Review of Tiger Brokers trading platform commission fees in Singapore

Hannes Ausmees

12.04.22 (updated more than 1 year ago)

5 minute read

Tiger Brokers¹ is an investment platform available in Singapore which allows both new and seasoned investors to buy and trade stocks, ETFs, futures and more. Tiger has relatively low fees to help investors make more of their money, and a fully online and in-app service for convenience.

This Tiger Brokers review has you covered with an overview of the available products, Tiger trade fees and costs, and a comparison of Tiger Brokers vs MooMoo and some other popular Singapore investment platforms.

Table of contents
What is Tiger Brokers? Review of tradable assets and markets Overview of commissions and fees Stocks & ETFs Futures Options, Warrants & CBBCs Fund Mall Financing interest rates Comparison against other Singapore trading platforms Tiger Brokers vs MooMoo vs Saxotrader Deposit and withdrawal fees Topping up investment account with foreign currencies Summary

What is Tiger Brokers?

Tiger Brokers is an online and in-app investment platform which is licensed by the Monetary Authority of Singapore (MAS), and offers customers a broad range of ways to buy and trade stocks, ETFs and other financial products. Tiger Brokers has over 1.7 million account holders, offices in Singapore, New York, Beijing, Sydney and Auckland and employs over 800 people.

Thinking of investing through Tiger Brokers? This guide is for you. Read on for more about the Tiger Brokers fees, investment options and how to get started.

Review of tradable assets and markets Tiger Brokers offers

The assets you can buy through Tiger Brokers can be broadly split into several different categories:

Stocks and ETFs
Futures
Options, Warrants and CBBCs
Funds

You can buy into stocks and ETFs from Singapore, the US, Hong Kong, China and Australia. Options, Warrants and CBBCs are available from the US and Hong Kong, and there’s a broad range of future options spanning multiple regions, too. This gives customers plenty of scope to diversify their portfolios according to their risk appetite and investment horizon. We’ll dive right into the costs of buying and trading through Tiger Brokers, next.

Overview of Tiger Brokers commissions and fees

Smart investments can be a great way to see your money grow. However, with any investment there are some fees involved - and finding ways to maximise your growth potential will mean choosing platforms and providers which offer relatively low cost ways to buy and trade assets. Here’s how the Tiger Brokers fees break down for their key products.

Stocks & ETFs

With Tiger Brokers you can choose to buy stocks and ETFs from Singapore, the US, Hong Kong and Australia. Here are the Tiger Brokers fees for different markets²:

Product	Tiger Brokers fee
U.S. Stocks & ETFs commission fee	From USD 0.005 /share
Hong Kong stocks	From 0.03%
Singapore stocks, ETFs, REITs & DLCs	From 0.03%
China A-shares	From 0.03%
Australian stocks	From 0.03%

Futures

Tiger Brokers has a huge range of future options, including:

Index futures
Treasury futures
Metal futures
Energy futures
Forex futures
Agriculture futures
Equity futures
Digital asset futures

Futures pricing and the Tiger Brokers fee and commission varies based on the product involved. To give a flavour here are the fees in USD for a few popular index futures³:

Product	Exchange	Commission	Platform Fee	Exchange Fee	Regulatory Fee
China A50 Index	SGX	0.99	1	1.1	0
E-mini Dow Jones	CBOT	1.99	1	1.23	0.02
E-mini NASDAQ 100	CME	1.99	1	1.23	0.02
E-mini S&P 500	CME	1.99	1	1.23	0.02

Options, Warrants & CBBCs

You’ll be able to buy US or Hong Kong stock options, as well as Hong Kong warrants and CBBCs - here are the costs you need to know about⁴:

Product	Tiger Brokers fee
US Stock options	From 0.65 USD/contract
Hong Kong stock options	From 0.2%
Hong Kong warrants & CBBCs	From 0.3%

Fund Mall

The Tiger Brokers Fund Mall lets customers invest in the following types of fund⁵:

Equity fund
Money market fund
Bond fund

You can buy into these funds from your all-in-one investment account, without needing to open a new fund account - giving a simple way to diversify your portfolio when you want to.

Fee type	Stock Funds & Hybrid Funds	Bond Funds
Buy Sales Charge	Standard fee - 1.20% (promotional discounts may apply)	Standard fee - 0.80% (promotional discounts may apply)
Sell Sales Charge	0	0
Platform Fee	0	0

Financing interest rates

Tiger Brokers financing interest rates vary based on the currency and the value of the loan being arranged. Indicative rates are shown on the Tiger Brokers website, and you’ll be shown the confirmed rate prior to arranging any transaction⁶.

