Tiger Brokers review: Singapore and Hong Kong accounts and fees

Overview

Tiger Brokers is an online broker founded in 2014 and listed on Nasdaq (ticker TIGR). Its app, Tiger Trade, offers stocks, ETFs, options, futures, funds and US Treasuries. Each region has its own company: itiger.com opens the Singapore site, and the Hong Kong site is at itiger.com/hk/en. All facts in this review were checked on 28 October 2026.

Which company holds your account

The site lists seven regulated companies:

• Tiger Brokers (Singapore) Pte. Ltd., licensed by the Monetary Authority of Singapore and authorised to operate in Singapore only. The site gives its company number (201810449W), not a MAS licence number.
• Tiger Brokers (HK) Global Limited, licensed by Hong Kong’s SFC (Central No. BMU940); its account-opening guide is written for Hong Kong residents.
• US Tiger Securities, Inc. and TradeUP Securities, Inc., US broker-dealers registered with the SEC and members of FINRA and SIPC (confirmed in FINRA’s BrokerCheck). TradeUP clears the US trades of Singapore clients.
• Tiger Brokers (AU) Pty Limited, licensed by ASIC (AFSL 300767).
• Tiger Brokers (NZ) Limited and Tiger Fintech (NZ) Limited, only registered in New Zealand’s register of financial service providers and, as the site says, not licensed by a New Zealand regulator.

Tiger publishes no list of the countries whose residents it accepts, so check which company your account agreement names.

Mainland China and Taiwan

Tiger’s site for mainland China says that since 31 December 2022 the company no longer accepts account applications from mainland China users; existing users keep the app, which left mainland app stores in May 2023. The Singapore company does not solicit investors in China, Malaysia or Vietnam and does not pay withdrawals to mainland China bank accounts. We found nothing about Taiwan.

Regulator action in China

On 22 May 2026 the China Securities Regulatory Commission (CSRC) announced a case against Tiger Brokers (NZ) Limited and related entities in and outside mainland China for illegal securities business there, with an advance notice of an administrative penalty: it proposes to confiscate the illegal gains and impose penalties after hearing the companies. We found no final decision, so we mark Tiger Brokers as “watch”. In December 2022 the CSRC had already said it would require Tiger to stop soliciting mainland investors and opening new mainland accounts.

Products and markets

Tiger names US exchanges (NYSE, Nasdaq), Hong Kong (HKEX), the Singapore Exchange, Australian stocks, and China A-shares in Shanghai and Shenzhen through Stock Connect (without ChiNext and STAR stocks). Fractional shares of certain US stocks and ETFs start at USD 1, and the Singapore site lists over 1,500 unit trusts and funds.

Costs

On the Singapore price list (“Prime”), a US stock or ETF order costs a commission of USD 0.005 per share (at least USD 0.99) plus a platform fee of USD 0.005 per share (at least USD 1), each capped at 0.5% of the trade value: USD 0.01 per share, at least USD 1.99 per order. A settlement fee of USD 0.003 per share, US regulatory fees on sales and 9% Singapore GST come on top. The US stocks page shows USD 0.0099 per share instead; we use the price list. In Hong Kong, holders of a Hong Kong identity card see a “special” USD 0.0049 per share (at least USD 0.99) plus USD 0.005 per share (at least USD 1).

Currency is converted at a real-time rate; Tiger publishes no fee or spread for it. There is no minimum deposit in Singapore; in Hong Kong each bank account needs a first deposit of at least HKD 10,000. We found no inactivity fee, but an account unused for 36 months is suspended as dormant.

Protection

Tiger’s Singapore site says US securities are protected by SIPC up to USD 500,000; its US trades are cleared by TradeUP Securities, a SIPC member. In Hong Kong, the Investor Compensation Fund pays up to HKD 500,000 per person for exchange-traded products in Hong Kong if a licensed intermediary defaults. Client money is held in segregated trust accounts.

Deposits and withdrawals

In Singapore you can deposit by bank transfer (FAST for Singapore dollars), PayNow (Singapore dollars, free, usually within minutes) or a DBS/POSB direct debit; Tiger and its bank DBS charge nothing, though other banks may. Withdrawals carry no Tiger fee: Singapore dollars by FAST are free, a telegraphic transfer costs about USD 25 or HKD 200 in bank fees, and Hong Kong dollars can go to a Hong Kong bank by FPS. Hong Kong accounts are funded only from Hong Kong bank accounts.

What we could not confirm

• The licences in the MAS and SFC registers, which we could not open; the Hong Kong number comes from Tiger’s pages and no MAS licence number is published.
• A list of the countries Tiger accepts, and anything about Taiwan.
• A currency conversion fee, a head office address and Islamic accounts.

We have not tested this platform with our own account yet; this review will be updated when we do.