The Business Times said that Tiger Brokers was “generating buzz” because it was “different from other trading platforms,” and, judging from the firm’s features, that description seems spot-on. Tiger Brokers was founded in 2014, and it has quickly made a name for itself. It’s even listed on NASDAQ as TIGR. This broker has more than a million users worldwide among its entities, all of whom take advantage of the cutting-edge technology offered.
Tiger Brokers has one integrated account, which is far different from other brokers, who often offer a myriad of options that can, admittedly, get a little confusing. Tiger’s single “Prime” account lets investors access assets like securities, ETFs, futures, options, funds, and more, all on global markets like the Hong Kong Stock Exchange, New York Stock Exchange, and, of course, NASDAQ. You can also trade shares listed on the Singapore Exchange, Australian Stock Exchange, and A-shares, thanks to the Shanghai Hong-Kong and Shenzhen-Hong Kong Stock Connect trade programs.
Tiger Brokers also has its own proprietary platform called Tiger Trade. Tiger Trade’s desktop platform is an intuitive interface, with many features that allow you to analyze and trade in the market. Tiger Trade is also a cutting-edge Tiger Trade mobile app, compatible with Android and iOS. All in all, the main thing you need to know about Tiger Brokers is that this unique broker might be new, but it is taking the trade world by storm.
Pros and Cons
Pros
- Proprietary software is excellent
- Transparent about fees and pricing
- Quick and easy account setup
- Dashboard is customizable
- Risk-and-reward functions help manage losses
Cons
- Education resources are sparse
- People looking for MetaTrader will have to go elsewhere
- Fewer payment methods accepted than other brokers
Recommended For
Newer traders might find that Tiger Brokers is a little advanced for them, especially if they are novices who need an education in the market. Though Tiger does provide access to the “Stock College” and certain community platforms, the educational tools aren’t wide-ranging. This means that if you’re looking for a platform to guide you through the very first steps of trading, this broker might not be for you.
However, you don’t have to be an old pro to take advantage of what Tiger has to offer. The broker uses KYC (Know-Your-Client) processes, which combine AI and big data to make account approval quick. Tiger Brokers is linked with the MyInfo portal, so users can fill out forms faster. If you want to get started trading quickly, Tiger is the broker for you.
Expert-level traders will appreciate the real-time market data and constant updates. Because of the volatility of the market, it’s important to keep updated on the latest changes so that you don’t fall behind. Expert traders who are partial to proprietary software will also be pleased with Tiger Trade. In summation, slightly to extremely experienced traders, especially those looking for a change from the usual MT4/MT5 software, will appreciate this broker.
Top Features
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Fast and Seamless Online Account Opening. As mentioned, Tiger prioritizes fast trading and fast account opening. The Know-Your-Client technology, which uses AI, links with its country’s government’s MyInfo feature. Users fill out forms quickly, and Tiger uses AI to verify identifies, documents, and handwritten signatures. The broker even uses face recognition technology. Not only is this a fast process, the thoroughness cuts down on possible fraud. You can even complete this account-opening process via mobile. Just scan applicable QR codes, uploading documents right from your phone.
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Competitive Low Brokerage Charges. Comparatively, Tiger Brokers has some of the most competitive fees in the game. There is a price war going on among brokers, and customers are the ones who benefit from this race to the bottom. Tiger Brokers’ commission fees are some of the lowest in the global markets. For example, Tiger is also transparent when it comes to its fees, offering complete breakdowns on its website, which allow you to avoid any hidden charges.
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Fantastic Mobile Trading App. Everyone is on the go these days, and people appreciate being able to use their phone to conduct business. The Tiger Trade mobile app is a way to do just that. The mobile app is compatible with Android and iOS. In addition to allowing for fast account opening, you can also use advanced charting tools to stay updated on the market. The platform offers one-click IPO services to American/Hong Kong stock IPOs. There is also an interactive investment community that users can take advantage of to hone their trade skills.
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Superior Charting Software. The Tiger Trade charting software via its mobile app is where this feature really shines. The intuitive interface lets you monitor the markets with just a few clicks, and you can use the graphics and indicators to analyze the market. The charting software lets you access relevant data in real time, and your dashboard (discussed a few sections below) is customizable. You are also able to compare 2 counters within the same chart all via your mobile app.
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Multiple Various Features to Aid Clients in Investment. Free tools are the name of the game when it comes to this broker. Technical analysis indicators, customizable watchlists, financial data calendars, price-line chart comparisons, top advancers and decliners lists, and a Tiger Chaos Timing Index are just some of the features that help clients with their investment. Best of all, these tools are complementary—no extra charge.