How do Tiger Brokers fees compare against other Singapore trading platforms?

Tiger Brokers has built a reputation as a low-cost investment platform, and does not charge any custody fees, deposit and withdrawal fees, currency exchange fees, inactivity fees or account maintenance fees. That can make it a good bet if you’re looking for a way to make more of your money. However, as with all investing, there are risks involved - make sure you understand the products you’re buying through Tiger Brokers before you get started.

Tiger Brokers vs MooMoo vs Saxotrader

Let’s take a look at how Tiger Brokers compare with a few other popular Singapore investment platforms. We’ve included highlights for a few popular products - for the full pricing details check out the provider websites.

	Tiger Brokers⁷	MooMoo (powered by Futu)⁸	Saxotrader⁹
U.S. Stocks & ETFs commission fee	From USD 0.005 /share	USD 0.0099 /share	Fees vary based on your account plan - 0.02% to 0.06%
Hong Kong stocks	From 0.03%	0.03%	Fees vary based on your account plan - 0.1% to 0.15%
Singapore stocks, ETFs, REITs & DLCs	From 0.03%	0.06%	Fees vary based on your account plan - 0.05% to 0.1%
China A-shares	From 0.03%	0.03%	Fees vary based on your account plan - 0.08% to 0.15%
Australian stocks	From 0.03%	Not available	Fees vary based on your account plan - 0.03% to 0.08%
Options, warrants & CBBCs	US Stock options: From 0.65 USD/contract Hong Kong stock options: From 0.2% Hong Kong warrants & CBBCs: From 0.3%	US Stock options: 0.95 USD/contract Hong Kong warrants & CBBCs: 0.3%	US Stock options: From 0.65 USD/contract - 3 USD/contact

If you’re looking into Singapore investment options you might also have heard of Stashaway¹⁰. While Tiger Brokers operates in a fairly similar way to MooMoo and Saxotrader, Stashaway has a slightly different set up. With Tiger Brokers, MooMoo and Saxotrader you’ll pay a fixed price based on the type of asset you’re buying, while Stashaway offers portfolio investments which include a variety of assets. That means you’ll pay a 0.2% - 0.8% fee to have Stashaway build a mixed asset portfolio on your behalf. Take a look at all your options - and seek professional advice where needed - to pick the best investment platform for your needs.

Tiger Brokers deposit and withdrawal fees

Diversifying your investments across different markets and currencies is a smart move. However, when you’re trading in foreign markets and foreign currencies you’ll need to watch out for third party fees related to currency conversion and international payments, which can eat away at your profits.

If you’re depositing or withdrawing money from your Tiger Brokers account in different currencies you’ll want to check the exchange rate being applied by your bank, and look carefully at the fees which will be charged. Typical bank costs can include:

A transfer fee which may be in the region of 20 SGD
An exchange rate markup which could run to 3% of the send amount
Third party costs - also called cable charges, agent costs, intermediary or correspondent bank fees

All in all, the total amount you pay to move money in different currencies with your regular bank can be pretty staggering. That’s why Tiger Brokers has partnered with Wise Platform to help customers deposit their foreign currency to SGD into their trading account for a lower cost with the real mid-market exchange rate and transparent fees. That could save you money - and as Wise transfers are often instant - it can save you time, too.

Topping up your investment account with foreign currencies

Here’s how to deposit foreign currencies to your Tiger account with Wise on the Tiger Trade app:

If you do not have a Wise account already, you can sign up for free on the wise.com website.
Go to "Trade > Deposit” on your Tiger Trade App and select “Transfer with Wise”
Select the currency and amount you want to top up in and hit “Continue”
On the “Connect with Wise” page, select “Link your Wise account” and follow the instructions.
Once your Wise account is connected, follow the prompt on the page after the transfer instruction has been submitted.
Initiate the transfer from your bank account to Wise’s bank details displayed on the app.
Once you have transferred the money, wait for Tiger to receive your deposit.

For more information, check out the Tiger Brokers help centre.

Summary

Tiger Brokers has built a reputation as a low-cost way to build and diversify an investment portfolio, with product options across a broad range of markets and asset classes. Whether you’re just starting out and want an easy way to invest in stocks, or you’re an experienced investor looking for ways to build a balanced portfolio, Tiger Brokers is worth considering as a simple way to trade for low fees. And now, thanks to Tiger Brokers’ partnership with Wise, you could also cut the costs of currency conversion when you deposit and withdraw in foreign currencies.

Start saving money with Wise, today!

Open a free Wise account

Sources:

Sources checked on 11.04.2022

*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

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