Home 
See: Tiger Brokers sees surge in Gen Z new account openings in 2QFY21
The spike in users also carries a generational slant. In September, Tiger Brokers (Singapore) reported 90% y-o-y growth in new accounts made by Generation Z, or those born from 1997. Generation Z now makes up 30% of Tiger Brokers (Singapore)’s customers.
See also: Tiger Brokers partners Onfido for faster customer onboarding process using AI
Through Onfido, Tiger Brokers’ users can verify their identity by taking a photo of their passport or Singapore national registration identity cards (NRICs) and a short video of themselves. “We have constantly made sure we update our platform… and our partnership with Onfido will allow us to onboard new users within a few hours instead of the average of two to three business days,” says Eng. With a smoother trading experience, Tiger Brokers (Singapore) is also looking to expand its suite of trading options. Tiger Brokers (Singapore) launched Fund Mall at the start of the year, a marketplace of global mutual funds offering access to more than 100 money funds, bond funds and equity funds.
This shows that Tiger Brokers (Singapore) is being recognised as a noteworthy participant in the capital markets, says Eng. “With the SGX membership, we will dedicate more resources into the Singapore market, both to contribute to the local market and to service our regional clients.”
With Bitcoin reaching its all-time high in October, is cryptocurrency trading on the cards for Tiger Brokers (Singapore)? “Cryptocurrency is a very attractive and interesting new asset class. We are definitely in the process of studying and researching how Tiger can legally offer these products, with the approval and blessing of MAS (the Monetary Authority of Singapore),” says Eng.
As an exhibitor at the Singapore FinTech Festival 2021, Tiger Brokers (Singapore) hopes to meet others in the space for an exchange of ideas. “It is a good platform for creative and innovative FinTech companies, like Tiger Brokers, to meet and explore more new ideas and technology.”
For now, Eng hopes a sleek and useful Tiger Trade platform will prove invaluable to users even after the boom cycle ends. “When the pandemic is controlled, some activities will resume and we should expect the market to have some correction and slow down. Investors will look for various investment opportunities again around the world.”
Offering competitive fees is just a “starting point”, says Eng. “To show our determination and sincerity, our ambition is to provide good, affordable and value-for-money financial services for our regional supporters.”
He adds: “We’re working on an even better platform, even more comprehensive investment assets and tools, and even more engagement and localised service for our regional investors, who have always supported Tiger.”
Download the Tiger Trade APP now with this link.
Photos: Albert Chua / The Edge Singapore
This advertisement has not been reviewed by the Monetary Authority of Singapore. Any views shared with Prospective Clients (“Prospects”) are suggestive in nature and on a sample basis only. This may also be predicated on assumptions that are made by Tiger Brokers (Singapore) Pte Ltd about the Prospects’ investment objectives and risk profile. Our suggestive and sample views extended to Prospects are not to be considered as recommendations made by the Company. Suggestions provided are also based on information that may be shared by the Prospects, the accuracy and comprehensiveness of which Tiger Brokers is not in a position to verify. Tiger Brokers (Singapore) Pte Ltd (herein “Tiger Brokers”) may, to the extent permitted by law, participate or invest in other transactions with the issuer of the products referred to herein, perform services or solicit business from such issuers, and/or have a position or effect transactions in the securities or options thereof. The information herein is for recipient’s information only and not an offer to sell or a solicitation to buy. Any date or price information is indicative only and may be changed without prior notice. All opinions expressed and facts referred to herein are subject to change without notice. The information herein was obtained and derived from sources that we believe are reliable, but while reasonable care has been taken to ensure that stated facts are accurate and opinions are fair and reasonable, Tiger Brokers does not represent that it is accurate or complete and it should not be relied upon as such. The information expressed herein is current and does not constitute an offer, recommendation or solicitation, nor does it constitute any prediction of likely future stock performance. Investment involves risk. The price of investment instruments can and do fluctuate, and any individual instrument may experience upward or downward movements, and under certain circumstances may even become valueless. Past performance is not a guarantee of future results. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of any person or affiliated companies. Before making an investment decision, you should speak to a financial adviser to consider whether this information is appropriate to your needs, objectives and circumstances. Tiger Brokers assumes no fiduciary responsibility or liability for any consequences financial or otherwise arising from trading in securities if opinions and information in this document may be relied upon.
