Hello, fellow investor! In this article, we provide an honest, in-depth review of Tiger Brokers, one of the leading online brokers in the Asia-Pacific region. Founded in 2014 and listed on NASDAQ (ticker: TIGR) since 2019, Tiger Brokers’ parent, UP Fintech Holding Ltd, had 2.74 million customer accounts, of which 1.32 million were funded, and US$60.7 billion in client assets at the end of June 2026.
Tiger Brokers’ main advantages are its frequent welcome offers, no inactivity fees, a fast account opening process and a polished mobile-first platform (Tiger Trade). The main drawbacks: no CFDs, a product range that varies a lot by country, commission-free trading limited to promotions, and market access concentrated on Asia-Pacific and US exchanges.
Tiger Brokers gives you access to multiple major Asia-Pacific markets, including US (NYSE, NASDAQ), Hong Kong (HKEX), Singapore (SGX), Mainland China (via Stock Connect), Australia (ASX) and New Zealand (NZX). The product range includes stocks (with fractional shares on US stocks), ETFs, futures, options and, in some countries, funds and bonds. Specific products and access vary based on your country of residency and which Tiger Brokers entity onboards you.
That’s Tiger Brokers for you in a nutshell. Tiger Brokers runs separate entities in Singapore, Hong Kong, Australia, New Zealand and the US, and the offering differs between them. If you want to learn more about those country-specific differences and the platform in general, keep reading.
Highlights
| 🗺️ Supported countries | Singapore, Hong Kong, Australia, New Zealand and the US (separate entities) |
| 💰 Stocks and ETF fees | Varies by entity: US stocks from USD 0.005 per share plus a platform fee (Singapore) or USD 2 flat up to 200 shares (Australia and New Zealand) |
| 📈 Fractional shares | Yes (on US stocks) |
| 💰 Inactivity, deposit, and withdrawal fees | $0 |
| 💵 Minimum deposit | $0 (welcome offers may require a minimum deposit) |
| 📍 Products offered | Stocks, ETFs, options, futures, funds, bonds, warrants and CBBCs (availability varies by country of residence) |
| 🎮 Demo account | Yes (paper trading available) |
| 📜 Regulatory entities | MAS (Singapore), SFC (Hong Kong), ASIC (Australia), SEC/FINRA (US), registered financial service provider in New Zealand |
| 📈 Listed on | NASDAQ (ticker: TIGR) as UP Fintech Holding Ltd |
Founded in 2014, Tiger Brokers (operating under the parent company UP Fintech Holding Ltd) had 2.74 million customer accounts and US$60.7 billion in client assets at the end of June 2026. Its brokers are licensed by the MAS, SFC, ASIC and SEC/FINRA, and the parent company has been listed on the NASDAQ since March 2019, which brings the disclosure and audit requirements of a public company.
Its early backers included Interactive Brokers, which invested again at the 2019 IPO. Today, founder Tianhua Wu is the largest shareholder, with 48.58% of the voting power.
UP Fintech is headquartered in Singapore, with offices in Beijing, Hong Kong, New York, Auckland and Sydney, and had 1,346 employees at the end of 2025.
In Australia, Tiger Brokers won CANSTAR’s 2025 “Outstanding Value” award and Mozo’s 2025 “Best Mobile Share Trading App”. The platform is aimed at active, mobile-first investors in the Asia-Pacific region, and its Tiger Trade app is one of the best-rated trading apps in the region.
Free share promotional code
Tiger Brokers runs welcome offers for new clients that depend on your country, such as up to S$1,000 in welcome rewards in Singapore, four free US or ASX trades a month in Australia and New Zealand, and zero commission on HK stocks and US options in Hong Kong (terms apply). You can learn more about it here.
To activate the promotion, go to their website in your country and use the referral code “hmchoose” or simply click on one of the direct links:
Pros and cons
Pros
- Simple and easy account opening process
- No minimum deposit
- Intuitive trading platform
- Fractional shares are available
- Low trading fees
- No inactivity, custody, account maintenance, deposit, and withdrawal fees
- Frequent promotions
Cons
- Some financial products are missing (bonds, CFDs, crypto, etc.).
