Moomoo and TradeUp are both commission-free brokers, but they have some differences in their features, markets they offer access to, and customer support options. Moomoo provides more advanced features, such as comprehensive charting and research tools, Level 2 market data, and a paper trading platform. In comparison, TradeUp offers more basic charting tools and does not have a paper trading feature.
Both platforms offer margin trading, with interest rates that vary depending on account balance. While Moomoo provides access to the US, Hong Kong, and China markets, TradeUp offers access to the US and Hong Kong markets only. In terms of customer support, Moomoo offers live chat and email support, while TradeUp provides phone and email support.
| Feature | Moomoo | TradeUP |
|---|---|---|
| Margin Rate | 6.80% and Up | 1.99% and Up |
| Trading Fees | $0 commission for US stocks, ETFs, and options. Futures trading fees vary. | $0 commission for US stocks, ETFs, and options. |
| Market Cap | $6.8 billion (NASDAQ:FUTU) | $480 million (NASDAQ:TIGR) |
| Mobile App | Available for iOS and Android | Available for iOS and Android |
| Investment Options | Stocks, ETFs, options, ADRs, and futures | Stocks, ETFs, options, and cryptocurrencies |
| Customer Support | 24/7 live chat and phone support | Email support and in-app messaging |
| Securities Lending Income | Up to 50% of the revenue from lending out securities | N/A |
| Research and Analysis Tools | In-app research and analysis tools, including news and market data | In-app research and analysis tools, including news and market data |
| Cryptocurrency Trading | Not available | Not available |
| Education and Learning Resources | In-app educational materials, including video lessons and webinars | In-app educational materials, including video lessons and webinars |
| Trading Platform | Web and mobile app | Web and mobile app |
| Minimum Deposit | No minimum deposit required | No minimum deposit required |
| Cash Management | Moomoo Cash Management offers a high yield savings account, debit card, and ATM fee rebates | TradeUP Cash Management offers a high yield savings account, debit card, and ATM fee rebates |
| New Customer Offers | Upto 18 FREE Stocks | Upto $1,570 Worth of FREE Stocks |
Data as of March 27, 2023
- Features:
- Moomoo:
- Pre-market and after-hours trading
- Advanced charting and research tools
- Level 2 market data
- Social community and news feed
- Access to global markets (including the US, Hong Kong, and China)
- Paper trading (simulation) platform
- TradeUp:
- Pre-market and after-hours trading
- Basic charting tools
- Real-time quotes and market data
- News and research
- Access to US and Hong Kong markets
- No paper trading
- Moomoo:
- Margin rate:
- Moomoo: Offers margin trading with interest rates that vary depending on the account balance. For the most up-to-date rates, check their website.
- TradeUp: Offers margin trading with interest rates that vary depending on the account balance. For the most current rates, check their website.
- Trading fees:
- Moomoo: Offers commission-free trading for US stocks, ETFs, and options. There may be fees for other markets or additional services.
- TradeUp: Offers commission-free trading for US stocks and ETFs. There may be fees for other markets or additional services.
- Market cap:
- Moomoo: As a privately-held company, Moomoo’s market cap is not publicly disclosed.
- TradeUp: As a privately-held company, TradeUp’s market cap is not publicly disclosed.
- Account minimums:
- Moomoo: No account minimum for US clients.
- TradeUp: No account minimum for US clients.
- Customer support:
- Moomoo: Offers customer support via email and live chat.
- TradeUp: Provides customer support via email and phone.