Best CHESS-sponsored brokers in 2024
If you prefer having your shares registered directly in your name for added security, you’ll want a broker that offers CHESS sponsorship.
To make things easy, we’ve highlighted some top share trading platforms from the 2024 Mozo Experts Choice Awards, each offering CHESS ownership and a whole lot more.
Best CHESS-sponsored broker for casual ETF investors
Moomoo, a CHESS-sponsored broker, has earned its place as one of the most cost-effective choices for ETF investments and those making smaller, infrequent trades in ASX shares.
Therefore, it’s no surprise that it took home two awards in the Casual ASX Investor and Casual ETF Investor categories at the 2024 Mozo Experts Choice Awards.
But that’s not all—here’s what else makes Moomoo a standout:
Moomoo share trading account
- CHESS-sponsored shares
- No monthly account-keeping fees (other fees may apply)
- Trade Australian shares and ETFs starting at $3 brokerage per order
- Access to US shares and ETFs starting at US$0.99 brokerage per order (other fees apply)
- Multiple 2024 Mozo Experts Choice Awards^ winner
Moomoo offers a robust trading platform with affordable fees for both ASX and US stocks. In Australia, trades start at A$3 or 0.03% of the order value, whichever is higher. For US stocks, there’s a flat fee of US$0.99 per trade.
Moomoo also has a great mobile share trading app, packed with plenty of useful features for beginners and smart data tools for those who know what they’re looking for. It’s perfect for those wanting global market access and real-time data, and keeps you updated with news from Bloomberg, Dow Jones, Benzinga and more.
Keep in mind that purchasing shares from foreign exchanges with AUD involves a foreign exchange fee, which is included in the exchange rate. Be sure to review the full Financial Services Guide for more details.
Best CHESS-sponsored broker for active investors
CMC Invest has built a strong reputation with its competitive costs and powerful trading tools. Active investors looking for frequent short-term trading opportunities will appreciate why it won the Online Share Trader of the Year for Active Investors at the 2024 Mozo Experts Choice Awards.
And if you’re into international stocks, you’ll be glad to know CMC Invest is also among the lowest-cost platforms for U.S. trades, earning it the Casual US Trader award too.
Let’s have a closer look:
Share Investing (Standard)
- CHESS-sponsored shares
- $11 or 0.10% brokerage fee on trades over $1,000 (whichever is higher)
- $0 brokerage on first buy order up to $1,000 (limited to one stock per trading day)
- Easy access to 15 international markets
- Multiple 2024 Mozo Experts Choice Awards^ winner
CMC Invest is highly regarded among active traders for its dynamic trading tools and competitive cost structure. They have a straightforward pricing model: $11 or 0.10% on Australian trades over $1,000. Plus, they throw in your first trade each day for free up to a $1,000 cap, limited to one stock per day.
CMC Markets also stands out for its wealth of educational support through guides and resources, including articles, ebooks, podcasts and videos.
Ideal for active traders looking for a robust platform with extensive market access, CMC Invest also offers insights from industry leaders and up-to-the-minute global market data.
Best CHESS-sponsored broker for casual investors
Saxo Markets stands out as the top choice for CHESS-sponsored brokerage for casual investors, earning the prestigious title of Online Share Trader of the Year for Casual Investors at the 2024 Mozo Experts Choice Awards.
This recognition reflects its wins across several key categories, including Casual ASX Investor, Casual ETF Investor and Casual US Investor.
For the casual investor—someone who invests infrequently and with a long-term focus—Saxo Markets certainly delivers value across a variety of investment types.
Let’s see what makes it so special:
Saxo Markets Classic
- CHESS-sponsored shares
- 23,500+ stocks
- Access to live data and market updates
- Access to 50+ exchanges including ASX, NYSE, and Hong Kong
- Multiple 2024 Mozo Experts Choice Awards^ winner (Classic)
Saxo Markets makes investing accessible for casual investors with its user-friendly platform and low fees. There's no monthly fee, and commissions start at just $3 AUD per trade or 0.08% of the trade value (whichever is higher) on the Classic tier. For Platinum and VIP tiers, commissions decrease to a flat rate of 0.05% and 0.03% of the trade value, respectively.
Saxo makes it easy to invest globally with access to over 50 exchanges and more than 23,500 stocks. However, please note that trading international stocks involves a currency conversion fee. Make sure you review the full Financial Services Guide for more details.
Best CHESS-sponsored broker with a great mobile share trading app
A previous winner of Share Trading Platform of the Year (Casual) in the 2023 Mozo Experts Choice Awards, Stake continues to impress in 2024. This CHESS-sponsored broker is recognised for its low costs, earning top spots in the Casual ASX Investor and Casual ETF Investor categories.
Stake’s ASX Share Trading account is easily accessible through its sleek, minimalist mobile app—making it an excellent choice for those who love the mobile trading experience.
Stake ASX Share Trading
- CHESS-sponsored shares
- $3 flat brokerage for ASX trades (up to $30,000)
- Access to over 2,000 ASX stocks and ETFs
- Minimalist mobile trading app
- Multiple 2024 Mozo Experts Choice Awards^ winner
Best known for providing low-cost access to US markets, Stake only charges a foreign exchange fee when you convert money to and from USD, not when you buy and sell. It’s also a solid option for investors looking to buy and sell Australian stocks, offering access to over 2,000 ASX stocks and ETFs through its ASX Share Trading option.
