Share Trading comparison
tastytrade vs Totality Wealth
The biggest practical difference is that tastytrade is a US-only options and equities broker built for active traders, while Totality Wealth is an Australian-licensed platform that gives you access to ASX shares under your own HIN plus 17 global markets. If you trade ASX stocks or want CHESS sponsorship, tastytrade simply can't do it — Totality is the only option here. But if you live and breathe US options strategies, tastytrade's zero-commission model and professional-grade tools are hard to beat.
Choose
tastytrade
if…
- ›You trade US options actively — tastytrade is built around options with zero commissions and conditional order fees
- ›You want zero brokerage on US stocks and ETFs, with no monthly or inactivity fees
- ›You need after-hours trading access in US markets
- ›You want a demo account and free real-time US market data without paying extra
- ›You prefer a desktop platform designed for serious multi-leg option strategies
Choose
Totality Wealth
if…
- ›You want to buy ASX shares or ETFs under your own HIN with CHESS sponsorship
- ›You need access to global markets beyond the US — Totality covers 18 countries including the UK, Hong Kong, Japan and Europe
- ›You want to deposit in AUD via BPAY, bank transfer, PayPal or card — no international wire hassle
- ›You need Australian business-hours support (Mon-Fri 8:30am-5:30pm Sydney time)
- ›You want dividend reinvestment plans (DRP) and SMSF account capability
Where they differ
| Fact | tastytrade | Totality Wealth |
|---|---|---|
| ASX trading | Not supported | Supported — ASX shares & ETFs under your own HIN |
| CHESS sponsorship | Custodian model (no individual HIN) | Mixed model — individual HIN available for ASX holdings |
| US brokerage fee | $0 per trade | 0.08% ($1 minimum) per trade |
| Deposit methods | International wire (USD), ACH, cheque | Bank transfer, BPAY, credit/debit card, PayPal, Wise |
| Support hours (AET) | ~10pm-8am AET weekdays (US hours) | Mon-Fri 8:30am-5:30pm Sydney time |
Verdict
Pick tastytrade for US options and zero-commission stock trading; pick Totality Wealth for ASX, global markets, and local support.
Cost calculator
What would tastytrade vs Totality Wealth actually cost you?
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All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | tastytrade | Totality Wealth |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | custodian | mixed |
| 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 | US, GB, HK, JP, DE, FR, CA, SG, CH, NL, IT, ES, BE, AT, DK, SE, NO, FI | |
| Fractional shares (ASX) | No | No |
| Fractional shares (US) | No | No |
| Options trading | Yes | Yes |
| CFDs supported | No | Yes |
| Managed funds | No | No |
| Bonds supported | Yes | Yes |
| IPO access | No | No |
| costs hidden | ||
| FX spread (AUD/USD) | — | 0.45% |
| FX spread (other currencies) | — | 0.45% |
| 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. | Custodian processes corporate actions; proxy voting subscription EUR 30/year + EUR 5 per vote; new instrument requests USD 200 for Platinum / free for VIP legacy tiers; reporting fee USD 50 for Classic email reports. |
| costs visible | ||
| ASX brokerage minimum | — | $3 |
| ASX brokerage percentage | — | 0.08% |
| ASX brokerage threshold | — | $3,750 |
| ASX free trade conditions | Not applicable — tastytrade does not offer ASX trading. | — |
| US brokerage minimum | US$0 | US$1 |
| US brokerage percentage | 0% | 0.08% |
| 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. | Totality Wealth Limited (formerly Saxo Capital Markets (Australia) Pty Ltd) |
| AFSL number | — | 280,372 |
| Year founded | 2,017 | 2,012 |
| Parent / ownership | IG Group Holdings plc (LSE: IGG) | DMA (Johannesburg, South Africa) 80.1% / Saxo Bank A/S (Denmark) 19.9% |
| Country of incorporation | US | AU |
| Public company status | public | private |
| money movement | ||
| Minimum initial deposit | $0 | $0 |
| Minimum subsequent purchase | $0 | $0 |
| Deposit methods | international wire (USD), ACH (US only), check (US only) | bank_transfer, BPAY, credit_card, debit_card, PayPal, Wise |
| 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 | 1-3 business days |
| platform ux | ||
| iOS app | Yes | Yes |
| Android app | Yes | Yes |
| Desktop platform | Yes | Yes |
| Demo account | Yes | Yes |
| Free real-time market data | Yes | No |
| Free research reports | No | Yes |
| 2FA support | authenticator app | app |
| Customer support channels | phone, email, live chat | phone, email, live_chat |
| 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. | Mon-Fri 08:30-17:30 Sydney time |
| Education content | video + courses | extensive |
| tax and reporting | ||
| Australian tax statement | No | No |
| Distribution component breakdown | No | No |
| CGT calculator / report | Yes | No |
| 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 | No |
| Auto-invest sophistication | none | none |
| DRP (dividend reinvestment) | No | Yes |
| After-hours / overnight trading | Yes | No |