TD Ameritrade vs Moomoo


Futu Moomoo vs TD Ameritrade thinkorswim—which is better in 2022? Compare investing accounts, online trading fees, stock broker extended hours, and differences.


Overview of TD Ameritrade and Moomoo


Both TD Ameritrade and Moomoo have websites in Chinese and English. Despite this shared international focus, these two firms are very different. Take a look at our research:


Costs


Broker Review Broker
Rating
Stock/ETF
Fee
Mutual Fund
Fee
Option Promotion Offer
TD Ameritrade
TD Ameritrade rating

$0 $49.99 ($0 to sell) $0 commissions + transfer fee reimbursement.
Moomoo
Moomoo brokerage rating

$0 na na Get up to 10 free stocks when you open an account at Moomoo!


Services


Broker Review Cost Investment Products Trading Tools Customer Service Research Overall Rating
TD Ameritrade
Moomoo


Promotions


TD Ameritrade: $0 commissions + transfer fee reimbursement.

Moomoo: Get up to 10 free stocks when you open an account at Moomoo!



Tradable Assets


With a TD Ameritrade account, investors can buy and sell these financial instruments:

- Fixed-income securities
- US-listed stocks
- Funds (mutual, exchange-traded, and closed-end)
- Futures
- Options
- Options on futures
- Forex

Moomoo offers not just US-listed stocks, options, and ADRs but also equities that trade on the Shanghai, Hong Kong, and Shenzhen markets. However, the broker-dealer doesn’t have futures, forex, bonds, or mutual funds.

Winner: TD Ameritrade


Websites


A good place to begin with any brokerage firm is its website. Moomoo’s is very simple and has no trading capability at all. It is used just to advertise the company’s services.

TD Ameritrade is a completely different animal. Not only is its website user-friendly, it is capable of order submission, charting, and a host of account management functions.

One of the great features on TDA’s site is SnapTicket. This is a trade bar that appears at the bottom of the screen. It can send orders to the major US exchanges for stocks, ETFs, closed-end funds, and option contracts. The widget automatically displays a very small chart of an entered ticker symbol. There are several order types, and a rapid-fire mode can take a string of characters and turn them into an order.

Charts on TD Ameritrade’s website can be expanded the full width of the computer monitor, and there are several charting tools available.

Winner: TD Ameritrade


Desktop Software


Although Moomoo doesn’t have much of a website, it does have a very good desktop platform. Compatible with both Mac and Windows, the program delivers some very good resources. These include:


Moomoo Trading Platform


- Order ticket with 12 trade types
- Level II data
- Full-screen charting
- Sixty technical indicators
- Multiple asset screeners

Although we were impressed with Moomoo’s software, TD Ameritrade’s desktop program thinkorswim delivers even more. For example, TDA’s platform has direct-access routing and live streaming of financial news, neither of which are on Moomoo’s platform. thinkorswim also has more technical indicators. Right-click trading is another highlight found on thinkorswim that’s absent on Moomoo’s program.


Ameritrade thinkorswim


Winner: TD Ameritrade


Mobile Apps


Moomoo traders get to use a very good mobile app that’s capable of horizontal charting. Besides rotating a chart, it’s also possible to add drawing tools and technical studies. There is a default watchlist, and it’s possible to create many more. Any security can be set up for alerts. The Moomoo app has a bulletin board on each ticker symbol, and this makes networking with other users possible, something TD Ameritrade customers can’t do.


Moomoo Stock Investing


Although Moomoo’s app does have many nice features, it is missing mobile check deposit, a very useful tool that is available on TD Ameritrade’s app. The broker actually has two of them, one of which is a thinkorswim app. This one is designed for heavy-duty trading. It accomplishes this mission with hundreds of technical studies, a professional-level order ticket with many advanced order types, and direct access to market makers.


TD Ameritrade app


Winner: TD Ameritrade


Option Tools


The brokers’ mobile apps and computer platforms provide resources for derivative trading. To get real-time quotes on options on Moomoo’s platform, you have to pay $2.99 per month. This data is free at TD Ameritrade for non-professionals.

Both thinkorswim and the TDA website have Greek values and a few pre-installed strategies. Free option reports from CFRA are another highlight.

Moomoo’s software has Greek values but not spreads. Calls and puts can be selected or just one option type. Results can be sorted by expiration date or strike price. There is also a very simple option screener on the desktop platform.

TD Ameritrade’s website and desktop platform have much better research tools. For example, the website can search for CFRA option reports by ticker symbol; it can also display the day’s most active contracts.

Winner: TD Ameritrade


Margin Borrowing


With a margin account at either firm, you can buy securities with borrowed money. Doing so amplifies the amount you can earn or lose.

Moomoo has a flat margin scale, which makes things very easy. It’s 7.3% on an annual basis (for US and Hong Kong stocks). For China A-shares, it’s a flat 8.8%.

TD Ameritrade has the traditional sliding scale, and it ranges from 9% to 11%.

Moomoo users can easily find margin details on the broker’s mobile app and desktop program. Vital data points include the short rate on a specific stock (the cost varies), margin requirements, and the number of shares currently available for shorting. Unfortunately, TD Ameritrade’s software doesn’t provide this information.

Winner: Moomoo


Miscellaneous Services


IRAs: TD Ameritrade is the only brokerage firm in this survey to offer Individual Retirement Accounts, and it has several types.

Dividend reinvestment program: TD Ameritrade also has a free DRIP plan, which Moomoo once again lacks.

Automatic mutual fund investing: Same story here.

Fractional-share trading: Neither broker offers whole-dollar investing in stocks or ETFs.

IPO availability: Both firms offer trading in IPOs before they hit the secondary market. Both brokers also have strict requirements to gain access.

Extended hours: With an account at either TD Ameritrade or Moomoo, you can trade before the market opens and after it closes. Moomoo has a longer pre-market session.

Cash management: TD Ameritrade offers free checkwriting and a debit card. Moomoo does not.

Winner: TD Ameritrade


Promotions


TD Ameritrade: $0 commissions + transfer fee reimbursement.

Moomoo: Get up to 10 free stocks when you open an account at Moomoo!



Now, Our Recommendations


Stock/ETF trading: TD Ameritrade’s desktop platform is much better than Moomoo’s. Plus, TDA’s website has higher-grade stock research tools.

Beginners: TD Ameritrade also has better learning materials and much better customer support. Plus, the demo mode on thinkorswim has more features than Moomoo’s demo mode.

Small accounts: Either will work.

Retirement savers and long-term investors: With TD Ameritrade’s financial-planning services and self-employed 401k, it’s a no-brainer.


TD Ameritrade vs Moomoo Final Judgment


Moomoo has the better Chinese-trading service, but TD Ameritrade is the clear outperformer overall.



About the Author
Chad Morris is a financial writer with more than 20 years experience as both an English teacher and an avid trader. When he isn’t writing expert content for Brokerage-Review.com, Chad can usually be found managing his portfolio or building a new home computer.