Since the establishment of Tiger Brokers Singapore a year ago, the brokerage – which is backed by prominent investors – has successfully carved out a space for itself in a crowded market here.
The brokerage has more than doubled the opening of new trading accounts in 4Q 2020, compared to the preceding quarter.
The trading volume on its platform exceeds the phenomenal account opening growth by an increase of 215% in 4Q 2020.
These achievements are a “testament” to the fact that users like and are getting accustomed to Tiger Broker Singapore’s trading platform, says CEO Eng Thiam Choon.
“I am glad to witness the exponential growth of Tiger Brokers here in Singapore ever since the launch of Tiger Trade platform a year ago,” he adds.
Tiger Brokers Singapore is backed by Chinese technology giant Xiaomi, US-based Interactive Brokers and investment guru Jim Rogers.
In February last year, the online and mobile brokerage launched Tiger Trade after it had obtained a Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS).
Tiger Trade offers the trading of various asset classes, including shares, stock options, futures, warrants and ETFs.
These are across six stock exchanges: New York Stock Exchange, Nasdaq, Shanghai/Shenzhen Hong Kong Stock Connect, Hong Kong Stock Exchange, Singapore Exchange and Australian Securities Exchange.
The platform also provides complimentary real-time stock quotes, multilingual customer service during trading hours and 24/7 finance news updates.
In January this year, Tiger Brokers Singapore launched Fund Mall, which allows users to invest in over 100 global mutual funds without having to open a separate, non-linked account.
Users have the option of investing in funds that focus on equities, money market instruments and/or fixed income.
“As a one-stop online brokerage service, we focus on serving investors worldwide and giving investors in Singapore access to fast trade execution along with competitive commission fees,” says Eng.
According to him, Tiger Brokers Singapore aims to continue making investing a lifestyle for everyone.
The online and mobile brokerage also aims to continue providing investors with a more enhanced investing experience through Tiger Trade.
“More to come in the subsequent months!” he says.
In short, Tiger Brokers Singapore is only starting to flex its muscles.
As part of the “Refer Your Friends” promotion, existing users of Tiger Trade stand to enjoy exciting rewards, including free Tesla and Apple shares, stock vouchers and commission-free trades. Terms and conditions apply.
For more information on Tiger Brokers Singapore, please visit the official website here.
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This article has not been reviewed by the Monetary Authority of Singapore.
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