Are you interested in investing in the stock market but don’t know where to start? Tiger Brokers is an online brokerage platform that offers easy access to global markets, including Singapore, USA, Hong Kong, China, Australia and New Zealand. This guide will help you get started with Tiger Brokers in Singapore and provide you with all the necessary information to start investing.
Getting started with Tiger Brokers is easy. The first step is to create an account and ensure that you have sufficient funds to trade. You can check your account balance by clicking the “Asset” on the left vertical bar. Funds of all currencies show up in a tiny display, and you can invest up to the balances in your Tiger Brokers account.
Once you have created an account and funded it, you can start investing in stocks, ETFs, REITs, options, warrants, futures, funds and more on Tiger’s platform.
Key Takeaways
- Tiger Brokers is an online brokerage platform that offers easy access to global markets.
- Creating an account and funding it is the first step to start investing with Tiger Brokers.
- With Tiger Brokers, you can invest in a variety of financial products, including stocks, ETFs, REITs, options, warrants, futures, funds and more.
Tiger Brokers in Singapore: Getting Started
If you’re looking for a reliable online brokerage firm with access to multiple markets, then Tiger Brokers is the right choice for you. Here’s a quick guide to help you get started.
Overview of Tiger Brokers
Tiger Brokers is a NASDAQ-listed online brokerage firm that offers access to multiple markets, including the Singapore Exchange (SGX), Hong Kong, US, Australia, and China stocks. With Tiger Brokers, you can trade stocks, options, futures, and ETFs.
Account Opening Process
To start trading with Tiger Brokers, you need to open an account. The process is simple and straightforward. You can open an account using your SingPass and MyInfo. Here’s how:
- Visit the Tiger Brokers website and click on “Open Account.”
- Enter your personal details, including your name, NRIC, and contact information.
- Verify your identity using SingPass and MyInfo.
- Submit your application and wait for approval.
Once your account is approved, you can fund it using multiple payment methods, including bank transfer, PayNow, and FAST transfer.
Understanding Tiger Trade and Mobile App
Tiger Brokers offers two trading platforms, Tiger Trade and a mobile app. Tiger Trade is a web-based platform that offers advanced trading tools and features, including real-time quotes, charting tools, and technical analysis. The mobile app is available for both iOS and Android and offers a user-friendly interface with essential trading features.
To start trading on Tiger Trade or the mobile app, you need to log in to your account and fund it. Once you have sufficient funds, you can start trading by placing orders for stocks, options, futures, and ETFs.
In conclusion, Tiger Brokers is an excellent choice for investors looking for an online brokerage firm with access to multiple markets. The account opening process is simple, and the trading platforms are user-friendly, making it easy for you to start trading.
Investing with Tiger Brokers
If you’re looking to invest in a range of markets and assets, Tiger Brokers is a great choice. With access to Singapore, US, Australia, Hong Kong, and China stocks, as well as ETFs, options, warrants, and futures, you’ll be able to build a diverse investment portfolio.
Available Markets and Assets
Tiger Brokers offers a wide range of investment options, including Singapore stocks, US stocks, Australia stocks, Hong Kong stocks, and China stocks. You can also trade on the SGX and NASDAQ.
Commission and Fees Structure
Tiger Brokers has a competitive commission and fees structure, making it an affordable option for investors. You’ll pay a commission of 0.08% for Singapore stocks and 0.06% for US stocks. There are no custody fees, and you’ll only pay a small fee for currency exchange.
Using the Interface for Trading
Tiger Brokers has a user-friendly interface that makes it easy to trade. You can use the mobile app or desktop platform to place trades, view your portfolio, and monitor the markets. The platform also offers real-time market data and research tools to help you make informed investment decisions.
Overall, Tiger Brokers is a great choice for investors looking to trade a range of markets and assets. With a competitive commission and fees structure and a user-friendly interface, it’s an affordable and convenient option.
Tiger Brokers in Singapore: Funding and Currency Exchange
Investing with Tiger Brokers is easy and convenient. The platform offers a simple and hassle-free way to deposit funds and exchange currencies. In this section, we will discuss the funding and currency exchange mechanism on Tiger Brokers.
