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Score

1.52 /10
Danger

Tiger Brokers

Singapore

5-10 years

Suspicious Regulatory License

Suspicious Overrun

High potential risk

https://www.tigerbrokers.com.sg/about

Influence

C

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Comparison

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Score

Regulatory Index0.00

Business Index7.07

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

MY SCM
2020-01-01
INVESTOR ALERT LIST
Tiger Brokers
TIGER BROKERS

Broker Information

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Company Name

Tiger Brokers（Singapore）Pte Ltd

Company Abbreviation

Tiger Brokers

Platform registered country and region

Singapore

Company website

Facebook

Instagram

YouTube

Linkedin

WhatsApp

  • 65 6331 2277

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 4
Previous Detection : 2025-06-16
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The United StatesNFA regulation (license number: 0328552) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Data Source WikiFX Data provide
Updated: 2025-06-16
Tiger Brokers · Company summary
Tiger Brokers Review Summary
Founded2014
Registered Country/RegionSingapore
RegulationFSPR/NFA (Suspicious clone)
Market InstrumentsStocks, ETFs, REITs, Options, Futures, Unit Trust & Funds
Demo Account✅
LeverageUp to 4:1
Trading PlatformWeb Trader, Tiger Trade App
Minimum Deposit/
Customer SupportOnline Chat, WhatsApp
Tel: +65 6331 2277
Email: service@tigerbrokers.com.sg
Telegram: https://t.me/tigerbrokersofficial
Social media: Facebook, X, YouTube, Instagram, LinkedIn
Address: 1 Raffles Place, #35-61 One Raffles Place Tower 2, Singapore 048616

Tiger Brokers Information

Tiger Brokers is a Singapore-based broker founded in 2014. It offers a diverse range of market instruments including Stocks, ETFs, REITs, Options, Futures, Unit Trust & Funds.

Tiger Brokers Information

Pros and Cons

Pros Cons
Various trading assetsSuspicious clone licenses (FSPR, NFA)
Demo accounts availableNo MT4 or MT5 support
Multiple contact channelsCommission fees charged
Live chat supported

Is Tiger Brokers Legit?

Tiger Brokers holds two suspicious clone licenses in New Zealand (FSPR) and US (NFA). Please be aware of the risks!

Regulatory StatusRegulated byLicensed InstitutionLicense TypeLicense Number
Suspicious CloneFSPR (New Zealand)TIGER BROKERS (NZ) LIMITEDFinancial Service Corporate473106
Suspicious CloneNFA (United States)US TIGER SECURITIES INCCommon Financial Service License0328552
Tiger Brokers license
Tiger Brokers license

What Can I Trade on Tiger Brokers?

Trading InstrumentsSupported
Stocks✔
ETFs✔
REITs✔
Options✔
Futures✔
Unit Trust✔
Funds✔
Forex❌
Commodities❌
Indices❌
Cryptos❌
Bonds❌

Tiger Brokers products

Account Type & Leverage

Tiger Brokers offers two types of accounts to retail clients: Margin accounts and Cash accounts.

Account TypeLeverage
Margin1:4 (intraday trading)
Cash/
Account Types

Tiger Brokers Fees

Market InstrumentsCommssion (per contact)Platform Fee (per contact)
US Options (Fixed Commission Plan)USD 0.35USD 0.3
US Options (Tiered Commission Plan)USD 0 - 0.8USD 0.3
Hong Kong Stock Options - Trading Fees0.2% Trade ValueHKD 15
Hong Kong Stock Options - Exercise Fees0.03% Exercise Value0.03% Exercise Value
Hong Kong Warrants & CBBCs0.03% Trade Value0.00565% Trade Value
Tiger Brokers Fees
Tiger Brokers Fees
Tiger Brokers Fees
Tiger Brokers Fees

Trading Platform

Trading PlatformSupported Available Devices
WebTrader✔Web (browser-based)
Tiger Trade App✔Windows, macOS, iOS, Android
Trading Platform

Deposit and Withdrawal

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.

Remittance BankPayment OptionsAccepted CurrenciesDeposit FeeDeposit Time
DBS/POSBDDASGD❌5 minutes
Bank Account TransferSGD/HKD/USD/EUR/AUDMinimum 15 minutes
Banks in Singapore(Non DBS/POSB)Bank Account Transfer (FAST)SGD
Bank Account TransferHKD/USD/EUR/AUD1-2 business days
Banks outside SingaporeBank Account TransferSGD/HKD/USD/EUR/AUD1-3 business days
Wise's Link in TigerSGD/USD/
Deposit and Withdrawal

The withdrawal fee charged by Tiger Brokers varies according to different banks and currencies, for Singapore DBS/POSB bank the withdrawal fee is free, but for Non-DBS/POSB bank diffenrent currencies will have different withdrawal fees, same as Non-Singapore Bank.

More info can be found via https://www.itiger.com/sg/help/detail/funds-withdrawal

Receiving BankCurrencyWithdrawal Bank FeeDeposit Time
Singapore BankDBS/POSBSGD❌1-3 business days
USD
HKD
NZD
AUD
EUR
Non-DBS/POSBSGDSGD 0 - 20
USDUSD 25 + Intermediate Bank Fees
HKDHKD 200 + Intermediate Bank Fees
NZDNZD 35 + Intermediate Bank Fees
AUDAUD 35 + Intermediate Bank Fees
EUREUR 25 + Intermediate Bank Fees
Non-Singapore BankAny BankSGDSGD 35 + Intermediate Bank Fees
USDUSD 25 + Intermediate Bank Fees
HKDHKD 200 + Intermediate Bank Fees
NZDNZD 35 + Intermediate Bank Fees
AUDAUD 35 + Intermediate Bank Fees
EUREUR 25 + Intermediate Bank Fees
Deposit and Withdrawal

News

NewsIn China, Futu and UP Fintech (Tiger Brokers) Are Facing Regulatory Action

Both platforms provide mainland Chinese innovators with access to global equities. The Chinese authority has said that such internet brokers are acting illegally.

WikiFX
2023-01-03 10:20
In China, Futu and UP Fintech (Tiger Brokers) Are Facing Regulatory Action

NewsTiger Brokers Is Being Prosecuted By The FMA For AML/CFT Violations

The enforcement action followed a formal warning issued in March 2020. The regulator is seeking a NZ$900,000 monetary penalty.

WikiFX
2022-12-21 17:24
Tiger Brokers Is Being Prosecuted By The FMA For AML/CFT Violations
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Comments

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FX1685654954
more than one year
Very good brokers seldom have any problems just that sometimes on New York sessions I cannot connect to my broker Via tradingview on my laptop. At least C-Trader on the phone is always accessible.
Very good brokers seldom have any problems just that sometimes on New York sessions I cannot connect to my broker Via tradingview on my laptop. At least C-Trader on the phone is always accessible.
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2024-06-14 10:48
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Billy Moore
more than one year
This is fake one! Open you eyes guys! I came to know that until they continously asked me to deposit more money? $1000, $2000, $3000, even more!
This is fake one! Open you eyes guys! I came to know that until they continously asked me to deposit more money? $1000, $2000, $3000, even more!
Translate to English
2024-04-25 18:58
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