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Sarwa 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

Tiger Brokers has the lower minimum deposit: $0, against $500.
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 Sarwa is licensed by FSRA (ADGM).
Only Tiger Brokers is licensed by MAS, SFC, SEC, and ASIC.

Criterion	Sarwa	Tiger Brokers On our watch list: check recent regulator actions and withdrawal reports before using it.
Rating	4.6/5 on other platforms 5.3K ratings	4.6/5 on other platforms 30.2K ratings
Regulators	FSRA (ADGM)	MAS, SFC, SEC, ASIC
Minimum deposit	$500	No minimum
Markets	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	stocks, ETFs, fractional shares, bonds, options, funds
US stock or ETF order	0.25% of the order, minimum $1	$0.01 per share, minimum $1.99
Deposits and withdrawals	Bank transfer	Bank transfer, PayNow, FPS (Faster Payment System)
Investor protection	—	SIPC, Investor Compensation Fund (Hong Kong)
Founded	—	2014
	Read review	Read review

What is the minimum deposit at Sarwa and Tiger Brokers?

Sarwa: $500. Tiger Brokers: $0.

Which regulators license Sarwa and Tiger Brokers?

Sarwa is licensed by FSRA (ADGM); Tiger Brokers by MAS, SFC, SEC, and ASIC.