Tiger Brokers

Tiger Brokers allows traders to invest in derivatives, securities, ETFs, funds, and much more. Read on to know more about tiger brokers!

Tiger Brokers Overview

Tiger Brokers was founded in 2014. It conducts regulated activities in Securities, Collective Investment Schemes, and Exchange-traded Derivatives Contracts. It holds a Capital Markets Services Licence under the Securities and Futures Act (Cap.289) by the Monetary Authority of Singapore (MAS). Tiger Brokers is backed by tech giant Xiaomi, IKBR, and Wall Street guru Jim Rogers. It boasts of 1.4 million worldwide account holders who have benefitted from its brokerage platform as of 2021. It also provides access to six exchanges, including New York Stock Exchange (NYSE), NASDAQ, Shanghai/Shenzhen-Hong Kong Stock Connect, the Hong Kong Stock Exchange (HKEX), the Singapore Exchange (SGX), and the Australian Securities Exchange (ASX).

How does Tiger Brokers work? Or What services does Tiger Brokers offer?

Tiger Brokers is an online brokerage platform that offers financial services and provides access to foreign markets. Tiger Brokers offers advanced financial instruments such as stocks, ETFs, options, futures, OTCs, DLCs, warrants, REITs, and CBBCs across six exchanges such as NYSE, NASDAQ, Shanghai/Shenzhen-Hong Kong Stock Connect, HKEX, SGX, and ASX.

Reasons to choose Tiger Brokers:

Here are some reasons why Tiger Brokers is a preferred choice of many: 

  • Quick account setup: Tiger Brokers’ Tiger Trade mobile app has an AI-backed KYC process integrated with the Singapore government’s MyInfo service. Artificial intelligence allows quick form fill up, approval, and verification of IDs, signatures, and documents. 
  • 24/7 Real-time Market Updates: As financial markets tend to be volatile, traders need to be updated regularly. Tiger Brokers’ trading platform offers real-time market data along with round-the-clock updates from the financial and corporate world. 
  • Free Analysis Tools: Traders can leverage Tiger Brokers’ investment analysis tools for successful trades. Tiger Brokers provides advanced charts, ranges, hot collection stocks, business strategies, and a list of significant events.
  • Multiple Markets: Tiger Brokers offers access to six exchanges on a single account, including New York Stock Exchange, NASDAQ, Shanghai/Shenzhen-Hong Kong Stock Connect, the Hong Kong Stock Exchange, the Singapore Exchange, and the Australian Securities Exchange. 
  • Low Commissions: Tiger Brokers offer minimal rates per trade across all supported markets. They maintain a transparent and straightforward fee structure with no hidden costs. 

Types of Portfolios and Order Types offered by Tiger Brokers 

Markets 

Tiger Brokers offers the following financial products across various markets:

  1. US Markets: Tiger Brokers offers stocks, stock options, futures, ETFs (exchange-traded fund), and OTC (over-the-counter) in US markets. 
  2. Hong Kong Markets: Tiger Brokers offers stocks, warrants, options, CBBC’s (callable bull/bear contract), and futures in Hong Kong markets.
  3. Singapore Markets: Tiger Brokers offers stocks, ETFs, futures, REITs (real estate investment trust), and DLCs (daily leverage certificate) in Singapore markets.
  4. Australian Markets: Tiger Brokers offers stocks in Australian markets.
  5. China Markets: Tiger Brokers offers A-shares (in HKEX Northbound Trading) in Chinese markets. 

Order Types

Tiger Brokers offers a wide range of order types.

  1. Market Order: An order placed to buy/sell at the current market price with no price-setting to place a quick trade.
  2. Limit Order: An order to buy/sell at a specific price level or a better price.
  3. Stop Loss Order: An order that requires setting a price for shares to be sold and is executed as a market order once the stock price reaches the set stop price.
  4. Stop Limit Order: An order that requires entering a stop price limit price and is placed once the stock price reaches the set stop price.
  5. Conditional Order: An order that is filed automatically once the trigger condition is fulfilled. 
  6. Additional Order: An order to assist through stop loss or take profit for a master order.

Tiger Brokers Fees

Tiger Brokers follows a simple fee structure that varies according to the product and the market. Below is a brief explanation of the fees across markets:

  1. US Stocks & ETFs: The fees charged for US Stocks and ETFs start from USD 0.005 / Share.
  2. Hong Kong Stocks: The fees charged for Hong Kong Stocks is from 0.03% x Trade Value.
  3. Singapore Stocks, ETFs, REITs & DLCs: The fee charged for Singapore Stocks, ETFs, REITs & DLCs starts from 0.04% x Trade Value.
  4. China A-shares: The fees charged for China A-shares is from 0.03% x Trade Value.
  5. Australian Stocks: The fees charged for Australian Stocks start from 0.03% x Trade Value. A detailed breakdown of all fees is listed here.

Tiger Brokers Pros and Cons

Following is a list of pros and cons of investing with Tiger Brokers:

Pros

  • Competitive fees
  • Easy-to-use interface
  • Simple registration process

Cons

  • Limited markets
  • Visual bugs
  • Not reputable

Is Tiger Brokers safe to invest in for beginners?

Even though Tiger Brokers is relatively new in Singapore, it is backed by Xiaomi and Interactive Brokers, USA. Tiger Brokers complies with the regulatory compliances of the Monetary Authority of Singapore and has a Capital Markets Services License. Tiger Brokers engages different banks and prime brokers as custodians for various markets. The “Tiger Token” feature generates an OTP as part of 2-factor authentication to secure traders’ accounts. Furthermore, email notifications are sent for every transfer and withdrawal. Such robust security features make it safe for beginners to invest in Tiger Brokers. 

Final Words

Traders have welcomed Tiger Brokers to Singapore’s brokerage scene. As fees have been a persisting issue for traders, Tiger Brokers has promised to shake things up through its transparent and straightforward fee structure. As Tiger Brokers is relatively new, it will establish its reputation and trustworthiness over time. Its software has many features, including a suite of analysis tools, an impressive dashboard, and an advanced interface. Tiger Brokers is a very compelling option for beginners and professionals to try their hands at.

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