Superhero vs Tiger Brokers
The biggest practical difference between Superhero and Tiger Brokers comes down to ownership structure. Superhero is a custodian model — you don't get a HIN and your shares are held in the platform's name. Tiger Brokers is CHESS-sponsored, meaning you get your own HIN and shares are registered directly on the ASX. That single difference ripples through everything else.
- ›You want the lowest possible ASX brokerage — Superhero charges a flat $2 on trades up to $20,000, versus Tiger's $3 minimum and higher percentage above $10,000.
- ›You're happy with a minimum initial deposit of just $100 and want to start small.
- ›You need a kids / minor account — Superhero offers one; Tiger Brokers does not.
- ›You want to set up auto-invest across multiple assets, not just a single ETF or stock.
- ›You want CHESS sponsorship and your own HIN so your ASX holdings are registered directly in your name.
- ›You trade US options or want access to Hong Kong and China A-share markets.
- ›You want a demo account to practice before committing real money, or a full desktop trading platform.
- ›You value dividend reinvestment (DRP) — Tiger supports it, Superhero doesn't.
Where they differ
| Fact | Superhero | Tiger Brokers |
|---|---|---|
| CHESS sponsorship model | Custodian (no individual HIN) | CHESS-sponsored (individual HIN available) |
| ASX brokerage (minimum / threshold) | $2 min, 0.01% above $20,000 | $3 min, 0.03% above $10,000 |
| Markets available | ASX and US only | ASX, US, Hong Kong and China A-shares |
| Options trading | Not supported | Supported |
| Minimum initial deposit | $100 | $500 |
Pick Superhero for low-cost, simple ASX/US investing; pick Tiger Brokers if you want CHESS sponsorship, options, or Asian markets.
Common questions
How do Superhero and Tiger Brokers compare on chess sponsorship model?
Superhero: Custodian (no individual HIN). Tiger Brokers: CHESS-sponsored (individual HIN available). This is the single biggest structural difference between the two platforms.
How do Superhero and Tiger Brokers compare on asx brokerage (minimum / threshold)?
Superhero: $2 min, 0.01% above $20,000. Tiger Brokers: $3 min, 0.03% above $10,000. Superhero is cheaper for most ASX trades, especially larger ones.
How do Superhero and Tiger Brokers compare on markets available?
Superhero: ASX and US only. Tiger Brokers: ASX, US, Hong Kong and China A-shares. Tiger opens up Asian markets that Superhero doesn't touch.
When is Superhero the better choice over Tiger Brokers?
Pick Superhero if you want the lowest possible ASX brokerage — Superhero charges a flat $2 on trades up to $20,000, versus Tiger's $3 minimum and higher percentage above $10,000; you're happy with a minimum initial deposit of just $100 and want to start small; you need a kids / minor account — Superhero offers one; Tiger Brokers does not; or you want to set up auto-invest across multiple assets, not just a single ETF or stock.
When is Tiger Brokers the better choice over Superhero?
Pick Tiger Brokers if you want CHESS sponsorship and your own HIN so your ASX holdings are registered directly in your name; you trade US options or want access to Hong Kong and China A-share markets; you want a demo account to practice before committing real money, or a full desktop trading platform; or you value dividend reinvestment (DRP) — Tiger supports it, Superhero doesn't.
Superhero or Tiger Brokers — what's the verdict?
Pick Superhero for low-cost, simple ASX/US investing; pick Tiger Brokers if you want CHESS sponsorship, options, or Asian markets.
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 | Superhero | Tiger Brokers |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | custodian | chess |
| Individual HIN | No | Yes |
| Individual account | Yes | Yes |
| Joint account | No | 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 | Hong Kong, China A-shares | |
| Fractional shares (ASX) | No | No |
| Fractional shares (US) | Yes | Yes |
| Options trading | No | Yes |
| CFDs supported | No | No |
| Managed funds | No | No |
| Bonds supported | No | No |
| IPO access | — | Yes |
| costs hidden | ||
| FX spread (AUD/USD) | 0.5% | 0.55% |
| Holds USD account | No | Yes |
| FX currency switch trick | — | No |
| Market data fees | $0/month | $0/month |
| Conditional order fees | $0 | $0 |
| costs visible | ||
| ASX brokerage minimum | $2 | $3 |
| ASX brokerage percentage | 0.01% | 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$2 | US$2 |
| US brokerage percentage | 0.01% | 0.01% |
| Monthly platform fee | $0/month | $0/month |
| Annual platform fee | $0/year | $0/year |
| Inactivity fee | $0 | $0 |
| Withdrawal fee (AUD) | $0 | $0 |
| Off-market transfer fee | — | $50 |
| identity and trust | ||
| Legal entity name | Superhero Securities Limited | Tiger Brokers (AU) Pty Limited |
| AFSL number | 430,150 | 300,767 |
| Year founded | 2,020 | 2,020 |
| Parent / ownership | Independent (founder-controlled). Previously merged into Swyftx in 2022; demerger completed December 2022 returning ownership to co-founders John Winters and Wayne Baskin. | UP Fintech Holding Limited (NASDAQ: TIGR) |
| Country of incorporation | AU | AU |
| Public company status | private | public |
| money movement | ||
| Minimum initial deposit | $100 | $500 |
| Minimum subsequent purchase | $100 | $0 |
| Deposit methods | PayID, BPAY, bank transfer | PayID, PayTo, Bank transfer (direct credit) |
| Settlement period | T+2 for ASX, T+1 for US | T+2 (ASX), T+1 (US) |
| Withdrawal time | 1-3 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 | No | Yes |
| Demo account | No | Yes |
| Free real-time market data | Yes | Yes |
| Free research reports | No | — |
| 2FA support | SMS | authenticator app |
| Customer support channels | email, in-app chat | phone, email, live chat, in-app |
| Support hours (AU time) | Monday-Friday 9:00am-5:00pm AEST | Phone: 9am-5pm weekdays (AET). Live chat: 9am-8:30pm weekdays. Email: ongoing. |
| Education content | basic | 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 |
| Auto-invest / DCA | Yes | Yes |
| Auto-invest sophistication | multiple | single asset |
| DRP (dividend reinvestment) | No | Yes |
| After-hours / overnight trading | No | Yes |