moomoo SG vs Tiger Brokers – Platform Comparison Guide (2025)

moomoo SG and Tiger Brokers are some of the most popular online brokerage firms in Singapore. We review how they stack up against each other. 

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moomoo SG and Tiger Brokers are big names when it comes to online brokerages in Singapore. These firms offer quick access to online trading thanks to the ease of sign-up and availability on desktop and mobile platforms. 

Despite their similarities, there are important differences between the two brokerage firms. Here’s a comprehensive review of moomoo SG vs Tiger Brokers.

Table of contents

• Tiger vs moomoo overview
• Tiger vs moomoo comparison
• Product offerings
• Available markets
• Fees (SG market)
• Charges in different markets
• Currencies available
• Account opening requirements
• Trading experience
• Depositing and withdrawing funds
• Welcome bonuses
• Safety considerations
• Which is the best option?
• Conclusion

Tiger vs moomoo SG: Overview

moomoo SG and Tiger Brokers are among the popular online brokerage firms in Singapore today. Both platforms have grown in their offerings over the years, serving (by some accounts) over a million traders and investors.  

One of the main differences between the two is that moomoo SG does not charge commissions for US stocks and ETFs -- this is a lifetime offer (i.e., valid until otherwise). You'll also enjoy free access to market data and no withdrawal, inactivity, account maintenance, or deposit fees.

With moomoo SG, you can trade a variety of markets including US, SG, HK, AU, JP and CHN A-shares. Assets available include stocks, ETFs, US Treasuries, REITs, options and crypto. There are also cash-managed accounts and regular savings plans.   

Tiger Brokers offer a smaller number markets: In addition to the US, you can trade the Australia, Hong Kong, Singapore, and China markets. Products wise, Tiger Brokers provide stocks, fractional shares, options, future and US Treasuries. The platform also offers a cash boost account, auto investing and fixed coupon notes. A core differentiator is the Tiger BOSS Debit Card -- a facility not offered by moomoo SG.  

In terms of fees and charges, Tiger Brokers does not impose inactivity, account maintenance or deposit fees. However, charges are a bit complex since they are divided into commission and platform fees.

Tiger vs moomoo SG comparison

To understand how both platforms work, here is a comparison of moomoo SG vs Tiger at a glance.

About moomoo SG 

moomoo SG is a trading platform that was officially launched in Singapore only in March 2021. It boasts competitive commission fees, particularly if you’re an investor looking to trade stocks in the U.S, Hong Kong, China, Japan, or Singapore markets; the platform's lifetime $0 commission for US stocks and ETFs being particularly attractive. moomoo is also the first digital brokerage in Singapore that has full SGX membership, which includes trading and clearing memberships for securities and derivatives.

About Tiger Brokers

Tiger Brokers was established in 2014 and went public on NASDAQ in 2019. Currently, it's available in markets such as Singapore, Hong Kong, China, Australia, New Zealand, and the U.S. Investors can access multiple products such as funds, ETFs, shares, and REITs. 

Product offerings

Despite being in the scene for a relatively short period of time, moomoo SG offers a range of several products to investors. On the platform, you can trade stocks, ETFs, REITs, US Treasuries, US Options and Crypto. 

Besides these, you can also trade SGX-listed futures. moomoo SG's product selection has grown to match those of Tiger Brokers, and the brokerage aims to increase its products in the future. 

Meanwhile Tiger Brokers has an extensive selection of trading products including stocks, ETFs, REITs, warrants and CBBCs, futures, and options. You can additionally use the fund mall to buy mutual funds.

Available markets

moomoo SG is available in the US, Hong Kong, China, and Singapore markets. On the other hand, Tiger Brokers is available in Australia, Hong Kong, China, the US, and Singapore. 

Because of the wider availability, Tiger Brokers is preferred by investors wishing to test the global market. Therefore, if you are exploring investment opportunities abroad, this is an excellent option for you.

Fees (SG market)

Both platforms offer competitive brokerage fees, which include trading commission and platform fees. 

The trading commission is also known as the shares trading fee, which is charged upon selling or buying stocks. It also applies to other types of investments such as options and ETFs.

Meanwhile, a platform fee is charged by brokerage firms when you use their service. Quite often, the minimum fees that you'll pay depends on the prevailing market. 

On this note, do not be fooled by zero-commission free trades that might convince users that trading is absolutely free. Do beware of other fees like a per-share settlement fee that some brokerage accounts charge, especially those without a cap. This could potentially put you in a deficit if the price of each share is low.

A report by The Business Times highlighted a trader who sold his shares for a total of US$5,000, only to realise that he found himself in a US$11,000 deficit because of the high settlement fee that he was charged.

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Charges in different markets

For the US market, moomoo has a slightly lower trading activity fee compared to Tiger Brokers; the former doesn't charge a commission fee and charges a platform fee of US$0.99, whereas Tiger Brokers charge a minimum commission fee of US$0.99. 

When investing, it's important to choose a market that has lower fees, which allows you to spend less in trading costs.  

Other than platform and trading commission fees, there are other expenses that you will incur when trading. For example, the broker-assisted fee, options, and withdrawal fee. Again this depends on the online trading platform. As shown in the table, whether Tiger Broker or moomoo SG would offer lower trading costs depends on the market being traded. 

