Tiger Brokers, officially known as UP Fintech Holding Limited, was founded in 2014. The company is headquartered in Beijing, China, with significant offices located in various regions including Singapore, New York, Beijing, Auckland, and Sydney. Tiger Brokers is a publicly traded company, listed on NASDAQ under the ticker symbol "TIGR".
The broker primarily serves individual retail clients and has rapidly expanded its user base to over 10 million globally, making it a prominent player in the online brokerage market. Tiger Brokers has made a name for itself by offering a user-friendly trading platform that integrates various financial products, allowing clients to trade in multiple markets including the US, Hong Kong, Singapore, China, and Australia.
Since its inception, Tiger Brokers has achieved several milestones. It has been recognized in KPMG's Fintech 100 and CB Insights list of unicorn companies, reflecting its rapid growth and innovation in the fintech space. The company operates on a unique business model that emphasizes low commission rates and a seamless trading experience, appealing especially to beginner and intermediate investors seeking access to global markets.
Tiger Brokers is regulated by several top-tier financial authorities across different jurisdictions, ensuring a high level of compliance and security for its clients. The primary regulatory bodies overseeing Tiger Brokers include:
Each of these regulatory bodies issues specific license numbers, which are essential for maintaining the broker's operational integrity and compliance with local laws. For example, the SEC registration number for Tiger Brokers (U.S.) is 8-65324, while the ASIC license number is 300767.
Tiger Brokers also follows strict customer fund segregation policies, ensuring that client assets are kept separate from the companys operational funds. This practice is crucial for protecting client investments and maintaining trust. The broker participates in various investor compensation schemes, providing additional safety nets for customers in case of financial discrepancies.
Furthermore, Tiger Brokers employs Know Your Customer (KYC) and Anti-Money Laundering (AML) measures to verify the identities of its clients, further enhancing its compliance framework.
Tiger Brokers offers a diverse range of trading products, catering to the needs of various investors. The broker provides access to numerous currency pairs in the forex market, including major, minor, and exotic pairs. In addition to forex, the broker also facilitates trading in Contract for Difference (CFD) products across several categories such as indices, commodities, stocks, and cryptocurrencies.
The specific trading instruments available through Tiger Brokers include:
Tiger Brokers frequently updates its product offerings, introducing new instruments based on market demand and investor interest. This adaptability helps the broker maintain a competitive edge in the rapidly evolving financial landscape.
Tiger Brokers utilizes its proprietary trading platform, known as Tiger Trade, which is designed to provide a seamless trading experience across both desktop and mobile devices. The platform is compatible with both iOS and Android, making it accessible for traders on the go.
While Tiger Brokers does not support the popular MetaTrader 4 or 5 platforms, its proprietary software offers a range of features that appeal to users. The platform provides:
Overall, the technology and infrastructure behind Tiger Brokers are designed to enhance the trading experience, providing users with the tools they need to succeed in the markets.
Tiger Brokers offers a straightforward account structure designed to cater to a wide range of investors. The primary account types include:
The trading conditions for the accounts are as follows:
Tiger Brokers does not charge overnight fees for its accounts, which is a significant advantage for traders looking to hold positions for extended periods. However, clients should be aware of the potential risks associated with trading on margin.
Tiger Brokers offers several convenient deposit and withdrawal methods to facilitate easy fund management for its clients. The available deposit methods include:
The processing time for deposits varies, but bank transfers typically take 1-3 business days. Notably, Tiger Brokers does not charge any deposit fees, making it cost-effective for traders.
For withdrawals, clients can choose from several methods, including:
Overall, Tiger Brokers has established a user-friendly fund management system that prioritizes client convenience.
Tiger Brokers provides a variety of customer support channels to assist its clients. These include:
The broker offers support in multiple languages, catering to its diverse client base across various regions.
In terms of educational resources, Tiger Brokers has implemented several initiatives to help clients enhance their trading knowledge:
These resources are designed to empower traders, enabling them to make informed decisions and improve their trading strategies.
Tiger Brokers operates in several key markets, including:
The broker has offices strategically placed in various locations to support its international client base. However, there are certain countries where Tiger Brokers does not accept clients, primarily due to regulatory restrictions. These include regions such as North Korea, Iran, and several others listed under anti-money laundering (AML) regulations.
In summary, Tiger Brokers has established itself as a reputable broker with a strong regulatory framework, offering a wide range of trading products and services. Its user-friendly platform, competitive fees, and robust customer support make it an attractive choice for investors looking to access international markets.