Share Trading comparison
IG Australia vs moomoo
The biggest difference between IG Australia and moomoo is how they hold your ASX shares. IG uses a custodial model — you don't get a HIN and shares sit in a nominee company — while moomoo is CHESS-sponsored, giving you an individual HIN and direct ASX registration. That structural choice ripples through fees, features and which investor each platform suits.
Choose
IG Australia
if…
- ›You want $0 commission on ASX trades with no minimums or conditions attached
- ›You trade international markets — IG covers the UK, Germany and Ireland alongside the US, all with a single platform
- ›You want to deposit via multiple methods including PayPal, Apple Pay, Google Pay or credit card
- ›You need joint, company, trust or SMSF account structures alongside individual accounts
- ›You're a CFD trader who also wants share trading under one login
Choose
moomoo
if…
- ›You insist on CHESS sponsorship and want your own HIN for direct ASX ownership
- ›You buy US stocks regularly — moomoo's US brokerage starts at $0.99 and its FX spread (0.003%) is half IG's 0.007%
- ›You want fractional US shares, dividend reinvestment (DRP) and auto-invest/DCA with multiple rules
- ›You trade US options — moomoo supports options trading; IG does not
- ›You want free real-time market data included, not an add-on
Where they differ
| Fact | IG Australia | moomoo |
|---|---|---|
| ASX brokerage (under $10k) | $0 | $3 or 0.03% (whichever higher) |
| CHESS sponsorship | Custodial (no HIN) | CHESS-sponsored (individual HIN) |
| US brokerage minimum | $0 | $0.99 |
| Fractional US shares | Not supported | Supported |
| FX spread (AUD/USD) | 0.007% | 0.003% |
Verdict
Choose IG for zero-fee ASX trading and multi-market access; choose moomoo for CHESS ownership, US options and lower FX costs.
Cost calculator
What would IG Australia 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 | IG Australia | moomoo |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | custodian | chess |
| Individual HIN | No | Yes |
| Individual account | Yes | Yes |
| Joint account | Yes | No |
| Company account | Yes | Yes |
| Trust account | Yes | Yes |
| SMSF account | Yes | 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, Germany, Ireland | Hong Kong |
| Fractional shares (ASX) | No | No |
| Fractional shares (US) | No | Yes |
| Options trading | No | Yes |
| CFDs supported | Yes | No |
| Managed funds | No | No |
| Bonds supported | No | No |
| IPO access | Yes | No |
| costs hidden | ||
| FX spread (AUD/USD) | 0.7% | 0.3% |
| FX spread (other currencies) | 0.7% | 0.3% |
| Holds USD account | Yes | Yes |
| FX currency switch trick | — | No |
| Market data fees | $0/month | $0/month |
| Conditional order fees | $0 | $0 |
| Corporate action fees | Corporate actions (dividends, splits, rights issues, takeovers) for shares held in custody are processed by IG via Citicorp Nominees; cash dividends are credited net of withholding to client ledger. SPP/rights elections are limited under the custodial model and detailed fees are disclosed in the IG Share Trading Customer Agreement / FSG. | — |
| costs visible | ||
| ASX brokerage minimum | $0 | $3 |
| ASX brokerage percentage | 0% | 0.03% |
| ASX brokerage threshold | $10,000 | $10,000 |
| ASX free trade conditions | $0 commission on all ASX shares and ETFs on the IG Share Trading account (no conditions/minimum trade count). A 0.25% p.a. platform fee on holdings value applies; 0.7% FX fee applies to international trades. | 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 | $0 | $0 |
| Withdrawal fee (AUD) | $0 | $0 |
| Off-market transfer fee | — | $55 |
| identity and trust | ||
| Legal entity name | IG Australia Pty Ltd | Futu Securities (Australia) Ltd |
| AFSL number | 515,106 | 224,663 |
| Year founded | 2,002 | 2,022 |
| Parent / ownership | IG Group Holdings plc (LSE: IGG) | Futu Holdings Ltd (NASDAQ: FUTU) |
| Country of incorporation | AU | AU |
| Public company status | public | public |
| money movement | ||
| Minimum initial deposit | $0 | $500 |
| Minimum subsequent purchase | — | $0 |
| Deposit methods | bank transfer, BPAY, debit card, credit card, PayPal, Apple Pay, Google Pay | PayID, Bank transfer (OSKO/NPP) |
| Settlement period | T+2 (ASX), T+1 (US) | T+2 ASX; T+1 US |
| Withdrawal time | 1-3 business days | 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 | No | Yes |
| Free research reports | Yes | Yes |
| 2FA support | authenticator app | sms |
| Customer support channels | phone, email, live chat, social media | Phone, Live chat, Email, In-app |
| Support hours (AU time) | 24/5 Monday to Friday (closed weekends) | 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 | — | 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 |