Score

1.54 /10
Danger

TIGER BROKERS

New Zealand

5-10 years

Suspicious Regulatory License

Suspicious Overrun

High potential risk

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Regulatory Index0.00

Business Index7.24

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
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VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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1G

40G

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MY SCM
2020-01-01
INVESTOR ALERT LIST
TIGER BROKERS
Tiger Brokers

Broker Information

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Company Name

Top Capital Partners Limited

Company Abbreviation

TIGER BROKERS

Platform registered country and region

New Zealand

Company website

Company summary

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Warning: Low score, please stay away! 5
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The New ZealandFSPR regulation (license number: 473106) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

TIGER BROKERS · Company summary

BASIC INFORMATION:

Tiger Brokers is a multi-asset online brokerage, providing opportunities across a range of securities in global securities markets and currencies. This includes stock/equities in the US, Hong Kong, Singapore and Australia, such as Gamestop(GME), as well as futures, options, funds and more. Tiger Brokers was founded in 2014 and is now an established brokerage with licensed entities across the globe. The firm has office presence in Singapore, Auckland (NZ), New York and more, with nearly 1000 employees.

REGULATORY INFROMATION: LICENSE

Tiger Brokers is not subject to any regulation.

MARKET

The broker offers clients investing and trading opportunities in the following global markets:

· Australia: Stocks

· China: A-Shares (HKEX Northbound Trading)

· USA: Stocks, ETFs, Stock Options, Futures, OTC

· Singapore: Stocks, ETFs, Rights Issue, Futures, REITs, DLCs

· Hong Kong: Stocks, Warrants, Stock Options, CBBCs, Futures

SPREADS & COMMISSIONS

Commissions and fees vary by market and asset class and are highly competitive vs other leading brokers. See the full commission breakdown below:

Stocks And ETFs

· China A-Shares – 0.03% x trade value

· Australian Stocks – 0.03% x trade value

· Hong Kong Stocks – 0.03% x trade value

· US Stocks and ETFs – from $0.005 per share

· Singapore Stocks, ETFs, REITs and DLCs – 0.04% x trade value

Options, Warrants and CBBCs

· US Stock Options – from $0.65 per contract

· Hong Kong Stock Options – from 0.2% x trade value

· Hong Kong Warrants and CBBCs – 0.03% x trade value

Futures

· Equity Futures – $8 per contract

· Treasury Futures – $1.99 per contract

· Forex Futures – from $1.99 for major pairs, commission-free for micro pairs

· Index Futures – vary by index, from $0.99 per contract, including China A50 Index

· Energy Futures – vary by energy, from $0.99 per contract, including e-mini crude oil

· Agriculture Futures – vary by product, from $0.99 per contract, including corn and wheat

· Metals Futures – vary by metal, from $0.99 per contract for Micro Gold, average $1.99, including Gold and Silver

Additional platform fees, regulatory board charges and trading fees, including stamp duty, clearing, and settlement charges may apply.

LEVERAGE

Tiger Brokers offers leverage opportunities for traders with a margin account. Leverage rates vary with the type of trade being executed; up to 1:4 leverage can be acquired for intraday trading, whereas overnight trades and GTC orders are limited to 1:2.

ACCOUNT TYPES

There are two account types available to Tiger Brokers retail clients; margin accounts and cash accounts. Similarities between the accounts include no minimum deposit requirements and no limits on the number of orders or frequency of trades. The brokerage allows clients to upgrade from a cash account to a margin account free of charge.

Margin Account

· Access to all products

· Minimum trade size 1 lot

· 1:4 leverage for intraday trading

· 1:2 leverage for overnight trading

Cash Account

· Minimum trade size 1 lot

· no margin or short selling

· Some products, including futures and options, may not be trade.