- Markets outside the US, Australia, Hong Kong, Singapore, and China are not available
- Fees will be higher for larger trading volumes (being percentage-based)
- No commission-free trading (except during promotions)
- Somewhat limited deposit and withdrawal options
Fees
Tiger Brokers’ fees vary based on your country of residence and which entity onboards you. In general, fees are competitive across all markets, with relatively simple structures in Australia and New Zealand and slightly more complex (tiered) structures in Hong Kong and Singapore.
Across all regions, Tiger Brokers charges trading fees (commission, plus a platform fee in some entities) and currency conversion fees, but no custody, inactivity or account maintenance fees. Some smaller fees may apply, including exchange fees, regulatory fees, and clearing fees, all of which are passed through from the relevant exchange or regulator.
Below is a country-by-country breakdown of the most common trading fees. Tiger Brokers also runs frequent promotional offers, so the standard fees below may not apply during your first months.
Australia
- ASX stocks: AUD 3 flat up to AUD 10,000 per order, then 0.03% of trade value.
- US stocks and ETFs: USD 2 flat up to 200 shares, then USD 0.01 per additional share.
- US fractional shares (less than 1 full share): 1% of trade value, capped at USD 1 per order.
- Hong Kong stocks (HKEX): HKD 15 flat up to HKD 25,000, then 0.06%.
- China A-shares (via Stock Connect): CNH 15 flat up to CNH 25,000, then 0.06%.
- US options: USD 3 for up to 4 contracts, then USD 0.75 per contract (a tiered plan from USD 0.15 to 0.90 per contract, minimum USD 3, is also available).
- Currency conversion: a spread of 55 pips on AUD/USD.
- Margin lending: 7.99% a year.
You can read about Tiger Brokers Australia’s fees in more detail on the official commissions page. Tiger Brokers (AU) Pty Limited is regulated by ASIC (AFSL 300767), and ASX trades are CHESS-sponsored through Openmarkets.
Hong Kong
New clients currently pay no commission on HK stocks and US options (limited-time promotion), but platform fees still apply. Standard fees:
- US stocks and ETFs: USD 0.0049 per share commission (USD 0.99 minimum) plus a platform fee of USD 0.005 per share (USD 1 minimum, maximum 0.5% of trade value).
- HK stocks: 0.029% commission plus a platform fee of HKD 15 per order on the fixed plan.
- US options: USD 0.65 per contract commission (USD 0.99 minimum) plus a platform fee of USD 0.30 per contract (USD 0.99 minimum).
For more detail on fees including margin rates, futures, HK stocks, warrants, and CBBCs, see Tiger Brokers Hong Kong’s official commissions page. Tiger Brokers (HK) Global Limited is licensed by the Securities and Futures Commission (SFC), CE No. BMU940.
New Zealand
- US stocks and ETFs: USD 2 flat up to 200 shares, then USD 0.01 per additional share, plus a pass-through fee of USD 0.003 per share.
- US fractional shares (less than 1 full share): 1% of trade value, capped at USD 1 per order.
- ASX stocks: AUD 5 flat up to AUD 20,000, then 0.025%, plus a 0.03% settlement fee.
- NZX stocks: 0.1% commission (NZD 2 minimum) plus a 0.2% platform fee (NZD 2 minimum).
- US options: USD 0.95 per contract (USD 2.99 minimum per order).
- Currency conversion: 0.35% per transaction (NZD/USD and NZD/AUD pairs).
New funded clients currently get four free US or ASX trades a month and no FX fee on the first NZ$2,000 converted each month. For more on fees including financing interest rates, futures, and other markets, see Tiger Brokers New Zealand’s official commissions page. The NZ service is provided by Tiger Fintech (NZ) Limited, a registered financial service provider. Tiger states that it is not licensed by a New Zealand regulator, so it is not actively supervised by the FMA.
Singapore
New clients can get up to S$1,000 in welcome rewards (Singpass required, deposit held for 60 days, terms apply). Standard fees:
- US stocks and ETFs: USD 0.005 commission per share (USD 0.99 minimum, 0.5% of trade value maximum) plus a USD 0.005 platform fee per share (USD 1 minimum). Orders under one share pay no commission and a 1% platform fee capped at USD 1.
- Singapore stocks, ETFs, REITs and DLCs: 0.03% commission (SGD 0.99 minimum) plus a 0.03% platform fee (SGD 1 minimum).
