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GBM vs Tiger Brokers: fees, markets and protection

Facts for both companies from their official pages; each was checked on the date shown in its review.

Facts verified on October 18, 2026

Key differences

Only GBM lists Mexican Stock Exchange (BMV).
Only Tiger Brokers lists Hong Kong Exchanges (HKEX), Singapore Exchange (SGX), Shanghai Stock Exchange (SSE), Shenzhen Stock Exchange (SZSE), and Australian Securities Exchange (ASX).
Only GBM is licensed by CNBV.
Only Tiger Brokers is licensed by MAS, SFC, SEC, and ASIC.
Only GBM supports SPEI for deposits and withdrawals.
Only Tiger Brokers supports Bank transfer for deposits and withdrawals.

Criterion	GBM	Tiger Brokers On our watch list: check recent regulator actions and withdrawal reports before using it.
Rating	4.6/5 on other platforms 17.4K ratings	4.6/5 on other platforms 30.2K ratings
Regulators	CNBV	MAS, SFC, SEC, ASIC
Minimum deposit	MX$100	No minimum
Markets	Mexican Stock Exchange (BMV), US exchanges (NYSE, Nasdaq)	US exchanges (NYSE, Nasdaq), Hong Kong Exchanges (HKEX), Singapore Exchange (SGX), Shanghai Stock Exchange (SSE), Shenzhen Stock Exchange (SZSE) +1
Products	stocks, ETFs, fractional shares, bonds, funds	stocks, ETFs, fractional shares, bonds, options, funds
US stock or ETF order	0.25% of the order	$0.01 per share, minimum $1.99
Deposits and withdrawals	SPEI	Bank transfer, PayNow, FPS (Faster Payment System)
Founded	1985	2014
Headquarters	Mexico	—
Investor protection	—	SIPC, Investor Compensation Fund (Hong Kong)
	Read review	Read review

What is the minimum deposit at GBM and Tiger Brokers?

GBM: MX$100. Tiger Brokers: $0.

Which regulators license GBM and Tiger Brokers?

GBM is licensed by CNBV; Tiger Brokers by MAS, SFC, SEC, and ASIC.