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Choosing the Best Trading Platform for You — moomoo vs. Webull vs. Robinhood

Views 29K Jun 14, 2024

When it comes to finding the best trading platform for you, it can seem like a difficult task. There are a wealth of companies that offer different features, perks, and products to use across a variety of platforms. You may just be starting out on your trading journey. Or maybe you already have a trading app you use and aren't familiar with what else is out there.

It can seem daunting to research all the different offerings and their uses. To make it easier for you, we're taking the legwork out of research and comparing moomoo, Webull, and Robinhood — from our perspective — in this guide, so you can find a platform that fits your trading style and portfolio management.

Key Takeaways

In this article, we'll be taking a closer look at Robinhood and Webull and how they directly compare with moomoo. To give you a better idea of what each offers, we'll explore:

• Features of moomoo

• Features of Robinhood

• Features of Webull

• How these three compare

There's a lot to understand about these different stock trading platforms and how they may work for you, so let's dive in.

Features of moomoo  

When it comes to robust offerings for users of all levels, we think moomoo stands out.

Products Offered

The platform offers commission-free trading on stocks, options, and ETFs for users in the US and has no account minimums. Users can utilize margin and also trade OTCs and ADRs.

Markets Traded

It's also important to note that moomoo offers global investing opportunities. Users have access to not only US markets, but the Hong Kong and China A-shares markets as well — all from one account with low fees in the international market trading and instant currency exchange within the app.

Platforms Available

With both mobile trading and a desktop platform that boasts an Open API to incorporate into your own trading setup, moomoo allows traders to stay on top of their portfolio when, where, and how they want.

Tools Offered

Moomoo hosts a full suite of advanced features that are all free for users. With an advanced stock screener that includes over 100 indicators or detailed heat maps and heat lists, it's easier for users to find new stocks to trade.

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Images provided are not current and any securities are shown for illustrative purposes only.

Experienced traders can also complete in-depth analyses with 63 technical indicators and 38 charting tools. The system also features advanced technology with AI alerts and market movements.

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Images provided are not current and any securities are shown for illustrative purposes only.

Moomoo offers free level 2 data up to 60 price levels for users as well as 24/7 news articles, research, and videos from over 200 financial media resources with breaking news and moomoo original news.

With articles, in-app courses, and an online support section, there is a host of educational content for traders who are just getting started to experienced investors who want to hone their strategies. Plus, for those who want to get started with options trading, there is a special For Beginners section.

Moomoo users are never alone, as they are part of a global investor community of more than 19 million users from moomoo* and its sister companies. This community is filled with active traders learning and sharing together every day.

*Disclosures: Users as of 6/15/2022

Customer Support

There is also FINRA-licensed, trained customer support available by phone, email, and 24/7 in-app chat.

Educational Resources

Moomoo offers educational resources for beginners but helpful content for more intermediate and advanced traders as well, ensuring that learning opportunities never end.

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Who is moomoo best for?

While moomoo can have a lot of information for traders, who are just getting started, the educational resources that explain the features as well as how to use them for trading make it a great tool for beginners. Plus, with so many advanced tools and features, it truly is built by the pros for the pros.

Features of Robinhood  

Robinhood has become a well-known trading app that allows brand-new investors to get involved in the stock market and begin building their portfolios.

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Images provided are not current and any securities are shown for illustrative purposes only.

Products Offered

When it comes to product offerings, Robinhood allows users to invest in stocks, ETFs, and options with no commission fees and no minimums for their brokerage accounts or Robinhood Gold accounts.

They also offer cryptocurrency trading with a 0% exchange charge fee as well as ADRs and fractional shares. Users can only access margin when they pay for a Robinhood Gold subscription.

Markets Traded

On the Robinhood app, users are able to trade on US stock exchanges, including ADRs from 650 companies worldwide.

Platforms Available

Robinhood is known for having an easy-to-use interface, especially on the mobile app. They also offer a desktop app.

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Images provided are not current and any securities are shown for illustrative purposes only.

Tools Offered

Level 2 quotes, research reports, technical indicators, and drawing tools are available with a Robinhood Gold subscription. The app does offer a newsfeed with articles from financial resources and quick reads called Robinhood snacks.

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Customer Support

Robinhood offers support by email, social media, or placing a request for a call within the app 24/7.

Educational Resources

The online library explores investing and options trading basics. These resources are best for those just getting started who are looking for beginner-level explanations and definitions.

Who is Robinhood best for?

Robinhood is very beginner-friendly, offering an easy-to-use interface and data and tools available with a Gold subscription. With these features, it's better for beginning traders and those looking for a very streamlined experience.

Features of Webull  

Webull is another trading option that is well-known to many newer investors who are taking an active role in their portfolios.

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Images provided are not current and any securities are shown for illustrative purposes only.

Products Offered

Users of Webull are able to trade stocks, ETFs, and options with zero commission fees and no account minimums. ADRs and cryptocurrency trading are also among their offerings.

Markets Traded

Webull allows access to US stocks markets as well as some ADRs.

Platforms Available

Webull offers multiple platforms with mobile app, desktop, and online versions available.

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Images provided are not current and any securities are shown for illustrative purposes only.

Tools Offered

The app does have the benefit of being accessible for new users, while not sacrificing all the features that more advanced traders desire. Webull does offer 54 indicators and 13 charting tools, as well as a stock screener with 25 indicators. While 50 price levels of level 2 data are available, users must subscribe after their original 3-month free trial.

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Images provided are not current and any securities are shown for illustrative purposes only.

Webull also has an online community that allows users to discuss strategies and ideas.

Customer Support

Webull offers 24/7 phone and email support as well as in-app chat.

Educational Resources

Beginner-level education courses for a wide range of topics and paper trading are available on Webull.

Who is Webull best for?

Webull is best for beginner and intermediate traders who want access to technical analysis and online tools.

Robinhood vs. Webull vs. moomoo: how they compare

Overall, Robinhood can be a good stock trading app for brand-new traders who are first getting involved in trading because of the stripped-down experience. Webull may be the option to consider for beginners and more intermediate users with tools and indicators that more advanced traders want and need for their analyses. Moomoo is a great option for serious traders as it offers the full trading experience that experienced traders want to monitor and build their portfolios.

Build a stronger portfolio with moomoo

Choosing the best trading platform for you can seem like a difficult task. For traders of all levels looking for real-time data, advanced charting and indicators, global trading access, and many more benefits, moomoo may be perfect for you.

Sign up today to start experiencing the difference and start trading like a pro.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy.

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