Webull vs moomoo 2026: Which Free Trading App Wins?
Two feature-rich free trading platforms battle for the active trader's account. Webull leads on options tools. moomoo leads on research data depth. Here's which one belongs in your stack.
Updated February 2026Webull delivers the best free options trading platform available. Zero commissions including on contracts, advanced charting, and extended hours access make it an exceptional value. The platform for cost-conscious active traders.
Get Free Stocks on Webull →moomoo wins on data depth. If you're a fundamentals-driven trader who wants institutional-quality research tools without the institutional price tag, moomoo delivers more raw data than any competitor at zero cost.
Get Free Stocks on moomoo →Side-by-Side Comparison
| Feature | Webull | moomoo |
|---|---|---|
| Our Rating | 4.5 | 4.4 |
| Commissions | Free | Free |
| Min. Deposit | $0 | $0 |
| Options Trading | ✅ Yes | — |
| Free to Close Options | ❌ No | ❌ No |
| Paper Trading | ✅ Yes | ✅ Yes |
| Account Types | Individual, IRA, Paper Trading | Individual, IRA |
| Regulated | FINRA / SIPC | FINRA / SIPC |
Webull — Full Review
Webull emerged as a serious competitor by offering everything Robinhood does but with actual trading tools. The charting platform supports 50+ technical indicators, drawing tools, and multi-chart layouts that rival TradingView. Options trading is fully commission-free — not just on stocks but including the per-contract fee that Tastytrade and others charge. The paper trading mode is a standout feature, letting new traders practice with real market data without risking capital. Extended hours trading from 4am to 8pm ET gives active traders more flexibility than most platforms. The desktop app is powerful and the mobile app is among the most feature-complete in the industry.
moomoo — Full Review
moomoo's differentiation is data depth. Level 2 order book data is free for all users — normally a $30-50/month add-on at other brokers. The platform provides institutional-grade earnings analysis including call transcripts, consensus estimates vs. actuals, and earnings history charts. Short interest data, options flow, and sector rotation analysis are all included without upgrade fees. The paper trading functionality is robust enough for serious strategy testing. moomoo is backed by Futu Holdings, which has a strong track record operating Futu Bull in Hong Kong and Singapore. US operations are regulated by FINRA and assets are SIPC-insured up to $500,000.
The Verdict: Which Should You Choose?
Choose Webull if options trading is part of your strategy and you want zero commissions including contract fees.
Get Free Stocks on Webull →Choose moomoo if fundamental research and institutional-grade data depth matters more than options tools.
Get Free Stocks on moomoo →