- HK stocks: 0.03% commission (HKD 7 minimum) plus a 0.03% platform fee (HKD 8 minimum).
- US options: tiered from USD 0.80 to 0.50 per contract, plus a USD 0.30 platform fee per contract (USD 1 minimum).
- Funds (Fund Mall): no sales charge or platform fee.
For more detail on fees including financing interest rates, stocks from other markets, futures, Hong Kong options, warrants, and CBBCs, see Tiger Brokers Singapore’s official commissions page. Tiger Brokers (Singapore) Pte. Ltd. holds a Capital Markets Services licence from the Monetary Authority of Singapore (MAS) and is a trading member of SGX.
Products and markets
Just as fees vary by country, the available markets and products at Tiger Brokers also differ across jurisdictions. Some products are accessible across all major Tiger Brokers entities, including US stocks and ETFs (with fractional shares), US options, and Hong Kong stocks, while others (like ASX stocks, SGX stocks, China A-shares, and futures) are available only in specific entities.
Tiger Brokers does not provide access to European exchanges (LSE, Euronext, Xetra) or to Indian or Japanese stocks. Its focus is on the US, Greater China, Singapore, Australia and New Zealand.
The table below shows product and market availability by Tiger Brokers entity:
| Product | Australia | Hong Kong | New Zealand | Singapore |
| US stocks & ETFs | ✔ | ✔ | ✔ | ✔ |
| US options | ✔ | ✔ | ✔ | ✔ |
| ASX stocks | ✔ | ✘ | ✔ | ✔ |
| HK stocks | ✔ | ✔ | ✔ | ✔ |
| SG stocks | ✘ | ✘ | ✔ | ✔ |
| China A-shares | ✔ | ✘ | ✔ | ✔ |
| Futures | ✘ | ✔ | ✔ | ✔ |
| Mutual funds | ✘ | ✘ | ✘ | ✔ |
| HK warrants & CBBCs | ✘ | ✔ | ✘ | ✔ |
Apart from traditional financial products, Tiger Brokers also offers:
- Tiger Vault: a cash management account that invests idle cash in money market funds, with a variable return.
- Auto-invest: recurring investments in US stocks and ETFs (from USD 2 in Singapore).
- Margin account: borrowing to invest, which magnifies both gains and losses, with interest charged on the loan.
Check the following table for the availability of these products.
| Country | Tiger Vault | Auto-invest | Margin account |
| Australia | ✘ | ✔ | ✔ |
| Hong Kong | ✔ | ✘ | ✔ |
| New Zealand | ✘ | ✔ | ✔ |
| Singapore | ✔ | ✔ | ✔ |
If you’re a Tiger Brokers user in Singapore, you also have access to several additional services and products beyond the core trading offering:
- Tiger Prestige: a premium tier for clients with larger portfolios, with dedicated support and extra perks.
- Tiger Open Platform: APIs for quant and automated trading.
- Fund Mall: more than 1,500 funds, with no sales charge.
- Bonds and US Treasuries.
- Cash Boost Account: an account linked to your CDP (Central Depository) holdings for trading SGX shares on credit.
Safety and regulation
Tiger Brokers’ entities are licensed by the MAS (Singapore), SEC and FINRA (US), ASIC (Australia) and SFC (Hong Kong). In New Zealand, Tiger is a registered financial service provider but is not licensed by a local regulator. As a NASDAQ-listed company, the parent UP Fintech Holding Ltd is also subject to SEC disclosure and audit requirements.
Investor compensation schemes vary by region:
| Region | Compensation scheme | Coverage |
| United States | SIPC (US Tiger Securities and TradeUP Securities) | Up to USD 500,000, including USD 250,000 in cash |
| Hong Kong | Investor Compensation Fund | Up to HKD 500,000 per investor per default |
| New Zealand | None | No statutory securities compensation scheme |
For Singapore and Australia, check the protection that applies to your account in your entity’s client agreement. SIPC does not cover clients of Tiger’s non-US entities.
You can find a more comprehensive list of Tiger Brokers’ licences and regulators on their official licences page. The parent company is listed on NASDAQ (ticker: TIGR) as UP Fintech Holding Ltd.
