Why You Should Use Tiger Brokers To Start Investing

tiger brokers

Tiger Brokers stands out as a leading online brokerage platform, offering competitive commission fees, a comprehensive trading platform, and tailored services for various trader profiles.

Over the last few years, we have seen brokerage apps take over the way we invest our money. Through these apps, making money from your phone has never been easier, but also, more risky. As long as you take on the passive approach to investing, these apps can be the best low-cost investment platform out there.

Key Takeaways

  • Tiger Brokers provides competitive commission fees and a lack of hidden charges, making trading more cost-effective for investors.
  • Access to global markets and a diverse range of investment products are available through Tiger Brokers’ comprehensive and user-friendly platform.
  • Both new and frequent traders benefit from Tiger Brokers’ tailored services, including exclusive sign-up promotions and trader rewards.
  • Robust security measures and a significant increase in investor confidence highlight Tiger Brokers’ commitment to safety and growth.
  • Getting started with Tiger Brokers is straightforward, with guidance available for account opening, funding, and navigating bonuses.

Why you should use Tiger Broker

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Why You Should Use Tiger Brokers To Start Investing 1

Compared to other brokerage firms, I generally liked Tiger Brokers’ mobile and computer user interface. They allow easy and understandable metrics to learn how to start investing. What’s more, they even have their newsletter placed on the platform to share updates and news for investors to keep in touch.

tiger broker

Looking to start investing, why not try Tiger Broker?

Tiger Brokers offers competitive commission fees for trades across different markets.

It is also practically fee-less in these aspects: no custody fees, deposit (or withdrawal) fees, currency exchange fees, inactivity fees, or account maintenance fees to contend with!

Low Commission Fees Across Markets

One of the most compelling reasons to choose Tiger Brokers is their competitive commission fees across various markets. Unlike many brokerage firms that charge a commission fee for every transaction, Tiger Brokers maintains a low fee structure, making it an attractive option for both frequent and casual traders.

For instance, Tiger Brokers charges a commission fee of just 0.03% of the trade value, with a minimum fee that is market-dependent. This is particularly beneficial for those trading in large volumes, as the costs remain minimal compared to other brokerages that may have higher percentage-based fees or minimum charges.

It’s important to remember that while some platforms advertise zero-commission trades, they might still impose other fees that can add up. Always consider the overall cost structure before making a decision.

Here’s a quick comparison of Tiger Brokers’ fees in the SG market:

Fee TypeTiger Brokers
Commission Fee0.03% of trade value (min. S$0.99 per order)
Trading Fee0.0075% trade value
Platform Fee0.03% trade value (min. S$1 per order)
Clearing Fee0.0325% trade value

This transparent and straightforward fee structure is part of what makes Tiger Brokers a top choice for investors looking to maximize their returns without being weighed down by excessive costs.

No Hidden Charges

Transparency in pricing is a cornerstone of Tiger Brokers’ commitment to its clients. No hidden fees mean you can trade with confidence, knowing exactly what costs you’re incurring. This straightforward approach is reflected in the clear listing of all applicable fees on the Tiger Brokers website.

While some brokerages may lure traders with the promise of zero-commission trades, it’s important to be aware of other potential costs. Tiger Brokers ensures that traders are not caught off guard by unexpected fees. For instance, the settlement fees for US stocks and ETFs trades have been capped, preventing any surprises on your bill.

Tiger Brokers prides itself on not charging custody fees, deposit or withdrawal fees, currency exchange fees, inactivity fees, or account maintenance fees. The focus is on keeping trading costs low and predictable.

Here’s a quick overview of the fees you can expect:

  • Commission fees for stock and ETF trades
  • A capped settlement fee for US stocks and ETFs trades
  • Competitive FX rates with no additional charges

Remember, while trading may not be free, Tiger Brokers’ transparent fee structure ensures that you’re only paying for what you need, with no unwelcome surprises.

Exclusive Sign-up Promotions and Trader Rewards

Tiger Brokers stands out with its attractive sign-up promotions that cater to both new and existing users. New clients can enjoy a variety of welcome gifts, such as commission-free trades and access to premium market data. Additionally, the platform offers unique rewards like fractional shares of popular stocks, which can be a great way to start your investment journey.

For those who already have an account, Tiger Brokers encourages the growth of your portfolio through referral programs and periodic promotions. By simply referring friends, you can earn additional rewards that enhance your trading experience.

Tiger Brokers continuously innovates its promotion strategies to provide value to its clients, ensuring a rewarding trading environment.

Here’s a quick overview of some current promotions:

  • Welcome Gifts: Receive up to $888 in fractional shares and other exclusive bonuses.
  • Referral Rewards: Use codes like SGRPTB and HEYTIGER for additional perks.
  • Promotion Periods: Take advantage of time-limited offers, such as 365 days of unlimited commission-free trading.

