eToro vs Moomoo: How to Choose a Broker in Australia?

Key Takeaways

Searching for the right trading platform in Australia? Our comprehensive eToro vs moomoo comparison breaks down the key differences to help you choose the broker that fits your investing style. We review both platforms across crucial areas, such as fees, available investment products, trading features, promotions and bonuses and platforms supported, so you can confidently determine which option is the better match for your needs.

Introduction to Moomoo and eToro in Australia

What is moomoo?

Moomoo Australia has quickly risen to become one of the country’s most downloaded trading apps in 2025, which is an impressive milestone for a platform that only entered the Australian market in 2022. Backed by global fintech leader Futu, moomoo provides access to over 26,000 stocks and ETFs spanning the ASX, US, and Hong Kong markets.

The platform also supports CHESS-sponsored ASX trading, giving every new user their own Holder Identification Number (HIN) through the ASX CHESS system. This ensures direct ownership of Australian shares. ASX brokerage is competitively priced at A$3 per trade, or 0.03% of the trade value (GST included), whichever is higher, making it an appealing option for investors seeking low-cost trading.

To explore more about Moomoo Australia, simply click the link: About Moomoo.

What is eToro?

eToro is a highly regarded multi-asset platform that provides trading services for thousands of CFDs, stocks, and cryptocurrencies. Since its inception in 2007, the platform has attracted millions of active traders worldwide and operates under the authorisation of regulators such as the FCA and CySEC. It is especially well-known for its extensive social trading features.

How they compare: eToro vs moomoo?

Fees and commissions

When comparing eToro and moomoo, understanding their fee structures is critical because it directly affects how much you pay per trade.

Below is a breakdown of how their brokerage costs stack up, especially for Australian (ASX) and U.S. (NASDAQ/NYSE) markets.

1. Australian (ASX) brokerage fees

If keeping trading costs down is important to you, moomoo delivers a clear edge. Its AUD$3 or 0.03% ASX brokerage fee provides predictable, low-cost trading without hidden charges, and all fees are quoted directly in AUD.

Meanwhile, eToro’s ASX commissions are set in USD, which means your fees fluctuate with the exchange rate and typically start higher than moomoo’s.

2. U.S. (NASDAQ & NYSE) brokerage fees

When trading U.S. stocks on the NASDAQ or NYSE, the cost difference between eToro and moomoo becomes even more noticeable.

• eToro charges US$1–2 per trade, and its AUD/USD FX spread sits at 0.75%, which can add up quickly for active traders.

• Moomoo, on the other hand, offers a lower trading cost with US$0.99 per trade and a more competitive 0.5% FX spread for AUD/USD conversions. While standard settlement and regulatory activity fees still apply, moomoo’s overall pricing structure remains more cost-efficient for investors seeking affordable access to U.S. markets.

Available investment assets

Here’s a comparison of the available investment assets offered by Moomoo and eToro:

• Moomoo is very strong when it comes to traditional equity markets: it supports Australian, U.S., and Hong Kong stocks, ETFs, and U.S. Options. However, it doesn’t currently support crypto, commodities, or bonds.

• eToro, on the other hand, offers a wider variety of asset classes, especially for speculative trading: in addition to stocks and ETFs, you can trade cryptocurrencies, commodities, forex, and indices (mostly via CFDs). But eToro does not support U.S. Options, which could be a big deal for traders who use options strategies.

Trading tools and features

Here is a detailed table comparing the trading tools and features supported by Moomoo and eToro for Australian investors.

When comparing moomoo and eToro, it’s clear that the two platforms are built with very different strengths in mind.

Moomoo focuses heavily on delivering professional-grade trading tools, giving investors access to features typically found on advanced desktop platforms. This includes AI-powered analysis, free real-time Level 2 market data, pattern recognition alerts, Morningstar ratings, and a wide range of charting and research tools. For traders who rely on data depth, technical signals, and detailed market insights, moomoo provides a more comprehensive toolkit.

eToro, on the other hand, excels in social-driven investing. While it lacks some advanced analytical tools, it stands out for offering copy trading, a robust social feed, and a user-friendly environment for beginners. eToro also provides essential research features like analyst forecasts and strong charting capabilities, making it suitable for investors who prefer simplicity and social engagement over technical depth.

