· Tiger Brokers offers commission rates from US$0.99 excluding brokerage and exchange fees
- Tiger Brokers Singapore is offering new users a chance to win free stocks
Tiger Trade, a mobile trading application by Tiger Brokers, has launched in Singapore. The mobile trading application helps users invest in US and Hong Kong securities, futures and options.
Tiger Trade provides access to the New York Stock Exchange
(NYSE), the world's biggest stock exchange with a market cap of US$23.3
trillion (S$32.28 trillion) and NASDAQ, which has a market cap of US$13
trillion (S$18.09 trillion). The app also provides access to the Hong
Kong Stock Exchange, the third-largest Asian stock market with a market
cap of US$4.9 trillion (S$6.81 trillion), with plans to enter the
Singapore Exchange in the next quarter.
Targeting the mobile-savvy younger generation of retail investors, Tiger Trade offers commission rates from US$0.99 excluding brokerage and exchange fees. This lowers the barrier of entry to help investors better diversify their portfolio, the company said.
Wu Tianhua, CEO of Tiger Brokers shared, “With Tiger Brokers’ rich broker-dealer experience and Tiger Trade’s dynamic mobile application, our investors will be able to make more informed decisions and better manage their investment portfolio anywhere, anytime.
“We take pride in our proprietary technology. Tiger Trade's efficient and robust interface creates a user-friendly and seamless experience for our users from account opening to trading right at the fingertips.”
The app features complimentary real-time stock quotes, a dedicated multilingual customer service during trading hours, and 24x7 finance news updates. The application also includes artificial intelligence-driven data screeners*, and easy-to-analyse trading charts.
Eng Thiam Choon, CEO of Tiger Brokers Singapore said, “As Singapore positions itself to be the fintech hub in Asia and beyond, Tiger Brokers could be the solution to address Singaporeans’ appetite for investment, helping them to diversify their portfolio into international markets at competitive cost rates.
“Having the platform in the form of a mobile application aligns with the mobile-savviness of our users. Coupled with a high per capita income and Singapore’s excellent telecommunications infrastructure, it is an opportune time for Tiger Brokers to enter the Singapore market.”
Tiger Brokers has over 600,000 customer accounts as of 30 September 2019
worldwide, in countries such as Hong Kong and New Zealand, with almost
US$26.8 billion in trading volume over the period of July to September
2019. 2020.
Details
The Tiger Trade mobile application is available for download at the Apple App store and Google Play store. New users have a chance to win free
stocks valued between S$2.50 to S$1,000 by opening a trading account
from now till 31 March.
*A data screener is software that acts like Google for stocks. This helps traders pinpoint suitable equities out of the many available stocks according to user-defined criteria.
Showing posts with label shares. Show all posts
Showing posts with label shares. Show all posts
26 February 2020
22 December 2016
Tiger Brokers arrives in Singapore
China-based international securities firm Tiger Brokers has further expanded in Asia on the heels of its growth in mainland China. The latest version of Tiger Trade, its one-stop trading platform for global asset allocation with a focus on US stocks, now supports Chinese-speaking retail investors in Singapore.
The Tiger Trade app provides data on individual stocks, technical indicators and global news, all in Chinese, enabling Chinese investors to trade stocks across capital markets worldwide. Offerings are low-commission and support cross-border investment.
Tiger Trade will also provide fast trade execution, competitive transaction fees, background information in Chinese as well as transaction services for US, Hong Kong and mainland China A-shares, with trades for stocks in all three of the markets handled through a single deposit in one account.
Tiger Brokers founder and CEO Wu Tianhua said that Singaporean investors can open an account online in three minutes. In addition to access to US stocks, Hong Kong stocks, and China A-shares, Tiger Brokers supports transactions involving securities margin trading in addition to 13,000 US stocks, share options and ETF products.
Wu explained: "Our goal is to make Tiger Trade the app of choice for any Chinese speaking investor with an international investment portfolio. Growth in securities trading apps is an inevitable trend, in tandem with the accelerating popularity of smartphones and driven by the demand by Asia-based investors for a more globally diversified allocation of their assets."
Over US$100 million in transactions were booked through Tiger Trade in the first month following the platform's launch. The dollar value of transactions handled through Tiger Trade jumped 22 times in the more than one year following the initial launch, topping US$2.2 billion a month.
According to Tiger Brokers, Singapore-based investors typically face substantial fees when trading US stocks through the existing choice of venues compared to a similarly-placed investor in the US. The minimum commission required per transaction is priced at several tens of dollars.
Tiger Brokers users enjoy commissions as low as US$0.01 per share with a minimum of US$2.99 per transaction when trading US stocks. As an illustration, if the investor completes one transaction per week, involving 300 shares, he or she will save US$30 per transaction on average or US$1,500 in one year.
Tiger Brokers' shareholders include Xiaomi Technology and Citic Securities.
The Tiger Trade app provides data on individual stocks, technical indicators and global news, all in Chinese, enabling Chinese investors to trade stocks across capital markets worldwide. Offerings are low-commission and support cross-border investment.
Tiger Trade will also provide fast trade execution, competitive transaction fees, background information in Chinese as well as transaction services for US, Hong Kong and mainland China A-shares, with trades for stocks in all three of the markets handled through a single deposit in one account.
Tiger Brokers founder and CEO Wu Tianhua said that Singaporean investors can open an account online in three minutes. In addition to access to US stocks, Hong Kong stocks, and China A-shares, Tiger Brokers supports transactions involving securities margin trading in addition to 13,000 US stocks, share options and ETF products.
Wu explained: "Our goal is to make Tiger Trade the app of choice for any Chinese speaking investor with an international investment portfolio. Growth in securities trading apps is an inevitable trend, in tandem with the accelerating popularity of smartphones and driven by the demand by Asia-based investors for a more globally diversified allocation of their assets."
Over US$100 million in transactions were booked through Tiger Trade in the first month following the platform's launch. The dollar value of transactions handled through Tiger Trade jumped 22 times in the more than one year following the initial launch, topping US$2.2 billion a month.
According to Tiger Brokers, Singapore-based investors typically face substantial fees when trading US stocks through the existing choice of venues compared to a similarly-placed investor in the US. The minimum commission required per transaction is priced at several tens of dollars.
Tiger Brokers users enjoy commissions as low as US$0.01 per share with a minimum of US$2.99 per transaction when trading US stocks. As an illustration, if the investor completes one transaction per week, involving 300 shares, he or she will save US$30 per transaction on average or US$1,500 in one year.
Tiger Brokers' shareholders include Xiaomi Technology and Citic Securities.
posted from Bloggeroid
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