Updated September 29, 2026 · BrokerCue Editorial Team
moomoo vs Zacks Trade
What sets them apart
| Compare |  moomoo |  Zacks Trade |
|---|---|---|
| Stock trade fee | $0Lower | $1 |
| Markets | Stocks, ETFs, Options, Crypto | Stocks, ETFs, Options, Bonds, Funds |
| Regulators | SIPC | FINRA |
| Options contract fee | $0Lower | $1 |
| Platforms | Moomoo app, Moomoo Desktop | Zacks Trade Pro, Client Portal, Zacks Trade app |
| Minimum deposit | Not confirmed | $250 |
| Account fee | $0 | Not confirmed |
| Inactivity fee | Not confirmed | $15 |
| Margin rate | Not confirmed | 8.83% |
| Account types | Not confirmed | IRA |
Same on both: Investor protection (SIPC up to USD 500,000).
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Key differences
- moomoo scores higher overall: 9.1 vs 8.7.
- Regulators: only moomoo offers SIPC.
- Regulators: only Zacks Trade offers FINRA.
- Stock trade fee is lower at moomoo: $0 vs $1.
- Options contract fee is lower at moomoo: $0 vs $1.
- Markets: only moomoo offers Crypto.
- Markets: only Zacks Trade offers Bonds, Funds.
- Platforms: only moomoo offers Moomoo app, Moomoo Desktop.
- Platforms: only Zacks Trade offers Zacks Trade Pro, Client Portal, Zacks Trade app.
- Support channels: only moomoo offers Help centre.
Our verdict on each
moomoo
moomoo suits retail investors who want to trade stocks, ETFs, options and crypto without paying a commission on each trade, and who are comfortable holding a US SIPC member account. Its BrokerCue score is 7.5, and the appeal rests on cost rather than on the size of the market list.
Zacks Trade
Zacks Trade is a US broker built for experienced traders and day traders who want options and margin, charging a stock trade fee of $1 and a minimum deposit of $250 on its IRA account. The catch is the $15 inactivity fee for anyone whose account sits idle.
Score breakdown
| Area | moomoo | Zacks Trade |
|---|---|---|
| Cost | 9.5HigherEvery listed charge sits at $0 for stocks, $0 for options and $0 for the account. | 8.5Cheap trades at $1 a stock and $1 an option, offset by a $250 minimum deposit and a $15 inactivity fee. |
| Offer | 9.1 | 9.2Higher |
| Trust | 8.6 | 8.7Higher |
Side by side, item by item
| Markets | moomoo | Zacks Trade |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Options | Yes | Yes |
| Crypto | Yes | No |
| Bonds | No | Yes |
| Funds | No | Yes |
Sources behind this comparison
moomoo
- moomoo.com: 8 facts, checked September 26, 2026
- sipc.org: 3 facts, checked September 26, 2026
Zacks Trade
- zackstrade.com: 15 facts, checked September 26, 2026
- brokercheck.finra.org: 2 facts, checked September 26, 2026
How they place
| Ranking | moomoo | Zacks Trade |
|---|---|---|
| Stock and ETF brokers | 22 of 471 | 201 of 471 |
| Options trading platforms | 4 of 103 | 66 of 103 |
Every fact side by side
| Fact | moomoo | Zacks Trade |
|---|---|---|
| Features | Crypto, Demo account, Fractional shares, Options, Mobile appCovers more | Mobile app, Options |
| Pricing model | Commission free | Low fees |
| Audience | Not confirmed | Experienced, Day traders |
| Legal entity | MOOMOO FINANCIAL INC | LBMZ Securities Inc. |
| Headquarters | Not confirmed | United States |
| Founded | Not confirmed | 2013 |
| Support channels | Email, Phone, Help centre | Email, Chat, Phone |
Where each stands against the rest
| Fact | moomoo | Zacks Trade | Median |
|---|---|---|---|
| Minimum deposit | Not confirmed | $250highest quarter | $25 |
| Stock trade fee | $0at the median | $1highest quarter | $0 |
| Account fee | $0at the median | Not confirmed | $0 |
| Inactivity fee | Not confirmed | $15above the median | $0 |
| Margin rate | Not confirmed | 8.83%above the median | 8.75% |
| Options contract fee | $0lowest quarter | $1highest quarter | $0.625 |
Median across 134 listed brokers.
