Moomoo vs Stake 2026
For US stock investing, moomoo's US$0.99/trade and $0 FX makes it one of the cheapest options in Australia. Stake charges US$3/trade + 0.55% FX. But for large ASX trades, Stake's flat A$3 wins. Here's the full breakdown.
Key takeaways
- ·US stocks: Moomoo wins clearly — US$0.99/trade + $0 FX (as of July 2026 — verify current FX fee at moomoo.com.au) vs Stake's US$3 + 0.55% FX on deposits.
- ·ASX trades under A$10,000: equal — both charge A$3 flat.
- ·ASX trades over A$10,000: Stake wins — moomoo switches to 0.03% (e.g. A$20K trade = A$6 at moomoo vs A$3 at Stake).
- ·Both are ASIC-regulated and CHESS-sponsored for Australian shares.
- ·Moomoo offers advanced charting, Level 2 data, and options trading — Stake has a simpler interface suited to beginners.
- ·Stake referral bonus: free US stock + $10 credit with code jaymem884 (deposit A$50 within 24h).
Quick verdict
Choose moomoo if…
You actively invest in US stocks and want to minimise FX and brokerage costs. Moomoo's $0 FX + US$0.99 brokerage is the lowest cost structure for US-focused investing among Australian brokers. Also better for advanced traders who want Level 2 data and options.
Choose Stake if…
You make large ASX trades (over A$10,000), want a simpler platform, or are new to investing. The referral bonus (free stock + $10 via code jaymem884) also offsets early trade costs. Stake suits investors who want US access without the complexity of moomoo's advanced features.
Side-by-side comparison
| moomoo AU | Hello Stake | |
|---|---|---|
| ASX brokerage (≤A$10K) | A$3 flat | A$3 flat |
| ASX brokerage (>A$10K) | 0.03% of trade | A$3 flat |
| US brokerage | US$0.99 flat | US$3 flat |
| FX conversion fee | $0 | 0.55% on deposits |
| HK stocks brokerage | HK$3 + HK$15 platform | Not available |
| Account fee | $0 | $0 |
| Inactivity fee | $0 | $0 |
| CHESS sponsorship (ASX) | Yes (via FinClear) | Yes |
| Fractional shares (US) | Yes (0.99%, cap US$0.99) | Yes (US$10 min) |
| Options trading | Yes | No |
| Level 2 market data | Free (limited) | Stake Black only |
| Paper trading (practice) | Yes | No |
| Beginner-friendly UI | Moderate | Strong |
| Welcome bonus | Varies (check site) | Free stock + $10 ✓ |
| US stocks available | 8,000+ | 9,500+ |
Verify moomoo's FX fee before investing. The $0 FX conversion shown above was moomoo's policy as of July 2026 — this may have been a promotional rate introduced on entry to the Australian market. If moomoo's FX fee has changed, the cost comparisons in this article would change significantly. Always check moomoo.com.au/pricing for the current FX fee before depositing.
US stocks: total cost comparison
Stake's 0.55% FX is charged once per deposit, not per trade. This changes the maths depending on how many trades you make from a single deposit. The table below shows total fees (FX + brokerage) for each scenario — moomoo wins in every case because its $0 FX advantage is never erased.
Assumes 1 AUD ≈ 0.645 USD. Stake: US$3/trade. Moomoo: US$0.99/trade. Stake FX: 0.55% of AUD deposit.
| AUD deposited | US trades | Stake total fees | Moomoo total fees | Moomoo saves |
|---|---|---|---|---|
| A$2,000 | 1 | A$15.62(A$11 FX + A$4.62 brok) | A$1.53 | A$14.09 |
| A$5,000 | 3 | A$41.36(A$27.5 FX + A$13.86 brok) | A$4.59 | A$36.77 |
| A$5,000 | 10 | A$73.70(A$27.5 FX + A$46.20 brok) | A$15.30 | A$58.40 |
| A$10,000 | 5 | A$78.10(A$55 FX + A$23.10 brok) | A$7.65 | A$70.45 |
| A$10,000 | 20 | A$147.40(A$55 FX + A$92.40 brok) | A$30.60 | A$116.80 |
| A$20,000 | 10 | A$156.20(A$110 FX + A$46.20 brok) | A$15.30 | A$140.90 |
The $0 FX saving at moomoo is a fixed advantage per deposit — it doesn't disappear with more trades. No matter how many US trades you make from a deposit, moomoo is cheaper than Stake if your deposit is over ~A$1,800 (where 0.55% FX ≈ A$10, more than you'd save on brokerage at low trade counts).
