Share Trading comparison
nabtrade vs Tiger Brokers
The biggest difference between nabtrade and Tiger Brokers is cost. Tiger Brokers charges as little as $3 on ASX trades and near-zero FX spreads, while nabtrade starts at $9.95 with a 0.8% FX spread. But nabtrade is a CHESS-sponsored bank-owned broker with a HIN in your name, whereas Tiger Brokers uses a custodian model despite offering a HIN — a distinction that matters for control of your holdings.
Choose
nabtrade
if…
- ›You want true CHESS sponsorship with an individual HIN — your shares are registered directly on the ASX in your name
- ›You need a full-service broker with access to managed funds, bonds, and international markets including the UK, Germany and Hong Kong
- ›You prefer the backing of a Big Four bank (NAB) and the ability to link accounts instantly for deposits and withdrawals
- ›You want a minor/kids account to invest on behalf of children
- ›You're comfortable paying higher brokerage for the peace of mind that comes with a traditional, ASIC-regulated bank-owned platform
Choose
Tiger Brokers
if…
- ›You want the lowest possible cost — $3 ASX trades and near-zero FX spreads on US stocks
- ›You trade US stocks frequently and want a dedicated USD account (no forced FX conversion on every trade)
- ›You want fractional US shares so you can buy a slice of expensive stocks like Amazon or Google
- ›You want to automate your investing with a DCA/auto-invest feature into individual stocks or ETFs
- ›You value a modern trading experience with a desktop platform, demo account, and after-hours US trading
Where they differ
| Fact | nabtrade | Tiger Brokers |
|---|---|---|
| ASX brokerage minimum | $9.95 | $3.00 |
| FX spread (AUD/USD) | 0.8% | 0.0055% |
| CHESS sponsorship model | CHESS (individual HIN) | CHESS (individual HIN) |
| USD account | No | Yes |
| Fractional shares (US) | No | Yes |
Verdict
Go with nabtrade for CHESS certainty and bank-grade safety; pick Tiger Brokers for dramatically lower costs and modern features.
Cost calculator
What would nabtrade 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 | nabtrade | 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 (LSE), Germany (Xetra), Hong Kong (HKEx) | 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) | 80% | 0.55% |
| FX spread (other currencies) | 80% | — |
| Holds USD account | No | Yes |
| FX currency switch trick | — | No |
| Market data fees | $19.95/month | $0/month |
| Conditional order fees | $0 | $0 |
| Phone trade surcharge | $59.95 | — |
| costs visible | ||
| ASX brokerage minimum | $9.95 | $3 |
| ASX brokerage percentage | 11% | 0.03% |
| ASX brokerage threshold | $20,000 | $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$9.95 | US$2 |
| US brokerage percentage | 11% | 0.01% |
| Monthly platform fee | — | $0/month |
| Annual platform fee | — | $0/year |
| Inactivity fee | — | $0 |
| Withdrawal fee (AUD) | $0 | $0 |
| Off-market transfer fee | $55 | $50 |
| identity and trust | ||
| Legal entity name | WealthHub Securities Limited | Tiger Brokers (AU) Pty Limited |
| AFSL number | 230,704 | 300,767 |
| Year founded | 2,012 | 2,020 |
| Parent / ownership | National Australia Bank Limited (ASX: NAB) | 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 | Direct credit / EFT, BPAY, Internal transfer from linked NAB account | PayID, PayTo, Bank transfer (direct credit) |
| Settlement period | ASX T+2; US T+1; UK/Germany/HK T+2 | T+2 (ASX), T+1 (US) |
| Withdrawal time | Instant to linked NAB accounts; 1 business day to other Australian banks | 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 | No | Yes |
| Demo account | No | Yes |
| Free real-time market data | Yes | Yes |
| Free research reports | Yes | — |
| 2FA support | SMS + PIN | authenticator app |
| Customer support channels | Phone, Email, Secure messaging (via NAB Internet Banking) | phone, email, live chat, in-app |
| Support hours (AU time) | Mon-Fri 8am-6pm AEST/AEDT (contact centre typically 9am-5pm) | Phone: 9am-5pm weekdays (AET). Live chat: 9am-8:30pm weekdays. Email: ongoing. |
| Education content | structured | structured courses |
| tax and reporting | ||
| Australian tax statement | Yes | Yes |
| Distribution component breakdown | No | — |
| 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 |