Compare WeBull versus Moomoo app: IRA, commissions, investing fees, trading tools, account differences, pros and cons. Which online broker is better in 2021?

Overview of Moomoo and WeBull

Webull and moomoo are two very new brokerage firms that are trying to unseat some of the larger players in the industry. Which one of these two has what it takes to succeed? That’s what this survey is going to find out.

Comparison Table

Rating moomoo rating Webull Rating
Stocks $0 $0
Options (per contract) $0 $0
Mutual Funds na na
Initial Funding Requirement $0 $0
Inactivity Fee $0 $0
IRA Annual Fee na $0
Full Account Transfer $75 $75
Partial Account Transfer $75 $75
Account Closing Fee $0 $0
Trading Experience & Technology brokerage ratings brokerage ratings
Mobile brokerage ratings brokerage ratings
Research Amenities brokerage ratings brokerage ratings
Portfolio & Analysis Reports brokerage ratings brokerage ratings
Customer Service and Education brokerage ratings brokerage ratings
Open an account Receive 2 free stocks valued up to $1,000! Grab your last chance to get 2 free stocks valued up to $1,850.


1st Category: Available Investments

Webull customers can buy and sell the following investment vehicles:

- Cryptocurrencies
- Option contracts
- Closed-end funds
- Exchange-traded funds
- Equities

With a moomoo account, it’s possible to trade these assets:

- Stocks
- ETFs
- Closed-end funds
- Options

Although digital currencies are clearly missing on moomoo’s list, its stock offering includes access to Chinese markets (including both Hong Kong and mainland shares), a great service that is absent at Webull.

Both brokerage firms offer only individual taxable self-directed accounts, and neither broker-dealer provides trading in over-the-counter stocks.

Winner: Pretty even overall


2nd Category: Margin Capability

Both brokerage houses in this investigation offer margin accounts. Moreover, both of them provide margin details on stocks and ETFs on their trading platforms. Webull offers these particulars:

- Day-trading leverage (long and short numbers)
- Overnight leverage (long and short numbers)
- Maintenance requirement (long and short numbers)
- Approximate annualized margin rate

Moomoo’s website delivers these figures:

- Initial Margin (long and short numbers)
- Margin Call (long and short numbers)
- Maintenance Margin (long and short numbers)
- Interest Rate (long and short numbers)
- Number of shares available for shorting

For margin loans, moomoo currently charges a flat 6.8% at all balance tiers. Easy enough.

Webull is on a traditional sliding scale. It ranges from 6.99% at the lowest tier to 3.99% at the highest tier.

Winner: Another tie


3rd Category: Websites

Moomoo’s website is available in both English and Chinese. Although it does not offer any trading capability, it does have asset profiles, market news, an economic calendar, and a help center. There is a login, although at this time there’s not much inside.

Webull’s site also has security profiles. They are pretty similar to moomoo’s in terms of depth of information. Like moomoo, Webull has a help center. Unlike moomoo, Webull fails to deliver market news or an economic calendar, but it does have a login with a sizeable number of features.


Webull or moomoo


First is account management. This section offers the ability to download account documents, transfer funds, and adjust account settings.

The second feature is an accessibility widget. Located in the bottom-right portion of the screen, this really nice tool has all sorts of features, such as a text magnifier and the ability to highlight titles or links. Other tools include:

- Seizure safe profile
- Blind users
- ADHD profile
- Vision impaired profile

The third and final website feature worth mentioning is Webull’s trading platform. Launched after logging in, this program uses its own tab in the browsing window. It boasts many great trading tools, including:

- Multiple order tickets
- Watchlists
- Simulated trading
- Full-screen charting with tools
- Advanced order ticket

Winner: Webull


4th Category: Desktop Software

Although moomoo didn’t perform well in the previous category, it is going to do much better here. It does have a desktop program, and it packs quite a punch. Among its many features, we really liked the following during our testing:


Moomoo Free Stocks Promotion


Full-screen charting. Tools include technical indicators, drawing gizmos, screenshot, and many display options. A right-click menu strangely does not include a trade button.