DEPOSITS & WITHDRAWALS

Tiger Brokers does not have a minimum deposit requirement, which is ideal for new investors and those without much capital to put down. The brokerage accepts several payment methods for live account deposits in five currencies; USD, EUR, SGD, HKD and AUD:

Singapore Bank Accounts:

· Direct Debit Authentication – SGD only, processing time a matter of minutes, no fees, sending bank DBS/POSB

· DBS/POSB Bank Transfer – all currencies, SGD processing time 15+ minutes, other currencies 1-2 business days, no fees

· Non-DBS/POSB Bank Transfer – all currencies, SGD processing time 15+ minutes, other currencies 1-3 business days, fees vary by currency, ~ USD 25

Non-Singapore Bank Account:

· Telegraphic Transfer – any bank, 1–3-day processing time, charges dependent on sending bank

Withdrawals

Tiger Brokers does not charge withdrawal fees; however, third-party bank charges may apply. Similar to deposits, withdrawal methods vary by receiving bank and currency:

Singapore Bank Accounts:

DBS/POSB Bank Transfer – all currencies, 1-3 business days, no fees

Non-DBS/POSB Bank Transfer – all currencies, 1-3 business days, fees vary by currency, ~ USD 25, intermediary bank fees apply

Non-Singapore Bank Accounts:

Telegraphic Transfer – any bank, 1–3-day processing time, fees vary by currency, ~ USD 25, intermediary bank fees apply

DEMO ACCOUNT

Tiger Brokers offer a paper trading, or practice, account.

TRADING PLATFORMS

· The broker offers a proprietary platform terminal called Tiger Trade.

TRADING HOURS

Tiger Brokers follows standard office hours and supports 24-hour trading Monday through Friday. However, these timings will vary with the instrument type being traded. For example, stock exchanges have specific opening times, whereas forex can be traded 24/5.

Customer Support

Tiger Brokers offers the below customer contact options, available Monday to Friday, 08:30 – 18:30 GMT:

· Email: service@tigerbrokers.com.sg

· China Telephone: +86 400 603 7555

· New Zealand Telephone: +64 93938128

· Singapore Telephone: +65 6950 0591 & +65 6331 2277

· Live Chat: logo on right side of all webpages or within Tiger Trade app

· Address: #29-04, Singapore Land Tower, 50 Raffles Place, Singapore 048623

ACCEPTED COUNTRIES

Tiger Brokers accepts traders from Australia, Thailand, Canada, United States, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

News

NewsTiger Brokers’ retail trading firm opened its offices in Singapore

Tiger Fund Management (TFM), a subsidiary of Tiger Brokers (Singapore) retail trading company, has officially started its operations in Singapore after receiving its Capital Market Services, Fund Management license from the Monetary Authority of Singapore (MAS)

WikiFX
2023-09-15 19:16
Tiger Brokers’ retail trading firm opened its offices in Singapore

ExposureTiger Brokers Fined $900,000 Over Breaches of AML/CFT Act in New Zealand

Tiger Brokers (NZ) faces a $900,000 fine from Auckland High Court for breaching AML/CFT Act, impacting New Zealand's financial system.

WikiFX
2023-06-29 16:06
Tiger Brokers Fined $900,000 Over Breaches of AML/CFT Act in New Zealand

NewsTiger Brokers introduces TigerGPT, the first AI investing assistant in the market

TigerGPT, a text-generating AI chatbot developed among Tiger Brokers' vast internet services is introduced as the first deployment of AI investment assistant in the industry

WikiFX
2023-04-12 19:29
Tiger Brokers introduces TigerGPT, the first AI investing assistant in the market

NewsTiger Brokers (Singapore) Was Awarded “ASIA’S MOST INNOVATIVE COMPANY”

Through 3 months’ nomination and selection, Fortune Times, a Chinese business magazine in Singapore, held the hybrid award ceremony for the 7th Annual Fortune Times Awards on 25 November 2021 at Distrii Singapore. Tiger Brokers (Singapore) has been awarded the “ASIA’S MOST INNOVATIVE COMPANY” at the 2021 Fortune Times Awards Ceremony.

WikiFX
2021-12-07 11:44
Tiger Brokers (Singapore) Was Awarded “ASIA’S MOST INNOVATIVE COMPANY”

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中国狙击
more than one year
I have been trying to withdraw for over a month but still haven't been allowing me to. I have even lost count of how many times I keep calling the support team.
I have been trying to withdraw for over a month but still haven't been allowing me to. I have even lost count of how many times I keep calling the support team.
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2023-02-17 11:32
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