Charles Schwab vs moomoo compared

Online brokers compared for fees, trading platforms, safety and more. See how Charles Schwab stacks up against moomoo!

Charles Schwab
moomoo
Charles Schwab
4.7
moomoo
4.7

Last update of dataDec 2021

Charles Schwab

Charles Schwab is a US discount broker, regulated by top-tier US authorities the SEC and FINRA. The company is listed on the New York Stock Exchange and holds a banking license.

Recommended for investors and traders looking for solid research, low fees and great customer service.

moomoo

MooMoo is a US-based zero-commission broker. It is overseen by the SEC and FINRA, both of which are top-tier regulators.

Recommended for investors and traders looking for zero-commission trading and focusing on US markets..

Charles Schwab's service is on par with moomoo's and a comparison of their fees shows that Charles Schwab's fees are slightly higher than moomoo's.

Account opening takes about the same effort at Charles Schwab compared to moomoo, deposit and withdrawal processes are about the same quality at Charles Schwab, while customer service quality is similar to moomoo's.

Our experts rated the trading platform of Charles Schwab as being of the same quality as the platform of moomoo, found that clients have access to slightly more markets and products with Charles Schwab, while moomoo provides somewhat better research and education.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Basic data of broker

Overall Score
4.7

Recommended for Investors and traders looking for solid research, low fees and great customer service

Overall Score
4.7

Recommended for Investors and traders looking for zero-commission trading and focusing on US markets.

Country of origin

USA

Country of origin

USA

Fees

Fees score
4.3
Fees score
4.7
Fees summary

Low trading and non-trading fees, high fund fees

Fees summary

Low trading and non-trading fees

Stock and ETF fees

Forex fees

Fund fees

Bond fees

Options fees

Futures fees

CFD fees

Non-trading fees

Deposit and withdrawal

Deposit and withdrawal score
2.2
Deposit and withdrawal score
1.9
Number of base currencies

1

Number of base currencies

1

Deposit type

Withdrawal type

Account opening

Account opening score
4.3
Account opening score
4.2
Account opening fully online
Account opening fully online
Minimum deposit
*

$0

*
Minimum deposit
*

$0

*
Time to open account

1 day

Time to open account

1-3 days

Required documents

Proof of identity: SSN and national ID / passport / driver's license Proof of residency: bank statement / utility bill

Required documents

Proof of identity: social security number Proof of residency: bank statement / utility bill / rental statement

Trading platform

Web platform score
4.3
Web platform score
-
Mobile platform score
4.2
Mobile platform score
4.5
Desktop platform score
4.0
Desktop platform score
4.5

Markets and products

Markets and products score
3.0
Markets and products score
2.3
Stocks
Stocks
Fractional shares
*
*
Fractional shares
ETFs
ETFs
Forex
Forex
Funds
Funds
Bonds
Bonds
Options
Options
Futures
Futures
Crypto
*
*
Crypto
CFDs
CFDs

Research, education

Research score
4.2
Research score
5.0
Charting quality

Great

Charting quality

Great

Education score
4.5
Education score
5.0
Demo account
Demo account

Customer service

Customer service score
5.0
Customer service score
5.0
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

$500,000 (securities up to $500,000, cash up to $250,000)

Investor protection amount

$500,000 (securities up to $500,000, cash up to $250,000)

Banking background
Banking background
Listed on stock exchange
Listed on stock exchange
Foundation date

1971

Foundation date

2018

Country of regulation

USA, UK, Hong Kong, Singapore

Country of regulation

USA, Singapore

Charles Schwab

For detailed information and hands-on experience, read our review of this broker.

moomoo

For detailed information and hands-on experience, read our review of this broker.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

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