Tiger Brokers Review
Rana Adnan | March 24, 2022
Table of Contents
Tiger Brokers is a multi-regulated online discount broker that provides clients with a proprietary trading platform for trading multiple assets, including Stocks, ETFs, Options, Futures, Warrants, and CBBC.
Broker Pros / Cons
- Multiple regulations
- Sophisticated trading platforms
- Various financial instruments
- Limited funding options
- Limited standalone trading tools
- No MetaTrader platforms
- No live chat support
Summary
Regulated in multiple jurisdictions, Tiger Brokers provides online trading services to over 1 million registered users globally. They provide traders with their sophisticated trading platforms for online trading of various financial products with very low commission fees.
Tiger Brokers Broker Features Overview
Regulation
Tiger Brokers are regulated in multiple jurisdictions, including the USA, Australia, Singapore and New Zealand.
Tiger Brokers allow traders from different parts of the world to open a trading account with them if their countries of residence allow online trading with foreign brokers.
Platforms
The broker provides traders with the feature-rich and sophisticated Tiger Trade platform. It has a range of built-in professional tools, including in-depth analytics, screeners, and candlestick charts, to help experienced traders stay on top of the markets. Clients can also enjoy the convenience of trading across multiple markets with the multi-currency facility and a host of other features. The platform is available as a desktop application for Windows and Mac computers and a mobile app that is compatible with Android and iOS devices.
Tiger Brokers Tiger Trade Platform
There is also the Trader Work Station (TWS), which is an alternative platform for global trading. It has a range of useful trading tools and is also available in desktop and mobile versions.
Tools
There are no standalone trading tools on the broker’s website.
Education
The ’Guidance’ section of the broker’s website contains a range of educative articles and some frequently asked questions with their answers.
Markets
The broker offers multiple tradable assets, such as Stocks, ETFs, Options, Futures, Warrants, and CBBC for trading online.
Accounts
The broker offers clients two trading account options, namely: Prime Account and Global Account.
Support
The broker’s support team can be contacted through email and telephone.
Funding
Tiger Brokers allows clients to make deposits and withdrawals via bank transfers and telegraphic transfers.
Signup
This requires the clients to click on the ‘Open Account’ button, properly fill out the displayed form, submit, provide any required documents, and wait for the approval.
Tiger Brokers Account Opening Page
Compare
| Broker Features | AvaTrade | IG | IC Markets | |
|---|---|---|---|---|
| Founded | 2006 | 1974 | 2007 | |
| Regulated | ASIC, BVI, CBI, FFAJ, JFSA, FSCA, IIROC, ADGM FRSA | FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF | ASIC, CySEC, FSA, SCB | |
| Country | Australia, Ireland, South Africa, Japan, British Virgin Islands | Australia, UK, USA, Switzerland, UAE, Singapore, Japan | Australia, Seychelles, Bahamas, Cyprus | |
| Min. Deposit | Min $250 Deposit | Min $100 Deposit | Min $200 Deposit | |
| Commission | From $0 | From $0 | From $0 | |
| Spreads | Fixed | Variable | Variable | |
| Leverage | 1:400 | 1:200 | 1:500 | |
| Instruments | Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs, ETFs | Forex, Commodities, Stocks, Shares, Indices, Cryptocurrencies, Metals, Energies, Options, Bonds, ETFs, CFDs | Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs | |
| Platforms | MetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade, Web, Mobile | MetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API, Web, Mobile | MetaTrader 4, MetaTrader 5, cTrader, Web, Mobile | |
| Type | Market Maker, STP | STP, ECN, DMA | ECN | |
| Funding | Wire Transfer, Credit/Debit Card, Paypal, WebMoney, Neteller, Skrill | Wire Transfer, Credit/Debit Cards, PayPal | Wire Transfer, Credit Card, Debit Card, WebMoney, Neteller, PayPal, Skrill, FasaPay, UnionPay, Qiwi, Bpay, Poli | |
| Visit Broker | Visit Broker | Visit Broker | Visit Broker |
Conclusion
Tiger Brokers is a multi-regulated discount broker that offers multiple financial assets for online trading via the provided trading platforms.
Min $1 Deposit
Tiger Brokers is a regulated online discount broker that provides clients with a proprietary trading platform for trading multiple assets, including Stocks, ETFs, Options, Futures, Warrants, & CBBC.
About the Author
Rana Adnan
I am an introverted long-distance runner and a Forex trader with more than 7 years of experience. Reminiscences of a stock operator was the first book that changed the whole concept of trading for me.
Review Methodology
For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. You can read more about our review process.
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