Share Trading comparison
easyMarkets vs moomoo
easyMarkets and moomoo aren't really competitors — they're built for completely different jobs. easyMarkets is a CFD and options broker that doesn't support ASX shares at all, while moomoo is a full-fledged CHESS-sponsored share broker with access to ASX, US and Hong Kong markets. If you want to actually own Australian shares under your own HIN, moomoo is the only option here.
Choose
easyMarkets
if…
- ›You want to trade CFDs, forex or options on margin rather than buy physical shares
- ›You're looking for a low $25 minimum deposit to get started
- ›You prefer to deposit via crypto, Skrill, Neteller or POLi alongside standard bank methods
- ›You want a demo account with structured educational courses to learn trading strategies
Choose
moomoo
if…
- ›You want to buy and own real ASX shares under your own HIN with CHESS sponsorship
- ›You want US fractional shares and ultra-low US brokerage from $0.99
- ›You need auto-invest / DCA capabilities with multiple configuration options
- ›You want a comprehensive Australian tax statement and CGT calculator at EOFY
- ›You're happy to deposit $500 minimum and want access to Hong Kong markets too
Where they differ
| Fact | easyMarkets | moomoo |
|---|---|---|
| ASX share ownership | Not supported | Supported (CHESS-sponsored, individual HIN) |
| Minimum deposit | $25 AUD | $500 AUD |
| US fractional shares | Not supported | Supported |
| Inactivity fee | $25 AUD | $0 AUD |
| Auto-invest / DCA | Not available | Available (multiple sophistication levels) |
Verdict
If you want to own real shares on the ASX, choose moomoo. If you want CFDs and forex, choose easyMarkets — they're not the same product.
All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | easyMarkets | moomoo |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | — | chess |
| Individual HIN | — | Yes |
| Individual account | Yes | Yes |
| Joint account | No | No |
| Company account | Yes | Yes |
| Trust account | No | Yes |
| SMSF account | No | Yes |
| Kids / minor account | No | — |
| asset coverage | ||
| ASX shares supported | No | Yes |
| ASX ETFs supported | No | Yes |
| US shares supported | No | Yes |
| US ETFs supported | No | Yes |
| Other markets supported | Hong Kong | |
| Fractional shares (ASX) | No | No |
| Fractional shares (US) | No | Yes |
| Options trading | Yes | Yes |
| CFDs supported | Yes | No |
| Managed funds | No | No |
| Bonds supported | No | No |
| IPO access | No | No |
| costs hidden | ||
| FX spread (AUD/USD) | — | 0.3% |
| FX spread (other currencies) | — | 0.3% |
| Holds USD account | Yes | Yes |
| FX currency switch trick | No | No |
| Market data fees | $0/month | $0/month |
| Conditional order fees | $0 | $0 |
| costs visible | ||
| ASX brokerage minimum | — | $3 |
| ASX brokerage percentage | — | 0.03% |
| ASX brokerage threshold | — | $10,000 |
| ASX free trade conditions | — | 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$0.99 |
| US brokerage percentage | — | 0% |
| Monthly platform fee | $0/month | $0/month |
| Annual platform fee | $0/year | $0/year |
| Inactivity fee | $25 | $0 |
| Withdrawal fee (AUD) | $0 | $0 |
| Off-market transfer fee | — | $55 |
| identity and trust | ||
| Legal entity name | easyMarkets Pty Ltd | Futu Securities (Australia) Ltd |
| AFSL number | 246,566 | 224,663 |
| Year founded | 2,003 | 2,022 |
| Parent / ownership | Blue Capital Markets Ltd (private, Cyprus-headquartered easyMarkets group) | Futu Holdings Ltd (NASDAQ: FUTU) |
| Country of incorporation | AU | AU |
| Public company status | private | public |
| money movement | ||
| Minimum initial deposit | $25 | $500 |
| Minimum subsequent purchase | $0 | $0 |
| Deposit methods | Credit/Debit Card (Visa, Mastercard, Amex), Bank Wire Transfer, BPAY, Skrill, Neteller, POLi, Crypto (BTC, ETH, USDT) | PayID, Bank transfer (OSKO/NPP) |
| Settlement period | — | T+2 ASX; T+1 US |
| Withdrawal time | 1 business day to process; 3-10 business days for funds to arrive depending on method | 1-3 business days |
| platform ux | ||
| iOS app | Yes | Yes |
| Android app | Yes | Yes |
| Desktop platform | Yes | Yes |
| Demo account | Yes | Yes |
| Free real-time market data | Yes | Yes |
| Free research reports | Yes | Yes |
| 2FA support | SMS + authenticator | sms |
| Customer support channels | phone, email, live chat | Phone, Live chat, Email, In-app |
| Support hours (AU time) | 24/5 (Monday to Friday, around the clock during market hours) | 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 | No | Yes |
| Distribution component breakdown | No | — |
| CGT calculator / report | No | Yes |
| Sharesight / Navexa integration | No | Yes |
| trading mechanics | ||
| Market orders | Yes | Yes |
| Limit orders | Yes | Yes |
| Stop loss orders | Yes | Yes |
| Conditional orders | Yes | Yes |
| Auto-invest / DCA | No | Yes |
| Auto-invest sophistication | none | multiple |
| DRP (dividend reinvestment) | No | Yes |
| After-hours / overnight trading | Yes | Yes |