Fraud Awareness

2023-06-20 14:11:32

Notification of Fraudulent Use of Tiger Brokers Brand

As Tiger Brokers (“Tiger”) grows in popularity, some fraudulent microsites claiming to be Tiger illegally have been sprouting up via multiple channels on the internet.

Attempts include but not limited to, creation and spread of fake website links and fake online (group) chats, impersonation of Tiger staff, using Tiger staff photo, etc, which were not authorised by Tiger.

Tiger accepts no responsibility for any costs, information leakage, data loss, etc. which were improperly incurred resulted from the fraudulent activities.

 

Website

Please note that our official website is https://www.tigerbrokers.com.sg.

If you are in any doubt about the integrity of a website that uses the Tiger Brokers brand, you may access our websites via the above link.

 

Scam Report

We thank you for making Tiger the preferred platform for your investment needs. If you encounter any dubious websites, messages or activities, we encourage you to report to our Client Service at your earliest convenience, so that we can take action as soon as possible. At the same time, you are advised to raise the awareness of fraud and enquire through official channels when you are not sure. Your feedbacks are much appreciated.

Stay alert and vigilant of investment scams

Tiger Brokers - The Police have seen a resurgence in “pump and dump” scams involving overseas listed companies and would like to remind the public to remain vigilant and be wary of strangers offering stock recommendations or online chat groups discussing coordinated share purchases. To recap, a pump and dump” scam is a form of stock market manipulation where fraudsters would artificially inflate the price of a company’s shares (“pumping”) by spreading false positive news about the company, or creating an appearance of trading activity in order to induce others to buy the shares. As the unwitting victims buy up the shares, the share price rises. The fraudsters then quickly sell their shares in the company while the share price goes up, then stop all activities. With the absence of manipulation, the share price then plunges, resulting in sharp losses for the victims.

To avoid falling prey to these scams, be wary of stock tips provided by people you have befriended online. Stay vigilant and exercise the necessary precautions to protect yourself. For more on "pump and dump" scams, please visit the Singapore Police Force’s website here.