Moomoo vs Webull Singapore Which is Better Overall Stock Brokerage for SG,US & HK Stocks?
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Moomoo and Webull Singapore are two of the most popular online brokerage investment apps in Singapore. While both offer similar features, they have their differences as well.
Here’s a closer look at each platform to help you decide which one is right for you.
Moomoo vs. Webull Singapore At A Glance
- Moomoo is most suitable for both beginner and experienced investors and traders looking for the cheapest way to invest in both the local Singapore and international United States and Hong Kong market.
- Webull is the most comprehensive investing App for active traders and beginner to intermediate investors looking to invest in the United States market.
- Both online trading platforms offers Cash Management Account (CMA). Webull is suitable for beginner traders in the US market and Moomoo is a better choice for both beginner and advanced investors and traders.
Moomoo vs Webull Singapore Overview
What is Moomoo Singapore?
Minimum investment: $0
Stock/ETF Commission Fees: $0 for US, 0.03% for SG, HK
Options Fees: $0.65 Per Contract
Markets: United States, Hong Kong, China, Singapore
Suitable For: Beginner and Experience investors looking to invest in both locally and internationally.
Moomoo SG is the first global digital brokerage in Singapore who is also SGX Group member with full membership across securities and derivatives markets.
Moomoo Singapore is a wholly-owned subsidiary of Futu Holdings Ltd. which started operation in 2011 and was officially introduced to Singapore in 2020.
Like Webull, Moomoo offers one of the lowest fees amount all online broker that operates in Singapore.
- In 2021, Moomoo SG become the first global digital brokerage in Singapore that offer lifetime $0 commission on US stocks for all.
- Today, Moomoo SG have access to U.S., Hong Kong, China (H-Share) and Singapore stock markets,
Moomoo is trusted by over 3 million registered clients and is named as the Top Brokers for Stock Futures & Options and Weekly Index Options.
What is Webull Singapore?
Minimum investment: $0
Stock/ETF Commission Fees: $0 & 0.025% thereafter for US, 0.03% for HK, 0.025% for SG
Options Fees: $0.55 Per Contract
Markets: United States, Hong Kong and Singapore
Suitable For: Beginner and Experience investors or trader looking to invest both locally and internationally.
Webull Securities (Singapore) Pte. Ltd. is a licensed online broker regulated by the Monetary Authority of Singapore (MAS).
Webull SG is based in the United States, and like Moomoo, Webull SG offers one of the lowest fees amount all online broker that operates in Singapore.
- Webull starts its operation in Singapore in 2021 and offers low fee option for investors and traders.
- Webull SG have access to SG, U.S. and Hong Kong stock market.
- In 2024, Webull SG offers access to Singapore stock market.
Webull is a growing online brokerage in Singapore that is growing rapidly gaining more users each day.
Personally, I use both Moomoo Singapore and Webull Singapore online brokerage platform for my investment. While I was a long time user of Moomoo Singapore, I am always in search of the best online brokerage platform to invest my money, and Webull Singapore shows to be having a great potential as a competitor. This will be an honest review as an user of both platforms where I look at how Moomoo Singapore and Webull Singapore performs according to the most important criteria as an investor who invest in both local and international market.
Moomoo vs Webull Singapore Key Features
Moomoo and Webull Singapore are mobile app-based brokerage platform that are growing rapidly in Singapore due to their low fees and ease-of-use for both beginners and experienced investors.
Both are regulated by the Monetary Authority of Singapore (MAS) holding Capital Markets Services License, meaning both are trustworthy, legitimate online investing platforms backed by MAS per shown in the MAS website.
The purpose of both platforms is to empower investors the ability to quickly access to trade and invest in stocks directly from their phone
By combining technology and an on-the-go trading platform, both platforms transforms the overall trading experience, cutting the cost of investing that traditional brokers normally incur.
Lower cost per trade help customer increase their overall investment returns, both Moomoo and Webull Singapore offer low or next to $0 commission and platforms fees.
