Tiger Brokers Referral Code: HEYTIGER ($88 bonus)

tiger brokers referral code

Tiger Brokers Referral Code: HEYTIGER

Tiger Brokers Referral Code: HEYTIGER, S$88 worth of rewards.

Summary of Tiger Brokers November 2022 Promotion:

Register with
Invite Code “HEYTIGER”
1) Unlimited Commission-Free Trades for HK & SG & China A Stocks for 365 Days.

2) Unlimited Commission-Free Trades for U.S. Stocks for 180 Days.

3) 1x Grab Share (NASDAQ: GRAB).
First Deposit ≥ SGD 1,000** + 5x BUY Trades^

**Note: must be in 1 single FIRST deposit transfer to be eligible. Do not do a “$1 TEST” deposit.
Receive SGD 88.

^Note: complete a minimum of five BUY trades, in which the price of a single share is greater than USD 1. Please note that a share price below USD 1 in a trade will not be counted.

In order to receive SGD 88 bonus, you must keep your total account assets amounting to or above SGD 1,000 each day and lasting to 30th November. If the total assets in your Tiger Account fail to meet the asset requirement within the campaign period, the SGD 88 bonus will not be distributed to your Tiger account.
Refer-a-Friend1) Receive 1x Grab Share (NASDAQ: GRAB) for each friend who has successfully opened an account.

2) Receive SGD 88 reward for each friend that has deposited at least SGD 1,000 in their first single transfer and completed 5x BUY trades^ of share price greater than USD 1.

3) Enjoy lifetime commission-free trade for US stocks after your friend have successfully deposited at least SGD 1,000 into their newly approved account and made 5 new trades during the promotion period.

Receive SGD 88 per valid invite which completed point (2) above on 31st August 2022 (note: capped at max 20 new friends).
Corporate Benefits1x NIO Share.

Note: Click here for more info & guide on Corporate Welfare Zone promotion.
**Promotion ends 30 November 2022, Tiger Broker’s T&C apply.

Tiger Brokers Review:

What we like about Tiger Brokers?

  • Fast account opening via MyInfo (<15 minutes).
  • Free SGD 88 bonus with SGD 1,000 deposit and valid trades.
  • Competitive FX spread for exchanging SGD to USD, HKD, etc.
  • One of the best referral programme of SGD 88 bonus 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 the promotional SGD 88 bonus rewards you will need to deposit a minimum of S$1,000 on your FIRST deposit and make atleast 5x eligible BUY trades which is more than USD 1 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$88 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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