Tiger Brokers Review

Tiger Brokers Review
Table of Contents

Tiger Brokers is a leading online brokerage platform that provides a gateway for investors to tap into the global stock market. Especially for those residing in Singapore or eyeing investment opportunities here, the platform offers low fees, a wide range of tradable assets, and easy market access. This review aims to provide a comprehensive review of the features offered by Tiger Brokers, which will help you determine its alignment with your investment goals.


Tiger Brokers Trade Review

In this Tiger Trade Review, we delve into the array of tradable assets offered by Tiger Brokers, highlighting its place as a competitive player in the brokerage market. 

Tiger Brokers’ Tradable assets

With Tiger Brokers, investors can trade a variety of assets, a feature that helps it to stand out in the crowded brokerage space among popular brokers such as Moomoo and Webull. Here are the asset classes and markets available:

Asset Classes Markets Available
Stocks US, HK, SG, AU, CN
Mutual Funds US, HK, SG, AU
Options US
Futures US, HK
Warrants HK

Tiger Brokers’ Tradable Markets

Tiger Brokers facilitates a global trading experience by providing access to the following prominent international markets:

  • Hong Kong
  • China
  • Singapore
  • United States
  • Australia.

tiger brokers singapore review
Source: Tiger Broker’s app

This access enables investors to diversify their portfolios by trading in different economic regions. The US market offers a vast array of stocks from tech giants to established industrial companies. The Hong Kong market provides a gateway to Asian economies, while the Singapore market offers a stable and well-regulated trading environment. Through Tiger Brokers, investors can tap into these markets seamlessly, making global investing much more accessible.

Tiger Brokers' Fees

Understanding Tiger Brokers' fee structure will be essential for investors to effectively manage their trading expenses. Tiger Trade offers a comprehensive list of fees, such as listing commissions, platform charges, and third-party fees for various financial instruments. For U.S. stocks, additional costs include regulatory fees, transaction levies, and clearing fees. Here are the fees associated with the various financial products offered on the platform.

Fees for Stocks and ETFs

This table displays the commission and platform fees for different markets, such as Singapore, the US, Hong Kong, Australia, and China A-shares:

Market Commission Fee Platform Fee
Singapore 0.03%, min S$0.99 0.03%, min S$1
US US$0.005, min US$0.99 US$0.005, min US$1
Hong Kong 0.03%, min HK$7 0.03%, min HK$8
Australia 0.03%, min AU$2 0.07%, min AU$2
China A-shares 0.03%, min CNH7 0.03%, min CNH8​

Source: tigerbrokers.com.sg

For more information on buying ETFs in Singapore, read our article "How to Buy ETFs in Singapore: A Beginner's Guide to Investing in ETFs".

Fees for CBBCs, Options, and Warrants

This table provides a detailed breakdown of the commission, platform fee, and third-party fees associated with different financial instruments like U.S. Options, Hong Kong Stock Options, their exercise fees, and Hong Kong Warrants and CBBCs:

Financial Instrument Commission Platform Fee Third Party Fees
U.S. Options 0.35 USD per contract 0.3 USD per contract Options Regulatory Fee: 0.01925 USD/contract.
SEC Membership Fee (Sell orders): 0.0008% of trade value.
FINRA Trading Activity Fee (Sell orders): 0.00244 USD/contract.
OCC Clearing Fee: 0.02 USD/contract.
Hong Kong Stock Options 0.2% of trade value (minimum of 3 HKD) 15 HKD per order Exchange Trading Fee: 0.5 HKD – 3 HKD per contract depending on tiers.
Hong Kong Stock Options Exercise Fees 0.03% of exercised value (minimum of 7 HKD) 0.03% of exercised value (minimum of 8 HKD) Exercise Fee: 2 HKD per contract.
Trading Fee: 0.00565% of exercised value.
Settlement Fee: 0.002% of exercised value.
Transaction Levy: 0.0027% of exercised value.
Stamp duty: 0.13% of exercised value.
FRC Transaction Levy: 0.00015% of trade value.
Hong Kong Warrants and CBBCs 0.03% of trade value (minimum of 45 HKD) - Trading Fee: 0.00565% of trade value.
Clearing Fee: 0.002% of trade value.
Transaction Levy: 0.0027% of trade value.
FRC Transaction Levy: 0.00015% of trade value.