| Key Features | Moomoo | Webull |
|---|---|---|
| Minimum investment/ balance | $0.00 | $0.00 |
| Asset classes | Stocks Options/ Futures ETFs Crypto | Stocks Options/ Futures ETFs Mutual Funds |
| Account types available | Brokerage Account Margin Account Paper Trading Account Cash Management Account | Brokerage Account Margin Account Paper Trading Account Cash Management Account |
| Markets | Singapore United States Hong Kong China (H-Share) | Singapore United States Hong Kong China (H-Share) |
| Features | Lifetime $0 Commission-Free Trading (US) Low-Fees Trading (SG, HK, China) Paper Trading 38+ Chart Drawing Tools 63+ Technical Indicators Real-Time Market Data (Free Level 2 Quotes) Real-Time Market News Screener (Stocks, Options, ETFs, Mutual Funds) Announcement/News Calendar Investing Community | Limited time $0 Commission-Free Trading (SG) Low-Fees Trading (US and HK) Paper Trading 19+ Chart Drawing Tools 52+ Technical Indicators Real-Time Market Data (Free Level 1 Quotes) Real-Time Market News Screener (Stocks, Options, ETFs, Mutual Funds) Announcement/News Calendar Investing Community Fractional Shares |
| Platform | Mobile Trading App (iOS, Android) Desktop Trading Platforms | Mobile Trading App (iOS, Android) Desktop Trading Platforms |
| Best for… | People who want invest in multiple internal and local stock market and access to free Level 2 market data | People who want to do fractional shares and trade internationally |
| Exclusive Promotion | Visit Moomoo To Claim Free Stocks + Cashbacks | Visit Webull To Claim Free Stocks |
Note: Data are consolidated, checked for accuracy and ensure outmost reliability by the Author through hours of research into each of the brokerage platforms, the author aims to provide the most accurate data by following strictly according to our editorial guidelines but always do your own due diligence before investing.
Moomoo vs Webull Unique Features
Each of these online trading Apps have their own unique features making them suitable for different investors and traders. Here are some features that deserves mentioning.
What Makes Moomoo Singapore Investing Platform Special?
Moomoo’s unique features includes:
- Real-Time Quotes: Free level 2 market data that offers real-time quotes for US, Singapore, and Hongkong stock market.
- $0 Commission: Lifetime $0 commission for trading in the United States stock market.
- All-In-One: Buy and sell Singapore, US, Hong Kong, and China stock in one single online trading App at low cost.
- News Calendar: Easy to use news calendar where you automate the delivery of related company news (Earnings, Dividend etc.) into your inbox.
- Cash Management Account: Highest interest rate cash management account called the Moomoo cash plus where you can earn up to 5% of your uninvested cash.
Moomoo’s features makes it a top choice for any general investors who wants a low-cost online trading platform for both local and overseas market.
- Extra S$20* FREE Cash Coupon.
- Claim 4 x FREE stock bundle worth S$280* with $10,000 deposit & 8 buy trades.
- Get additional S$260* FREE AAPL stock with $100,000 deposit.
- Earn 31 days 6.8%* p.a. return on idle cash with Moomoo Cash Plus
- Low commission fee for SG and HK stocks, ETFs and options.
- Lifetime $0 commission free* for US stocks.
Moomoo Promo: Low Commission + Free Stock
What Makes Webull Singapore Investing Platform Special?
Webull Singapore’s unique features includes:
- Advance Screener: Screen for stocks, ETFs, mutual fund or options to invest according to your criteria.
- Fractional Share: Offers fractional shares investing when you invest in the United States or Hong Kong stock market.
- Cash Management Account: Good interest rate cash management account called the Moneybull to gain a return on your uninvested cash.
Webull’s features make it a good choice for traders looking to trade a variety of securities in Singapore, The United States and Hong Kong market.
- Claim up to $5,000 FREE Share when you sign up a new account here.
- $0 commission free for US stocks, ETFs, and options.
- 3-Years $0 commission for SG stocks, ETFs, and options.
- Low commission fee for SG, US and HK stocks, ETFs, mutual funds and options.
Webull Promo: Low Commission + Free Stock
Moomoo vs Webull: Available Investment Products
Moomoo and Webull each support investing in stocks, ETFs and options. Both brokerage offers low and even $0 commission on each of their trades making both a great option for investors to use for their day to day trading.
If you are deciding between Moomoo or Webull, both platforms can be a good place to start for new investors, however, there is some slight difference in the investment options available.
Webull don’t offer crypto trading but Webull does offer investing in mutual funds giving investors more options to invest.
Whereas, Moomoo offers cryptocurrency trading. While the number of cryptocurrency available is limited, it still gives the investor a chance to get exposed to the cryptocurrency market.
| Investment Products | Moomoo | Webull |
|---|---|---|
| Stocks | Yes | Yes |
| Options | Yes | Yes |
| Futures | No | No |
| ETFs | Yes | Yes |
| Mutual Funds | No | Yes |
| Crypto Currency | Yes | No |
Moomoo vs Webull: Market
Webull and Moomoo offers trading access to multiple international markets such as the United States and Hong Kong market.
