Tiger Brokers Account Type

Tiger Brokers offers three types of trading accounts for investors:

• Margin Account:
• Allows margin trading and short selling with leverage up to 4 times.
• No limit on the number or frequency of T+0 trades.
• Suitable for individuals aged 21 and above who are employed full-time or retired.
• Cash Account:
• The basic account type that allows trading with cash only.
• Margin trading and short selling are not available.
• Certain products such as futures and options requiring financing cannot be traded.
• No limit on the number or frequency of T+0 trades.
• Available for individuals aged 18 and above.
• Cash Account Upgrading to Margin Account:
• A cash account can be upgraded to a margin account if the user meets specific criteria.
• Users must be aged above 21 with a full-time job or retired.

For more details, visit: Tiger Brokers Singapore

Tiger Brokers Broker Account Opening Process

To open an account with Tiger Brokers, follow these steps:

• Choose the Method:
• Use the Tiger Trade app or visit the official website to start the application.
• Register:
• Enter your mobile number or email address.
• If you are a Singaporean with a Singpass account, you can use MyInfo for faster registration.
• Complete Information:
• Fill in personal details, including your nationality, residential address, and employment information.
• Provide your tax residency and identification number if applicable.
• Submit Application:
• After completing the required information, submit your application.
• Approval:
• The account will typically be opened within 1 to 3 business days. You will receive an SMS notification once your account is successfully opened.
• Fund Your Account:
• After approval, deposit funds into your account to start trading.

For more details, visit: Tiger Brokers Singapore