TIGER BROKERS
Pros and Cons
Pros
- Regulated by SFC in Hong Kong and FMA in New Zealand
- Diverse trading instruments: stocks, ETFs, futures, options
- Proprietary trading platform: Tiger Trade
- No minimum deposit requirement for accounts
- Competitive commission structure with low trading fees
Cons
- Not regulated in major jurisdictions like the US
- Limited trading instruments compared to larger brokers
- Proprietary platform lacks advanced trading tools
- Educational resources are minimal for new traders
- High spreads on certain asset classes
Basic Information
User Reviews
TIGER BROKERS Overview
Tiger Brokers, founded in 2014, is a dynamic online brokerage headquartered in Singapore. The firm operates under the regulatory oversight of the Securities and Futures Commission (SFC) in Hong Kong, holding license number BMU940. With a reputation for transparency and adherence to regulatory guidelines, Tiger Brokers has established itself as a credible player in the forex and multi-asset trading sectors, catering to traders across various global markets.
Is TIGER BROKERS Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Securities and Futures Commission (SFC) | Hong Kong | Segregated Client Funds, Investor Compensation Scheme |
| Financial Markets Authority (FMA) | New Zealand | Segregated Client Funds |
Is TIGER BROKERS Regulated and How Are Client Funds Protected?
Tiger Brokers is a regulated brokerage firm operating under the oversight of the Securities and Futures Commission (SFC) in Hong Kong and the Financial Markets Authority (FMA) in New Zealand. This regulatory status ensures that the broker adheres to stringent compliance and operational standards, providing a level of safety for investors. Client funds are protected through mechanisms such as segregated accounts, which help to safeguard traders’ money by keeping it separate from the broker’s operational funds. Additionally, the investor compensation schemes in place offer further assurance to clients in case of broker insolvency. With a solid regulatory framework and robust fund protection measures, Tiger Brokers can be considered a safe choice for traders looking to invest in global markets.
Trading Products and Services
What trading instruments does TIGER BROKERS offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, AUD/USD | Many |
| Commodities | Gold, Silver, Crude Oil, Natural Gas | Many |
| Indices | S&P 500, NASDAQ, FTSE 100, DAX | Many |
| Stocks | Apple, Tesla, BP, Vodafone | 100+ |
| Cryptocurrencies | BTC, ETH, XRP, LTC | Many |
TIGER BROKERS offers a diverse range of trading instruments across multiple asset categories, including Forex, commodities, indices, stocks, and cryptocurrencies. This extensive product lineup caters to a variety of traders, from beginners looking to gain exposure to the markets to seasoned professionals seeking sophisticated trading strategies. With the inclusion of major Forex pairs and a wide selection of commodities and indices, traders can effectively diversify their portfolios and adapt to changing market conditions. The platform’s commitment to providing a comprehensive suite of investment tools supports flexible trading strategies, making it a valuable resource for anyone looking to engage in the financial markets.
Account Types and Trading Conditions
What Account Types and Fees Does TIGER BROKERS Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and experienced traders | No minimum deposit, access to various trading instruments | Suitable for personal trading with flexible upgrade options |
| Professional Account | Experienced and institutional traders | Higher leverage, low spreads, advanced trading tools | Requires verification of trading volume and experience |
| Corporate Account | Corporate clients and institutions | Custom services, dedicated account manager, higher trading limits | Requires corporate documentation and compliance verification |
| Islamic Account | Traders seeking Sharia-compliant trading | Swap-free trading conditions | Requires application and compliance with Islamic finance principles |
| Demo Account | New traders and those looking to practice | Access to virtual funds and real market conditions | No deposit required, ideal for practice before live trading |
Account Opening Process
To open an account with TIGER BROKERS, prospective clients need to follow a straightforward process that includes submitting personal, employment, and financial information. Applicants are required to verify their identity by providing government-issued ID and proof of address. The brokerage allows flexibility for clients to upgrade from a cash account to a professional account later, providing opportunities for traders to scale their activities as they gain experience.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for major pairs |
| Forex (GBP/USD) | 1.0 | $0 (ECN: $3.5/lot) | Competitive rates for major pairs |
| CFDs (Stocks, US) | 0.03% x trade value | $0.005 per share | Low commissions for stocks |
| CFDs (Indices) | from 0.99 | $0.99 per contract | Varies by index |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on volatility |
Other Fees
TIGER BROKERS has several additional costs that clients should be aware of, including:
– Deposit/Withdrawal Fees: No fees for deposits or withdrawals; however, third-party bank charges may apply.
