Share Trading comparison
Bendigo Invest Direct vs moomoo
The biggest difference here is cost. Moomoo charges just $3 on ASX trades under $10,000, while Bendigo Invest Direct starts at $19.95. But Bendigo is CHESS-sponsored with your own HIN, whereas moomoo uses a custodian model — so you're trading off ownership structure for much cheaper brokerage.
Choose
Bendigo Invest Direct
if…
- ›You want CHESS sponsorship and your own HIN — Bendigo gives you direct ASX ownership, moomoo does not
- ›You trade international markets beyond the US and Hong Kong — Bendigo covers 17 countries including the UK, Japan, and Europe
- ›You need managed funds or bonds — Bendigo supports both; moomoo doesn't
- ›You want joint accounts — Bendigo offers them; moomoo only offers individual, company, trust and SMSF accounts
- ›You're comfortable paying $19.95 per ASX trade for the security of bank-backed CHESS ownership
Choose
moomoo
if…
- ›You want the lowest ASX brokerage — moomoo's $3 minimum on trades under $10,000 is a fraction of Bendigo's $19.95
- ›You trade US stocks regularly — moomoo holds a USD account to avoid FX conversion on every trade, and charges just $0.99 USD minimum
- ›You want fractional US shares — moomoo lets you buy partial shares of US stocks; Bendigo doesn't
- ›You want auto-invest or dollar-cost averaging — moomoo supports it with multiple scheduling options; Bendigo has none
- ›You want free market data — moomoo includes it at no cost; Bendigo charges $41.25/month for live ASX data
Where they differ
| Fact | Bendigo Invest Direct | moomoo |
|---|---|---|
| ASX brokerage minimum | $19.95 | $3.00 |
| CHESS sponsorship | Yes — individual HIN | Yes — individual HIN |
| USD account | No | Yes |
| Market data fees | $41.25/month | $0/month |
| Fractional US shares | Not supported | Supported |
Verdict
Pick Bendigo for CHESS ownership and multi-market access; pick moomoo for low fees, US trading, and automation.
Cost calculator
What would Bendigo Invest Direct 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 | Bendigo Invest Direct | moomoo |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | chess | chess |
| Individual HIN | Yes | 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 | UK, JP, CA, DE, FR, HK, SG, NZ, NL, BE, PT, ES, IT, NO, SE | Hong Kong |
| Fractional shares (ASX) | No | No |
| Fractional shares (US) | No | Yes |
| Options trading | Yes | Yes |
| CFDs supported | No | No |
| Managed funds | Yes | No |
| Bonds supported | Yes | 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 | No | Yes |
| FX currency switch trick | — | No |
| Market data fees | $41.25/month | $0/month |
| Conditional order fees | $0 | $0 |
| Phone trade surcharge | $50 | — |
| Corporate action fees | BPAY for corporate actions $10; IPO/Placement booking fee $55 per stock | — |
| costs visible | ||
| ASX brokerage minimum | $19.95 | $3 |
| ASX brokerage percentage | 0.11% | 0.03% |
| ASX brokerage threshold | $22,000 | $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 | 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 |
| Withdrawal fee (AUD) | $35 | $0 |
| Off-market transfer fee | $55 | $55 |
| identity and trust | ||
| Legal entity name | CMC Markets Stockbroking Limited | Futu Securities (Australia) Ltd |
| AFSL number | 246,381 | 224,663 |
| Year founded | — | 2,022 |
| Parent / ownership | Bendigo and Adelaide Bank Limited (ABN 11 068 049 178); service operated by CMC Markets Stockbroking Limited, a member of the CMC Markets Group (CMC Markets plc, LSE-listed) | Futu Holdings Ltd (NASDAQ: FUTU) |
| Country of incorporation | AU | AU |
| Public company status | public (Bendigo and Adelaide Bank ASX:BEN; CMC Markets plc LSE:CMCX) | public |
| money movement | ||
| Minimum initial deposit | $500 | $500 |
| Minimum subsequent purchase | — | $0 |
| Deposit methods | BPAY, direct credit | PayID, Bank transfer (OSKO/NPP) |
| Settlement period | T+2 ASX (CHESS settlement) | T+2 ASX; T+1 US |
| Withdrawal time | — | 1-3 business days |
| platform ux | ||
| iOS app | Yes | Yes |
| Android app | Yes | Yes |
| Desktop platform | Yes | Yes |
| Demo account | — | Yes |
| Free real-time market data | Yes | Yes |
| Free research reports | Yes | Yes |
| 2FA support | — | sms |
| Customer support channels | phone, email, live_chat, in_app | Phone, Live chat, Email, In-app |
| Support hours (AU time) | Mon-Fri 7:30am-7:00pm (chat/email) and 7:30am-5:30pm (phone) AEST/AEDT | 24/5 during US trading days; 9:30am-9:30pm AET weekends and holidays |
| Education content | basic_articles | video + courses |
| tax and reporting | ||
| Australian tax statement | Yes | Yes |
| 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 | No | Yes |
| Auto-invest sophistication | none | multiple |
| DRP (dividend reinvestment) | Yes | Yes |
| After-hours / overnight trading | No | Yes |