Tiger Brokers offers a straightforward and competitive fee structure for trading on the Australian Securities Exchange (ASX), which includes over 4,600 stocks and ETFs. For investors and traders looking for clarity on costs associated with trading ASX shares, this blog provides an in-depth look at Tiger Brokers’ fees, highlighting their commitment to transparency and affordability.
$3 CHESS-Sponsored Brokerage
One of the standout features of Tiger Brokers’ offering is their low brokerage fee of $3 for CHESS-sponsored trades. CHESS (Clearing House Electronic Subregister System) sponsorship is crucial for investors who prefer to have shares registered directly in their name, associated with their own Holder Identification Number (HIN). This direct registration enhances security and ensures that investors have complete control over their investments.
Benefits of CHESS Sponsorship
– Personal Ownership: Your ASX shares are held under your name, providing you with the security of personal ownership.
– Direct Rights and Benefits: As the shares are in your name, you directly receive dividends and have the rights to participate in shareholder meetings and other corporate actions.
– Enhanced Security: CHESS sponsorship reduces risks related to the pooling of shares, ensuring that your investments are clearly attributed to you and not commingled with assets of other investors.
Cost-Effectiveness
The $3 brokerage fee is highly competitive, particularly for CHESS-sponsored trades, making it an attractive option for both seasoned investors and those new to the stock market. This fee structure enables investors to undertake transactions on the ASX without worrying about high costs eating into their investment returns.
Access to a Wide Range of ASX Stocks and ETFs
With access to over 4,600 ASX stocks and ETFs, Tiger Brokers provides its users with a broad spectrum of investment opportunities. This extensive access combined with low brokerage fees ensures that investors can diversify their portfolios without incurring substantial transaction costs.
Transparency in Fees
Tiger Brokers is committed to maintaining transparency in its fee structure. There are no hidden costs, and all charges are clearly stated upfront, allowing investors to make informed decisions without unexpected expenses. This transparency is a core part of Tiger Brokers’ service ethos, reinforcing trust and reliability.
Conclusion
Tiger Brokers’ fee structure for ASX trading is designed to be simple, transparent, and cost-effective. The $3 CHESS-sponsored brokerage fee not only makes it financially accessible for individuals to trade on the ASX but also ensures that they can manage their investments securely under their own HIN. This approach aligns with Tiger Brokers’ commitment to providing value and excellent service to its clients.
Note: This content is for informational purposes only and is not intended as financial advice.