Depositing Funds into Your Account
To start investing with Tiger Brokers, you need to deposit funds into your account. The platform offers several funding options, including bank transfer, FAST transfer, and PayNow. The minimum deposit amount is SGD 1,000, and there are no deposit fees.
To deposit funds into your account, log in to your Tiger Brokers account and navigate to the “Account” tab. Click on “Deposit” and select your preferred funding method. Follow the instructions to complete the deposit process. Once your funds are credited to your account, you can start trading on the platform.
Currency Exchange Mechanism
Tiger Brokers also offers a currency exchange mechanism that allows you to exchange currencies at competitive rates. The platform supports multiple currencies, including SGD, USD, HKD, and CNY.
To exchange currencies, navigate to the “Portfolio” tab and click on “Currency Conversion.” Select the currency you want to exchange and enter the amount. The platform will display the exchange rate and the amount you will receive in the converted currency. Click on “Exchange” to complete the transaction.
Tiger Brokers also offers a DDA (Direct Debit Authorisation) Fast Deposit feature that allows you to deposit funds and exchange currencies in real-time. With DDA Fast Deposit, you can deposit funds and exchange currencies instantly without any manual intervention.
In conclusion, Tiger Brokers provides a convenient and reliable platform for funding and currency exchange. With multiple funding options and a simple currency exchange mechanism, you can easily manage your investments and trade with confidence.
Promotions and Rewards
Are you looking for exciting promotions and rewards when you sign up with Tiger Brokers? You’re in luck! Tiger Brokers offers a range of promotions and rewards that you can take advantage of. Let’s explore some of these below.
Exploring Sign-Up Promotions
Tiger Brokers offers a range of sign-up promotions for new users. For example, you can receive a free stock voucher worth up to SGD 200 when you sign up and make an initial deposit of SGD 2,000 or more. You can also earn Tiger Coins, which can be used to redeem free trades, when you sign up and complete certain actions, such as verifying your account or making your first trade.
Earning and Redeeming Tiger Coins
Tiger Coins are a unique feature of Tiger Brokers that allow you to earn rewards for your trading activity. You can earn Tiger Coins by completing various actions, such as making trades or referring friends to the platform. You can then redeem your Tiger Coins for a range of rewards, such as free trades or gifts.
To earn Tiger Coins, simply log in to your Tiger Brokers account and check out the “Rewards” section. Here, you’ll find a range of activities that you can complete to earn Tiger Coins. Once you’ve earned enough Tiger Coins, you can then redeem them for rewards.
In conclusion, Tiger Brokers offers a range of exciting promotions and rewards that you can take advantage of when you sign up. From sign-up promotions to Tiger Coins, there are plenty of ways to earn rewards and enhance your trading experience. So what are you waiting for? Sign up with Tiger Brokers today and start earning rewards!
Portfolio Management
Managing your portfolio is a crucial aspect of investing. Tiger Brokers provides a range of tools and features to help you manage your portfolio effectively.
Custody and Dividend Handling
Tiger Brokers acts as a custodian for your securities, which means that they hold your assets on your behalf. This ensures that your assets are safe and secure. In addition, Tiger Brokers handles dividend payments on your behalf, so you don’t have to worry about missing any payments.
Margin Accounts and Leverage
Margin accounts allow you to borrow money from Tiger Brokers to invest in the market. This can increase your buying power and potentially increase your returns. However, it is important to remember that margin trading involves higher risks, and you could end up losing more than your initial investment.
Tiger Brokers offers a range of leverage ratios, which allow you to amplify your gains or losses. It is important to use leverage responsibly and to understand the risks involved.
Whether you are investing in REITs, equities, or other assets, Tiger Brokers provides a range of investment strategies to suit your needs. With access to global markets, you can diversify your portfolio and take advantage of opportunities around the world.
In summary, Tiger Brokers offers a range of tools and features to help you manage your portfolio effectively. With custody and dividend handling, margin accounts, and a range of investment strategies, you can take control of your investments and potentially increase your returns.
