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Broker Comparison

moomoo vs SogoTrade

Compare moomoo and SogoTrade side by side: fees, regulation, platforms.

moomoo

moomoo

Active investors using mobile and desktop tools

moomoo offers U.S. stocks, ETFs, options, margin, crypto and paper trading through mobile, desktop, TradingVi…

VS
SogoTrade

SogoTrade

Active self-directed stock and options traders

SogoTrade is an online broker for stocks, ETFs, options and crypto, with qualified limit-order rebates and we…

Head-to-head comparison

moomoo vs SogoTrade
Feature moomoo SogoTrade
Minimum deposit $0 No minimum deposit required
Stock trading fee $0 commission —
Regulators SEC, FINRA, FINCEN FINRA
Best for Active investors using mobile and desktop tools Active self-directed stock and options traders
Markets & account
Stocks
ETFs
Crypto
Options
Fractional Shares
—
Margin
Demo Account
—
Funds
—
Ready Made Portfolios
—
Business Account
—

Pros & cons

moomoo

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
SogoTrade

SogoTrade

Pros

  • $0 qualified limit orders can reduce stock and ETF trading costs
  • Qualified limit orders can earn $1.00 per 1000 shares
  • $0 options commission with a 50¢ contract fee
  • ACH transfers are available with no SogoTrade charge
  • SogoTrade Pro syncs alerts and watchlists with Web Trader
  • Copy trading lets users replicate trades in the social app
  • ACAT transfers of $10,000+ may be reimbursed up to $100

Cons

  • Market orders cost $2.88
  • Penny stocks add $0.0003/share or 0.25% principal fee
  • Crypto trades cost the greater of $1 or 1%
  • Outgoing domestic wires cost $25 and international wires cost $50
  • Regular mailed withdrawal checks cost $5
  • ACH-funded withdrawals can face a restriction of up to 60 days
  • Options level 4 or higher requires $5,000 minimum equity
  • SIPC and Apex excess insurance do not cover crypto transactions
moomoo

moomoo

moomoo offers U.S. stocks, ETFs, options, margin, crypto and paper trading through mobile, desktop, TradingView and API access.

Visit moomoo Read review

Your capital is at risk. Other fees apply.

SogoTrade

SogoTrade

SogoTrade is an online broker for stocks, ETFs, options and crypto, with qualified limit-order rebates and web/mobile trading platforms.

Visit SogoTrade Read review

Your capital is at risk. Other fees apply.

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