Bendigo Invest Direct vs Tiger Brokers
The biggest difference between Bendigo Invest Direct and Tiger Brokers is cost. Tiger Brokers charges as little as $3 on ASX trades and offers zero-brokerage intro trades, while Bendigo Invest Direct starts at $19.95 per trade. That gap alone changes which investor each platform suits — but there are trade-offs in ownership structure, market access and features worth weighing up.
- ›You want CHESS-sponsored ownership with your own HIN and direct ASX settlement through a Bendigo Bank-backed service
- ›You trade across a broad range of international markets including the UK, Japan, Canada, Germany, France, Hong Kong, Singapore and New Zealand
- ›You need access to managed funds, bonds and IPOs from a single platform
- ›You prefer a traditional bank-aligned broker with phone support from 7:30am and a $35 withdrawal fee that's clearly disclosed
- ›You want low-cost ASX trading at $3 minimum brokerage (or free intro trades) instead of $19.95
- ›You trade US stocks regularly and want a dedicated USD account plus fractional US shares
- ›You want zero monthly market data fees and zero withdrawal fees
- ›You want after-hours US trading and a demo account to practice before committing real money
- ›You want to automate regular investments into a single ASX or US stock without manual orders
Where they differ
| Fact | Bendigo Invest Direct | Tiger Brokers |
|---|---|---|
| ASX brokerage minimum | $19.95 | $3 |
| US brokerage minimum | $0 | $2 USD |
| USD account | No (FX conversion on every trade) | Yes (hold USD directly) |
| Market data fees | $41.25/month | $0/month |
| Withdrawal fee | $35 | $0 |
Choose Tiger Brokers for low-cost, frequent trading; choose Bendigo Invest Direct if you want CHESS ownership and a bank-backed broker.
Common questions
How do Bendigo Invest Direct and Tiger Brokers compare on asx brokerage minimum?
Bendigo Invest Direct: $19.95. Tiger Brokers: $3. Tiger Brokers is dramatically cheaper on standard ASX trades.
How do Bendigo Invest Direct and Tiger Brokers compare on us brokerage minimum?
Bendigo Invest Direct: $0. Tiger Brokers: $2 USD. Bendigo Invest Direct offers zero-minimum US trades; Tiger charges $2 USD.
How do Bendigo Invest Direct and Tiger Brokers compare on usd account?
Bendigo Invest Direct: No (FX conversion on every trade). Tiger Brokers: Yes (hold USD directly). Tiger lets you avoid repeated FX spreads on US trades.
When is Bendigo Invest Direct the better choice over Tiger Brokers?
Pick Bendigo Invest Direct if you want CHESS-sponsored ownership with your own HIN and direct ASX settlement through a Bendigo Bank-backed service; you trade across a broad range of international markets including the UK, Japan, Canada, Germany, France, Hong Kong, Singapore and New Zealand; you need access to managed funds, bonds and IPOs from a single platform; or you prefer a traditional bank-aligned broker with phone support from 7:30am and a $35 withdrawal fee that's clearly disclosed.
When is Tiger Brokers the better choice over Bendigo Invest Direct?
Pick Tiger Brokers if you want low-cost ASX trading at $3 minimum brokerage (or free intro trades) instead of $19.95; you trade US stocks regularly and want a dedicated USD account plus fractional US shares; you want zero monthly market data fees and zero withdrawal fees; or you want after-hours US trading and a demo account to practice before committing real money.
Bendigo Invest Direct or Tiger Brokers — what's the verdict?
Choose Tiger Brokers for low-cost, frequent trading; choose Bendigo Invest Direct if you want CHESS ownership and a bank-backed broker.
Punch in your trade size and frequency. We'll do the full brokerage + FX + fees maths.
