TIGER BROKERS Spreads, leverage, minimum deposit Revealed

　　BASIC INFORMATION:

　　Tiger Brokers is a multi-asset online brokerage, providing opportunities across a range of securities in global securities markets and currencies. This includes stock/equities in the US, Hong Kong, Singapore and Australia, such as Gamestop(GME), as well as futures, options, funds and more. Tiger Brokers was founded in 2014 and is now an established brokerage with licensed entities across the globe. The firm has office presence in Singapore, Auckland (NZ), New York and more, with nearly 1000 employees.

　　REGULATORY INFROMATION: LICENSE

　　Tiger Brokers is not subject to any regulation.

　　MARKET

　　The broker offers clients investing and trading opportunities in the following global markets:

　　· Australia: Stocks

　　· China: A-Shares (HKEX Northbound Trading)

　　· USA: Stocks, ETFs, Stock Options, Futures, OTC

　　· Singapore: Stocks, ETFs, Rights Issue, Futures, REITs, DLCs

　　· Hong Kong: Stocks, Warrants, Stock Options, CBBCs, Futures

　　SPREADS & COMMISSIONS

　　Commissions and fees vary by market and asset class and are highly competitive vs other leading brokers. See the full commission breakdown below:

　　Stocks And ETFs

　　· China A-Shares – 0.03% x trade value

　　· Australian Stocks – 0.03% x trade value

　　· Hong Kong Stocks – 0.03% x trade value

　　· US Stocks and ETFs – from $0.005 per share

　　· Singapore Stocks, ETFs, REITs and DLCs – 0.04% x trade value

　　Options, Warrants and CBBCs

　　· US Stock Options – from $0.65 per contract

　　· Hong Kong Stock Options – from 0.2% x trade value

　　· Hong Kong Warrants and CBBCs – 0.03% x trade value

　　Futures

　　· Equity Futures – $8 per contract

　　· Treasury Futures – $1.99 per contract

　　· Forex Futures – from $1.99 for major pairs, commission-free for micro pairs

　　· Index Futures – vary by index, from $0.99 per contract, including China A50 Index

　　· Energy Futures – vary by energy, from $0.99 per contract, including e-mini crude oil

　　· Agriculture Futures – vary by product, from $0.99 per contract, including corn and wheat

　　· Metals Futures – vary by metal, from $0.99 per contract for Micro Gold, average $1.99, including Gold and Silver

　　Additional platform fees, regulatory board charges and trading fees, including stamp duty, clearing, and settlement charges may apply.

　　LEVERAGE

　　Tiger Brokers offers leverage opportunities for traders with a margin account. Leverage rates vary with the type of trade being executed; up to 1:4 leverage can be acquired for intraday trading, whereas overnight trades and GTC orders are limited to 1:2.

　　ACCOUNT TYPES

　　There are two account types available to Tiger Brokers retail clients; margin accounts and cash accounts. Similarities between the accounts include no minimum deposit requirements and no limits on the number of orders or frequency of trades. The brokerage allows clients to upgrade from a cash account to a margin account free of charge.

　　Margin Account

　　· Access to all products

　　· Minimum trade size 1 lot

　　· 1:4 leverage for intraday trading

　　· 1:2 leverage for overnight trading

　　Cash Account

　　· Minimum trade size 1 lot

　　· no margin or short selling

　　· Some products, including futures and options, may not be trade.

　　DEPOSITS & WITHDRAWALS

　　Tiger Brokers does not have a minimum deposit requirement, which is ideal for new investors and those without much capital to put down. The brokerage accepts several payment methods for live account deposits in five currencies; USD, EUR, SGD, HKD and AUD:

　　Singapore Bank Accounts:

　　· Direct Debit Authentication – SGD only, processing time a matter of minutes, no fees, sending bank DBS/POSB

　　· DBS/POSB Bank Transfer – all currencies, SGD processing time 15+ minutes, other currencies 1-2 business days, no fees

　　· Non-DBS/POSB Bank Transfer – all currencies, SGD processing time 15+ minutes, other currencies 1-3 business days, fees vary by currency, ~ USD 25

　　Non-Singapore Bank Account:

　　· Telegraphic Transfer – any bank, 1–3-day processing time, charges dependent on sending bank

　　Withdrawals

　　Tiger Brokers does not charge withdrawal fees; however, third-party bank charges may apply. Similar to deposits, withdrawal methods vary by receiving bank and currency:

　　Singapore Bank Accounts:

　　DBS/POSB Bank Transfer – all currencies, 1-3 business days, no fees

　　Non-DBS/POSB Bank Transfer – all currencies, 1-3 business days, fees vary by currency, ~ USD 25, intermediary bank fees apply

　　Non-Singapore Bank Accounts:

　　Telegraphic Transfer – any bank, 1–3-day processing time, fees vary by currency, ~ USD 25, intermediary bank fees apply

　　DEMO ACCOUNT

　　Tiger Brokers offer a paper trading, or practice, account.

　　TRADING PLATFORMS

　　· The broker offers a proprietary platform terminal called Tiger Trade.

　　TRADING HOURS

　　Tiger Brokers follows standard office hours and supports 24-hour trading Monday through Friday. However, these timings will vary with the instrument type being traded. For example, stock exchanges have specific opening times, whereas forex can be traded 24/5.

　　Customer Support

　　Tiger Brokers offers the below customer contact options, available Monday to Friday, 08:30 – 18:30 GMT:

　　· Email: service@tigerbrokers.com.sg

　　· China Telephone: +86 400 603 7555

　　· New Zealand Telephone: +64 93938128

　　· Singapore Telephone: +65 6950 0591 & +65 6331 2277

　　· Live Chat: logo on right side of all webpages or within Tiger Trade app

　　· Address: #29-04, Singapore Land Tower, 50 Raffles Place, Singapore 048623

　　ACCEPTED COUNTRIES

　　Tiger Brokers accepts traders from Australia, Thailand, Canada, United States, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.