CMC Invest vs moomoo
The practical split is cost versus breadth. moomoo is cheaper on ASX trades (0.03% with a $3 minimum versus CMC's 0.1% with an $11 minimum) and gives you a real USD account, while CMC Invest covers 16 overseas markets, offers IPO access and managed funds, and has been running since 1989 under a listed UK parent.
- ›Want to trade beyond the ASX and US into the UK, Canada, Japan, Hong Kong and most of Europe from one account
- ›Care about a long track record and a listed parent, with CMC Markets plc on the LSE behind the AFSL
- ›Need joint accounts, kids accounts, managed funds or IPO allocations that moomoo does not offer
- ›Prefer authenticator-app 2FA over SMS codes
- ›Want the $0 brokerage on your first ASX buy order each day up to $1,000
- ›Want the lowest ASX brokerage, at 0.03% with a $3 minimum instead of CMC's 0.1% and $11 minimum
- ›Trade US shares and want to hold a USD account so you are not converting on every trade
- ›Want fractional US shares to buy expensive names with small amounts
- ›Trade US markets overnight and need after-hours access plus 24/5 support
- ›Want a demo account to practise before committing real money
Where they differ
| Fact | CMC Invest | moomoo |
|---|---|---|
| ASX brokerage | 0.1% with an $11 minimum | 0.03% with a $3 minimum |
| US brokerage | $0 | US$0.99 minimum, 0% of trade |
| USD account | No | Yes |
| Overseas markets | 16 markets including UK, Canada, Japan and Europe | Hong Kong only beyond ASX and US |
| Inactivity fee | $15 | $0 |
Pick moomoo for cheaper ASX and US trading with a USD account; pick CMC Invest for global markets, IPO access and a longer track record.
Common questions
How do CMC Invest and moomoo compare on asx brokerage?
CMC Invest: 0.1% with an $11 minimum. moomoo: 0.03% with a $3 minimum. moomoo is roughly a third of the cost on most ASX trades.
How do CMC Invest and moomoo compare on us brokerage?
CMC Invest: $0. moomoo: US$0.99 minimum, 0% of trade. CMC is free on US trades; moomoo charges a flat minimum per order.
How do CMC Invest and moomoo compare on usd account?
CMC Invest: No. moomoo: Yes. Holding USD avoids repeated FX conversion on US trades.
When is CMC Invest the better choice over moomoo?
Pick CMC Invest if want to trade beyond the ASX and US into the UK, Canada, Japan, Hong Kong and most of Europe from one account; care about a long track record and a listed parent, with CMC Markets plc on the LSE behind the AFSL; need joint accounts, kids accounts, managed funds or IPO allocations that moomoo does not offer; or prefer authenticator-app 2FA over SMS codes.
When is moomoo the better choice over CMC Invest?
Pick moomoo if want the lowest ASX brokerage, at 0.03% with a $3 minimum instead of CMC's 0.1% and $11 minimum; trade US shares and want to hold a USD account so you are not converting on every trade; want fractional US shares to buy expensive names with small amounts; or trade US markets overnight and need after-hours access plus 24/5 support.
CMC Invest or moomoo — what's the verdict?
Pick moomoo for cheaper ASX and US trading with a USD account; pick CMC Invest for global markets, IPO access and a longer track record.
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 | CMC Invest | 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 |
| 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 | United Kingdom, Canada, Japan, Germany, France, Netherlands, Belgium, Spain, Switzerland, Sweden, Denmark, Norway, Singapore, Hong Kong, New Zealand | 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 | No | No |
| IPO access | Yes | No |
| costs hidden | ||
| FX spread (AUD/USD) | 0.6% | 0.3% |
| FX spread (other currencies) | 0.6% | 0.3% |
| Holds USD account | No | Yes |
| FX currency switch trick | — | No |
| Market data fees | $0/month | $0/month |
| Conditional order fees | $0 | $0 |
| Phone trade surcharge | $59.95 | — |
| costs visible | ||
| ASX brokerage minimum | $11 | $3 |
| ASX brokerage percentage | 0.1% | 0.03% |
| ASX brokerage threshold | $1,000 | $10,000 |
| ASX free trade conditions | $0 brokerage on first ASX buy order per security per day for trades up to $1,000 (excludes margin loan settled trades and sells) | 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 | $15 | $0 |
| Withdrawal fee (AUD) | $0 | $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 | 1,989 | 2,022 |
| Parent / ownership | CMC Markets plc (LSE: CMCX) | Futu Holdings Ltd (NASDAQ: FUTU) |
| Country of incorporation | AU | AU |
| Public company status | public | public |
| money movement | ||
| Minimum initial deposit | $500 | $500 |
| Minimum subsequent purchase | $0 | $0 |
| Deposit methods | PayID, Bank transfer (EFT), BPAY | PayID, Bank transfer (OSKO/NPP) |
| Settlement period | T+2 for ASX; T+1 for US | T+2 ASX; T+1 US |
| Withdrawal time | 1-2 business days | 1-3 business days |
| platform ux | ||
| iOS app | Yes | Yes |
| Android app | Yes | Yes |
| Desktop platform | Yes | Yes |
| Demo account | No | Yes |
| Free real-time market data | Yes | Yes |
| Free research reports | Yes | Yes |
| 2FA support | authenticator app | sms |
| Customer support channels | phone, email, live chat | Phone, Live chat, Email, In-app |
| Support hours (AU time) | Monday-Friday, business hours AET (approx 8am-6pm) | 24/5 during US trading days; 9:30am-9:30pm AET weekends and holidays |
| Education content | structured courses | video + courses |
| tax and reporting | ||
| Australian tax statement | Yes | Yes |
| Distribution component breakdown | 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 | Yes | Yes |
| Auto-invest sophistication | single asset | multiple |
| DRP (dividend reinvestment) | Yes | Yes |
| After-hours / overnight trading | No | Yes |