Robinhood vs. moomoo vs. Webull

When it comes to investing, picking the right trading app can make a big difference. Not only will a smooth user experience with all the features you seek streamline your investment process, but also minimal fees can help make the most of your potential profits. 

Some popular investment apps today include Robinhood, moomoo, and Webull. But the right one varies based on your preferences and needs. 

In partnership with moomoo, let’s explore each to give you a better idea of which option might be the best fit for you.

If you’re curious about getting started with moomoo, open and fund an account here to earn a “Magnificent 7” fractional share bundle or 1.5% Cash Reward match ($300 max) on Transfers. Terms & Conditions apply. >> 

Robinhood vs moomoo vs Webull

Each of these investing platforms allows you to invest in stocks, ETFs, and even crypto through ETFs. Of course, each comes with the risk associated with investing your funds in the market. But if you are interested in building an investment portfolio, one of these three platforms could be the right fit. 

We’re going to compare each platform on features, fees, customer experience, and more. Let’s get started.

moomoo

moomoo

moomoo is a popular trading app that allows you to invest in stock, ETFs, and options. They even allow you to easily invest in the Chinese and Hong Kong stock exchanges. 

What sets moomoo apart is their focus on trading. Both stock and option trading are the key features of the app.

Top Features

  • High cash sweep APY: Moomoo currently offers a 5.1% APY through their cash sweep Program.
  • Free access to real-time data: You can tap into data about real-time bids and asks for a wide selection of stocks, without paying for the information. Other perks include information about upcoming IPOs to help you plan ahead.
  • Fractional shares: You can buy fractional shares through moomoo’s platform.
  • Custom stock screener: If you are interested in finding a stock that meets your specific parameters, you can use this tool to filter based on many indicators and dozens of filters to find a stock that may suit your investment goals.
  • No options contract fees: You can skip contract fees on equity options. while index options will be subject to a $0.50 per contract fee. Other fees may apply. For more info, visit moomoo.com/us/pricing

Fees

moomoo offers commission-free investing for U.S. stocks and ETFs. But you will face fees if you trade through the Hong Kong stock market.

Customer Experience

moomoo has the least number of Trustpilot reviews of the three apps we’re comparing, at around 50. It has a rating of 2.9 out of 5 stars as of March 2024. moomoo has also earned at 4.6 out of 5 star ratings in the Apple App Store and Google Play Store, with over 20,000 reviewers. 

All in all, the numbers suggest that moomoo users are enjoying a better experience. 

App Experience

Here’s what the moomoo app looks like when you’re setting up a trade:

moomoo trading screenshot

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

Robinhood

Robinhood

Robinhood was the first commission-free investing app. It was the first company to offer free trading, and it has made it a focus to keep investing as simple as possible. 

Top Features

  • High cash APY reserved for Robinhood Gold: You can earn 1.5% APY on uninvested cash. But if you are a Robinhood Gold member, you can earn 5% on your uninvested cash.
  • Robinhood Retirement: You can earn up to a 1% match for every dollar you contribute toward retirement. But this is a limited-time offer for Robinhood Gold members.
  • Fractional shares: The Robinhood platform supports fractional shares

Fees

Robinhood offers commission-free investing for stocks, ETFs, and options. The company earns money through the subscription-based Robinhood Gold account, which comes with access to things like margin trading. That $5 per month subscription can add up, especially if you don’t have a lot of money invested.

Customer Experience

It’s important to point out that Robinhood has seen a lot of negative press. It even had to pay a $70 million fine to the FINRA. The negative press is accompanied by a 1.3 out of 5-star rating on Trustpilot, with over 3,500 reviewers. Millions have reviewed the company on the Apple App Store, where it earned 4.2 out of 5 stars.

App Experience

Robinhood is known for having the cleanest app interface. This is what the experience looks like:

robinhood trading screenshot

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

For more information, check out our Robinhood review

Webull

Webull

Webull is another app that has focused on stock trading. They were one of the first mobile apps to add a lot of charts and research into the investing process. 

Top Features

Webull’s highlighted features:

  • Trading resources: Webull users can tap into over 50 indicators and 20 charting tools to help you manage your portfolio. With a robust amount of information at your fingertips, you can make more informed trading decisions.
  • Fractional shares: Webull supports fractional shares on its platform. 
  • No options contract fees: There are no contract fees for trading stock and ETF options on Webull. 

Fees

Webull also offers commission-free trades for stocks. But you’ll pay a 1% point spread on both sides of a crypto trade.

Customer Experience

Webull has a 1.5 out of 5 star Trustpilot rating, with less than 200 reviewers. But app reviews are much higher. It earned 4.3 out of 5 stars in the Google Play Store, with over 188,000 reviews. And 4.7 out of 5 stars in the Apple App Store, with over 297,000 reviews. 

App Experience

Here is what the app experience on Webull is like:

webull trading screenshot

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

Learn more in our Webull review

Robinhood vs moomoo vs Webull: Which Is Best For You?

Robinhood’s straightforward platform could be the right fit for beginners. Although you have access to some market information, it’s not as robust as what moomoo or Webull has to offer. 

Moomoo shines by offering a 5.1% APY cash sweep and access to the Hong Kong market. Moomoo users can tap into an extensive array of free resources to stay on top of their portfolio and make trades with affordable fees. along the way.

Check out moomoo here and get started >>

The Bottom Line

Robinhood, moomoo, and Webull each have pros and cons. As an investor, you’ll have to decide which option best suits your needs.

If you’re not sure where to start, consider giving moomoo a shot. You’ll at least earn 5.1% APY on your uninvested cash, and can get a “Mag 7” fractional share bundle for deposits or a 1.5% Cash Reward match ($300 max) on transfers. Terms & Conditions apply.

Check out moomoo here >>

Options trading is risky and not appropriate for everyone. Read the Options Disclosure Document (j.us.moomoo.com/00xBBz) before trading. Options are complex and you may quickly lose the entire investment. Supporting docs for any claims will be furnished upon request. 

Moomoo is a financial information and trading 

app offered by Moomoo Technologies Inc. Securities are offered through Moomoo Financial Inc., Member FINRA/SIPC. The creator is a paid influencer and is not affiliated with Moomoo Financial Inc. (MFI), Moomoo Technologies Inc. (MTI) or any other affiliate of them. Any comments or opinions provided by the influencer are their own and not necessarily the views of moomoo. Moomoo and its affiliates do not endorse any trading strategies that may be discussed or promoted herein and are not responsible for any services provided by the influencer. This advertisement is for informational and educational purposes only and is not investment advice or a recommendation to engage in any investment or financial strategy. Investing involves risk and the potential to lose principal. 

Investment and financial decisions should always be made based on your specific financial needs, objectives, goals, time horizon and risk tolerance. Any illustrations, scenarios, or specific securities referenced herein are strictly for educational and illustrative purposes and is not a recommendation. Past performance does not guarantee future results.