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Tiger Brokers 2023 Review: Low Commissions And Attractive Sign-Up Promotions

SingSaver team

SingSaver team

Last updated 29 September, 2023

Tiger Brokers has seen tremendous growth in account openings since joining the big boys in Singapore in 2020. Check out why they’ve made waves in the investment and trading community, plus how you can score a free share, commission-free trades, and more.

Best investment platforms on SingSaver

Tiger Brokers | Syfe | City Index | Stashaway | POEMS | SAXO | Interactive Brokers | moomoo | Endowus | IG Trading | CMC Markets | ProsperUs | Webull

It’s not every day that we see a new player enter the fray, especially when it comes to online brokerages. In March 2020, Tiger Brokers launched in Singapore and it’s safe to say that they’ve more than made their mark. 

In 2022, the brokerage launched Tiger Vault, their cash management solution which gives investors up to 2.4% yield. The cash is liquid and can be used to fund your Tiger Brokers investments over one business day. You can also opt for the Auto Sweep function, which automatically channels your idle cash into the Vault. 

Tiger Brokers' early success has been buoyed by heightened investor interest surrounding trading and investing amidst COVID-19. In Q3 2020 compared to Q2 2020, Tiger Brokers announced a three-fold growth in account openings and a 540% increase in trading value. 

A year later, Tiger Brokers also saw the average first-timer account deposit increase from S$4,000 in Q2 and Q3 2021 to S$5,000 in Q4 2021.

Given its growth and competitive pricing, it's safe to say that Tiger Brokers is one of the most popular brokerages in Singapore. So, is it for you?



What’s Tiger Brokers all about?

Tiger Brokers is an online brokerage platform that is listed on NASDAQ. They provide customers with easy access to global markets, including Singapore, USA, Hong Kong, China, Australia and New Zealand at low commissions. Investors have access to stocks, ETFs, REITs, options, warrants, futures, funds and more on Tiger’s platform.

Here’s what you can find in this review of Tiger Brokers:

Overview of Tiger Brokers

Product summary:

  • What you can invest in: Stocks, ETFs, options, warrants, CBBCs, REITs, futures, funds
  • Minimum balance required: No min. balance or deposit required 
  • Fees for Singapore stocks: 0.03% commission fee, minimum S$0.99; 0.03% platform fee, minimum S$1
  • Fees for US stocks: US$0.005 commission fee, minimum US$0.99 per order; US$0.005 platform fee, minimum US$1 per order
  • Fees for HK stocks: 0.03% commission fee, minimum HK$7 per order; 0.03% platform fee, minimum HK$8 per order
  • Fees for AU stocks: 0.03% commission fee, minimum AU$2 per trade; 0.07% platform fee, minimum AU$2 per order
  • Fees for China A-shares: 0.03% commission fee, minimum CNH7 per trade; 0.03% platform fee, minimum CNH 8 per order

Pros and Cons

Here are the pros and cons of using Tiger Brokers for your investment and trading needs.

Pros of using Tiger Brokers Cons of using Tiger Brokers
Competitive commission fees  Commission fee of US$0.99 per trade for US equities. Min. fee amount also applies for equity trades made on other markets.
Attractive sign-up perks and rewards for trading High number of trade orders required to enjoy the perks of a Silver, Gold or Ace Trader
Wide range of products available for trading  
Dedicated app with a wide range of tools at your disposal  

Why should you trade with Tiger Brokers?

#1 Competitive commission fees

Tiger Brokers offers competitive commission fees for trades across different markets. It is also practically fee-less in these aspects: no custody fees, deposit (or withdrawal) fees, currency exchange fees, inactivity fees or account maintenance fees to contend with!

A 0.03% commission fee, 0.0075% trading fee, and 0.03% platform fees are what you’ll incur if you trade Singapore stocks, ETFs or REITs. If you predominantly trade in the US markets, Tiger charges an affordable US$0.005 commission fee (min. US$0.99) and US$0.005 platform fee (min. US$1 per trade). However, note that you'll also need to pay a settlement fee of US$0.003 per share.

If you’re looking beyond the shores of Singapore and the popular US market, the charges for other markets aren’t too shabby either. 

Check out the fees charged for the respective markets below.

#2 Attractive sign-up perks and rewards for trading

Get rewarded with commission-free trades, access to market data and stock vouchers when you sign up for a new Tiger Brokers account. More specifically, new Tiger Brokers users can now receive a free Apple fractional shares, lifetime zero commissions for US stocks, lucky draw to win a free stock, and more. More details below.

