Best CHESS-sponsored brokers in 2024
While custodial model platforms – which typically hold shares on your behalf – can help reduce the financial barrier to entry for new share traders, some prefer the added security of CHESS-sponsored shares held under their own HIN.
So, if you’re looking for a new online broker that offers CHESS-sponsored holdings, add the following share trading platforms to your shortlist.
The following are some of the best share trading platforms to come out of the 2024 Mozo Experts Choice Awards^, all offering CHESS ownership for your shares.
Best CHESS-sponsored broker for casual ETF investors
Moomoo is a new addition to our list of CHESS-sponsored brokers, but a regular feature in the Mozo Experts Choice Awards^, having earned two awards in 2024 in the Casual ASX Investor and Casual ETF Investor categories.
The CHESS-sponsored broker was named as one of the leading options for those who make smaller, infrequent trades in ASX shares, as well as being among the lowest-cost brokers for investing in ETFs.
Moomoo also has a great mobile share trading app, packed with plenty of useful features for beginners and smart data tools for those who know what they’re looking for.
Best CHESS-sponsored broker for active investors
CMC Invest is a well-renowned CHESS-sponsored broker and one of the best share trading platforms in Australia recognised three years in a row as Online Share Trader of the Year for Active Investors in the Mozo Experts Choice Awards^.
Aside from winning a Casual US Trader award for being one of the lowest-cost platforms for smaller trades on US exchanges, CMC Invest’s Standard account was a standout in the Regular Investor category, while its ALPHA and CMC Pro Platform accounts each dominated the Active Trader awards category.
CMC Invest also provides its clients with guides and resources, including comprehensive news and analysis in the form of articles, ebooks, podcasts and video content.
Best CHESS-sponsored broker for casual investors
Saxo Markets offers CHESS-sponsored brokerage to investors who want a triple award-winning broker that won the 2024 Mozo Experts Choice Award^ title for Online Share Trader of the Year for Casual Investors.
Saxo Market was recognised as one of the best in the Casual ASX Investor, Casual ETF Investor, and Casual US Investor categories, making it an all-around champion for online share traders.
Saxo Markets Classic
- CHESS-sponsored shares
- 23,500+ stocks
- Access to live data and market updates
- Access to 50+ exchanges including ASX, NYSE, and Hong Kong
- Multiple 2024 Mozo Experts Choice Awards^ winner (Classic)
SAXO lets you invest in over 50 exchanges worldwide with access to trade more than 23,500 stocks with no monthly fees. It has a minimum commission of $3 AUD per trade or a basis point of the investment value, whichever is higher. If your account is on the Classic tier, the commission is 0.08% of trade value, while Platinum accounts are at 0.05% of trade value and 0.03% for the VIP tiers. Just keep in mind that when you trade stocks outside of the Australian market, you’ll have to pay a currency conversion fee.
As well as winning Provider of the Year for Casual Investors in the Mozo Experts Choice Awards, the Classic account also took out some wins in the Casual ASX Investor, Casual ETF Investor, and Casual US Investor Categories.
Best CHESS-sponsored broker with a great mobile share trading app
Previous winner of Share Trading Platform of the Year (Casual) back in the 2023 Mozo Experts Choice Awards^, Stake is a CHESS-sponsored broker now recognised for its low cost for casual traders and ETF investors, winning Casual ASX Investor and Casual ETF Investor awards in 2024.
Stake’s ASX Share Trading account can be accessed through the online broker’s sleek and minimalist mobile app, which we believe is a great share trading platform for mobile.
Before you make up your mind, compare online share trading platforms and keep an eye out for brokerage fees, special offers, and more, or have a look at the featured brokers below.
Share account comparisons on Mozo - rates updated daily
Share Trading
Small trade brokerage
Monthly fee
$3.00$0.00Invest in AU stocks, US stocks, HK stocks and ETFs on moomoo trading platform. US trades from $0.99 USD, other fees apply. Backed by a Nasdaq-listed fintech. (T&Cs apply).
Share Trading
Invest in AU stocks, US stocks, HK stocks and ETFs on moomoo trading platform. US trades from $0.99 USD, other fees apply. Backed by a Nasdaq-listed fintech. (T&Cs apply).
- Monthly fee
- $0.00
- Monthly fee waiver
- -
- Special offers
- Ongoing free access to real-time US market data.
- Brokerage details
- ASX trades are 0.03% the transaction amount, minimum $3.00 per order. US trades from $0.99 USD, other fees apply.
- Settle from any bank account
- Settlement account offered
- -
- CHESS ownership available
- Share pack
- Independent broker reports
- International markets
- Options
- Warrants
- IPOs
- Live data
- Market depth data
- Real time charting
- Other restrictions
- Additional fees apply for US trades.
Read our Mozo Review to learn more about the Share Trading
Share Investing
Standard
Small trade brokerage
Monthly fee
$0.00$0.00CMC Markets Invest makes it easy to trade with a handy web and mobile platform, competitive pricing and thousands of securities. Buy Australian and US shares from $0 brokerage (T&Cs apply - see website for full details).
Share Investing
CMC Markets Invest makes it easy to trade with a handy web and mobile platform, competitive pricing and thousands of securities. Buy Australian and US shares from $0 brokerage (T&Cs apply - see website for full details).
- Monthly fee
- $0.00
- Monthly fee waiver
- -
- Special offers
- -
- Brokerage details
- $0 for trades up to $1,000. Greater of $11 and 0.1% for trades over $1,000.
