Tiger Brokers Review and Referral Promotion

Start your investment journey here with Tiger Brokers!

Promotion Period: 08/04/2022 - 01/07/2022 (SGT)

Receive welcome gifts when performing the following activities with Tiger Brokers (Singapore):

  1. Register using email or mobile number:
    • Zero commission-free trades within 180 days
      • applicable to U.S. stocks
    • NYSE ArcBook
    • 30 Days Reuters Video Card
  2. Open account:
    • 1 x Grab (Nasdaq: GRAB) share
  3. Funding account:
    • 1 x chance at stock draw to win up to 1 Tesla (Nasdaq: TSLA) share,
      • upon funding account with SGD$2000 or more in the very first deposit
    • 1 x SGD$5 stock voucher
      • upon funding account

Terms and Conditions apply.

Tiger Brokers updates their welcome promotion frequently, and the most current offer will be displayed upon clicking the referral link.

Sign up with Tiger Brokers via my referral code: SGRPTB or referral link.


The welcome benefit for funds deposit only takes into consideration the very first deposit. Take note to avoid missing out on receiving your FREE share.

Table of Contents

About Tiger Brokers (Singapore) Pte Ltd

Founded in 2014, Tiger Brokers is a fast-growing global broker-dealer listed in Nasdaq, with over 9 million registered users and global offices covering Singapore, Australia, the US, and New Zealand.

Supported by a very professional trading platform with an easy-to-navigate design and quick online account opening and funding, Tiger Brokers provides users with convenient access to global trading markets including US, HK, Singapore stocks and more.

In 2017, the company was awarded “2017 Fintech 250” by CB Insights and shortlisted for “China Leading Fintech 50” for two years in a row by KPMG China.

Tiger Brokers is backed by Interactive Brokers Group Inc, Xiaomi Inc, ZhenFund and Wall Street investment guru Jim Rogers.

Tiger Brokers has acquired over 50 licenses. In Singapore, Tiger Brokers (Singapore) Pte Ltd (“Tiger Brokers”) holds a Capital Markets Services Licence under the Securities and Futures Act (Cap.289) to conduct regulated activities in Securities, Collective Investment Schemes and Exchange-traded Derivatives Contracts.

Listed Company

Tiger Brokers is a listed company on NASDAQ.

Tiger Brokers is actually listed in NASDAQ
Image: Tiger Brokers is actually listed in NASDAQ

Market Access

Currently, Tiger Brokers (Singapore) supports the following markets:

  • Australia
  • China A-Shares
  • Hong Kong
  • Singapore
  • USA

Welcome Benefits Mechanics

Tiger Brokers is aggressive in courting new customers. There are three sign-on benefits and you can get additional benefits when you recommend others to sign up too.

Commission-Free Trades, Reuters Video Card and the Stock Voucher

These rewards require the users to collect them or they will expire.

To collect, in the Tiger Trade app:

  1. navigate to 'Me' (bottom right button)
  2. tap 'Promotions & Rewards' to enter the Rewards Center
  3. tap on the 'Collect' button

Commission-Free Trades

Only the commission charged by Tiger Brokers is FREE. There might still be platform charges, other fees and taxes applicable, which varies for different stock markets.

For example, when buying US shares:

  • Commission: 0.005 USD / Share (Min. 0.99 USD / Order)
  • Platform Fee 0.005 USD / Share (Min. 1 USD / Order)

So after waiving any commission, you still need to pay a minimum of USD$1 per order.

Check out the full pricing schedule here.

My Review on Tiger Brokers

I have been using Tiger Brokers since 2020 with no major issues.

Ease of Account Creation

First of all, registering a login account and opening a trading account are two separate processes.

  • Registering a login account: use a telephone number or email to sign up with Tiger Brokers
  • Opening a trading account: requires entering your personal particulars and trading experience manually or via Singpass MyInfo.

I created my account in early 2020 and was impressed by the ease of opening an account. I skipped filling up personal particulars via SingPass MyInfo.

