Webull vs Moomoo: Which Broker Should You Choose in Australia?

Quick Snapshot

Moomoo Australia

Moomoo Australia is an AI‑powered trading platform offering access to ASX, US, and Hong Kong markets with a focus on low‑cost global investing.

Key highlights:

Market Leadership: Australia's most downloaded trading apps in 2025.
AI-Driven Trading: Australia's 1st AI-powered trading platform.
Global Market Access: Offers one-stop trading across Australia, US and Hong Kong.

Webull Australia

Introduction to Moomoo and Webull in Australia

Moomoo Australia has rapidly grown in popularity, becoming one of the most downloaded trading apps in the country in 2025, a notable achievement for a platform that launched locally only in 2022. Backed by global fintech company Futu, moomoo gives Australian investors access to more than 26,000 stocks and ETFs across the ASX, U.S., and Hong Kong markets.

The platform also offers CHESS-sponsored ASX trading, assigning each new user a unique Holder Identification Number (HIN) to ensure direct ownership of their Australian shares. With ASX brokerage set at A$3 per trade, or 0.03% of the transaction value (GST included), whichever is higher. Moomoo stands out as a cost-effective choice for investors looking for affordable trading.

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

Webull is a newer share trading platform available to Australian investors, offering access to both local and global markets. It provides CHESS-sponsored ASX trades, $0 brokerage on Australian and US ETFs (Other pass-through fees and FX costs still apply.), and relatively low-cost access to a range of shares, options, and cryptocurrencies. While the platform includes a variety of tools and features, its appeal generally lies in giving investors a single app to manage different types of assets.

Moomoo vs Webull comparison: how do they compare?

Choosing between Moomoo and Webull can be challenging, as both platforms are known for their low-cost trading, sleek interfaces, and powerful research tools. While they share similarities as modern, data-driven brokers designed for active investors, each platform offers unique strengths in pricing, market access, and advanced features.

In this comparison, we break down how Moomoo and Webull stack up across key areas to help you decide which trading app better fits your investing style.

Fees and commissions

When evaluating Webull and Moomoo, it's essential to understand their fee structures as these directly influence your trading expenses.

Here is a detailed comparison of their brokerage fees, particularly focusing on the Australian (ASX) and U.S. (NASDAQ/NYSE) markets.

Available investment assets

Here’s a comparative table showing which investment assets are supported by moomoo and Webull.

• Both moomoo and Webull cover the basics: local Australian shares/ETFs, U.S. stocks/ETFs, Hong Kong/international equities, and U.S. options.

• Moomoo supports fractional share trading for both U.S. and Australian stocks, whereas Webull does not support Australian stocks.

• Webull offers crypto trading, while moomoo currently does not.

Trading tools and features

Here’s a high-level feature snapshot comparing the main trading tools on Moomoo and Webull for Australian investors.

When comparing moomoo Australia and Webull Australia, both platforms offer strong trading tools, but they cater to slightly different types of investors.

Moomoo stands out for its data-rich, analysis-driven ecosystem, offering over 100+ charting tools, free Level 2 US market depth, advanced AI-powered tools, and powerful stock/ETF screeners with 100+ filters. It also provides extended US trading hours including overnight trading, which is ideal for active traders who want to react to news events and global market movements in real time.

Features like customisable recurring investment plans, 24/5 in-app currency exchange, and a built-in social/community feed make the experience more comprehensive and integrated.

Webull, on the other hand, focuses on delivering a cleaner, research-oriented interface. It includes strong charting tools (60+ indicators), solid stock and ETF screeners, paper trading on both mobile and desktop, and full options analytics. While it doesn’t offer a full AI insights suite or overnight US trading, it does provide auto-invest capabilities, and access to market data (with some advanced feeds available via subscription).

Promotions and bonuses

When comparing Moomoo and Webull, users may also look at the promotional offers each platform provides. These can include welcome rewards, referral programs, or fee-related incentives, which vary by provider and may change over time.

Below is a factual overview of the current promotions available from both platforms to help you understand how they differ.

