Share Trading comparison
CMC Invest vs moomoo
The biggest practical difference between CMC Invest and moomoo comes down to how you trade ASX versus US stocks. CMC gives you a free daily ASX trade up to $1,000 and holds your shares under your own HIN via CHESS, while moomoo slashes ASX brokerage to just $3 minimum and offers a much tighter FX spread plus a USD account for US investors. Both are CHESS-sponsored, but they suit very different trading styles.
Choose
CMC Invest
if…
- ›You want zero-cost ASX investing — CMC charges $0 brokerage on your first ASX buy order per security per day up to $1,000
- ›You need access to 15 global markets including the UK, Canada, Japan and Europe, not just the US and Hong Kong
- ›You want a kids / minor account option for building a portfolio for your children
- ›You prefer a long-established broker — CMC Markets has been around since 1989 and is listed on the London Stock Exchange
- ›You want free off-market transfers — CMC charges $0 to transfer holdings out, versus moomoo's $55 fee
Choose
moomoo
if…
- ›You trade US stocks regularly — moomoo offers a USD account, tighter FX spread (0.003% vs 0.006%), and US fractional shares starting from $0.99 brokerage
- ›You want the lowest ASX brokerage floor — moomoo's $3 minimum beats CMC's $11 minimum for trades over $1,000
- ›You trade after hours — moomoo supports overnight US trading; CMC does not
- ›You want to test-drive the platform first — moomoo offers a demo account; CMC does not
- ›You need 24/5 customer support during US trading days, not just business hours
Where they differ
| Fact | CMC Invest | moomoo |
|---|---|---|
| ASX brokerage minimum | $11 | $3 |
| US brokerage minimum | $0 | $0.99 |
| FX spread (AUD/USD) | 0.006% | 0.003% |
| USD account | No | Yes |
| Off-market transfer fee | $0 | $55 |
Verdict
Choose CMC for free daily ASX trades and global market access; choose moomoo for cheap US trading and lower ASX brokerage.
Cost calculator
What would CMC Invest vs moomoo actually cost you?
Punch in your trade size and frequency. We'll do the full brokerage + FX + fees maths.
All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | CMC Invest | moomoo |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | chess | chess |
| Individual HIN | Yes | Yes |
| Individual account | Yes | Yes |
| Joint account | Yes | No |
| Company account | Yes | Yes |
| Trust account | Yes | Yes |
| SMSF account | Yes | Yes |
| Kids / minor account | Yes | — |
| asset coverage | ||
| ASX shares supported | Yes | Yes |
| ASX ETFs supported | Yes | Yes |
| US shares supported | Yes | Yes |
| US ETFs supported | Yes | Yes |
| Other markets supported | United Kingdom, Canada, Japan, Germany, France, Netherlands, Belgium, Spain, Switzerland, Sweden, Denmark, Norway, Singapore, Hong Kong, New Zealand | Hong Kong |
| Fractional shares (ASX) | No | No |
| Fractional shares (US) | No | Yes |
| Options trading | Yes | Yes |
| CFDs supported | No | No |
| Managed funds | Yes | No |
| Bonds supported | No | No |
| IPO access | Yes | No |
| costs hidden | ||
| FX spread (AUD/USD) | 0.6% | 0.3% |
| FX spread (other currencies) | 0.6% | 0.3% |
| Holds USD account | No | Yes |
| FX currency switch trick | — | No |
| Market data fees | $0/month | $0/month |
| Conditional order fees | $0 | $0 |
| Phone trade surcharge | $59.95 | — |
| costs visible | ||
| ASX brokerage minimum | $11 | $3 |
| ASX brokerage percentage | 0.1% | 0.03% |
| ASX brokerage threshold | $1,000 | $10,000 |
| ASX free trade conditions | $0 brokerage on first ASX buy order per security per day for trades up to $1,000 (excludes margin loan settled trades and sells) | No standard free trade conditions on ASX. Promotional sign-up rewards have offered free brokerage for limited periods to new clients. |
| US brokerage minimum | US$0 | US$0.99 |
| US brokerage percentage | 0% | 0% |
| Monthly platform fee | $0/month | $0/month |
| Annual platform fee | $0/year | $0/year |
| Inactivity fee | $15 | $0 |
| Withdrawal fee (AUD) | $0 | $0 |
| Off-market transfer fee | $0 | $55 |
| identity and trust | ||
| Legal entity name | CMC Markets Stockbroking Limited | Futu Securities (Australia) Ltd |
| AFSL number | 246,381 | 224,663 |
| Year founded | 1,989 | 2,022 |
| Parent / ownership | CMC Markets plc (LSE: CMCX) | Futu Holdings Ltd (NASDAQ: FUTU) |
| Country of incorporation | AU | AU |
| Public company status | public | public |
| money movement | ||
| Minimum initial deposit | $500 | $500 |
| Minimum subsequent purchase | $0 | $0 |
| Deposit methods | PayID, Bank transfer (EFT), BPAY | PayID, Bank transfer (OSKO/NPP) |
| Settlement period | T+2 for ASX; T+1 for US | T+2 ASX; T+1 US |
| Withdrawal time | 1-2 business days | 1-3 business days |
| platform ux | ||
| iOS app | Yes | Yes |
| Android app | Yes | Yes |
| Desktop platform | Yes | Yes |
| Demo account | No | Yes |
| Free real-time market data | Yes | Yes |
| Free research reports | Yes | Yes |
| 2FA support | authenticator app | sms |
| Customer support channels | phone, email, live chat | Phone, Live chat, Email, In-app |
| Support hours (AU time) | Monday-Friday, business hours AET (approx 8am-6pm) | 24/5 during US trading days; 9:30am-9:30pm AET weekends and holidays |
| Education content | structured courses | video + courses |
| tax and reporting | ||
| Australian tax statement | Yes | Yes |
| Distribution component breakdown | Yes | — |
| CGT calculator / report | Yes | Yes |
| Sharesight / Navexa integration | Yes | Yes |
| trading mechanics | ||
| Market orders | Yes | Yes |
| Limit orders | Yes | Yes |
| Stop loss orders | Yes | Yes |
| Conditional orders | Yes | Yes |
| Auto-invest / DCA | Yes | Yes |
| Auto-invest sophistication | single asset | multiple |
| DRP (dividend reinvestment) | Yes | Yes |
| After-hours / overnight trading | No | Yes |