Share Trading comparison
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.
Choose
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
- ›You want free real-time market data included, with no monthly subscription
- ›You want auto-invest / DCA functionality to automate regular purchases
Choose
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
- ›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 |
Verdict
Choose moomoo for low-cost US trading and CHESS-sponsored ASX investing; choose Totality Wealth for multi-market global access and CFDs.
Cost calculator
What would moomoo vs Totality Wealth 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 | 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 |