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Moomoo vs Acorns

Moomoo is a low-cost way to trade US, HK, and Chinese assets with advanced research tools. How does it compare to Acorns? Read our comparison chart below.

 MoomooAcorns
 Visit SiteVisit Site
 

Moomoo

Acorns

SPECIAL OFFER
Welcome Bonus - Up to 8.1% APY - Learn More

Read Moomoo Review

SPECIAL OFFER
$20 Investment Bonus - Learn More

Read Acorns Review

 

Benefits and Features

Savings 
No
Stock Trading$0 commission on US stocks and ETFsPart of service fee. No add-on trading fees.
Options Trading$0 for US Options;
$0.50 per contract for Index Options
No
Annual Fee
None
  • Acorns Personal ($3/mo) - includes personal taxable account, IRA, and checking account
  • Acorns Personal Plus ($5/mo) - includes everything in Personal, emergency fund, and 25% match on rewards
  • Acorns Premium ($9/mo) - includes everything in Personal Plus, investment accounts for kids, 50% match on rewards, custom portfolio, Trust & Will, $10K Life Insurance, and free GoHenry account
Cryptocurrency Trading
No
No
Minimum Deposit
$0
$0
Checking 
Yes
Mutual Fund Trading
No
No
Commission Free ETFs
3,030 US-listed ETFs
A selection automatically chosen by Acorns
Phone Support+1 888 721 0610
(Trading days: 8:30 - 16:30 ET)
Yes
Live Chat Support
Yes
No
Email Support
Yes (cs@us.moomoo.com)
Yes
Human Advisors
No
No
Robo Advisor
No
Yes
Assets Under ManagementTotal client assets of HK$468.1 billion as 09/30/2023
$4.7 Billion
Penny Stocks
Yes
 
Tax Loss Harvesting
No
No
Goal Tracker
No
Yes
Automatic Deposits
No
Yes
Broker Assisted Trades
Not available
Acorns automatically invest and trade for you
Good ForTraders looking for access to Hong Kong and Chinese assetsBeginners; Passive investors; Those who have trouble saving/investing on their own
Inactivity Fee
$0
None, but you will keep paying the monthly fee
Maintenance Fee
$0
Monthly fee for the service
Online Platform
Yes
Yes
iPhone App
Yes (4.6 stars, 19k ratings)
Yes (4.7 stars, 760k ratings)
Android App
Yes (4.6 stars, 18k ratings)
Yes (4.3 stars, 156k ratings)
Banking
No
Included in Acorns Personal ($3/mo). Free metal debit card, no minimum balance, no overdraft fees, and 55,000+ fee-free ATMs nationwide.
Mobile App
Yes
Yes
Desktop App
Yes
 
Two-Factor Authentication
SMS
Yes
Forex Trading
No
 
Futures Trading
No
 
Bond Trading
No
 
CFD Trading
No
 
Currency Trading
No
 
Customer ServiceLive Chat (24 hours);
Phone: +1-888-721-0610 (Trading day: 08:30AM - 04:30PM EST);
Email: cs@us.moomoo.com
 
Locations
Online only
No
Online Community
Yes
No
Seminars
Yes
No
Trading Platform
Desktop, Mobile Apps
 
Virtual TradingYes. Virtual account for each market with 1 million (USD/HKD/CNY/SGD/CAD) in each account
No
Fractional Shares
Yes
Yes
Taxable Accounts
Yes
Yes
401k Plans
No
No
IRA Accounts
No
Yes
Roth IRA Accounts
No
Yes
SEP IRA Accounts
No
Yes
Trust Accounts
No
No
529 Plans
No
No
 