Source: tigerbrokers.com.sg

Fees for Futures

The following provides a list of fees associated with the most commonly traded futures products on Tiger Brokers.

Futures Product Commission Fee Platform Fee Exchange Fee Regulatory Fee
China A50 Index 0.99 USD 1 USD 1.1 USD 0 USD
E-mini U.S. Indexes (Dow Jones, NASDAQ, S&P500) 1.99 USD 1 USD 1.33 USD 0.02 USD
Micro E-mini U.S. Indexes (Dow Jones, NASDAQ, S&P500) 0 USD 1 USD 0.35 USD 0.02 USD
Hang Seng Index 8 HKD 7 HKD 10 HKD 0.54 HKD
Mini Hang Seng Index 3 HKD 7 HKD 2 HKD 0.1 HKD
Nikkei 1.99 USD 1 USD 2.15 USD 0.02 USD
T-Bond 1.99 USD 1 USD 0.87 USD 0.02 USD
10-Year Note 1.99 USD 1 USD 0.8 USD 0.02 USD
5-Year Note / 2-Year Note 1.99 USD 1 USD 0.65 USD 0.02 USD
Micro Yields (2-Year, 5-Year, 10-Year, 30-Year) 0 USD 1 USD 0.3 USD 0.02 USD
Gold 1.99 USD 1 USD 1.55 USD 0.02 USD
Crude Oil 1.99 USD 1 USD 1.5 USD 0.02 USD
CME Bitcoin 18.99 USD 1 USD 6 USD 0.02 USD
Forex 1.99 USD 1 USD 1.6 USD 0.02 USD

Source: tigerbrokers.com.sg

Third-party Fees Applied on US stocks

As seen above, when trading US stocks, investors incur various third-party fees in addition to the commission and platform fees. These include:

  • Options Regulatory Fee: Charged per contract, this fee is levied by options exchanges in the United States.
  • SEC Membership Fee (Sell orders): This fee is a percentage of the trade value and is imposed by the Securities and Exchange Commission on sell transactions.
  • FINRA Trading Activity Fee (Sell orders): Charged per contract, this fee is collected by the Financial Industry Regulatory Authority for sell orders.
  • OCC Clearing Fee: The Options Clearing Corporation charges this fee per contract for clearing the trades.


Additional Commissions or Fees

Apart from the commission and platform fees, traders should also be aware of:

  • Exchange Trading Fee: Imposed by the exchange, this fee varies depending on the type of contract and the volume of trade.
  • Settlement and Exercise Fees: These fees are relevant for options that are exercised and for the settlement of trades.
  • Transaction Levies and Stamp Duty: These government-imposed fees are based on the trade or exercised value and are specific to certain markets like Hong Kong.
  • Regulatory Levies: Fees imposed by regulatory bodies like the Futures Exchange or Securities Regulating Commission depending on the market being traded in.
  • Clearing Fees: Charged by clearinghouses for the services of clearing trades.

Each of these fees can affect the overall cost of trading and should be carefully considered when calculating potential profits and losses. For comprehensive fee information, traders should always refer to the most recent fee schedule provided by Tiger Brokers or directly consult with the brokerage for clarification.

Is Tiger Brokers Safe?

Safety is a top concern for investors and Tiger Brokers appears to prioritize this aspect by adhering to regulatory guidelines. It holds a Capital Markets Services License from the Monetary Authority of Singapore (License No. CMS100844), which allows it to engage in brokerage services.

This license serves as a strong indicator of safety for investors. This license is not easily obtained. It requires the brokerage to meet stringent financial criteria, adhere to strict rules of conduct, and implement robust internal compliance measures aimed at protecting investors' interests. By holding this license, Tiger Brokers demonstrates its commitment to upholding high regulatory standards and providing a secure and transparent trading environment. This regulatory oversight should give investors confidence that Tiger Brokers operates with integrity and that their investments are handled responsibly​.

Tiger Brokers' Useful features

Tiger Brokers stands out with its suite of user-centric features designed to enhance the trading experience. In this overview, we examine the innovative tools that Tiger Brokers provides, such as real-time stock quotes and attractive promotional offers for new users. These features not only equip traders with essential market information but also offer incentives that can make trading more cost-effective and engaging.