- Settle from any bank account
- Settlement account offered
- ANZ Cash Account
- CHESS ownership available
- Share pack
- Independent broker reports
- International markets
- Options
- Warrants
- IPOs
- Live data
- Market depth data
- Real time charting
- Other restrictions
- -
Read our Mozo Review to learn more about the Share Investing
Tiger Account
Small trade brokerage
Monthly fee
$5.50$0.00Tiger Brokers is an online broker listed on NASDAQ. It offers access to US, ASX & HK stocks, ETFs and US options trading. Mozo special offer for new users only: Earn 7% p.a. on uninvested cash balance up to AUD 100,000 for the first 150 days, with a value up to AUD 2,877. Plus get US$30 Tesla (TSLA) and US$30 NVIDIA (NVDA) shares with an accumulated deposit greater than AUD 2000. T&Cs apply – for full details, go to the Tiger Brokers website.
Tiger Account
Tiger Brokers is an online broker listed on NASDAQ. It offers access to US, ASX & HK stocks, ETFs and US options trading. Mozo special offer for new users only: Earn 7% p.a. on uninvested cash balance up to AUD 100,000 for the first 150 days, with a value up to AUD 2,877. Plus get US$30 Tesla (TSLA) and US$30 NVIDIA (NVDA) shares with an accumulated deposit greater than AUD 2000. T&Cs apply – for full details, go to the Tiger Brokers website.
- Monthly fee
- $0.00
- Monthly fee waiver
- -
- Special offers
- Mozo special offer for new users only: 7% p.a. on uninvested cash balance for 150 days valued up to AUD2,877. Plus get US$30 TSLA and US$30 NVDA shares with accumulated deposit more than A$2000. T&Cs apply.
- Brokerage details
- 0.055% of trade value, $5.50 minimum brokerage.
- Settle from any bank account
- Settlement account offered
- no
- CHESS ownership available
- Share pack
- Independent broker reports
- International markets
- Options
- Warrants
- IPOs
- Live data
- Market depth data
- Real time charting
- Other restrictions
- -
Read our Mozo Review to learn more about the Tiger Account
Share Trading
Small trade brokerage
Monthly fee
$7.70$0.00Buy and sell with a low $7.70 flat fee per trade and access to all ASX Shares and ETFs to invest in with GO Markets. Enjoy dedicated local customer support, a regulated Australian company for trading ASX Shares and ETFs. Plus, enjoy $0 Brokerage on your next 15 trades! (T&Cs apply).
Share Trading
Buy and sell with a low $7.70 flat fee per trade and access to all ASX Shares and ETFs to invest in with GO Markets. Enjoy dedicated local customer support, a regulated Australian company for trading ASX Shares and ETFs. Plus, enjoy $0 Brokerage on your next 15 trades! (T&Cs apply).
- Monthly fee
- $0.00
- Monthly fee waiver
- -
- Special offers
- -
- Brokerage details
- $7.70 brokerage for trades under $100,000, then 0.05%.
- Settle from any bank account
- Settlement account offered
- Macquarie Cash Management Account
- CHESS ownership available
- Share pack
- Independent broker reports
- International markets
- Options
- Warrants
- IPOs
- Live data
- Market depth data
- Real time charting
- Other restrictions
- -
Read our Mozo Review to learn more about the Share Trading
ASX Shares
Small trade brokerage
Monthly fee
$0.00$0.00Join the world’s leading social trading platform, trusted by 30 million users worldwide. Invest in stocks, crypto, ETFs and more - all in one place. Hone your financial skills with a $100K virtual demo account.
ASX Shares
Join the world’s leading social trading platform, trusted by 30 million users worldwide. Invest in stocks, crypto, ETFs and more - all in one place. Hone your financial skills with a $100K virtual demo account.
- Monthly fee
- $0.00
- Monthly fee waiver
- n/a
- Special offers
- -
- Brokerage details
- There are no brokerage charges but a 0.50% fee is applied to all funds paid into or taken out of the USD settlement account
- Settle from any bank account
- Settlement account offered
- Customer funds are held in a Trust Account managed by JP Morgan Chase and Co
- CHESS ownership available
- Share pack
- Independent broker reports
- International markets
- Options
- Warrants
- IPOs
- Live data
- Market depth data
- Real time charting
- Other restrictions
- $5 USD withdrawal fee applies and a $10 monthly inactivity fee is charged after 12 months with no login activity.
Read our Mozo Review to learn more about the ASX Shares
Idle Cash
Small trade brokerage
Monthly fee
$5.50$0.00Receive interest on your uninvested cash. Deposit over USD/AUD 5,000 to start receiving 1.5% return; 2.25% return on over AUD 50,000; Up to 3.25% return on over USD 50,000. Mozo special offer for new users only: Get USD 50 fractional shares plus USD 25 Tesla shares with a cumulative net deposit of min. AUD 500 within 7 days of the first account opening. T&Cs apply.
Idle Cash
Receive interest on your uninvested cash. Deposit over USD/AUD 5,000 to start receiving 1.5% return; 2.25% return on over AUD 50,000; Up to 3.25% return on over USD 50,000. Mozo special offer for new users only: Get USD 50 fractional shares plus USD 25 Tesla shares with a cumulative net deposit of min. AUD 500 within 7 days of the first account opening. T&Cs apply.
- Monthly fee
- $0.00
- Monthly fee waiver
- -
- Special offers
- Mozo special offer for new users only: 7% p.a. on uninvested cash balance for 150 days valued up to AUD2,877. Plus get US$30 TSLA and US$30 NVDA shares with accumulated deposit more than A$2000. T&Cs apply.
- Brokerage details
- 0.055% of trade value, $5.50 minimum brokerage.
- Settle from any bank account
- Settlement account offered
- no
- CHESS ownership available
- Share pack
- Independent broker reports
- International markets
- Options
- Warrants
- IPOs
- Live data
- Market depth data
- Real time charting
- Other restrictions
- -
Read our Mozo Review to learn more about the Idle Cash
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