Moomoo vs Webull: Which App Fits an Active Trader?
Moomoo and Webull look alike on the surface: free stock trades, detailed charts, paper trading and a mobile-first design. The differences show up in options fees, how each handles data and research, and what you plan to do with the account. Here is a straight comparison using each company’s own published numbers.
Short answer. On plain US stock and ETF trades, the cost is the same: both charge $0 commission. Both also list $0 for standard equity options. The gap is mostly in the details, like index option fees, research tools and the app layout you prefer. If you trade index options, check both fee schedules side by side. If you mostly trade stocks, pick the app whose charts and scanners you would rather stare at all day, and practise in its paper account first.
At a glance
| Moomoo (US) | Webull (US) | |
|---|---|---|
| US stock & ETF commission | $0 | $0 |
| Standard equity options | $0 commission, $0 contract fee | $0 commission |
| Index options | $0.50 per contract | $0.50 per contract on certain index options |
| Account minimum | $0 (BrokerChooser, updated 1 Oct 2026) | No minimum listed in its fee schedule |
| Account types | See moomoo’s site for current account types | Cash, margin, Traditional, Roth and Rollover IRA |
| Paper trading | Yes | Yes, with real-time quotes |
| Trade from TradingView | Yes, listed as a TradingView broker | Yes, listed as a TradingView broker |
| Regulatory fees | Passed through | Passed through (SEC fee on sells, CAT fee) |
Sources: webull.com/pricing and webull.com; moomoo.com/us/invest/options; BrokerChooser moomoo fee breakdown (updated 1 October 2026); tradingview.com/brokers. Checked 6 October 2026. Fees change, so confirm on each broker’s site before you open an account.
Fees: where they actually differ
Stocks and ETFs
No difference on the headline. Webull says it “does not charge commissions for trading stocks, ETFs and options listed on U.S. exchanges”, and moomoo advertises commission-free US stock and ETF trading. Both pass through regulatory charges. On Webull’s schedule that means an SEC fee on sells and a Consolidated Audit Trail fee on buys and sells, both tiny per trade but worth knowing about if you trade often.
Options
For standard equity options, moomoo’s options page shows $0 commission and $0 contract fees. Webull also lists $0 commission on options listed on US exchanges. Where they meet again is index options: moomoo shows $0.50 per contract for index options, and Webull lists a $0.50 per contract fee for certain index option trades, plus a $0.10 per contract fee on oversized option orders.
Non-trading costs
BrokerChooser’s moomoo fee breakdown (updated 1 October 2026) lists no inactivity fee, no fee for standard withdrawals, and wire transfer fees of $8 to $45 depending on type and amount. If you move money in and out often, compare the wire and transfer fees on both brokers, because those add up faster than $0 commissions save you.
Margin
Both offer margin accounts, and margin interest is where a “free” broker earns real money from active traders. BrokerChooser lists moomoo’s USD margin rate at 6.8% a year at the time of its update. Rates change and are tiered, so check the current table on each broker’s site before using margin. Plenty of small accounts are better off in a cash account anyway.
Charts and tools
Both apps are built for people who like a lot of data on screen. Expect detailed candlestick charts with many indicators, watchlists, news and screeners in both, on mobile and desktop. Webull says it offers Level 2 quotes and NBBO data and highlights data partnerships with Nasdaq, TradingView and Cboe.
The honest difference is feel, and that is personal. Neither is objectively better. Download both, open the paper account in each, and use them for a few sessions before you fund anything. The one you can read fastest under pressure is the right one.
If charts are your main concern, note that both moomoo and Webull appear on TradingView’s list of supported brokers. That means you can do your charting in TradingView and still send orders to either account. We compare TradingView with a broker-built platform in TradingView vs thinkorswim.
Paper trading
Both include a paper trading account. Webull describes its version as a way to “test trading strategies with real-time quotes without risking a penny”. Use it properly: trade the same size and the same setups you would trade live, and write every simulated trade down. A paper account that you do not review is just a video game. Our guide on moving from paper trading to live covers what to look for before switching.
Which one is right for you?
Lean towards moomoo if…
- You trade equity options: moomoo’s options page shows $0 commission and $0 contract fees
- You prefer its charts and layout after trying both paper accounts
- You want a free paper account to learn the platform first
Lean towards Webull if…
- You want IRA options (Traditional, Roth, Rollover) next to a trading account
- You prefer its charts and layout after trying both paper accounts
- You want Level 2 and real-time quotes in the paper account
For a day trader focused on small caps, neither app is a specialist direct-access broker. If you need short locates, routing choices or hotkey-heavy desktop software, look at the brokers in our day trading broker comparison instead.
Read our moomoo review Read our Webull review Compare day trading brokers
FAQ
Is moomoo or Webull cheaper?
For US stocks and ETFs they cost the same: $0 commission at both, plus small regulatory fees. Both list $0 for standard equity options and $0.50 per contract for index options. Differences show up in transfer fees and margin rates, so compare those if they apply to you.
Do moomoo and Webull have a minimum deposit?
BrokerChooser lists moomoo’s account minimum as $0, and Webull’s fee schedule does not list a minimum deposit.
Can I use TradingView with moomoo or Webull?
Yes. Both appeared on TradingView’s list of supported brokers when we checked on 6 October 2026.
Do both have paper trading?
Yes, both include a paper trading account, so you can learn the app before funding it.
Are moomoo and Webull good for day trading small caps?
They work for basic stock trading, but they are not specialist direct-access brokers. Traders who short small caps or want routing control usually look at direct-access brokers instead.
Disclosure: Greenwick earns commissions from some companies mentioned on this site; see our affiliate disclosure. Fees were taken from the brokers’ own pages and BrokerChooser on 6 October 2026 and can change. This page is education, not financial advice. Trading involves risk, including the loss of the money you trade with.