Investors in Singapore looking for low-cost, user-friendly trading apps often compare Webull vs Moomoo.
Both platforms have surged in popularity because they offer commission-free trades and advanced features that appeal to beginners and experienced traders alike.
In this comprehensive comparison, we’ll examine Webull and Moomoo in detail — from regulation and safety to fees, products, interface, research tools, promotions, pros and cons, and ultimately, who each platform is best suited for.
Whether you’re an active investor or new to the Singaporean market, this guide will help you choose between the two neutral, MAS-regulated brokers.
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Introduction to Webull and Moomoo
Webull and Moomoo are online trading platforms known for their zero-commission trading and rich feature sets.
Webull was founded in 2017 and is Chinese-owned but based in New York, expanding into Asia with a Singapore office. While Webull initially focused on U.S. markets, it now offers Singaporean and Hong Kong stocks.
Moomoo, launched in 2018 as a subsidiary of Nasdaq-listed Futu Holdings, debuted in Singapore in 2021. Moomoo started as a Hong Kong/China-focused platform and has since broadened to U.S. and Singapore markets, even allowing access to other exchanges like China’s A-shares and Australia in some cases.
Both brokers target retail investors with intuitive mobile apps, making investing accessible and affordable.
Despite their similar reputations for user-friendly interfaces and commission-free trades, Webull and Moomoo do have differences in offerings and functionalities.
For instance, Webull supports various account types (like margin and even IRAs in its U.S. version) and recently introduced a cash management product (“Moneybull”) for earning interest on idle cash.
Moomoo, on the other hand, is integrated with Futu’s global market access, allowing trading in Chinese, Hong Kong, Singaporean, and even Australian stocks from one platform.
Learn more: A Comprehensive Moomoo's Review
Regulation and Safety
When it comes to fund safety and regulatory oversight, both Webull Singapore and Moomoo Singapore are well-regulated by the Monetary Authority of Singapore (MAS).
Each holds a Capital Markets Services (CMS) license from MAS, meaning they are authorized and monitored under Singapore’s securities law. This regulatory status provides Singapore users with confidence that the brokers are legitimate and trustworthy.
Beyond local regulation, each platform has additional layers of investor protection:
- Webull Singapore benefits from its U.S. roots. It is regulated by the U.S. SEC and FINRA and participates in the Securities Investor Protection Corporation (SIPC) scheme.
- Moomoo Singapore is backed by Futu’s licensed entities abroad; for example, its U.S. affiliate is a FINRA member and SIPC member.
Security features include:
- MAS CMS license and Exempt Financial Adviser status
- SIPC protection (up to US$500,000 in U.S. assets)
- Segregated client accounts
- Two-factor authentication (2FA)
- Moomoo has a Major Payment Institution (MPI) license for offering crypto services
Both platforms are on equal footing in regulation and security – MAS oversight ensures they meet capital and compliance requirements in Singapore, and global affiliations provide added investor protection.
Fees and Charges
One of the biggest draws of both Webull and Moomoo is their low fees. In fact, both brokers advertise $0 commission trading for many markets, but it’s important to break down the details of their fee structures (including any platform fees or conditions).
Below is a comparison of key trading fees for Singapore investors:
For Singapore stocks (SGX), Webull charges 0.025% commission plus a 0.025% platform fee per trade, with a minimum of S$0.80 each, totalling S$1.60.
Moomoo’s SGX fees are slightly higher at 0.03% commission and 0.03% platform fee, with a minimum of S$0.99 each, bringing the total to about S$2.49, including exchange clearing fees.
For U.S. stocks, both platforms offer Singapore users $0 commission. Moomoo provides this as a lifetime benefit, while Webull’s zero commission is currently a promotional offer that may change in the future.
Neither platform charges inactivity or custody fees. However, depending on the method used, additional charges such as withdrawal or currency conversion fees may apply.
In summary, Webull is slightly cheaper for SGX trades, while Moomoo has the edge for long-term U.S. stock trading with its lifetime zero commission.
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Investment Products Offered
Webull and Moomoo both support a wide range of investment products, but there are some differences in what each platform offers in Singapore. Here’s a side-by-side look at available asset classes on each:
Webull and Moomoo both offer access to key asset classes — stocks, ETFs, and options — across SGX, NYSE/Nasdaq, and HKEX. In early 2024, Webull expanded its offering to over 700 SGX-listed stocks, REITs, ETFs, and DLCs, matching Moomoo’s local market coverage.
Market access is where they start to differ
Through the Stock Connect program, Moomoo supports additional markets beyond SG, US, and HK, including China A-shares. Some users may also access Australian or Japanese equities via affiliated entities.
Webull Singapore currently focuses on SG, US, and HK markets without access to A-shares or other global exchanges.
