Moomoo is a low cost share broker firm that offers a global investment and trading platform for shares. With Moomoo Share Trading, it is possible to invest in Australian and International Shares.
Investments using Moomoo will be covered under our Advanced package.
For more guidance on shares and related investments using your SMSF, see our share investment page.
Using the Macquarie Cash Management Account and the linked broker account may be a good option as this is tailor-made for SMSF’s (your choice to use is, though). You can now link your Macquarie Cash Management Account (CMA) with desktopbroker. This is an online trading platform to buy and sell Australian shares.
Desktopbroker allows your Fund to trade Australian equities and ETFs from your computer, mobile or tablet. When you trade, the Online Trading is linked to your Fund’s Macquarie CMA. The brokerage fees is charged at the greater of $19.95 or 0.12% of the trade value. Trustees that prefer to speak to a broker can do so, but there is an extra fee involved.
Benefits of desktopbroker:
- Competitive fees
- Account can be viewed by us, making the annual tax return process easier
- Account can be downloaded to BGL, the accounting software we use
- Mobile trading platform is an option
Other Brokers
In addition to the options above, Trustees can use any broker of their choice. This investment strategy we issue when setting up new Funds allows for shares investments being listed and unlisted shares as well as Australian and international shares. More guidance on the names to be noted on share certificates here: