eToro vs Moomoo

eToro ranks among the leading copy trading brokers due to its active community, which exceeds 30M+ traders, 3,000+ trading instruments, an expanding cryptocurrency presence, and its user-friendly web-based platform and mobile app. CopyTraders and smart portfolios are driving its growth rate. Copy Traders is the proprietary eToro copy trading tool, and Smart Portfolios are thematic long-term buy-and-hold investments managed in-house by eToro for passive investors.

Moomoo provides a modern desktop trading platform and a user-friendly mobile app focused on equity and ETF trading in a cutting-edge environment. It features a high-quality charting package with 63 technical indicators and 38 drawing tools, free Level 2 data, customizable stock screeners with 100 variables, and AI-supported trade alerts.

We have conducted an in-depth review of eToro and Moomoo to determine which presents the better overall choice and which types of traders will benefit the most at each broker.

Headquarters
IsraelUnited States
Regulators
ASIC, CySEC, FCA, FSASEC
Tier 1 Regulator(s)?
Owned by Public Company?
Year Established
20072018
Execution Type(s)
Market MakerECN/STP
Minimum Deposit
$50 - $10,000$0
Negative Balance Protection
Trading Platform(s)
Proprietary platformProprietary platform
Average Trading Cost EUR/USD
1.0 pipsNot applicable
Average Trading Cost GBP/USD
2.2 pipsNot applicable
Average Trading Cost WTI Crude Oil
$0.05 Not applicable
Average Trading Cost Gold
$0.45 Not applicable
Retail Loss Rate
74%Undisclosed
Minimum Raw Spreads
0.8 pipsNot applicable
Minimum Standard Spreads
1.3 pipsNot applicable
Minimum Commission for Forex
$0.00Not applicable
Islamic Account
Signals
US Persons Accepted?
Managed Accounts
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Features & Platforms

MT4
MT5
MT4/MT5 Add-Ons
N/A
cTrader
Proprietary Platform
Automated Trading
Social/Copy Trading
DOM?
Guaranteed Stop Loss
Scalping
Hedging
One-Click Trading
OCO Orders
Interest on Margin
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Noteworthy:

eToro supports beginners via its eToro Academy and offers its in-house developed cryptocurrency wallet and mobile e-money account. Moomoo shines with its low financing costs for leveraged traders.

Available Markets

Currency Pairs
Cryptocurrencies
Commodities
Crude Oil
Gold
Metals
Equity Indices
Stocks
N/A
Stocks (non-CFDs)
Bonds
ETFs
N/A
Options
Futures
Synthetics
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Both brokers offer 3,000+ trading instruments, but Moomoo has 3,000+ ETFs plus US-listed equities, including OTC securities, ADRs, options, Hong Kong-listed equities, and Chinese-listed A shares. eToro has fewer overall assets but a better balance covering more sectors directly rather than via ETFs like Moomoo. Both brokers cater well to their core markets.

Typical Spreads & Fees

Average Trading Cost EUR/USD
1.0 pipsNot applicable
Average Trading Cost GBP/USD
2.2 pipsNot applicable
Average Trading Cost WTI Crude Oil
$0.05 Not applicable
Average Trading Cost Gold
$0.45 Not applicable
Average Trading Cost Bitcoin
$574 Not applicable
Minimum Raw Spreads
0.8 pipsNot applicable
Minimum Standard Spreads
1.3 pipsNot applicable
Minimum Commission for Forex
$0.00Not applicable
Deposit Fee
Withdrawal Fee
Inactivity Fee
$10 monthly after 12 monthd no
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Moomoo shines with its industry-low financing costs among US brokers, but Chinese and Hong Kong-listed shares at Moomoo incur commission. Unlike Moomoo, eToro offers Forex trading with commission-free spreads from 1.0 pips, or $10.00. Both brokers feature commission-free equity and ETF trading, but eToro only extends it to unleveraged buy-only transactions.

Account Types

Account Types
eToro
Moomoo
Commission-free Accounts
Yes
Yes
Commission-based Accounts
No
No
Demo Accounts
Yes
Yes
Islamic Accounts
Yes
No
Social / Copy Trading
Yes
No
Managed Accounts
Yes
No

eToro has one account type for all traders, while Moomoo offers a separate margin trading account. Both brokers advertise commission-free trading, but the same account type incurs commissions dependent on the asset. Additional fees apply at Moomoo and eToro, which both transparently provide. eToro also offers swap-free Islamic accounts and in-house managed portfolios unavailable at Moomoo. Both brokers offer unlimited demo accounts with an excessively high default balance.

