moomoo share accounts

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Moomoo is a digital trading platform launched with the mission to democratise investing, rapidly establishing itself in Australia after launching here in 2022. By combining share trading tools with a community-based user experience, you can get a big picture view of the market and how everyone else is operating. With over 23 million global users and client assets exceeding $74 billion (USD), Moomoo can be a good option whether you’re a novice or an experienced trader.

Mozo may receive payment if you click products on our site. We don’t compare the entire market.

moomoo share trading

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Share Trading

Small trade brokerage
$3.00
Large trade brokerage
0.03%
Monthly fee
$0.00
Go to site
  • Low brokerage fees starting at A$3 for ASX trades

  • CHESS-sponsored broker with personal HIN for Australian shares

  • Advanced trading tools and real-time data at no extra cost

  • Access to US and Hong Kong markets with competitive rates

  • Complex platform interface may overwhelm beginners

  • Limited access to international markets beyond US and Hong Kong

Our verdict

Moomoo stands out in the Australian trading landscape with its tech-forward approach and value proposition. The platform offers fairly low brokerage rates at just A$3 per trade for ASX-listed securities (or 0.03% of transaction value, whichever is greater), while US trades are available for as low as US$0.99.

Moomoo also comes with a wide range of trading tools and real-time market data which is usually reserved for premium subscribers on other platforms but offered at no additional cost. The platform provides access to detailed company financials, advanced charting capabilities, and AI-powered analytics to help inform trading decisions.

For Australian investors, CHESS sponsorship means that shares are held under their own Holder Identification Number (HIN) instead of being held custodially. The platform also has an integrated social trading feature included as part of a community of over 23 million global users sharing trading ideas. 

Where do I get it? You can open an account through Moomoo’s website
Mozo may receive payment if you click products on our site. We don’t compare the entire market, but you can compare more online share trading accounts here.
Last updated 4 December 2024 Important disclosures

moomoo share accounts

FAQs

Is Moomoo safe to use in Australia?

Yes, Moomoo is regulated by ASIC and operates as a CHESS-sponsored broker in Australia. 

What markets can I trade through moomoo?

Moomoo provides direct access to Australian (ASX), United States, and Hong Kong markets. You can also gain exposure to other markets through Exchange-Traded Funds (ETFs).

Are there any ongoing fees?

No, Moomoo does not charge platform fees, account keeping fees, or inactivity fees. You only pay brokerage when you trade.

What support is available if I need help?

Moomoo offers 24-hour weekday customer service through the app and website. 

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Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.