Moomoo vs OANDA

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

	Moomoo	OANDA

	Visit Site	Visit Site
	SPECIAL OFFER Deposit $50,000, get $1,000 in NVDA stock + 8.1% APY on uninvested cash - Learn More Read Moomoo Review	SPECIAL OFFER Earn Cash Rebates of up to $17 per Million - Learn More Read OANDA Review
	Benefits and Features
Stock Trading	$0 commission on US stocks and ETFs	No
Options Trading	$0 for US Options; $0.50 per contract for Index Options	No
Annual Fee	None
Cryptocurrency Trading	Yes
Minimum Deposit	$0	$0
Mutual Fund Trading	No	No
Commission Free ETFs	3,030 US-listed ETFs	Not available
Phone Support	+1 888 721 0610 (Trading days: 8:30 - 16:30 ET)
Live Chat Support	Yes	Yes
Email Support	Yes (cs@us.moomoo.com)
Human Advisors	No
Robo Advisor	No
Assets Under Management	Total client assets of HK$468.1 billion as 09/30/2023
Penny Stocks	Yes	Not available
Tax Loss Harvesting	No
Goal Tracker	No
Automatic Deposits	No
Broker Assisted Trades	Not available	Not available
Good For	Traders looking for access to Hong Kong and Chinese assets
Inactivity Fee	$0	$10/month
Maintenance Fee	$0	None
Online Platform	Yes	Yes
iPhone App	Yes (4.6 stars, 19k ratings)
Android App	Yes (4.6 stars, 18k ratings)
Banking	No	No
Mobile App	Yes	Yes
Desktop App	Yes	Yes (fxTrade)
Two-Factor Authentication	SMS
Forex Trading	No	Yes
Futures Trading	No	No
Bond Trading	No	No
CFD Trading	No	Yes (CFD trading is not permitted in the US)
Currency Trading	No	Yes
Customer Service	Live Chat (24 hours); Phone: +1-888-721-0610 (Trading day: 08:30AM - 04:30PM EST); Email: cs@us.moomoo.com	Local number +1 212 858 7690; Toll-free number 1 877 OANDA FX (1 877 626 3239) Sunday 4PM ET to Friday 6PM ET
Locations	Online only	Online only
Online Community	Yes	Yes
Seminars	Yes	Yes
Trading Platform	Desktop, Mobile Apps	OANDA Web, OANDA Mobile, TradingVIew, MetaTrader4
Virtual Trading	Yes. Virtual account for each market with 1 million (USD/HKD/CNY/SGD/CAD) in each account	Yes
Fractional Shares	Yes
Taxable Accounts	Yes
401k Plans	No
IRA Accounts	No
Roth IRA Accounts	No
SEP IRA Accounts	No
Trust Accounts	No
529 Plans	No
	CreditDonkey® Reviews

Stock Trading
Options Trading
Minimum Deposit
Mobile App
Commissions and Fees
Customer Service
Ease of Use
Research
Spread
Education
Forex Trading
Trading Platform
Trustworthy
Pros & Cons	Pros: Commission-free trading Free paper trading Access to Hong Kong and Chinese investments Cons: May be overwhelming for beginners No forex, bonds or mutual funds	Pros: $0 minimum Exceptional customer service User-friendly platform Cons: Only 1:50 leverage Slow withdrawal processing Incomprehensive educational videos
Bottom Line	Low-cost way to trade US, HK, and Chinese assets with advanced research tools... Read full review	Regulated forex broker with no minimum deposit... Read full review
	Visit Site	Visit Site
	Deposit $50,000, get $1,000 in NVDA stock + 8.1% APY on uninvested cash Deposit $10,000, get $300 in NVDA stock + 8.1% APY on uninvested cash Deposit $2,000, get $50 in NVDA stock + 8.1% APY on uninvested cash	Earn Cash Rebates of up to $17 per Million Reduce Trading Cost by Up to 34% with Cash Rebates Open a Forex Account
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. OANDA: Information sourced from the published website as of 04/22/2024. OANDA: OANDA Corporation is regulated by the CFTC/NFA. OANDA is a member Firm of the NFA (Member ID: 0325821). CFDs are not available to residents in the United States. Affiliate receives a commission for accounts opened through the link on this page OANDA CORPORATION IS A MEMBER OF NFA AND IS SUBJECT TO NFA'S REGULATORY OVERSIGHT AND EXAMINATIONS. HOWEVER, YOU SHOULD BE AWARE THAT NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY OVER UNDERLYING OR SPOT VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS OR MARKETS Trading in digital assets, including cryptocurrencies, is especially risky and is only for individuals with a high risk tolerance and the financial ability to sustain losses. OANDA Corporation is not party to any transactions in digital assets and does not custody digital assets on your behalf. All digital asset transactions occur on the Paxos Trust Company exchange. Any positions in digital assets are custodied solely with Paxos and held in an account in your name outside of OANDA Corporation. Digital assets held with Paxos are not protected by SIPC. Paxos is not an NFA member and is not subject to the NFA's regulatory oversight and examinations. Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. You may lose more than you invest. Information on this website is general in nature. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. Trading through an online platform carries additional risks.