Tiger Brokers

What is Tiger Brokers？

　　Tiger Brokers is an online brokerage firm possibly providing services related to financial trading and investments. They operate under several global financial regulatory authorities including FINRA, ASIC, SFC, SEC, and MAS. They offer a wide variety of tradable securities such as HK/US Stocks & ETFs, US Fractional Shares, US Options, IPOs, and others with competitive margin and leverage ratios.

　　They also offer a structured and competitive commission and fee system. The company provides trading platforms for iOS, Android, Mac and Windows and includes various trading tools. They have a dedicated customer service and an extensive and user-friendly educational hub.

　　For more detailed information, you can visit their official website: https://www.tigerbrokers.com.hk/or contact their customer service directly.

Pros & Cons

• 　　Wide Range of Securities: Tiger Brokers offers a comprehensive range of securities that includes HK Stocks & ETFs, over 30,000 US Stocks & ETFs, US Fractional Shares, US Options, Futures, IPOs and more.

• 　　Competitive Fees and Commissions: Tiger Brokers offers competitive fees and commissions. For example, they do not charge a commission or platform fee for HK Stocks & ETFs.

• 　　User-Friendly: Tiger Brokers provides a user-friendly interface that is easy to navigate, making it suitable even for beginners.

• 　　Excellent Educational Resources: They provide a comprehensive help center and plenty of educational resources to help clients enhance their trading knowledge.

Pros	Cons
Wide Range of Securities	Focus on Asian Markets
Competitive Fees and Commissions	Limited Customer Service Hours
User-Friendly
Excellent Educational Resources

• Cons:

• 　　Focus on Asian Markets: While Tiger Brokers does allow trading in U.S. and global securities, their offerings are most robust in Asian markets, which may or may not align with a given trader's interests or expertise.

• 　　Customer Service Hours: Their customer service hours are largely catered to Asian time zones, which may be an inconvenience for some users based in other time zones.

Regulatory Status

　　Tiger Brokers operates under the regulatory jurisdiction of several prominent global financial authorities.

　　In the United States, it is regulated by The Financial Industry Regulatory Authority (FINRA) under license No. CRD#: 120583/SEC#: 8-65324.



　　Furthermore, it holds a license (No. 300767) from the Australia Securities & Investment Commission (ASIC).



　　The firm also operates under the oversight of the Securities and Futures Commission of Hongkong (SFC), where it holds a license No. BMU940.



　　In addition, the U.S. Securities and Exchange Commission (SEC) has also granted Tiger Brokers the license No. CRD # 285915/SEC#: 801-114105.



　　Furthermore, it is regulated by the Monetary Authority of Singapore (MAS).



　　This extensive regulatory background indicates Tiger Brokers' commitment to adhering to the highest standards of financial operations, providing a reliable trading environment for its clients.

Tradable Securities

　　Tiger Brokers provides a broad spectrum of tradable securities for its clients. Included in their offering are Hong Kong Stocks & ETFs and an expansive catalogue of over 31,000 U.S. Stocks & ETFs. They also provide access to U.S. Fractional Shares, enabling clients to invest in high-valued stocks with less capital.

　　Clients interested in derivatives can take advantage of their U.S. Options, and for those looking for commodity trades or hedging opportunities, Tiger Brokers provides Futures. Additionally, secure investment options such as the Tiger Vault and U.S. Treasury bonds are available. For individuals looking at company equity, there's also an opportunity to invest in Initial Public Offerings (IPOs).



Leverage & Margin

　　Tiger Brokers offers its clients competitive leverage ratios and margin rates.

　　On stocks, the firm provides leverage up to 1:5, allowing clients to potentially increase their exposure to the market and possibly enhance their potential gains. For Initial Public Offerings (IPOs), the leverage ratio is even higher, going up to 1:20.



　　In terms of margin rates, Tiger Brokers charges an annual interest rate of 6.8% for Hong Kong Dollar (HKD) and 4.8% for US Dollars (USD).



　　Remember that while leverage can increase profits, it can also amplify losses. Customers are advised to understand the implications fully before engaging in margin trading.

Commissions & Fees

　　Tiger Brokers has a structured and competitive commission and fee system.

