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Tiger Brokers share trading review
Take advantage of competitive brokerage when you trade shares on US and Asian markets.
Tiger Brokers is designed to suit Kiwi investors who want to invest in global markets. While it doesn’t provide access to NZX-listed stocks, it allows you to trade in the US, Australia, Hong Kong and Singapore as well as China A-shares. If you want to trade on the NZX, you’ll need to consider other options.
Tiger Brokers also offers its own user-friendly desktop and mobile apps for traders. However, the range and type of investments on offer may mean the platform is better suited to people with some prior investing experience under their belt.
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Quick verdict
Good for
- Access to markets in China, the USA, Australia and more
- Mobile and desktop trading apps
- User-friendly interface
- Access to China A-shares
- Wide range of order types
Not so good for
- Investing in NZX shares – Tiger does not offer NZ stocks
- Need to upload a screenshot when depositing funds into your account
Special offers available with Tiger Brokers
Exclusive Offer
Sign up to Tiger Brokers and use code FINDERNZ to receive a $10 stock voucher on your first deposit, as well as a $30 stock voucher if you deposit within 3 days of opening your account. T&Cs apply.
Tools and features of Tiger Brokers
Open a Tiger Brokers account to take advantage of the following features:
- Proprietary desktop and mobile apps. Tiger Brokers offers its Tiger Trade desktop platform and a mobile trading app available on both Android and iOS devices. At the time of writing, the mobile app had an average customer review score of 4.7/5 in Apple’s App Store and 4.5/5 in the Google Play store.
- Access to 7,000-plus shares. Tiger Brokers provides access to a variety of overseas markets, allowing you to buy and sell shares in more than 7,000 companies.
- Free real-time data. You can access free real-time stock prices to help you make informed trading decisions based on how the market is moving.
- Company research. Tiger Brokers customers can access company financial information, global financial news and an economic calendar to gain a more complete picture of what the market is doing.
- Trading tools. Use the Tiger Trade app to access detailed analytics, stock screeners, candlestick charts and more.
- Order types. Tiger Brokers supports limit and market orders as well as stop-limit, stop-loss and conditional orders.
What accounts are available?
Tiger Brokers offers two account types:
Cash account
This account allows you to trade using the funds you have available. Margin trading and short selling are not offered.
Margin account
As well as trading with cash, this account provides access to margin trading and short selling.
Which markets can I invest in?
- You can use your Tiger Brokers account to trade:
- Stocks and ETFs. Trade China A-shares and US, Hong Kong, Singapore and Australian stocks.
- CBBCs (callable bull/bear contracts) and options. Trade US stock options, Hong Kong options, and warrants and CBBCs.
- Futures. Trade index, treasury, metal, energy, forex, agriculture, equity and Bitcoin futures.
The platform provides access to the following exchanges:
- New York Stock Exchange (NYSE)
- Nasdaq Stock Market (NASDAQ)
- American Stock Exchange (AMEX)
- Pink Sheet Exchange (PK)
- Singapore Exchange (SGX)
- Hong Kong Exchange (HKEX)
- Shanghai Stock Exchange/Shenzhen Stock Exchange through the “Shanghai-Shenzhen-Hong Kong Stock Exchange Trading Interconnection Mechanism” of HKEX
- Australian Securities Exchange (ASX)
Is Tiger Brokers trustworthy?
Tiger Brokers (NZ) Limited is a New Zealand Registered Financial Service Provider and was incorporated in NZ in 2015. Its parent company, online brokerage firm UP Fintech Holding Limited, is known as Tiger Brokers. It was founded in 2014 and listed on the NASDAQ in 2019. The company has offices in Auckland, Singapore, New York, Beijing and Sydney.
The subsidiaries of Tiger Brokers are also registered with and regulated by relevant bodies in a number of countries around the world. For example, its Australian subsidiary holds an Australian Financial Services Licence and is regulated by the Australian Securities and Investments Commission. Check the Tiger Brokers website for full details of where the company is regulated.
In terms of your funds, client money is segregated and held in client trust accounts by a custodian. Tiger Brokers also sends email notifications for all account deposits and withdrawals, and offers its Tiger Token app so you can set up two-factor authentication on your account.
What are Tiger Brokers’ fees?
Tiger Brokers offers competitive brokerage fees, with commissions starting from USD$0.0039/share on US shares and 0.11% of trade value on Australian stocks. The amount and type of fees that apply vary depending on the market and asset being traded, but Tiger Brokers offers a detailed breakdown of all charges on its website.
| Market | Fees |
|---|---|
| US stocks | Trading commission: $0.0039 USD per share, minimum of USD$0.99 Platform fee: USD$0.004/share, minimum of USD$1 |
Please note that there are also third-party fees (i.e., fees that are not charged by Tiger Brokers) to contend with when trading US stocks, including the external agency fee and trading activity fee (USD$0.00396/share, minimum of USD$0.99), SEC membership fee (0.0000051 of trade value) and American Depositary Receipt fee (USD$0.01-0.03/share).
| Market | Fees |
|---|---|
| Australian stocks | Trading commission: 0.11% of trade value (minimum of AUD$8.80 per trade) |
| China A-shares | Trading commission: 0.03% of trade value Platform fee: CNY15The following third-party fees also apply:Product handling fee: 0.00487% of trade value Securities management fee: 0.002% of trade value Settlement payment: 0.004% of trade value Stamp duty: 0.1% of trade value (rounded to CNY100 and only charged on sell orders) |
| Hong Kong stocks | Trading commission: 0.029% of trade value Platform fee: HKD$15The following third-party fees also apply:Trading fee: 0.005% of trade value + HKD$0.5 Settlement and delivery cost: 0.002% of trade value (HKD$2 minimum and HKD$$100 maximum) Transaction levy: 0.0027% of trade value< Stamp duty: 0.13% of trade value (rounded up to HKD$1 if necessary) FRC Transaction Levy: 0.00015% of trade value |
| Singapore stocks | Trading commission: 0.12% of trade value (minimum commission of SGD$3.32, USD2.36 or HKD$23.76 per trade) The following third-party fees also apply: Trading fee: 0.0081% of trade value |
Note: Different fees also apply when you trade options, futures and other asset types. Check the Tiger Brokers website for full details.
How do I sign up?
Here’s what you need to do to register for a Tiger Brokers account:
- Click the “Open Account” link on the Tiger Brokers website.
- Choose to register with either your phone number or email address.
- Provide details of your country of birth and residence, nationality and tax residency.
- Enter your name, contact details and date of birth.
- Provide proof of ID using your driver’s licence or passport, and supply proof of your address.
How do I contact Tiger Brokers support?
You can get in touch with the Tiger Brokers customer support team via:
- Phone: (09:30-18:30 on trading days, with Chinese and English language services available)
- Email: clientservices@tigerbrokers.nz
Tiger Brokers also has an online help centre where you’ll find details of account features as well as the answers to a wide range of FAQs.
Bottom line
The fact that Tiger Brokers offers access to Asian as well as US markets is good news for investors targeting international opportunities. Its fees are also transparent and competitive, and it offers its own user-friendly trading apps.
However, Tiger Brokers may not be the most suitable option for novice investors, while those wanting to trade NZX shares will need to look elsewhere.
But Tiger Brokers’ offering is well worth a look for anyone who wants to invest overseas, so compare it with other online share trading accounts to decide whether it’s right for you.
