Share Trading comparison
Marketech Focus vs moomoo
Marketech Focus is a flat-fee, ASX-only broker built for serious local investors who want CHESS sponsorship and don't mind paying $20/month for the privilege. Moomoo is a global platform with zero platform fees, US stocks, options trading and fractional shares — but holds your ASX holdings in a custodian model despite offering a HIN. The biggest practical difference: one charges you monthly to trade only Australian shares, the other charges nothing monthly but makes you a custodian client on the ASX.
Choose
Marketech Focus
if…
- ›You want true CHESS sponsorship with your own HIN for every ASX trade — Marketech Focus is individually CHESS sponsored via OpenMarkets
- ›You trade ASX frequently enough that the $20/month fee is cheaper than paying per-trade brokerage elsewhere
- ›You value a simple, Australian-owned structure with no international currency complexity or US market distractions
- ›You want a CGT report and distribution component breakdown included without needing third-party tools
Choose
moomoo
if…
- ›You want zero monthly platform fees and zero market data fees — moomoo charges nothing for either
- ›You trade US stocks, ETFs or options, or want fractional shares on US names
- ›You want after-hours trading, a demo account, and free real-time market data all included
- ›You prefer a polished mobile app with phone and live chat support, plus video-based education content
Where they differ
| Fact | Marketech Focus | moomoo |
|---|---|---|
| Monthly platform fee | $20/month | $0/month |
| ASX brokerage (minimum) | $5 | $3 |
| US shares supported | No | Yes |
| CHESS sponsorship model | Individual HIN (CHESS sponsored) | Individual HIN available but custodian model used |
| Market data fees | $20/month | Free |
Verdict
Pick Marketech Focus if you're an ASX-only investor who wants a true CHESS HIN and doesn't mind the monthly fee; pick moomoo for zero platform costs and global markets.
Cost calculator
What would Marketech Focus 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 | Marketech Focus | moomoo |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | chess | chess |
| Individual HIN | Yes | Yes |
| Individual account | Yes | Yes |
| Joint account | — | No |
| Company account | — | Yes |
| Trust account | — | Yes |
| SMSF account | Yes | Yes |
| asset coverage | ||
| ASX shares supported | Yes | Yes |
| ASX ETFs supported | Yes | Yes |
| US shares supported | No | Yes |
| US ETFs supported | No | Yes |
| Other markets supported | Cboe Australia, NSX (National Stock Exchange of Australia) | Hong Kong |
| Fractional shares (ASX) | No | No |
| Fractional shares (US) | — | Yes |
| Options trading | No | Yes |
| CFDs supported | No | No |
| Managed funds | No | No |
| Bonds supported | No | No |
| IPO access | — | No |
| costs hidden | ||
| FX spread (AUD/USD) | — | 0.3% |
| FX spread (other currencies) | — | 0.3% |
| Holds USD account | No | Yes |
| FX currency switch trick | — | No |
| Market data fees | $20/month | $0/month |
| Conditional order fees | $0 | $0 |
| costs visible | ||
| ASX brokerage minimum | $5 | $3 |
| ASX brokerage percentage | 3% | 0.03% |
| ASX brokerage threshold | $16,667 | $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$0.99 |
| US brokerage percentage | — | 0% |
| Monthly platform fee | $20/month | $0/month |
| Annual platform fee | $240/year | $0/year |
| Inactivity fee | — | $0 |
| Withdrawal fee (AUD) | $0 | $0 |
| Off-market transfer fee | — | $55 |
| identity and trust | ||
| Legal entity name | Marketech Online Trading Pty Ltd | Futu Securities (Australia) Ltd |
| AFSL number | 337,927 | 224,663 |
| Year founded | 2,021 | 2,022 |
| Parent / ownership | Australian-owned private company; AFSL backing from Sanlam Private Wealth Pty Ltd; trade execution via OpenMarkets Australia Limited | Futu Holdings Ltd (NASDAQ: FUTU) |
| Country of incorporation | AU | AU |
| Public company status | private | public |
| money movement | ||
| Minimum initial deposit | $500 | $500 |
| Minimum subsequent purchase | $0 | $0 |
| Deposit methods | Bank transfer (to Macquarie CMA), Direct credit | PayID, Bank transfer (OSKO/NPP) |
| Settlement period | T+2 | T+2 ASX; T+1 US |
| Withdrawal time | Same-day to 1 business day (via Macquarie CMA) | 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 | No | Yes |
| Free research reports | Yes | Yes |
| 2FA support | — | sms |
| Customer support channels | email, support portal | 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 | basic articles | 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 | No | Yes |
| Auto-invest sophistication | none | multiple |
| DRP (dividend reinvestment) | Yes | Yes |
| After-hours / overnight trading | No | Yes |