Share Trading comparison
moomoo vs Superhero
The biggest practical difference between moomoo and Superhero is ownership structure. moomoo gives you a CHESS-sponsored HIN, meaning your ASX shares are registered in your name. Superhero is a custodian model — they hold the shares on your behalf, so you don't get a HIN. That distinction drives most of the other differences between these two low-cost platforms.
Choose
moomoo
if…
- ›You want CHESS sponsorship and your own HIN for ASX-listed shares
- ›You trade US stocks regularly — moomoo charges just $0.99 USD minimum with a razor-thin 0.003% FX spread
- ›You need options trading, after-hours trading, or a desktop platform for active trading
- ›You want a demo account to test strategies before committing real money
- ›You value phone support and 24/5 availability during US trading hours
Choose
Superhero
if…
- ›You want the lowest ASX brokerage — Superhero's $2 minimum undercuts moomoo's $3
- ›You're starting small and prefer a $100 minimum deposit (vs moomoo's $500)
- ›You want a kids / minor account to invest for children
- ›You're fine with a custodian model and don't need a HIN
- ›You prefer BPAY as a deposit option alongside PayID and bank transfer
Where they differ
| Fact | moomoo | Superhero |
|---|---|---|
| CHESS sponsorship model | CHESS-sponsored (individual HIN) | Custodian (no HIN) |
| ASX brokerage minimum | $3 | $2 |
| US brokerage minimum | $0.99 USD | $2 USD |
| Options & after-hours trading | Supported | Not supported |
| Minimum initial deposit | $500 | $100 |
Verdict
Choose moomoo if you want CHESS sponsorship and advanced trading tools; pick Superhero for cheaper ASX trades and a lower starting deposit.
Cost calculator
What would moomoo vs Superhero 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 | Superhero |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | chess | custodian |
| Individual HIN | Yes | No |
| Individual account | Yes | Yes |
| Joint account | No | No |
| 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 | |
| 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 | No |
| IPO access | No | — |
| costs hidden | ||
| FX spread (AUD/USD) | 0.3% | 0.5% |
| 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 |
| costs visible | ||
| ASX brokerage minimum | $3 | $2 |
| ASX brokerage percentage | 0.03% | 0.01% |
| 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$2 |
| 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 | — |
| identity and trust | ||
| Legal entity name | Futu Securities (Australia) Ltd | Superhero Securities Limited |
| AFSL number | 224,663 | 430,150 |
| Year founded | 2,022 | 2,020 |
| Parent / ownership | Futu Holdings Ltd (NASDAQ: FUTU) | Independent (founder-controlled). Previously merged into Swyftx in 2022; demerger completed December 2022 returning ownership to co-founders John Winters and Wayne Baskin. |
| Country of incorporation | AU | AU |
| Public company status | public | private |
| money movement | ||
| Minimum initial deposit | $500 | $100 |
| Minimum subsequent purchase | $0 | $100 |
| Deposit methods | PayID, Bank transfer (OSKO/NPP) | PayID, BPAY, bank transfer |
| Settlement period | T+2 ASX; T+1 US | T+2 for ASX, T+1 for US |
| Withdrawal time | 1-3 business days | 1-3 business days |
| 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 | No |
| 2FA support | sms | SMS |
| Customer support channels | Phone, Live chat, Email, In-app | email, in-app chat |
| Support hours (AU time) | 24/5 during US trading days; 9:30am-9:30pm AET weekends and holidays | Monday-Friday 9:00am-5:00pm AEST |
| Education content | video + courses | basic |
| tax and reporting | ||
| Australian tax statement | Yes | Yes |
| 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 | — |
| Auto-invest / DCA | Yes | Yes |
| Auto-invest sophistication | multiple | multiple |
| DRP (dividend reinvestment) | Yes | No |
| After-hours / overnight trading | Yes | No |