In the 1QFY2022, Tiger Brokers reported a net loss of US$5.9 million ($8.2 million), compared to a net income of US$21.1 million in the same period the year before.
Tiger Brokers (also known as UP Fintech Holding) has reached nearly 1.9 million account holders in the 1QFY2022 ended March.
The Xiaomi-backed online brokerage firm, which released its quarterly results on June 10, also saw 30,150 newly funded accounts in the 1QFY2022. This brings the company’s total number of funded accounts to 703,500, up 87.1% from the same period the year before.
