Share Trading comparison
moomoo vs Tiger Brokers
Moomoo and Tiger Brokers are two of the most aggressive low-cost brokers to land in Australia, and on the surface they look almost identical — both are CHESS-sponsored, charge $3 ASX trades and offer US stocks. The biggest practical difference is US brokerage pricing: moomoo charges a flat US$0.99 per trade, while Tiger charges US$2 or 0.01% (whichever is higher). That makes moomoo the cheaper option for frequent US traders, but Tiger fights back with a more generous new-client offer and access to China A-shares.
Choose
moomoo
if…
- ›You trade US stocks regularly and want the lowest US brokerage at US$0.99 flat (Tiger charges US$2 minimum).
- ›You want the tightest FX spread on AUD/USD conversions — moomoo's 0.003% spread is nearly half Tiger's 0.0055%.
- ›You prefer a more sophisticated auto-invest feature that supports multiple asset levels (Tiger only offers single-asset DCA).
- ›You want 24/5 phone support during US trading hours; moomoo's support runs later on weekends and holidays.
- ›You want a lower off-market transfer fee at $50 (Tiger charges $55).
Choose
Tiger Brokers
if…
- ›You're a new client who wants to trade for free — Tiger offers zero brokerage on up to 4 ASX/US trades per month for new customers.
- ›You want access to China A-shares in addition to Hong Kong stocks (moomoo only offers Hong Kong).
- ›You need a joint account — moomoo doesn't offer one, but Tiger does.
- ›You prefer authenticator-app 2FA over SMS-based 2FA for better security.
- ›You want IPO access — Tiger offers it; moomoo does not.
Where they differ
| Fact | moomoo | Tiger Brokers |
|---|---|---|
| US brokerage minimum | US$0.99 | US$2 |
| FX spread (AUD/USD) | 0.003% | 0.0055% |
| New-client free trades | None (promotional only) | Up to 4 free trades/month |
| Joint accounts | Not available | Available |
| Additional markets | Hong Kong | Hong Kong + China A-shares |
Verdict
Pick moomoo for cheaper US trades and tighter FX spreads; pick Tiger for free starter trades, joint accounts and China A-share access.
Cost calculator
What would moomoo vs Tiger Brokers 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 | Tiger Brokers |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | chess | chess |
| Individual HIN | Yes | Yes |
| Individual account | Yes | Yes |
| Joint account | No | Yes |
| 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 | Hong Kong, China A-shares |
| Fractional shares (ASX) | No | No |
| Fractional shares (US) | Yes | Yes |
| Options trading | Yes | Yes |
| CFDs supported | No | No |
| Managed funds | No | No |
| Bonds supported | No | No |
| IPO access | No | Yes |
| 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 | No |
| Market data fees | $0/month | $0/month |
| Conditional order fees | $0 | $0 |
| costs visible | ||
| ASX brokerage minimum | $3 | $3 |
| ASX brokerage percentage | 0.03% | 0.03% |
| ASX brokerage threshold | $10,000 | $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. | New clients receive zero-brokerage on up to 4 trades per month on ASX/US stocks, ETFs or options (minimum brokerage waived; third-party fees still apply). |
| 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 | $50 |
| identity and trust | ||
| Legal entity name | Futu Securities (Australia) Ltd | Tiger Brokers (AU) Pty Limited |
| AFSL number | 224,663 | 300,767 |
| Year founded | 2,022 | 2,020 |
| Parent / ownership | Futu Holdings Ltd (NASDAQ: FUTU) | UP Fintech Holding Limited (NASDAQ: TIGR) |
| Country of incorporation | AU | AU |
| Public company status | public | public |
| money movement | ||
| Minimum initial deposit | $500 | $500 |
| Minimum subsequent purchase | $0 | $0 |
| Deposit methods | PayID, Bank transfer (OSKO/NPP) | PayID, PayTo, Bank transfer (direct credit) |
| Settlement period | T+2 ASX; T+1 US | T+2 (ASX), T+1 (US) |
| Withdrawal time | 1-3 business days | 1-2 business days (Tiger review) plus bank processing; can arrive same day |
| 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 | — |
| 2FA support | sms | authenticator app |
| Customer support channels | Phone, Live chat, Email, In-app | phone, email, live chat, in-app |
| Support hours (AU time) | 24/5 during US trading days; 9:30am-9:30pm AET weekends and holidays | Phone: 9am-5pm weekdays (AET). Live chat: 9am-8:30pm weekdays. Email: ongoing. |
| Education content | video + courses | structured courses |
| 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 | Yes |
| Auto-invest / DCA | Yes | Yes |
| Auto-invest sophistication | multiple | single asset |
| DRP (dividend reinvestment) | Yes | Yes |
| After-hours / overnight trading | Yes | Yes |