Share Trading comparison
SelfWealth vs tastytrade
SelfWealth and tastytrade serve completely different investors. SelfWealth is an ASX-first broker with CHESS sponsorship and low-cost Australian share trading. tastytrade is a US-based platform built for options traders, offering zero-commission US stocks and sophisticated derivatives tools — but it doesn't support ASX trading at all.
Choose
SelfWealth
if…
- ›You want to buy ASX shares and ETFs under your own HIN with CHESS sponsorship
- ›You need SMSF, trust, company or minor account options
- ›You prefer depositing via OSKO, BPAY or EFT and want withdrawals in 1-2 business days
- ›You want dividend reinvestment (DRP) and auto-invest / DCA features
- ›You need Australian tax statements and local business-hours support
Choose
tastytrade
if…
- ›You trade US options — tastytrade is built for multi-leg options strategies with zero-commission US stock and options trades
- ›You want zero minimum deposit and zero brokerage on US stocks and ETFs
- ›You need a desktop trading platform with advanced charting and real-time market data included for free
- ›You want to trade US bonds or prefer T+1 settlement on US equities
- ›You value deep video-based education and a demo account to practice before trading
Where they differ
| Fact | SelfWealth | tastytrade |
|---|---|---|
| ASX trading | Supported (CHESS-sponsored, individual HIN) | Not supported |
| Options trading | Not supported | Supported (core feature) |
| US brokerage fee | $9.50 USD per trade | $0 USD per trade |
| FX spread (AUD/USD) | 0.6% | Not disclosed (USD account via international wire) |
| Minimum initial deposit | $500 AUD | $0 AUD |
Verdict
Pick SelfWealth for Australian shares under your own HIN; pick tastytrade for US options and zero-commission US trading.
Cost calculator
What would SelfWealth vs tastytrade actually cost you?
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All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | SelfWealth | tastytrade |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | mixed | custodian |
| Individual HIN | Yes | No |
| Individual account | Yes | Yes |
| Joint account | Yes | Yes |
| Company account | Yes | Yes |
| Trust account | Yes | Yes |
| SMSF account | Yes | No |
| Kids / minor account | Yes | No |
| asset coverage | ||
| ASX shares supported | Yes | No |
| ASX ETFs supported | Yes | No |
| US shares supported | Yes | Yes |
| US ETFs supported | Yes | Yes |
| Other markets supported | HK | |
| Fractional shares (ASX) | No | No |
| Fractional shares (US) | No | No |
| Options trading | No | Yes |
| CFDs supported | No | No |
| Managed funds | No | No |
| Bonds supported | No | Yes |
| IPO access | — | No |
| costs hidden | ||
| FX spread (AUD/USD) | 60% | — |
| Holds USD account | Yes | Yes |
| FX currency switch trick | — | No |
| Market data fees | $0/month | $0/month |
| Conditional order fees | $0 | $0 |
| Corporate action fees | — | Standard US corporate action processing applies (dividends, splits, mergers). Mandatory corporate actions are processed at no fee; voluntary corporate actions (e.g. tender offers) may incur a fee per tastytrade's fee schedule. |
| costs visible | ||
| ASX brokerage minimum | $9.5 | — |
| ASX free trade conditions | Selfwealth Premium subscribers ($29/month or $240/year) receive 10 complimentary trades annually; otherwise no free-trade conditions. | Not applicable — tastytrade does not offer ASX trading. |
| US brokerage minimum | US$9.5 | US$0 |
| US brokerage percentage | — | 0% |
| Monthly platform fee | $0/month | $0/month |
| Annual platform fee | $0/year | $0/year |
| Inactivity fee | $0 | $0 |
| Withdrawal fee (AUD) | $0 | — |
| Off-market transfer fee | $27.5 | — |
| identity and trust | ||
| Legal entity name | SelfWealth Pty Ltd | tastytrade, Inc. |
| AFSL number | 421,789 | — |
| Year founded | 2,012 | 2,017 |
| Parent / ownership | Syfe (Svava Pte Ltd, Singapore) | IG Group Holdings plc (LSE: IGG) |
| Country of incorporation | AU | US |
| Public company status | private | public |
| money movement | ||
| Minimum initial deposit | $500 | $0 |
| Minimum subsequent purchase | $0 | $0 |
| Deposit methods | OSKO, BPAY, EFT/bank transfer | international wire (USD), ACH (US only), check (US only) |
| Settlement period | T+2 | T+1 (US equities/ETFs, from May 2024) |
| Withdrawal time | 1-2 business days | International wire withdrawals to AU typically 3-5 business days |
| platform ux | ||
| iOS app | Yes | Yes |
| Android app | Yes | Yes |
| Desktop platform | No | Yes |
| Demo account | No | Yes |
| Free real-time market data | No | Yes |
| Free research reports | No | No |
| 2FA support | authenticator app | authenticator app |
| Customer support channels | live chat, email, phone | phone, email, live chat |
| Support hours (AU time) | 10am-4pm AET, Monday-Friday (closed public holidays) | Monday-Friday, approx. 7am-5pm US Central Time = approx. 10pm-8am AET (next day). Weekend support limited. No AU business-hours coverage. |
| Education content | basic articles | video + courses |
| tax and reporting | ||
| Australian tax statement | Yes | No |
| Distribution component breakdown | — | No |
| CGT calculator / report | No | 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 | No |
| Auto-invest sophistication | multiple | none |
| DRP (dividend reinvestment) | Yes | No |
| After-hours / overnight trading | Yes | Yes |