moomoo vs nabtrade
The biggest difference between moomoo and nabtrade is cost. moomoo charges as little as $3 ASX brokerage and near-zero FX spreads (0.003%), while nabtrade starts at $9.95 per trade and takes 0.8% on currency conversion. But nabtrade is a big-bank CHESS-sponsored broker with access to managed funds, bonds and IPOs — moomoo is a cheaper, more modern platform built for active traders and US markets.
- ›You want the lowest ASX brokerage — $3 vs nabtrade's $9.95 minimum.
- ›You trade US stocks regularly and want near-zero FX spreads (0.003% vs 0.8%) plus a USD account to hold dollars.
- ›You want fractional US shares, auto-invest/DCA, and after-hours trading — none of which nabtrade offers.
- ›You prefer a desktop trading platform with advanced charting and a demo account to test strategies.
- ›You want zero monthly fees — nabtrade charges $19.95/month for market data.
- ›You want a big-bank broker backed by NAB with phone support and instant withdrawals to NAB accounts.
- ›You need access to managed funds, bonds, IPOs, and international markets including the UK and Germany.
- ›You want a joint account or a kids/minor account — moomoo doesn't offer either.
- ›You prefer a traditional CHESS-sponsored broker with an individual HIN and don't mind paying more per trade.
- ›You're comfortable paying $19.95/month for ASX market data and want phone trade capability (at $59.95 surcharge).
Where they differ
| Fact | moomoo | nabtrade |
|---|---|---|
| ASX brokerage minimum | $3 | $9.95 |
| FX spread (AUD/USD) | 0.003% | 0.8% |
| Market data fees | $0/month | $19.95/month |
| Fractional shares (US) | Yes | No |
| Auto-invest / DCA | Yes (multi-level) | No |
Choose moomoo for low-cost, modern trading; choose nabtrade if you want NAB's ecosystem and access to managed funds, bonds and IPOs.
Common questions
How do moomoo and nabtrade compare on asx brokerage minimum?
moomoo: $3. nabtrade: $9.95. moomoo is dramatically cheaper on small trades.
How do moomoo and nabtrade compare on fx spread (aud/usd)?
moomoo: 0.003%. nabtrade: 0.8%. moomoo's FX is virtually free; nabtrade's is expensive for US investors.
How do moomoo and nabtrade compare on market data fees?
moomoo: $0/month. nabtrade: $19.95/month. nabtrade charges a monthly fee for ASX real-time data.
When is moomoo the better choice over nabtrade?
Pick moomoo if you want the lowest ASX brokerage — $3 vs nabtrade's $9.95 minimum; you trade US stocks regularly and want near-zero FX spreads (0.003% vs 0.8%) plus a USD account to hold dollars; you want fractional US shares, auto-invest/DCA, and after-hours trading — none of which nabtrade offers; or you prefer a desktop trading platform with advanced charting and a demo account to test strategies.
When is nabtrade the better choice over moomoo?
Pick nabtrade if you want a big-bank broker backed by NAB with phone support and instant withdrawals to NAB accounts; you need access to managed funds, bonds, IPOs, and international markets including the UK and Germany; you want a joint account or a kids/minor account — moomoo doesn't offer either; or you prefer a traditional CHESS-sponsored broker with an individual HIN and don't mind paying more per trade.
moomoo or nabtrade — what's the verdict?
Choose moomoo for low-cost, modern trading; choose nabtrade if you want NAB's ecosystem and access to managed funds, bonds and IPOs.
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 | nabtrade |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | chess | chess |
| Individual HIN | Yes | Yes |
| Individual account | Yes | Yes |
| Joint account | No | Yes |
| 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 | Hong Kong | United Kingdom (LSE), Germany (Xetra), Hong Kong (HKEx) |
| Fractional shares (ASX) | No | No |
| Fractional shares (US) | Yes | No |
| Options trading | Yes | Yes |
| CFDs supported | No | No |
| Managed funds | No | Yes |
| Bonds supported | No | Yes |
| IPO access | No | Yes |
| costs hidden | ||
| FX spread (AUD/USD) | 0.3% | 80% |
| FX spread (other currencies) | 0.3% | 80% |
| Holds USD account | Yes | No |
| FX currency switch trick | No | — |
| Market data fees | $0/month | $19.95/month |
| Conditional order fees | $0 | $0 |
| Phone trade surcharge | — | $59.95 |
| costs visible | ||
| ASX brokerage minimum | $3 | $9.95 |
| ASX brokerage percentage | 0.03% | 11% |
| ASX brokerage threshold | $10,000 | $20,000 |
| 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$9.95 |
| US brokerage percentage | 0% | 11% |
| Monthly platform fee | $0/month | — |
| Annual platform fee | $0/year | — |
| Inactivity fee | $0 | — |
| Withdrawal fee (AUD) | $0 | $0 |
| Off-market transfer fee | $55 | $55 |
| identity and trust | ||
| Legal entity name | Futu Securities (Australia) Ltd | WealthHub Securities Limited |
| AFSL number | 224,663 | 230,704 |
| Year founded | 2,022 | 2,012 |
| Parent / ownership | Futu Holdings Ltd (NASDAQ: FUTU) | National Australia Bank Limited (ASX: NAB) |
| 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 (OSKO/NPP) | Direct credit / EFT, BPAY, Internal transfer from linked NAB account |
| Settlement period | T+2 ASX; T+1 US | ASX T+2; US T+1; UK/Germany/HK T+2 |
| Withdrawal time | 1-3 business days | Instant to linked NAB accounts; 1 business day to other Australian banks |
| platform ux | ||
| iOS app | Yes | Yes |
| Android app | Yes | Yes |
| Desktop platform | Yes | No |
| Demo account | Yes | No |
| Free real-time market data | Yes | Yes |
| Free research reports | Yes | Yes |
| 2FA support | sms | SMS + PIN |
| Customer support channels | Phone, Live chat, Email, In-app | Phone, Email, Secure messaging (via NAB Internet Banking) |
| Support hours (AU time) | 24/5 during US trading days; 9:30am-9:30pm AET weekends and holidays | Mon-Fri 8am-6pm AEST/AEDT (contact centre typically 9am-5pm) |
| Education content | video + courses | structured |
| tax and reporting | ||
| Australian tax statement | Yes | Yes |
| 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 | Yes |
| After-hours / overnight trading | Yes | No |