Remember to always check the terms and conditions associated with each promotion to fully benefit from these offers.

Comprehensive Trading Platform

Comprehensive Trading Platform

Access to Global Markets

Tiger Brokers stands out as a comprehensive trading platform offering access to global markets. Investors can easily diversify their portfolios by investing in top companies like Apple, Tesla, and Alibaba, with entry points as low as US$1. This opens up opportunities for both seasoned and new investors to participate in international trading arenas, including the US, Australia, Hong Kong, and Singapore markets.

  • Invest in a variety of global markets:
    • US
    • Australia
    • Hong Kong
    • Singapore

The platform’s reach extends to a wide range of investment products, allowing users to explore stocks, futures, options, and more. With Tiger Brokers, you can start regular investments in blue-chip Hong Kong stocks from HK$500 onwards, making it an attractive option for those looking to invest in the Asian market.

Tiger Brokers simplifies the investment process, offering a seamless experience for users seeking to tap into international markets. The platform’s user-friendly approach ensures that investors can focus on building a diversified portfolio without the hassle of complicated account setups or high commission fees.

Diverse Investment Products

Tiger Brokers stands out for its wide array of investment options, catering to the varied interests and strategies of investors. From traditional stocks to more sophisticated instruments, clients can tailor their portfolios to align with their financial goals and risk appetites.

Investment Categories:

  • Stocks & ETFs
  • Options
  • Futures
  • CFDs
  • Forex

Tiger Brokers’ platform is designed to accommodate both seasoned investors and those new to the market, offering a range of products that can be mixed and matched to diversify one’s investment strategy.

With the inclusion of RoboAdvisors, investors can also benefit from automated, algorithm-driven investment strategies that offer low fees and diversified portfolios. For those looking to invest in options, Tiger Brokers provides the tools to navigate through calls and puts, helping to predict price movements and manage risks effectively.

User-Friendly Mobile Application

In today’s fast-paced world, the ability to manage investments on the go is a game-changer for traders. Tiger Brokers’ mobile application stands out for its intuitive design and ease of use, allowing users to monitor their portfolios, execute trades, and access real-time market data with just a few taps on their screen. The app’s seamless integration with various devices ensures that you can stay connected to the markets whether you’re at home, in the office, or traveling.

The mobile application is a testament to Tiger Brokers’ commitment to providing a superior trading experience that caters to the modern investor’s lifestyle.

The app includes a range of features designed to enhance the trading process, such as customizable watchlists, detailed stock information, and timely news updates. These tools are crucial for making informed decisions and staying ahead in the market. Moreover, the app’s user-friendly interface is tailored to both seasoned traders and those new to investing, making it a versatile choice for all.

Here’s a quick overview of the app’s key features:

  • Customizable watchlists
  • Real-time stock data
  • News and market updates
  • Seamless cross-device integration

With Tiger Brokers, you’re not just using a mobile application; you’re leveraging a powerful tool that helps increase your saving rate and supports your financial goals.

Tailored for Various Trader Profiles

Tailored for Various Trader Profiles

Benefits for Frequent Traders

Frequent traders find a sweet spot with Tiger Brokers, where activity is not just encouraged but rewarded. The more you trade, the more you gain, with tiered statuses like Silver, Gold, or Ace Trader unlocking a plethora of benefits. These range from reduced commission fees to exclusive market insights.

Tiger Brokers understands the importance of keeping trading costs low for active users. While the platform’s commission fees are already competitive, frequent traders benefit from even lower rates, ensuring that high volume trading remains cost-effective.

For those who are deeply invested in the markets, Tiger Brokers offers a comprehensive suite of tools and analytics. This includes access to market data and advanced charting tools, which are essential for informed trading decisions. Here’s a quick glance at what frequent traders can expect:

  • Access to real-time market data
  • Advanced charting tools and analytics
  • Lower commission fees for high-volume trading
  • Special privileges for Silver, Gold, or Ace Trader statuses

It’s important to note that while the benefits are substantial, traders should still be aware of the minimum commission fee, which applies regardless of trade size.

Why New Traders Choose Tiger Brokers

New traders often seek a platform that combines affordability with comprehensive market access. Tiger Brokers stands out as a preferred choice for those starting their investment journey. The platform’s competitive commission fees and a wide range of available markets make it an attractive option for individuals looking to diversify their portfolios from the get-go.

  • Ease of use: Tiger Brokers’ user-friendly interface is designed with the novice investor in mind, simplifying the trading process.
  • Educational resources: A wealth of educational materials aids new traders in understanding the markets and making informed decisions.
  • Community engagement: An active community provides support and insights, which can be invaluable for those new to investing.

Tiger Brokers’ commitment to providing a seamless trading experience is evident in its growth and popularity among new investors. The platform’s features cater to the needs of those who are not only new to trading but also to those who are exploring the global market for the first time.