Real-Time Stock Quotes and Newsfeed

One of Tiger Brokers' notable features is its real-time stock quotes and newsfeed. This feature provides investors with immediate price updates, crucial for making informed trading decisions. Additionally, the integrated newsfeed keeps users informed of the latest market developments, further aiding in the decision-making process.

tiger brokers singapore review
Source: Tiger Broker’s app

Tiger Coins Rewards

Tiger Brokers offers a unique rewards program known as Tiger Coins. Users can earn Tiger Coins through various activities on the platform such as logging in daily, making trades, and sharing market insights. These coins can be redeemed for commission vouchers, thus reducing the cost of trading, or exchanged for gifts in the Tiger Mall.

Tiger Brokers’ Promotions

Tiger Brokers is currently running a Welcome Gift promotion for new users, where you will be able to enjoy a 30-day interest bonus boosted to 8% annually. You will also enjoy an initial funding reward of up to 888 USD in addition to 30 USD worth of Apple fractional shares after depositing your first 1000 SGD and making 5 stock purchases. New users will also enjoy zero-commission trades for US stocks for 180 days as well as zero-commission trades for HK and SG stocks for 365 days. Beginners will be able to access courses hosted by the platform, which will allow them to place more informed trades.

How to Open an Account with Tiger Brokers?

Navigating the financial aspect of trading can seem daunting, but Tiger Brokers simplifies the process. For those looking to manage their capital within the platform, understanding how to deposit and withdraw funds is crucial. The steps are straightforward, ensuring a seamless transaction process for traders to maintain liquidity and respond to market opportunities efficiently.

Opening an account with Tiger Brokers is a straightforward process:

  1. Sign Up: Begin by signing up on the Tiger Brokers website or via the Tiger Trade app using your mobile number or email address.
  2. Personal Details: Enter your personal details including your name, date of birth, nationality, and a valid ID.
  3. Address Details: Provide your address information.
  4. Employment and Income: Fill in your employment and income details.
  5. Account Type & Investment Info: Choose your account type and provide your investment information.
  6. Financial Details: Enter your financial details along with the nature and purpose of your investment.
  7. Agreements: Read and agree to the terms and conditions of Tiger Brokers.
  8. Submission: Submit your application. Tiger Brokers will review your information and update you on the progress via SMS and email.

These steps are designed to comply with regulatory requirements and ensure a secure trading environment.

How to Deposit and Withdraw Funds in Tiger Brokers

Making deposits into your Tiger Brokers account is a hassle-free process that can be completed quickly. By selecting the appropriate deposit method and currency, investors can fund their accounts and begin trading.

Depositing Funds

  1. Visit the Tiger Deposit Page:

If you have a Tiger account, visit the deposit page via the Tiger Trade app or Tiger Brokers official website.

  • On the Tiger Trade app, go to Trade for deposit. For new customers, click Deposit Funds; for existing customers, click Deposit.
  • On the official website, log into your trading account, and navigate to My Account > Deposit​.
  1. Choose the Deposit Method:

You can deposit to Tiger through DDA (recommended if you have a DBS/POSB bank account), ordinary bank transfer, or Wise's Link in Tiger.

If you opt for Bank Account Transfer, ensure the bank account name matches your Tiger account name to initiate the deposit​1​​.

  1. Select Currency and Remittance Bank:

Select the currency you want to deposit and choose a bank account in your region for remittance​.

  1. Remit Money and Submit Deposit Notification:

For Bank Account Transfer, copy the required information from your Tiger Trade app and paste them into your banking Recipient Details. Submit a deposit notice in Tiger app after bank remittance​.

Withdrawing Funds

When it comes to accessing your profits or investment capital, Tiger Brokers offers an equally streamlined withdrawal process. By submitting a request through the app or website, traders can initiate the transfer of funds back to their bank accounts. Monitoring the process is easy, with clear updates on the status of your withdrawal available at any time.

  1. Request Withdrawal:

Login to Tiger's official website or Tiger Trade app.

On the website, navigate to My Account > Withdrawal.

On the app, navigate to Profile > Tiger Account > Withdrawal and follow the instructions to fill in the withdrawal request​.