International stock market:
- Moomoo offers lifetime $0 commission for investing in the US with access to HK and China stock market.
- Webull offer limited time $0 commission for both US and Hong Kong market.
Local stock market:
- Moomoo offers low commission for investing locally in Singapore.
- Webull offer low commission for investing locally in Singapore.
Both Moomoo and Webull are very similar in many ways.
However, Moomoo SG have a slight advantage over Webull SG which only offers limited time $0 commission for investing in the US. Moomoo offers lifetime $0 commission for US stocks with low-cost trades in Singapore, Hong Kong and China, making it an all-in-one trading platform for most investors.
| Markets | Moomoo | Webull |
|---|---|---|
| Singapore Stock Exchange (SGX) | Yes | Yes (Added in Jan 2024) |
| United States Stock Exchange (NYSE/ NASDAQ) | Yes | Yes |
| Hong Kong Stock Exchange (HKEX) | Yes | Yes |
| HKEX (China H-Share) | Yes | Yes |
Moomoo vs Webull: Account Types
Moomoo and Webull offer investors to open an account on options trading, margin, cash management account and a normal trading account where you can trade stocks freely on both the mobile app and desktop platform.
Webull and Moomoo are one of the few stock brokers that offers paper trading account, and if you are a new investor, or wanting to try out new investing strategies.
Both brokerage platforms also offers paper trading competitions where you can test out your skills with zero risk.
| Account | Moomoo | Webull |
|---|---|---|
| Brokerage (Stocks) | Yes | Yes |
| Brokerage (Options) | Yes | Yes |
| Margin | Yes | Yes |
| Cash Management | Yes, Moomoo Cash Plus | Yes, Moneybull |
| Paper Trading | Yes, Moomoo Paper Trading | Yes, Webull Paper Trading |
| Robo-Advisor | No | No |
| Credit Card | No | No |
Moomoo vs Webull: Fees
While it is normal for investors to pay small fees to use a brokerage account.
- Moomoo and Webull charges as low as $0 for some trades.
- Traditional brokerage platforms charges as high as $25 per trade or 0.5% of the trade value each time you buy and sell any stocks.
Such low fees helps investor in getting a higher return when they buy and sell stocks on the platform.
Moomoo offers commission-free trading in the US market, and this offer is a lifetime offer making it exceptional even amount online brokerage.
Local Stock Market Trading Fees
| Singapore (SGX) Market | Moomoo SG | Webull Singapore |
|---|---|---|
| Commission Fee | 0.03% transaction amount. Min. S$0.99 per order | 0.025% transaction amount. Min. S$0.80 per order |
| Platform Fee | 0.03% transaction amount. Min. S$0.99 per order | 0.025% transaction amount. Min. S$0.80 per order |
| Custodian Fee | No Custodian Fees | No Custodian Fees |
Singapore Market: Both Moomoo and Webull offers option to buy SGX listed stocks. Webull SG offers a relatively lower fees at 0.025% transaction amount. Min. S$0.80 per order.
International Stock Market Trading Fees
| US Market | Moomoo SG | Webull Singapore |
|---|---|---|
| Commission Fee | US$0 for Lifetime | 0.025% transaction amount. Min. US$0.50 per order |
| Platform Fee | US$0.99 per order | US$0 (Promo Period) |
| Custodian Fee | US$0.01 to $0.05 per share | US$0.01 to $0.03 per share |
| Fractional shares | N.A | 1% of trade value if less than one share; standard US trading fees if more than one share |
US Market: Moomoo offers a better overall deal when investing and trading in the US market, while Webull offers buying of fractional shares.
| Hong Kong Market | Moomoo SG | Webull Singapore |
|---|---|---|
| Commission Fee | 0.03% of the investment amount or HK$3, whichever is higher | 0.03% of the investment amount or HK$12, whichever is higher |
| Platform Fee | HK$15 per order | HK$0 (Promo Period) |
HK and China H-Share Market: Both Moomoo and Webull offers similar fee structure, but Moomoo have an overall advantages in having lower commission fee if you are investing for the long-term. It is relatively lower fees if the amount of share you invest is of lower quantity.
Note: Data are consolidated, checked for accuracy and ensure outmost reliability by the Author through hours of research into each of the brokerage platforms, the author aims to provide the most accurate data by following strictly according to our editorial guidelines but always do your own due diligence before investing. Fees are subjected to change by the brokerage provider, do check with the brokers for the latest updates on the fees.