– Inactivity Fees: Fees may be charged if an account is inactive for a certain period.
– Platform Usage Fees: No additional fees for using the Tiger Trade platform.
– Overnight Interest (Swap Rates): Applicable for positions held overnight, depending on the asset class.
– Currency Conversion Fees: May apply for accounts operating in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does TIGER BROKERS Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4/MT5 | Windows, macOS | 2FA, symbol lookup, multiple order types, technical indicators | Demo accounts, API interface |
| Web Version | Any device with internet access | Encryption, price alerts, charting tools | Demo accounts |
| Mobile App | iOS, Android | Biometrics, push notifications, one-click trading | Demo accounts, support for live trading |
The MT4/MT5 platforms are robust and well-suited for advanced traders, featuring extensive tools for technical analysis and automated trading. The web version offers flexibility for traders who prefer not to download software, while the mobile app ensures convenient trading on the go, with secure logins and real-time alerts. Each platform emphasizes security and efficiency, providing traders with essential tools for effective market engagement.
TIGER BROKERS supports mobile trading, ensuring users can execute trades and receive alerts at any time. With a focus on secure login methods and fast order execution, traders can manage their investments effectively across various devices.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Credit/Debit Card | Instant | No platform fee, 2% card charge | Min 50, Max 10k/day | USD, SGD, AUD |
| GrabPay | Instant | No fees for deposits | Min 20, Max 5k/day | USD, SGD |
| SEPA Transfer | 1–3 days | No platform fee | Min 100, Max 20k/day | EUR |
| PayPal | Instant | 1.5% transaction fee | Min 50, Max 10k/day | USD, AUD |
| SPEI | Instant | No fees for deposits | Min 200, Max 15k/day | MXN |
Minimum Deposit
TIGER BROKERS requires a minimum deposit of $50 to open an account. This amount may vary depending on the payment method used; for example, the minimum for GrabPay is $20, while SEPA transfer requires a minimum of €100.
How to Withdraw
- Log in to your TIGER BROKERS account.
- Navigate to the ‘Withdrawal’ section in the account menu.
- Select your preferred withdrawal method from the available options.
- Enter the amount you wish to withdraw, ensuring it meets the minimum and maximum limits.
- Confirm your withdrawal request and provide any required verification.
- Wait for the processing time to complete; you will receive a notification once your withdrawal is processed.
Customer Support
TIGER BROKERS Customer Support Overview
Support Channels
TIGER BROKERS offers multiple contact methods to ensure customer support is accessible and efficient. Clients can reach out via:
- Email: You can contact customer service through service@tigerbrokers.com.
- Live Chat: Available directly on the TIGER BROKERS website or within the Tiger Trade app, providing instant assistance.
- Telephone: Customers can call support lines specific to their region:
- China: +86 400 603 7555
- New Zealand: +64 93938128
- Singapore: +65 6950 0591 & +65 6331 2277
- Social Media: Reach out through TIGER BROKERS’ official social media channels for updates and quick inquiries.
Service Availability
The customer support team is available Monday to Friday from 08:30 to 18:30 GMT. Multilingual support is provided, catering to a diverse clientele with services available in English and Mandarin.
Additional Resources
In addition to direct support, TIGER BROKERS provides a range of educational resources to assist customers:
- Video tutorials explaining platform features and trading strategies.
- Webinars covering market analysis and trading tips.
- Regular market analysis and insights to keep clients informed.
- Trading signals to assist clients in making informed trading decisions.
Overall, TIGER BROKERS is committed to delivering high-quality support and service to enhance the trading experience for its customers.
Frequently Asked Questions
Yes, Tiger Brokers is regulated in Hong Kong by the SFC (Securities and Futures Commission) and holds a license for trading futures contracts. Additionally, it is registered with the FMA in New Zealand. However, it is important to note that some regulatory claims may be unverified, so clients should conduct their own due diligence.
Tiger Brokers offers competitive trading conditions, including a variety of asset classes such as stocks, ETFs, options, and futures across multiple global markets. The brokerage provides leverage of up to 1:4 for intraday trading and has no minimum deposit requirement, making it accessible for new investors.
Tiger Brokers prioritizes the security of client funds by maintaining segregated accounts, which means client funds are kept separate from the company’s operational funds. Additionally, the firm complies with regulatory standards designed to protect investors, though clients should remain aware of the risks associated with trading.
Tiger Brokers provides a user-friendly trading platform called Tiger Trade, which is designed for both desktop and mobile use. Users report a smooth trading experience with features catering to various trading strategies. Customer support is also available via email and live chat to assist with any queries.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.