Promotions and bonuses

Here, we have summarised the relevant promotions and bonuses offered by Moomoo and eToro.

Moomoo Australia Promotions*

*T&Cs and eligibility apply for all promotions.

eToro Promotions

eToro currently runs several promotions and bonuses, but availability and terms depend heavily on your country, how you sign up, and whether you are a new or existing customer.

Welcome bonuses: In some regions (for example parts of Europe, the UK, and selected US users), new customers can receive free assets or crypto after opening an account, completing verification, and making a qualifying first deposit. Typical offers include tiered free stock or crypto worth roughly USD 40–500 when you deposit at least around USD 500 and keep the funds in your account for about 90 days, but exact tiers and eligible countries are set in eToro’s official promotion terms.

Source from: https://go.etoro.com/en/deposit/tiered-bonus

Platforms supported

Moomoo provides broad multi‑device coverage, including native desktop apps for Windows, Mac, and notably Linux, alongside iOS, Android, and a web platform, which is useful if you run mixed or Linux‑heavy setups.

eToro does not currently offer a native Linux desktop client, so Linux users will typically access it via a browser instead.

Security and regulation

Which is stronger for you?

If you care most about classic brokerage protections like SIPC in the US and CHESS‑sponsored ASX ownership in Australia, moomoo stands out by combining top‑tier regulators with exchange‑level share registration for local equities.

If you prioritise broad global regulation and regulated access to both traditional assets and crypto across Europe, the UK, Australia, and beyond, eToro offers a strong, multi‑jurisdiction framework and now sits under the EU’s MiCA regime for crypto.

In Australia, moomoo provides CHESS‑sponsored ASX trading, meaning eligible ASX shares are registered directly in your own HIN on the ASX sub‑register rather than pooled in the broker’s universal account. That structure is a security and ownership advantage for ASX investors because your holdings are recorded at the exchange level, which can simplify transfers between brokers and reduce custody‑risk concerns.

eToro operates through different entities that are regulated by top-tier authorities, including the UK FCA, CySEC in Europe, ASIC in Australia, and US registration with FinCEN for AML compliance. This multi‑jurisdiction footprint means client protection rules like MiFID II in the EEA, local conduct standards, and strong AML/CTF controls apply across key regions, which is attractive if you want one broker for global access.

Customer support

Moomoo is generally stronger on responsiveness and trading‑hours coverage, while eToro is more self‑service‑oriented and community‑driven, with solid but less responsive direct support in many reviews.

• Moomoo tends to emphasize availability for active traders, with many Australian reviewers and guides noting 24/5 or near‑around‑the‑clock support via live chat and email, which is handy if you trade US or Asian markets outside local business hours.

• eToro, by contrast, leans heavily on its large user community, help centre articles, and ticket‑based support rather than instant human contact in all regions. Reviews often describe its service as acceptable but slower to respond than moomoo.

eToro vs Moomoo: How to Choose in Australia?

Who each broker may appeal to?

• Moomoo

Moomoo may appeal to active, research-driven, or technically minded traders who value robust trading tools, deep market data, and very low trading costs, especially for ASX and U.S. stocks. It’s also great for more long-term investors who want CHESS-sponsored share ownership.

• eToro

eToro may appeal to social traders, beginners, and diversified investors. If you like the idea of copying experienced investors, sharing ideas, and investing in a wide range of asset classes including crypto and CFDs, eToro is very appealing.

Disclaimer: The number of downloads in Australia is the combined total of downloads for the Moomoo App in Australian iOS and Android stores. Due to the change of App version, from 1 Jan 2025 to 7 November 2025, Moomoo App refers to Moomoo global app. From 7 November 2025 onwards, it refers to the Moomoo Australia app. Ranking may change over time.