Share Trading comparison
moomoo vs Plus500
Moomoo and Plus500 look like they compete, but they operate in completely different worlds. Moomoo is a real CHESS-sponsored broker where you own actual ASX and US shares under your own HIN. Plus500 is a CFD provider — you never own the underlying asset, you're trading a contract with the platform. That single difference dictates everything else.
Choose
moomoo
if…
- ›You want to own real ASX shares under your own HIN with CHESS sponsorship
- ›You trade US stocks and want near-zero FX spreads (0.003% vs Plus500's 0.7%)
- ›You need a proper tax statement, CGT report, and Sharesight integration for end-of-year
- ›You want to set up auto-invest or DCA into ETFs and stocks
- ›You're building a long-term portfolio and want dividend reinvestment (DRP)
Choose
Plus500
if…
- ›You only want to trade CFDs on margin and have no interest in owning the underlying shares
- ›You want a low minimum deposit ($100) and more deposit options including PayPal, credit card and Apple Pay
- ›You need 24/7 customer support via live chat, WhatsApp or email
- ›You're a short-term speculator who doesn't need tax statements or CGT reports
- ›You want to avoid any inactivity fee — wait, Plus500 charges $10/month after a period of inactivity, so skip this one
Where they differ
| Fact | moomoo | Plus500 |
|---|---|---|
| What you actually buy | Real shares under your HIN (CHESS-sponsored) | CFD contracts only — no real shares, no HIN |
| ASX brokerage | From $3 (0.03% over $10k) | Not applicable — no ASX share trading |
| FX spread on AUD/USD | 0.003% | 0.7% |
| Inactivity fee | $0 | $10/month after inactivity |
| Auto-invest / DRP | Yes (auto-invest + DRP) | No (not applicable to CFDs) |
Verdict
If you want to own shares and build wealth, use Moomoo. If you want to speculate on price moves with leverage, use Plus500.
All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | moomoo | Plus500 |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | chess | — |
| Individual HIN | Yes | — |
| Individual account | Yes | Yes |
| Joint account | No | No |
| Company account | Yes | Yes |
| Trust account | Yes | No |
| SMSF account | Yes | No |
| Kids / minor account | — | No |
| asset coverage | ||
| ASX shares supported | Yes | No |
| ASX ETFs supported | Yes | No |
| US shares supported | Yes | No |
| US ETFs supported | Yes | No |
| Other markets supported | Hong Kong | |
| Fractional shares (ASX) | No | No |
| Fractional shares (US) | Yes | No |
| Options trading | Yes | Yes |
| CFDs supported | No | Yes |
| Managed funds | No | No |
| Bonds supported | No | No |
| IPO access | No | No |
| costs hidden | ||
| FX spread (AUD/USD) | 0.3% | 70% |
| FX spread (other currencies) | 0.3% | — |
| Holds USD account | Yes | No |
| FX currency switch trick | No | — |
| Market data fees | $0/month | $0/month |
| Conditional order fees | $0 | $0 |
| Corporate action fees | — | Not applicable — Plus500 only offers CFDs, so users do not participate in real corporate actions (rights issues, SPPs, takeovers). Dividend adjustments on share CFDs are credited/debited to positions automatically. |
| 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 | $0 | $10 |
| Withdrawal fee (AUD) | $0 | $0 |
| Off-market transfer fee | $55 | — |
| identity and trust | ||
| Legal entity name | Futu Securities (Australia) Ltd | Plus500AU Pty Ltd |
| AFSL number | 224,663 | 417,727 |
| Year founded | 2,022 | 2,008 |
| Parent / ownership | Futu Holdings Ltd (NASDAQ: FUTU) | Plus500 Ltd (UK/Israel, LSE-listed parent) |
| Country of incorporation | AU | AU |
| Public company status | public | public |
| money movement | ||
| Minimum initial deposit | $500 | $100 |
| Minimum subsequent purchase | $0 | — |
| Deposit methods | PayID, Bank transfer (OSKO/NPP) | BPAY, Bank transfer, Credit/debit card, PayPal, Apple Pay, Google Pay |
| Settlement period | T+2 ASX; T+1 US | — |
| Withdrawal time | 1-3 business days | Typically 1-3 business days; same payment method as deposit (card, bank, e-wallet). |
| platform ux | ||
| iOS app | Yes | Yes |
| Android app | Yes | Yes |
| Desktop platform | Yes | No |
| Demo account | Yes | Yes |
| Free real-time market data | Yes | Yes |
| Free research reports | Yes | Yes |
| 2FA support | sms | SMS only |
| Customer support channels | Phone, Live chat, Email, In-app | Live chat, Email, WhatsApp, Contact form |
| Support hours (AU time) | 24/5 during US trading days; 9:30am-9:30pm AET weekends and holidays | 24/7 live chat, email and WhatsApp support |
| Education content | video + courses | structured courses |
| tax and reporting | ||
| Australian tax statement | Yes | No |
| Distribution component breakdown | — | No |
| CGT calculator / report | Yes | No |
| Sharesight / Navexa integration | Yes | No |
| trading mechanics | ||
| Market orders | Yes | Yes |
| Limit orders | Yes | Yes |
| Stop loss orders | Yes | Yes |
| Conditional orders | Yes | Yes |
| Auto-invest / DCA | Yes | No |
| Auto-invest sophistication | multiple | none |
| DRP (dividend reinvestment) | Yes | No |
| After-hours / overnight trading | Yes | Yes |