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



And they are blocked in Malaysia. Damn SC.

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.

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

My 6th sense is telling me that they are clamping down hard on foreign brokers. I only trust FSM SG and IBKR. Too few options.

Monopolistic practice by banks and local brokerage firms due to over-regulation and stupid currency control by the Central Bank of Malaysia means opening up of foreign brokerage business is unlikely to materialize anytime soon. Keep our fingers crossed.

Why suddenly so many people tag me lol

I hope IBKR is spared from SC's killing. That's my broker now and I need it to access Singapore's capital market.

Ok, now Futu is blocked as well, the one backed by Tencent...

https://www.sc.com.my/regulation/enforcemen...stor-alert-list

https://www.theedgemarkets.com/article/sc-b...xtm-nine-others

The funny thing is, you can still access the webpage: https://www.fututrade.com/

SC thinks they know better than MAS, SFC and SEC. (Read: They want to protect local brokerage firms by "protecting us investors".)

I think use TOR also ok. https://www.torproject.org/

Stop-loss is not widely used these days. It's banned from many exchanges because of this https://www.cnbc.com/2015/11/18/why-will-th...top-orders.html

Limit orders are more common. Try limit order. Useful to prevent sudden volatile movement in the market.

It won't end. After Tiger, you have MooMoo, after Moomoo others will come too. The entry barrier isn't high in the brokerage market, unlike banks. Profit margin is high, it's too attractive to ignore, more so given the scalability of the business. Suggest you guys to stick to one or two brokers. Too many brokers will make management a hassle. Again, don't be fooled by too many sweet deals. Aim for the long-term usage, not just upfront gifts.

Just my 2 cents.

This post has been edited by TOS: Apr 24 2021, 06:28 PM

You are certainly right, from a customer's point of view.

What I am commenting on is their marketing strategy and business strategy. Customers can choose, nothing wrong, but brokerage account is not like FD account where you can withdraw and close then move to a new one with better FD rates. The cost of moving around, searching, experiencing involves cost (from economics point of view), something the user must factor in when making choices.

So I advocate users to look for the long-run, not to be "fooled" by short-term incentives like "welcome gifts". There are a lot more potential entrant players into brokerage business. Revolut, Stashaway, Ant Financial, WeLab, and the fintech startup players from Indonesia.

If you keep trying, it won't end anytime soon. But in the end, you will have to settle down to one brokerage account. (I do not know anyone who keep moving their brokerage account from one broker to another, some brokers actually charge a fee if clients move funds out of them).

Freebies again

Come on, lower commissions in the long run, good UI, good customer support, stable platform with minimal downtime etc. still matter more than that one-time freebies. Why can't people realize that this is just a marketing trick lol.

Look at the practical side. Not some free stocks, coupons, no-commission period for 3 month etc.

It's possible. Look up this Stock Connect thing. https://www.hkex.com.hk/Mutual-Market/Stock...nect?sc_lang=en

https://www.hkex.com.hk/-/media/HKEX-Market...tor_Book_En.pdf

Tiger allows A Shares trading anyway. https://www.tigerbrokers.com.sg/commissions/fees/stocks_etf

Not sure if that one has any restriction. Stock connect route certainly no issue.

I don't use Tiger, but nowhere in the website points to ineligibility of trading, for me. You may want to contact them to ask for info.

https://www.tigerbrokers.com.sg/help/detail/china-a-shares

This site clearly mentions the northbound trading via stockconnect. https://www.tigerbrokers.com.sg/help/detail...ducts-available

No restrictions are mentioned in either page.

Hmm funny. IBKR just apply for permission then can trade northbound. Most brokerage service offer HK stock connect services too.

Wait for others to reply.

Thanks for the update.

Regarding the website that you requested, which country's data are you looking for? Usually Yahoo finance has a bunch of them, also look for investing.com

Sure. I take Ping An Insurance A shares stock code 601318 as example

Yahoo finance: https://finance.yahoo.com/quote/601318.SS/k...ics?p=601318.SS

Investing.com: https://www.investing.com/equities/cn-ping-an-ratios

Etnet (HK): http://www.etnet.com.hk/www/tc/ashares/quote.php?code=601318

Etnet (China): http://www.etnetchina.com.cn/ashares (search for stock code 601318)

(There is English quote for H-shares, not sure why switching page to English don't work for A shares.)

Aastocks: http://www.aastocks.com/en/cnhk/quote/deta...shsymbol=601318

Tiger broker's acquisition of Ocean Joy (a HK broker) was approved by the SFC in Hong Kong.

https://finance.mingpao.com/fin/instantf/20...%ad%89%e5%88%b8

TIGR rises 18% pre-market.

Then it drops 15% (pre-market)...

https://finance.mingpao.com/fin/instantf/20...%b8%80%e6%88%90



Apparently the Chinese central bank financial stabilization bureau/board isn't yet satisfied with Chinese citizens bypassing their strict capital control laws.

It's deliberately done. The marketing strategy is to confuse consumers so that you can't find the true cost of investing easily. Also, with the separation, they can come up with stuffs like "zero commissions" but they raise the "platform fee" to recoup the lost revenue, so the overall fees paid is actually the same as before. Just an example.

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