Pros and cons
moomoo
Pros
- A stock trade costs $0 and an options contract costs $0, and the pricing model is commission-free.
- The account fee is $0, so an account left open costs nothing to hold.
- crypto, demo account and fractional shares covers fractional shares, a demo account, options, crypto and a mobile app, which suits smaller sums and practice trades.
Cons
- The market list is narrower than eToro's, which covers stocks, etfs and forex, while moomoo's own list is stocks, etfs and options.
- Support runs on email, phone and help centre only, so there is no live chat listed for questions raised during a trading session.
- Protection rests on a single scheme, SIPC up to USD 500,000, and SIPC names a single body, so there is no second cover behind it.
Zacks Trade
Pros
- Simple per-trade pricing: $1 a stock, $1 an options contract, margin at 8.83%.
- FINRA registration under licence 7874, and client holdings sit with SIPC protection.
- Support covers email, chat and phone, so phone and chat are both available.
Cons
- The $15 inactivity fee sits above the €10 upper quartile among the brokers compared.
- A $250 minimum deposit is well above the €4.64 median on the site.
- Account types cover ira only, which rules out a taxable brokerage account for wider investing.
Who each suits
moomoo
Who it suits
- Investors who want shares, ETFs, options and crypto on one commission-free account, since stocks, etfs and options covers all four.
- Smaller-sum investors who want fractional shares and a demo account, both named in crypto, demo account and fractional shares.
- Readers comfortable with a US SIPC member arrangement, given SIPC up to USD 500,000 and SIPC member 69739.
Who should look elsewhere
- Anyone who wants forex, contracts for difference, metals or futures in the same account: eToro covers stocks, etfs and forex.
- Readers who want metals alongside shares, ETFs and crypto: Vantage covers forex, cfds and stocks, while moomoo's list is stocks, etfs and options.
Zacks Trade
Who it suits
- Experienced traders and day traders who already know the markets they trade.
- US investors who want an IRA and plan to trade options or use margin.
- Investors who will keep trading, since the inactivity fee applies once an account goes quiet.
Who should look elsewhere
- CFI, which takes a minimum deposit of $0 rather than $250.
- eToro, where a stock trade costs $0 against $1 here.
- Vantage, with a minimum deposit of $5, which suits a smaller starting balance.
Current offers
moomoo
Current offer
Bonus
Welcome Bonus
Source, checked September 26, 2026
Country by country
| Country | moomoo | Zacks Trade |
|---|---|---|
| United States | No | Yes |
Questions about each
moomoo
What does moomoo charge to trade stocks and options?+
On the commission-free account, the stock trade fee is $0 and the options contract fee is $0. The account fee is $0, so nothing is charged to keep the account open. Those figures are the whole cost side of the offer, and they apply to the same account rather than to a paid tier.
What does a commission-free account mean for the cost of a trade?+
The pricing model is commission-free, so a stock trade is charged at $0 rather than a percentage of the order, and an options contract at $0. Removing commission does not change the price at which an order is filled, so the buy and sell prices still matter as much as the fee line.
Zacks Trade
What does it cost to trade stocks and options?+
Stocks cost $1 per trade and options contracts $1, and the account opens at a minimum deposit of $250. Margin runs at 8.83%. Every figure here applies to the IRA account, which is the account type on offer.
Is my money protected and who regulates the broker?+
Zacks Trade is registered with FINRA under licence 7874, and the legal entity behind the brand is LBMZ Securities Inc. Client holdings sit with SIPC protection, which is the scheme covering money in the account rather than the firm's own balance sheet.
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