Residents of Singapore, Hong Kong, Australia, New Zealand and the US are onboarded by their local Tiger entity. Tiger Brokers does not publish a list of other accepted countries, and the Singapore entity states that it is not authorised to operate in any other country, so check the registration flow for your country. Residents of sanctioned countries cannot open an account.
Tiger Brokers has also faced regulatory pressure in Mainland China. On 30 December 2022, the China Securities Regulatory Commission (CSRC) ordered Tiger and Futu to stop soliciting new mainland customers, so Tiger no longer onboards new clients from the mainland. Existing clients can keep using the platform.
Platforms and tools
Tiger Brokers offers mobile and desktop trading applications, both called Tiger Trade. The mobile app is available for both Android and Apple, while the desktop app is available for Windows and Mac.
The mobile app is simpler and more intuitive but still has all the basic tools needed to start trading. These include research tools, valuation analysis, earnings calendar, and newsroom.
The desktop app offers some advanced options such as profit and loss analysis, stock options trading, in-depth analytics, K-line trends, screeners, and candlestick charts.
In general, the mobile app is more suitable for beginner investors in general and more advanced investors on the go, while the desktop app is more suitable for advanced investors in general.
Account opening
What is Tiger Brokers’ minimum deposit?
Many users (especially beginner investors) will be happy to hear that there is no minimum deposit when opening a Tiger Brokers account.
Deposit and withdrawal options depend on your country of residence, but usually include local bank transfers.
Tiger Brokers supported currencies
Supported account currencies vary by country of residence, but at a minimum you can typically hold USD plus your domestic currency (AUD for Australia, HKD for Hong Kong, NZD for New Zealand, or SGD for Singapore) in your Tiger Brokers account.
Tiger Brokers Singapore offers the broadest support, accepting deposits in 6 currencies: SGD, USD, HKD, AUD, EUR and CNH. Other Tiger entities mainly support the local currency plus USD.
Does Tiger Brokers have a demo account?
Yes, Tiger Brokers offers a free demo (paper trading) account. You can switch to paper trading in the Tiger Trade app to practise with virtual money before committing real capital.
How to open a Tiger Brokers account?
The account opening process on Tiger Brokers is straightforward and fully digital. You’ll need to have your identification and proof-of-address documents ready, then head to the Tiger Brokers website for your country of residence. To get the current welcome offer in your country, use our referral code “hmchoose” or one of the direct links below:
After you upload your documents, Tiger verifies your identity. Once approved, you can fund your account and start trading.
User reviews
Tiger Brokers has relatively few reviews on sites like Trustpilot, but its app is well rated. In September 2026, Tiger Trade had 4.7 stars on the Singapore App Store (18,000 ratings) and 4.5 stars on Google Play (11,900 reviews).
Common themes among positive reviews include the polished user experience, the clean and intuitive mobile interface, comprehensive charting tools, and competitive trading fees.
Among the small minority of negative reviews, the most common complaints centre on occasional technical glitches during high-volatility trading, certain UX choices that feel less polished than competitors, and the fund withdrawal process (which can take several business days through bank wire transfers).
The bottom line
Choosing the right investment broker involves balancing many factors, cost, product range, platform quality, regulation, and access to the markets you actually want to trade. We’ve reviewed Tiger Brokers across the most important of these for prospective users in 2026.
The strengths: Tiger Brokers offers a fast, fully digital account opening process, a polished mobile-first platform (Tiger Trade), competitive fees (especially with welcome offers), access to US, Hong Kong, Singapore, Chinese, Australian and New Zealand markets, and the transparency of a NASDAQ-listed parent with brokers licensed in several jurisdictions.
The trade-offs: Tiger Brokers lacks access to European, Indian, Japanese, and other major international markets that more global brokers (like Interactive Brokers or Saxo) cover. The product range varies a lot by country: there are no CFDs, bonds and funds are mainly available in Singapore, and crypto is only offered to professional investors in Hong Kong. Standard commissions outside promotions are reasonable but not the lowest. Tiger Brokers also no longer accepts new clients from mainland China, and in New Zealand it is not licensed by a local regulator.
Overall, Tiger Brokers is a strong choice for Asia-Pacific-focused investors who value a polished mobile experience and competitive pricing on US, Greater China, and ANZ markets. If you need broader global market access or a wider product range, brokers like Interactive Brokers or Saxo may be a better fit.