Comparing Tiger Brokers with Other Brokerages

When evaluating Tiger Brokers alongside its competitors, it’s essential to consider various factors that cater to different investor needs. Tiger Brokers stands out for its competitive commission fees, particularly for US equities, where it charges as low as $0.99 per trade. This is in stark contrast to some of its competitors, which may have higher minimum fees for equity trades in other markets.

  • Pros of Tiger Brokers:

    • Competitive commission fees
    • Attractive sign-up perks and rewards
    • Wide range of products available for trading
    • User-friendly dedicated app
  • Cons of Tiger Brokers:

    • High number of trade orders is required to enjoy higher-tier trader perks

Comparative reviews, such as those by HustleVentureSG, highlight the importance of in-depth analysis before choosing a brokerage. They provide insights into the nuances of brokerage apps, including Tiger Brokers, and how they stack up against others like Interactive Brokers and Saxo Markets.

Tiger Brokers has shown impressive growth and is often recognized for its user-centric platform and extensive market access. Its investor base includes notable names like Interactive Brokers and Oceanpine Capital, underscoring the confidence in its business model.

Ultimately, the choice of brokerage should align with your trading style, investment goals, and the value you place on fees, platform usability, and available investment tools. Tiger Brokers, with its comprehensive offerings and competitive edge, is a strong contender in the brokerage landscape.

Security and Growth

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Ensuring the safety of your investments is a top priority for Tiger Brokers. Tiger Brokers acts as a custodian for your securities, safeguarding your assets with the utmost care. This custodial service is a testament to the platform’s commitment to security, providing peace of mind for investors.

Moreover, when accessing your account, you’ll be required to use the 2FA authentication feature that guarantees more security. In addition, you’ll receive email alerts of transfers and withdrawals, keeping you informed of all account activities.

Tiger Brokers’ investors include big names like Xiaomi and Interactive Brokers, and the firm has complied with MAS security requirements. This strong backing and adherence to regulations underscore the platform’s reliability.

For further assurance, Tiger Brokers is recognized by BrokerChooser as a trusted choice, reflecting its legal and regulatory integrity. The platform’s dedication to security is clear, with continuous improvements and updates to protect your investments.

Impressive Growth and Investor Confidence

Tiger Brokers has experienced a remarkable surge in popularity, particularly during the pandemic. In the third quarter of 2020, the platform saw a three-fold growth in account openings and a staggering 540% increase in trading value. This momentum continued into the following year, with a notable rise in the average first-time deposit.

The confidence of investors in Tiger Brokers is evident not only in these numbers but also in the growing trend of young investors becoming more savvy, as they start to trade derivatives like US stock options. Tiger Brokers Singapore’s TradingFront is empowering institutions globally, providing a comprehensive platform for financial advisers to manage customer investments more effectively.

Tiger Brokers’ commitment to accessibility and security has made investing easy, attracting a diverse range of users from seasoned traders to those new to the investment scene. The platform’s low barrier to entry and user-friendly experience resonate with investors looking for a reliable brokerage app.

The company’s impressive growth trajectory is further underscored by its successful IPO in 2019, after raising $139.52 million in funding. This milestone has solidified Tiger Brokers’ position in the market and continues to inspire investor confidence.

Promotions and Rewards for Account Holders

Tiger Brokers is committed to rewarding its account holders with a variety of promotions and incentives. Account holders can benefit from a range of rewards, from stock bundles to commission-free trades, designed to enhance their trading experience and maximize their investment potential.

For instance, by depositing a specified amount and maintaining it for a certain period, traders can receive valuable fractional shares of leading companies. Additionally, exclusive promotions such as the SingSaver offer provide additional perks like vouchers, adding to the overall value provided by Tiger Brokers.

The rewards are not only generous but also stackable, allowing traders to accumulate benefits over time.

Here’s a quick overview of some of the rewards available:

  • Deposit and maintain a minimum amount to receive fractional shares of top-tier stocks.
  • Execute a number of buy trades to unlock sure-win draws and additional stock rewards.
  • Benefit from unlimited commission-free trades for selected markets for an extended period.
  • Activate features like Tiger Vault’s Auto-sweep to enjoy boosted interest rates.

These promotions are subject to terms and conditions, and they often come with a validity period, so it’s important for traders to stay informed and take advantage of these offers promptly.

Getting Started with Tiger Brokers

tiger broker

Looking to start investing, why not try Tiger Broker?

Tiger Brokers offers competitive commission fees for trades across different markets.

It is also practically fee-less in these aspects: no custody fees, deposit (or withdrawal) fees, currency exchange fees, inactivity fees, or account maintenance fees to contend with!

