News Product update

Wise Platform and Tiger Brokers (Singapore) teams up to bring fast and cheap money transfers to retail investors!

Sean Koh

17.02.22 (updated more than 1 year ago)

Read time 2 minutes

We are excited to announce that Wise Platform has partnered with a leading online brokerage firm Tiger Brokers, to give their customers faster and cheaper international money transfers, available directly in the Tiger Brokers app or website.

From today, retail investors in Singapore funding their investments in selected foreign currencies will be able to directly access Wise’s lightning fast and low cost international money transfers to deposit Singapore dollars into their Tiger Trade account!

This integration makes Tiger Brokers the first Singapore online brokerage to provide international money deposits with no exchange rate markups and full price transparency to their customers.

The Tiger Brokers and Wise partnership was a no brainer - with the importance of speed, cost and convenience - now Tiger Trade customers will be able to deposit foreign currency within the Tiger Trade platform by linking their existing Wise account or, if they don't have one, opening one with Wise. Customers will be able to take advantage of speed with 45% of all transfers globally sent on Wise are instant (less than 20 seconds). Additionally, users will be able to get the real exchange rate and see the fees upfront with no hidden costs. All this is possible thanks to the Wise Platform API.

Eng Thiam Choon, Chief Executive Officer, Tiger Brokers Singapore, shared, “We are excited to partner with Wise to be the first to offer investors a faster, cheaper and more convenient way to transfer directly to their trading account held with Tiger Brokers Singapore. As we grow, we want to find ways to make it easier and more efficient for investors to trade a wide range of securities across major global markets and currencies on our investment platform. Tiger Brokers has always been focused on creating a superior and seamless trading experience for investors on our online and mobile trading platforms, and our partnership with Wise, a global leader in money movement, is yet another step in this direction.”

Vinay Palathinkal, Regional Head, Wise Platform, shared: “At Wise, our mission is to make moving money faster, cheaper and more transparent for everyone, everywhere. As a customer-obsessed company, Wise shares Tiger Brokers’ vision for creating new, frictionless experiences for their customers and we’re thrilled to build this feature with them to enable quick and low-cost transfers with no exchange rate markups to their customers.”

Through Tiger Trade, Tiger Brokers (Singapore) offers retail investors in Singapore access to six global exchanges in the US (NYSE, NASDAQ), China (Shanghai/Shenzhen-Hong Kong Stock Connect), Hong Kong (HKEX), Singapore (SGX) and Australia (ASX), with access to investment offerings such as Equities, Exchange-Traded Funds (ETFs), Futures, Stock Options, Warrants, Callable Bull/Bear Contracts (CBBCs), Daily Leveraged Certificates (DLCs), and US-listed over the counter (OTC) equities, and Fund Mall.

With a strong understanding and focus on the end customer needs, our dedicated Wise Platform team supported Tiger Brokers through all stages of the build to ensure a seamless experience for their online brokerage platform. Wise Platform enables banks, financial institutions and companies like Aspire, Xero and Google Pay to tap into the Wise infrastructure and offer cheaper, faster payments to their own customers.

Globally, Wise Platform is live with banks in 11 countries across 4 continents. Wise Platform also comes pre-integrated in core banking platforms like Temenos, Mambu and Thought Machine.

Tiger Brokers (Singapore) Pte Ltd (“Tiger Brokers (Singapore)”), the Singapore entity of UP Fintech Holding Limited (NASDAQ: TIGR), known as “Tiger Brokers” in Asia, is a brokerage firm operating with a Capital Markets Services (CMS) Licence from the Monetary Authority of Singapore (MAS).

Its online and mobile app trading platform, Tiger Trade, offers complimentary real-time stock quotes, dedicated multilingual customer service during trading hours and 24/7 finance news updates. If you are a retail investor wanting to access the Tiger Trade platform and experience the fast and low cost deposits, click here.

Email our team to learn more, or start your custom integration.

Check out our website for more information.

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