Our pick to buy stocks: SoFi Invest

- $0 commissions on stocks
- Robo advisor with no management fees
- Beginner-friendly platform
Moomoo provides several perks, including powerful research tools and commission-free trades. But there are alternatives that also offer what the app lacks including a wider investment selection, multiple account types and multichannel customer support. Here are five apps like Moomoo to consider.
4.6 / 5 ★★★★★
Account types | Brokerage, Retirement, Robo-Advisor |
---|---|
Annual fee | 0% |
Available asset types | Stocks, Options, ETFs, Cryptocurrency |
Annual fee | 0% |
---|
4 / 5 ★★★★★
Account types | Brokerage |
---|---|
Annual fee | 0% |
Option trade fee | $0 |
Available asset types | Stocks, Options, ETFs, Cryptocurrency |
Annual fee | 0% |
---|
4.6 / 5 ★★★★★
Account types | Brokerage, Retirement |
---|---|
Annual fee | 0% |
Option trade fee | $0 |
Available asset types | Stocks, Options, ETFs, Cryptocurrency |
Annual fee | 0% |
---|
4.2 / 5 ★★★★★
Account types | Brokerage, Retirement |
---|---|
Option trade fee | $0 + $0.65/contract |
Available asset types | Stocks, Bonds, Options, Mutual funds, ETFs |
Annual fee | N/A |
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4.1 / 5 ★★★★★
Account types | Brokerage, Retirement |
---|---|
Option trade fee | $0 |
Available asset types | Stocks, Bonds, Options, Mutual funds, ETFs |
Annual fee | N/A |
---|
Moomoo is a broker that can appeal to tech-savvy, active traders. But it has its drawbacks. Here are some points to weigh before deciding to open or keep a Moomoo account.
If you’re switching brokers, the process may vary depending on your current broker and the one you’re moving to. Moomoo charges a hefty $75 per-stock fee to transfer assets to another broker.
Moomoo uses the Automated Customer Account Transfer Service (ACATS). So expect to go through the following process:
Note: Some brokers don’t accept the proprietary funds of others. So you may not be able to transfer mutual funds or ETFs managed by your old broker.
Information on this page is for educational purposes only. Finder is not an advisor or brokerage service, and we don't recommend investors to trade specific stocks or other investments.
Finder is not a client of any featured partner. We may be paid a fee for referring prospective clients to a partner, though it is not a recommendation to invest in any one partner.
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