Broker comparison

Firstrade vs.
moomoo

Which broker fits your needs?

Platforms, products and fees side by side.

Checked on 22 October 2026

See comparison

Summary

Your goal decides

moomoo has a higher rating of 4.1/5 compared to Firstrade (4/5). Firstrade offers 5 instrument types, while moomoo offers 4. Oversight: Firstrade: SEC/FINRA; moomoo: SEC/FINRA/MAS. Firstrade: Yes, commission-free. moomoo: Yes, from $0 commission. Firstrade has been in the market since 1985, making it the more experienced provider.

Commission-free US broker with options trading since 1985

Data-driven trading platform with pro-level tools at zero cost

At a glance

The key differences

Criterion
PlatformsFirstrade Web, Firstrade Appmoomoo Desktop, moomoo App
Product typesStocks, Options, ETFs, Mutual Funds, BondsStocks, Options, ETFs, ADRs
Options tradingYes, commission-freeYes, from $0 commission
Fee model$0 commission on stocks, ETFs and options$0 commission on US stocks and ETFs
Minimum deposit0 $0 $
RegulationSEC/FINRASEC/FINRA/MAS
More informationDetailsDetails

Platforms

Firstrade

Firstrade Web, Firstrade App

moomoo

moomoo Desktop, moomoo App

Product types

Firstrade

Stocks, Options, ETFs, Mutual Funds, Bonds

moomoo

Stocks, Options, ETFs, ADRs

Options trading

Firstrade

Yes, commission-free

moomoo

Yes, from $0 commission

Fee model

Firstrade

$0 commission on stocks, ETFs and options

moomoo

$0 commission on US stocks and ETFs

Minimum deposit

Firstrade

0 $

moomoo

0 $

Regulation

Firstrade

SEC/FINRA

moomoo

SEC/FINRA/MAS

More information

Firstrade

Details

moomoo

Details

Product access and costs depend on market, account and permissions.

Detailed comparison

Comparing fees

Compare total costs, not just the order fee.

$0 commission on stocks, ETFs and options

Published fee
$0 commission on stocks, ETFs and options
Minimum deposit
0 $
See terms at provider

$0 commission on US stocks and ETFs

Published fee
$0 commission on US stocks and ETFs
Minimum deposit
0 $
See terms at provider

The relevant costs depend on market, currency, order size and trading style.

Worked out

What does it actually cost?

Typical months at Firstrade and moomoo, priced from their published fee schedules. Spreads, FX and exchange fees come on top depending on the venue.

ScenarioFirstrademoomoo
ETF savings plan, ≈ €200 a monthUS$0$0 online ETF commission (≈ $230 buy); $0 × 1US$0ETF commission $0, platform fee $0 (promotion since 2018, may end on 30 days' notice)
10 stock buys of ≈ €1,000 a monthUS$0$0 online US stock commission × 10 ordersUS$0US stocks: $0 commission + $0 platform fee (promotion) × 10; SEC/CAT pass-throughs only
10 US option contracts a monthUS$0$0 commission and $0 contract fee × 10 (ORF $0.02/contract excluded)US$0Equity/ETF options: $0 commission, $0 contract fee × 10; OCC/ORF/CAT passed through
One BTC purchase of ≈ €1,000—Crypto fee not confirmed on the official pricing pageUS$5.640.49% transaction fee × $1,150 (Moomoo Crypto Inc.); any spread not included
Custody and account fee per yearUS$0No account maintenance or inactivity feeUS$0No custody, account or inactivity fee in the US fee schedule

Checked on 22 October 2026. Prices can change; the current fee schedule is what counts. Sources: firstrade.com · help.en-us.firstrade.com · moomoo.com

Execution quality

Order type, venue and liquidity affect execution.

Check the provider’s execution policy and available order types for your account.

Provider information

Check the provider’s execution policy and available order types for your account.

Provider information

Product range

StocksOptionsETFsMutual FundsBonds
StocksOptionsETFsADRs

Categories come from broker profiles. Check specific markets and permissions before deciding.

Trading platforms

Firstrade Web · Firstrade App

Firstrade offers its own web platform and mobile app with basic charting features, options chain view, real-time quotes, and an integrated screener for stocks and ETFs. The platform is intentionally kept simple and tailored to long-term investors. Options traders can create multi-leg strategies through the options chain feature. Research tools include Morningstar ratings and basic fundamental analyses.

Explore platform

moomoo Desktop · moomoo App

moomoo offers a powerful desktop platform and mobile app with professional charting tools, over 60 technical indicators, Level 2 market depth, and real-time data streams. The platform integrates institutional trading flows, analyst ratings, and insider transactions. The options chain view provides visual profit/loss diagrams and volatility analyses. All tools are free and available without additional subscriptions.

Explore platform

Regulation & security

Firstrade

Firstrade Securities Inc. (clearing: Apex Clearing)

Supervisor
SEC / FINRA
Investor compensation
SIPC member: up to $500,000 per customer (max. $250,000 cash) if the broker fails; no cover for market losses
Cash
Uninvested cash in the account: SIPC up to $250,000

moomoo

Moomoo Financial Inc. (securities); crypto via Moomoo Crypto Inc.

Investor compensation
Moomoo Financial Inc. is a SIPC member: up to $500,000 (incl. $250,000 cash). Crypto is not SIPC-protected.
Cash
Cash in the securities account: SIPC up to $250,000 (within $500,000). Crypto balances are not FDIC or SIPC protected.

Regulation does not protect against market losses. What counts is the entity you sign the contract with.

Your investor profile

Who might it suit?

Commission-free US broker with options trading since 1985

  • Completely commission-free trading
  • Over 35 years of experience
  • No minimum deposit
  • Less advanced platform
  • Limited research tools

Data-driven trading platform with pro-level tools at zero cost

  • Commission-free trading
  • Extensive real-time market data
  • Professional analysis tools
  • Relatively new broker
  • Limited product range (no futures)

Find the broker that fits

Firstrade oder moomoo?

Side by side. Decided with knowledge.

See the differences that matter, and the Academy lessons that explain them.

VS
  • Fees
  • Platform
  • Regulation
  • Matching lessons
Two brokers. Many options. Your call.
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Your questions

Frequently asked questions

How do fees differ between Firstrade and moomoo?
Firstrade: $0 commission on stocks, ETFs and options. moomoo: $0 commission on US stocks and ETFs. Compare total costs for the specific market, product, currency and order size in the current fee schedule.
Which broker offers more products: Firstrade or moomoo?
Firstrade offers Stocks, Options, ETFs, Mutual Funds, Bonds. moomoo offers Stocks, Options, ETFs, ADRs.
How are Firstrade and moomoo regulated?
The broker profiles list SEC/FINRA for Firstrade and SEC/FINRA/MAS for moomoo. Your account's contracting entity determines the applicable oversight and protection rules; check its current disclosures.
Is Firstrade or moomoo better for beginners?
Firstrade lists a 0 $ minimum deposit and offers Firstrade Web, Firstrade App. moomoo lists 0 $ and offers moomoo Desktop, moomoo App. Compare usability, available products and costs for your intended use.
Firstrade vs moomoo: Which broker is better overall?
The choice between Firstrade (4/5, 600 reviews) and moomoo (4.1/5, 900 reviews) depends on your needs. Firstrade: Commission-free US broker with options trading since 1985. moomoo: Data-driven trading platform with pro-level tools at zero cost.

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