Regulatory and Security Aspects
When it comes to investing your hard-earned money, security and regulatory compliance are of utmost importance. Tiger Brokers (Singapore) Pte Ltd (“TBSPL”) is licensed by the Monetary Authority of Singapore (“MAS”) under the Securities and Futures Act (“SFA”). This means that the company is regulated by the MAS and is required to follow strict guidelines to ensure the safety of your investments.
Understanding Regulatory Framework
Tiger Brokers is committed to complying with all relevant regulations and guidelines set by the MAS. This includes ensuring that all clients’ moneys and assets are held in segregated accounts, separate from the company’s own funds. This provides an added layer of protection for your investments, as it ensures that your funds are not at risk in the event of the company’s insolvency.
In addition, Tiger Brokers is required to maintain accurate records of all transactions and to provide regular reports to the MAS. This ensures that the company is transparent in its operations and that all relevant information is available to the regulator.
Ensuring Account Security
Tiger Brokers takes the security of your account seriously. The company uses state-of-the-art technology to protect your account from unauthorized access. This includes two-factor authentication, which requires you to enter a code sent to your mobile phone in addition to your password when logging in.
Furthermore, all client data is encrypted using industry-standard encryption algorithms to ensure that your personal and financial information is protected at all times. Tiger Brokers also uses firewalls and other security measures to prevent unauthorized access to its servers.
In addition, Tiger Brokers provides a range of educational resources to help you understand the risks and benefits of investing. This includes information on the different types of investment products available, as well as guides on how to manage risk and build a diversified portfolio.
Overall, Tiger Brokers is committed to providing a safe and secure platform for investors to trade and invest in a variety of products. With its strong regulatory compliance and focus on account security, you can rest assured that your investments are in good hands.
Additional Services and Features
Tiger Brokers offers many additional services and features that make it a great choice for Singaporean investors. Here are some of the most notable ones:
Advanced Trading Platforms Comparison
Tiger Brokers provides its users with a choice of two advanced trading platforms – the Tiger Trade platform and the Web Trading platform. The Tiger Trade platform is a desktop app that offers advanced charting, real-time market data, and customizable layouts. The Web Trading platform, on the other hand, is a web-based platform that offers a simple and easy-to-use interface for trading on-the-go. Both platforms offer a range of order types, including limit orders, stop orders, and market orders, and are available for free to all Tiger Brokers users.
When compared to other trading platforms such as Interactive Brokers, Moomoo, Saxo, and TD Ameritrade, Tiger Brokers’ trading platforms are just as good, if not better. They provide all the necessary tools and features for trading, without overwhelming users with too many options.
Real-Time Market Data Access
Another great feature of Tiger Brokers is its real-time market data access. Users can access real-time quotes, charts, and news for global markets, including the US, Hong Kong, Singapore, Australia, and China. This is especially useful for active traders who need to stay up-to-date with the latest market trends and news.
Tiger Brokers also provides users with access to Level 2 market data, which shows the bid and ask prices for a particular stock. This is a valuable tool for traders who want to see the market depth and liquidity of a stock before making a trade.
Overall, Tiger Brokers provides a range of features and services that make it a great choice for Singaporean investors. Its trading platforms are advanced and customizable, while its real-time market data access is second to none. If you’re looking for a reliable and feature-rich online brokerage, Tiger Brokers is definitely worth considering.
Cost Considerations
Investing involves costs, and you need to consider these costs when using Tiger Brokers. Here are some of the cost considerations that you should keep in mind.
Understanding Platform Fees
Tiger Brokers charges a platform fee of 0.005 per share for US stocks. For Singapore stocks, ETFs, REITs, and DLCs, the platform and commission fees are only 0.03%. This means that you can trade with Tiger Brokers at a lower cost than many other brokerage platforms.
Withdrawal and Inactivity Charges
Tiger Brokers does not charge any commission fees for trades, but you should be aware of the withdrawal and inactivity charges. If you withdraw funds from your account, there may be a withdrawal fee. Additionally, if your account is inactive for a certain period of time, you may be charged an inactivity fee.
To avoid these charges, make sure to keep your account active by making trades regularly. If you need to withdraw funds, be sure to check the withdrawal fees beforehand.
Commission-Free Trades
Tiger Brokers offers commission-free trades for US stocks. This means that you can trade US stocks without paying any commission fees. This is a great way to save money on your trades.
