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), Tiger Brokers (UP Fintech Holding Ltd) now serves over 10 million users globally across multiple Asia-Pacific markets.
Some of Tiger Brokers’ notable advantages include frequent promotional offers, no inactivity fees, a fast account opening process, and a polished mobile-first platform (Tiger Trade) that’s particularly well-suited to active investors. The main drawbacks: the product range is more focused than at full-service brokers (no individual bonds, no CFDs, limited mutual fund coverage), commission-free trading applies only on certain products and during promotional periods, and international market access is concentrated on Asia-Pacific and US exchanges rather than broad global coverage.
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 available product range includes stocks (with fractional shares on US stocks), ETFs, futures, options, mutual funds, and some proprietary investment products. 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 operates several jurisdictional entities (Singapore, Hong Kong, Australia, New Zealand, US), and the offering differs meaningfully 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, US (separate entity), and selected Asia-Pacific markets |
| 💰 Stocks and ETF fees | Varies by country and entity (typically 0.025%-0.06% on US stocks, with promotional commission-free offers for new users) |
| 📈 Fractional shares | Yes (on US stocks) |
| 💰 Inactivity, deposit, and withdrawal fees | $0 |
| 💵 Minimum deposit | $0 (varies by entity and promotional onboarding requirements) |
| 📍 Products offered | Stocks, ETFs, futures, options, mutual funds, warrants, fractional shares (availability varies by country of residence) |
| 🎮 Demo account | Yes (paper trading available) |
| 📜 Regulatory entities | MAS (Singapore), SFC (Hong Kong), ASIC (Australia), FMA (New Zealand), SEC/FINRA (US) |
| 📈 Listed on | NASDAQ (ticker: TIGR) as UP Fintech Holding Ltd |
Founded in 2014, Tiger Brokers (operating under the parent company UP Fintech Holding Ltd) has grown to serve over 10 million users globally. The company is regulated by multiple top-tier financial authorities in the markets where it operates (MAS, SFC, ASIC, FMA, SEC/FINRA), and has been listed on NASDAQ (ticker: TIGR) since 2019 – giving it the additional disclosure, audit, and corporate governance requirements that come with being a public company.
Tiger Brokers is backed by prominent strategic investors including Interactive Brokers, Xiaomi, ZhenFund, and Jim Rogers – which has helped support both its capital base and its access to global market infrastructure (notably the IBKR connectivity that powers some of Tiger’s US execution).
The company maintains offices across Singapore, New York, Beijing, Auckland, and Sydney, employing around 1,000 people – with nearly half dedicated to R&D, reflecting its strong technology-first positioning.
Tiger Brokers’ growth and innovation have earned recognition on KPMG’s Fintech 100 and CB Insights’ Fintech 250, among other industry rankings. The platform is particularly focused on appealing to active, mobile-first investors in the Asia-Pacific region, offering the most popular financial products at competitive prices through a polished, well-designed app (Tiger Trade) – one of the better-rated trading apps in the region by users.
Free share promotional code
Tiger Brokers is currently running a special promotion for our readers in which you can earn free stocks and more (based on your residency). 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 currency conversion and trading fees (commission + platform fee), but does NOT charge custody, inactivity, account maintenance, deposit, or withdrawal 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. Tiered commission plans on US options become more favourable for larger contract volumes, useful for active option traders.
Below is a country-by-country breakdown of the most common trading fees. Note: Tiger Brokers also runs frequent promotional offers (often including periods of commission-free US stock and ETF trading for new clients), so the listed standard fees may not apply during your initial onboarding period.
Australia
- ASX stocks: AUD 2.99 per order or 0.03% of trade value (GST-inclusive), whichever is greater.
- US stocks and ETFs: USD 1.99 per order or USD 0.01 per share, whichever is greater.
- US fractional shares (less than 1 full share): 1% of trade value, capped at USD 1 per order.
- Hong Kong stocks (HKEX): HKD 15 per order or 0.06% of trade value, whichever is greater.
- China A-shares (via Stock Connect): CNH 15 per order or 0.06% of trade value, whichever is greater.
- US options: USD 3 per order or USD 0.95 per contract, whichever is greater (tiered pricing applies for higher volumes).
- Currency conversion (AUD/USD): 55 bps per transaction.
You can read about Tiger Brokers Australia’s fees in more detail on the official commissions page. Note: Tiger Brokers Australia is ASIC-regulated (Tiger Brokers (Australia) Pty Limited, AFSL 300767).