Opening Your Tiger Brokers Account

Opening an account with Tiger Brokers is a straightforward process designed to get you trading as quickly as possible. Begin by visiting the Tiger Brokers’ online application page and follow the simple steps to submit your documents, such as NRIC and proof of address. You have the option to choose between a cash or margin account, depending on your investment strategy.

Pro tip: Speed up your application by using SingPass, which can streamline the verification process.

Once your account is set up, funding it is just as easy. Tiger Brokers allows for bank transfers in multiple currencies including SGD, USD, HKD, EUR, and AUD. Your account can conveniently hold funds in these currencies simultaneously, giving you the flexibility to trade on various markets without the hassle of currency conversion.

Remember to check out the current promotions, such as the welcome promo offering 365 days of unlimited commission-free trades for selected markets, valid for accounts opened within a specific period. This is an excellent opportunity for new traders to maximize their investments from the start.

Funding Your Investments

Once you’ve opened your Tiger Brokers account, funding it is a straightforward process. Tiger Brokers offers multiple funding options to cater to the diverse needs of investors. For instance, depositing funds can be done through various channels such as bank transfers or online payment systems.

To deposit funds, follow these simple steps:

  1. Open your Tiger Trade app and navigate to the deposit section.
  2. Choose the currency and method of deposit—whether it’s via local bank accounts or other methods.
  3. Complete the bank account verification if required, and proceed with the deposit.

Tiger Brokers ensures that the funding process is not only easy but also secure, with clear instructions provided for each step of the way.

Withdrawals are just as user-friendly, with a similar process ensuring that you can access your funds when needed. It’s important to note that withdrawal methods may vary based on your region and the selected currency.

Navigating Sign-Up Bonuses and Conditions

Understanding the sign-up bonuses and conditions is crucial when opening an account with Tiger Brokers. These incentives can provide a significant boost to your trading journey, but it’s important to be aware of the terms associated with them.

  • Read the fine print: Ensure you understand the requirements for eligibility and what you need to do to claim your rewards.
  • Compare promotions: Look at offers from different periods and providers to ensure you’re getting the best deal.
  • Stay informed: Keep an eye on updates from reliable review sources like HustleVentureSG, which offers in-depth reviews and simplifies complex financial concepts.

Remember, the attractiveness of a promotion should not be the sole factor in your decision. Consider the overall value Tiger Brokers provides, including its trading platform, fees, and customer service.

Lastly, don’t hesitate to reach out to Tiger Brokers’ customer support if you have any questions regarding the sign-up process or the bonuses. They are there to help you make the most of your trading experience.

Embark on your investment journey with confidence by getting started with Tiger Brokers. Our comprehensive guide will walk you through the essentials of stock trading, providing you with the knowledge and tools you need to make informed decisions. Whether you’re a seasoned investor or just beginning, Tiger Brokers is your gateway to the world of investment. Don’t miss out on the opportunity to grow your portfolio. Visit our website now to learn more and take the first step towards financial empowerment.

Start Investing

With competitive commission fees, a plethora of sign-up incentives, and a diverse range of tradable products, it caters to a wide audience. The platform’s growth, underscored by a surge in account openings and trading volume, reflects its rising popularity, particularly in the Singapore market.

While there are minimum trade requirements to unlock certain rewards, the overall value proposition—bolstered by the absence of many common fees—makes Tiger Brokers a strong contender for your trading needs. Whether you’re diversifying your portfolio across global markets or taking advantage of the latest promotions, Tiger Brokers could be the gateway to your investment success.

Frequently Asked Questions

What are the benefits of using Tiger Brokers for trading?

Tiger Brokers offers competitive commission fees, a wide range of investment products, user-friendly mobile applications, and attractive sign-up perks and rewards for trading. It is suitable for both new traders and frequent traders who execute a large number of orders.

Who is Tiger Brokers best suited for?

Tiger Brokers is ideal for investors looking to trade in Singapore and US markets, as well as those who appreciate low commission rates and generous sign-up promotions. It caters to new traders as well as frequent traders who can benefit from various trader rewards.

Are there any hidden charges with Tiger Brokers?

Tiger Brokers prides itself on transparency and does not have hidden charges. They do not charge custody fees, deposit or withdrawal fees, currency exchange fees, inactivity fees, or account maintenance fees.

How does Tiger Brokers compare with other brokerages?

Tiger Brokers stands out for its competitive pricing, absence of hidden fees, and a comprehensive trading platform that offers access to global markets. It has seen impressive growth and investor confidence, making it a popular choice among brokerages in Singapore.

What security measures does Tiger Brokers have in place?

Tiger Brokers takes the security of its clients’ investments seriously and has implemented robust security measures to ensure the safety of member investments.

How can I get started with Tiger Brokers?

To get started with Tiger Brokers, you can open an account through their online platform, fund your investments, and navigate the sign-up bonuses and conditions to make the most of the rewards and promotions available.

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