Wealthy PotMoomoo vs Webull (2026)
Moomoo and Webull both charge $0 on US stocks and on stock and ETF options and $0.50 per index option contract. Webull offers IRAs, joint and custodial accounts and charges $75 to transfer out; Moomoo offers individual accounts only and charges $100, but adds Hong Kong stocks and China A-shares. Moomoo's margin is a flat 6.8%, while Webull's is 8.74% unless you pay $3.99 a month for Premium.
By Wealthy Pot Editorial · Facts checked October 19, 2026
| Feature | Moomoo | Webull |
|---|---|---|
| Type | App-first | App-first |
| Stock/ETF commission | $0 (platform fee waived during a promotion) | $0 |
| Options per contract | $0 stock/ETF options; index options $0.50 | $0 stock/ETF options; index options $0.50 |
| 10-contract options trade, open + close | $0 ($0 a year at 2 a month) | $0 ($0 a year at 2 a month) |
| Rate on uninvested cash | Not published (Cash Sweep (opt-in)) | Not published (Cash Management sweep (opt-in)) |
| Margin rate on $10,000 | 6.8% | 8.74% |
| Transfer out (full account) | $100 | $75 |
| Paid tier | Moomoo Engine: $3.99/mo | Webull Premium: $3.99/mo |
| Account minimum | $0 | $0 |
| Fractional shares | Yes | Yes |
| Account types | Individual taxable only (no IRA) | Taxable, joint, IRA, Roth, rollover, custodial |
| Platforms | iOS, Android, Desktop | Web, iOS, Android, Desktop |
Options, cash and margin rows are our arithmetic from each broker's published commissions, default cash rate and margin rates (commissions only, before small regulatory and exchange fees). Rates change with the Federal Reserve's rate.
Key differences
For a margin borrower, the comparison turns on Webull Premium. Hypothetically, a $20,000 debit balance carried for a year costs $20,000 x 6.8% = $1,360 at Moomoo, $20,000 x 8.74% = $1,748 on Webull's standard account, and $20,000 x 5.45% = $1,090 plus $40 for Premium, $1,130, on Webull Premium. Moomoo's rate has no tiers, while Webull Premium falls to 4.70% from $100,000. Moomoo Engine ($3.99 a month) makes the first $1,000 of margin interest-free. Rates move with the Fed, and margin can lose you more than you deposit.
For long-term saving, the account lists differ. Moomoo offers an individual cash account and an individual margin account only: no IRA, joint or custodial account, and no mutual funds or bonds in its US fee schedule. Webull offers Traditional, Roth and Rollover IRAs, joint and custodial accounts, Treasuries and corporate bonds, and mutual funds at the lesser of 3% or $14.95 a trade, with a 1% IRA contribution match (3.5% with Premium). Moomoo's addition is Hong Kong stocks and China A-shares: a hypothetical HK$20,000 Hong Kong buy costs HK$6 commission plus a HK$15 platform fee, HK$21.
Two terms at Moomoo can change. Its $0 platform fee on US trades is a promotion that began in November 2018 and can end on 30 days notice, and its 3.6% cash sweep rate is advertised for users who meet a deposit or transfer offer or pay for Moomoo Engine. Webull shows its sweep rate only in its app. For market data, Moomoo says funded accounts get free Level 2; Webull Premium adds Nasdaq TotalView and OPRA data. FINRA has fined both over influencer posts: Moomoo $750,000 in November 2024 and Webull $1.6 million in May 2025.
Where Moomoo wins
- Hong Kong stocks and China A-shares from a US account
- $0 commission and $0 contract fee on stock and ETF options
- Flat 6.8% margin with no tiers
- Desktop app with a Linux build, plus paper trading
- Free Level 2 data for funded accounts, per Moomoo
Where Webull wins
- Desktop app for Mac, Windows and Linux, plus web and mobile
- $0 per contract on stock and ETF options
- Overnight session from 8 PM to 4 AM ET, Sunday to Thursday, for select securities
- $75 transfer-out fee, against $100 at Robinhood, Public and Moomoo
- Treasuries, corporate bonds and mutual funds as well as stocks
- Premium margin from 5.45% for $40 a year
Which should you choose?
Pick Moomoo if
- You want Hong Kong stocks and China A-shares in the same account as your US stocks.
- You trade stock and ETF options and want $0 commission and $0 contract fee.
- You borrow on margin and want one flat rate, 6.8%, at any balance.
- You want a desktop app, including a Linux build, and paper trading.
Pick Webull if
- You trade stock and ETF options and want no per-contract fee on them.
- You want a downloadable desktop app for Mac, Windows or Linux, not only a phone app.
- You borrow on margin and will pay $40 a year for Premium rates from 5.45%.
- You want Treasuries, corporate bonds and an IRA in the same app as your trading account.
Moomoo vs Webull: FAQ
Is Moomoo cheaper than Webull for options?
For a retail account they price the same: $0 commission and $0 per contract on stock and ETF options, and $0.50 per index option contract plus exchange fees. Webull charges $0.10 a contract on orders of 500 or more on the Held route, and Premium lowers index options to $0.40 and $0.30 above 1,000 and 5,000 contracts a month. Moomoo charges accounts it classes as non-retail $0.65 a contract. See our options platform guide.
Which pays more on cash, Moomoo or Webull?
Neither publishes a standard rate. Moomoo advertises 3.6% APY on its opt-in Cash Sweep for users who meet a deposit or transfer offer or pay $3.99 a month for Moomoo Engine. Webull shows its Cash Management rate only in its app, pays nothing on cash not enrolled and pays 0.10% on IRA cash; Premium raises the rate on individual and joint cash accounts.
Can I move from Moomoo to Webull for free?
Moomoo charges $100 per outgoing ACATS transfer, or $75 for a DTC free-of-payment transfer. If you leave Webull later, it charges $75 per outgoing stock transfer, and an IRA match can be lost if the assets move within 5 years. You start the transfer at the receiving broker.
Compare these against every option in our online brokers comparison.
We summarize each company's published terms and pricing, not user reviews or our own testing. Facts come from our full reviews of both brokers, each checked against the broker's own fee schedule, rate and disclosure pages on October 19, 2026 with every source listed. Some outbound links may be affiliate links. That never affects our comparisons. Nothing here is investment advice.