Moomoo vs. Webull 2026: Free Level 2 Data vs. IRA Match

Moomoo and Webull are both built for the same kind of trader — someone who wants professional-grade charting, cheap options and free real-time market data without paying a legacy broker’s prices. The overlap between them is bigger than with almost any other broker pair on the market.

The clearest differentiator is retirement accounts: Webull offers Traditional, Roth and rollover IRAs with a contribution match; Moomoo doesn’t offer retirement accounts at all. Beyond that, the two trade blows on fees, charting depth and market data access.

Here’s how they actually compare on fees, features, safety and switching costs in 2026.

Moomoo vs. Webull: A quick comparison

	Moomoo Read Review	Webull Go to site
Finder Score	9.0 Excellent	9.4 Excellent
Best for	Free NYSE ArcaBook Level 2 data with no subscription, deep options toolkit	Retirement accounts, lower margin rates with a subscription
Account types	Individual brokerage only	Individual, joint, Traditional/Roth/rollover IRA
Minimum to open	$0	$0
Stock/options trade fee	$0 (equity options); index options $0.50/contract	$0 (equity options); index options $0.50/contract
Mobile app reviews	Google Play: 4.4/5 based on over 50,730 reviews App Store: 4.7/5 based on over 37,000 reviews	Google Play: 4.6/5 based on over 214,500 reviews App Store: 4.7/5 based on over 341,000 reviews
Bonus offer	Up to $1,000 in NVDA stock + 8.1% APY on uninvested cash (through December 31, 2026)	10 free fractional shares (worth $3–$300 each) on a $100+ deposit (through October 14, 2026)
Learn more	Read Review	Read Review

Switching from Webull to Moomoo

You might be weighing whether to switch or add a second broker. Here’s what an account transfer actually costs and pays.

What Moomoo pays you to switch

Moomoo will match 3% of your first ACATS transfer, up to $20,000, through December 31, 2026 — though it’s only for customers who haven’t already made a deposit with Moomoo before June 10, 2026. And it isn’t a lump sum: the match arrives as a cash coupon, paid out in four equal installments over a year — 25% at the 90-day mark, then again at 180, 270 and 360 days. Miss the window and keep withdrawing the transferred assets, and that installment simply doesn’t unlock. So on a $20,000 transfer, you’re looking at up to $600 total, spread across 12 months rather than handed to you on day one. One more wrinkle: each coupon has to be spent on eligible stock or ETF purchases within six months of unlocking — you can’t just withdraw it as cash.⁽¹⁾

What it costs to leave Webull

Webull charges $75 to transfer your account out via ACATS.⁽²⁾ Moomoo doesn’t offer to cover a competitor’s exit fee, so weigh that $75 against the 3% match before switching.

What Webull pays if you switch to it

Webull’s current new-account offer isn’t structured as a transfer match. Make an initial deposit of $100 or more and Webull grants 10 free fractional shares, each worth between $3 and $300, drawn from a set pool of stocks — available through October 14, 2026.⁽³⁾ It isn’t tied to an ACATS transfer specifically, and it doesn’t cover Moomoo’s own $75 outgoing fee, so weigh what those shares are likely worth against Moomoo’s match before deciding which way to go.

How fees compare

How features compare

Retirement and IRA match

This is the clearest differentiator between the two. Webull offers Traditional, Roth and rollover IRAs, with a 3.5% contribution match plus a limited-time 1% match on transfers and rollovers — both gated behind a Webull Premium subscription, which costs $3.99 per month or $40 per year. Moomoo doesn’t offer retirement accounts at all — only individual taxable brokerage accounts. If retirement investing matters to you, this alone settles the decision in Webull’s favor.

How the platforms compare

Moomoo’s charting toolkit is deeper, and its Level 2 data is free for longer

Moomoo leans into advanced tools: 100+ technical indicators, 38+ drawing tools, customizable options chains and free real-time NYSE ArcaBook Level 2 data, with up to 60 bid/ask price levels, once you hold a modest account balance.⁽¹⁴⁾ Support for up to six desktop monitors signals who it’s really for — traders who want professional-grade tools without a professional-grade price tag. Its options toolkit runs deep too: 13 named strategies, unusual-activity tracking and volatility analysis, aimed at active options traders.⁽¹⁵⁾ Its newest addition, Moomoo Engine, launched in July 2026, bundles deeper research, options and technical tools into one paid tier: $3.99 per month, or $0.99 per month once your account holds at least $1,000.⁽¹⁶⁾

Webull’s retirement accounts and margin tiers reward a subscription

Webull Desktop offers 60+ technical indicators and 20+ drawing tools with customizable multi-chart layouts — a smaller toolkit than Moomoo’s, though still free with no subscription required.⁽¹³⁾ Webull also supports multi-leg options strategies — spreads, straddles, iron condors — unusual options activity tracking and a dedicated volatility analysis tool, though it doesn’t put a number on how many strategies it supports.

Where Webull pulls ahead is retirement accounts and, for active traders willing to pay for Webull Premium, margin rates: its standard rate of 8.74% flat is higher than Moomoo’s flat 6.8%, but Premium subscribers get a tiered rate that falls to 3.90% above $25 million — far below anything Moomoo offers.⁽⁵⁾ Level 2 data follows the same pattern: free for one month, then a $2.99 monthly charge, or bundled into Premium — unlike Moomoo, which keeps it free indefinitely once you clear a modest balance threshold.

Both platforms offer event contracts through the same partner, Kalshi, and both support paper trading and fractional shares from as little as $5. Webull’s app also has a much bigger review base on both stores — more people are using it day to day.

