Share Trading comparison
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.
Choose
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
- ›You prefer a traditional bank-aligned broker with phone support from 7:30am and a $35 withdrawal fee that's clearly disclosed
Choose
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
- ›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 |
Verdict
Choose Tiger Brokers for low-cost, frequent trading; choose Bendigo Invest Direct if you want CHESS ownership and a bank-backed broker.
Cost calculator
What would Bendigo Invest Direct vs Tiger Brokers actually cost you?
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 |