Founded in 2014, Tiger Brokers is a stocks and securities broker based in China, offering 350+ products on a proprietary trading terminal. The broker is regulated by the Monetary Authority of Singapore (MAS) among others, and is listed on NASDAQ. As of 2021, the broker has 2 million account holders with an annual trading volume of $404.3+ billion.
Futu is a NASDAQ-listed brokerage established in 2012. The fintech firm offers multi-asset trading opportunities on two proprietary platforms; Futubull and moomoo. Futu holds licenses with 20+ authorities including the ASIC, NFA and SFC. An impressive 15 million customers trade with Futu.
Comment by Reviewer
"Based on my experience, Tiger Brokers is an excellent choice for dedicated stock traders looking to trade US, Asian and Australian shares, as well as options, futures, warrants and interest rates. It’s also great for anyone looking for explore an innovative proprietary trading platform."
"Futu is best for investing in Hong Kong, Chinese and US stock markets with transparent pricing. The broker is trustworthy with strong regulatory oversight and multiple awards."
Pros
I’m satisfied with the brokers strong industry reputation, with multiple awards, custodian backing (including from Interactive Brokers and DBS bank), and its appointed listing on the NASDAQ
I think Tiger Brokers competes well with similar brands when it comes to market coverage, with an excellent range of stocks and funds from US and Pacific exchanges
I appreciate that there’s no minimum deposit to get started on the powerful trading terminal, which is accessible via a stable desktop app or mobile device
I also appreciate that the broker supports fee-free deposits via bank wire and Wise, in a range of currencies including HKD, USD, AUD and EUR
I feel relatively safe registering with this broker since it holds reputable licenses with multiple bodies including the SEC, FINRA and MAS
There’s a free demo account available for those who want to browse the platform’s features before committing real funds
I found several customer service options, including a live chat, telephone number, WhatsApp and email
Reputable brokerage listed on the NASDAQ and registered with tier-one regulators
Extensive list of investments including stocks, options, ETFs, warrants, bonds and IPOs
Transparent pricing model with no commission fees to trade HK stocks & ETFs and free market data
Easy-to-use proprietary trading platform with desktop software, browser compatibility and a mobile app
Regulated worldwide with segregated client funds, ISO27001 security credentials and investor compensation schemes
Investor backing from several corporations including Tencent Holdings
NiuNiu community-based platform with NiuNiu Classroom education access
Pre-IPO trading hours access
Cons
I think some traders may feel restricted by the single proprietary platform offering, with no access to popular third-party stock trading terminals like MetaTrader 4
Compared to traditional brokers, there’s limited account funding methods which may be a drawback for traders used to depositing via e-wallets
Compared to some other brokers, I think the range of educational resources and market analysis tools is lacking a little
I’m a little disappointed that there’s no EMEA market access which would serve a wider cohort of investors
Limited number of payment methods with no e-wallets such as Skrill, Neteller or PayPal
High minimum deposit requirement of HKD 10,000 or USD 1,500
No live chat support available
Forex trading not available
No MT4 or MT5 access
Awards
HKEX - Business Innovation Information Vendors 2017
