Review of Tiger Brokers trading platform commission fees in Singapore

Hannes Ausmees

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?

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.

multi-currency-cash-flow

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:

ProductTiger Brokers fee
U.S. Stocks & ETFs commission feeFrom USD 0.005 /share
Hong Kong stocksFrom 0.03%
Singapore stocks, ETFs, REITs & DLCsFrom 0.03%
China A-sharesFrom 0.03%
Australian stocksFrom 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:

ProductExchangeCommissionPlatform FeeExchange FeeRegulatory Fee
China A50 IndexSGX0.9911.10
E-mini Dow JonesCBOT1.9911.230.02
E-mini NASDAQ 100CME1.9911.230.02
E-mini S&P 500CME1.9911.230.02

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:

ProductTiger Brokers fee
US Stock optionsFrom 0.65 USD/contract
Hong Kong stock optionsFrom 0.2%
Hong Kong warrants & CBBCsFrom 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 typeStock Funds & Hybrid FundsBond Funds
Buy Sales ChargeStandard fee - 1.20% (promotional discounts may apply)Standard fee - 0.80% (promotional discounts may apply)
Sell Sales Charge00
Platform Fee00

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 Brokers⁷MooMoo (powered by Futu)⁸Saxotrader⁹
U.S. Stocks & ETFs commission feeFrom USD 0.005 /shareUSD 0.0099 /shareFees vary based on your account plan - 0.02% to 0.06%
Hong Kong stocksFrom 0.03%0.03%Fees vary based on your account plan - 0.1% to 0.15%
Singapore stocks, ETFs, REITs & DLCsFrom 0.03%0.06%Fees vary based on your account plan - 0.05% to 0.1%
China A-sharesFrom 0.03%0.03%Fees vary based on your account plan - 0.08% to 0.15%
Australian stocksFrom 0.03%Not availableFees 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:

  1. If you do not have a Wise account already, you can sign up for free on the wise.com website.
  2. Go to "Trade > Deposit” on your Tiger Trade App and select “Transfer with Wise”
  3. Select the currency and amount you want to top up in and hit “Continue”
  4. On the “Connect with Wise” page, select “Link your Wise account” and follow the instructions.
  5. Once your Wise account is connected, follow the prompt on the page after the transfer instruction has been submitted.
  6. Initiate the transfer from your bank account to Wise’s bank details displayed on the app.
  7. 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:

  1. Tiger Brokers
  2. Stocks and ETFs
  3. Futures
  4. Options, Warrants & CBBCs
  5. Fund Mall
  6. Financing interest rates
  7. Tiger Brokers fees
  8. Futu fee schedule
  9. Saxo account plans
  10. Stashaway pricing

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.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.

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