Hong Kong
Commission-free trading is available during promotional periods for HK stocks (platform fees still apply on US stocks and options). Standard fees outside promotional periods:
- US stocks and ETFs: USD 0.0099 per share (USD 1.99 minimum per order).
- US fractional shares (less than 1 full share): 1% of trade value, USD 1 minimum per order (standard US stock fees apply for 1+ share orders).
- US options: USD 0.99 per contract plus USD 1.98 minimum per order.
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 Hong Kong is regulated by the Securities and Futures Commission (SFC).
New Zealand
- US stocks and ETFs: USD 2 flat fee (up to 200 shares per order; USD 0.01 per additional share above that).
- US fractional shares (less than 1 full share): 1% of trade value, capped at USD 1 per order.
- ASX stocks: AUD 5 flat fee up to AUD 20,000 trade value (0.025% applies above that threshold).
- 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).
Some of these fees may be lower during promotional periods – notably, US and ASX stocks are often available commission-free for new clients during onboarding promotions. For more on fees including financing interest rates, futures, and other markets, see Tiger Brokers New Zealand’s official commissions page. Tiger Brokers NZ Limited is regulated by the Financial Markets Authority (FMA).
Singapore
Commission-free trading is available for US, China A-shares, Hong Kong, and Singapore stocks (as well as ETFs, REITs, and similar products) for 365 days for all new clients – though a platform fee still applies. Standard fees outside promotional periods:
- US stocks, ETFs, and fractional shares: USD 0.005 commission per share (USD 0.99 minimum, 0.5% of trade value maximum per order) + USD 0.005 platform fee per share (USD 1 minimum per order).
- Singapore stocks, ETFs, REITs, and DLCs: USD 0.005 commission per share (USD 0.99 minimum, 0.5% of trade value maximum per order) + USD 0.005 platform fee per share (USD 1 minimum per order).
- US options: USD 0.35 per contract (combined commission + platform fee).
- Mutual funds (Fund Mall): commission-free (USD 100 minimum initial investment).
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 is regulated by the Monetary Authority of Singapore (MAS).
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.
Unfortunately, Tiger Brokers does not currently provide access to European exchanges (LSE, Euronext, Frankfurt/Xetra, BME, etc.) or to Indian, Japanese, or other major Asian markets beyond what’s listed below. The platform’s focus remains firmly on US, Greater China, Singapore, and Australia/New Zealand markets.
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 savings account with a variable interest return.
- Auto-invest: automated investing feature with which you can make recurring investments in US stocks and ETFs daily, weekly, or monthly.
- Margin account: using leverage (borrowed funds) to amplify your returns and losses (an annual interest is charged for borrowing funds).
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: an invitation-only premium account tier with perks including dedicated account support, preferential trading conditions, exclusive market insights, and members-only seminars and investment opportunities. Typically aimed at high-net-worth clients with substantial portfolio sizes.
- Tiger Open Platform: a developer ecosystem offering advanced tools and services – including quant trading APIs, third-party app integrations (algorithmic strategies, portfolio analytics, automated trading bots), and access to vetted independent financial advisors.
- Cash Plus and Money Market Funds: Tiger Brokers Singapore offers cash management products including its Cash Boost programme, letting you earn yield on uninvested SGD or USD balances through investments in money market funds.
- Fixed Maturity Bond Funds: Tiger Brokers offers access to bond funds (such as the United Fixed Maturity Bond Fund series) with fixed-income exposure to investment-grade bonds at various maturities. Minimum entry typically SGD 1,000.
Safety and regulation
Tiger Brokers is regulated by multiple top-tier financial authorities across the markets where it operates: MAS (Singapore), SEC and FINRA (US), ASIC (Australia), SFC (Hong Kong), and FMA (New Zealand). As a publicly listed company on NASDAQ (ticker: TIGR), Tiger Brokers’ parent UP Fintech Holding Ltd is also subject to SEC disclosure, audit, and corporate governance requirements – adding a meaningful additional layer of accountability beyond the broker entity regulation.
