Tiger Brokers Forex Broker

Tiger Brokers Review SummaryFounded2014Registered Country/RegionSingaporeRegulationFSPR/NFA (Suspicious clone)Market InstrumentsStocks, ETFs, REITs, Options, Futures, Unit Trust & FundsDemo Account✅LeverageUp to 4:1Trading PlatformWeb Trader, Tiger Trade AppMinimum Deposit/Customer SupportOnline Chat, WhatsAppTel: +65 6331 2277Email: service@tigerbrokers.com.sgTelegram: https://t.me/tigerbrokersofficialSocial media: Facebook, X, YouTube, Instagram, LinkedInAddress: 1 Raffles Place, #35-61 One Raffles Place Tower 2, Singapore 048616Tiger Brokers Information Tiger Brokers is a Singapore-based broker founded in 2014. It offers a diverse range of market instruments including Stocks, ETFs, REITs, Options, Futures, Unit Trust & Funds.Pros and ConsPros Cons Various trading assetsSuspicious clone licenses (FSPR, NFA)Demo accounts availableNo MT4 or MT5 supportMultiple contact channelsCommission fees chargedLive chat supportedIs Tiger Brokers Legit? Tiger Brokers holds two suspicious clone licenses in New Zealand (FSPR) and US (NFA). Please be aware of the risks!Regulatory StatusRegulated byLicensed InstitutionLicense TypeLicense NumberSuspicious CloneFSPR (New Zealand)TIGER BROKERS (NZ) LIMITEDFinancial Service Corporate473106Suspicious CloneNFA (United States)US TIGER SECURITIES INCCommon Financial Service License0328552What Can I Trade on Tiger Brokers? Trading InstrumentsSupportedStocks✔ETFs✔REITs✔Options✔Futures✔Unit Trust✔Funds✔Forex❌Commodities❌Indices❌Cryptos❌Bonds❌ Account Type & Leverage Tiger Brokers offers two types of accounts to retail clients: Margin accounts and Cash accounts.Account TypeLeverageMargin1:4 (intraday trading)Cash/Tiger Brokers FeesMarket InstrumentsCommssion (per contact)Platform Fee (per contact)US Options (Fixed Commission Plan)USD 0.35USD 0.3US Options (Tiered Commission Plan)USD 0 - 0.8USD 0.3Hong Kong Stock Options - Trading Fees0.2% Trade ValueHKD 15Hong Kong Stock Options - Exercise Fees0.03% Exercise Value0.03% Exercise ValueHong Kong Warrants & CBBCs0.03% Trade Value0.00565% Trade ValueTrading PlatformTrading PlatformSupported Available Devices WebTrader✔Web (browser-based)Tiger Trade App✔Windows, macOS, iOS, AndroidDeposit and Withdrawal Tiger Brokers does not have a minimum deposit requirement, which is ideal for new investors and those without much capital to put down. The brokerage accepts several payment methods for live account deposits in five currencies; USD, EUR, SGD, HKD and AUD.Remittance BankPayment OptionsAccepted CurrenciesDeposit FeeDeposit TimeDBS/POSBDDASGD❌5 minutesBank Account TransferSGD/HKD/USD/EUR/AUDMinimum 15 minutesBanks in Singapore(Non DBS/POSB)Bank Account Transfer (FAST)SGDBank Account TransferHKD/USD/EUR/AUD1-2 business daysBanks outside SingaporeBank Account TransferSGD/HKD/USD/EUR/AUD1-3 business daysWise's Link in TigerSGD/USD/ The withdrawal fee charged by Tiger Brokers varies according to different banks and currencies, for Singapore DBS/POSB bank the withdrawal fee is free, but for Non-DBS/POSB bank diffenrent currencies will have different withdrawal fees, same as Non-Singapore Bank. More info can be found via https://www.itiger.com/sg/help/detail/funds-withdrawalReceiving BankCurrencyWithdrawal Bank FeeDeposit TimeSingapore BankDBS/POSBSGD❌1-3 business daysUSDHKDNZDAUDEURNon-DBS/POSBSGDSGD 0 - 20USDUSD 25 + Intermediate Bank FeesHKDHKD 200 + Intermediate Bank FeesNZDNZD 35 + Intermediate Bank FeesAUDAUD 35 + Intermediate Bank FeesEUREUR 25 + Intermediate Bank FeesNon-Singapore BankAny BankSGDSGD 35 + Intermediate Bank FeesUSDUSD 25 + Intermediate Bank FeesHKDHKD 200 + Intermediate Bank FeesNZDNZD 35 + Intermediate Bank FeesAUDAUD 35 + Intermediate Bank FeesEUREUR 25 + Intermediate Bank Fees