Share Trading comparison
tastytrade vs Tiger Brokers
The biggest practical difference is that tastytrade is a US-only broker with no ASX access, while Tiger Brokers is an ASIC-regulated broker that lets you trade ASX, US, Hong Kong and China A-shares from one account. If you want to buy BHP or VAS, tastytrade simply can't do it. Tiger Brokers also offers CHESS sponsorship and an individual HIN, whereas tastytrade holds your US assets under a custodian model.
Choose
tastytrade
if…
- ›You are a dedicated US options trader who wants zero-commission US stock and options trades with no monthly platform fee
- ›You want a pure US-focused platform backed by IG Group, with no distractions from ASX or other markets
- ›You prefer a demo account and extensive video/course education to learn options strategies before trading live
- ›You don't mind funding via international wire (no PayID or direct bank transfer) and can work around US Central Time support hours
Choose
Tiger Brokers
if…
- ›You want to trade ASX shares and ETFs under CHESS sponsorship with your own HIN
- ›You need access to multiple markets — ASX, US, Hong Kong and China A-shares — in one brokerage account
- ›You want fractional US shares, dividend reinvestment (DRP) and auto-invest/DCA for dollar-cost averaging
- ›You prefer fast local deposits via PayID or bank transfer, Australian-business-hours support, and an Australian tax statement
Where they differ
| Fact | tastytrade | Tiger Brokers |
|---|---|---|
| ASX trading | Not supported | Supported (CHESS-sponsored, individual HIN) |
| US brokerage fee | $0 per trade | $2 minimum or 0.01% |
| Fractional US shares | Not offered | Supported |
| Deposit methods | International wire, ACH (US only), cheque | PayID, PayTo, bank transfer |
| Minimum initial deposit | $0 AUD | $500 AUD |
Verdict
Choose tastytrade for zero-commission US options trading; choose Tiger Brokers for ASX access, CHESS sponsorship and multi-market trading.
Cost calculator
What would tastytrade 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 | tastytrade | Tiger Brokers |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | custodian | chess |
| Individual HIN | No | Yes |
| Individual account | Yes | Yes |
| Joint account | Yes | Yes |
| Company account | Yes | Yes |
| Trust account | Yes | Yes |
| SMSF account | No | Yes |
| Kids / minor account | No | No |
| asset coverage | ||
| ASX shares supported | No | Yes |
| ASX ETFs supported | No | 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) | No | Yes |
| Options trading | Yes | Yes |
| CFDs supported | No | No |
| Managed funds | No | No |
| Bonds supported | Yes | No |
| IPO access | No | Yes |
| costs hidden | ||
| FX spread (AUD/USD) | — | 0.55% |
| Holds USD account | Yes | Yes |
| FX currency switch trick | No | 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 | — | $3 |
| ASX brokerage percentage | — | 0.03% |
| ASX brokerage threshold | — | $10,000 |
| ASX free trade conditions | Not applicable — tastytrade does not offer ASX trading. | 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 | $0 |
| Withdrawal fee (AUD) | — | $0 |
| Off-market transfer fee | — | $50 |
| identity and trust | ||
| Legal entity name | tastytrade, Inc. | Tiger Brokers (AU) Pty Limited |
| AFSL number | — | 300,767 |
| Year founded | 2,017 | 2,020 |
| Parent / ownership | IG Group Holdings plc (LSE: IGG) | UP Fintech Holding Limited (NASDAQ: TIGR) |
| Country of incorporation | US | AU |
| Public company status | public | public |
| money movement | ||
| Minimum initial deposit | $0 | $500 |
| Minimum subsequent purchase | $0 | $0 |
| Deposit methods | international wire (USD), ACH (US only), check (US only) | PayID, PayTo, Bank transfer (direct credit) |
| Settlement period | T+1 (US equities/ETFs, from May 2024) | T+2 (ASX), T+1 (US) |
| Withdrawal time | International wire withdrawals to AU typically 3-5 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 | Yes | Yes |
| Free real-time market data | Yes | Yes |
| Free research reports | No | — |
| 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, approx. 7am-5pm US Central Time = approx. 10pm-8am AET (next day). Weekend support limited. No AU business-hours coverage. | Phone: 9am-5pm weekdays (AET). Live chat: 9am-8:30pm weekdays. Email: ongoing. |
| Education content | video + courses | structured courses |
| tax and reporting | ||
| Australian tax statement | No | 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) | No | Yes |
| After-hours / overnight trading | Yes | Yes |