ASX brokerage: equal until A$10,000, then Stake wins
Both brokers charge A$3 flat for ASX trades up to A$10,000. Above that, moomoo's 0.03% rate kicks in, quickly exceeding Stake's A$3 flat cap. For ETF investors making regular purchases of A$5,000–10,000, this makes no difference. For investors placing larger lump-sum trades, Stake is cheaper.
| ASX trade size | Moomoo | Stake | Winner |
|---|---|---|---|
| A$1,000 | A$3.00 | A$3.00 | Equal |
| A$3,000 | A$3.00 | A$3.00 | Equal |
| A$5,000 | A$3.00 | A$3.00 | Equal |
| A$10,000 | A$3.00 | A$3.00 | Equal |
| A$15,000 | A$4.50 | A$3.00 | Stake |
| A$20,000 | A$6.00 | A$3.00 | Stake |
| A$30,000 | A$9.00 | A$3.00 | Stake |
| A$50,000 | A$15.00 | A$5.00 | Stake |
Stake ASX: A$3 flat (≤A$30K, then 0.01%). Moomoo ASX: A$3 flat or 0.03% (whichever is greater). Above A$10,000 the minimum fee no longer applies at moomoo.
Platform and features
Beyond fees, the platforms serve different types of investors. Moomoo is feature-rich: it offers advanced charting tools, Level 2 market depth data (free in limited form), paper trading for practice, and options trading on US stocks. It's well-suited to more active investors who want analytical tools built in.
Stake has a simpler, cleaner interface — less overwhelming for newer investors. The Stake app has a higher beginner-friendliness rating, with a more focused experience on buying and holding stocks. Stake Black adds market depth and analyst ratings at a premium. For investors who don't need options or Level 2 data, Stake's straightforward experience is genuinely appealing.
Both are regulated by ASIC and hold Australian Financial Services Licences. Neither offers a managed fund or auto-invest feature (that's Pearler's territory). Moomoo is backed by Futu Holdings (NASDAQ-listed), and Stake is operated by Hello Stake Pty Ltd.
Which investor each platform suits
Moomoo suits
Active US stock investors
US$0.99 brokerage + $0 FX makes moomoo the lowest cost Australian broker for regular US trading. The saving is significant at any deposit size.
Advanced traders
Options trading, Level 2 data, and advanced charting make moomoo better equipped for investors who analyse markets before trading.
Paper traders / learners
Moomoo's practice trading mode lets new investors test strategies without real money — Stake has no equivalent.
HK market investors
If you want access to Hong Kong-listed stocks, only moomoo offers it. Stake is ASX and US only.
Stake suits
Large ASX trade investors
Stake's A$3 flat applies to all ASX trades up to A$30,000 — moomoo's 0.03% quickly exceeds this for trades over A$10,000.
Beginners
Stake's clean interface is less intimidating than moomoo's feature-heavy platform. Better starting point for investors new to brokerage accounts.
Referral bonus seekers
Code jaymem884 gives new users a free US stock + $10 credit — a meaningful offset on early trades. Moomoo's offer varies.
Australian and US mixed investors
For investors who split between ASX and US, Stake's cost advantage on large ASX trades and competitive US structure can balance out well.
Our verdict
For US stock investing, moomoo wins on cost — often by a significant margin. The combination of US$0.99 brokerage and $0 FX means moomoo is cheaper than Stake for any US-focused investor regardless of deposit size or trade frequency.
For large ASX trades, Stake wins. Stake's A$3 flat rate holds up to A$30,000, while moomoo's 0.03% runs away above A$10,000. If your typical ASX trade is above A$10,000, Stake is materially cheaper on the ASX side.
For most new Australian investors, the choice comes down to what you're primarily investing in. Heavy US exposure → moomoo. Predominantly ASX with some US → Stake is competitive and simpler. Either way, using code jaymem884 at Stake gives you a free US stock and $10 to start.
Not financial advice. Verify current fees at hellostake.com/au/pricing and moomoo.com.au/pricing before investing.
Frequently asked questions
Moomoo is materially cheaper for US stocks. Moomoo: US$0.99/trade + $0 FX. Stake: US$3/trade + 0.55% FX on deposits. On a A$5,000 AUD deposit with 5 US trades, Stake costs ~A$38.85 (FX + brokerage) vs moomoo's ~A$7.65 (brokerage only). The $0 FX is the biggest factor — for any investor putting serious AUD into US markets, moomoo wins on cost.