Tiger Brokers adds zero commission on Singapore, HK, China A-Shares

Rick Steves

The firm already offered lifetime zero commissions for US stocks.

china

Singapore-headquartered broker Tiger Brokers has extended its Zero Commission campaign, originally for unlimited trades on US stocks, to users trading Singapore and Hong Kong stocks as well as China A-Shares, for one year.

This announcement follows the launch of the broker’s new mobile app which allows users to further personalise their experience and offers with greater access to a broader range of education and community tools and features.

The firm already offered lifetime zero commissions for US stocks.

“Further significant cost saving opportunities”

Eng Thiam Choon, CEO of Tiger Brokers (Singapore), said: “Tiger Brokers continuously seeks to understand the requirements of our customer base and we aim to address these by harnessing our strength in innovation to improve the range of offers on our platform. Having been the first in the market to offer our customers lifetime zero commissions for US stocks we are proud that we are again the first to extend this offer to Singapore and Hong Kong stocks and to China A-Shares.

“We aim to bring the best offers to our users by disrupting the financial markets and democratising the investment process, taking our customers one step closer to achieving financial happiness through financial freedom and inclusion. Our strength in innovation has been key to our growth and by leveraging our next-generation technology platform, we are able to provide our customers with a seamless experience at lower cost. With around 21% of our user base active in stocks across all three markets, we envisage the extension of the Zero Commissions campaign providing our customers with further significant cost saving opportunities.”

Tiger Brokers (Singapore) has over 1.9 million customers worldwide and has reported an annual trading volume of more than US$404.3 billion, as of December 2021.

The 1.9 million traders registered with Tiger Brokers can make use of zero commission trading to better capitalising on small price movements in the market, and unlocking cost savings with more efficient trading.

It was in April 2022 that the Xiaomi-backed online trading platform rolled out its inaugural lifetime lifetime zero commissions campaign for unlimited trades on US stocks. Daily trading value of US Securities amounted to $102 million per day on its platform, the firm reported.

Tiger Brokers, which is backed by Interactive Brokers, Chinese tech giant Xiaomi and renowned investor Jim Rogers, has also recently tapped exchange traded products offered at Singapore Exchange and the Australian Securities Exchange.

Read this next

Retail FX

Banxso announces 8.7% interest rate on deposits in South Africa

“With Banxso, they can enjoy the benefits of both worlds – earning competitive interest and having the freedom to trade, all within the same platform.”

Industry News

FINRA to publish transaction details in U.S. Treasury securities

“Consistent with our longstanding practice, FINRA is introducing greater transparency in a calibrated and careful manner, benefiting liquidity and resilience in this critical market while also mitigating potential information leakage concerns.”

Institutional FX

OpenYield launches “cheap and easy” fixed income trading for brokers

“We’re on a mission to make bonds cheap and easy to trade, and are excited about the opportunity to build generational capital markets infrastructure.”

Digital Assets

Sumsub and Mercuryo publish a guide for VASPs: “Mastering Travel Rule Compliance”

“At Sumsub, we’ve concentrated our efforts on filling the gap in understanding the complexity of Travel Rule regulation and helping organizations find the best solution to stay safe and compliant while minimizing costs and avoiding potential risks of non-compliance. This guide we created with Mercuryo, our trusted partner, is the ultimate navigation tool all VASPs can consult.”

Digital Assets

Bitget Wallet Leads with Record Swap Volume & New Crypto Innovations

This week, Bitget Wallet achieved a milestone by surpassing Metamask with a record 388,757 Swap order transactions, securing the global lead. The significant 7-day trading volume, almost 68,000 more than its rival, underscores its liquidity and user trust. This robust activity signals Bitget Wallet’s prominent role and reliability in the dynamic crypto market.

Digital Assets

Embarking on a Digital Currency Journey

Imagine you’ve stumbled upon a treasure map, leading you to untold riches hidden in the vastness of the internet. Instead of gold coins and jewel-encrusted goblets, this treasure comes in the form of digital currencies, the modern-day loot coveted by many.

Reviews

Traders Union Experts Share The Trading Analyst Review For 2024

Navigating options trading in rapidly shifting markets poses a considerable challenge. This is where options trading alert services become invaluable. They aid traders in keeping abreast of evolving opportunities and market trends. In this assessment, Traders Union experts scrutinize The Trading Analyst alert service to ascertain its efficacy. 

Digital Assets

BlockDAG’s Presale Achieves $9.9M: Aiming For A 5000-Fold ROI As Cardano’s Price Rises And Fantom Launches Sonic

Explore Cardano’s surge, Sonic’s efficiency, and why BlockDAG’s growth makes it the top crypto choice. A deep dive into the future of blockchain investments.

Digital Assets

US, UK probe $20 billion Tether transfers tied to Russian exchange.

U.S. and UK authorities are investigating the movement of $20 billion in the USD-pegged stablecoin tether (USDT) through Moscow-based exchange Garantex.

<