Investing in the stock market has undergone a pronounced change in the last 10 years. The advent of investing apps designed for mobile use has popularized investing substantially. In the 1950s, just 4% of the United States population owned stocks.
That number increased to 20% by 1990. And today? According to a poll by Gallup, 55% of Americans own stock.
This revolution has largely increased the wealth of the average American. However, due to barriers to entry, much of this wealth was accumulated by the upper class. Investing was simply not attainable for many middle- and lower-class citizens.
That is before democratized investing took the center stage.
Democratized investing is investing for all. Popularized by Robinhood's commission-free business model, stock trading and investing have become accessible to anyone with an internet connection, regardless of their wealth or status.
With the proliferation of new investing apps, many question which trading platform is best suited for them. While there are many options available, Moomoo and Webull are two that stand out for advanced and experienced investors.
In this article, we will compare Moomoo and Webull and identify similarities and differences between the two investing apps.
This article is sponsored by Moomoo.
Moomoo is an advanced investing platform that allows users to buy and sell stocks, ETFs, and options commission-free. The platform was designed for all levels of investors.
However, with its advanced charting, free level 2 market data, extended trading hours, and a variety of impressive research tools, this trading platform caters to experienced traders and day traders.
Launched in 2018, Moomoo has gained traction and popularity among investors for being a true one-stop shop for investing in the stock market.
Webull is also an investing platform designed for experienced investors. Users are able to buy and sell various assets commission-free similar to Moomoo. However, with Webull, investors have access to a limited number of cryptocurrencies.
Launched in early 2018, Webull was created to empower the everyday investor with information. With 24/7 customer service available, Webull is dedicated to helping investors make educated decisions in the stock market.
Both platforms offer investors a plethora of research tools and resources. Both were created to empower investors with the ability to make better decisions when investing. With similar offerings, investors should explore both to see which caters best to their needs.
|Available Assets||Stocks, ETFs, ADRs, and Options||Stocks, ETFs, Options, ADRs, IRAs, and Crytopcurrency|
|Level 2 Market Data||Free||Available with Subscription for $1.99 per Month|
|Margin Trading||4.8% Interest||Tiered Interest Charges from 6.99% to 3.99%|
|Real Time Market Quotes||Free||Available with Subscription for $2.99|
|Extended Trading Hours||4am - 8pm||4am - 8pm|
|Best For||Intermediate to Advanced Investors||Intermediate to Advanced Investors|
Moomoo is a commission-free trading platform. Based in Silicon Valley in California, Moomoo Inc. is a wholly-owned subsidiary of Futu Holdings Ltd. The trading platform was launched in March of 2018.
This relatively new trading platform is quickly gaining popularity as it offers more resources and charting tools than the average investing app. When comparing Moomoo to Robinhood, the key difference is the impressive number of tools and resources offered within the app.
Moomoo was designed to offer investors everything they need in one place.
Though it is still relatively new, Moomoo does not currently offer cryptocurrency, mutual funds, or bonds.
Moomoo offers a wide number of advanced research tools and charting which caters well to experienced traders.
Moomoo was designed to be a one-stop shop for investing. Many investors often complain about the level of detail and tools available within various trading apps. Investors often have to use a variety of resources when making investment decisions. With Moomoo however, investors can find just about everything they need to make informed decisions.
In addition to the features listed above, Moomoo also offers users access to the Moomoo community where investors can share insights about various investments. With all the offerings within the app or on the desktop version, investors will find everything they need to make informed investment decisions.
One of the main advantages that Moomoo offers investors is its free access to Level 2 market data and real-time quotes. For some investors, this is a must.
Getting started with Moomoo is simple and creating your account can be done in just a few minutes.
You will need the following information ready:
After inputting the required information and agreeing to Moomoo's risk statement, your account will be submitted for review. Approval can take up to 1-3 business days.
Once approval is granted, linking a bank account and making your first deposit is simple. For a full review of Moomoo and its services, check out this article.
Webull is an investment platform that allows members to buy and sell various assets commission-free. It was created to fulfill a similar mission as Moomoo. Its creators wanted to build a platform that equipped investors with all the tools they needed in one location.
Many investors today long for a trading platform that offers enough resources for proper fundamental or technical analysis. Since the number of platforms that do offer these features is limited, investors often find themselves using a variety of resources to make informed decisions. The Webull founders, like those of Moomoo, wanted to combine all the necessary resources into a single location.
Many of the features that Webull offers are similar to Moomoo, though Webull does have a few key advantages:
Webull, like Moomoo, offers investors full extended trading hours. Level 2 market data is also offered to investors, but on Webull there is a monthly subscription required for $1.99 a month. Real-time quotes are also made available to investors for free when trading stocks.
Note: With options, real-time quotes are offered for $2.99 a month, though this can be waived by making one options trade per month.
Creating an account on Webull is simple. Because the company offers multiple account types, the first step will be choosing which one you would like to open. After choosing an account type, the signup process is similar to other brokerage platforms.
Investors will need to supply personal information such as name, phone, email, address, birth date, SSN, and a driver's license. This sign-up process can be completed in just a few minutes. Account approval generally takes less than a day.
Moomoo and Webull share many similarities and are both equipped to give investors a singular place for their investing needs. With slight differences in their charting and other resources, investors should explore platforms to see which one is best suited for them.
Investors interested in gaining access to Asian Markets may be more interested in Moomoo, while investors who would like to link a retirement account may find Webull best for them. Webull also allows users to explore its app before ever signing up for an account.
Both of these trading platforms are relatively nascent but have incredible potential. See why many users are happy to trade with Moomoo and Webull by signing up today!
Currently, both platforms are offering very generous signup incentives of 5 stocks each! This is an incredible offering that might not be around for long. Use one of our links below to sign up and take advantage!