The rest of the forms were also clear, concise with the default option pre-selected on my behalf. So I only had to read through rather than clicking everywhere. The whole process took probably 15mins.

I completed my application process around midnight (Singapore time) and it got approved within 15mins later :)

I would strongly recommend you register a FREE account with SGX’s Online Education Programme and complete the “SGX SIP Online Education Module (SGXSIP1)” first if you are new to investing.

You would need to enter your scores for the test if you do not meet certain investment criteria.

SingPass and social network accounts login support

You can conveniently login to Tiger Brokers with the following accounts:

  • SingPass
  • Facebook
  • Twitter
  • WeChat

Is my money safe with Tiger Brokers?

I was concerned about the safety of my assets and this is what I found.

Source: https://www.tigerbrokers.com.sg/security-n-custody

Tiger Brokers is licensed by the Monetary Authority of Singapore (MAS) and comply with section 104 of the Securities and Futures Act (“SFA”).

Clients’ funds and investments are kept by a segregated bank account and custodian to ensure it does not commingle with other accounts.

Investments Custody:

  • U.S. market: Shares, cleared and held by IBKR (Interactive Brokers), are ultimately held by DTC (Depository Trust Company).
  • Hong Kong market: Shares, held by IBKR (Interactive Brokers), are ultimately held by CCASS.
  • Singapore market: Shares, held by DBS custodian bank, are ultimately held by CDP.

Funds Custody: Clients’ funds are kept in DBS commercial Bank.

Low commission rates | Lifetime zero commission for US markets

Tiger Brokers offer very competitive rates for shares trading:

I do not actively trade in options, futures and funds etc. If you are interested in these instruments, you can check out their trading fees here.

In April 2022, Tiger Brokers announced that customers who refer a new client can unlock a lifetime of zero commissions for US markets. Terms and conditions apply.

refer a new client to unlock a lifetime of zero commissions for US markets
refer a new client to unlock a lifetime of zero commissions for US markets

As discussed previously, trading fees comprises of more than just the commission portion. Please note there might still be platform charges, other fees and taxes applicable, which varies for different stock markets.

In May 2022, Mothership reported that in April 2022, a client sold US$5,000 worth of US penny stocks he had. Only after the trade was cleared that he found out he was charged approximately US$16,000 in settlement fees.

In the aftermath, Tiger Brokers announced settlement fees (USD 0.003/share) would be capped to 7% of the order value and refunded affected customers.

Even with the new cap in place, settlement fees can be very significant, so be extra cautious when trading penny stocks.

Funding of Account

As required by Singapore regulations, your funds with Tiger Brokers Singapore are held in a segregated bank account(Client Segregated Bank Account).

Tiger Brokers only accept fund deposits from bank FAST transfer or wire transfer (TT). All funding must be made from a bank account registered under the Trading Account holder’s name.

DBS/POSB - DDA Deposit

The easiest and fastest way to fund the account with SGD is to link up a DBS/POSB account and directly debit from it.

Bank Transfer

Another way is to bank transfer to Tiger Broker’s DBS account and indicate your account details in the Payment Reference field.

When I first tried depositing money into my Tiger Brokers account, I made a mistake of depositing SGD into their HKD account. The money was refunded back to my account after a few days.

Do take note to transfer to the correct SGD account.

Here are a couple video guides on how to fund your Tiger Brokers account:

Trading on Tiger Brokers

Tiger Brokers Singapore manages a Youtube channel where they upload many useful tutorials.

Staying updated

Join the Tiger Brokers Official telegram group to obtain timely updates on ğŸŽPromotions, 📰News, and 💡Troubleshooting (bug reports and feedback)!

Thank you for reading the article. Sign up today with Tiger Brokers via the referral code: SGRPTB or referral link.

Web Administrator

Disclaimer: while we do our best to maintain up to date information on the available referral promotions, their terms and conditions do change frequently. We do not guarantee that the information published on this website is accurate.