Tiger Brokers Review

What is Tiger Brokers?

Tiger Brokers is a share trading platform that was established in 2014 and introduced to New Zealand in 2015. It caters to both novice and experienced investors by providing the accessibility of a micro-investing platform combined with the more advanced investment options required by seasoned traders.

Tiger Brokers is the winner of Canstar’s Most Satisfied Customers | Online Share Trading Award 2024.

What can people invest in through Tiger Brokers?

Tiger Brokers provides access to international markets including Australia, China, Hong Kong, Singapore and the US. Note that it doesn’t give access to the NZ market.

Through Tiger Brokers, you can invest in:

• Shares: When you buy shares, you invest in a particular company, like Tesla or Facebook. Shares can be bought or sold between people on an exchange, which is a market where people can trade shares.
• Exchange traded funds: ETFs are a group of different assets rather than one particular company, but they trade like shares on an exchange. Think of it in terms of a bakery. Buying individual doughnuts is like buying shares. You pay the price for each different kind of doughnut. An ETF is like buying a box of doughnuts, you get all the different types, which can be grouped by a theme.
• US Options
• Futures
• Warrants and CBBCs

Some key features of Tiger Brokers include:

• Competitive transaction fees and currency exchange fees
• Free real-time L2 US market data & click-to-refresh ASX market data
• Pre-market and post-market trading for US markets. (5.5 hours before the market opens, and 4 hours after the market closes)
• Free demo account with US$100K to practise stocks and options investing
• 24/7 access to analytical tools and financial news

Tiger also offers welcome promotions, including zero transaction fees for four US and ASX shares trades each month, for the life of your account.

How much does it cost to invest with Tiger Brokers?

Because Tiger Brokers provides access to multiple worldwide stock exchanges, pricing is market dependent.

US stocks, EFTs and OCT (over the counter)

Tiger Brokers is currently offering a promotional transaction fee for first time investors:

• $0 flat fee for four AU or US share trades per month for life

Otherwise, Tiger Brokers’ standard transaction rate for the US market is:

• US$2 flat fee to buy or sell up to 200 shares. Plus US$0.01 for every additional share after that transaction

Australian stocks and EFTs

Tiger Brokers is currently offering a transaction promotion for first time investors:

• $0 flat fee for four AU or US share trades per month for life

Otherwise, Tiger Brokers’ standard transaction rate for the AU market is:

• AU$5 flat fee to buy or sell up to AU$20,000 trade value and 0.025% times trade value after that per transaction

Hong Kong stocks and EFTs

• HK$15 flat transaction fee to buy or sell up to HKD 25,000 trade value and 0.06% times trade value after that per transaction.

Note there are extra fees including settlement, quotes and trading activity fees.

More information surrounding Tiger Brokers’ pricing can be found here.

How do I sign up to Tiger Brokers?

You can join Tiger Brokers via its website or by downloading the Tiger Trade App.

You will need to provide:

• Your ID details
• Personal information and residential address
• Employment details
• Investment experience
• Nature and purpose
• Tax residence

After the application process is complete, Tiger Brokers will start assessing the information you provided instantly and update you on the progress of your application through SMS and email.

You must be 18 years or older, and living in New Zealand to set up this account.