Share Trading comparison
moomoo vs Sharesies
The biggest practical difference between moomoo and Sharesies is ownership structure. moomoo is CHESS-sponsored, meaning you get your own HIN and shares are held in your name. Sharesies is a custodian model — shares are held in the platform's name, not yours. That distinction ripples through everything from fees to account types to who you can trust with serious money.
Choose
moomoo
if…
- ›You want your own HIN and CHESS sponsorship so ASX-listed shares are registered in your name, not the platform's
- ›You trade US stocks frequently — moomoo charges $0.99 USD minimum and 0% commission, while Sharesies takes 1.9% capped at US$5
- ›You need company, trust, or SMSF accounts — moomoo supports all three; Sharesies only offers individual and kids accounts
- ›You want desktop trading, a demo account, and free real-time market data and research reports
- ›You trade options or want access to Hong Kong markets
Choose
Sharesies
if…
- ›You're starting with a tiny amount — Sharesies has no minimum deposit and lets you buy fractional shares on both ASX and US markets
- ›You want to invest for kids — Sharesies offers a dedicated kids account for $2/month
- ›You prefer a simple subscription model where brokerage is bundled into a flat monthly fee rather than paying per trade
- ›You want to avoid any chance of a $55 off-market transfer fee — Sharesies charges $50, but as a custodian platform you'd likely sell down rather than transfer out anyway
- ›You're a New Zealand resident or want access to NZX-listed investments
Where they differ
| Fact | moomoo | Sharesies |
|---|---|---|
| CHESS sponsorship | CHESS-sponsored (individual HIN) | Custodian model (no HIN) |
| ASX brokerage (small trade) | $3 minimum or 0.03% | 1.9% capped at $6 (or bundled in monthly plan) |
| US brokerage | $0.99 USD minimum, 0% commission | 1.9% capped at US$5 |
| Fractional shares (ASX) | Not supported | Supported |
| Account types | Individual, company, trust, SMSF | Individual and kids only |
Verdict
Choose moomoo if you want CHESS ownership, lower US fees, and advanced account types; choose Sharesies for tiny deposits, kids accounts, and fractional shares.
Cost calculator
What would moomoo vs Sharesies 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 | Sharesies |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | chess | custodian |
| Individual HIN | Yes | No |
| Individual account | Yes | Yes |
| Joint account | No | No |
| Company account | Yes | No |
| Trust account | Yes | No |
| SMSF account | Yes | No |
| 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 | NZ |
| Fractional shares (ASX) | No | Yes |
| Fractional shares (US) | Yes | Yes |
| Options trading | Yes | No |
| CFDs supported | No | No |
| Managed funds | No | No |
| Bonds supported | No | No |
| IPO access | No | No |
| costs hidden | ||
| FX spread (AUD/USD) | 0.3% | 0.6% |
| FX spread (other currencies) | 0.3% | 0.6% |
| 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 | — | No fee for receiving DRP shares ('You don't pay a Sharesies transaction fee when you receive shares through a DRP'). Sharesies handles corporate actions via the Voting & Corporate Actions Policy; specific fees for rights issues, SPP, takeovers not separately listed in pricing schedule. |
| costs visible | ||
| ASX brokerage minimum | $3 | $0 |
| ASX brokerage percentage | 0.03% | 1.9% |
| ASX brokerage threshold | $10,000 | $315.79 |
| 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. | Pay-as-you-go: 1.9% per buy/sell order, capped at AU$6 for ASX, US$5 for US, NZ$25 for NZ. Monthly plans cover transaction fees on a set volume: $5/mo plan ($54/yr) covers $500 AUD buy/sell + $1,000 AUD auto-invest; $10/mo plan ($108/yr) covers $1,000 AUD buy/sell + $3,000 AUD auto-invest; $20/mo plan ($216/yr) covers $3,000 AUD buy/sell + $8,000 AUD auto-invest. Kids plan $2/mo covers $500 buy/sell + $1,000 auto-invest. Once monthly cover used up, pay-as-you-go applies. No truly free trade option. |
| US brokerage minimum | US$0.99 | US$0 |
| US brokerage percentage | 0% | 1.9% |
| 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 | $50 |
| identity and trust | ||
| Legal entity name | Futu Securities (Australia) Ltd | Sharesies Australia Limited |
| AFSL number | 224,663 | 529,893 |
| Year founded | 2,022 | 2,021 |
| Parent / ownership | Futu Holdings Ltd (NASDAQ: FUTU) | Sharesies Group Limited (New Zealand) |
| Country of incorporation | AU | AU |
| Public company status | public | private |
| money movement | ||
| Minimum initial deposit | $500 | $1 |
| Minimum subsequent purchase | $0 | $1 |
| Deposit methods | PayID, Bank transfer (OSKO/NPP) | PayID, OSKO, direct credit, card |
| Settlement period | T+2 ASX; T+1 US | T+2 ASX/NZX, T+1 US |
| Withdrawal time | 1-3 business days | 1-2 business days for settled funds; longer if recently sold (T+2 settlement plus 1-2 days reconciliation plus 1-2 days bank transfer) |
| 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 | email, in_app |
| Support hours (AU time) | 24/5 during US trading days; 9:30am-9:30pm AET weekends and holidays | Monday to Friday, 6 AM to 4 PM AEST |
| Education content | video + courses | basic_articles |
| tax and reporting | ||
| Australian tax statement | Yes | Yes |
| Distribution component breakdown | — | Yes |
| CGT calculator / report | Yes | Yes |
| 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 | Yes |
| Auto-invest sophistication | multiple | multiple_assets |
| DRP (dividend reinvestment) | Yes | Yes |
| After-hours / overnight trading | Yes | Yes |