Compare the Best Tiger Brokers Online Investment Brokerages in Singapore 2021

Choose from MoneySmart's curated list of best brokerages in Singapore and Learn how to maximise returns. Read More
We found 1 Tiger Brokers Online Brokerage for you!
Tiger Brokers logo

Min. Funding

$1

Min. Funding
MoneySmart Exclusive
Min. Commission Fee US Stocks
US$1.99
Min. Commission Fee SG Stocks
0.08% of Trade Value
Min. Funding
$1
Get 1 free Starbucks share (worth S$155), 60 commission-free trades and 500 Tiger coins when you trade with Tiger!
Valid until 13 Jun 2021 - See more details below
Apply Now

Disclaimer: At MoneySmart.sg, we strive to keep our information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products and services are presented without warranty. Additionally, this site may be compensated through third party advertisers. However, the results of our comparison tools which are not marked as sponsored are always based on objective analysis first.

Tiger Brokers Singapore

Looking to invest in stocks in Singapore? Can't decide between gold, bitcoin, cryptocurrency, US Tesla stocks, SGX, or mutual funds? Whether you are a beginner learning to invest or a seasoned expert in trading, we’ve compiled the best online brokerages available in Singapore for you.

What is Tiger Brokers?

Tiger Brokers is a Chinese online brokerage backed by Wall Street investor Jim Rogers (who lives in Singapore) and US giant, Interactive Brokers. It was founded in 2014 by Wu Tianhua – a founding member of Chinese search engine, Youdao.

Who is Tiger Brokers best for?

Consider Tiger Brokers if you are new to investing. Most brokerages require you to pass mandatory customer knowledge assessment e.g. hold a finance degree, worked in finance for 3 years etc. to open an account. Tiger Brokers offers you the option to take a free SGX online course.

Key Features

Tiger Brokers is most notably known for its low commission fees, no miscellaneous fees (e.g custody, deposit, withdrawal, currency exchange fees, inactivity fees), attractive sign up promos (e.g. 1 free Starbucks share), and access to a wide range of trading instruments and global markets.

Why Consider Tiger Brokers?

Tiger Brokers debuted in Singapore in 2020 and has since proved to be a popular choice for Gen Z consumers. It is also regulated and licensed by the Monetary Authority of Singapore.

Competitive commission fees

Tiger Brokers is known for their low commission fees, e.g. US$0.01 per share for US Stocks and ETFs, 0.06% of trade value for Hong Kong stocks, 0.08% of trade value for SG stocks, ETFs, REITs, DLCs, 0.06% of trade value for China A-shares, 0.10% of trade value for Australian stocks, and more.

Attractive sign-up promotions

Apart from its low commission fees, Tiger Brokers is also known for its attractive sign-up promos. Past and current promos inlcude a 10% Tesla voucher or a free Apple share for referrals, 1 free Tesla share, 1 free Disney share upon deposit, or 1 free Starbucks share when you open an account.

Wide variety of analytical tools

You'll be able to trade on Tiger Brokers' mobile and desktop apps with real-time stock and market data (a free service), access information of stocks, companies, global economic news and calendar for fundamental analysis, and tools such as one-click trading, PnL analysis, stock options trading, analytics, screeners, and candlesticks.

Tiger Brokers Fees

FeesMarketPricing
Commission Fee - Stocks, ETFs USUS$0.01 per share
Commission Fee - StocksHK0.06% of trade value
Stocks, ETFs, REITs, DLCsSG0.08% of trade value
Commission Fee - A-SharesChina0.06% of trade value
Commission Fee - StocksAU0.10% of trade value
Commission Fee - Stocks, ETFs USUS$0.01 per share

Tiger Brokers - Other Fees

Withdrawal Fee

If you're looking to withdraw your funds from your Tiger Brokers account, you can do so via the Tiger Brokers website. Go to "My Account" followed by "Withdrawal". Tiger Brokers does not charge any withdrawal fees. You will then receive your funds within 2 to 3 working days.

Custodian Fee

Tiger Brokers does not charge any custody (or custodian) fees. Singapore's DBS Bank is the custodian bank for your funds when you invest or trade with Tiger Brokers.

Exchange Rate Fee

Tiger Brokers currently does not charge exchange rate fees. You can make currency exchange on your Tiger Brokers mobile or desktop app from 6:20am to 4:55am (next day, SG time) in SGD, USD, HKD, CNH, AUD, NZD, EUR, GBP, and JPY.

Summary of Tiger Brokers Fees and Charges

Tiger Brokers is an online brokerage that's considered a safe choice for investing and trading in Singapore. It offers some of the most competitive fees in the market right now – with no custody, deposit, withdrawal, currency exchange fees, inactivity fees, and low commission fees.

Promotions Available

Free Shares

Current Tiger Brokers promotion includes – get 500 Tiger coins (which can be used to redeem free trades) upon registeration, 60 commission-free trades for US, HK, SG stocks and Futures within 180 days, and 1 free Starbucks share when you make an initial deposit of more than S$2,000.

Tiger trade vs MooMoo vs TD Ameritrade

Tiger trade

Tiger Brokers does not charge any miscellaneous fees such as custody, deposit, withdrawal, currency exchange fees, and inactivity fees – which is great if you are not the best at tracking the multitiude of fees. However, you will have to pay commission fees per trade.

MooMoo

On the other hand, MooMoo charges low miscellaneous fees for certain trade actions such as S$30 withdrawal fee for any withdrawals under S$200,000 to a Singaporean bank (which does not support FAST), and US$0.01 to - 0.05 per share for ADR custody fee etc. There are no deposit fees and inactivity fees. MooMoo charges low commission fees at US$0.0049 per US share, 0.03% or HK$3 for HK stocks, and 0.03% or SG$0.99 for SG stocks.

