Tiger Trade app to help users invest in US, HK stocks
· 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.
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.