With brokerage set at just A$3 per trade (for trade values up to $30,000), Stake could be a platform worth exploring if you’re looking to reduce your costs as much as possible.
Just be aware that Stake doesn't offer an automated settlement account; instead, you have to manually transfer funds to your Stake account following specific instructions each time you want to fund it.
Before you make up your mind, compare online share trading platforms and keep an eye out for brokerage fees, special offers, and more, or have a look at the featured brokers below.
Share account comparisons on Mozo
Loading SVG...Share Investing
Standard
Small trade brokerage
Monthly fee
$0.00$0.00CMC Markets Invest makes it easy to trade with a handy web and mobile platform, competitive pricing and thousands of securities. Buy Australian and US shares from $0 brokerage (T&Cs apply - see website for full details).
Share Investing
CMC Markets Invest makes it easy to trade with a handy web and mobile platform, competitive pricing and thousands of securities. Buy Australian and US shares from $0 brokerage (T&Cs apply - see website for full details).
- Monthly fee
- $0.00
- Monthly fee waiver
- -
- Special offers
- -
- Brokerage details
- $0 for trades up to $1,000. Greater of $11 and 0.1% for trades over $1,000.
- Settle from any bank account
- Settlement account offered
- ANZ Cash Account
- CHESS ownership available
- Share pack
- Independent broker reports
- International markets
- Options
- Warrants
- IPOs
- Live data
- Market depth data
- Real time charting
- Other restrictions
- -
Read our Mozo Review to learn more about the Share Investing
- Loading SVG...
Share Trading
Small trade brokerage
Monthly fee
$3.00$0.00Trade more than 22,000 shares, ETFs and options across the Australian, US and Hong Kong markets on the moomoo Australia platform. And only pay from A$3 for local CHESS-sponsored trades and US$0.99 for all US trades. Other fees apply. Earn up to 6.8% p.a. introductory rate for 30 days, applicable to up to AU$80,000 on uninvested cash, and get 10 free stocks with eligible deposits (T&Cs apply)
Share Trading
Trade more than 22,000 shares, ETFs and options across the Australian, US and Hong Kong markets on the moomoo Australia platform. And only pay from A$3 for local CHESS-sponsored trades and US$0.99 for all US trades. Other fees apply. Earn up to 6.8% p.a. introductory rate for 30 days, applicable to up to AU$80,000 on uninvested cash, and get 10 free stocks with eligible deposits (T&Cs apply)
- Monthly fee
- $0.00
- Monthly fee waiver
- -
- Special offers
- Ongoing free access to real-time US market data.
- Brokerage details
- ASX trades are 0.03% the transaction amount, minimum $3.00 per order. US trades from $0.99 USD, other fees apply.
- Settle from any bank account
- Settlement account offered
- Customer funds held in segregated trust accounts with HSBC.
- CHESS ownership available
- Share pack
- Independent broker reports
- International markets
- Options
- Warrants
- IPOs
- Live data
- Market depth data
- Real time charting
- Other restrictions
- Additional regulatory pass-through fees apply for US trades. Options are available for US markets only.
Read our Mozo Review to learn more about the Share Trading
Share Trading
Small trade brokerage
Monthly fee
$7.70$0.00Buy and sell with a low $7.70 flat fee per trade and access to all ASX Shares and ETFs to invest in with GO Markets. Enjoy dedicated local customer support, a regulated Australian company for trading ASX Shares and ETFs. Plus, enjoy $0 Brokerage on your next 15 trades! (T&Cs apply).
Share Trading
Buy and sell with a low $7.70 flat fee per trade and access to all ASX Shares and ETFs to invest in with GO Markets. Enjoy dedicated local customer support, a regulated Australian company for trading ASX Shares and ETFs. Plus, enjoy $0 Brokerage on your next 15 trades! (T&Cs apply).
- Monthly fee
- $0.00
- Monthly fee waiver
- -
- Special offers
- -
- Brokerage details
- $7.70 brokerage for trades under $100,000, then 0.05%.
- Settle from any bank account
- Settlement account offered
- Macquarie Cash Management Account
- CHESS ownership available
- Share pack
- Independent broker reports
- International markets
- Options
- Warrants
- IPOs
- Live data
- Market depth data
- Real time charting
- Other restrictions
- -
Read our Mozo Review to learn more about the Share Trading
Share Trading
Small trade brokerage
Monthly fee
-$0.005000+ stocks and 19 exchanges all on the eToro app. Invest in ETFs with $0 commission and stocks with just US$2 per trade. Join the world’s leading social trading platform, trusted by 30+ million users worldwide.
Share Trading
5000+ stocks and 19 exchanges all on the eToro app. Invest in ETFs with $0 commission and stocks with just US$2 per trade. Join the world’s leading social trading platform, trusted by 30+ million users worldwide.
- Monthly fee
- $0.00
- Monthly fee waiver
- -
- Special offers
- -
- Brokerage details
- $2 USD brokerage fee for stock trades, 0.5% fee is applied to all funds paid into or taken out of the USD settlement account
- Settle from any bank account
- Settlement account offered
- Customer funds are held in a Trust Account managed by JP Morgan Chase and Co
- CHESS ownership available
- Share pack
- Independent broker reports
- International markets
- Options
- Warrants
- IPOs
- Live data
- Market depth data
- Real time charting
- Other restrictions
- $5 USD withdrawal fee applies and a $10 monthly inactivity fee is charged after 12 months with no login activity.
Read our Mozo Review to learn more about the Share Trading
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