Share Trading comparison
moomoo vs SelfWealth
The biggest practical difference between moomoo and SelfWealth is cost. moomoo charges just $3 on ASX trades and near-zero FX spreads (0.003%), while SelfWealth charges $9.50 per trade and a 0.6% FX spread on US stocks. Both are CHESS-sponsored, but moomoo is the newer, feature-packed platform backed by a NASDAQ-listed parent, whereas SelfWealth is the older, simpler option now owned by Syfe.
Choose
moomoo
if…
- ›You trade US stocks regularly — moomoo's $0.99 USD minimum and 0.003% FX spread is far cheaper than SelfWealth's $9.50 USD and 0.6% spread.
- ›You want fractional US shares and options trading, neither of which SelfWealth offers.
- ›You value a desktop platform, demo account, and free real-time market data and research reports.
- ›You're a frequent ASX trader — moomoo's $3 brokerage under $10,000 beats SelfWealth's flat $9.50.
- ›You want a fully-featured mobile app with 24/5 support during US trading hours.
Choose
SelfWealth
if…
- ›You want a joint account or a kids/minor account — moomoo doesn't offer either.
- ›You prefer a longer-established Australian brand (founded 2012) with a simpler, no-frills approach.
- ›You plan to transfer out eventually — SelfWealth's off-market transfer fee is $27.50 versus moomoo's $55.
- ›You want authenticator-app 2FA rather than SMS-based security.
- ›You're happy to pay $9.50 per trade for a straightforward, CHESS-sponsored experience without extra features you won't use.
Where they differ
| Fact | moomoo | SelfWealth |
|---|---|---|
| ASX brokerage (minimum) | $3 | $9.50 |
| US brokerage (minimum) | $0.99 USD | $9.50 USD |
| FX spread (AUD/USD) | 0.003% | 0.6% |
| Off-market transfer fee | $55 | $27.50 |
| Fractional shares (US) & Options | Yes (both) | No (neither) |
Verdict
For most investors, moomoo wins on cost and features; choose SelfWealth only if you need joint/kids accounts or prefer a simpler, older platform.
Cost calculator
What would moomoo vs SelfWealth 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 | moomoo | SelfWealth |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | chess | mixed |
| Individual HIN | Yes | Yes |
| Individual account | Yes | Yes |
| Joint account | No | Yes |
| 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 | Hong Kong | HK |
| Fractional shares (ASX) | No | No |
| Fractional shares (US) | Yes | No |
| Options trading | Yes | No |
| CFDs supported | No | No |
| Managed funds | No | No |
| Bonds supported | No | No |
| IPO access | No | — |
| costs hidden | ||
| FX spread (AUD/USD) | 0.3% | 60% |
| FX spread (other currencies) | 0.3% | — |
| Holds USD account | Yes | Yes |
| FX currency switch trick | No | — |
| Market data fees | $0/month | $0/month |
| Conditional order fees | $0 | $0 |
| costs visible | ||
| ASX brokerage minimum | $3 | $9.5 |
| 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. | Selfwealth Premium subscribers ($29/month or $240/year) receive 10 complimentary trades annually; otherwise no free-trade conditions. |
| US brokerage minimum | US$0.99 | US$9.5 |
| US brokerage percentage | 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 | $27.5 |
| identity and trust | ||
| Legal entity name | Futu Securities (Australia) Ltd | SelfWealth Pty Ltd |
| AFSL number | 224,663 | 421,789 |
| Year founded | 2,022 | 2,012 |
| Parent / ownership | Futu Holdings Ltd (NASDAQ: FUTU) | Syfe (Svava Pte Ltd, Singapore) |
| Country of incorporation | AU | AU |
| Public company status | public | private |
| money movement | ||
| Minimum initial deposit | $500 | $500 |
| Minimum subsequent purchase | $0 | $0 |
| Deposit methods | PayID, Bank transfer (OSKO/NPP) | OSKO, BPAY, EFT/bank transfer |
| Settlement period | T+2 ASX; T+1 US | T+2 |
| Withdrawal time | 1-3 business days | 1-2 business days |
| platform ux | ||
| iOS app | Yes | Yes |
| Android app | Yes | Yes |
| Desktop platform | Yes | No |
| Demo account | Yes | No |
| Free real-time market data | Yes | No |
| Free research reports | Yes | No |
| 2FA support | sms | authenticator app |
| Customer support channels | Phone, Live chat, Email, In-app | live chat, email, phone |
| Support hours (AU time) | 24/5 during US trading days; 9:30am-9:30pm AET weekends and holidays | 10am-4pm AET, Monday-Friday (closed public holidays) |
| Education content | video + courses | basic articles |
| tax and reporting | ||
| Australian tax statement | Yes | Yes |
| CGT calculator / report | Yes | No |
| 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 | multiple | multiple |
| DRP (dividend reinvestment) | Yes | Yes |
| After-hours / overnight trading | Yes | Yes |