Tiger Brokers (Singapore) Pte. Ltd.
Multi-Regulated - High Trust (MAS, ASIC, FINRA/SIPC)Pros
- Licensed by multiple tier-1 regulators including MAS (Singapore), ASIC (Australia), and FINRA/SIPC (US) providing strong regulatory oversight and investor protection
- Highly competitive commission rates starting from 0.03% for Singapore stocks and USD 0.005 per share for US stocks with transparent fee structure
- Advanced Tiger Trade platform with comprehensive features including multi-leg options trading, real-time market data, and integration with TradingView
- Access to multiple global markets including US, Singapore, Australia, and Hong Kong through a single platform
- Backed by prominent investors including Xiaomi and Interactive Brokers demonstrating strong financial backing and industry partnerships
- Innovative Tiger Coin rewards program offering commission-free trades and other trading benefits
- Comprehensive mobile trading app with intuitive interface and full functionality for both iOS and Android devices
Cons
- Higher combined trading costs for US stocks with both commission and platform fees potentially reaching up to 1% of trade value per order
- Limited forex trading capabilities compared to specialized forex brokers
- Customer support response times can be slow during peak trading hours based on user reviews
- Some users report complex verification procedures and withdrawal delays requiring additional documentation
- Lack of comprehensive educational resources for beginner traders compared to larger established brokers
- No negative balance protection mentioned in available documentation
Basic Information
User Reviews
Regulation Analysis
Tiger Brokers maintains a comprehensive regulatory framework across multiple jurisdictions to ensure client protection and operational compliance. The primary entity, Tiger Brokers (Singapore) Pte. Ltd. (Reg. No. 201810449W), is licensed and regulated by the Monetary Authority of Singapore (MAS), requiring strict adherence to capital adequacy requirements and client fund segregation protocols. The Australian subsidiary holds an Australian Financial Services License (AFSL 505213) from ASIC, while the US operations are overseen by FINRA/SIPC (CRD: 120583; SEC: 8-65324) and the NFA (No. 0328552). Tiger Brokers (NZ) Limited is registered on the New Zealand Financial Service Providers Register (FSP473106). Client funds are maintained in segregated accounts with established banking institutions, and the broker must comply with strict regulatory reporting and audit requirements across all jurisdictions. The company has maintained a clean regulatory record with no significant enforcement actions or fines reported by regulatory authorities.
Trading Products
- Stocks: Access to multiple global markets including US (NYSE, NASDAQ), Singapore (SGX), Hong Kong (HKEX), and Australian (ASX) exchanges with competitive commission rates
- Options Trading: US stock options with multi-leg trading capabilities and support for complex strategies including GTC orders
- ETFs: Wide range of exchange-traded funds across major global markets
- Futures: Access to futures contracts on major exchanges
- IPO Subscriptions: Ability to participate in initial public offerings across supported markets
- Leverage: Available margin trading with competitive rates varying by market and jurisdiction
- Trading Hours: Access to extended hours trading for US markets and regular trading hours across Asian markets
Trading Platforms
Tiger Trade serves as the broker’s flagship proprietary trading platform, available on both desktop and mobile devices. The platform features comprehensive charting capabilities, real-time market data, advanced order types, and seamless integration with TradingView for enhanced technical analysis. The mobile app provides full trading functionality with an intuitive interface optimized for on-the-go trading. Key features include multi-leg options trading support, customizable watchlists, real-time price alerts, and the innovative Tiger Coin rewards program. The platform supports multiple languages and provides access to global markets through a single login. Advanced features include GTC orders during non-trading hours, index options trading, and sophisticated risk management tools. Platform stability and execution speed are prioritized through robust infrastructure and regular updates.
Deposit and Withdrawal
Tiger Brokers offers multiple funding options to accommodate global clients. Deposits can be made via bank wire transfer, local bank transfer methods (including FAST for Singapore clients), and electronic payment systems. The minimum deposit requirements vary by region and account type, typically starting from USD 100. Processing times for deposits range from instant for local transfers to 1-3 business days for international wire transfers. Withdrawal requests are processed within 1-2 business days after verification, with funds typically reaching client accounts within 3-5 business days depending on the payment method. The broker maintains strict verification requirements in compliance with AML/KYC regulations, requiring proof of identity and address documentation. Multiple base currencies are supported including USD, SGD, HKD, and AUD. All client funds are held in segregated accounts at major banks in accordance with regulatory requirements.
Customer Support
Tiger Brokers provides customer support through multiple channels including email, phone, and in-app chat support. Service hours align with major market trading sessions, with enhanced coverage during Asian market hours. Support is available in multiple languages including English, Chinese, and other major Asian languages. Response times vary by channel and time zone, with live chat typically providing the fastest response. The broker maintains regional support teams in Singapore, Australia, and other key markets to provide localized assistance. A comprehensive help center offers detailed guides, FAQs, and platform tutorials. VIP clients receive priority support and dedicated account management services. While some users report occasional delays during peak hours, the overall support quality is professional and knowledgeable in handling trading-related inquiries.
FAQ
Q: Is Tiger Brokers a regulated and safe broker?
A: Yes, Tiger Brokers operates under multiple tier-1 regulatory licenses including the Monetary Authority of Singapore (MAS), Australian Securities and Investments Commission (ASIC), and FINRA/SIPC in the US. Client funds are held in segregated accounts, and the broker maintains strict compliance with regulatory requirements across all jurisdictions. The company has a clean regulatory record and is backed by major investors including Interactive Brokers.
Q: What are the trading costs and minimum deposit requirements?
A: Trading costs vary by market, with Singapore stocks starting from 0.03% commission and US stocks at USD 0.005 per share plus platform fees. The minimum deposit requirement varies by region but typically starts from USD 100. Additional fees may apply for specific services or inactive accounts.
Q: What trading platforms are available?
A: Tiger Brokers offers their proprietary Tiger Trade platform, available on both desktop and mobile devices. The platform features comprehensive charting, real-time data, advanced order types, and integration with TradingView. Mobile apps are available for iOS and Android with full trading functionality.
Q: How long do withdrawals take to process?
A: Withdrawal processing typically takes 1-2 business days for internal review, with funds reaching client accounts within 3-5 business days depending on the payment method. All withdrawals require prior account verification and may be subject to additional security checks.