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Charles Schwab vs Moomoo
Moomoo vs Charles Schwab—which is better in 2025? Compare investing accounts,
online trading fees, stock broker extended hours, and differences.
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Moomoo vs. Schwab Overview
Points to know:
• You can open a brokerage account at moomoo or Charles Schwab.
• Only Schwab provides investment advice and financial planning.
• Both offer advanced desktop trading software.
Before opening your next investment account, consider Charles Schwab and moomoo. Both offer advanced trading tools, but they differ in key areas.
Cost Comparison
| Broker Fees |
Stock/ETF
Commission |
Mutual Fund
Commission |
Options
Commission |
Maintenance
Fee |
Annual IRA
Fee |
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Charles Schwab
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$0
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$49.95 ($0 to sell)
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$0.65 per contract
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$0
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$0
|
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Moomoo
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$0
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na
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$0 per contract
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$0
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$0
|
Services
| Broker Review |
Cost |
Investment Products |
Trading Tools |
Customer Service |
Research |
Overall Rating |
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Charles Schwab
|
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|
|
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Moomoo
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Promotions
Charles Schwab: $0 commissions + satisfaction guarantee at Charles Schwab.
Moomoo:
Get 60 FREE stocks and 8.1% APY on cash at Moomoo.
Investing and Trading
Traders at moomoo can buy and sell the following in their brokerage accounts:
• Stocks, including OTC and some foreign stocks
• Option contracts
• Exchange Traded Funds
• Closed End Funds
Schwab offers the same, plus futures, annuities, fixed income, mutual funds, and forex.
Schwab also provides an investment-advisory program with managed accounts, including a free robo service and full-service accounts with annual fees. Moomoo does not offer this.
Margin Services
Both Schwab and moomoo offer margin trading. You can short stocks, trade option spreads, and buy securities with leverage at either firm. Both platforms show the long maintenance requirement for individual stocks. Only moomoo shows the long initial requirement and the initial and maintenance requirements for short positions, along with the short margin rate.
For long positions, Schwab charges interest on a tiered schedule starting at 12.575% and ending at
10.825%. Moomoo charges a flat 6.8%.
Websites
Schwab’s website is packed with resources. It offers tools for account management, charting, order entry, security research, and advanced trading through its thinkorswim platform.
A stock’s profile on Schwab’s site includes financial statements, preferred stocks, technical events, peer comparisons, ETFs holding the stock, and free equity reports. Analysts like Vickers, Market Edge, CFRA, and Argus provide insights.
Schwab’s website and thinkorswim platform support many order types, including “Order 1 triggers sequence” and “Blast All.”
Moomoo’s site doesn’t support live trading, but it offers simulated trading for stocks and options. It also provides market news, heat maps, promotions, an earnings calendar, and a stock screener.
Mobile Trading
Moomoo customers can’t trade on the website but can use the mobile app. The app includes:
• Multiple watchlists
• Integrated option spreads with profit-loss diagrams and descriptions
• Lots of market news
• Advanced order types, including trailing and algorithmic orders
• Practice trading (under the Discover tab)
Schwab has two apps: a main app and thinkorswim. The thinkorswim app supports simulated trading with paperMoney and is designed for advanced trading, including futures and forex. It also has extensive charting tools with hundreds of technical indicators.
Only Schwab offers mobile check deposit. Only moomoo has a digital bulletin board for discussing market news (under the Discover tab).
Desktop Software
Both firms offer powerful desktop trading tools. Schwab’s thinkorswim platform includes:
• Direct access to market centers
• Level II quotes
• Full-screen charting
• Advanced order tickets
• Simulated trading
• Tools for futures and forex
Moomoo’s desktop platform doesn’t have a name but offers similar tools, including watchlists, full-screen charts, simulated trading, and a stock screener. It also has a digital bulletin board (under the Community icon).
Option traders will appreciate tools like:
• Rankings
• Unusual activity tracking
• Chains with spreads
• Volatility smile
• Volatility term structure
• Bar charts for analyses like open interest by strike
Extra Services
Fully-Paid Stock Lending: Available at Schwab. Moomoo’s Singaporean branch offers this, but not its U.S. branch.
Dividend Reinvestment Plan: Both firms offer this, but moomoo limits it to S&P 500 stocks.
IRAs: Only Schwab offers Individual Retirement Accounts.
Extended Hours: Both offer pre-market and post-market trading. Schwab also supports overnight trading for some securities.
IPO Access: Both firms offer access to Initial Public Offerings.
Fractional Shares: Both support fractional shares.
Systematic Mutual Fund Trades: Available at Schwab.
Recommendations
Long-Term Investors & Retirement Savers: Schwab is the better choice.
Small Investors: Schwab’s Intelligent Portfolios® requires $5,000 to start, so it’s not ideal for small investors. Both firms allow brokerage accounts with no minimum balance.
Active Equity Trading: Either firm works well.
Beginners: A managed account at Schwab (with a human advisor) is recommended.
Mutual-fund Investing: Schwab is the best choice due to its extensive fund resources.
Moomoo vs Schwab: Judgment
Both Schwab and moomoo offer excellent tools for self-directed traders. Schwab stands out with its additional advisory programs.
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Updated on 2/11/2025.
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.
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