Overview
- Type of Broker Non-Advisory/Executionary Broker, Online Broker
- Regulation & Licensing Monetary Authority of Singapore (Singapore)
- Clients Accepted from Asia
- Assets Offered Commodities, Shares/Stocks, Futures/Forwards, Funds, Options
- Platforms Available Desktop & Mobile (Tiger Trade)
- Mobile Compatibility Android, iOS
- Payment Types Accepted Bank Wire Transfer, FAST, DDA, PayNow
Account Types
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Features |
Prime |
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Account Currencies |
USD, HKD, SGD, AUD, CNH |
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Available Leverage |
Up to 4x (day trade), Up to 2x (next day) |
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Minimum Deposit |
$0 |
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Starting Spreads |
0.03-0.5% |
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Commission Per Trade |
Varies Based on Asset |
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Decimal Pricing |
Up to 3-5 |
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Trading Instruments |
Equities, Options, Futures, Funds |
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Min. Lot Size Per Trade |
1 lot |
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Max Lot Size Per Trade |
Depends on Contract |
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Demo Account |
Yes |
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Swap/Rollover Free |
No |
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Copy Trading Support |
No |
Compliance & Regulation
Tiger Brokers Singapore has a Capital Markets Service License, granted by the Monetary Authority of Singapore. Tiger Brokers Australia also has an AFS (Australian Financial Services) License, which was granted to it by the ASIC. The license number from the AFS is 505213.
New Zealand has registered this broker on its Financial Service Providers Register (No. FSP473106). Tiger Brokers (US) is a member of FINRA/SIPC and the SEC (CRD: 120583; SEC: 8-65324). The NFA regulates Tiger Brokers (US) as well (No. 0328552).
Pricing
Fees vary based on the product you are trading, but this section will contain a brief overview. If you’re trading US stocks/ETFs, you’ll pay a fee of $0.01 per share, while Hong Kong stock traders will incur a fee of 0.06% of the trade value. Singapore trades will incur a fee of 0.08% of the trade value, China A-shares 0.06% of the trade value, and Australian stocks 0.10% of the trade value. On Tiger Brokers’ website, you can see how these fees are broken down and calculated.
Next are options, warrants, and CBBCs. US options traders will incur a fee of $0.95 per contract. Commissions for HK warrants and CBBCs are 0.06% of the trade value. The commissions range is typically from USD 0.99 to USD 19.99 for CME Bitcoin Futures. The futures you trade will determine the fee you pay.
Treasury, metal, energy, Forex, agricultural, equity, and Bitcoin futures all vary. Helpfully, Tiger Brokers has included a fee schedule on its website that will let you know exactly how much you will pay for each subcategory of those assets. Lastly, there is 0% commission on sales charges (buy, sell, or switch) for Funds, and there is no platform fee.
Reliability & Security
When it comes to trade reliability, the platform used is usually a pretty good indicator, as are risk management tools offered. Tiger Brokers’ interface uses a single account, and the trading functions included things like risk-and-reward analysis. There is always going to be a level of risk when it comes to investing—in that sense, it can be quite unreliable—but Tiger Brokers seeks to help customers manage that volatility.
The risk-management and diversification tools offered allow investors to at least prepare for possible losses. The platform’s trading function has a feature such as one-click trading, which allows users to place orders quickly, using features like trade size, profit and loss analysis, buy or sell price, screeners, stock options trading, and more analytics to help make that decision.
User Experience
The customizability speaks to user experience with this broker. Tiger Brokers offers a customizable dashboard, allowing you to personalize your trading experience. The dashboard can be tailored and rearranged according to investors’ goals, portfolio characteristics, and more. Data and functions can be streamlined and narrowed to fit those specifications.
Account data is kept at the forefront, so users don’t have to click through tons of apps and pages to find information about their own account. The dashboard is also integrated with news updates and real-time data about the markets. The accessibility of market information leads to a more informative user experience.
Final Thoughts
All in all, Tiger Brokers is a broker with a lot of strengths. Its proprietary software is feature-heavy, containing risk-and-reward analysis, a customizable dashboard, and an intuitive interface that traders will appreciate. This broker is also refreshingly transparent about its pricing and fees, both of which are quite competitive.
Contact Info
ADDRESS: 50 RAFFLES PLACE #29-04 SINGAPORE LAND TOWER 048623
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