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Tiger Brokers Review: Is it the Cheapest Online Brokerage in Singapore?

Tiger Brokers is one of the cheapest online brokers on the market

Tiger Brokers Review: Is it the Cheapest Online Brokerage in Singapore?

Tiger Brokers is one of the cheapest online brokers on the market


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  • Low cost trading fees
  • Cheap trades on the HKSE
  • Easy to use platform


  • Limited market access

Tiger Brokers has a comprehensive online trading platform with low fees, live prices for the US and Singapore, and access to major markets around the world. With real-time stock quotes, multilingual customer service that operates 24/7, and a user-friendly mobile app, Tiger Brokers is a good platform for both new and seasoned investors.

Summary of Tiger Broker's Online Brokerage
Lowest commission fees in Singapore
Cheapest commission fee for Hong Kong trading
Two types of accounts: Cash Account and Margin Account
Does not charge custody fees, deposit & withdrawal fees, currency exchange fees, inactivity fees and account maintenance fees

Table of Contents

What Makes Tiger Brokers Stand Out to Investors

Tiger Broker could be the best online brokerage to serve your investment needs. Tiger Brokers stands out because of their low fees and all inclusive digital platform. Their commission costs of 0.03% overtakes Saxo Markets—who charges a commission fee of 0.08% with a minimum of S$5 per trade—as one of the cheapest providers in Singapore.

Tiger Brokerage trading platform screenshot
Tiger Trading Platform (Desktop Application)

In addition to low costs, both experienced and inexperienced customers will find Tiger Broker's mobile and desktop applications easy to use for both Singaporean and foreign trading. This is due to their simple, clear cut illustration of real-time market data on the SGX, NASDAQ, NYSE and HKEX.

Investment Opportunities at Tiger Broker's

Tiger Brokers offers two types of accounts to invest with: a Cash Account and a Margin Account. The eligibility depends on your age for each. For example, if you are a student and over the age of 18, or are over the age of 65, you could qualify to open a Cash Account. This account allows users to trade stocks only with cash, where there is no limit on the number of frequency of T+0 trades (completing the trade transaction from start to payment and ownership changes). However, it neither permits margin trading nor short selling.

Margin Accounts are available for applicants 21-65 years of age. These accounts let you conduct margin trading, futures trading, and short selling, with intraday leverage up to 4 times and overnight leveraging up to 2 times. Similar to Cash Accounts, there is no limit on the number of frequency of T+0 trades. Since Margin Account trading tends to be riskier, new traders are advised to get a Cash Account prior to engaging with margin trading.

Furthermore, Tiger Brokers trading tools allow investors to trade in international markets. Though Tiger Brokers market access isn't as large as other brokers like Saxo or Interactive, it does provide access to popular markets including Hong Kong, the US, China and Australia. In fact, if you are interested in trading on the Hong Kong market, you will enjoy some of the lowest commission fees available.

Tiger Broker Fees

Fees are important with any investing service you choose. As with other services, Tiger Brokers charges both a commission fee and platform fee per trade. As they charge some of the lowest fees on the market, Tiger Brokers is an ideal platform for those who want to trade with Singaporean and international markets. The following table illustrates the commission fees that Tiger Brokers charges for each market they allow access to.

Tiger Brokers FeeMin CommissionIndustry Average FeeIndustry Average Commission
Singapore0.06%SGD 1.990.22%S$25
US$0.01 per shareUSD 1.99 per order0.27%USD 15-29
HK0.06%HKD 150.21%HKD 100-200
China0.06%RMB 15N/AN/A
Australia0.1%AUD 8N/AN/A

View how we calculate the industry average costs over here!

Tiger Broker's Markets Investor Eligibility Requirements

Consider this if you want to trade any securities while minimising trading costs

Tiger Brokers, like other investing platforms, require you to submit a few personal details in order to open an account. Because of the two types of accounts, there are different qualifications attached to each. For the Cash Account, you must be 18 years or older (as either a student or with a full-time job), or 65-75 years of age. If you are between 21-65 years old, you can open either a Cash Account or a Margin Account. For both, you must provide:

  • Full Name Including Alias
  • Current Residential Address
  • Date of Birth
  • Citizenship
  • Details of Tax Residency
  • Passport or Identity Card Number
  • Employer’s name and address
  • Details of assets and income
  • Investment objectives and experience

It is important to note that without a specific employer name or address, you will not be able to open an account with Tiger Brokers. When you have all the documents ready to submit, you can apply online with your SingPass MyInfo account and expect to hear a decision on your application within 1-3 days. Once accepted, you will receive an SMS text notification, and can directly transfer money from your bank account to the platform. Once that's completed, you will be able to start trading with one of the best online trading platforms in Singapore.

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Stephen Lee

Stephen Lee is a Senior Research Analyst at ValueChampion, specializing in insurance. He holds a Bachelor of Arts degree in International Studies from the University of Washington, and his prior work experience include risk management and underwriting for professional liability and specialty insurance at Victor Insurance. Additionally, Stephen is a former US Peace Corps Volunteer in Myanmar (serving between 2018-2020), where he continues to provide business development consulting services to HR companies in Asia Pacific.