#3 Wide range of products available for trading

An online brokerage platform, Tiger Brokers allows you to trade stocks from markets including Singapore, USA, Hong Kong, Australia and China. Tiger Brokers also offers more than just stock trading, providing access to trade ETFs, options, warrants, futures, funds and more on their platform. 

#4 Dedicated app with a plethora of tools at your disposal

Tiger Brokers has an app for both mobile and desktop, iOS or Android. A visual treat, the Tiger Brokers app is interactive and customisable.

Tiger Brokers also provides their customers with tools including valuation analysis, earnings calendar, a newsroom and the latest research to help your investment strategies. You can also filter popular ETFs and customise filters for your own stock screening purposes.

For whom is Tiger Brokers best for?

If you’re looking for an online brokerage that allows you to trade both Singapore and US markets at competitive commission rates, Tiger Brokers could just be your king of the jungle. With their generous sign-up promotions, Tiger Brokers attracts both new traders as well as traders that execute a large number of orders.

Frequent traders will be rewarded handsomely with the privileges of being a Silver, Gold or Ace Trader.

While Tiger Brokers’ commission fees are competitive, customers that trade in small sizes should still take note of the minimum commission fee charged.

What charges or fees should you look out for?

Tiger Brokers does not charge custody fees, deposit or withdrawal fees, currency exchange fees, inactivity fees or account maintenance fees. However, your trade isn’t executed for free. Here are the commissions that are charged for stock and ETF trades.

  • Singapore stocks: 0.03% with a min. S$0.99 per trade
  • US stocks: US$0.005 with min. US$0.99 per trade
  • Hong Kong stocks: 0.03% per trade, min. HK$7 per trade 
  • China A-shares: 0.03% per trade, min. CNH7 per trade 
  • Australia stocks: 0.03% per trade, min. AU$2 per trade

What does this fee include? This is the fee charged by Tiger Brokers for executing the trade. It does not include the fees charged by the individual stock markets, such as the trading fee, settlement fee and more. Keep in mind that Tiger Brokers charges a platform fee per trade, on top of the aforementioned commissions.

Platform fee charged for stocks and ETFs:

  • Singapore stocks: 0.03% platform fee per trade with min. S$1 per trade
  • US stocks: US$0.005 with min. US$1 per trade
  • Hong Kong stocks: 0.03% per trade, min. HK$8 per trade 
  • China A-shares: 0.03% per trade, min. CNH8 per trade 
  • Australian stocks: 0.07% per trade, min. AU$6 per trade

How is this fee charged? You’ll incur this fee when you execute your trade.

As mentioned, you'll also need to pay a platform fee of 0.03% per trade for SG stocks, and a settlement fee of US$0.003 per share when you sell your US stocks. 

Tiger Brokers has a fee schedule for more advanced assets like options and futures as well. But fret not, because these are largely similar, with commissions and platform fees being levied along with charges that each stock exchange has.

On this note, do not be fooled by zero-commission free trades that might convince users that trading is absolutely free, as advertised by some online brokerage accounts. 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 recent article 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 with a US$11,000 deficit because of the high settlement fee that he was charged.

Also read: Brokerage Fees And Other ‘Hidden Fees’ To Know When Investing In Singapore

What are the promotions available for Tiger Brokers?

Tiger Brokers is currently running a welcome promotion from 26 September until 31 October 2023 for new Tiger Brokers users:

  • Open An Account

    Sign up and open an account with Tiger Brokers (Singapore) Pte Ltd ("TBSPL") during the promotional period to receive 365 days of unlimited commission-free trades for HK, SG, and China A stocks and 180 days of unlimited trades for U.S stocks. 

    (This bonus package is valid for first-time account opening only.)

    Activate the Auto-sweep feature on Tiger Vault

    Activate the Auto-sweep feature on Tiger Vault for the first time on your newly approved account to enjoy a 30-day(trading days only) interest bonus boosted to 8% p.a. Limited to the first 3,000 eligible rewards.

    (This bonus is valid for first-time account opening and first-time activation of the Auto-sweep feature only.)

    Fund and Trade

    • Fund your newly approved account with S$300 or more in one single deposit during the promotion period to receive US$10 of Apple fractional shares (NASDAQ: AAPL).