  1. View the Process:

After submitting the withdrawal request, check the withdrawal request and processing status, or cancel the request if needed.

You can check the status by navigating to Profile > Tiger account > Transfer history > Requests on the Tiger Trade app​.

  1. Processing Time:

The statuses of withdrawals include Reviewing, Rejected, Awaiting withdrawal, Bank Processing, Failed, Remitted, Refunded, and Cancelled. It usually takes 1-2 business days for the review process​.

Both depositing and withdrawing processes are designed to comply with regulatory requirements to ensure a secure trading environment. It is crucial to ensure that your bank account name matches your Tiger Brokers trading account name to avoid any complications during these processes.

Pros & Cons 

In assessing Tiger Brokers, it's important to consider how its features align with your investment style and goals. This section outlines the key advantages and drawbacks of the platform, offering a concise overview to help you determine if it meets your trading needs.

Aspects Pros Cons
Fees Low commission rates May incur third-party fees
Tradable Assets Diverse range of global assets Limited to four types of assets
Platform User-friendly, real-time data Lack of advanced analysis tools
Safety Licensed by MAS Trading risks inherent
Support Available support and resources Limited support hours

Tiger Brokers Customer Reviews

I carefully checked Tiger Brokers reviews on Seedly (rating 3.9 based on 138 reviews), Google (rating 4.1, 545 reviews) and Tradingview (3.6, 187 reviews). Here is my brief summary of the Tiger Brokers reviews.

Positive Reviews

User-Friendly Interface and Trading Tools:

Tiger Brokers offers a seamless interface with good information available at users' fingertips.

Users appreciate the desktop app that aids in stock analysis.

Comprehensive trading tools are highlighted, with the platform being used for options trading as well.

Customer Service:

The customer service team is praised for being responsive and helpful, addressing users' doubts effectively.

Users feel supported with any issues or queries, enhancing their trading experience.

Account Creation and Accessibility:

Creating an account with Tiger Brokers is described as fuss-free, quick, and simple.

The platform offers a desktop app and allows for instant deposits through DBS Direct Debit Authorisation, providing a competitive advantage.

Commission Rates and Withdrawal Process:

Commission rates are considered cheap compared to traditional brokers like DBS Vickers.

Withdrawals are described as fuss-free, though it may take a couple of days to reflect in the bank account.

Recommendations and Overall Satisfaction:

Users who have been trading with Tiger Brokers for a while express nothing but praise for the platform and service.

The platform receives a 10/10 recommendation from satisfied investors.

Areas for Improvement:

Tradingview Integration and Stop Order Features:

Users report that features available in Tradingview paper trading, such as setting target prices and stop loss, are not reflected when connected to the Tiger Brokers account.

Some users have experienced issues with stop orders being rejected during US Open, suggesting a need for improvement in implementing these features.

Technical Doubts and Clearing Queries:

While customer service is responsive, some users feel that their doubts on the technical side are not adequately cleared.

Issues related to multi-leg orders for options trading have been highlighted as areas where the platform falls short.

Overall, Tiger Brokers receives positive feedback for its user-friendly interface, comprehensive trading tools, and responsive customer service. The platform's competitive commission rates and quick deposit options further enhance its appeal to investors. However, improvements in integrating features from Tradingview and addressing technical queries can further elevate the user experience.

Tiger Brokers' Alternatives: Moomoo, Syfe, Endowus 

In the dynamic landscape of online brokerage, Tiger Brokers stands alongside noteworthy platforms such as Moomoo, Syfe, and Endowus. This comparison aims to summarize the strengths of each platform, guiding you toward the choice that aligns with your investment objectives.

Aspects Tiger Brokers Moomoo Syfe Endowus
Fees Low commission Low commission Low management fees Low fees, no commission
Tradable Assets Stocks, ETFs, Options, Futures Stocks, ETFs, Options, Warrants ETFs, Managed portfolios Managed portfolios, funds
Platform User-friendly, real-time data Advanced tools, real-time data Robo-advisory platform Robo-advisory platform
Safety Licensed by MAS Licensed by MAS Licensed by MAS Licensed by MAS
Support Available support and resources 24/7 support Personalized support, educational resources Personalized

Tiger Brokers vs Kilde

Navigating the diverse selection of investment platforms can be challenging. Amongst a plethora of options, Kilde stands out as another platform with a set of unique features to offer. Tiger Brokers, known for its comprehensive brokerage services, offers a wide array of tradable assets, appealing to active traders in the stock market. In contrast, Kilde specializes in securitizing alternative assets, presenting a novel route for investors seeking exposure to private credit markets.