Moomoo Australia Promotions*

Webull Australia Promotions

• Welcome rewards: Webull's new customer promotion offers commission-free trading on the first 20 trades of U.S., Australian, Hong Kong, and A-shares, valid for 90 days. Additionally, new customers receive 30 days of access to Nasdaq Level 2 market data.

• Transfer rewards: Transfer your Australian and US stocks and you will have chance to get up to AUD$1,000 in rewards.

Source from: https://www.webull.com.au/activity & https://www.webull.com.au/ko-yield/1714052199382-56851e

User interface and experience

Regarding user interface and overall experience, both moomoo and Webull offer outstanding platforms tailored for Australian investors, each highlighting distinct strengths.

What’s good about each?

Moomoo interface

Where each platform has limitations

Webull interface; soure from: https://www.webull.com/trading-investing/stocks

Security and regulation

Moomoo and Webull are both highly respected for their strong security measures and strict adherence to regulations in Australia, yet they differ in certain aspects of their structure and the protections they offer.

Moomoo Security & Regulation

• Operates under Australian regulation: its Australian entity, Moomoo Securities Australia Ltd, holds an Australian Financial Services Licence (AFSL No. 224663) issued by Australian Securities and Investments Commission (ASIC).

• For ASX trades, moomoo acts as a CHESS-sponsored broker, meaning ASX share holdings are registered under your Holder Identification Number (HIN), giving you direct ownership of your shares.

• For U.S. securities, moomoo’s U.S. affiliate is regulated in the United States by the Financial Industry Regulatory Authority (FINRA) and the U.S. Securities and Exchange Commission (SEC). It is also a member of the Securities Investor Protection Corporation (SIPC). SIPC protection applies only to eligible U.S. securities and cash held with the U.S. affiliate and does not protect against market losses.

• Customer funds and client assets are held in segregated trust accounts, separate from moomoo’s own operating capital, typically at established banks. This segregation helps protect clients if the broker experiences financial difficulties.

Webull Security & Regulation

• In Australia: Webull Securities (Australia) Pty Ltd holds an AFSL and is fully licensed by ASIC. It is also a market participant of ASX and Cboe Australia, which means ASX trades are CHESS-sponsored and client holdings are registered properly.

• In the U.S.: Webull is a registered broker-dealer with the SEC and a member of FINRA. It also participates in SIPC protection for eligible U.S. securities and cash. SIPC coverage is up to US$500,000 (including up to US$250,000 for cash) and applies only in the event a member firm fails financially. SIPC does not cover a decline in the value of investments.

Customer support

What we know about support options

Moomoo

• Offers 24-hour live customer support on trading days. On non-trading days (weekends / holidays), support is available 09:30–21:30 AEST.

• Support channels include phone, in-app live chat, and email for Australian users.

Webull

• According to its Australian help documentation, phone support is available Monday to Friday during Australian market hours (not 24/7).

• The in-app chat or help centre is often described as the main support channel outside business hours.

Webull vs Moomoo: Which Broker is Best for Aussie Investors?

Deciding between Webull and Moomoo depends largely on your investing style, priorities, and what you value most in a trading platform. Each has strengths that appeal to different types of Aussie investors.

Why Moomoo stands out?

• Local-market strength & regulated safety: Moomoo Australia is licensed under the Australian regulator (ASIC) and offers CHESS-sponsored ASX trading, which gives direct share ownership under your own HIN.

• Advanced tools & data depth: The platform delivers pro-grade features such as free real-time Level 2 market data for US stocks, extensive charting tools, AI-powered analysis, and a robust research hub, valuable for investors relying on technical and fundamental analysis.

• Strong value for frequent traders: With low-cost trading (especially for ASX), no minimum deposit requirement, and a feature-rich platform, Moomoo is especially appealing for regular or active traders in Australia.

Why Webull stands out?

• Webull Australia offers zero-commission trading on ETFs, which can reduce cost, it may appeal to casual or low-volume investors.

• For those who prefer a cleaner, more intuitive interface with less complexity, Webull tends to be more streamlined than heavy-duty platforms; this may appeal to beginners or investors who want simplicity over extensive analysis tools.

Disclaimer: ^Source: data.ai, brokerage apps downloads in Australia. Note: 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.