　　For HK Stocks & ETFs, they offer a 0 commission, 0 platform fee arrangement, ensuring cost-effective trading for these assets. For trading in US Stocks & ETFs, the platform charges a commission of $0.0049 per share with a minimum of $0.99 per order, in addition to a platform fee of $0.005 per share with a minimum of $1 per order.



　　For US Options, no commission is charged. The firm also enables clients to start investing in US Fractional Shares with as little as $1. Further, there are no subscription fees or financing interest for IPOs.



　　More specific fee structures can be found on their official website through the provided link: https://www.tigerbrokers.com.hk/commissions/fees/futures？_sasdk=dMThmMTM2NDgxNWJmNjItMDQ1NGU5NzQ4NDUxYzA0LTRjNjU3YjU4LTEyOTYwMDAtMThmMTM2NDgxNWMxYjk4or the attached screenshot.



Platforms & Tools

　　Tiger Brokers ensures flexibility for its users by offering trading platforms compatible across various operating systems including iOS, Android, Mac, and Windows. This allows clients to manage their investments conveniently from almost any device.



　　To enhance trading experience and efficacy, Tiger Brokers also equips its platform with a suite of practical trading tools. These include block orders, enabling traders to place large orders; prices & volumes tool for a comprehensive market overview; position cost to keep track of investments, and large pending order detection. It also features an order book for depth of market information and capital flow analysis tool for understanding market movements. These professional-grade tools contribute to making trading decisions more informed and strategic.



Education

　　Tiger Brokers certainly places importance on client education, as evidenced by their comprehensive help center. This primarily serves as an educational resource where clients can actively learn trading-related concepts and obtain answers for their questions. It's practically designed with a search function for direct queries and a categorization feature enabling users to navigate through specific fields of interest.



Customer Service

　　Tiger Brokers believes in providing ample support to its clientele and therefore offers multiple contact channels. You can reach them through phone during weekdays from 9:30 AM to 6:30 PM HKT at +852 2127 0666. For written communication, their email is hk-gcs@tigerbrokers.com.hk.

　　An additional mode of contact is their online chat, that operates from 9:30 AM to 5:00 AM (next day) HKT during weekdays, catering to clients' needs almost around the clock.



　　Their physical location is listed at 1/F, 308 Central Des Voeux, 308 Des Voeux Road Central, Hong Kong. These numerous avenues for customer interaction demonstrate Tiger Brokers' dedication to providing effective customer service.

Conclusion

　　In conclusion, Tiger Brokers serves as a compelling choice for investors looking for extensive investment options, robust trading platforms, and excellent customer service. The firm is heavily regulated by top-tier international authorities, ensuring a secure trading environment for its clients. It offers a diverse range of tradable securities, competitive margin and leverage ratios, alongside comprehensive trading tools, make it a compelling choice for both experienced and novice traders.

　　Despite drawbacks like Tiger Brokers' primary focus on Asian markets, and customer service hours mainly fitted to Asian time zones, it's undeniable that the pros dramatically outweigh the cons. With great customer service and a robust educational hub, Tiger Brokers undeniably stands out as a prominent contender in the brokerage landscape.

Frequently Asked Questions (FAQs)

Question 1:	Is Tiger Brokers regulated by any financial authority？
Answer 1:	Yes, it is regulated by FINRA, ASIC, SFC, SEC, and MAS.

Question 2:	What types of securities can I invest in with Tiger Brokers？
Answer 2:	Tiger Brokers offer a wide variety of securities such as HK/US Stocks & ETFs, US Fractional Shares, US Options, Futures, IPOs and more.

Question 3:	What are margin rates offered by Tiger Brokers？
Answer 3:	The annual interest rate for margin trading is 6.8% for HKD and 4.8% for USD.

Question 4:	Is the cost of using Tiger Brokers high？
Answer 4:	The cost of using Tiger Brokers can vary depending on the types of trades you're doing and the volume of your trades. They offer competitive commissions and fees. For example, no commission or platform fee is charged for HK Stocks & ETFs. For US Stocks & ETFs, the platform fee is $0.005 per share and the commission is $0.0049 per share.

Question 5:	Is Tiger Brokers suitable for beginners？
Answer 5:	Yes, Tiger Brokers is designed to be user-friendly and they offer a comprehensive help center and robust educational resources for beginners to learn about trading.

Risk Warning

　　Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.