CMC Invest vs Tiger Brokers
The practical gap is brokerage structure. CMC Invest charges a flat $11 minimum on ASX trades and gives you one free ASX buy per security per day up to $1,000. Tiger Brokers charges from $3 with a 0.03% rate, plus a USD account and fractional US shares. Both are CHESS-sponsored with an individual HIN, so your ASX shares stay in your name either way.
- ›You want a free ASX buy every day per security up to $1,000, which suits small regular top-ups
- ›You trade across global markets beyond the US and Asia, with 15+ exchanges including UK, Canada, Japan and Europe
- ›You want managed funds alongside direct shares in the same account
- ›You want a broker that has been operating since 1989 under a long-standing AFSL
- ›You want a kids or minor account for family investing
- ›You want the lowest headline ASX brokerage, from $3 or 0.03% of trade
- ›You want to hold a USD account and avoid repeated FX conversion on US trades
- ›You want fractional US shares so you can buy part of a high-priced stock
- ›You want after-hours and overnight trading on US markets
- ›You want a demo account to practise before committing real money
Where they differ
| Fact | CMC Invest | Tiger Brokers |
|---|---|---|
| ASX brokerage minimum | 11 AUD | 3 AUD |
| ASX brokerage percentage | 0.001% of trade | 0.0003% of trade |
| ASX brokerage threshold | 1000 AUD | 10000 AUD |
| USD account | false | true |
| Fractional shares (US) | false | true |
Tiger Brokers is cheaper and better for US exposure; CMC Invest wins on global market breadth and managed funds.
Common questions
How do CMC Invest and Tiger Brokers compare on asx brokerage minimum?
CMC Invest: 11 AUD. Tiger Brokers: 3 AUD. Tiger is materially cheaper on small ASX parcels.
How do CMC Invest and Tiger Brokers compare on asx brokerage percentage?
CMC Invest: 0.001% of trade. Tiger Brokers: 0.0003% of trade. Percentage rate only bites above the threshold on each platform.
How do CMC Invest and Tiger Brokers compare on asx brokerage threshold?
CMC Invest: 1000 AUD. Tiger Brokers: 10000 AUD. CMC's percentage kicks in much earlier on larger trades.
When is CMC Invest the better choice over Tiger Brokers?
Pick CMC Invest if you want a free ASX buy every day per security up to $1,000, which suits small regular top-ups; you trade across global markets beyond the US and Asia, with 15+ exchanges including UK, Canada, Japan and Europe; you want managed funds alongside direct shares in the same account; or you want a broker that has been operating since 1989 under a long-standing AFSL.
When is Tiger Brokers the better choice over CMC Invest?
Pick Tiger Brokers if you want the lowest headline ASX brokerage, from $3 or 0.03% of trade; you want to hold a USD account and avoid repeated FX conversion on US trades; you want fractional US shares so you can buy part of a high-priced stock; or you want after-hours and overnight trading on US markets.
CMC Invest or Tiger Brokers — what's the verdict?
Tiger Brokers is cheaper and better for US exposure; CMC Invest wins on global market breadth and managed funds.
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 | CMC Invest | 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 | Yes | 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 | United Kingdom, Canada, Japan, Germany, France, Netherlands, Belgium, Spain, Switzerland, Sweden, Denmark, Norway, Singapore, Hong Kong, New Zealand | 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 | No | No |
| IPO access | Yes | Yes |
| costs hidden | ||
| FX spread (AUD/USD) | 0.6% | 0.55% |
| FX spread (other currencies) | 0.6% | — |
| Holds USD account | No | Yes |
| FX currency switch trick | — | No |
| Market data fees | $0/month | $0/month |
| Conditional order fees | $0 | $0 |
| Phone trade surcharge | $59.95 | — |
| costs visible | ||
| ASX brokerage minimum | $11 | $3 |
| ASX brokerage percentage | 0.1% | 0.03% |
| ASX brokerage threshold | $1,000 | $10,000 |
| ASX free trade conditions | $0 brokerage on first ASX buy order per security per day for trades up to $1,000 (excludes margin loan settled trades and sells) | 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 | $15 | $0 |
| Withdrawal fee (AUD) | $0 | $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 | 1,989 | 2,020 |
| Parent / ownership | CMC Markets plc (LSE: CMCX) | UP Fintech Holding Limited (NASDAQ: TIGR) |
| Country of incorporation | AU | AU |
| Public company status | public | public |
| money movement | ||
| Minimum initial deposit | $500 | $500 |
| Minimum subsequent purchase | $0 | $0 |
| Deposit methods | PayID, Bank transfer (EFT), BPAY | PayID, PayTo, Bank transfer (direct credit) |
| Settlement period | T+2 for ASX; T+1 for US | T+2 (ASX), T+1 (US) |
| Withdrawal time | 1-2 business days | 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 | No | Yes |
| Free real-time market data | Yes | Yes |
| Free research reports | Yes | — |
| 2FA support | authenticator app | authenticator app |
| Customer support channels | phone, email, live chat | phone, email, live chat, in-app |
| Support hours (AU time) | Monday-Friday, business hours AET (approx 8am-6pm) | Phone: 9am-5pm weekdays (AET). Live chat: 9am-8:30pm weekdays. Email: ongoing. |
| Education content | structured courses | structured courses |
| tax and reporting | ||
| Australian tax statement | Yes | Yes |
| Distribution component breakdown | 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 | Yes | Yes |
| Auto-invest sophistication | single asset | single asset |
| DRP (dividend reinvestment) | Yes | Yes |
| After-hours / overnight trading | No | Yes |