Unraveling the Duel: A Riveting Showdown between Public.com and Moomoo

If you’re thinking about starting to invest but you’re worried about keeping your costs low, you’re in luck. There are plenty of platforms these days that offer low or even zero trading commission, like Public.com and Moomoo. Deciding between these two depends on what you’re looking for, really.

In a nutshell, Public.com might be the way to go if you’re new to investing. The platform’s super user-friendly – clean, sleek interface and all. One unique feature is its social component, which is almost like having a Facebook for investing. You can connect with others, learn from their experiences, chat about ideas, and follow their trading journeys too. But be aware that it offers less in terms of tools and data.

In contrast, Moomoo might be the better fit if you’re more of a seasoned trader. It has plenty of tools and data that both rookies and pros should find useful.

Public.com offers some free stock when you sign up and so does Moomoo.

Now, the basics. Public.com has been around since 2018 and changed its name from Matador. It offers commission-free trades on U.S. stocks and ETFs and has a really simple interface. It offers a social networking-type opportunity where you can follow other investors, chat about investment strategies, and more.

Moomoo, launched in 2019, is a trading app from Moomoo Financial Inc. It’s also commission-free like Public.com and, additionally, offers options and American Depository Receipts (ADRs) – which basically lets Americans invest in foreign companies. Moomoo’s users also get to play on the Hong Kong Stock Exchange.

If you’re concerned about security, don’t be. Both Public.com and Moomoo are members of SIPC (Securities Investor Protection Corp) which offers coverage if the brokerage fails. They both also have strong security measures in place.

If you’re looking for a simple interface, access to cryptocurrency trading, the capability of buying fractional shares, and a social platform to learn and connect with other investors, Public.com might be for you. But remember, Public.com’s research tools are limited.

On the other hand, if you’re comfortable with deeper research, have a good handle on using different tools and are looking for an extensive range of tools and resources, Moomoo might be your best bet. Just note that Moomoo does not offer fractional share purchases or cryptocurrency trading.

Lastly, both Public.com and Moomoo charge no trading commissions on their stocks and ETFs. They might have some fees for things like wire transfers or paper statements. Public.com also provides cryptocurrency trading, which costs around 1-2% markup.

Both platforms are great but for different kinds of investors. If you want to take a dip in the investment waters or are interested in crypto and fractional shares, Public.com should suit you. If you want to delve into deeper research and make use of powerful tools, Moomoo should be the way to go.