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.
Tiger.Trade is a Swiss DeFi broker with nearly 200,000 clients and a competitive range of features, trading conditions and tools. The FINMA-regulated firm provides 24/7 customer support and access to several proprietary platforms.
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."
"Tiger.Trade is best for less experienced investors that want to speculate on cryptos with a modern, easy-to-use platform that supports copy trading."
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
A decent variety of linked brokers and exchanges allows trading on a range of assets
Access to a good range of markets for paying customers
History Player service works like a demo account
Risk management alerts and stop loss feature
Innovative, user-friendly copy trading app
New versions & downloads expected
Free cryptocurrency software
Low minimum deposit
Swiss-regulated
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
The monthly fee can be off-putting when many competitors don’t charge a subscription fee
The Demo History Player account charges a monthly fee, unlike many other demo accounts
The iOS app offers limited chart settings and indicators
Tiger.Trade clients can use the company's Windows and MacOS copy trading platforms to speculate on a range of currency pairs. On the downside, the 10% commission rate is higher than some alternatives.
GBPUSD Spread
Variable
EURUSD Spread
Variable
EURGBP Spread
Variable
Cryptocurrency
Crypto trading not offered
Tiger.Trade is primarily a crypto broker, linking with Binance and six other exchanges to offer a wide array of cryptocurrency tokens at market prices with a software charge of $400pa (or $1,500 for lifetime access).