Moomoo vs Webull Which Is Better For Investors?
Both Moomoo and Webull provide low cost solution to investing and trading on the go using Mobile App or on desktop. Not only both offers amazing variety of charting and trading tools, these platforms offers commission-free trades for some of the largest market.
However as an investor, below are something you should consider when choosing between Moomoo or Webull to start your investing journey.
Reason Why You Want to Choose Moomoo?
Moomoo provides the most comprehensive all-in-one online brokerage options where any investors, beginner or experience can just open an account and start investing.
You may want to consider using Moomoo if you:
- Want to invest both locally in Singapore and internationally in the United States, Hong Kong/China stock market.
- Looking for the lowest fee brokerage platform that offers the most complete investing and trading experience.
- Finding easy to use online trading platform that you can basically do almost everything in the same place.
Moomoo is suitable for:
- Beginner investor or new investor who just started investing
- Experience investors who uses a lot of advance charting and technical analysis.
- General trader who do trading on a regular basis.
- Extra S$20* FREE Cash Coupon.
- Claim 4 x FREE stock bundle worth S$280* with $10,000 deposit & 8 buy trades.
- Get additional S$260* FREE AAPL stock with $100,000 deposit.
- Earn 31 days 6.8%* p.a. return on idle cash with Moomoo Cash Plus
- Low commission fee for SG and HK stocks, ETFs and options.
- Lifetime $0 commission free* for US stocks.
Moomoo Promo: Low Commission + Free Stock
Reason Why You Want to Choose Webull?
Webull is a great online trading platform where it makes buying and selling international stocks with ease.
You may want to consider using Webull if you are:
- An investor wanting to invest both locally in Singapore and internationally in the United States, Hong Kong and China stock market.
- Looking for a reliable platform where you can invest and trade a range of securities that is available in the US.
- Low fee trading solution that is equip with some of the best stock screener to find the right stocks to buy and sell.
Webull is suitable for:
- Beginner to Intermediate traders who does frequent trading in the US and HK market.
- Investors who looking for a minimalistic trading app to buy and sell stocks.
- Claim up to $5,000 FREE Share when you sign up a new account here.
- $0 commission free for US stocks, ETFs, and options.
- 3-Years $0 commission for SG stocks, ETFs, and options.
- Low commission fee for SG, US and HK stocks, ETFs, mutual funds and options.
Webull Promo: Low Commission + Free Stock
Moomoo vs Webull Singapore Which Will I Choose?
Moomoo SG stand out amount the rest of the online trading platform and when compared to Webull, I personally prefer to use Moomoo SG for my day to day investing and trading.
The reasons?
Simply because Moomoo SG offers:
- Low-fees trading in SG and HK/China stock market together with lifetime $0 commission free trading in the US market which is rare even amount online brokers.
- Buying and selling stocks that are in different markets such as Singapore, US, HK/China all in one place. I prefer thing that are simple and having all my invest in the same platform really helps to simplify life.
- Moomoo cash plus account help me to grow my uninvested cash while enabling me to have the flexibility to use my cash when I want to.
Personally, I think features offered by Moomoo SG give me all I need for a low-cost online trading platform. As a long time user of Moomoo SG, I think it is still my personal favorite platform to buy and sell stocks.
BEST FOR: Beginner Retail Investors and Professional Traders Looking For All-In-One Trading App to Invest in SG, US, HK and China.
securely through Moomoo’s website
Which platform will you choose?
Click the links below to look at the exclusive deals when you sign up with either of the platform.
- I am a beginner or experienced investor looking for an easy to use all-in-one trading App to invest in Singapore, US, HK and China (H-Share) market.
- I am a trader looking to trade in the US, HK and China (H-Share) market where I will be offered the most variety of securities to put my trading skills into good use.
Frequently Asked Questions (FAQs)
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Disclaimer: All views expressed in the article are independent opinion of the author, based on my own trading and investing experience. Neither the companies mentioned or its affiliates shall be liable for the content of the information provided. The information was accurate to the best knowledge of the author. This advertisement has not been reviewed by the Monetary Authority of Singapore. * T&C Applies
Antony C. is a dividend investor with over 15+ years of investing experience. He’s also the book author of “Start Small, Dream Big“, certified PMP® holder and founder of IncomeBuddies.com (IB). At IB, he share his personal journey and expertise on growing passive income through dividend investing and building online business. Antony has been featured in global news outlet including Yahoo Finance, Nasdaq and Non Fiction Author Association (NFAA).
