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

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abcn1n
post Dec 27 2020, 03:47 PM

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QUOTE(xcxa23 @ Dec 26 2020, 06:18 PM)
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
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If withdraw to DBS/POSB Singapore account, no withdrawal fee right?

A bit confused. If we transfer S$ from Singapore bank account to tiger brokers, it will remain in S$ in tiger brokers account right? It will only be in US$ if we choose to convert it to US$
xcxa23
post Dec 27 2020, 05:58 PM

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QUOTE(abcn1n @ Dec 27 2020, 03:47 PM)
If withdraw to DBS/POSB Singapore account, no withdrawal fee right?

A bit confused. If we transfer S$ from Singapore bank account to tiger brokers, it will remain in S$ in tiger brokers account right? It will only be in US$ if we choose to convert it to US$
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1. usually withdrawal via TT/wire transfer will cost $$, local banks does not

2. i am not sure
abcn1n
post Dec 27 2020, 11:53 PM

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QUOTE(xcxa23 @ Dec 27 2020, 05:58 PM)
1. usually withdrawal via TT/wire transfer will cost $$, local banks does not

2. i am not sure
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Thanks. For me, as I have a DBS Singapore account, withdrawal should not be a problem then.



This post has been edited by abcn1n: Dec 27 2020, 11:55 PM
TShonsiong
post Dec 28 2020, 12:05 AM

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QUOTE(abcn1n @ Dec 27 2020, 03:47 PM)
If withdraw to DBS/POSB Singapore account, no withdrawal fee right?

A bit confused. If we transfer S$ from Singapore bank account to tiger brokers, it will remain in S$ in tiger brokers account right? It will only be in US$ if we choose to convert it to US$
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It doesn't matter if we pick deposit SGD, USD, HKD deposit it still says DBS account, so maybe its a bit like DBS Vickers, they are using a multi-currency account?
abcn1n
post Dec 28 2020, 12:48 AM

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QUOTE(honsiong @ Dec 28 2020, 12:05 AM)
It doesn't matter if we pick deposit SGD, USD, HKD deposit it still says DBS account, so maybe its a bit like DBS Vickers, they are using a multi-currency account?
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honsiong I don't think they allow us to deposit USD or HKD directly into USD and HKD account right if we are Malaysian citizens? I think its more like we deposit SGD but then we can choose to convert the SGD into HKD or USD in Tiger Brokers?
TShonsiong
post Dec 28 2020, 01:19 AM

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QUOTE(abcn1n @ Dec 28 2020, 12:48 AM)
honsiong I don't think they allow us to deposit USD or HKD directly into USD and HKD account right if we are Malaysian citizens? I think its more like we deposit SGD but then we can choose to convert the SGD into HKD or USD in Tiger Brokers?
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I think lah, citizenship only matters when one signs up, the rest depends on whether you have SG bank account or not. I should have opened a DBS multi-currency acc to try before leaving SG, I think Tiger accepts USD and HKD if the transfer is done locally within SG.

If tak da SG bank acc, then have to send SGD over then convert in app, I think got a tiny spread.
a16791
post Dec 28 2020, 08:19 AM

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QUOTE(abcn1n @ Dec 27 2020, 03:47 PM)
If withdraw to DBS/POSB Singapore account, no withdrawal fee right?

A bit confused. If we transfer S$ from Singapore bank account to tiger brokers, it will remain in S$ in tiger brokers account right? It will only be in US$ if we choose to convert it to US$
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In general withdrawal of SGD to any sg a/c is foc unless is in excess of SGD 200k.

Yes. If you transfer SGD to tiger it would remain as SGD. The tiger forex rate is much competitive vs bank so its worth to do conversion there.

a16791
post Dec 28 2020, 08:27 AM

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QUOTE(honsiong @ Dec 28 2020, 01:19 AM)
I think lah, citizenship only matters when one signs up, the rest depends on whether you have SG bank account or not. I should have opened a DBS multi-currency acc to try before leaving SG, I think Tiger accepts USD and HKD if the transfer is done locally within SG.

If tak da SG bank acc, then have to send SGD over then convert in app, I think got a tiny spread.
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If dont have SG bank ac I think more straight forward . Just wire the currency you need directly to tiger .

Even if you have SG bank ac with USD / HKD you still have to wire the amount as tiger does not accept cheque deposit. Exception case would be dbs where its just online transfer and no charge incurred.


abcn1n
post Dec 28 2020, 11:34 AM

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QUOTE(honsiong @ Dec 28 2020, 01:19 AM)
I think lah, citizenship only matters when one signs up, the rest depends on whether you have SG bank account or not. I should have opened a DBS multi-currency acc to try before leaving SG, I think Tiger accepts USD and HKD if the transfer is done locally within SG.

