Moomoo Account Type

Moomoo offers a Chess-sponsored broker account that allows investors to have their shares registered directly in their name for added security. This account provides access to both Australian and US shares, with brokerage fees starting at $3 for ASX trades and $0.99 for US trades. Moomoo is recognized for being cost-effective, especially for casual ETF investors, and it has won multiple awards in the 2024 Mozo Experts Choice Awards.

Moomoo Broker Account Opening Process

To open a Moomoo account, follow these steps:

• Visit the Moomoo Website: Go to the official Moomoo site.
• Select 'Sign Up': Click on the 'Sign Up' button to start the registration process.
• Provide Personal Information: Fill in your details such as name, email address, and phone number.
• Verification: Complete identity verification by providing necessary documents like an Australian passport or driver's license.
• Set Up Your Account: Once verified, you will receive your unique Holder Identification Number (HIN) that links your shares to your account.
• Deposit Funds: Transfer funds into your Moomoo account to start trading.

CMC Invest Account Type

CMC Invest provides a Chess-sponsored brokerage account tailored for active investors. This account is known for its competitive costs and powerful trading tools, making it ideal for frequent traders. The brokerage fee is $11 or 0.10% for trades over $1,000, whichever is higher, with the first buy order up to $1,000 being commission-free.

CMC Invest Broker Account Opening Process

To open a CMC Invest account, follow these steps:

• Go to CMC Invest Website: Access the CMC Invest platform online.
• Choose 'Open an Account': Click on the option to open a new account.
• Fill in Your Details: Provide personal information including your name, address, and contact details.
• Identity Verification: Submit identification documents for verification, such as a driver's license or passport.
• Receive Your HIN: After verification, you will be assigned a Holder Identification Number (HIN).
• Fund Your Account: Deposit funds to start trading on the platform.

Saxo Markets Account Type

Saxo Markets offers a Chess-sponsored account for casual investors, which provides access to over 23,500 stocks across more than 50 exchanges. The commission starts at $3 AUD per trade or 0.08% of the trade value, whichever is higher.

Saxo Markets Broker Account Opening Process

To open a Saxo Markets account, follow these steps:

• Visit the Saxo Markets Website: Navigate to the Saxo Markets homepage.
• Select 'Open Account': Click on the 'Open Account' button.
• Complete the Application Form: Enter your personal information and financial details.
• Identity Verification: Upload identification documents to verify your identity.
• Obtain Your HIN: After verification, you will receive a Holder Identification Number (HIN).
• Deposit Funds: Transfer funds to your account to begin trading.

Stake Account Type

Stake provides a Chess-sponsored account for ASX investing, allowing users to trade Australian stocks and ETFs with a flat brokerage fee of $3 for trades up to $30,000. Stake is known for its minimalist mobile app and low-cost access to US markets.

Stake Broker Account Opening Process

To open a Stake account, follow these steps:

• Download the Stake App: Install the Stake app from the App Store or Google Play.
• Sign Up: Click on 'Sign Up' to create a new account.
• Provide Personal Information: Fill in your personal details and contact information.
• Identity Verification: Complete the verification process by submitting required documents.
• Get Your HIN: After verification, you will receive your Holder Identification Number (HIN).
• Fund Your Account: Deposit funds into your Stake account to start trading.

NABtrade Account Type

NABtrade offers a Chess-sponsored trading account, allowing investors to retain ownership of shares they purchase. The platform provides access to a wide range of securities and features educational resources for both beginners and advanced investors.

NABtrade Broker Account Opening Process

To open a NABtrade account, follow these steps:

• Visit the NABtrade Website: Go to the NABtrade homepage.
• Select 'Join': Click on the 'Join' button to begin the application process.
• Choose Account Type: Select the type of account you want to open (individual, joint, etc.).
• Provide Required Information: