Low Commission Fees
Tiger Brokers is known for their low fees such as 0.03% commission per trade or as low as $0, and no custody fees for Singapore stocks. With a minimum funding of S$1, Tiger Brokers is a good online brokerage if you're looking to trade on the US markets or SGX regularly.
Min. Commission Fee US Stocks
0.03% of Trade Value*
Min. Commission Fee SG Stocks
Min. Funding
MoneySmart Exclusive

[MoneySmart Exclusive]
Get S$100 via PayNow when you open, fund a min. of USD1,000 within one deposit with Tiger Brokers. T&Cs apply.
[Tiger Brokers Promotion]
New to Tiger Brokers? Enjoy up to USD3,600 worth of rewards when you fulfill the requirements*. T&Cs apply.

Valid until 24 Jul 2024 - See more details below

Are you eligible?

    • MoneySmart Exclusive: Promotion is valid from 01-July-2024 to 24-July-2024

    • Welcome Bundle Promo: Promotion is valid from 15-April-2024 16:00 to 31-August-2024 23:59

    • Customers need to sign up for a new Tiger Brokers account through MoneySmart to be eligible

    • Promotion is applicable for New Users only

    • Customers need to submit the MoneySmart Claim Form by 24th July 2024 to be eligible.

What you need to know

  1. [MoneySmart Exclusive]
    a. Make a single initial deposit of min. USD1,000 (S$1,350) (within one deposit) to receive:
         i. S$100 Cash via PayNow

  2. *Cash Redemption will be sent within 6 to 8 weeks from 31sJuly 2024.

  3. [Tiger Brokers Promotion]
    Welcome Bundle Promo:
    - Receive USD6 voucher from Tiger Brokers when you sign up and open an account

  4. - Receive 3 months SGX LV2 advanced quotes (worth S$60) for new users who make their first deposit of any amountT&Cs apply.

  5. - Get 1 sure-win lucky draw attempt (worth USD20 - 600) for new users who fund S$1,000 or more, maintain assets for 30 days and complete 3 new BUY trades.  T&Cs apply.

  6. - Get 3 sure-win lucky draws attempt (worth USD60 - 1,800) for new users who fund S$5,000 or more, maintain assets for 30 days and complete 5 new BUY trades.  T&Cs apply.

  7. - Get 6 sure-win lucky draws attempt (worth USD120 - 3,600) for new users who fund S$10,000 or more, maintain assets for 30 days and complete 5 new BUY trades.  T&Cs apply.

Claim Form

Quick Facts

Trading Products

Stocks, ETFs, bonds, commodities, options, futures, funds, FX.

Minimum Commission Fee

0.06% of trade value for SG stocks, minimum US$1.99 for US stocks

Minimum Funding Amount


Stock Holding Type


Trading Platforms

Tiger Trade Desktop Trading Platform, Tiger Trade Mobile Trading Platform

Payment Methods

FAST, PayNow, MEPS, internet bank transfer

All Details

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.

Review of Tiger Brokers Singapore

Before Tiger Brokers entered Singapore’s online investment brokerage scene in 2020, trading stocks typically incurred high minimum commission fees. Needless to say, Tiger Brokers changed the game when it started offering some of the lowest commission fees on the market. Since then, it has taken the stock trading space by storm as one of the brokerages of choice for active stock traders.

It continues to maintain its competitive edge with low commission fees, no hidden fees, attractive promotions and easy access to global markets via their mobile and desktop online trading platforms. Tiger Brokers Singapore is also backed by high profile investors including Chinese tech giant Xiaomi and US-based brokerage Interactive Brokers, which is impressive for a new kid on the block.

But does it really offer good value and viable investment options for both beginners and seasoned traders? Let’s dig deeper in this review. Firstly, we’ll look at the pros and cons of trading on Tiger Brokers Singapore.


  • Easy-to-use interface
  • Quick and hassle-free sign-up process with attractive perks
  • Competitive commission fees
  • No currency exchange fees
  • No deposit and withdrawal fees, inactivity fees or account maintenance fees
  • No custody fees or dividend handling fees


  • New entrant in the brokerage scene
  • Limited stock exchanges available
  • Complex fee structure with 2 tiers: platform fee and commission fee
  • Limited funding choices (no PayNow)
  • Not able to link your CDP account

Tiger Brokers Singapore's List of Exchanges

Currently, there is a decent variety of different exchanges across global markets including the United States, Hong Kong, Singapore, China, and Australia, which you can trade on Tiger Brokers Singapore’s platforms.

The most notable exception from Tiger Brokers is the London Stock Exchange (LSE). LSE is listed on Tiger Brokers Singapore’s platform, but trading LSE-listed equities is not offered at the moment.

This is one disadvantage as you will miss out on the chance to buy Irish-domiciled ETFs that help to reduce your dividend withholding tax (30% to 15%), which you can find out more in our blog article on buying US stocks in Singapore.

Perhaps some handy tips on picking the best brokerages, understanding the fees involved, and other insights may come in handy for you before you decide to buy some US stocks via Tiger Brokers Singapore.

Singapore Exchange (SGX)

Hong Kong Exchanges (HKEX)

US Stock Exchanges

  • New York Stock Exchange (NYSE)
  • NASDAQ Stock Market (NASDAQ)
  • American Stock Exchange (AMEX)
  • Pink Sheet Exchange (PK)
  • Over-the-Counter (OTC)

Australian Securities Exchange (ASX)

China Stock Exchanges

  • Shenzhen Stock Exchange (SZSE)
  • Shanghai Stock Exchange (SSE)

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Tiger Brokers Singapore Trading Products

If you’ve checked out online brokerages listed on MoneySmart, you’ll realise that Tiger Brokers Singapore’s investment products and services are quite similar to what many brokerages offer. Their range of products include:
  • Stocks
  • ETFs
  • Mutual funds
  • Futures
  • Options
  • Warrants
  • CBBCs
  • REITs
One of Tiger Brokers Singapore’s unique features is its Fund Mall, a dedicated platform within Tiger Brokers where you can buy and sell mutual funds, and receive fund returns and dividends. If you’re keen to check out how it works and what benefits you can get out of it, read MoneySmart’s blog article on Tiger Brokers Singapore’s Fund Mall.

Tiger Brokers Singapore Platform and Commission Fees

Fees are definitely one of the important considerations when you’re planning to invest and they may also differ depending on the type of product, market and investing platform you pick.

For example, the minimum commission fee for Singapore stocks can be from $0 to $25. Unless you’re making huge trades, this can make up a significant percentage of your trading amount, which eats into your potential profits.

Currently, Tiger Brokers charges 0.04% of trade value for both commission and platform fees when trading Singapore stocks, and USD 0.005 per share (min. USD 0.99 per order) for trading US stocks.

Head over to this article to find out more about Tiger Brokers’ First Anniversary commission fee discounts and promotions.

As for the breakdown of fees that Tiger Brokers Singapore charges for the Singapore, US, Australia, Hong Kong and China markets, head to MoneySmart’s Tiger Brokers Singapore online brokerage page for more details.

Tiger Brokers Singapore Foreign Currency Exchange

To date, Tiger Brokers Singapore supports AUD, USD, HKD, CNH, NZD, EUR, GBP, SGD, and JPY currencies. You can fund your account in SGD and exchange it for your desired foreign currency within Tiger Brokers Singapore. There’s no interest rate charged on your currency exchanges and you can trade in multiple markets with just one account.

Types of Accounts on Tiger Brokers Singapore

There are 3 types of accounts which you can choose to open on Tiger Brokers Singapore’s platform – Paper account, Prime account and Fund Mall account.

Paper account

This account is essentially a demo account which simulates the actual trading experience. A great starting point for beginner investors who are looking to try out the virtual trading experience and get a feel of how Tiger Brokers Singapore’s platform works, while also avoiding getting burned. As no real money is involved, you will only be able to “trade” US and HK stocks with just $10,000 USD and one Apple stock using this account.

Prime account

With this account, you will be able to carry out actual trading, as well as track the value of your portfolio. The Prime account itself has 2 categories – Cash account and Margin account. Be sure to select the Cash account, which is more suitable for typical investors. As its name suggests, you’ll need to fund the account in cash, and your trades will be limited to your Cash account balance. It supports most products on Tiger Brokers Singapore, except for futures and options. A Margin account, on the other hand, allows you to finance your trades using leverage (i.e. borrowing money from Tiger Brokers), which is subject to interest. This account allows you to do margin trading, futures trading and short selling, all of which involve much higher risks than trading with a Cash account.

Fund Mall account

Investors who are interested in mutual funds will be happy to know that Tiger Brokers Singapore has a platform that is solely dedicated to investments in a variety of mutual funds. The selection includes money funds, bond funds (investment grade bonds, emerging market bonds, high yield bonds, and more) and equity funds (U.S. and Asian large-cap stocks, small- and mid-cap stocks, technology stocks, emerging markets, and more). You can choose from either a one-time investment or a regular savings plan. The currency used in Fund Mall is USD, with a minimum trade amount of USD 100 for all types of mutual funds.

Tiger Brokers Singapore Trading Platforms

Tiger Brokers Singapore’s interactive and customisable app is available on both mobile and desktop, with both iOS and Android versions available. Its mobile and desktop trading platforms will appeal to you if you like being hands-on with your investments and trade frequently on the go.

