eToro vs moomoo
The biggest practical difference between eToro and moomoo comes down to ownership structure. eToro holds your ASX shares in a custodian model — you don't get a HIN and can't vote or participate in rights issues. moomoo is CHESS-sponsored, meaning you get your own HIN and your holdings are directly registered with the ASX. That single distinction shapes which investor each platform suits.
- ›You want zero brokerage on ASX trades — eToro charges $0 for non-leveraged ASX purchases, while moomoo charges a minimum of $3
- ›You want to trade fractional shares on ASX stocks, which eToro supports but moomoo does not
- ›You want to trade CFDs, crypto, or access 13+ international markets beyond the US and Hong Kong
- ›You want a low minimum deposit of $50 and flexible funding via PayPal, credit card, or Skrill
- ›You want CHESS sponsorship and your own HIN so your ASX holdings are registered in your name, not a custodian
- ›You trade US options — moomoo supports options trading; eToro does not
- ›You want a proper desktop trading platform with advanced charting and free research reports
- ›You want dividend reinvestment (DRP) and the ability to integrate with Sharesight or Navexa for portfolio tracking
Where they differ
| Fact | eToro | moomoo |
|---|---|---|
| ASX brokerage | $0 (all non-leveraged purchases) | $3 minimum or 0.03% |
| CHESS sponsorship | Custodian model — no individual HIN | CHESS-sponsored — individual HIN provided |
| FX spread (AUD/USD) | 0.0075% | 0.003% |
| Options trading | Not supported | Supported |
| Inactivity fee | $10 | $0 |
Choose eToro for zero-fee ASX trades and fractional shares; choose moomoo for CHESS sponsorship, options, and a proper trading platform.
Common questions
How do eToro and moomoo compare on asx brokerage?
eToro: $0 (all non-leveraged purchases). moomoo: $3 minimum or 0.03%. eToro is cheaper per trade on ASX; moomoo charges a flat minimum.
How do eToro and moomoo compare on chess sponsorship?
eToro: Custodian model — no individual HIN. moomoo: CHESS-sponsored — individual HIN provided. moomoo gives you direct ASX ownership; eToro holds shares via a managed scheme.
How do eToro and moomoo compare on fx spread (aud/usd)?
eToro: 0.0075%. moomoo: 0.003%. moomoo's forex spread is less than half of eToro's, which matters for frequent US trading.
When is eToro the better choice over moomoo?
Pick eToro if you want zero brokerage on ASX trades — eToro charges $0 for non-leveraged ASX purchases, while moomoo charges a minimum of $3; you want to trade fractional shares on ASX stocks, which eToro supports but moomoo does not; you want to trade CFDs, crypto, or access 13+ international markets beyond the US and Hong Kong; or you want a low minimum deposit of $50 and flexible funding via PayPal, credit card, or Skrill.
When is moomoo the better choice over eToro?
Pick moomoo if you want CHESS sponsorship and your own HIN so your ASX holdings are registered in your name, not a custodian; you trade US options — moomoo supports options trading; eToro does not; you want a proper desktop trading platform with advanced charting and free research reports; or you want dividend reinvestment (DRP) and the ability to integrate with Sharesight or Navexa for portfolio tracking.
eToro or moomoo — what's the verdict?
Choose eToro for zero-fee ASX trades and fractional shares; choose moomoo for CHESS sponsorship, options, and a proper trading platform.
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 | eToro | moomoo |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | custodian | chess |
| Individual HIN | No | Yes |
| Individual account | Yes | Yes |
| Joint account | No | No |
| Company account | Yes | Yes |
| Trust account | Yes | Yes |
| SMSF account | Yes | Yes |
| Kids / minor account | No | — |
| 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 States, United Kingdom, Germany, France, Hong Kong, Italy, Spain, Netherlands, Sweden, Belgium, Denmark, Norway, Finland, Switzerland, Portugal | Hong Kong |
| Fractional shares (ASX) | Yes | No |
| Fractional shares (US) | Yes | Yes |
| Options trading | No | Yes |
| CFDs supported | Yes | No |
| Crypto trading | Yes | — |
| Managed funds | No | No |
| Bonds supported | No | No |
| IPO access | No | No |
| costs hidden | ||
| FX spread (AUD/USD) | 0.75% | 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 | eToro passes through cash dividends from non-leveraged real positions (debit/credit to wallet). It does not facilitate participation in rights issues, share purchase plans (SPPs), DRPs or shareholder votes because shares are held in a managed investment scheme by the custodian, not in the user's name. No explicit fee, but corporate action access is materially restricted. | — |
| costs visible | ||
| ASX brokerage minimum | $0 | $3 |
| ASX brokerage percentage | 0% | 0.03% |
| ASX brokerage threshold | — | $10,000 |
| ASX free trade conditions | Zero commission applies to all non-leveraged (real) ASX share and ETF purchases. Leveraged / short positions are executed as CFDs and incur 0.15% open/close spread plus overnight financing. | 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 | $10 | $0 |
| Withdrawal fee (AUD) | $0 | $0 |
| Off-market transfer fee | — | $55 |
| identity and trust | ||
| Legal entity name | eToro AUS Capital Limited | Futu Securities (Australia) Ltd |
| AFSL number | 491,139 | 224,663 |
| AUSTRAC registration | Yes | — |
| Year founded | 2,017 | 2,022 |
| Parent / ownership | eToro Group Ltd (NASDAQ: ETOR) — listed 14 May 2025; originally founded in Israel by Yoni and Ronen Assia. eToro AUS Capital Limited is a wholly-owned Australian subsidiary. | Futu Holdings Ltd (NASDAQ: FUTU) |
| Country of incorporation | Australia | AU |
| Public company status | public | public |
| money movement | ||
| Minimum initial deposit | $50 | $500 |
| Minimum subsequent purchase | $50 | $0 |
| Deposit methods | Bank transfer, Debit card, Credit card, PayPal, Skrill, Neteller, POLi, Online banking | PayID, Bank transfer (OSKO/NPP) |
| Settlement period | T+2 ASX, T+1 US (settlement managed by the eToro Service custodian; user funds reflect immediately in eToro wallet) | T+2 ASX; T+1 US |
| Withdrawal time | 1-2 business days for eToro processing; total 2-10 business days end-to-end depending on payment method (bank transfer longer than card) | 1-3 business days |
| platform ux | ||
| iOS app | Yes | Yes |
| Android app | Yes | Yes |
| Desktop platform | No | Yes |
| Demo account | Yes | Yes |
| Free real-time market data | Yes | Yes |
| Free research reports | No | Yes |
| 2FA support | SMS + authenticator app | sms |
| Customer support channels | Live chat (Club members only), Email / web ticket, Help centre | Phone, Live chat, Email, In-app |
| Support hours (AU time) | — | 24/5 during US trading days; 9:30am-9:30pm AET weekends and holidays |
| Education content | video + courses | video + courses |
| tax and reporting | ||
| Australian tax statement | Yes | Yes |
| CGT calculator / report | Yes | Yes |
| Sharesight / Navexa integration | No | 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) | No | Yes |
| After-hours / overnight trading | No | Yes |