Investor compensation schemes vary by region:
| Region | Compensation scheme | Coverage |
| United States | Securities Investor Protection Corporation (SIPC) | Up to USD 500,000 in total (USD 250,000 cash limit) |
| Singapore | Fidelity Fund | Up to SGD 75,000 per investor per default |
| Hong Kong | Investor Compensation Fund | Up to HKD 500,000 per investor per default |
| Australia | National Guarantee Fund (NGF) | Limited cover per claimant per event (subject to NGF rules and limits) |
| New Zealand | Tiger Brokers NZ holds client assets in segregated custody | No statutory securities compensation scheme in NZ |
You can find a more comprehensive list of Tiger Brokers’ licences and regulators on their official licences page. The parent company is publicly listed on NASDAQ (ticker: TIGR) as UP Fintech Holding Ltd.
Tiger Brokers is currently available in over 130 countries. Residents of the US, Australia, Hong Kong, Singapore, and New Zealand are automatically onboarded under their respective local Tiger entities. Residents of countries without a dedicated Tiger entity (e.g., UK, EU, Canada) have historically been onboarded under the Singapore entity, though Tiger has tightened acceptance criteria for several markets in recent years – always check the current registration flow on their website for your specific country.
Tiger Brokers cannot open accounts for residents of the following countries (for AML and sanctions-related reasons):
- Afghanistan, Albania, Azerbaijan, Belarus, Crimea Region, Cuba, Democratic Republic of the Congo, Iran, Iraq, Libya, Myanmar, North Korea, Russia, Somalia, South Sudan, Sudan, Syria, Yemen, Zimbabwe, and other jurisdictions subject to international sanctions or AML restrictions.
Tiger Brokers has also faced significant regulatory pressure in Mainland China. Following action by the China Securities Regulatory Commission (CSRC), Tiger Brokers stopped accepting new mainland Chinese clients from late 2022. Existing mainland Chinese clients can continue using the platform under transitional arrangements, but new onboarding from the mainland is no longer permitted. This is part of a broader regulatory tightening that has affected cross-border brokerages serving mainland Chinese investors.
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 are somewhat limited and depend on your country of residency, but usually include bank transfers and Wise.
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 multi-currency support, with 8 supported currencies: USD, SGD, HKD, AUD, GBP, EUR, JPY, and CNH. This makes it particularly useful for international investors who want to hold multiple currencies in a single platform without converting back to a base currency on every trade. Other Tiger entities typically offer narrower multi-currency support focused on the local currency plus USD.
Does Tiger Brokers have a demo account?
Yes, Tiger Brokers offers a free demo (paper trading) account. When opening your account, you can choose between a regular live account or a paper trading account, and the paper trading mode is also accessible at any time from the Tiger Trade app interface.
This is particularly valuable for beginners who want to get familiar with the platform’s interface, order types, and trading workflow before committing real money – and equally useful for experienced traders testing new strategies without financial risk.
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 ensure you receive the new client promotional offers (often including commission-free trading periods and free stocks), use our referral code “hmchoose” or one of the direct country-specific links below:
After uploading your documents, identity verification typically completes within a few hours to one business day, depending on the verification queue and document quality. Once approved, you can fund your account and start trading.
User reviews
Although Tiger Brokers has relatively few reviews on general broker-review sites like Trustpilot, its mobile trading app maintains strong ratings on both the major app stores. Tiger Trade is consistently rated around 4.5 stars on Google Play (across tens of thousands of reviews) and 4.7+ stars on the Apple App Store (across tens of thousands of reviews) – well above the average rating for trading apps in the category.
Common themes among positive reviews include the polished user experience, the clean and intuitive mobile interface, comprehensive charting tools, and competitive trading fees. Tiger’s mobile-first design philosophy genuinely shows in the user feedback.
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). These are typical complaints across most retail brokers, not specific to Tiger Brokers.
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), genuinely competitive fees (especially with frequent commission-free promotions), strong access to US, Hong Kong, Singapore, Australia, and New Zealand markets, the credibility of being a NASDAQ-listed broker (TIGR) regulated by top-tier authorities across multiple jurisdictions, and an unusually broad multi-currency offering (particularly in the Singapore entity).
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 is narrower than full-service brokers – no CFDs, limited bond offerings (mainly through Singapore’s fund mall), no direct crypto trading, and no individual mutual fund coverage in some entities. Standard commissions outside promotional periods are reasonable but not industry-leading. Tiger Brokers also doesn’t accept new clients from mainland China and has tightened acceptance criteria for several other markets in recent years.
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, deeper product range (bonds, CFDs, crypto, mutual funds), or a more institutional-grade desktop platform, brokers like Interactive Brokers or Saxo may be better fits.
