moomoo vs Sharesies
The biggest practical difference between moomoo and Sharesies is ownership structure. moomoo is CHESS-sponsored, meaning you get your own HIN and shares are held in your name. Sharesies is a custodian model — shares are held in the platform's name, not yours. That distinction ripples through everything from fees to account types to who you can trust with serious money.
- ›You want your own HIN and CHESS sponsorship so ASX-listed shares are registered in your name, not the platform's
- ›You trade US stocks frequently — moomoo charges $0.99 USD minimum and 0% commission, while Sharesies takes 1.9% capped at US$5
- ›You need company, trust, or SMSF accounts — moomoo supports all three; Sharesies only offers individual and kids accounts
- ›You want desktop trading, a demo account, and free real-time market data and research reports
- ›You trade options or want access to Hong Kong markets
- ›You're starting with a tiny amount — Sharesies has no minimum deposit and lets you buy fractional shares on both ASX and US markets
- ›You want to invest for kids — Sharesies offers a dedicated kids account for $2/month
- ›You prefer a simple subscription model where brokerage is bundled into a flat monthly fee rather than paying per trade
- ›You want to avoid any chance of a $55 off-market transfer fee — Sharesies charges $50, but as a custodian platform you'd likely sell down rather than transfer out anyway
- ›You're a New Zealand resident or want access to NZX-listed investments
Where they differ
| Fact | moomoo | Sharesies |
|---|---|---|
| CHESS sponsorship | CHESS-sponsored (individual HIN) | Custodian model (no HIN) |
| ASX brokerage (small trade) | $3 minimum or 0.03% | 1.9% capped at $6 (or bundled in monthly plan) |
| US brokerage | $0.99 USD minimum, 0% commission | 1.9% capped at US$5 |
| Fractional shares (ASX) | Not supported | Supported |
| Account types | Individual, company, trust, SMSF | Individual and kids only |
Choose moomoo if you want CHESS ownership, lower US fees, and advanced account types; choose Sharesies for tiny deposits, kids accounts, and fractional shares.
Common questions
How do moomoo and Sharesies compare on chess sponsorship?
moomoo: CHESS-sponsored (individual HIN). Sharesies: Custodian model (no HIN). moomoo gives you direct ASX ownership; Sharesies holds shares on your behalf.
How do moomoo and Sharesies compare on asx brokerage (small trade)?
moomoo: $3 minimum or 0.03%. Sharesies: 1.9% capped at $6 (or bundled in monthly plan). moomoo is cheaper on larger trades; Sharesies can be cheaper on very small trades under its subscription plans.
How do moomoo and Sharesies compare on us brokerage?
moomoo: $0.99 USD minimum, 0% commission. Sharesies: 1.9% capped at US$5. moomoo is dramatically cheaper for US trades.
When is moomoo the better choice over Sharesies?
Pick moomoo if you want your own HIN and CHESS sponsorship so ASX-listed shares are registered in your name, not the platform's; you trade US stocks frequently — moomoo charges $0.99 USD minimum and 0% commission, while Sharesies takes 1.9% capped at US$5; you need company, trust, or SMSF accounts — moomoo supports all three; Sharesies only offers individual and kids accounts; or you want desktop trading, a demo account, and free real-time market data and research reports.
When is Sharesies the better choice over moomoo?
Pick Sharesies if you're starting with a tiny amount — Sharesies has no minimum deposit and lets you buy fractional shares on both ASX and US markets; you want to invest for kids — Sharesies offers a dedicated kids account for $2/month; you prefer a simple subscription model where brokerage is bundled into a flat monthly fee rather than paying per trade; or you want to avoid any chance of a $55 off-market transfer fee — Sharesies charges $50, but as a custodian platform you'd likely sell down rather than transfer out anyway.
moomoo or Sharesies — what's the verdict?
Choose moomoo if you want CHESS ownership, lower US fees, and advanced account types; choose Sharesies for tiny deposits, kids accounts, and fractional shares.
