Tiger Brokers Referral Code: HEYTIGER (S$1,430 rewards)

tiger brokers referral code

Tiger Brokers Referral Code: HEYTIGER

Tiger Brokers Referral Code: HEYTIGER, S$1,430 worth of rewards.

Summary of Tiger Brokers July 2022 Promotion:

Register with
Invite Code “HEYTIGER”
1) Unlimited Commission-Free Trades for U.S. Stocks in 180 Days.

2) 30 Days Free Reuters Video Card.

3) Free NYSE ArcBook Real-time Market Data.
Account Opening1x GRAB Share worth ~SGD 5.
First Deposit ≥ SGD 2,000**

**Note: must be in 1 single FIRST deposit transfer to be eligible.
1) Draw and get 1x free stock, valued between SGD 8 – SGD 1,200.

2) 1x SGD 5 Stock Voucher.
Refer-a-Friend1) Receive 1x GoPro Share (NASDAQ: GPRO) for each friend who has successfully opened an account (note: capped at max 10x GoPro Shares).

2) Receive SGD 10 Stock Voucher for each friend that has deposited at least SGD 100 in their first single transfer (note: there is no cap.)

3) Enjoy lifetime commission-free trade for US stocks once one of your invitees has deposited at least SGD 100 into their newly approved account after 11:00hrs 8th April 2022.

4) Every time you invite 2 friends to make a deposit of at least SGD 100, you will get a chance to scratch and win up to 1x Tesla share worth ~SGD 1,200. (note: capped at max 30x scratch chances).
Corporate Benefits1 x FREE Nio share^ worth ~S$40

Note: Click here for more info & guide on Corporate Welfare Zone promotion.
**Promotion ends 14 July 2022, Tiger Broker’s T&C apply.

Tiger Brokers Review:

What we like about Tiger Brokers?

  • Fast account opening via MyInfo (<15 minutes).
  • Free welcome bundle worth up to S$1,430, including a chance to win up to 1 x free Tesla share.
  • Competitive FX spread for exchanging SGD to USD, HKD, etc.
  • One of the best referral programme when you stand a chance to win up to 1 x free Tesla share and also lifetime commission-free trades for US stocks.

Who is Tiger Brokers?

Founded in 2014, Tiger Brokers a.k.a Tiger Trade or Tiger Securities (legal name: UP FINTECH HOLDING) is an online broker listed on NASDAQ trading under the ticker $TIGR. Tiger Brokers allows easy access to Singapore, Hong Kong, China and Australia stocks via their mobile and desktop application. The company has also been termed as the next “Robinhood” of Asia, they have more than 1.1 million customers worldwide.

How low are Tiger Broker’s commission fees?

tiger brokers competitve fees and commissions
Image Source: https://www.tigerbrokers.com.sg

The main competitive edge of Tiger Brokers is their low commission fees relative to other brokerages. For example, the charge for US Stocks is just 0.01 USD/share, with a minimum of USD 1.99 per trade. This is relatively low considering that banks usually charge upwards of USD 20 per trade and other brokerages charges a minimum of USD 10 per trade. Tiger Brokers is suitable for investors who are trading in small amounts or frequently.

  • SGX: 0.08% per trade with a minimum of SGD 2.88 per trade.
  • HK Stocks: 0.06% and with a minimum of HKD 15 per trade.
  • US Stocks: USD 0.01/share with a minimum of USD 1.99 per trade.

What is Tiger Brokers Minimum Deposit?

There is no minimum deposit for Tiger Brokers. However, do take note to get a chance to win up to 1x Tesla share, you will need to deposit a minimum of S$2,000 on your FIRST deposit to be eligible. Subsequent deposits are not eligible for this promotion.

What about the competitive Tiger Brokers FX spreads?

Tiger Brokers allows in-app converting of currencies, for example from SGD to USD, the spread is approximately 20-25 pips away from the interbank rate, which is very competitive as compared to banks and other brokerages. Banks may charge between 80-120 pips from the interbank rate for USD/SGD currency pair.

Is Tiger Brokers Safe and Regulated?

Tiger Brokers MAS License
Tiger Brokers MAS License from MAS Financial Institutions Directory

Tiger Brokers is a Capital Markets Services License holder issued by the Monetary Authority of Singapore (MAS), you may refer to the MAS Financial Institution Directory for their full license info here. Full legal name: TIGER BROKERS (SINGAPORE) PTE. LTD. Tiger Brokers and its subsidiaries are also members of the U.S. Securities Investor Protection Corporation (SIPC) and Financial Industry Regulatory Authority (FINRA).

Are my investments safe with Tiger Brokers?

Tiger Brokers complies with section 104 of the Securities and Futures Act (“SFA”). Clients’ funds and investments are kept by a segregated bank account and custodian to ensure it does not commingle with their own operational accounts.

– Funds Custody: Clients’ funds are kept in DBS commercial Bank.
– U.S. market: Shares, cleared and held by IBKR (Interactive Brokers), are ultimately held by DTC (Depository Trust Company).
  – Hong Kong market: Shares, held by IBKR (Interactive Brokers), are ultimately held by CCASS.
  – Singapore market: Shares, held by DBS custodian bank, are ultimately held by CDP

Refer to: https://www.tigerbrokers.com.sg/security-n-custody for more info.

Who are the investors and backers of Tiger Brokers?

Tiger Brokers Investors
Tiger Brokers Investors, Image Source: https://www.tigerbrokers.com.sg/about

Xiaomi Corporation and Interactive Brokers (IBKR), the largest online broker in the United States, are their shareholders. Furthermore, Interactive Brokers is also their important strategic partner who supports them in areas including legal and compliance, risk management, etc. Jim Rogers, a renowned investor on Wall Street, is also their backer.

Where can I sign up?

Tiger Brokers Invite Code
Tiger Brokers Invite Code: HEYTIGER

Tiger Brokers Invite Code/ Promo Code: HEYTIGER, S$1,430 worth of rewards.

How to Open an Account with Tiger Brokers

Disclaimer: this review is our opinion on Tiger Brokers and not to be taken as a piece of investment advice.

Reference: www.google.com.sg
Reference: www.bing.com

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