Investing in the stock market has undergone a pronounced change in the last 10 years. The creation of investing apps designed for mobile use has popularized investing substantially. Back in the 1950's, 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 is largely due to the ease in which people can now invest. Today, a person can invest in the stock market without ever leaving their home, without making a phone call, and without paying a dime in commissions. All that's required is a phone and an internet connection.
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.
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, though with their advanced charting, free level two market data, extended trading hours, and a variety of impressive research tools, the trading platform caters well 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 the experienced investor. Subscribers are able to buy and sell various assets commission-free like Moomoo, though with Webull, members 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. They were both 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||6.8% 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 the Silicon Valley in California, Moomoo Inc. is a wholly-owned subsidiary of Futu Holdings Ltd. The trading platform was launched in March of 2018.
The relatively new trading platform is quickly gaining popularity as it offers more resources and charting tools than the average investing app. When thinking about Moomoo vs Robinhood, the key difference is the impressive number of tools and resources offered within the app. Moomoo was designed to offer investors everything they could 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 more experienced traders.
Moomoo was designed to be a one-stop-shop for investing. So what does that mean? Many investors often complain about the level of detail and tools available within various trading apps. They 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.
Moomoo offers users the following features and benefits:
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 their free access to Level 2 market data and real time quotes. For some investors, this is a must. They also offer a more affordable rate for margin trading on accounts with a balance less than $25,000.
Getting started with Moomoo is simple. 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 their 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.
Webull is an investment platform that allows members to buy and sell various assets commission-free. It was created with a similar mission as Moomoo. Their creators wanted to build a platform that equipped investors with all the tools they needed in one location.
Many investors today complain that various trading platforms do not have enough resources for proper fundamental or technical analysis. They often find themselves using a variety of resources to make informed decisions. Webull wanted to combine all the necessary resources into a single location.
Many of the features that Webull offer are actually similar to Moomoo, though Webull does have a few key advantages:
|Debit Balance||Annual Margin Rate|
|25,000.01 - 100,000||6.49%|
|100,000.01 - 250,000||5.99%|
|250,000.01 - 500,000||5.49%|
|500,000.01 - 1,000,000||4.99%|
|1,000,000.01 - 3,000,000||4.49%|
Webull, like Moomoo, offers investors full extended trading hours. Level 2 market data is also offered to investors, but in Webull they do have a monthly subscription required for $1.99 a month. Real time quotes are also made available to investors for free when trading stocks. (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 with Webull is simple. Because they offer multiple brokerage accounts, the first step will be choosing which type of brokerage you would like to open. After choosing a brokerage type, the signup process is similar to other brokerage account. Investors will need to supply personal information such as name, phone, email, address, birth date, SSN, and a driver's license. Signing up with Webull can be done in a few minutes. Account approval generally takes less than a day.
Moomoo vs Webull share many similarities and are both equipped to give investors a singular place for their investing needs. With slights 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 that would like to link a retirement account may find Webull best for them. Webull also allows users to explore their app before ever signing up for account.
Both of these trading platforms are relatively young and have incredible opportunity, though they are already both great trading platforms today.