Morphologically, Megalastrum can be distinguished by a subtle characteristic of venation and cutting (see picture). Toward the apices of the pinnae, the basal basiscopic lobes of the pinnules become adnate and decurrent on the costae (pinna rachises). The veins that supply these adnate and decurrent lobes spring from the costa (i.e., rachis of the pinna), not the costules. No other fern has this characteristic venation.
Also distinctive of Megalastrum are veins that end in hydathodes (swollen tips) behind the margins (see picture).
The spores of Megalastrum vary from echinate to cristate (see figure). As such they are quite different from those of Rumohra and Lastreopsis, the nearest outgroups.