For investors interested in trading on the Australian Securities Exchange (ASX), understanding brokerage fees is crucial to managing investment costs effectively. Tiger Brokers offers a competitive fee structure for trading ASX stocks and ETFs, which is worth considering for those looking to engage with this market. Here, we will detail Tiger Brokers’ fee schedule for ASX transactions and discuss the benefits associated with their brokerage services.
Tiger Brokers Fee Structure for ASX Stocks & ETFs
Tiger Brokers provides a straightforward and cost-effective fee structure for trading ASX-listed stocks and ETFs. The details of the fees are as follows:
– Flat Brokerage Fee: Tiger Brokers charges a flat fee of AUD 3 for buy or sell orders up to AUD 10,000 per order. This flat fee makes it easy for investors to calculate their costs on smaller trades, providing clarity and predictability in trading expenses.
– Percentage-Based Fee: For orders exceeding AUD 10,000, the brokerage fee transitions to 0.03% of the trade value. This fee structure is designed to remain cost-effective for larger trades, ensuring that fees do not disproportionately impact the total investment.
Benefits of Trading ASX Stocks & ETFs with Tiger Brokers
Tiger Brokers offers several advantages for its clients trading ASX stocks and ETFs:
Access to Over 4,600 ASX Stocks & ETFs
Investors can choose from a wide range of investment options available on the ASX, including stocks and ETFs covering various sectors and industries. This extensive selection allows investors to diversify their portfolios and explore different investment opportunities.
$3 CHESS-Sponsored Brokerage
Tiger Brokers provides CHESS-sponsored brokerage services for a flat rate of $3. CHESS sponsorship is crucial as it registers shares in the investor’s name, providing a higher level of security and peace of mind. This system also facilitates the efficient handling of dividends and corporate actions directly through the platform.
Invest in ASX Shares on Your Own HIN
Investors using Tiger Brokers can trade ASX shares on their own Holder Identification Number (HIN). Trading on your own HIN means that you have direct ownership of your securities, which enhances security and provides a clear record of your investments directly tied to your identity.
Conclusion
Tiger Brokers offers a transparent and competitive fee structure for trading ASX stocks and ETFs, complemented by the benefits of CHESS sponsorship and the ability to trade on your own HIN. These features make it a noteworthy option for those interested in the Australian market.
