Share Trading comparison
moomoo vs Stake
Moomoo and Stake both offer low-cost ASX and US trading, but the biggest practical difference is how they handle US dollar exposure. Moomoo charges a razor-thin 0.003% FX spread and gives you a USD account, while Stake charges 0.0055% but lets you manually switch currencies to avoid the spread entirely. On the ASX side, both charge a $3 minimum brokerage, though Stake's tiered rate drops lower on larger trades.
Choose
moomoo
if…
- ›You want to trade options — Stake doesn't offer them at all, while Moomoo does.
- ›You want to set up auto-invest or dollar-cost averaging into ASX or US stocks on a recurring schedule.
- ›You need a desktop trading platform with advanced charting and conditional orders.
- ›You want to trade Hong Kong stocks in addition to ASX and US markets.
- ›You prefer CHESS-sponsored holdings with your own HIN for ASX-listed shares.
Choose
Stake
if…
- ›You want to use the FX currency-switch trick to convert AUD to USD at the wholesale rate, avoiding the spread entirely.
- ›You want to deposit using Apple Pay, Google Pay, or a credit/debit card — not just bank transfer.
- ›You want zero off-market transfer fees when moving your portfolio to another broker.
- ›You want a simpler, mobile-first experience without the complexity of a full desktop platform.
- ›You want to invest in US bonds alongside shares and ETFs.
Where they differ
| Fact | moomoo | Stake |
|---|---|---|
| US brokerage minimum | $0.99 USD | $3 USD |
| FX spread (AUD/USD) | 0.003% | 0.0055% |
| FX currency-switch trick | Not available | Available — convert at near-wholesale rate |
| Options trading | Yes | No |
| Off-market transfer fee | $55 AUD | $0 AUD |
Verdict
Choose Moomoo for options, auto-invest, and Hong Kong access; choose Stake for cheaper US currency conversion and a simpler mobile experience.
Cost calculator
What would moomoo vs Stake 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 | moomoo | Stake |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | chess | mixed |
| Individual HIN | Yes | 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 | Hong Kong | United States |
| Fractional shares (ASX) | No | No |
| Fractional shares (US) | Yes | Yes |
| Options trading | Yes | No |
| CFDs supported | No | No |
| Managed funds | No | No |
| Bonds supported | No | Yes |
| IPO access | No | — |
| costs hidden | ||
| FX spread (AUD/USD) | 0.3% | 0.55% |
| FX spread (other currencies) | 0.3% | — |
| Holds USD account | Yes | Yes |
| FX currency switch trick | No | Yes |
| Market data fees | $0/month | $0/month |
| Conditional order fees | $0 | $0 |
| Corporate action fees | — | Corporate actions (dividends, SPPs, rights issues, takeovers) are passed through where mandatory; Stake does not provide a DRP — investors must elect DRP directly with each company's share registry. No published per-event fee. |
| costs visible | ||
| ASX brokerage minimum | $3 | $3 |
| ASX brokerage percentage | 0.03% | 0.01% |
| ASX brokerage threshold | $10,000 | $30,000 |
| 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. | No free-trade promotion ordinarily offered; brokerage waived for 12 months on transferred ASX holdings worth A$1,000+ |
| US brokerage minimum | US$0.99 | US$3 |
| US brokerage percentage | 0% | 0.01% |
| 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 | $0 |
| identity and trust | ||
| Legal entity name | Futu Securities (Australia) Ltd | Stakeshop Pty Ltd |
| AFSL number | 224,663 | 548,196 |
| Year founded | 2,022 | 2,017 |
| Parent / ownership | Futu Holdings Ltd (NASDAQ: FUTU) | Privately held (Stakeshop AFSL Pty Ltd group); investors include AGL Energy's former CEO and various private investors |
| Country of incorporation | AU | AU |
| Public company status | public | private |
| money movement | ||
| Minimum initial deposit | $500 | $500 |
| Minimum subsequent purchase | $0 | $20 |
| Deposit methods | PayID, Bank transfer (OSKO/NPP) | Bank transfer (Osko/PayID), Apple Pay, Google Pay, Debit card, Credit card |
| Settlement period | T+2 ASX; T+1 US | T+2 for ASX; T+1 for US |
| Withdrawal time | 1-3 business days | 1-2 business days for AUD (Stake AUS); 2-3 US business days for USD (Stake Wall St) |
| 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 | authenticator app |
| Customer support channels | Phone, Live chat, Email, In-app | Email, In-app chat, Help centre |
| Support hours (AU time) | 24/5 during US trading days; 9:30am-9:30pm AET weekends and holidays | Business hours AEST/AEDT (approximately Mon-Fri); chat/email response varies |
| Education content | video + courses | structured courses |
| 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 | No |
| Auto-invest / DCA | Yes | No |
| Auto-invest sophistication | multiple | none |
| DRP (dividend reinvestment) | Yes | No |
| After-hours / overnight trading | Yes | Yes |