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.
- ›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.
- ›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 |
Choose Moomoo for options, auto-invest, and Hong Kong access; choose Stake for cheaper US currency conversion and a simpler mobile experience.
Common questions
How do moomoo and Stake compare on us brokerage minimum?
moomoo: $0.99 USD. Stake: $3 USD.
How do moomoo and Stake compare on fx spread (aud/usd)?
moomoo: 0.003%. Stake: 0.0055%.
How do moomoo and Stake compare on fx currency-switch trick?
moomoo: Not available. Stake: Available — convert at near-wholesale rate.
When is moomoo the better choice over Stake?
Pick 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; or you want to trade Hong Kong stocks in addition to ASX and US markets.
When is Stake the better choice over moomoo?
Pick 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; or you want a simpler, mobile-first experience without the complexity of a full desktop platform.
moomoo or Stake — what's the verdict?
Choose Moomoo for options, auto-invest, and Hong Kong access; choose Stake for cheaper US currency conversion and a simpler mobile experience.
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 |