    • Fund your newly approved account with S$1,000 or more in one single deposit and execute five new BUY trades during the promotion period to receive US$30 of Apple fractional shares (NASDAQ: AAPL) and one sure-win draw attempt to get one free stock valued between S$8.8 to S$888.

    • Mid-Autumn Festival Special: fund your newly approved account with S$1,000 or more in a single deposit and execute five BUY trades during the promotion period and enjoy Starbucks fractional shares worth US$8.8 (NASDAQ: SBUX). 

    (This bonus package is valid for first-time deposits and trades only.)

    The Bonus Tier

    Account Opening

    Unlimited Commission-Free Trades for HK & SG & China A Stocks for 365 days

    Unlimited Commission-Free Trades for U.S. Stocks for 180 days

    Activate the auto-sweep feature on Tiger Vault

    30-day(trading days only) interest bonus boosted to 8% p.a.

    First Deposit ≥ S$300

    US$10 of Apple fractional shares (NASDAQ: AAPL)

    First Deposit ≥ S$1,000 & complete five new BUY Trades

    US$30 of Apple fractional shares (NASDAQ: AAPL)

    One sure-win draw attempt  to get one free stock, valued between S$8.8 to S$888

    S$8.8 of Starbucks fractional shares (NASDAQ: SBUX) [Mid-Autumn Festival Special]

On top of this, you'll also earn additional rewards if you sign up for an account through SingSaver:


SingSaver Exclusive Promotion: Receive S$80 cash via PayNow when you open a Tiger Brokers account and fund any amount. Fund a min. of USD 1,000 on your account or transfer in stocks of the same value from another brokerage to snag an additional S$70 cash (S$150 total) via PayNow. Valid till 17 October 2023. T&Cs apply.

Also, get up to USD 888 worth of prizes and an 8% p.a. interest bonus from Tiger Brokers when you deposit and trade with your Tiger Brokers account. Valid till 31 October 2023. T&Cs apply.


If you already have a Tiger Brokers account, you can also check out the Promotions & Rewards or Popular Events sections of the app to get first dibs on the latest deals and promotions. Tiger Brokers account holders are also encouraged to refer friends to earn even more rewards.

How do you open and fund your Tiger Brokers account?

On Tiger Brokers’ online application page, follow the steps to submit supporting documents such as your NRIC and proof of address. You can also choose between a cash or margin account. 

Pro tip: Use SingPass to speed up your application process!

To fund your account, you will have to do a bank transfer. You can transfer in SGD, USD, HKD, EUR and AUD and your Tiger account can hold funds in multiple currencies at the same time. 

After depositing the funds, you will have to click the button that says ‘Funds Remitted. Inform Tiger to check on the app. Your fund deposit status will be updated via the Tiger Trade app. Once the funds have been deposited into your account, you’re good to go!

Tiger Brokers vs IBKR vs TD Ameritrade vs moomoo

  Tiger Brokers Interactive Brokers (IBKR) TD Ameritrade moomoo
Commission fee SGX stocks: 0.06% (including platform fee)

US stocks: US$0.01, min. US$1.99 per trade (including platform fee)
SGX stocks: 0.08% of trade value, min. S$2.50 per order 

US stocks: US$0.005 per share, min. US$1 per order 
$0 (for US exchange-listed stocks, ETFs and option trades)  SGX stocks: 0.06% of the transaction amount, min. S$1.98 (including platform fee)

US stocks: US$0.0049 per share, min. US$0.99 per order (including platform fee)
Minimum deposit None, but min. S$1,000 is required in order for sign-up promotion None None None, but min. deposit of S$100 is required to be eligible for sign-up promotion
Maintenance fee None None None None

IBKR, TD Ameritrade and moomoo all offer lower commissions, particularly for US stocks. However, Tiger Brokers remain competitively priced while dangling enticing promotions for new customers.

If you’re still unsure if Tiger Brokers is for you, check out this article for the best brokerage accounts in Singapore.

Read these next:
moomoo Review: Low Cost Trades And A Free AAPL Share
Interactive Brokers (IBKR) Review: Pros, Cons and Why They’re So Popular
Online Brokerage Comparison: IBKR vs Tiger Brokers vs TD Ameritrade
Best Brokerage Accounts To Start Your Investment Journey In Singapore
Investing In Exchange Traded Funds (ETFs): A Newbie’s Guide To Getting Started


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