CreditDonkey® Reviews

 MoomooAcorns
Stock TradingStarStarStarStarStar
Options TradingStarStarStarStarStar
Minimum DepositStarStarStarStarStarStarStarStarStarStar
Mobile AppStarStarStarStarHalf StarStarStarStarStarHalf Star
Commissions and FeesStarStarStarStarStar
Customer ServiceStarStarStarEmpty StarEmpty StarStarStarStarEmpty StarEmpty Star
Ease of UseStarStarStarStarEmpty StarStarStarStarStarStar
ResearchStarStarStarStarEmpty Star
Annual FeeStarStarStarEmpty StarEmpty Star
Pros & ConsPros:
  • Commission-free trading
  • Free paper trading
  • Access to Hong Kong and Chinese investments
Cons:
  • May be overwhelming for beginners
  • No forex, bonds, mutual funds, or crypto
Pros:
  • No minimum to open account
  • Invest with spare change
  • Cash-back program
Cons:
  • Fees are high for small balances
  • No tax benefits
  • Limited investment options
Bottom LineLow-cost way to trade US, HK, and Chinese assets with advanced research tools... Read full reviewInvestment app that automatically invests your spare change. Good for young investors to get into the habit... Read full review
 Visit SiteVisit Site

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Moomoo: Pricing information from published website as of 05/03/2024.

Acorns: Pricing information from published website as of 09/28/2020.

Moomoo

Welcome Bonus - Up to 8.1% APY

Open a new MFI account and enroll in the Cash Sweep Program to earn up to 8.1% APY on uninvested cash. New customers will get a base rate of 5.1% APY and one additional 3% APY booster coupon after opening an account. The 3% APY booster rate will be effective for 3 months (90 days) after activation. APY booster coupon must be activated within 12 months. Booster rate will only apply to the initial $20,000 in the Cash Sweep Program. Terms and conditions apply.

Expires 7/31/2024
Moomoo

Transfer and Get 1.5% Match Bonus

Get a 1.5% match bonus on your first transfer to your MFI account. The match amount is limited to the first $1 to $20,000 transferred into the account. Eligible assets should be from the following broker-dealers: Robinhood, Webull, TD Ameritrade (including thinkorswim), Interactive Brokers, Fidelity, E*TRADE, Cash App, Charles Schwab, Ally Invest, Firstrade, or Merrill Lynch to qualify for the cash rewards. Cash rewards will depend on the value of eligible assets transferred during the offer period. This offer is available to new and existing customers who have not made a deposit nor an ACAT Transfer before May 29, 2024 04:00 ET and who will or are planning to make an ACAT Transfer during the duration of the offer. Terms and conditions apply.

Expires 7/31/2024
Moomoo

Deposit and Get 15 Free Stocks

Make a net deposit of $1,000 or more to receive 15 draws, each for a free stock worth $2 - $2,000 each. Maintain average assets totaling $1,000 or more for 60 days to unlock the free stocks.

This offer is available to new and existing customers who have not made a deposit nor an ACAT Transfer before May 29, 2024 04:00 ET and who will or are planning to make an ACAT Transfer during the duration of the offer. Terms and conditions apply.

Expires 7/31/2024
Acorns

$20 Investment Bonus

  • Open an Acorns account (new users only)
  • Set up the Recurring Investments feature
  • Have your first investment be made successfully via the Recurring Investments feature

Which is Better: Moomoo or Acorns?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Moomoo or Robinhood.

In short: Acorns' ease of use is outstanding.


Articles on Moomoo

Moomoo Review

Moomoo can help you invest your money in U.S. and international markets. But will it suit the way you like to trade?

Articles on Acorns

Acorns Investing

Acorns automatically invests your spare change. But can it help make you money? Find out if this app is safe and legit.

Apps Like Acorns

Acorns is one of the best micro-investing apps out there. But is it for everyone? Read on to see some of your alternatives.

Is Acorns Legit or Safe

Acorns lets you invest spare change from every purchase. But is it safe to use? Learn just how secure the micro-investing app is.

How to Make Money Using Acorns

Acorns "rounds up" everyday purchases and invests it for you. What's the catch? Read this review to find out how to make money using the app.

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