User-friendly interface

The user interface is easy to navigate with simple organisation of pages and handy investing tools including the Watchlist, Prime Account, Stock information, News, and Discover (which comprises a stock screener that lets you find stocks according to your preferences).

Complimentary real-time stock data

Tiger Brokers Singapore offers free market data and access to real-time Level 1 SG stock market data, Level 2 New York Stock Exchange (NYSE) market data, and Level 2+ market data in the OTC Markets, so as to better understand trends and analyse prices.

How safe is it to invest via Tiger Brokers Singapore?

Tiger Brokers Singapore may be a new kid on the block, but it is backed by Chinese tech giant Xiaomi and US-based brokerage Interactive Brokers. Like all other registered investment brokerages, Tiger Brokers Singapore complies with Singapore’s regulatory requirements set out by the Monetary Authority of Singapore to protect consumers.

Licenced by Monetary Authority of Singapore (MAS)

Tiger Brokers holds a Capital Markets Services Licence under the Securities and Futures Act (Cap.289). As such, it has to comply with MAS regulations.

2FA security feature

The Tiger Brokers app comes with a “Tiger Token” feature, which you may choose to enable or turn off. If you have enabled 2-factor authentication, you will be prompted to key in both your account password and the one-time password generated by “Tiger Token”. This additional step is meant to make your account more secure.

Deposit and withdrawal notification

You will receive email notifications for every transfer and withdrawal to your account. Any suspicious transactions will be automatically flagged for further investigation by the Tiger Brokers team.

Custodian account

When you trade via Tiger Brokers, your funds will be kept in a custodian account and Tiger Brokers uses DBS Singapore as its custodian bank. Note that any acquired shares will be held by Tiger Brokers and any dividends will be transacted through your custodian account as well.

Tiger Brokers vs Interactive Brokers vs Saxo

Besides Tiger Brokers, Interactive Brokers and Saxo are also among the other popular platforms you would have come across on MoneySmart’s online brokerages wizard while comparing their features and trading benefits. Let’s pit these 3 platforms against one another to help you make a better decision. The key factors which we’ll look at are commission fees (on the Singapore stock exchange), market access and trading products available. Compared to Interactive Brokers and Saxo which charge minimum commissions per trade, Tiger Brokers charges no minimum, which makes it cost-effective for smaller and more frequent trades.

Tiger BrokersInteractive BrokersSaxo
Commission Fee: 0.04% of trade value (no minimum)Commission Fee: 0.08% of trade value (min. SGD 2.50 per trade)Commission Fee: 0.08% of trade value (min. SGD 5 per trade)
Platform Fee: 0.04% of trade value (no minimum)Platform Fee: USD 10 per monthPlatform Fee: None for SGX stocks; 0.12% annual custody fee for non-SGX
Markets Available: 10 markets in Singapore, US, Hong Kong, China, Australia in 9 currenciesMarkets Available: 150 markets in 33 countries, in 26 currenciesMarkets Available: Over 37 markets in US, Europe, Asia and Australia, in 21 currencies
Trading Products: Stocks, ETFs, mutual funds, futures, options warrants, CBBCs, REITs Trading Products: Stocks, funds, options, futures, bonds, currenciesTrading Products: Stocks, ETFs, mutual funds, options, futures, bonds, currencies, CFDs, commodities, cryptocurrency

Compare Tiger Brokers vs Moomoo vs TD Ameritrade

Similarly, Moomoo and TD Ameritrade are known for their low cost trades like Tiger Brokers. Let’s look at the similarities and differences in their SGX commission fees, market access and trading products. Among the 3, Tiger Brokers seems like the most cost-effective platform if you’re looking to trade in the Singapore market as Moomoo charges a minimum of SGD 2.49 while TD Ameritrade focuses on providing trading products and services solely for the US market.

Tiger BrokersMoomooTD Ameritrade
Commission Fee: 0.04% of trade value (no minimum)Commission Fee: 0.03% of trade value (min. SGD 0.99 per trade)Commission Fee: None
Platform Fee: 0.04% of trade value (no minimum)Platform Fee: 0.03% of trade value (min. SGD 1.50 per trade)Platform Fee: None
Markets Available: Singapore, US, Hong Kong, China, AustraliaMarkets Available: Singapore, US, Hong Kong, ChinaMarkets Available: US only
Trading Products: Stocks, ETFs, mutual funds, futures, options warrants, CBBCs, REITsTrading Products: Stocks, ETFs, options, futures, ADRs, REITs Trading Products: Stocks, ETFs, options, futures