If tak da SG bank acc, then have to send SGD over then convert in app, I think got a tiny spread.
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Thanks

QUOTE(a16791 @ Dec 28 2020, 08:19 AM)
In general withdrawal of SGD to any sg a/c is foc unless is in excess of SGD 200k.

Yes. If you transfer SGD to tiger it would remain as SGD. The tiger forex rate is much competitive vs bank so its worth to do conversion there.
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Ahh..didn't know about the S$200k thingy. I guess like that, best to transfer multiple times in order to avoid the charges

QUOTE(a16791 @ Dec 28 2020, 08:27 AM)
If dont have SG bank ac I think more straight forward . Just wire the currency you need directly to tiger .

Even if you have SG bank ac with USD / HKD you still have to wire the amount as tiger does not accept cheque deposit. Exception case would be dbs where its just online transfer and no charge incurred.
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Jordy
post Dec 31 2020, 10:27 AM

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QUOTE(abcn1n @ Dec 27 2020, 03:44 PM)
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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No, Tiger Brokers do not allow buying of fractional shares like eToro does. If you want to buy fractional shares, need to use eToro but some counters are not available in eToro, not sure why as I do not use that.
The one advantage of buying US shares is that the minimum quantity you can buy is 1 share, so that makes it a lot more easier even if the share price is like Tesla. Still can buy 1 share and the cost also won't be that high.
abcn1n
post Dec 31 2020, 04:54 PM

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QUOTE(Jordy @ Dec 31 2020, 10:27 AM)
No, Tiger Brokers do not allow buying of fractional shares like eToro does. If you want to buy fractional shares, need to use eToro but some counters are not available in eToro, not sure why as I do not use that.
The one advantage of buying US shares is that the minimum quantity you can buy is 1 share, so that makes it a lot more easier even if the share price is like Tesla. Still can buy 1 share and the cost also won't be that high.
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Fractional lots, not shares. I don't know can buy fractional shares--first time I've heard of this. Yeah, some USA shares are damn expensive to buy 1 lot.
abcn1n
post Jan 1 2021, 09:29 PM

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QUOTE(honsiong @ Dec 22 2020, 03:22 PM)
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
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honsiong Did you use the referral in the link you provided? If so, what rewards do we get?


QUOTE(a16791 @ Dec 22 2020, 03:48 PM)
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.
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a16791 How much cash did you receive? I clicked on the link that honsiong provided (no moneylah) for referral but my account doesn't show any cash or rewards. Only saw under 'rewards center' 1 commison and 1 quote card and free monthly market data.
TShonsiong
post Jan 1 2021, 09:48 PM

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QUOTE(abcn1n @ Jan 1 2021, 09:29 PM)
honsiong Did you use the referral in the link you provided? If so, what rewards do we get?
a16791 How much cash did you receive? I clicked on the link that honsiong provided  (no moneylah) for referral  but my account doesn't show any cash  or rewards. Only saw under 'rewards center' 1 commison and 1 quote card and free monthly market data.
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I used a referral link given by my friend, got some trade fee waivers, but I only used 1x so far.
a16791
post Jan 2 2021, 09:05 AM

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QUOTE(abcn1n @ Jan 1 2021, 09:29 PM)
a16791 How much cash did you receive? I clicked on the link that honsiong provided  (no moneylah) for referral  but my account doesn't show any cash  or rewards. Only saw under 'rewards center' 1 commison and 1 quote card and free monthly market data.
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U can refer to the tnc here https://www.tigerbrokers.com.sg/activity/fo...11®ion=SGP#/

This post has been edited by a16791: Jan 2 2021, 10:23 AM
abcn1n
post Jan 2 2021, 12:56 PM

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QUOTE(honsiong @ Jan 1 2021, 09:48 PM)
I used a referral link given by my friend, got some trade fee waivers, but I only used 1x so far.
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I see. Thanks

QUOTE(a16791 @ Jan 2 2021, 09:05 AM)
Nothing in the link/website
a16791
post Jan 2 2021, 10:11 PM

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QUOTE(abcn1n @ Jan 2 2021, 12:56 PM)
I see. Thanks
Nothing in the link/website
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user posted image
abcn1n
post Jan 3 2021, 12:01 AM

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QUOTE(a16791 @ Jan 2 2021, 10:11 PM)
user posted image
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Thank you smile.gif
a16791
post Jan 3 2021, 11:02 AM

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QUOTE(abcn1n @ Jan 3 2021, 12:01 AM)
Thank you smile.gif
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A lot of people missed out as they do a trial deposit of small amount . After that only deposit bigger amount .

abcn1n
post Jan 3 2021, 01:21 PM

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QUOTE(a16791 @ Jan 3 2021, 11:02 AM)
A lot of people missed out as they do a trial deposit of small amount . After that only deposit bigger amount .
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Yeah.
solstice818
post Jan 4 2021, 04:49 PM

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Has anyone tried depositing it through TW Borderless USD account?

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