moomoo vs Plus500
Moomoo and Plus500 look like they compete, but they operate in completely different worlds. Moomoo is a real CHESS-sponsored broker where you own actual ASX and US shares under your own HIN. Plus500 is a CFD provider — you never own the underlying asset, you're trading a contract with the platform. That single difference dictates everything else.
- ›You want to own real ASX shares under your own HIN with CHESS sponsorship
- ›You trade US stocks and want near-zero FX spreads (0.003% vs Plus500's 0.7%)
- ›You need a proper tax statement, CGT report, and Sharesight integration for end-of-year
- ›You want to set up auto-invest or DCA into ETFs and stocks
- ›You're building a long-term portfolio and want dividend reinvestment (DRP)
- ›You only want to trade CFDs on margin and have no interest in owning the underlying shares
- ›You want a low minimum deposit ($100) and more deposit options including PayPal, credit card and Apple Pay
- ›You need 24/7 customer support via live chat, WhatsApp or email
- ›You're a short-term speculator who doesn't need tax statements or CGT reports
- ›You want to avoid any inactivity fee — wait, Plus500 charges $10/month after a period of inactivity, so skip this one
Where they differ
| Fact | moomoo | Plus500 |
|---|---|---|
| What you actually buy | Real shares under your HIN (CHESS-sponsored) | CFD contracts only — no real shares, no HIN |
| ASX brokerage | From $3 (0.03% over $10k) | Not applicable — no ASX share trading |
| FX spread on AUD/USD | 0.003% | 0.7% |
| Inactivity fee | $0 | $10/month after inactivity |
| Auto-invest / DRP | Yes (auto-invest + DRP) | No (not applicable to CFDs) |
If you want to own shares and build wealth, use Moomoo. If you want to speculate on price moves with leverage, use Plus500.
Common questions
How do moomoo and Plus500 compare on what you actually buy?
moomoo: Real shares under your HIN (CHESS-sponsored). Plus500: CFD contracts only — no real shares, no HIN.
How do moomoo and Plus500 compare on asx brokerage?
moomoo: From $3 (0.03% over $10k). Plus500: Not applicable — no ASX share trading.
How do moomoo and Plus500 compare on fx spread on aud/usd?
moomoo: 0.003%. Plus500: 0.7%.
When is moomoo the better choice over Plus500?
Pick moomoo if you want to own real ASX shares under your own HIN with CHESS sponsorship; you trade US stocks and want near-zero FX spreads (0.003% vs Plus500's 0.7%); you need a proper tax statement, CGT report, and Sharesight integration for end-of-year; or you want to set up auto-invest or DCA into ETFs and stocks.
When is Plus500 the better choice over moomoo?
Pick Plus500 if you only want to trade CFDs on margin and have no interest in owning the underlying shares; you want a low minimum deposit ($100) and more deposit options including PayPal, credit card and Apple Pay; you need 24/7 customer support via live chat, WhatsApp or email; or you're a short-term speculator who doesn't need tax statements or CGT reports.
moomoo or Plus500 — what's the verdict?
If you want to own shares and build wealth, use Moomoo. If you want to speculate on price moves with leverage, use Plus500.
All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | moomoo | Plus500 |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | chess | — |
| Individual HIN | Yes | — |
| Individual account | Yes | Yes |
| Joint account | No | No |
| Company account | Yes | Yes |
| Trust account | Yes | No |
| SMSF account | Yes | No |
| Kids / minor account | — | No |
| asset coverage | ||
| ASX shares supported | Yes | No |
| ASX ETFs supported | Yes | No |
| US shares supported | Yes | No |
| US ETFs supported | Yes | No |
| Other markets supported | Hong Kong | |
| Fractional shares (ASX) | No | No |
| Fractional shares (US) | Yes | No |
| Options trading | Yes | Yes |
| CFDs supported | No | Yes |
| Managed funds | No | No |
| Bonds supported | No | No |
| IPO access | No | No |
| costs hidden | ||
| FX spread (AUD/USD) | 0.3% | 70% |
| FX spread (other currencies) | 0.3% | — |
| Holds USD account | Yes | No |
| FX currency switch trick | No | — |
| Market data fees | $0/month | $0/month |
| Conditional order fees | $0 | $0 |
| Corporate action fees | — | Not applicable — Plus500 only offers CFDs, so users do not participate in real corporate actions (rights issues, SPPs, takeovers). Dividend adjustments on share CFDs are credited/debited to positions automatically. |
| costs visible | ||
| ASX brokerage minimum | $3 | — |
| ASX brokerage percentage | 0.03% | — |
| ASX brokerage threshold | $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 | $0/month | $0/month |
| Annual platform fee | $0/year | $0/year |
| Inactivity fee | $0 | $10 |
| Withdrawal fee (AUD) | $0 | $0 |
| Off-market transfer fee | $55 | — |
| identity and trust | ||
| Legal entity name | Futu Securities (Australia) Ltd | Plus500AU Pty Ltd |
| AFSL number | 224,663 | 417,727 |
| Year founded | 2,022 | 2,008 |
| Parent / ownership | Futu Holdings Ltd (NASDAQ: FUTU) | Plus500 Ltd (UK/Israel, LSE-listed parent) |
| Country of incorporation | AU | AU |
| Public company status | public | public |
| money movement | ||
| Minimum initial deposit | $500 | $100 |
| Minimum subsequent purchase | $0 | — |
| Deposit methods | PayID, Bank transfer (OSKO/NPP) | BPAY, Bank transfer, Credit/debit card, PayPal, Apple Pay, Google Pay |
| Settlement period | T+2 ASX; T+1 US | — |
| Withdrawal time | 1-3 business days | Typically 1-3 business days; same payment method as deposit (card, bank, e-wallet). |
| platform ux | ||
| iOS app | Yes | Yes |
| Android app | Yes | Yes |
| Desktop platform | Yes | No |
| Demo account | Yes | Yes |
| Free real-time market data | Yes | Yes |
| Free research reports | Yes | Yes |
| 2FA support | sms | SMS only |
| Customer support channels | Phone, Live chat, Email, In-app | Live chat, Email, WhatsApp, Contact form |
| Support hours (AU time) | 24/5 during US trading days; 9:30am-9:30pm AET weekends and holidays | 24/7 live chat, email and WhatsApp support |
| Education content | video + courses | structured courses |
| tax and reporting | ||
| Australian tax statement | Yes | No |
| Distribution component breakdown | — | No |
| CGT calculator / report | Yes | No |
| Sharesight / Navexa integration | Yes | No |
| 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 | No |
| After-hours / overnight trading | Yes | Yes |