Fractional share trading is another key distinction
Webull lets you buy fractions of U.S. and Hong Kong stocks, ideal for high-priced shares or small, regular investments. This is useful for new investors or those using dollar-cost averaging.
Moomoo does not offer fractional shares — you must buy whole shares.
Fund access also varies
Webull offers a selection of U.S. mutual funds, allowing greater diversification.
Moomoo sticks to equities and ETFs and does not support mutual fund investing.
Crypto trading is where Moomoo leads
In 2024, Moomoo launched MAS-regulated crypto trading in Singapore, enabling users to buy and sell digital tokens within the app.
While Webull offers crypto in the U.S., this feature is not available on Webull Singapore as of 2025. To trade crypto, Webull users would need to use a separate exchange.
Summary:
- Both platforms support SGX, U.S., and HK stocks, ETFs, and options.
- Webull offers fractional shares and mutual funds—great for flexible, small-amount investing.
- Moomoo provides broader international market access and in-app crypto trading — ideal for more diversified or digital asset strategies.
Your choice may depend on whether you value small-ticket investing, fund access (Webull), global markets, and crypto convenience (Moomoo).
User Interface and Experience
Both Webull and Moomoo offer modern, user-friendly trading platforms that are well-suited to Singapore investors. While they share many core features, the user experience differs slightly depending on your needs and trading style.
Account setup is fast and straightforward.
Singapore users can sign up using MyInfo with Singpass and typically complete verification within a day. Neither platform requires a minimum deposit, making it accessible for beginners.
Mobile-first platforms
Both apps are designed primarily for mobile and include intuitive layouts, customisable watchlists, and interactive charts.
- Webull focuses on a clean, clutter-free design that appeals to new and intermediate investors.
- Moomoo offers a more data-rich experience, with tools like heatmaps, detailed quotes, and a social feed. While advanced traders will appreciate the depth, the volume of information may feel overwhelming to new users.
Desktop platform availability
- Moomoo supports full desktop and web platforms with multi-window layouts and advanced charting, ideal for traders who prefer trading on a larger screen.
- Webull Singapore, on the other hand, is mobile-only (the U.S. version has a desktop app, but it's not available locally). This mobile-centric approach aligns with younger, smartphone-savvy users.
Ease of use and customisation
Both platforms allow users to:
- Set price alerts
- Customise charts with technical indicators
- Adjust order settings with advanced types (market, limit, stop orders)
Webull is often praised for its smooth, minimal interface that still provides depth when needed.
Moomoo adds community-driven insights via a social feed, presenting more data at a glance (e.g., Level 2 order book, analyst ratings, real-time news).
Additional features shared by both:
- Dark and light modes
- Watchlists synced across devices
- Extended U.S. trading hours (pre-market and after-hours)
Summary:
- Webull offers a clean, mobile-first experience that’s easy to navigate and ideal for beginners or those who prefer simplicity.
- Moomoo delivers a more advanced toolkit with a desktop platform, rich analytics, and a community feel, well-suited to active or experienced traders.
If you’re unsure which suits you best, consider trying both apps before funding. The right interface often comes down to personal preference.
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Research Tools and Education
When it comes to research and educational resources, both Webull and Moomoo pack in far more features than a traditional broker, often rivalling dedicated trading software.
Here’s how they compare:
Market Data & Analytics
Moomoo stands out for active traders with free Level 2 market data (order book depth) on U.S. stocks.
It offers interactive charts, 50+ technical indicators, and a powerful stock screener that filters by metrics like market cap, P/E, and technical signals. Integrated analyst ratings, news, and a vibrant in-app community make it feel like a mobile “research terminal.”
Webull also provides robust tools.
Its charting suite includes trendlines, drawing tools, and technical overlays comparable to desktop platforms. It features an advanced screener across stocks, ETFs, options, and mutual funds. Webull offers Level 2 data (Nasdaq TotalView) through promotions, and real-time news updates from trusted sources like Reuters and Benzinga.
Quotes and charts on both platforms refresh in real time, including during pre- and after-market sessions.
Education & Learning Features
Both platforms support paper trading — a safe way to test strategies using virtual funds.
Moomoo runs paper trading competitions and offers Moomoo Learn, a dedicated space for beginner-friendly tutorials. Its social feed allows users to share and view investment ideas, making learning interactive.
Webull has a more minimal learning centre but covers essential topics like order types, indicators, and platform tips. Its U.S. app includes active discussion threads under each stock, helping users share ideas with the community.
Webull also stands out with fractional share analysis, helping investors track splits and dividends on fractional holdings.
Other Tools & Usability
- Both apps include helpful extras like:
- Custom price alerts
- Margin and FX calculators
- Currency toggling to SGD or other denominations
These tools make understanding costs, managing risk, and building confidence easier.
Summary
- Moomoo offers a more complete experience for active traders, with free Level 2 data, detailed analytics, and a strong learning ecosystem.
