Share Trading comparison
eToro vs moomoo
The biggest practical difference between eToro and moomoo comes down to ownership structure. eToro holds your ASX shares in a custodian model — you don't get a HIN and can't vote or participate in rights issues. moomoo is CHESS-sponsored, meaning you get your own HIN and your holdings are directly registered with the ASX. That single distinction shapes which investor each platform suits.
Choose
eToro
if…
- ›You want zero brokerage on ASX trades — eToro charges $0 for non-leveraged ASX purchases, while moomoo charges a minimum of $3
- ›You want to trade fractional shares on ASX stocks, which eToro supports but moomoo does not
- ›You want to trade CFDs, crypto, or access 13+ international markets beyond the US and Hong Kong
- ›You want a low minimum deposit of $50 and flexible funding via PayPal, credit card, or Skrill
Choose
moomoo
if…
- ›You want CHESS sponsorship and your own HIN so your ASX holdings are registered in your name, not a custodian
- ›You trade US options — moomoo supports options trading; eToro does not
- ›You want a proper desktop trading platform with advanced charting and free research reports
- ›You want dividend reinvestment (DRP) and the ability to integrate with Sharesight or Navexa for portfolio tracking
Where they differ
| Fact | eToro | moomoo |
|---|---|---|
| ASX brokerage | $0 (all non-leveraged purchases) | $3 minimum or 0.03% |
| CHESS sponsorship | Custodian model — no individual HIN | CHESS-sponsored — individual HIN provided |
| FX spread (AUD/USD) | 0.0075% | 0.003% |
| Options trading | Not supported | Supported |
| Inactivity fee | $10 | $0 |
Verdict
Choose eToro for zero-fee ASX trades and fractional shares; choose moomoo for CHESS sponsorship, options, and a proper trading platform.
Cost calculator
What would eToro 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 | eToro | moomoo |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | custodian | chess |
| Individual HIN | No | Yes |
| Individual account | Yes | Yes |
| Joint account | No | No |
| Company account | Yes | Yes |
| Trust account | Yes | Yes |
| SMSF account | Yes | Yes |
| Kids / minor account | No | — |
| 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 States, United Kingdom, Germany, France, Hong Kong, Italy, Spain, Netherlands, Sweden, Belgium, Denmark, Norway, Finland, Switzerland, Portugal | Hong Kong |
| Fractional shares (ASX) | Yes | No |
| Fractional shares (US) | Yes | Yes |
| Options trading | No | Yes |
| CFDs supported | Yes | No |
| Crypto trading | Yes | — |
| Managed funds | No | No |
| Bonds supported | No | No |
| IPO access | No | No |
| costs hidden | ||
| FX spread (AUD/USD) | 0.75% | 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 |
| Corporate action fees | eToro passes through cash dividends from non-leveraged real positions (debit/credit to wallet). It does not facilitate participation in rights issues, share purchase plans (SPPs), DRPs or shareholder votes because shares are held in a managed investment scheme by the custodian, not in the user's name. No explicit fee, but corporate action access is materially restricted. | — |
| costs visible | ||
| ASX brokerage minimum | $0 | $3 |
| ASX brokerage percentage | 0% | 0.03% |
| ASX brokerage threshold | — | $10,000 |
| ASX free trade conditions | Zero commission applies to all non-leveraged (real) ASX share and ETF purchases. Leveraged / short positions are executed as CFDs and incur 0.15% open/close spread plus overnight financing. | 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 | $10 | $0 |
| Withdrawal fee (AUD) | $0 | $0 |
| Off-market transfer fee | — | $55 |
| identity and trust | ||
| Legal entity name | eToro AUS Capital Limited | Futu Securities (Australia) Ltd |
| AFSL number | 491,139 | 224,663 |
| AUSTRAC registration | Yes | — |
| Year founded | 2,017 | 2,022 |
| Parent / ownership | eToro Group Ltd (NASDAQ: ETOR) — listed 14 May 2025; originally founded in Israel by Yoni and Ronen Assia. eToro AUS Capital Limited is a wholly-owned Australian subsidiary. | Futu Holdings Ltd (NASDAQ: FUTU) |
| Country of incorporation | Australia | AU |
| Public company status | public | public |
| money movement | ||
| Minimum initial deposit | $50 | $500 |
| Minimum subsequent purchase | $50 | $0 |
| Deposit methods | Bank transfer, Debit card, Credit card, PayPal, Skrill, Neteller, POLi, Online banking | PayID, Bank transfer (OSKO/NPP) |
| Settlement period | T+2 ASX, T+1 US (settlement managed by the eToro Service custodian; user funds reflect immediately in eToro wallet) | T+2 ASX; T+1 US |
| Withdrawal time | 1-2 business days for eToro processing; total 2-10 business days end-to-end depending on payment method (bank transfer longer than card) | 1-3 business days |
| platform ux | ||
| iOS app | Yes | Yes |
| Android app | Yes | Yes |
| Desktop platform | No | Yes |
| Demo account | Yes | Yes |
| Free real-time market data | Yes | Yes |
| Free research reports | No | Yes |
| 2FA support | SMS + authenticator app | sms |
| Customer support channels | Live chat (Club members only), Email / web ticket, Help centre | Phone, Live chat, Email, In-app |
| Support hours (AU time) | — | 24/5 during US trading days; 9:30am-9:30pm AET weekends and holidays |
| Education content | video + courses | video + courses |
| tax and reporting | ||
| Australian tax statement | Yes | Yes |
| CGT calculator / report | Yes | 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 | Yes | Yes |
| Auto-invest sophistication | multiple | multiple |
| DRP (dividend reinvestment) | No | Yes |
| After-hours / overnight trading | No | Yes |