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.
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

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.

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

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

But still good guide at 1st post

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

approved within an hour..

thanks for sharing...will check this out...

Anyone started trading with tiger brokers?

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

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.

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?

Does it have web platform? or just mobile trade app?

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

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

good thing is they provide real time quote for free.





This post has been edited by lamode: Dec 25 2020, 07:38 PM

anyone transfer from pbb? how's the fees like?

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 .

Dont have web platform . Only Mac oc / windows app. Or iOs / android app.

Did I read correct? usd 25 to withdraw?

i believe those are bank charges
tiger broker itself does not charge

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

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.

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$

1. usually withdrawal via TT/wire transfer will cost $$, local banks does not

2. i am not sure

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

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?

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?

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.

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.

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.

Thanks

Ahh..didn't know about the S$200k thingy. I guess like that, best to transfer multiple times in order to avoid the charges

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.

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.

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.

I used a referral link given by my friend, got some trade fee waivers, but I only used 1x so far.

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

I see. Thanks

Nothing in the link/website

Thank you

A lot of people missed out as they do a trial deposit of small amount . After that only deposit bigger amount .

Yeah.

Has anyone tried depositing it through TW Borderless USD account?

Has anybody transferred stocks from other brokers to Tiger Brokers? How long did it take and was there any problem?

Honsiong 1) Also, I transferred SGD from Singapore bank to Tiger Brokers. Noticed that they gave me a USD cash figure. Is it automatically they will convert my SGD to USD or is my $ still in SGD?

2) If I were to buy US stocks, is it I have to convert my SGD to USD first or will Tiger Brokers automatically convert for me when I buy the US stock

This post has been edited by abcn1n: Jan 4 2021, 05:43 PM

The usd is your total asset figure . Your sgd remain intact .

You have to convert your usd to sgd only u can buy USA stocks .

Anyone having connection issues?
I can't connect unless i use data
Both app and desktop

No issue .

Thanks for the reply, changed my DNS settings and its alright now

Which DNS provider blocking, telekom?

it was previously default so ya must be telekom

Thanks. The app looks complicated to use. Too many things

Thier statement also difficult to read

Facing the same problem now. Desktop connect to wifi ok. Hp connect to same wifi got problem . Than hp switch to data problem solve .

Using Unifi . At home using time no such issue .

Yes
i am using unifi at home too

I know. I tried adding stocks to watchlist and couldn't do it. Wanted to buy some stock but due to app difficulty, until now never place order. Have to wait for when I'm in a better mood and more free to figure out how to use the app.

I only use the app solely for order. Watch list I use yahoo finance .

16791 I see. I finally managed to add stock to watchlist. However, noticed that I need to convert my SGD to USD before I can buy shares. Wish they would automatically convert it for me when I buy as I tend to use market order. By having to convert first, always have to convert extra as rate also indicative. Wish they would improve this part like how FSM does.

Each broker has their own system. Just have to get used to it . Tiger is good for reading info in HK stocks provided you can read in mandarin . Of course they can auto translate but I find it more difficult to read .

More interested in USA stocks instead of HK stocks.

Should rephrase prc stocks listed on hkex . Those old economy hk stocks no longer doing well especially hsbc . So many hk people got burn when they cancel their dividend after ex .

Has anyone tried withdraw money from Tiger Broker account? I read complaint from internet (both in Chinese and English) that users were facing problem in withdrawing money from Tiger Broker.

Anyone facing delays in trading in Tiger Broker?

Which DNS to use? I am using google still having issue with tiger. I am using unifi home too

This post has been edited by gsfeng: Jan 8 2021, 10:12 AM

The desktop app could display stock prices but unable to show orders as well as assets .

Mine too, u using unifi home?

Yup. All this while no issue .

i changed my DNS to google dns
8.8.8.8
8.8.4.4

Hi, I encountered the same problem. I am using unifi and umobile data.
May I know if you have solved the problem?

1) Having problems with the handphone app. It keeps asking me to log in (but there's no place/button to log in). All my individual orders/stocks are missing although under 'trade' I can see my total cash and total stocks $ . When I clicked on me--tiger account, it shows I have $0.

So how to log in? This app really weird. If I am really logged out, how come in some parts can see some of my stuff but in others, completely $0 and no orders fulfilled.


2) The commission free for 5 trades is only $0.99 and not $1.99? Anybody got the full $1.99?

