Moomoo Review Australia: Features, Fees, and More

Moomoo¹ is a popular investment platform which lets you grow and manage your investment portfolio with assets in Australia, the US and Hong Kong. This offers simple ways to avoid concentration risk, by diversifying your holdings - as well as a low cost, intuitive trading experience.

So - is Moomoo legit for trading in Australia, and what are the Moomoo fees you’ll have to pay when you buy or sell assets with the app? This Moomoo review for Australia covers all you need to know. We'll also introduce to you Wise that can help you save on international transfers with it's low, transparent fees and mid-market exchange rates.

What is Moomoo?

Moomoo is a digital trading app which lets you buy, sell and manage a variety of trades across stocks, ETFs, options and fractional shares. You can manage your account from your phone through the Moomoo app, and access assets in Australia, the US and Hong Kong in real time.

This guide is for information only, and does not constitute advice. The value of investments can go down as well as up - get professional advice before you put your money at risk.

Is Moomoo safe?

It’s natural to wonder if Moomoo is legit - and a good question to ask before you trade. The good news is that Moomoo holds an Australian Financial Services Licence (AFSL), and is safe to use as long as you take the time to understand general investment risks and secure your account appropriately.

Moomoo: Key features

Moomoo has several core business areas, including easy ways to buy and sell local and international assets, automatic investment programs, options trading for more experienced investors and accounts you can use to manage super investments or excess cash Here’s a summary of the key features offered by Moomoo so you can see if any suit you.

Moomoo Shares and ETFs

You can buy and sell shares and ETFs with Moomoo on the ASX, or through exchanges in the US and Hong Kong. In the US you can also buy fractional shares which offers a good way for investors with lower amounts to put aside to get access to high value stocks and the dividends they pay.

• Learning hub, AI analysis tools and 24/5 customer support in English and Mandarin
• Flat rate brokerage fees for many trades and no minimum purchase amount in many cases
• Flexible trading including advanced order types like market orders which allow you to time your buys carefully
• CHESS-sponsored brokerage on all ASX trades, to automatically register your assets in your name
• Access to the Hong Kong market to trade in Asia more conveniently
• Fractional shares from just 1 USD, allowing access to high price stocks more easily

Moomoo options trading

Moomoo offers options trading on the US market², which can suit experienced investors looking for high returns with smaller upfront investment. This is a more complex way of investing which does also have significant risk - including high or even unlimited losses in some cases. Moomoo has some good education tools for people interested in learning about options trading, but be sure you’re aware of all the possible risks before you start this type of trade.

Moomoo recurring investments

Moomoo has auto-invest tools which allow you to access lower fees for regular investments in USD and AUD. Costs vary depending on the type of trade you want to make and the currency you choose to invest in, but this is a popular approach for newer investors who want to slowly build their portfolio over time. Invest from as little as 10 USD/month.

Moomoo accounts

Finally Moomoo has account options including:

• Moomoo SMSF account - option for flexible, tax efficient investment of your super funds³
• Moomoo cash plus account - interest earning account for your excess cash when you have uninvested funds in Moomoo⁴

Moomoo: Fees

The costs of using Moomoo trading Australia depend on the types of investments you want to make, and in some cases the currencies and value of your trades. We've covered the basics of Moomoo pricing⁶ here, but as other fees can also apply depending on the trade type, you’ll also want to read through the full price scheme carefully before you sign up with Moomoo.

Moomoo fees - stocks, ETFs and fractional US shares

With Moomoo you can invest in stocks and ETFs from Australia, the US and Hong Kong. You can also buy fractional US shares which makes it more accessible to invest in large, high ticket firms. The costs depend on the currency involved and the volume or value of assets you’re buying. Here’s a summary:

*Details correct at time of writing - 25th November 2025

Moomoo fees - options

Options trading is a more complex type of trade best suited to experienced investors. The costs of options trading with moomoo depend on whether you’re a frequent trader looking for a tiered plan that benefits high volume trading, or a basic pay as you go option with fixed costs. Here’s what you need to know:

*Details correct at time of writing - 25th November 2025

Moomoo fees - recurring investments

If you want to invest regularly in AUD or USD, Moomoo’s recurring investment process could suit your needs. The autoinvest tools let you make regular payments or trades, to keep building your portfolio value, even by just a few dollars a month. Here are the Moomoo fees:

*Details correct at time of writing - 25th November 2025

Moomoo fees - currency conversion

Finally, there are costs when you use Moomoo to convert currencies. This may happen when you deposit AUD and buy assets in USD for example, or when you withdraw a foreign currency dividend to an AUD denominated account. In this case, Moomoo adds a margin, measured in pips to the rate used to convert. Pips are the smallest smallest standard unit of measurement for that given currency pair - usually 0.0001 of a dollar.

To illustrate this, when you convert AUD to USD, Moomoo uses an added spread of 50 pips. This means that if you convert 100 AUD to USD, the cost will be equivalent to a 0.5 USD fee. We’ll touch on how a service like Wise can help you manage your own currency conversion, later.

Here’s a roundup of the different Moomoo currency costs:

*Details correct at time of writing - 25th November 2025

How to get started with Moomoo

Here’s how to set up an account with Moomoo and get ready for your first trade⁶:

1. Download the Moomoo app on your phone
2. Register an account by adding your name, address and tax information
3. Agree to the Risk Disclosure and enter any required financial information

Your account may be approved quickly, but this can take 3 days in some cases.

Once your account is open you can fund your account using bank transfer or PayID⁷. Only AUD deposits are available automatically, but you may be able to deposit a different currency like USD if you contact Moomoo customer services. This could be a smart idea if you plan to invest in US stocks as it allows you to manage your own currency conversion.

Fund Moomoo in USD from an account with a provider like Wise, and you’ll be able to convert your AUD to USD using the mid-market rate and low, transparent fees - leaving you in control of your exchange.

Moomoo review Australia: Summary

Moomoo offers convenient access to ASX stocks as well as easy ways to diversify your assets by buying stocks, ETFs and fractionals on the US market. You can also further spread your risk by choosing Asian investments through the Moomoo access to the Hong Kong market.

This guide gives you an introduction to the way Moomoo works, so you can decide if it’s right for you. And whichever platform you pick, check out how Wise can help you manage your exchange with the mid-market rate so you don’t spend more on fees than you need to.

Fund and manage your trading account with Wise to save on foreign currency fees

The Wise account is an easy way to save up to 5x when you send, spend, and withdraw money internationally. Hold and manage 40+ currencies, including AUD, USD, EUR, and more. All you need to do is sign up for a free account to get started, there's no monthly fees either.

You can exchange currencies at the mid-market rate on every conversion — basically the rate you see on Google. And with zero foreign transaction fees, and low, transparent pricing, Wise usually gives you the best value for your money. You can activate Wise Interest to earn returns* on your eligible balances while keeping your money available to spend.

You'll get 8+ local account details in AUD and a selection of other global currencies to get paid conveniently to your Wise account. And when it's time to send money abroad , enjoy fast, low-cost transfers to 140+ countries. Plus, you can get a linked Wise debit card for spending internationally at the same great mid-market rate.

When it comes to managing money globally, the Wise account is a handy tool that makes it easier and simpler.

🚀 Open your Wise account