Share Trading comparison
moomoo vs tastytrade
The biggest difference is simple: moomoo lets you trade ASX shares under CHESS sponsorship with your own HIN, while tastytrade is a US-only broker that doesn't offer ASX at all. So if you want to buy Australian stocks or ETFs, tastytrade is off the table from the start. For US-focused traders, the choice comes down to fees, features and whether you want fractional shares and auto-invest.
Choose
moomoo
if…
- ›You want to trade ASX shares and ETFs under CHESS sponsorship with your own HIN
- ›You want zero-commission US trading with fractional shares and a low US brokerage minimum of $0.99 USD
- ›You want auto-invest / DCA features to dollar-cost average into the market
- ›You want a low FX spread of 0.003% and the ability to deposit via PayID or OSKO
- ›You want Australian tax statements and CGT reports built in
Choose
tastytrade
if…
- ›You only trade US stocks, ETFs and options and don't need ASX access at all
- ›You want zero minimum deposit and zero US brokerage minimum — no upfront commitment required
- ›You're an active options trader who wants a platform built specifically for multi-leg options strategies
- ›You want to trade US bonds alongside equities and options
- ›You prefer authenticator-app 2FA over SMS-based security
Where they differ
| Fact | moomoo | tastytrade |
|---|---|---|
| ASX trading & CHESS sponsorship | Yes — CHESS sponsored with individual HIN | No — tastytrade does not offer ASX trading |
| US brokerage minimum | $0.99 USD | $0 USD |
| Fractional shares (US) | Yes | No |
| Auto-invest / DCA | Yes — multiple level | No |
| Deposit methods | PayID, Bank transfer (OSKO/NPP) | International wire (USD), ACH (US only), cheque (US only) |
Verdict
Pick moomoo if you want ASX access, CHESS sponsorship and fractional US shares; pick tastytrade only if you're US-only and options-focused.
Cost calculator
What would moomoo vs tastytrade 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 | tastytrade |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | chess | custodian |
| Individual HIN | Yes | No |
| Individual account | Yes | Yes |
| Joint account | No | Yes |
| Company account | Yes | Yes |
| Trust account | Yes | Yes |
| SMSF account | Yes | No |
| Kids / minor account | — | No |
| asset coverage | ||
| ASX shares supported | Yes | No |
| ASX ETFs supported | Yes | No |
| US shares supported | Yes | Yes |
| US ETFs supported | Yes | Yes |
| Other markets supported | Hong Kong | |
| Fractional shares (ASX) | No | No |
| Fractional shares (US) | Yes | No |
| Options trading | Yes | Yes |
| CFDs supported | No | No |
| Managed funds | No | No |
| Bonds supported | No | Yes |
| IPO access | No | No |
| costs hidden | ||
| FX spread (AUD/USD) | 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 | — | Standard US corporate action processing applies (dividends, splits, mergers). Mandatory corporate actions are processed at no fee; voluntary corporate actions (e.g. tender offers) may incur a fee per tastytrade's fee schedule. |
| 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. | Not applicable — tastytrade does not offer ASX trading. |
| US brokerage minimum | US$0.99 | US$0 |
| 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 | — |
| Off-market transfer fee | $55 | — |
| identity and trust | ||
| Legal entity name | Futu Securities (Australia) Ltd | tastytrade, Inc. |
| AFSL number | 224,663 | — |
| Year founded | 2,022 | 2,017 |
| Parent / ownership | Futu Holdings Ltd (NASDAQ: FUTU) | IG Group Holdings plc (LSE: IGG) |
| Country of incorporation | AU | US |
| Public company status | public | public |
| money movement | ||
| Minimum initial deposit | $500 | $0 |
| Minimum subsequent purchase | $0 | $0 |
| Deposit methods | PayID, Bank transfer (OSKO/NPP) | international wire (USD), ACH (US only), check (US only) |
| Settlement period | T+2 ASX; T+1 US | T+1 (US equities/ETFs, from May 2024) |
| Withdrawal time | 1-3 business days | International wire withdrawals to AU typically 3-5 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 | Yes | Yes |
| Free research reports | Yes | No |
| 2FA support | sms | authenticator app |
| Customer support channels | Phone, Live chat, Email, In-app | phone, email, live chat |
| Support hours (AU time) | 24/5 during US trading days; 9:30am-9:30pm AET weekends and holidays | Monday-Friday, approx. 7am-5pm US Central Time = approx. 10pm-8am AET (next day). Weekend support limited. No AU business-hours coverage. |
| Education content | video + courses | video + courses |
| tax and reporting | ||
| Australian tax statement | Yes | No |
| Distribution component breakdown | — | No |
| CGT calculator / report | Yes | Yes |
| 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 | No |
| Auto-invest sophistication | multiple | none |
| DRP (dividend reinvestment) | Yes | No |
| After-hours / overnight trading | Yes | Yes |