Trade ticket. Includes trailing and if-touched orders.

Level II quotes. Integrated with ability to switch among exchanges.

Simulated trading. The order ticket in this mode is somewhat scaled down.

Webull’s desktop platform also is quite impressive with many useful features. Ones we really enjoyed using include:

Three order tickets: One has buttons that can be customized with order types (buy 200 shares at market), while another is designed for options trading.

Advanced charting: This time we get right-click trading.

Simulated trading: As with moomoo, the ticket is trimmed.

Multiple layouts: With color themes and window choices.

Learning center: This of course helps to learn the platform.


Webull vs moomoo


Winner: Toss up


5th Category: Mobile Apps

Neither broker in this competition has left out mobile trading. Webull’s platform has these highlights:

- Trading competitions in simulated mode.
- Charting with many tools, such as replay mode.
- Community forum.
- Trade ticket with bracket orders.
- Market information on multiple exchanges.


WeBull versus moomoo


Moomoo also does quite well in this category with an advanced trading system. Some of the features are very similar to what we found on Webull’s app. For instance:


Moomoo


- A social-networking widget called Moo.
- Paper trading with competitions.
- Watchlist that syncs with the desktop platform.
- Real-time market depth.

Winner: Very close here


6th Category: Options Trading

Although both broker-dealers in this contest offer trading in derivatives, the similarity stops there.

During our testing of moomoo’s software, we found only puts and calls. There are no integrated spreads, and there is no method to create your own multi-leg trades. To make matters even worse, moomoo charges $2.99 per month for real-time data on contracts.

Webull also has a monthly charge of $2.99 for real-time quotes on options. But the broker does provide (at no cost) integrated spreads on both its mobile app and desktop platform. Here are some examples:

Butterfly
Vertical
Collar (with stock)
Iron condor

Both firms provide Greek values free of charge. Unfortunately, neither firm has any advanced option tools like a probability lab. Webull’s browser platform and desktop program do have profit-loss diagrams.

Winner: Webull


7th Category: Research and Education

On both Webull’s mobile app and its desktop platform, each option strategy has a description of the trade with a small generalized profit-loss chart. Because moomoo doesn’t offer spread trading, this information is missing in action.

For stock research, moomoo’s platform delivers analyst recommendations with price targets. For Microsoft, there was a strong buy from 38 analysts. There is also data on price multiples and order executions.

At Webull, we found the same 38 analysts for Microsoft. We also found press releases, corporate actions (including executive trading activity), and order flow.

Winner: Pretty close overall


Open Webull Account


Open WeBull Account

Open Moomoo Account


Open Moomoo Account

6th Category: Other Services

Banking Tools: Neither firm offers checks or a debit card.

Fractional-share Trading: Moomoo says it has plans for whole-dollar investing in the future. Webull offers partial-share trading right now.

IPO Availability: Both brokerage firms give their clients access to upcoming Initial Public Offerings. On the day we did our research, Webull had two available for subscription, and moomoo had none.

IRAs: Webull, but not moomoo, has Individual Retirement Accounts.

Dividend Reinvestment Program: Moomoo offers dividend reinvesting, which Webull customers should seriously consider because their broker doesn’t.

Extended Hours: Available at both brokers.

Winner: Webull


Our Recommendations

Small Accounts: Because of Webull’s $1.99 monthly charge for Level II quotes, we endorse moomoo.

Stock/ETF Trading: Moomoo has a DRIP service, while Webull offers fractional-share trading. Take your pick.

Beginners: Webull has better learning materials.

Long-Term Investors and Retirement Savers: With Webull’s IRAs, it’s an easy pick.


Moomoo vs Webull Assessment

These two firms are very competitive with each other. Traders interested in Chinese equities should go with moomoo, while Webull is the clear winner for cryptocurrency trading.

Open Webull Account


Open WeBull Account

Open Moomoo Account


Open Moomoo Account


Webull


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