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Currencies available

As is common with online brokerages, Tiger Brokers and moomoo SG offer foreign exchange facilities, essential when buying or selling foreign stocks and assets. 

When you deposit funds in your accounts you'll do so in SGD, which means you'll need to exchange them for the corresponding currency of the market you're trading. Most of the time, the forex rate depends on the platform you are using. 

For moomoo SG's case, you can also transfer funds via your Wise account, and forex charge will follow the rates offered by Wise. In this regard, moomoo SG has wider availability in many markets and hence there are multiple options for currency exchange.  

Account opening requirements

Both moomoo SG and Tiger Brokers require new users to be at least 18 years old when opening an account. You’ll not be charged any fees during sign up nor will they ask for documents. 

In addition, the payment methods include PayNow, bank transfers, MEPS, FAST, credit and debit cards.

If you're a moomoo user but don't have a bank account in Singapore, you can also transfer funds from your overseas account via Wise (formerly TransferWise). You can fund your account either through Wise balance or bank transfer via Wise. Here's a step-by-step guide on how to do it. 

Despite the similarities, there are some differences between the two platforms. Whereas moomoo SG doesn't require you to have minimum funding, with Tiger Brokers, you require at least S$1 to get started.

For online applications for the US market, you must have a W-8BEN form which is a declaration that you are not a US citizen (and thus not subject to holding tax). 

Trading experience

Both platforms have user-friendly apps that are easy to customise. You can access the apps on iOS, Android, and the desktop. Tiger Brokers’ platform has multiple tools and pagers which you will find on its interface including watchlist, prime account, stock information, news, and discovery. 

You'll also have access to real-time stock data for free. The information helps you to analyse current trends and prices. 

On the other hand, moomoo SG has its own set of investment tools such as watchlist, prime account, stock information, paper trading, and charting tools. 

You can also customise the screen into three sections including tickets, capital, and data. You'll have access to real-time stock data as well.  

Additionally, both moomoo SG’s and Tiger Brokers’ app allow access to futures markets and traditional stocks.

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Depositing and withdrawing funds

Both moomoo SG and Tiger Brokers are pre-funded platforms that require you to deposit funds before trading. 

Each platform allows users to activate email alerts for transfers and withdrawals. In addition, you'll receive notifications if a suspicious transaction is detected. 

Welcome bonuses

moomoo SG is currently offering various sign-up rewards for new users who open an account from 27 February 2025 to 12 May 2025:

Upon successful opening of a moomoo SG securities account, you’ll enjoy:

• Lifetime commission-free trading for the U.S market
• One year free commission-free trades for SG market (stocks, ETFs, and REITs)
• Commission-free trades on US options for up to 100 contracts every month
• Free access to real-time Lvl 2 Market Data for the U.S stock market
• Free access to real-time Lvl 2 Market Data for the SG stock market, effective till 30 June 2025
• Free access to real-time Lvl 1 Market Data for Hong Kong market
• Free access to real-time Lvl 1 Market Data for China A Shares market
• Additional rewards -- Tesla fractional shares and trading cash coupons -- based on cumulative deposit levels.  

Note that rewards are stackable.

On the other hand, Tiger Brokers is also running a welcome promo, giving you up to S$1,000 worth of welcome rewards. 

• Net deposit amount of S$3,000 or more: S$100 US commission card + S$100 Stock cash coupons.
• Net deposit amount of S$10,000 or more: S$200 US commission card + S$200 Stock cash coupons.
• Net deposit amount of S$100,000 or more: S$500 US commission card + S$500 Stock cash coupons.

Safety considerations

Both platforms have put security measures in place to ensure members' investments are safe. 

Tiger Brokers’ investors include big names like Chinese-tech giant Xiaomi and Interactive Brokers. The firm has complied with MAS security requirements and is a holder of Singapore's Capital Market Services Licence. 

Moreover, when accessing your account, you'll be required to use the 2FA authentication feature that guarantees more security. In addition, you'll receive email alerts of transfers and withdrawals.

Moomoo Financial Singapore Pte. Ltd. (“moomoo SG”) is a capital markets services licence holder regulated by the Monetary Authority of Singapore. It's a stable company that has complied with all regulations to offer a platform where members can trade safely. Like Tiger Brokers, you'll receive an alert in case of a deposit, withdrawal, and transfer.

Which is the best option?

Both Tiger Brokers and moomoo SG are excellent platforms for trading. They provide you with a user-friendly interface, competitive pricing, easy account set up, and analytic tools. Besides all that, both have generous bonuses for new users. 

The best choice depends on your preferences. For example, if you want a platform that allows you to invest in global markets, Tiger Brokers would be an ideal choice since it offers access to other markets such as Australia and China. 

On the other hand, moomoo SG’s fees are attractive if you are looking for a cheaper platform to trade. However, the no-minimum commission is a promotion and investors will be observing how much moomoo SG will charge going forward. 

Conclusion

moomoo SG and Tiger Brokers are some of the best online brokerage platforms in Singapore. They are affordable and available on PCs and mobile apps. They are also available in different markets, which gives you a wider choice when making investment decisions. Armed with this guide, you can evaluate whether Tiger Brokers or moomoo SG is the better platform for you. 

Looking to buy or sell shares and securities in different markets? Check out our comparison of online brokerage firms and apply for an account for additional rewards. 

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