Tiger Brokers Review 2024

Founded in 2014, Tiger Brokers is a stocks and securities broker based in China, offering 350+ products on a proprietary trading terminal. The broker is regulated by the Monetary Authority of Singapore (MAS) among others, and is listed on NASDAQ. As of 2021, the broker has 2 million account holders with an annual trading volume of $404.3+ billion.

Tiger Brokers is broker that gives traders access to Stocks, Options, Futures, Stock Options, ETFs, Warrants, Interest Rates. Surprisingly, Tiger Brokers does not support either of the enormously popular MetaTrader 4 and MetaTrader 5 platforms.

In terms of features offered to traders, Tiger Brokers has Demo Accounts but is missing Islamic Accounts, Social Trading, Signals and Auto Trading.

Careful traders will be pleased to know that Tiger Brokers is licensed to provide trading services by multiple regulatory bodies, 8 in fact. Note, however, that the FCA here in the UK is not among them. Prudent traders might want the extra safety of going with an FCA-regulated broker.

Tiger Brokers Summary

Founded in 2014, Tiger Brokers is a stocks and securities broker based in China, offering 350+ products on a proprietary trading terminal. The broker is regulated by the Monetary Authority of Singapore (MAS) among others, and is listed on NASDAQ. As of 2021, the broker has 2 million account holders with an annual trading volume of $404.3+ billion.

Tiger Brokers is #110 in our rankings of UK brokers.

Ratings

90%
Trust
50%
Instruments
14%
Features
Pros
  • I’m satisfied with the brokers strong industry reputation, with multiple awards, custodian backing (including from Interactive Brokers and DBS bank), and its appointed listing on the NASDAQ
  • I think Tiger Brokers competes well with similar brands when it comes to market coverage, with an excellent range of stocks and funds from US and Pacific exchanges
  • I appreciate that there’s no minimum deposit to get started on the powerful trading terminal, which is accessible via a stable desktop app or mobile device
  • I also appreciate that the broker supports fee-free deposits via bank wire and Wise, in a range of currencies including HKD, USD, AUD and EUR
  • I feel relatively safe registering with this broker since it holds reputable licenses with multiple bodies including the SEC, FINRA and MAS
  • There’s a free demo account available for those who want to browse the platform’s features before committing real funds
  • I found several customer service options, including a live chat, telephone number, WhatsApp and email
Cons
  • I think some traders may feel restricted by the single proprietary platform offering, with no access to popular third-party stock trading terminals like MetaTrader 4
  • Compared to traditional brokers, there’s limited account funding methods which may be a drawback for traders used to depositing via e-wallets
  • Compared to some other brokers, I think the range of educational resources and market analysis tools is lacking a little
  • I’m a little disappointed that there’s no EMEA market access which would serve a wider cohort of investors
BonusNone
InstrumentsStocks, Options, Futures, Stock Options, ETFs, Warrants, Interest Rates
Demo Account ✓ Yes
Min. Deposit $0
Min. Trade1 Lot
Regulated ByMAS, SEC & FINRA, ASIC, SIPC, NFA, DTC, NSCC, HKMA
MetaTrader 4✗
MetaTrader 5✗
cTrader✗
DMA Account✗
ECN Account✗
Mobile Apps ✓
Auto Trading ✗
Trade Signals ✗
Social Trading✗
Copy Trading✗
Islamic Account ✗
Stock Exchanges
  • Shenzhen Stock Exchange
  • Nasdaq
  • New York Stock Exchange
  • Australian Securities Exchange (ASX)
  • Hong Kong Stock Exchange

Payment Methods

Tiger Brokers accepts the following payment methods:

Risk Warning – Your capital is at risk

FAQ

Is Tiger Brokers Safe?

Yes, we gave Tiger Brokers a high 90% trust score in our review and believe traders should be safe here.

Does Tiger Brokers Accept PayPal?

No, Tiger Brokers does not accept PayPal payments. See our list of brokers that accept PayPal for alternatives.

Is Tiger Brokers Halal?

Probably not, as Tiger Brokers does not offer an Islamic trading account as far as we know. For alternatives, please see the list of halal brokers.

Is Tiger Brokers Regulated in the UK?

No, Tiger Brokers is unfortunately not regulated by the FCA here in the UK. See our list of FCA regulated brokers for safer options

Is Tiger Brokers Regulated?

Yes, Tiger Brokers is regulated by 8 different regulators: MAS, SEC & FINRA, ASIC, SIPC, NFA, DTC, NSCC and HKMA.

The fact that Tiger Brokers is not regulated by our own FCA will be a concern to the most careful traders. See our list of FCA regulated brokers for alternatives.

Top 3 Tiger Brokers Alternatives

These brokers are the most similar to Tiger Brokers:

  1. IG Index - Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
  2. Interactive Brokers - Interactive Brokers (IBKR) is a premier brokerage, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.
  3. Swissquote - Swissquote is a Switzerland-based bank and broker that offers online trading and investing. The company has a high safety score and is listed on the Swiss stock exchange. The firm offers a huge range of products, from stocks, ETFs, bonds and futures to 400+ forex and CFD assets. Hundreds of thousands of traders have opened an account with the multi-regulated brokerage. Clients can get started in three easy steps while 24/7 customer support is available to assist new users.

Tiger Brokers Feature Comparison

Tiger Brokers Compared With Similar Brokers
Tiger Brokers IG Index Interactive Brokers Swissquote
Rating 3.5 4.7 4.3 4
Markets Stocks, Options, Futures, Stock Options, ETFs, Warrants, Interest Rates CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies Forex, CFDs, Indices, Stocks, ETFs, Bonds, Options, Futures, Cryptos (location dependent)
Minimum Deposit $0 $0 $0 $1000
Minimum Trade 1 Lot 0.01 Lots $100 0.01 Lots
Demo Account Yes Yes Yes Yes
Regulators MAS, SEC & FINRA, ASIC, SIPC, NFA, DTC, NSCC, HKMA FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB, AFM FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM FCA, FINMA, DFSA, SFC, AFM
Bonus - - - -
Education No Yes Yes No
Platforms - MT4 - MT4, MT5
Leverage 1:4 1:30 (Retail), 1:222 (Pro) 1:50 1:30
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69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Review Tiger Brokers
Review		 IG Index
Review		 Interactive Brokers
Review		 Swissquote
Review

Trading Instruments Comparison

Comparison of Tiger Brokers Trading Instruments
Tiger Brokers IG Index Interactive Brokers Swissquote
CFD No Yes Yes Yes
Forex No Yes Yes Yes
Stocks Yes Yes Yes Yes
Crypto No No Yes No
Commodities No Yes Yes Yes
Oil No Yes No Yes
Gold No Yes Yes Yes
Copper No Yes No No
Silver No Yes No Yes
Corn No No No No
Futures Yes Yes Yes Yes
Options Yes Yes Yes Yes
ETFs Yes Yes Yes Yes
Bonds Yes Yes Yes Yes
Warrants Yes Yes Yes No
Spreadbetting No Yes No No
Volatility Index No Yes No No

Tiger Brokers vs Other Brokers

Compare Tiger Brokers with any other broker by selecting the other broker below.

 

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Founded in 2014, Tiger Brokers is a stocks and securities broker based in China, offering 350+ products on a proprietary trading terminal. The broker is regulated by the Monetary Authority of Singapore (MAS) among others, and is listed on NASDAQ. As of 2021, the broker has 2 million account holders with an annual trading volume of $404.3+ billion.