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Anonymous

14 Jul 2021

General Investing

Interactive brokers VS moomoo

Which platform is better for options trading? Especially in terms of fees?

Discussion (1)

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Chris

14 Jul 2021

Owner and Writer at Tortoisemoney.com

IBKR charges around ~USD0.50-0.65 per contract with a minimum of USD1 min. per order. Moomoo charges around USD0.65 per contract with a minimum of USD1.99 per order. I also believe they have a small platform fee on top of that.

However, I think the bigger issue here is that IBKR is better designed for options functionality. As far as I know, even covered calls (which is a relatively simple strategy) was recently introduced in beta testing for moomoo. So if you intend to do the wheel or more complex strats like spreads, IBKR is definitely more capable of handling your options.

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