- Webull has everything most retail investors need, with powerful charting, real-time news, and a cleaner UI. Its fractional share analysis is a plus for newer investors building portfolios gradually.
Whether you're just getting started or digging into data, both platforms are packed with tools to support smarter investing in Singapore.
Promotions and Bonuses
In Singapore’s competitive broker market, promotional offers can be a major deciding factor — and Webull and Moomoo are two of the most aggressive platforms when it comes to rewarding new users.
Webull Promotions
Webull Singapore regularly runs promotions offering free shares or cash vouchers.
Past campaigns have included:
- Up to US$400 in vouchers with qualifying deposits
- 5–20 free shares for new users, especially when trying Moneybull
- Referral rewards of up to US$1,750 when inviting friends
- Moneybull interest rates of 5–7% p.a. on idle cash (first 90 days)
- Free Level 2 U.S. market data is included in some welcome packages
These offers change frequently but typically require signing up, funding your account, and maintaining a deposit for a set time.
Moomoo Promotions
Moomoo is equally generous with its offers, often targeting larger deposits:
- Up to 10 free Apple shares via referral campaigns
- Free stock bundles for first-time deposits
- Seasonal campaigns offering 6.8–8.1% APY on cash via Cash Plus
- Event-based perks (e.g., MooFest), including cash coupons, quote subscriptions, or merchandise
- Up to 25 free stocks in some promotions, based on deposit tier
Like Webull, Moomoo adjusts its offers regularly and often rewards higher funding levels with premium stocks like Apple or Tesla.
Commission-Free Trading Periods
Both platforms include commission-free trading incentives as part of their promos:
- Webull has offered 0% commission for 3 years on SG stocks for new users
- Moomoo has run 30-day free trading windows for selected markets like Hong Kong
Things to Know
- Terms vary by promotion, so check their Singapore websites for the most up-to-date offers.
- Eligibility requirements often include a minimum deposit and holding period.
- Referral programs offer additional rewards if you bring in new users.
Summary
Both Webull and Moomoo offer an impressive range of bonuses, from free stocks and high-yield cash products to free market data and event perks.
If you're new and still deciding, it may be worth signing up for both to explore the platforms and collect rewards — just make sure to meet all criteria to unlock the full benefits.
These incentives make trying either platform low-risk and high-value, especially for new investors in Singapore.
Pros and Cons of Each Platform
To summarise the comparison, let’s break down the key pros and cons of Webull and Moomoo in the Singapore context:
Webull Singapore – Pros
- Low SGX Trading Fees: The fee is just 0.025% commission + 0.025% platform fee (minimum S$1.60), among the lowest in Singapore.
- Fractional Shares allow investors to invest in fractions of U.S. and HK stocks, making them ideal for small portfolios or high-priced shares.
- Clean Mobile Interface: Sleek and beginner-friendly app, with advanced tools for intermediate users.
- Regulated and Secure: Licensed by MAS; U.S. holdings protected by SIPC. Also regulated by SEC/FINRA.
- Diverse Asset Types: Offers stocks, ETFs, ADRs, U.S. mutual funds, and options.
- Attractive Promotions: Free shares, cash vouchers, and up to 7% p.a. on idle cash via Moneybull.
Webull Singapore – Cons
- Limited Market Access: Only supports SGX, U.S., and HK markets—no access to China A-shares, Australia, or Europe.
- No Crypto Trading: Not available on Webull Singapore (despite being offered in the U.S.).
- No Desktop Platform: Mobile-first only; no desktop app for SG users.
- Promotional Fees: $0 commission for U.S. and HK stocks may revert after the promo period.
- USD Withdrawal Fees: SGD withdrawals are free, but USD wire transfers may incur higher fees.
- No Bonds or Forex: Fixed-income and currency traders will need a separate platform.
Moomoo Singapore – Pros
- Wide Market Access: Trade SGX, U.S., HK, and China A-shares from one platform.
- Lifetime $0 US Commission: Singapore users get permanent commission-free trading for U.S. stocks.
- Advanced Platforms: Full-featured desktop and mobile apps with multi-screen charting and pro-level tools.
- Rich Research Tools: Includes free Level 2 market data, stock screeners, real-time news, and analyst insights.
- Crypto Trading Available: MAS-regulated crypto feature allows in-app digital asset trading.
- No Custody or Inactivity Fees: No holding or maintenance costs.
- Strong Promotions & Community: Free Apple shares, referral rewards, and a social feed with paper trading contests.
Moomoo Singapore – Cons
- Higher SGX Fees: Charges 0.03% commission + 0.03% platform fee (min. ~S$2.49)—slightly more than Webull.
- No Fractional Shares: Must purchase whole units; harder to invest small amounts in expensive stocks.
- Limited Product Range: Doesn’t support mutual funds, bonds, or forex.