Currency Exchange Fees
When you trade stocks on foreign exchanges, you may need to convert your currency. Tiger Brokers charges a currency exchange fee for this service. Be sure to check the currency exchange rate and the fee before making any trades.
In conclusion, Tiger Brokers offers low platform and commission fees, commission-free trades for US stocks, and a user-friendly platform. However, you should be aware of the withdrawal and inactivity charges, as well as the currency exchange fees. By keeping these costs in mind, you can make informed investment decisions with Tiger Brokers.
Market Insights and Analysis
Keeping up with Global Market Trends
Tiger Brokers provides you with access to major stock markets worldwide, including the USA, China A-shares, New Zealand, and Hong Kong markets. This means you can keep up with the latest global market trends and make informed investment decisions. By staying up-to-date with market trends, you can identify potential investment opportunities and make trades accordingly.
To help you stay on top of global market trends, Tiger Brokers offers a range of tools and resources. For example, you can use the platform’s market data and research reports to gain insights into different markets and industries. You can also set up alerts to receive notifications when certain stocks reach a certain price or when there are significant market movements.
Leveraging Insights for Singapore Stocks
In addition to providing access to global markets, Tiger Brokers also offers insights and analysis specifically for Singapore stocks. This is particularly useful if you are interested in investing in local companies or if you want to keep up with the latest developments in the Singapore market.
Tiger Brokers’ research reports cover a range of topics, including market trends, company news, and analysis of individual stocks. You can use these reports to gain a deeper understanding of the Singapore market and identify potential investment opportunities.
Furthermore, Tiger Brokers’ platform allows you to create custom watchlists for Singapore stocks. This means you can keep track of your favourite stocks and monitor their performance over time. You can also use the platform’s charting tools to visualise the performance of different stocks and identify patterns or trends.
Overall, Tiger Brokers provides you with the tools and resources you need to stay on top of global market trends and make informed investment decisions. By leveraging insights and analysis for both global and Singapore stocks, you can identify potential investment opportunities and make trades with confidence.
Frequently Asked Questions
What thrilling opportunities await with Tiger Brokers promotions?
Tiger Brokers offers incredible promotions that can help you boost your investment portfolio. For example, they offer a zero-commission promotion for US stocks, which means you can trade without paying any commission fees. Additionally, they offer a referral program that rewards you with exciting prizes when you refer friends to join Tiger Brokers. Keep an eye out for their latest promotions, which are updated regularly on their website.
How can you confidently begin trading on Tiger Brokers?
Tiger Brokers provides a user-friendly platform that makes it easy for you to start trading. To begin, you need to create an account on their website and complete the verification process. Once your account is verified, you can fund it using various payment methods such as bank transfer, PayNow or credit card. After that, you can start trading on their platform, which offers a range of securities such as stocks, ETFs, REITs, and DLCs.
What’s the minimum deposit to jump-start your investment journey with Tiger Brokers?
Tiger Brokers does not have a minimum deposit requirement, which means you can start investing with any amount you are comfortable with. However, keep in mind that you need to have sufficient funds to cover the transaction fees and the minimum trading lot size for each security.
Are your investments under the secure umbrella of Tiger Brokers insurance?
Yes, your investments with Tiger Brokers are protected under the Securities Investor Protection Corporation (SIPC) insurance, which covers up to $500,000 in case of broker-dealer failure. Additionally, Tiger Brokers also has an insurance policy that covers up to SGD 25 million per client in case of fraud or negligence by the firm.
In what ways does the Monetary Authority of Singapore regulate Tiger Brokers?
Tiger Brokers is regulated by the Monetary Authority of Singapore (MAS), which ensures that the firm complies with all the necessary regulations and guidelines. MAS also conducts regular audits and inspections to ensure that Tiger Brokers maintains a high standard of service and security for its clients.
How can you avoid the inactivity fee and keep your Tiger Brokers account active?
To avoid the inactivity fee, you need to ensure that you make at least one trade every six months. This can be any trade, regardless of the amount or security. If you fail to make a trade within six months, Tiger Brokers will charge you a fee of SGD 2 per month until you make a trade or your account balance reaches zero.
