Alternatives to Tiger Brokers
Tiger Brokers is known for low-cost CHESS-sponsored ASX trading from $3 and US trades from $2, plus fractional US shares, options, and auto-invest features. It's a solid choice for active traders who want both ASX and US markets in one place. But you might want an alternative if you prefer CHESS sponsorship on US holdings, need kids' accounts, want a community-focused platform, or find Tiger's interface less suited to long-term investing. We've listed 7 alternatives worth comparing.
Offers kids accounts and a community-focused approach with auto-invest, though ASX trades cost $6.50.
- ASX brokerage minimum
- $6.5(Tiger Brokers: $3)
- ASX ETFs supported
- Yes
- CHESS sponsorship model
- mixed(Tiger Brokers: chess)
ASX trades from just $1 and zero-commission US shares make it cheaper for frequent traders.
- ASX brokerage minimum
- $1(Tiger Brokers: $3)
- ASX ETFs supported
- Yes
- CHESS sponsorship model
- chess
Flat $2 brokerage on ASX and US trades, but uses custodian model rather than CHESS sponsorship.
- ASX brokerage minimum
- $2(Tiger Brokers: $3)
- ASX ETFs supported
- Yes
- CHESS sponsorship model
- custodian(Tiger Brokers: chess)
Big-bank backing with CHESS sponsorship, kids accounts, and a wider range of research tools.
- ASX brokerage minimum
- $5(Tiger Brokers: $3)
- ASX ETFs supported
- Yes
- CHESS sponsorship model
- chess
US trades from $0.99 and similar features to Tiger, including options and auto-invest.
- ASX brokerage minimum
- $3
- ASX ETFs supported
- Yes
- CHESS sponsorship model
- chess
ASX trades from $3 with a simpler offering, but lacks auto-invest and DRP features.
- ASX brokerage minimum
- $3
- ASX ETFs supported
- Yes
- CHESS sponsorship model
- mixed(Tiger Brokers: chess)
Commission-free US shares plus CHESS-sponsored ASX trading, with kids accounts and 14 global markets.
- ASX brokerage minimum
- $11(Tiger Brokers: $3)
- ASX ETFs supported
- Yes
- CHESS sponsorship model
- chess
Common questions
Is Tiger Brokers CHESS-sponsored?
Yes, Tiger Brokers is CHESS-sponsored for ASX trades. This means your Australian shares are held in your own name on the ASX settlement system, giving you direct ownership. US shares are held under a custodian arrangement, which is standard for international brokers.
Can I transfer my portfolio from Tiger Brokers to another broker?
Yes, you can transfer your ASX holdings to another CHESS-sponsored broker using a standard transfer request. Your holdings are registered under your HIN, so the process is straightforward. US shares held under custodian may need to be sold and repurchased, depending on the receiving broker.
Does Tiger Brokers offer kids or minor accounts?
No, Tiger Brokers does not currently offer minor or kids accounts. If you want to invest on behalf of a child, you would need to look at a broker that supports minor trust accounts or formal minor account structures.
What are the fees for US trading on Tiger Brokers?
Tiger Brokers charges a minimum of $2 USD per US trade with a 0.01% commission rate. There is no monthly platform fee. This is competitive for US trading, though some alternatives offer zero-commission US trades or lower minimums.