All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | Bendigo Invest Direct | Tiger Brokers |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | chess | chess |
| Individual HIN | Yes | Yes |
| Individual account | Yes | Yes |
| Joint account | Yes | Yes |
| Company account | Yes | Yes |
| Trust account | Yes | Yes |
| SMSF account | Yes | Yes |
| Kids / minor account | — | No |
| asset coverage | ||
| ASX shares supported | Yes | Yes |
| ASX ETFs supported | Yes | Yes |
| US shares supported | Yes | Yes |
| US ETFs supported | Yes | Yes |
| Other markets supported | UK, JP, CA, DE, FR, HK, SG, NZ, NL, BE, PT, ES, IT, NO, SE | Hong Kong, China A-shares |
| Fractional shares (ASX) | No | No |
| Fractional shares (US) | No | Yes |
| Options trading | Yes | Yes |
| CFDs supported | No | No |
| Managed funds | Yes | No |
| Bonds supported | Yes | No |
| IPO access | Yes | Yes |
| costs hidden | ||
| FX spread (AUD/USD) | 0.7% | 0.55% |
| FX spread (other currencies) | 0.7% | — |
| Holds USD account | No | Yes |
| FX currency switch trick | — | No |
| Market data fees | $41.25/month | $0/month |
| Conditional order fees | $0 | $0 |
| Phone trade surcharge | $50 | — |
| Corporate action fees | BPAY for corporate actions $10; IPO/Placement booking fee $55 per stock | — |
| costs visible | ||
| ASX brokerage minimum | $19.95 | $3 |
| ASX brokerage percentage | 0.11% | 0.03% |
| ASX brokerage threshold | $22,000 | $10,000 |
| ASX free trade conditions | — | New clients receive zero-brokerage on up to 4 trades per month on ASX/US stocks, ETFs or options (minimum brokerage waived; third-party fees still apply). |
| US brokerage minimum | US$0 | US$2 |
| US brokerage percentage | 0% | 0.01% |
| Monthly platform fee | $0/month | $0/month |
| Annual platform fee | $0/year | $0/year |
| Inactivity fee | — | $0 |
| Withdrawal fee (AUD) | $35 | $0 |
| Off-market transfer fee | $55 | $50 |
| identity and trust | ||
| Legal entity name | CMC Markets Stockbroking Limited | Tiger Brokers (AU) Pty Limited |
| AFSL number | 246,381 | 300,767 |
| Year founded | — | 2,020 |
| Parent / ownership | Bendigo and Adelaide Bank Limited (ABN 11 068 049 178); service operated by CMC Markets Stockbroking Limited, a member of the CMC Markets Group (CMC Markets plc, LSE-listed) | UP Fintech Holding Limited (NASDAQ: TIGR) |
| Country of incorporation | AU | AU |
| Public company status | public (Bendigo and Adelaide Bank ASX:BEN; CMC Markets plc LSE:CMCX) | public |
| money movement | ||
| Minimum initial deposit | $500 | $500 |
| Minimum subsequent purchase | — | $0 |
| Deposit methods | BPAY, direct credit | PayID, PayTo, Bank transfer (direct credit) |
| Settlement period | T+2 ASX (CHESS settlement) | T+2 (ASX), T+1 (US) |
| Withdrawal time | — | 1-2 business days (Tiger review) plus bank processing; can arrive same day |
| platform ux | ||
| iOS app | Yes | Yes |
| Android app | Yes | Yes |
| Desktop platform | Yes | Yes |
| Demo account | — | Yes |
| Free real-time market data | Yes | Yes |
| Free research reports | Yes | — |
| 2FA support | — | authenticator app |
| Customer support channels | phone, email, live_chat, in_app | phone, email, live chat, in-app |
| Support hours (AU time) | Mon-Fri 7:30am-7:00pm (chat/email) and 7:30am-5:30pm (phone) AEST/AEDT | Phone: 9am-5pm weekdays (AET). Live chat: 9am-8:30pm weekdays. Email: ongoing. |
| Education content | basic_articles | structured courses |
| tax and reporting | ||
| Australian tax statement | Yes | Yes |
| CGT calculator / report | Yes | Yes |
| Sharesight / Navexa integration | Yes | Yes |
| trading mechanics | ||
| Market orders | Yes | Yes |
| Limit orders | Yes | Yes |
| Stop loss orders | Yes | Yes |
| Conditional orders | Yes | Yes |
| Auto-invest / DCA | No | Yes |
| Auto-invest sophistication | none | single asset |
| DRP (dividend reinvestment) | Yes | Yes |
| After-hours / overnight trading | No | Yes |