Online brokers compared for fees, trading platforms, safety and more. See how moomoo stacks up against Zacks Trade!
Last update of data—Dec 2021
MooMoo is a US-based zero-commission broker. It is overseen by the SEC and FINRA, both of which are top-tier regulators.
Zacks Trade is a US discount broker that also allows international clients to open an account. Zacks Trade is a division of LBMZ Securities, which is regulated by SEC and FINRA. Customers are protected by the SIPC scheme, up to $500,000 (including a $250,000 limit for cash).
Recommended for investors and traders looking for zero-commission trading and focusing on US markets..
Recommended for traders and investors looking for comprehensive research tools, a wide product selection and low fees.
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..
Zacks Trade
Zacks Trade is a US discount broker that also allows international clients to open an account. Zacks Trade is a division of LBMZ Securities, which is regulated by SEC and FINRA. Customers are protected by the SIPC scheme, up to $500,000 (including a $250,000 limit for cash).
Recommended for traders and investors looking for comprehensive research tools, a wide product selection and low fees.
moomoo's service is on par with Zacks Trade's and a comparison of their fees shows that moomoo's fees are slightly lower than Zacks Trade's.
Account opening takes less effort at moomoo compared to Zacks Trade, deposit and withdrawal processes are more complicated at moomoo, while customer service quality is somewhat better than Zacks Trade's.
Our experts rated the trading platform of moomoo as somewhat better than the platform of Zacks Trade, found that clients have access to less markets and products with moomoo, while Zacks Trade provides somewhat lower-quality research and education.
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