This post has been edited by abcn1n: Jan 13 2021, 02:01 AM

Try using your 4G see whether you are able to solve the problem .

Ya the trade rebate is $0.99 . Didn't bother to ask why it's not $1.99.

Solved .

i changed my DNS to google dns
8.8.8.8
8.8.4.4

a16791 How to use 4G to do it on android phone? Sorry, not tech savvy.

I mean instead of connecting your phone to wifi u disconnect the wifi and use telco data mode.

Thanks. Anyway, got back my individual trades just now without having to do anything. Funny thing is apps still asking me to log in. If this happens again, will switch from wifi to phone telco and see what happens

i have the same question in mind. did anyone successfully withdraw money from tigerbroker? thnanks

Anyone can login recently through unifi?

Mentioned before. Switch your DNS away from Telekom, use maybe https://1.1.1.1

Yup, try that, no luck still.

I'm unable to perform deposit/ withdraw transaction with the error message below. Anyone facing this issue? Even their website is not accessible from mobile browser with same error.



Found solution below. It seems that its mobile app is blocked as well by TM?! Changed my DNS to Google DNS on my PC but never thought that they are able to block mobile app as well...

Android 9 supports "Private DNS" which uses DNS-over-TLS to provide security and privacy for your DNS queries. You can configure it with the following steps.

Go to Settings > Network & Internet > Advanced > Private DNS.
Select Private DNS provider hostname.
Enter dns.google as the hostname of the DNS provider.
Click Save.

This post has been edited by DARKSIDE: Jan 20 2021, 09:40 AM

Try a USD withdrawal yesterday to DBS. Submitted 4.30pm and they request to submit bank statement for the first time. By 6pm funds is in my account .

Same, pretty quick actually.

Also got buy GME?

Haha. Not my cup of tea.

A lot of new born millions last night. Hopefully, no one here try to short it.

anyone done the Due diligence , is this legit ?

https://eservices.mas.gov.sg/fid/institutio...NGAPORE-PTE-LTD

Regulated by MAS.
Bank account DBS.
Uses Interactive Brokers at the back.

are you using it ? can trade all kind of US stock ?

Yes. USA , HK , SGX , ASX.

can you help me search if this stock is available under their product ?

SNDL Sundial Growers

they dont have demo account i cant search it

Anyone wanna exchange angpow opening?

How to change DNS of unifi mobile ?

Omg ! Rocket !

Anyone aware of Tiger Brokers listed under the Investor's Alert List?



And they are blocked in Malaysia. Damn SC.

Is that the reason why unifi dns cant work?

I am no tech expert, but I can suspect so. VPN usage is likely the only means to access it. Try using Opera with VPN on to check.

They already blocked TD Ameritrade US website.

I am increasingly worried that they will move ahead with banning IBKR and TD Ameritrade SG. Last in their list would likely be FSM SG.

Too bad we poor Malaysians.

Yes I was looking at it. And I'm still weighing between IBKR and Tiger..

Primary reasons for Tiger for me is

1. Tradingview.com... IBKR seems to be delayed... i thought it was just the paper-trading simulator, but my friend who has a margin account said the delay is the same.
2. Fear of a class action lawsuit against IBKR after what they did last night. There isn't one filed yet, but RH already kena. Will the lawsuit affect the trading accounts?

This post has been edited by HuorEarfalas: Jan 29 2021, 03:36 PM

The delay is obviously how they make money from you. If they straightaway provide you with real-time data they will make less money. There are business reasons behind. Brokerage business is cut-throat business especially in the US (think "commission-free" trading app and M&A between TDA and Schwab), so this is unsurprising.

If you are a trader then delayed data is unacceptable, but for long-term investors, the 1-2 minute delay in an uneventful day would not really have a big impact in your long-run profits. Plus IBKR's P&L data is in real-time, with a bit of maths, you can work out the actual securities' price easily.

Lawsuits are the norm in any brokerage firms. Tiger is backed by IBKR as well. And not to mention Tiger has its own problem: https://geoinvesting.com/up-fintech-holding...ndering-scheme/

FINRA has a database that list out lawsuits by firm, I think.

https://brokercheck.finra.org/

You need to be prepared for all these when you begin investing. This is part and parcel of investing.

This post has been edited by TOS: Jan 29 2021, 03:49 PM