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 | Sharesies |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | chess | custodian |
| Individual HIN | Yes | No |
| Individual account | Yes | Yes |
| Joint account | No | No |
| Company account | Yes | No |
| Trust account | Yes | No |
| SMSF account | Yes | No |
| 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 | NZ |
| Fractional shares (ASX) | No | Yes |
| Fractional shares (US) | Yes | Yes |
| Options trading | Yes | No |
| CFDs supported | No | No |
| Managed funds | No | No |
| Bonds supported | No | No |
| IPO access | No | No |
| costs hidden | ||
| FX spread (AUD/USD) | 0.3% | 0.6% |
| FX spread (other currencies) | 0.3% | 0.6% |
| 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 | — | No fee for receiving DRP shares ('You don't pay a Sharesies transaction fee when you receive shares through a DRP'). Sharesies handles corporate actions via the Voting & Corporate Actions Policy; specific fees for rights issues, SPP, takeovers not separately listed in pricing schedule. |
| costs visible | ||
| ASX brokerage minimum | $3 | $0 |
| ASX brokerage percentage | 0.03% | 1.9% |
| ASX brokerage threshold | $10,000 | $315.79 |
| 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. | Pay-as-you-go: 1.9% per buy/sell order, capped at AU$6 for ASX, US$5 for US, NZ$25 for NZ. Monthly plans cover transaction fees on a set volume: $5/mo plan ($54/yr) covers $500 AUD buy/sell + $1,000 AUD auto-invest; $10/mo plan ($108/yr) covers $1,000 AUD buy/sell + $3,000 AUD auto-invest; $20/mo plan ($216/yr) covers $3,000 AUD buy/sell + $8,000 AUD auto-invest. Kids plan $2/mo covers $500 buy/sell + $1,000 auto-invest. Once monthly cover used up, pay-as-you-go applies. No truly free trade option. |
| US brokerage minimum | US$0.99 | US$0 |
| US brokerage percentage | 0% | 1.9% |
| Monthly platform fee | $0/month | $0/month |
| Annual platform fee | $0/year | $0/year |
| Inactivity fee | $0 | $0 |
| Withdrawal fee (AUD) | $0 | $0 |
| Off-market transfer fee | $55 | $50 |
| identity and trust | ||
| Legal entity name | Futu Securities (Australia) Ltd | Sharesies Australia Limited |
| AFSL number | 224,663 | 529,893 |
| Year founded | 2,022 | 2,021 |
| Parent / ownership | Futu Holdings Ltd (NASDAQ: FUTU) | Sharesies Group Limited (New Zealand) |
| Country of incorporation | AU | AU |
| Public company status | public | private |
| money movement | ||
| Minimum initial deposit | $500 | $1 |
| Minimum subsequent purchase | $0 | $1 |
| Deposit methods | PayID, Bank transfer (OSKO/NPP) | PayID, OSKO, direct credit, card |
| Settlement period | T+2 ASX; T+1 US | T+2 ASX/NZX, T+1 US |
| Withdrawal time | 1-3 business days | 1-2 business days for settled funds; longer if recently sold (T+2 settlement plus 1-2 days reconciliation plus 1-2 days bank transfer) |
| platform ux | ||
| iOS app | Yes | Yes |
| Android app | Yes | Yes |
| Desktop platform | Yes | No |
| Demo account | Yes | No |
| Free real-time market data | Yes | No |
| Free research reports | Yes | No |
| 2FA support | sms | authenticator_app |
| Customer support channels | Phone, Live chat, Email, In-app | email, in_app |
| Support hours (AU time) | 24/5 during US trading days; 9:30am-9:30pm AET weekends and holidays | Monday to Friday, 6 AM to 4 PM AEST |
| Education content | video + courses | basic_articles |
| tax and reporting | ||
| Australian tax statement | Yes | Yes |
| Distribution component breakdown | — | Yes |
| CGT calculator / report | Yes | Yes |
| 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 | Yes |
| Auto-invest sophistication | multiple | multiple_assets |
| DRP (dividend reinvestment) | Yes | Yes |
| After-hours / overnight trading | Yes | Yes |