moomoo
Pros
- $0 commissions on U.S. stocks and ETFs
- $0 contract fees on U.S. equity options
- Margin rates start as low as 6.8%
- Paper trading starts with $1M virtual money
- Crypto USD transfers to and from US banks have $0 fees
- Qualified Cash Sweep users can earn 3.35% APY
- TradingView integration is free for clients
- Free US stocks Level 2 data with $100+ average value
Cons
- Index options carry a $0.5/contract fee
- Crypto trades add a 0.49% transaction fee
- Crypto assets are not FDIC or SIPC protected
- Margin requires at least $2,000 net assets
- US stocks Level 2 data requires $100+ average value
- ADR custodian fees are $0.01~0.05/share
- Cash Sweep may fall to 0.03% if eligibility is not met