moomoo vs Totality Wealth
The biggest practical difference between moomoo and Totality Wealth comes down to ownership model and market access. moomoo is a CHESS-sponsored broker that gives you an individual HIN on the ASX, while Totality Wealth uses a mixed model (custodial for most markets, CHESS for ASX). moomoo also offers US fractional shares and zero-commission US trading above the minimum, whereas Totality Wealth charges percentage-based brokerage across the board but opens up 17 global markets.
- ›You want CHESS sponsorship with your own HIN for ASX-listed shares and ETFs
- ›You want to buy US fractional shares (moomoo supports them; Totality does not)
- ›You want zero-commission US trades after a $0.99 minimum — moomoo charges 0% above that
- ›You want free real-time market data included, with no monthly subscription
- ›You want auto-invest / DCA functionality to automate regular purchases
- ›You need access to 17 global markets including the UK, Japan, Germany, Canada and Singapore
- ›You want to trade bonds or CFDs — Totality supports both; moomoo does not
- ›You want a joint account or more flexible deposit methods including credit card, PayPal and Wise
- ›You want zero minimum deposit to open an account — Totality has no minimum initial deposit
Where they differ
| Fact | moomoo | Totality Wealth |
|---|---|---|
| CHESS sponsorship model | CHESS (individual HIN) | Mixed — CHESS for ASX, custodial for international |
| US brokerage fee structure | $0.99 minimum, then 0% | $1 minimum, then 0.08% |
| Fractional shares (US) | Yes | No |
| Global markets available | Australia, US, Hong Kong | 17 markets including UK, Japan, Germany, Canada, Singapore and more |
| Free real-time market data | Yes | No |
Choose moomoo for low-cost US trading and CHESS-sponsored ASX investing; choose Totality Wealth for multi-market global access and CFDs.
Common questions
How do moomoo and Totality Wealth compare on chess sponsorship model?
moomoo: CHESS (individual HIN). Totality Wealth: Mixed — CHESS for ASX, custodial for international.
How do moomoo and Totality Wealth compare on us brokerage fee structure?
moomoo: $0.99 minimum, then 0%. Totality Wealth: $1 minimum, then 0.08%.
How do moomoo and Totality Wealth compare on fractional shares (us)?
moomoo: Yes. Totality Wealth: No.
When is moomoo the better choice over Totality Wealth?
Pick moomoo if you want CHESS sponsorship with your own HIN for ASX-listed shares and ETFs; you want to buy US fractional shares (moomoo supports them; Totality does not); you want zero-commission US trades after a $0.99 minimum — moomoo charges 0% above that; or you want free real-time market data included, with no monthly subscription.
When is Totality Wealth the better choice over moomoo?
Pick Totality Wealth if you need access to 17 global markets including the UK, Japan, Germany, Canada and Singapore; you want to trade bonds or CFDs — Totality supports both; moomoo does not; you want a joint account or more flexible deposit methods including credit card, PayPal and Wise; or you want zero minimum deposit to open an account — Totality has no minimum initial deposit.
moomoo or Totality Wealth — what's the verdict?
Choose moomoo for low-cost US trading and CHESS-sponsored ASX investing; choose Totality Wealth for multi-market global access and CFDs.
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 | Totality Wealth |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | chess | mixed |
| 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 | US, GB, HK, JP, DE, FR, CA, SG, CH, NL, IT, ES, BE, AT, DK, SE, NO, FI |
| Fractional shares (ASX) | No | No |
| Fractional shares (US) | Yes | No |
| Options trading | Yes | Yes |
| CFDs supported | No | Yes |
| Managed funds | No | No |
| Bonds supported | No | Yes |
| IPO access | No | No |
| costs hidden | ||
| FX spread (AUD/USD) | 0.3% | 0.45% |
| FX spread (other currencies) | 0.3% | 0.45% |
| 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 | — | Custodian processes corporate actions; proxy voting subscription EUR 30/year + EUR 5 per vote; new instrument requests USD 200 for Platinum / free for VIP legacy tiers; reporting fee USD 50 for Classic email reports. |
| costs visible | ||
| ASX brokerage minimum | $3 | $3 |
| ASX brokerage percentage | 0.03% | 0.08% |
| ASX brokerage threshold | $10,000 | $3,750 |
| 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$1 |
| US brokerage percentage | 0% | 0.08% |
| 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 | Totality Wealth Limited (formerly Saxo Capital Markets (Australia) Pty Ltd) |
| AFSL number | 224,663 | 280,372 |
| Year founded | 2,022 | 2,012 |
| Parent / ownership | Futu Holdings Ltd (NASDAQ: FUTU) | DMA (Johannesburg, South Africa) 80.1% / Saxo Bank A/S (Denmark) 19.9% |
| Country of incorporation | AU | AU |
| Public company status | public | private |
| money movement | ||
| Minimum initial deposit | $500 | $0 |
| Minimum subsequent purchase | $0 | $0 |
| Deposit methods | PayID, Bank transfer (OSKO/NPP) | bank_transfer, BPAY, credit_card, debit_card, PayPal, Wise |
| Settlement period | T+2 ASX; T+1 US | T+2 ASX, T+1 US |
| Withdrawal time | 1-3 business days | 1-3 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 | No |
| Free research reports | Yes | Yes |
| 2FA support | sms | 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 | Mon-Fri 08:30-17:30 Sydney time |
| Education content | video + courses | extensive |
| tax and reporting | ||
| Australian tax statement | Yes | No |
| Distribution component breakdown | — | No |
| CGT calculator / report | Yes | No |
| 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 | Yes |
| After-hours / overnight trading | Yes | No |