Let us dive into a detailed comparison of these two platforms, examining their potential profitability, associated risks, and reliability. This comparison aims to assist investors in discerning which platform aligns best with their financial goals and risk appetite. Whether you are looking to trade traditional assets or explore the realm of alternative investments, understanding the nuances of each platform is key to making informed decisions.

In the following comparison table, we will highlight the distinctive features and offerings of Tiger Brokers and Kilde, guiding you towards an investment path that not only meets your expectations but also enhances your financial growth potential.

Criteria Tiger Brokers Kilde
Potential Profitability Offers access to a broad range of assets like stocks (E.g. AAPL: 40% YTD returns),
ETFs (E.g. SPY: 12% YTD returns), and options, with variable returns based on market performance.
Provides access to private credit deals, boasting higher potential returns up to 13.5% annually.
Risks Involves standard market risks associated with stocks, ETFs, and options trading,
as well as potential impact of fees on returns.
Offers senior secured loans with a 0.0% default rate, suggesting lower risk associated with investments.
Reliability A regulated broker providing a secure trading environment with a focus on retail investors. Licensed by the Monetary Authority of Singapore, offering a platform for individual and institutional investors.

As you navigate the investment landscape, consider the unique offerings of Kilde. With competitive potential returns, a strong track record of security in investments, and licensing by the Monetary Authority of Singapore, Kilde stands out as an attractive platform for both individual and institutional investors.

We invite you to explore Kilde further and discover how it can enhance your investment portfolio and help you achieve your financial aspirations.

Read more about the SPY fund in our article "SPY vs VOO: Are there any differences?".

Read also:

  1. Moomoo
  2. Tiger Brokers
  3. StashAway
  4. Syfe
  5. Endowus


  1. finance.yahoo.com/quote/AAPL
  2. finance.yahoo.com/quote/SPY
  3. www.tigerbrokers.com.sg
  4. www.hkex.com.hk/Products/Listed-Derivatives/Single-Stock/Stock-Options

KILDE PTE LTD (“Kilde”) is incorporated in Singapore (registration no. 201929587K) is licenced and regulated by the Monetary Authority Singapore and holds a Capital Markets Services Licence (CMS101016) and an Exempted Financial Advisor License under the Financial Adviser Act. The information provided in this marketing material is intended for “accredited investors” and “institutional investors” (collectively “qualified persons”) only. This marketing material, and any information in this marketing material, or any documentation that Kilde provides in relation to this marketing material is provided without any representation or any kind of warranties whatsoever (whether express or implied by law).

This advertisement has not been reviewed by the Monetary Authority of Singapore.

The views expressed in this blog post are solely my personal opinions and do not constitute professional financial advice. I am simply sharing my opinions with no guarantee of accuracy or completeness. No reader should make decisions based solely on the contents of this blog post. Readers should consult their own financial advisor before making any investment decisions. Neither the author of this blog post, Kilde, nor its employees will be held liable for any financial losses or damages that may result from the use of the information contained herein. Investing contains risks, including total loss of capital. Past performance does not guarantee future returns. Please conduct your own research before investing.

Oleg Kryukovskiy
The founder & co-CEO of KILDE

Join Kilde and find out how you can start earning up to 13.5% annual returns

Join us →
Oleg Kryukovskiy
The founder & co-CEO of KILDE


For whom is Tiger Brokers best for?

Tiger Brokers is ideal for both novice and experienced investors looking for low commission rates and access to multiple global markets.

How does Tiger Brokers compare to other online brokers in Singapore?

Tiger Brokers stands out for its low fees, diverse investment options, and ease of use compared to other online brokers in Singapore.

What kinds of investments can I make with Tiger Brokers?

Investors can trade Stocks, ETFs, Options, and Futures across various international markets through Tiger Brokers.

How do I get started with Tiger Brokers?

Starting with Tiger Brokers involves creating an account, completing the KYC process, and then funding your account to begin trading.

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