Who should choose which?

What traders are saying

Moomoo

Webull

Which one’s safer and more reliable?

Both Moomoo and Webull are SIPC members, meaning brokerage accounts are protected up to $500,000, including $250,000 in cash, if the firm fails — this covers custody of your assets, not investment losses. Both are also FINRA-registered broker-dealers, and both have paid regulatory fines worth knowing about before you choose.

Webull’s regulatory history

FINRA fined Webull Financial LLC $3,000,000 and issued a censure in an AWC signed February 23, 2023.⁽¹⁷⁾ The action cited three failures: inadequate due diligence before approving customers for options trading between December 2019 and July 2021, an inadequately supervised customer-complaints system from May 2018 through December 2021 and underreporting complaints to FINRA. The firm reported just 69 complaints in 2020, despite receiving over 500,000 written customer communications that year.

Moomoo’s regulatory history

Moomoo Financial Inc., formerly Futu Inc., was fined $750,000 by FINRA over misleading social-media influencer marketing and related supervisory failures between 2020 and 2022.⁽¹⁸⁾ A separate $125,000 fine, settled February 6, 2026, covered large options position reporting failures, with a 60-day remediation certification requirement.⁽¹⁹⁾ It also failed to send required privacy notices to more than 450,000 customers between 2018 and 2021.

Both firms have paid regulatory fines. Webull’s single fine is larger in dollar terms and centers on options-approval and complaint-handling supervision; Moomoo’s are smaller individually but cover marketing oversight, reporting compliance and a separate privacy-notice failure.

Moomoo vs. Webull: Which one’s better?

Webull is the better choice for anyone who wants a retirement account with a contribution match, or an active trader with a large enough margin balance to make a Webull Premium subscription pay for itself through lower rates. Moomoo’s edge is a deeper free charting and options toolkit — 100+ indicators, 38+ drawing tools and a named 13-strategy options library, plus NYSE ArcaBook and Nasdaq TotalView Level 2 data that both stay free indefinitely once you clear a modest balance (NYSE OpenBook, if you want it, is a separate $25.99/month subscription). If you want Moomoo’s newest advanced tools bundled together, that now costs $3.99 per month via Moomoo Engine.

See how even more brokers stack up

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Frequently asked questions

• Is Moomoo better than Webull?

  Neither is better across the board — it depends what you need. Moomoo's edge is a deeper free charting toolkit and free NYSE ArcaBook and Nasdaq TotalView Level 2 data once you clear a $100 balance. Webull's edge is retirement accounts with a contribution match, and lower margin rates for larger balances if you subscribe to Webull Premium.

• Can I transfer my account from Webull to Moomoo?

  Yes, via a standard ACATS brokerage transfer. Moomoo currently matches 3% of your first transfer, up to $20,000, through December 31, 2026, though only if you haven't already made a deposit with Moomoo before June 10, 2026. It's paid as a coupon in four installments over a year rather than all at once, and each one has to be spent on stock or ETF purchases rather than withdrawn as cash. Even spread out, it comfortably offsets Webull's $75 outgoing transfer fee.

• Can I open a retirement account with Moomoo?

  No. Moomoo only offers individual taxable brokerage accounts. If you want an IRA, Webull or another broker that supports retirement accounts is a better fit.

• Does Moomoo or Webull have lower fees?

  Both charge $0 for stock, ETF and equity options trades, with the same $0.50/contract fee on index options. Moomoo's margin rate of 6.8% flat beats Webull's standard rate of 8.74% flat, but Webull Premium subscribers with larger balances can access rates as low as 3.90% — lower than anything Moomoo offers. Webull's IRA match and lower Level 2 data cost after the first month both require the same Premium subscription, which costs $3.99 per month or $40 per year.

• Which is safer, Moomoo or Webull?

  Both are SIPC-insured up to $500,000 and FINRA-registered. Both have paid regulatory fines: Webull's single $3 million fine centers on options-approval and complaint-handling supervision, while Moomoo's two smaller fines cover marketing oversight, reporting compliance and a separate privacy-notice failure. Neither firm's history points to an ongoing risk to your funds today, but it's worth knowing before you choose.

• Which is better for options trading, Moomoo or Webull?

  Moomoo lists its options strategies by name — 13 in total — plus unusual options activity tracking and volatility analysis.⁽¹⁵⁾ Webull supports comparable multi-leg strategies and its own unusual-activity tracking and volatility tools, but doesn't publish a specific strategy count.

Finder Scores: What they mean

If you want peace of mind, this rating will give it to you. These products offer the best value and outcomes considering various product features, terms, conditions and price.

Well-balanced products that provide what you need, offering a healthy mix of competitive features at a good price. However, they're not quite the best in class.

Bottom line: You can find better, but these products still offer reasonable value and have the basics sorted.

These products may not offer much value in the long run, and there are better options available.

To make sure you get accurate and helpful information, this guide has been edited by Richard Laycock as part of our fact-checking process.

Written by

Matt Miczulski

Investments editor and market analyst

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Matt Miczulski is an investments editor and market analyst at Finder. With over 450 bylines, Matt dissects and reviews brokers and investing platforms to expose perks and pain points, explores investment products and concepts and covers market news, making investing more accessible and helping readers to make informed financial decisions. Before joining Finder in 2021, Matt covered everything from finance news and banking to debt and travel for FinanceBuzz. His expertise and analysis on investing and other financial topics has been featured on Yahoo Finance, CBS, MSN, Best Company and Consolidated Credit, among others. Matt holds a BA in history from William Paterson University. See full bio

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