Share Trading comparison
Tiger Brokers vs Webull
Both Tiger Brokers and Webull are CHESS-sponsored, low-cost brokers with US and Hong Kong market access, but the biggest practical difference is US trading costs. Webull charges zero commission and zero minimum on US stocks, while Tiger charges a $2 USD minimum. On ASX ETFs, Webull is completely free, whereas Tiger charges its standard brokerage.
Choose
Tiger Brokers
if…
- ›You want CHESS sponsorship with individual HINs and don't mind paying a small ASX brokerage fee
- ›You trade options or want IPO access — Tiger offers both, Webull doesn't offer IPOs
- ›You want free real-time market data included, not a $50/month add-on
- ›You want dividend reinvestment (DRP) — Webull doesn't offer it
- ›You prefer a structured education course library built into the platform
Choose
Webull
if…
- ›You trade US stocks frequently and want zero commission with no minimum
- ›You invest mainly in ASX ETFs — Webull charges $0 brokerage on all ETF trades
- ›You want crypto trading alongside your equities in one app
- ›You want a slightly tighter FX spread (0.005% vs 0.0055%) when converting AUD to USD
- ›You value 24-hour in-app chat support
Where they differ
| Fact | Tiger Brokers | Webull |
|---|---|---|
| ASX ETF brokerage | Standard brokerage (min $3 or 0.03%) | $0 on all ASX ETFs, no conditions |
| US stock brokerage | $2 USD minimum or 0.01% | $0 USD, zero commission |
| Real-time market data | Free | $49.99 AUD/month |
| Dividend reinvestment (DRP) | Supported | Not supported |
| IPO access | Available | Not available |
Verdict
Pick Tiger Brokers for its free data, DRP, and IPO access; pick Webull if you want zero-fee US and ASX ETF trading.
Cost calculator
What would Tiger Brokers vs Webull 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 | Tiger Brokers | Webull |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | chess | chess |
| Individual HIN | Yes | Yes |
| Individual account | Yes | Yes |
| Joint account | Yes | Yes |
| Company account | Yes | Yes |
| Trust account | Yes | Yes |
| SMSF account | Yes | Yes |
| Kids / minor account | No | 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 | Hong Kong, China (A-shares) |
| Fractional shares (ASX) | No | No |
| Fractional shares (US) | Yes | Yes |
| Options trading | Yes | Yes |
| CFDs supported | No | No |
| Crypto trading | — | Yes |
| Managed funds | No | No |
| Bonds supported | No | No |
| IPO access | Yes | No |
| costs hidden | ||
| FX spread (AUD/USD) | 0.55% | 0.5% |
| FX spread (other currencies) | — | 0.5% |
| Holds USD account | Yes | Yes |
| FX currency switch trick | No | — |
| Market data fees | $0/month | $49.99/month |
| Conditional order fees | $0 | $0 |
| costs visible | ||
| ASX brokerage minimum | $3 | $1 |
| ASX brokerage percentage | 0.03% | 0.03% |
| ASX brokerage threshold | $10,000 | $3,333 |
| 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). | ASX ETFs: $0 brokerage on all trades, no conditions. ASX shares: not free — $1 minimum or 0.03% (whichever greater). |
| US brokerage minimum | US$2 | US$0 |
| US brokerage percentage | 0.01% | 0% |
| 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 | Tiger Brokers (AU) Pty Limited | Webull Securities (Australia) Pty Ltd |
| AFSL number | 300,767 | 536,980 |
| AUSTRAC registration | — | Yes |
| Year founded | 2,020 | 2,022 |
| Parent / ownership | UP Fintech Holding Limited (NASDAQ: TIGR) | Webull Corporation (NASDAQ: BULL), Cayman Islands holding company; originally backed by Hunan Fumi Information Technology (China) with investors including Xiaomi, General Atlantic, Coatue, Lightspeed |
| Country of incorporation | AU | Australia |
| Public company status | public | public |
| money movement | ||
| Minimum initial deposit | $500 | $500 |
| Minimum subsequent purchase | $0 | $0 |
| Deposit methods | PayID, PayTo, Bank transfer (direct credit) | PayTo, Bank transfer (EFT), International wire |
| Settlement period | T+2 (ASX), T+1 (US) | T+2 for ASX; T+1 for US |
| Withdrawal time | 1-2 business days (Tiger review) plus bank processing; can arrive same day | 1-2 business days for AUD bank transfer; 1-5 business days for international wire |
| 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 |
| 2FA support | authenticator app | authenticator |
| Customer support channels | phone, email, live chat, in-app | Phone, Email, In-app chat |
| Support hours (AU time) | Phone: 9am-5pm weekdays (AET). Live chat: 9am-8:30pm weekdays. Email: ongoing. | Phone: Mon-Fri 08:30-18:00 AEST/AEDT. In-app chat: advertised 24-hour. |
| Education content | structured courses | structured |
| 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 | Yes |
| Auto-invest / DCA | Yes | Yes |
| Auto-invest sophistication | single asset | weighted |
| DRP (dividend reinvestment) | Yes | No |
| After-hours / overnight trading | Yes | Yes |