@romasliv Not by the Government's Financial Claims Scheme (which would only cover $250,000 of moomoo's funds in the event that CBA or HSBC collapsed - not moomoo.)
Also, moomoo's customers do not know the nature of the trust that owns the CBA and HSBC accounts - the trust may not prevent any liquidators of moomoo from seizing those funds.
I'm not saying moomoo will fail - I'm just saying that it is more risky to invest money with them than with Australian banks which is why moomoo is offerring a more attractive interest rate than banks. It is always true that the higher the return (interest rate), then the more risk the investment is.