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 Tiger Brokers v1, Easily trade US HK SG. Regulated by SG.

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TShonsiong
post Dec 22 2020, 03:22 PM, updated 3y ago

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Tiger Brokers may actually dethrone IBKR, TD Ameritrade etc to be the easiest brokerage for Malaysians to open account and trade US stocks with next to nothing in commission fees.

Key benefits:-
1. They support mykad KYC out of the box and even approved my account over the weekend, crazy. rclxms.gif
2. If you have SG bank acc, it's brain dead easy to get started
3. If you don't have SG bank, read No Money Lah's guide as mentioned below.
4. It's regulated by Monetary Authority of Singapore, and use DBS as custodian.

Links:
- Tiger Brokers Homepage
- Fees table

Mentioned by Malaysia bloggers:
- No Money Lah - good guide for Malaysians to get started
- moneyblog.my

Tips:
1. Consider opening CIMB Singapore account instead of doing the expensive telegraphic transfers from your MYR bank account. Watch Ziet's video to learn how.
2. Telekom users will need to change your DNS to access Tiger Brokers. Telekom's own DNS blocks Tiger for unknown reasons, maybe because Tiger is on Suruhanjaya Sekuriti's watchlist.



This post has been edited by honsiong: Mar 24 2021, 12:06 PM
Yggdrasil
post Dec 22 2020, 03:33 PM

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QUOTE
US Stocks & ETFs
0.01 USD/share
min. 1.99 USD / trade


How does this beat IBKR?
Doesn't have Europe stocks and interest rate for margin is higher.
TShonsiong
post Dec 22 2020, 03:38 PM

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QUOTE(Yggdrasil @ Dec 22 2020, 03:33 PM)
How does this beat IBKR?
Doesn't have Europe stocks and interest rate for margin is higher.
*
I believe Tiger beats them in being "the easiest brokerage for Malaysians to open account" to trade in overseas markets. It's especially great for ikan bilis. Correct me if I am wrong.
a16791
post Dec 22 2020, 03:48 PM

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Confirm the ease of opening for tiger brokers. Manage to get some cash back using the referral code too.

Best part is both party receive cash back.

This post has been edited by a16791: Dec 22 2020, 03:48 PM
yehlai
post Dec 22 2020, 03:56 PM

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IBKR approved my account in 1 week
IBKR also accept Singapore Bank account

But still good guide at 1st post

polarzbearz
post Dec 22 2020, 06:08 PM

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I did consider Tiger Brokers during my search for foreign brokers but dropped it for few factors, mostly around establishment & international coverage/presence. Cost wise I don't find much differences compared to IBKR/TSG, but perks of signing up - definitely Tiger Brokers laugh.gif
Pewufod
post Dec 22 2020, 07:12 PM

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approved within an hour..
james.6831
post Dec 22 2020, 07:46 PM

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thanks for sharing...will check this out...
Disciple
post Dec 25 2020, 01:10 PM

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Anyone started trading with tiger brokers?

This post has been edited by Disciple: Dec 25 2020, 01:29 PM
TShonsiong
post Dec 25 2020, 01:49 PM

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QUOTE(Disciple @ Dec 25 2020, 01:10 PM)
Anyone started trading with tiger brokers?
*
Bought some US shares with it. So far so good.

Options trading requires opening margin account though, can’t wait to join wsb and get some tendies.
xcxa23
post Dec 25 2020, 02:08 PM

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Tried to search for fee involving withdrawal, deposit, account, but nothing come up.
Is it free?

Saw from the blog, no third party money transfer so transfer wise and bigpay is no go?


reddevil
post Dec 25 2020, 07:34 PM

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Does it have web platform? or just mobile trade app?
lamode
post Dec 25 2020, 07:34 PM

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QUOTE(honsiong @ Dec 22 2020, 03:22 PM)
... trade US stocks with next to nothing in commission fees.

*
dont think so. they are VERY expensive compared to IBKR.

for example, min $1.99 vs $0.35 per trade, 5.6 times higher. shocking.gif
$0.01/share vs 0.0035 per share, 2.8 times higher.

good thing is they provide real time quote for free.

QUOTE(Yggdrasil @ Dec 22 2020, 03:33 PM)
How does this beat IBKR?
Doesn't have Europe stocks and interest rate for margin is higher.
*

thumbup.gif thumbup.gif thumbup.gif



This post has been edited by lamode: Dec 25 2020, 07:38 PM
annoymous1234
post Dec 26 2020, 09:46 AM

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anyone transfer from pbb? how's the fees like?
a16791
post Dec 26 2020, 11:57 AM

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QUOTE(xcxa23 @ Dec 25 2020, 02:08 PM)
Tried to search for fee involving withdrawal, deposit, account, but nothing come up.
Is it free?

Saw from the blog, no third party money transfer so transfer wise and bigpay is no go?
*
https://www.tigerbrokers.com.sg/help/detail/funds-withdrawal

The brokerage that I have come across do require the deposit coming from the same ac holder.

For tiger they dont even accept deposit from join ac .
a16791
post Dec 26 2020, 11:58 AM

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QUOTE(reddevil @ Dec 25 2020, 07:34 PM)
Does it have web platform? or just mobile trade app?
*
Dont have web platform . Only Mac oc / windows app. Or iOs / android app.

annoymous1234
post Dec 26 2020, 01:46 PM

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QUOTE(a16791 @ Dec 26 2020, 11:57 AM)
https://www.tigerbrokers.com.sg/help/detail/funds-withdrawal

The brokerage that I have come across do require the deposit coming from the same ac holder.

For tiger they dont even accept deposit from join ac .
*
Did I read correct? usd 25 to withdraw?
Pewufod
post Dec 26 2020, 02:51 PM

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QUOTE(annoymous1234 @ Dec 26 2020, 01:46 PM)
Did I read correct? usd 25 to withdraw?
*
i believe those are bank charges
tiger broker itself does not charge
xcxa23
post Dec 26 2020, 06:18 PM

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QUOTE(a16791 @ Dec 26 2020, 11:57 AM)
https://www.tigerbrokers.com.sg/help/detail/funds-withdrawal

The brokerage that I have come across do require the deposit coming from the same ac holder.

For tiger they dont even accept deposit from join ac .
*
thanks!
withdrawal fee = USD25

same bank account and account holder, yes, its sorta like anti money laundering
afaik, trading212 accepts bigpay, according to forummer here tho apparently they revise their fees
abcn1n
post Dec 27 2020, 03:44 PM

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Do Tiger Brokers allow trading of partial lots for USA stocks as some USA stocks are real expensive?

I think if withdraw to DBS/POSB Singapore, no fees.



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