Moomoo is one of Australia's fastest-growing brokers — and one of the cheapest. Here's every fee explained: ASX brokerage, US share fees, FX costs (spoiler: there aren't any), Hong Kong trading, and how it stacks up against Stake, Superhero and CommSec.
Every fee Moomoo charges in Australia, verified March 2026.
| Fee | Amount | Notes |
|---|---|---|
| ASX share trades | $3 or 0.03% | Whichever is greater. Includes GST. CHESS sponsored. |
| US share trades | US$0.99 per trade | Plus pass-through fees (~$0.01–$0.03). Does not include FX. |
| Hong Kong share trades | 0.03% of trade value | Plus HK exchange fees and stamp duty |
| FX conversion (AUD → USD) | $0 | No FX fee — major advantage over most AU brokers |
| FX conversion (AUD → HKD) | $0 | No FX fee on HK trades either |
| Options trading (US) | US$0.65 per contract | Plus exchange and regulatory fees |
| Account fee | $0 | No monthly or annual account fee |
| Inactivity fee | $0 | No inactivity fee |
| Deposit fee | $0 | Free via PayID or bank transfer |
| Withdrawal fee | $0 | Free AUD withdrawals |
| Live market data | $0 | Free Level 1 and Level 2 data for US and ASX — most brokers charge for this |
| Paper trading | $0 | Free practice account with virtual funds |
| CHESS transfer out | Check with Moomoo | Fee may apply to transfer ASX shares to another broker |
Enter your trade details to see exactly what Moomoo would cost you — including how it compares to Stake's FX fees on US shares.
How Moomoo stacks up against the other main Australian brokers on every key fee.
| Fee | Moomoo | Stake | Superhero | CommSec |
|---|---|---|---|---|
| ASX ($5,000 trade) | $3.00 =cheapest | $3.00 | $2.00 | $19.95 |
| US shares | $0.99/trade | $0 | $0 | 0.31% min $8 |
| FX conversion | $0 best | 0.50% | 0.65% | ~0.60% |
| HK shares | ✓ 0.03% | ✗ Not available | ✗ Not available | ✗ Not available |
| Free live data | ✓ Free | Basic | Basic | ✓ Good |
| Paper trading | ✓ Free | ✗ No | ✗ No | ✗ No |
| CHESS sponsored | ✓ Yes | ✓ Yes | ✓ Yes | ✓ Yes |
| Inactivity fee | $0 | $0 | $0 | $0 |
Moomoo's zero FX fee makes it the clear winner for investors who regularly buy US shares. If you invest $10,000 per month in US stocks, you save $50/month vs Stake and $600/year — just from the FX fee difference alone. That saving easily outweighs the $0.99 per trade cost.
It's also the only mainstream Australian broker offering Hong Kong share trading — a genuine differentiator for investors wanting Asian market exposure without setting up an international account.
The free Level 2 data, paper trading, and AI analysis tools make it particularly well-suited to active traders and investors who want professional-grade tools without paying for them separately. Most other platforms charge $15–$30/month for the same data.
Where Moomoo is less suited: pure ASX-only investors who trade small amounts (Superhero's $2 flat is cheaper than Moomoo's $3 for trades under $10,000), and complete beginners who may find the feature-rich interface overwhelming at first.
Yes. Moomoo operates in Australia as Moomoo Securities Australia Ltd (AFSL 224663), regulated by ASIC. ASX shares are CHESS-sponsored, meaning they're registered in your name on the ASX register. Client funds are held in segregated trust accounts with CBA and HSBC, separate from Moomoo's own funds.
The parent company, Futu Holdings (NASDAQ: FUTU), is listed on the Nasdaq — one of the world's most scrutinised stock exchanges — with a market cap of approximately US$21 billion as of early 2026. Tencent is the largest institutional investor. Being Nasdaq-listed means the company is subject to US SEC reporting requirements, adding an additional layer of transparency.
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