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.
- Features and Platforms
- Available Markets
- Typical Spreads and Fees
- Security and Trust
- eToro vs Moomoo - Verdict
 |  | |
Headquarters | Israel | United States |
Regulators | ASIC, CySEC, FCA, FSA | SEC |
Tier 1 Regulator(s)? | ||
Owned by Public Company? | ||
Year Established | 2007 | 2018 |
Execution Type(s) | Market Maker | ECN/STP |
Minimum Deposit | $50 - $10,000 | $0 |
Negative Balance Protection | ||
Trading Platform(s) | Proprietary platform | Proprietary platform |
Average Trading Cost EUR/USD | N/A | Not applicable |
Average Trading Cost GBP/USD | 2.2 pips | Not 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 pips | Not applicable |
Minimum Standard Spreads | 1.3 pips | Not applicable |
Minimum Commission for Forex | $0.00 | Not applicable |
Islamic Account | ||
Signals | ||
US Persons Accepted? | ||
Managed Accounts | ||
| Visit Website Your investment value may change. Capital is at risk. | Visit Website |
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 | ||
| Visit Website Your investment value may change. Capital is at risk. | Visit Website |
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 (non-CFDs) | ||
Bonds | ||
ETFs | N/A | |
Options | ||
Futures | ||
Synthetics | ||
| Visit Website Your investment value may change. Capital is at risk. | Visit Website |
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 | N/A | Not applicable |
Average Trading Cost GBP/USD | 2.2 pips | Not 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 pips | Not applicable |
Minimum Standard Spreads | 1.3 pips | Not applicable |
Minimum Commission for Forex | $0.00 | Not applicable |
Deposit Fee | ||
Withdrawal Fee | ||
Inactivity Fee | $10 monthly after 12 monthd | no |
| Visit Website Your investment value may change. Capital is at risk. | Visit Website |
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 | No | 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 | $50 | $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 Kingdom | United States |
Name of the Regulator | ASIC, CySEC, FCA, FSA | SEC |
Regulatory License Number | 491139, 109/10, 583263, SD076 | 8-69739 |
Regulatory Tier | N/A | 1 |
| Visit Website Your investment value may change. Capital is at risk. | Visit Website |
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 |
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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:
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.