Robinhood vs Tiger Brokers

Robinhood vs Tiger Brokers Comparison Table 2023
Robinhood Review 2023 Tiger Brokers Review 2023
0.9

Robinhood is #36 in our broker rankings.

We do not recommend trading with Robinhood. Their business practices have harmed traders and their "free" trading offer has been criticized for actually costing their traders millions of dollars.
2.8

Tiger Brokers is #13 in our CFD broker rankings.

United States Flag Traders from US accepted
United States Flag Traders from US accepted

Robinhood is an American stock broker and financial services firm based in California. The broker offers commission-free stocks, cryptos and ETFs, plus other products such as cash cards and retirement accounts. Despite its robust US regulation, Robinhood has been involved in numerous scandals and security breaches since 2020. We urge investors to exercise caution.

Tiger Brokers is a stock and securities broker based in China that offers equities from several global markets as well as an impressive proprietary trading platform.

Comment by Reviewer
"Robinhood is aimed at traders looking for stocks and crypto investing opportunities with additional perks. However, the brokerage's recent business practices mean the brand isn't a good option if you want a reliable and trustworthy broker."
Pros
  • Crypto trading available with no commission fees and a low minimum deposit of $1
  • Intuitive mobile trading app with 24/7 live support and in-app stock market news
  • Robinhood's 'Snacks' newsletter offers bite-sized financial news updates suitable for beginners
  • Interesting podcast hosted by the CEO and co-founder, covering topics such as blockchain and financial empowerment
  • Robinhood Cash Card offers weekly bonuses invested into stocks and crypto, as well as cashback on popular brands
  • Receive NFTs on the Polygon and Ethereum network and connect to decentralized applications via your Robinhood wallet
Cons
  • Not available outside the US
  • Limited research and education tools compared to other brands
  • Previous lawsuits and negative press surrounding the firm's controversial business practices
  • Despite the actual app showing quote data in real-time, data may be delayed by up to 20 minutes
  • Robinhood does not support advanced order types or options trades, while limit orders are collared up to 5%
  • The broker falls short in terms of in-depth analysis and research tools, which may deter novice traders
  • Concerning history of security breaches
Instruments
Stocks, Options, Crypto, ETFs Stocks, Options, Futures, CFDs, Stock Options
Demo Account
No Yes
Minimum Deposit
$0 $0
Trading Platforms
  • Own
  • TradingView
Payment Methods
Minimum Trade
$10 1 Lot
Regulator
SEC MAS, SEC & FINRA, ASIC, SIPC, NFA, DTC, NSCC, HKMA
Margin Trading
No Yes
Margin Rate
2.5% 3.0%
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
iOS, Android and Windows Yes
Copy Trading
No No
Social Trading
No No
Trade Signals
No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • AUD
Stock Exchanges
CFD Trading
CFD trading not offered Tiger Brokers supports CFD trading with a range of stocks and securities throughout the Asia-Pacific Economic Region.
Leverage
1:2 1:4
FTSE Spread
N/A N/A
GBPUSD Spread
N/A N/A
Oil Spread
N/A
Stocks Spread
0.3% Var Variable
Cryptocurrency
Access 18 crypto assets through the Robinhood app with no commission fees, including access to Bitcoin. On the negative side, the selection is not as wide as other brands and security is weak. Crypto trading not offered
Spread
0%
Coins
  • BTC
  • ETH
  • BCH
  • LTC
  • SOL
  • DOGE
  • BTG
  • OMG
  • XMR
  • QTUM
  • DASH
  • XRP
  • XLM
  • ZEC
  • NEO
  • LSK
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
More Comparisons
Robinhood
vs
Tiger Brokers
vs