moomoo vs tastytrade
The biggest difference is simple: moomoo lets you trade ASX shares under CHESS sponsorship with your own HIN, while tastytrade is a US-only broker that doesn't offer ASX at all. So if you want to buy Australian stocks or ETFs, tastytrade is off the table from the start. For US-focused traders, the choice comes down to fees, features and whether you want fractional shares and auto-invest.
- ›You want to trade ASX shares and ETFs under CHESS sponsorship with your own HIN
- ›You want zero-commission US trading with fractional shares and a low US brokerage minimum of $0.99 USD
- ›You want auto-invest / DCA features to dollar-cost average into the market
- ›You want a low FX spread of 0.003% and the ability to deposit via PayID or OSKO
- ›You want Australian tax statements and CGT reports built in
- ›You only trade US stocks, ETFs and options and don't need ASX access at all
- ›You want zero minimum deposit and zero US brokerage minimum — no upfront commitment required
- ›You're an active options trader who wants a platform built specifically for multi-leg options strategies
- ›You want to trade US bonds alongside equities and options
- ›You prefer authenticator-app 2FA over SMS-based security
Where they differ
| Fact | moomoo | tastytrade |
|---|---|---|
| ASX trading & CHESS sponsorship | Yes — CHESS sponsored with individual HIN | No — tastytrade does not offer ASX trading |
| US brokerage minimum | $0.99 USD | $0 USD |
| Fractional shares (US) | Yes | No |
| Auto-invest / DCA | Yes — multiple level | No |
| Deposit methods | PayID, Bank transfer (OSKO/NPP) | International wire (USD), ACH (US only), cheque (US only) |
Pick moomoo if you want ASX access, CHESS sponsorship and fractional US shares; pick tastytrade only if you're US-only and options-focused.
Common questions
How do moomoo and tastytrade compare on asx trading & chess sponsorship?
moomoo: Yes — CHESS sponsored with individual HIN. tastytrade: No — tastytrade does not offer ASX trading.
How do moomoo and tastytrade compare on us brokerage minimum?
moomoo: $0.99 USD. tastytrade: $0 USD.
How do moomoo and tastytrade compare on fractional shares (us)?
moomoo: Yes. tastytrade: No.
When is moomoo the better choice over tastytrade?
Pick moomoo if you want to trade ASX shares and ETFs under CHESS sponsorship with your own HIN; you want zero-commission US trading with fractional shares and a low US brokerage minimum of $0.99 USD; you want auto-invest / DCA features to dollar-cost average into the market; or you want a low FX spread of 0.003% and the ability to deposit via PayID or OSKO.
When is tastytrade the better choice over moomoo?
Pick tastytrade if you only trade US stocks, ETFs and options and don't need ASX access at all; you want zero minimum deposit and zero US brokerage minimum — no upfront commitment required; you're an active options trader who wants a platform built specifically for multi-leg options strategies; or you want to trade US bonds alongside equities and options.
moomoo or tastytrade — what's the verdict?
Pick moomoo if you want ASX access, CHESS sponsorship and fractional US shares; pick tastytrade only if you're US-only and options-focused.
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 | tastytrade |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | chess | custodian |
| Individual HIN | Yes | No |
| Individual account | Yes | Yes |
| Joint account | No | Yes |
| Company account | Yes | Yes |
| Trust account | Yes | Yes |
| SMSF account | Yes | No |
| Kids / minor account | — | No |
| asset coverage | ||
| ASX shares supported | Yes | No |
| ASX ETFs supported | Yes | No |
| US shares supported | Yes | Yes |
| US ETFs supported | Yes | Yes |
| Other markets supported | Hong Kong | |
| Fractional shares (ASX) | No | No |
| Fractional shares (US) | Yes | No |
| Options trading | Yes | Yes |
| CFDs supported | No | No |
| Managed funds | No | No |
| Bonds supported | No | Yes |
| IPO access | No | No |
| costs hidden | ||
| FX spread (AUD/USD) | 0.3% | — |
| FX spread (other currencies) | 0.3% | — |
| 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 | — | Standard US corporate action processing applies (dividends, splits, mergers). Mandatory corporate actions are processed at no fee; voluntary corporate actions (e.g. tender offers) may incur a fee per tastytrade's fee schedule. |
| 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. | Not applicable — tastytrade does not offer ASX trading. |
| US brokerage minimum | US$0.99 | US$0 |
| US brokerage percentage | 0% | 0% |
| Monthly platform fee | $0/month | $0/month |
| Annual platform fee | $0/year | $0/year |
| Inactivity fee | $0 | $0 |
| Withdrawal fee (AUD) | $0 | — |
| Off-market transfer fee | $55 | — |
| identity and trust | ||
| Legal entity name | Futu Securities (Australia) Ltd | tastytrade, Inc. |
| AFSL number | 224,663 | — |
| Year founded | 2,022 | 2,017 |
| Parent / ownership | Futu Holdings Ltd (NASDAQ: FUTU) | IG Group Holdings plc (LSE: IGG) |
| Country of incorporation | AU | US |
| Public company status | public | public |
| money movement | ||
| Minimum initial deposit | $500 | $0 |
| Minimum subsequent purchase | $0 | $0 |
| Deposit methods | PayID, Bank transfer (OSKO/NPP) | international wire (USD), ACH (US only), check (US only) |
| Settlement period | T+2 ASX; T+1 US | T+1 (US equities/ETFs, from May 2024) |
| Withdrawal time | 1-3 business days | International wire withdrawals to AU typically 3-5 business days |
| platform ux | ||
| iOS app | Yes | Yes |
| Android app | Yes | Yes |
| Desktop platform | Yes | Yes |
| Demo account | Yes | Yes |
| Free real-time market data | Yes | Yes |
| Free research reports | Yes | No |
| 2FA support | sms | authenticator app |
| Customer support channels | Phone, Live chat, Email, In-app | phone, email, live chat |
| Support hours (AU time) | 24/5 during US trading days; 9:30am-9:30pm AET weekends and holidays | Monday-Friday, approx. 7am-5pm US Central Time = approx. 10pm-8am AET (next day). Weekend support limited. No AU business-hours coverage. |
| Education content | video + courses | video + courses |
| tax and reporting | ||
| Australian tax statement | Yes | No |
| 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 | Yes |
| Auto-invest / DCA | Yes | No |
| Auto-invest sophistication | multiple | none |
| DRP (dividend reinvestment) | Yes | No |
| After-hours / overnight trading | Yes | Yes |