- High Transfer-Out Fees: Charges for moving holdings to another broker.
- Can Be Overwhelming: The Interface may feel cluttered for beginners due to feature density.
- Customer Support Timing: In-app chat is available, but response times may lag during peak periods.
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Final Thoughts
Both platforms offer excellent value for investors in Singapore.
Webull is ideal for those who want lower SGX fees, fractional investing, and a simple mobile interface.
Moomoo is a better fit for investors seeking broader market access, crypto trading, and advanced research tools.
The drawbacks are relatively minor and depend on what features matter most to you. If you’re still undecided, it may be worth trying both—especially with the generous sign-up rewards.
Who Should Choose Webull?
Webull is ideal for Singapore investors who value low fees, simplicity, and the ability to start small. It’s particularly appealing to beginners, cost-conscious investors, and those who want fractional investing without a complex interface.
Consider Webull if you:
- Trade SGX stocks regularly
Enjoy lower trading costs with a 0.025% commission + platform fee and a minimum charge of S$1.60 — one of the most competitive in the market. - Want fractional shares of U.S. or HK stocks
Buy into high-priced companies (like Amazon or Tesla) with small amounts, great for dollar-cost averaging or investing on a budget. - Are interested in mutual funds
Webull offers access to selected U.S. mutual funds, useful for portfolio diversification — something Moomoo doesn’t currently support. - Prefer a clean, mobile-first app
The interface is clutter-free and straightforward, yet powerful enough to support advanced charting and research as your investing skills grow. - Don’t need access beyond SG, U.S., and HK markets
If your focus is mainly on these core regions, Webull’s market coverage is sufficient. - Like flexible cash rewards
Webull frequently runs promotions with cash vouchers — an appealing alternative to stock-based rewards. - Want to test the platform with a small deposit
With no minimum funding requirement and support for fractional trades, you can get started with as little as S$100.
Best for: New investors, SGX-focused traders, and anyone looking to build a diversified portfolio with low-cost, high-flexibility investing.
Who Should Choose Moomoo?
Moomoo is built for investors who want broad market access, in-depth tools, and crypto capabilities all in one place. It’s a strong choice for active traders, DIY analysts, and those exploring beyond SG and U.S. markets.
Consider Moomoo if you:
- Want access to more markets
Trade not only SGX, U.S., and HK stocks, but also China A-shares and, in some cases, Australia or Japan via affiliated channels. - Plan to trade crypto
Moomoo’s MAS-regulated crypto feature allows you to invest in coins like Bitcoin or Ethereum within the same app. - Need powerful analytics and data
Built-in tools like free Level 2 market data, screeners, and real-time news make Moomoo a robust research platform for serious investors. - Prefer a desktop trading platform
Ideal for users who trade on larger screens or manage multi-monitor setups — Webull SG currently doesn’t offer this. - Appreciate a social investing experience
The app includes a community feed, trending stock discussions, and peer insights — great for learning and idea-sharing. - Trade U.S. stocks frequently
With lifetime zero commission for eligible Singapore users, Moomoo offers predictable savings on U.S. equity trades long-term. - Explore IPOs or exclusive listings
Moomoo users sometimes gain access to Hong Kong IPOs or unique investing opportunities via Futu.
Best for: Intermediate to advanced traders, investors seeking global markets, and those who want stocks, crypto, and data tools all in one platform.
Final Verdict: Webull vs Moomoo in Singapore
Both Webull and Moomoo are excellent trading platforms for Singapore investors. They offer low fees, strong security, and modern, feature-rich apps that outperform many traditional brokers. The right choice depends on your personal investing style.
Choose Webull if you:
- Want lower fees on SGX trades
- Prefer a clean, beginner-friendly mobile interface
- Plan to invest using fractional shares (U.S. and HK)
- Appreciate mutual fund access and high-interest cash management (Moneybull)
Choose Moomoo if you:
- Want to trade across more markets, including China A-shares
- Need an advanced platform with desktop access
- Plan to invest in crypto through a MAS-regulated app
- Value a data-rich interface with research tools and a social community
Can’t decide? Try both.
Many investors in Singapore use Webull and Moomoo together — taking advantage of fractional shares and low SGX fees on Webull, while using Moomoo for broader market access, crypto, and advanced analytics.
Accounts are free to open, and both platforms offer generous welcome promotions like free shares or vouchers. Testing both can help you decide which suits your investing habits best — without committing upfront.
Bottom line
Webull vs Moomoo is a win-win for investors. The competition between them has brought down fees and improved features for all. Whichever platform you choose, you’ll benefit from affordable, convenient access to global markets — right from Singapore.
Disclaimer Notice
This page is provided for general informational purposes only and does not constitute legal, financial, or investment advice. Please refer to our Full Disclaimer for important details regarding eligibility, risks, and the limited scope of our services.
