Best CHESS-sponsored brokers in 2024

By Jack Dona · · 2 min read
Fact Checked
Advertiser disclosure
An analyst looks at stock market data on a screen that is reflected in her reading glasses. Image features a Mozo Experts Choice Awards badge

While custodial model platforms – which typically hold shares on your behalf – can help reduce the financial barrier to entry for new share traders, some prefer the added security of CHESS-sponsored shares held under their own HIN. 

So, if you’re looking for a new online broker that offers CHESS-sponsored holdings, add the following share trading platforms to your shortlist.

The following are some of the best share trading platforms to come out of the 2024 Mozo Experts Choice Awards^, all offering CHESS ownership for your shares. 

Best CHESS-sponsored broker for casual ETF investors

Moomoo is a new addition to our list of CHESS-sponsored brokers, but a regular feature in the Mozo Experts Choice Awards^, having earned two awards in 2024 in the Casual ASX Investor and Casual ETF Investor categories. 

The CHESS-sponsored broker was named as one of the leading options for those who make smaller, infrequent trades in ASX shares, as well as being among the lowest-cost brokers for investing in ETFs. 

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.  

moomoo Share Trading
  • 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
Find out more

The moomoo share trading platform offers customers access to ASX and US stocks, including ETFs. Trading Australian shares and ETFs with moomoo starts at A$3 or 0.03% (whichever is larger) per order and trading US shares and ETFs will cost you a flat rate of US $0.99 per trade. 

Trading with moomoo also gives users access to real-time global market data and analysis tools, so they can stay up-to-date and informed when trading. Through moomoo, investors can also stay in the loop with news from Bloomberg, Dow Jones, Benzinga, and other sources.

Best CHESS-sponsored broker for active investors

CMC Invest is a well-renowned CHESS-sponsored broker and one of the best share trading platforms in Australia recognised three years in a row as Online Share Trader of the Year for Active Investors in the Mozo Experts Choice Awards^. 

Aside from winning a Casual US Trader award for being one of the lowest-cost platforms for smaller trades on US exchanges, CMC Invest’s Standard account was a standout in the Regular Investor category, while its ALPHA and CMC Pro Platform accounts each dominated the Active Trader awards category. 

CMC Invest also provides its clients with guides and resources, including comprehensive news and analysis in the form of articles, ebooks, podcasts and video content.

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 Markets offers a comprehensive service that will appeal to beginner and more experienced traders alike. Australian shares cost $11 or 0.10% on trades (whichever is higher), and $0 on your first buy order each day up to $1,000 (this is limited to one stock per day). CMC Markets picked up awards for Casual Trader, Regular Trader, and Active Trader categories and was also named our Online Share Trading Platform of the Year (Active Investor)^.

Best CHESS-sponsored broker for casual investors

Saxo Markets offers CHESS-sponsored brokerage to investors who want a triple award-winning broker that won the 2024 Mozo Experts Choice Award^ title for Online Share Trader of the Year for Casual Investors. 

Saxo Market was recognised as one of the best in the Casual ASX Investor, Casual ETF Investor, and Casual US Investor categories, making it an all-around champion for online share traders.  

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)
Find out more

SAXO lets you invest in over 50 exchanges worldwide with access to trade more than 23,500 stocks with no monthly fees. It has a minimum commission of $3 AUD per trade or a basis point of the investment value, whichever is higher. If your account is on the Classic tier, the commission is 0.08% of trade value, while Platinum accounts are at 0.05% of trade value and 0.03% for the VIP tiers. Just keep in mind that when you trade stocks outside of the Australian market, you’ll have to pay a currency conversion fee.

As well as winning Provider of the Year for Casual Investors in the Mozo Experts Choice Awards, the Classic account also took out some wins in the Casual ASX Investor, Casual ETF Investor, and Casual US Investor Categories.

Best CHESS-sponsored broker with a great mobile share trading app

Previous winner of Share Trading Platform of the Year (Casual) back in the 2023 Mozo Experts Choice Awards^, Stake is a CHESS-sponsored broker now recognised for its low cost for casual traders and ETF investors, winning Casual ASX Investor and Casual ETF Investor awards in 2024. 

Stake’s ASX Share Trading account can be accessed through the online broker’s sleek and minimalist mobile app, which we believe is a great share trading platform for mobile. 

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
Find out more

Alongside Stake’s low-cost access to the US markets, investors can also purchase over 2,000 Australian stocks and ETFs, with the platform’s ASX Share Trading option. Brokerage starts at $3 for each trade below the value of $30,000 (after which, you’ll be charged 0.01% of the trade valuE). Stake could be a share trading platform worth exploring for those looking to shave down their brokerage fees. Stake also won two 2024 Mozo Experts Choice Awards^ in the Casual ASX Investor and Casual ETF Investor categories.

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 - rates updated daily

Search promoted share trading below. Advertiser disclosure.
  • Mozo Experts Choice 2024
    Share Investing

    Standard

    Small trade brokerage
    Monthly fee
    $0.00
    $0.00

    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).

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    Details
  • Tiger Account

    Small trade brokerage
    Monthly fee
    $5.50
    $0.00

    Tiger Brokers is an online broker listed on NASDAQ. It offers access to US, ASX & HK stocks, ETFs and US options trading. Mozo special offer for new users only: Earn 7% p.a. on uninvested cash balance up to AUD 100,000 for the first 150 days, with a value up to AUD 2,877. Plus get US$30 Tesla (TSLA) and US$30 NVIDIA (NVDA) shares with an accumulated deposit greater than AUD 2000. T&Cs apply – for full details, go to the Tiger Brokers website.

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  • Share Trading

    Small trade brokerage
    Monthly fee
    $7.70
    $0.00

    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).

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  • Idle Cash

    Small trade brokerage
    Monthly fee
    $5.50
    $0.00

    Receive interest on your uninvested cash. Deposit over USD/AUD 5,000 to start receiving 1.5% return; 2.25% return on over AUD 50,000; Up to 3.25% return on over USD 50,000. Mozo special offer for new users only: Get USD 50 fractional shares plus USD 25 Tesla shares with a cumulative net deposit of min. AUD 500 within 7 days of the first account opening. T&Cs apply.

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  • Share Trading

    Small trade brokerage
    Monthly fee
    $8.00
    $0.00

    Enjoy access to over 13,000 local and international shares and ETFs with $0 Commission on all international shares including US. Trade pre- and post-market with extended hours on over 70 key US shares. Get better rates on domestic shares for active traders - trade Australian shares from $5 commission. (T&Cs apply). Around the clock customer support from real humans (not chat bots). Trade international and Australian shares from the one account with intuitive desktop and mobile app.

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