Compare moomoo vs Questrade


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

moomoo vs Questrade
overall rating
4.5
4.6
overall pros
  • Free stocks, ETFs and options
  • Fast and easy account opening
  • Quality analytical tools
  • Low stock and ETF fees
  • Solid research tools
  • Superb customer service
overall cons
  • Limited product portfolio
  • Only bank transfer for deposit/withdrawal
  • No live chat or telephone support
  • Slow account opening for non-Canadians
  • High withdrawal fee for non-Canadians
  • Limited account base currencies
fees
4.7
  • Commission-free stocks, ETFs, and options
  • No inactivity fee
  • High margin rates
3.8
  • Low non-trading fees
  • Low stock and ETF fees / Free stock trading
  • Low fund fees
  • High margin rates
account opening
4.4
  • Fully digital
  • No minimum deposit
  • Fast
  • Available only in the US and Singapore
3.8
  • Fast
  • Fully digital
  • User-friendly
  • Minimum deposit is higher than $500
  • Complicated for non-Canadians
deposit and withdrawal
1.9
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Only one account base currency
  • High wire withdrawal fee
2.7
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Slow withdrawal - over 3 days
  • High fee for wire withdrawals
  • Non-Visa debit card not available
web trading platform
3.8
  • User-friendly
  • Good variety of order types
  • Price alerts
  • No clear fee report available
  • Limited customizability (for charts, workspace)
mobile trading platform
4.5
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
  • No Touch/Face ID login
4.8
  • User-friendly
  • Two-step (safer) login
  • Good variety of order types
desktop trading platform
4.5
  • User-friendly
  • Clear fee report
  • Good customizability (for charts, workspace)
  • No two-step (safer) login
4.3
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No clear fee report available
markets and products
2.1
  • Stock
  • ETF
  • Options
4.2
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • CFD
research
5.0
  • Good interactive chart
  • Data on asset fundamentals
  • Good set of analytical tools
4.8
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Live data only available for paid subscription
customer service
1.5
  • Good email support
  • No phone support
  • No live chat
  • No 24/7 support
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
2.0
  • Demo account
  • Educational texts
  • No trading platform tutorial videos
  • No educational videos
  • No webinars
4.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Educational section is hard to navigate
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Parent company listed on stock exchange
  • No negative balance protection
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • CAD 10 million per account additional insurance
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
recommended for Investors and traders looking for zero-commission trading and focusing on US markets. Traders and investors focusing on the Canadian and US markets
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