TD Ameritrade

TD Ameritrade's pricing system is vastly different – TDA charges $0 no commission fee for US online stock, ETFs, and options. Options will come with a contract fee of US$0.70 per contract. However, do note that TDA charges trading activity fees, ACAT withdrawal transfers, wire transfer fees, etc.

Steps to open a Tiger Brokers account in Singapore

Step 1

For fast application, you can simply scroll up to the top of this page and click on "Apply Now". You will be immediately led to the Tiger Brokers Singapore online application form and portal.

Step 2

If you are a Singaporean or Permanent Resident, you will be able to quickly scan your SingPass MyInfo QR code to automatically fill up all your personal information.

Step 3

Select if you want to open a Margin Account (for margin trading) or Cash Account (does not support Options and Futures trading; the usual option for most of the common folks like us).

Step 4

Then, as with all brokerages, you'll be asked for your stock investment experience which includes the number of years, number of trades per year, and your knowledge of investment and trading instruments.

Step 5

You will then have to choose your purpose or motivation for investing or trading – whether you're here to Speculate, attain Trading profits, Capital growth, to Hedge, generate Income, or seek Preservation for your principal.

Step 6

Once you complete the application, you will then need to fund your account with a deposit. Do look out for deposit promotions from Tiger Brokers so you can maximise your deposit with free Tiger coins or shares!

Tiger Deposit and Withdrawals

Minimum Deposit

Tiger Brokers does not require any minimum deposit from you. However, a minimum deposit of S$2,700, US$2,000, or HK$16,000 will be required to be eligible for sign-up promotions.

Close Tiger Account

If you're thinking of closing your Tiger Brokers account, first withdraw all your fund from your trading account by going to "My Account" on the Tiger website or "Tiger Account" on the app. It will take approximately 2 to 3 working days for the funds withdrawal to be complete. After that, Google for "Cancel Account Tiger Brokers" and click on the official cancel account page. You will be required to click on another secure link and log in to the Tiger Brokers platform to start the process.

Tiger Brokers Hotline

To contact the Tiger Broker Hotline, dial 6950 0591. Otherwise, you can start an online chat with the customer service team on the Tiger Brokers website from 8.30am to 6.30pm, Mondays to Fridays.

Tiger Brokers Summary

In a nutshell, Tiger Brokers is a Chinese online brokerage that's relatively popular amongst the younger Gen Z demographic in Singapore since its launch in 2020. It's considered a safe choice for investing and trading in Singapore, is regulated by the Monetary Authority of Singapore, and uses DBS Singapore as its custodian bank for all clients' funds. Tiger offers some of the most competitive fees in the market right now – with no custody, deposit, withdrawal, currency exchange fees, inactivity fees, and low commission fees.

Frequently Asked Questions

What are the different account types available?

There are 2 types of account at Tiger Brokers – a Margin Account, and a Cash Account. A Margin Account will allow you to execute margin trades and short sells (intraday leverage up to 4 times, and overnight leverage up to 2 times). You will be able to trade all products available at Tiger. However, if you're not proficient with margin or short sells, the next account is for you. The basic Cash Account is more suitable for beginners and allows you to trade with cash. You will not be able to execute margin trades, short sells, futures, and options.

How long does it take to open a Tiger brokers account?

The Tiger Brokers online application form will take you approximately 10 minutes to complete. After you have submitted your application, your Tiger trading account will be opened within 1 to 3 business days. You will be able to call the customer service hotline or start an online chat with the customer service team if you need an application status update.

How do I draw money from Tiger Brokers?

To draw your money from Tiger Brokers account, you can do so via the Tiger Brokers website. Click on "My Account" followed by "Withdrawal". If you are using the Tiger desktop or mobile app, click on "Tiger Account" followed by "Withdrawal". Tiger Brokers does not charge any withdrawal fees. You will then receive your funds within 2 to 3 working days.

How do I buy stocks on Tiger brokers?

Before you start buying stocks on your Tiger Brokers account, you will need to first fund your account by making a cash deposit. Once that's successful, open your Tiger Brokers app and you will see your fund balance under the "Assets" tab. If that's correct, click on the "Stocks" tab and return to the homepage. Click on the search bar on the top left hand corner, and search for the stock (use the symbol) that you're interested in. Once you're on the stock's page, you will see all the available information and charts. You can then click on the "Buy/ Long" button on the bottom right to start a ticket – which you will need to fill in with your order limit, limit price, quantity, positions, etc. before you click "Submit".

How long does it take to withdraw from Tiger brokers?

If you are withdrawing your funds from Tiger Brokers, you will need to submit a withdrawal application via the Tiger website or trading apps. After that, it will take an approximate 2 to 3 working days for your funds to reach your account.

What is Tiger brokers paper account?

A paper account in online brokerage terms basically refers to a free demo account. You will be able to login to the trading apps, have "fake" money already in it for you, and "trade" on the live markets – effectively a great way to learn to use the trading platform, to discover the different trading approaches and strategies, and watch the PnLs.

How do I top up my Tiger brokers account?

To deposit funds, or top up your Tiger Brokers trading account, visit the Tiger website and click on "My Account", followed by "Deposit". If you are using the trading app, click on "Tiger Account" followed by "Deposit". Select your currency of choice, and the bank that you are using. You can then follow the instructions to complete the transfer. Once that's done, click on "Funds remitted. Inform Tiger to check" option.