Minimum Deposit

Deposit Snapshot
eToro
Moomoo
Minimum Deposit
$200
$0
Deposit Fees
Third-Party
Third-Party
E-wallets
Yes
No
Cryptocurrencies
No
No
Localized Methods
Yes
Yes
Total Deposit Methods
14
2
Supported Deposit Currencies
USD, EUR, GBP, AUD,10+
USD

There is no Moomoo minimum deposit requirement, but traders can only make USD deposits using bank wires or ACH, limiting their freedom to move capital. The eToro minimum deposit for US and UK-resident traders is only $10, compared to $200 for most international clients, $50 for EU-based traders, and $10,000 for Israeli ones. eToro also supports more deposit currencies and payment processors.

Minimum Withdrawal

Withdrawal Snapshot
eToro
Moomoo
Minimum Withdrawal
$30
$0
Internal Withdrawal Fees
$5 for each payment processor
$20 for bank wires / $25 for international wires
Internal Processing Times
Up to two business days
Less than three business days

eToro implements a reasonable $30 minimum withdrawal amount and a $5 flat fee for all withdrawals, regardless of the payment processor. While Moomoo has no minimum withdrawal amount, bank wires cost $20. Traders should consider potential third-party payment processing costs and currency conversion fees, which are as high as 300 basis points at Moomoo, making eToro cheaper and more user-friendly.

Security & Trust

Country of the Regulator
Australia, Cyprus, Seychelles, United KingdomUnited States
Name of the Regulator
ASIC, CySEC, FCA, FSASEC
Regulatory License Number
491139, 109/10, 583263, SD0768-69739
Regulatory Tier
N/A1
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EToro

Country of the Regulator
Name of the Regulator
License Number
Australia
Australian Securities & Investments Commission
491139
Seychelles
Financial Services Authority
SD076
Cyprus
Cyprus Securities and Exchange Commission
109/10
UK
Financial Conduct Authority
583263
Malta
Malta Financial Services Authority
C97952

Moomoo

Country of the Regulator
Name of the Regulator
License Number
US
Securities and Exchange Commission / FINRA
8-69739

Both brokers segregate client deposits from corporate funds and have established themselves as trusted, secure brokers with clean records. eToro has more operational experience, while the corporate owner of Moomoo, Futu Holdings, is a publicly listed company on the NASDAQ with well-known investors like Tencent behind it.

Broker versus Broker Verdict

EToro

Pros
Cons
Copy-trading with a community exceeding 30 million traders
Higher minimum deposit requirement but within a reasonable range
User-friendly web-based trading platform and mobile app
Quality educational offering for beginner traders via the eToro Academy
Balanced asset selection with a focus on equity CFDs and ETFs

Moomoo

Pros
Cons
Commission-free trading with low margin rates for leveraged traders
Only bank wires as payment processors
Cutting-edge trading platform and user-friendly mobile app
Limited asset selection
A NASDAQ-listed corporate owner

Moomoo offers margin accounts with over 50% cheaper financing rates than competitors and free Level 2 data. It stands out for its commission-free trading, cutting-edge trading platform, and AI-assisted trade alerts. eToro trumps Moomoo with its broader asset selection, copy trading functions, thematic investment portfolios, education for beginners, and choice of payment processors.

You might also be interested in reviewing the below broker comparisons:

Read full eToro Review
Read full Moomoo Review

FAQs

Why is eToro so expensive?

eToro offers commission-free trading, where costs are usually higher than commission-based alternatives. Its dominant market position among copy trading brokers allows eToro to maintain higher trading fees without losing loyal traders and to attract new ones.

Is Moomoo trustworthy?

Moomoo established itself as a trusted broker, and its corporate owner, Futu Holdings, is a publicly listed company on the NASDAQ.

Is there something better than eToro?

While other brokers offer a better trading environment, eToro remains a leading copy trading broker.

Is Moomoo better than eToro?

It depends on what traders require, as Moomoo offers margin traders an edge, while eToro is an excellent choice for copy and cryptocurrency traders.

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