Robinhood vs Moomoo


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


Overview of Robinhood and Moomoo


Robinhood is much better known than upstart Moomoo. Does that mean Robinhood traders are at the right broker? Our research has an answer.


Cost Comparison


Broker Review Broker
Rating
Stock/ETF
Fee
Mutual Fund
Fee
Option Promotion Offer
Robinhood
Robinhood Trading rating

$0 na $0 Get one FREE stock when you open an account.
Moomoo
Moomoo brokerage rating

$0 na na Get up to 5 free stocks plus a free NIO stock!


Services


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


Category #1: Available Assets


Open a Robinhood account and you’ll be able to trade a decent number of financial vehicles. They include:

- Cryptocurrencies
- Stocks on the major American exchanges
- Funds (exchange-traded and closed-end)
- Options

Investors at Moomoo don’t have access to digital currencies, but they gain access to three stock exchanges in China.

Winner: Too close to call


Promotions


Robinhood: Get one FREE stock when you open an account.

Moomoo: Get up to 5 free stocks plus a free NIO stock!



Category #2: Trading Platforms


Robinhood’s trading program will be found on its website. A login produces a simple platform that resides within a web browser. During our probing, we found it easy to use but overly simple. For example, there is no real security or crypto screener; instead, Robinhood provides groups of assets with icon representations.


Robinhood or Moomoo


Charting on Robinhood’s web-based platform can be accomplished in full-screen mode, but there are minimal technical studies and graph styles. There are no drawing tools at all. While right-click trading is absent as well, Robinhood’s software displays a prominent trade button at the top of a graph.

The broker’s order ticket has several order types, including trailing and recurring. Recurring orders are orders that are automatically sent to the exchanges on a periodic basis. There are several frequency choices.

Besides trading and charting, Robinhood’s software has an integrated watchlist, and it’s possible to create your own.

Moomoo doesn’t have a browser-based platform, but it does provide a desktop program. Downloaded from the website, it’s compatible with Mac and Windows. Moomoo also has API tools.


Moomoo Trading Platform


Charting on Moomoo’s software is a very different experience than charting on Robinhood’s. For example, there are more technical studies and about 30 drawing tools. We also counted 4 graph styles (Robinhood has just 2).

Although right-click trading is not a feature on Moomoo’s platform, there is a drop-down menu. Trading is not one of the choices, but there are many others, including:

- Add to a watchlist
- Create an alert
- Curve shift

When you do get ready to place a trade, Moomoo’s platform prominently displays multiple trade buttons. Strangely though, there is no trade button during full-screen charting. The order form has 12 order types. Examples include:

- Market if touched
- Trailing stop limit
- Market sell

Moomoo’s digital platform has screeners for not only US securities, but also stocks and ETFs listed on the Chinese exchanges.

Winner: Moomoo


Category #3: Mobile Apps


Moomoo’s very good desktop program re-appears in mobile format. The interface and tools are largely the same. A social-networking widget called Moo (which also appears on the desktop program) is integrated. Multiple watchlists sync with the lists on the desktop program.


Moomoo Investing App


The mobile app has 8 order types, and we really like horizontal charting with tools.

Robinhood’s app has charting, but a graph cannot be rotated horizontally. Moreover, there are no tools of any kind. There are two graph styles: candlestick and line.


Robin Hood vs Moomoo


Like Moomoo, Robinhood syncs watchlists on its app with lists that appear on its computer platform. Unlike Moomoo, Robinhood uses its PC order ticket for its mobile ticket. Short explanations are included under each trade type with a small graph.

One of the best features about Moomoo’s app is the ability to try it out in practice mode. Robinhood’s app doesn’t have this feature.

Winner: Moomoo


Category #4: Option Tools


Option contracts can be traded at either broker with any software platform. Robinhood’s website has just calls and puts. Instead of traditional chains, the broker has buttons for option type and buy or sell. Just click on these to create your order (with a max of 4 legs). During our investigation, we found this system pretty easy to use.

Robinhood’s mobile app uses a somewhat different system. You specify with user-friendly buttons whether you’re bullish, bearish, or neutral on the underlying stock price, and the software offers some possible trades. This time, there are spreads.

Over at Moomoo, we didn’t find any integrated spreads. Calls and puts are it. Moreover, the broker requires a subscription to real-time data just to see prices.

Winner: Robinhood


Category #5: Margin Borrowing


Don’t have enough money to trade with? No problem. With an account at either Robinhood or Moomoo, you can use someone else’s money. This really generous service does come at a cost, of course.

Moomoo charges a flat 7.3% annualized rate for borrowings on the American or Hong Kong exchanges. For the Shenzhen and Shanghai markets, the rate goes to 8.8%.

Robinhood customers have to sign up for the broker’s Gold plan, which costs $5 per month. This fee covers the first $1,000 in margin; everything after is billed at 4.25%.

Moomoo’s software displays margin information on any ticker symbol that’s entered. The data points include how much shorting costs and what the margin requirements are for the particular asset. Robinhood’s software doesn’t do this.

Winner: Moomoo


Category #6: Miscellaneous Services


Dividend reinvestment program: DRIP service is available at Robinhood, but not at Moomoo.

IRAs: Neither brokerage house in this survey offers retirement accounts.

Fractional-share trading: Robinhood’s order form for stocks, ETFs, and cryptocurrencies has a whole-dollar option. Moomoo doesn’t yet offer trading in partial shares.

IPO availability: Moomoo clients get early access to Initial Public Offerings. Robinhood customers don’t.

Extended hours: With an investment account at either broker-dealer in this contest, you can trade in the morning or evening. Moomoo has longer extended-hours sessions.

Cash management: Robinhood, but not Moomoo, has a Mastercard debit card.

Winner: Robinhood


Promotions


Robinhood: Get one FREE stock when you open an account.

Moomoo: Get up to 5 free stocks plus a free NIO stock!



Our Recommendations


Stock/ETF trading: Moomoo’s desktop platform is much better than Robinhood’s browser system. Plus, Moomoo has better security screeners and it delivers much more research information on the stocks and ETFs that can be traded.

Beginners: Moomoo’s platform has a demo mode, but Robinhood has better educational materials. Toss up.

Small accounts: Neither broker-dealer has any account minimums or deposit requirements. Neither Robinhood Gold nor options data at Moomoo would be good for small accounts.

Retirement savers and long-term investors: Neither brokerage firm offers much for investors with a long-term outlook.


Moomoo vs Robinhood Final Judgment


Robinhood customers who want to trade Chinese securities or use a desktop program should jump ship.



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.