Tiger Brokers launches $0 brokerage social trading platform in Australia
The firm will be looking to up its recruitment and deliver better performance and manpower as it immerses itself in the Australian online brokerage landscape.
Tiger Brokers has announced it is establishing a mobile-based trading platform that allows retail investors gain access to Australian and US shares with low fees and powerful tools.
The broker also offers ETFs and options with free real-time quotes, in-depth market data and vast market analytics tools, said the Nasdaq-listed firm which is launching its proprietary one-stop investing platform Tiger Trade in Australia.
Through Tiger Brokers (AU), an ASIC regulated financial service provider in Australia, the fintech giant is expanding into the Australian market.
The trading platform aims to operate as an “Australian version of Reddit” that lets investors post and share their insights and opinions. It mostly targets millennials and Gen Z, but seasoned investors are also welcomed.
Eyes on the rise of the retail trader
Michael McCarthy, Chief Strategy Officer at Tiger Brokers Australia, said: “We’re excited to come to the Australian market and bring a higher quality investing experience to local investors, and deliver access to key international markets.
“We believe everyone should have access to the markets, and everyone has the right to reach for the best and grow to their full potential as investors. By providing more insights, tools and resources to retail investors, Tiger Trade helps both beginner and advanced investors to make more informed and smarter investment decisions.”
“We take pride in our proprietary and cutting-edge technology. At Tiger, we develop our proprietary trading platform and backend technology internally and consider our expertise in the rapid development and deployment of new trading technology as one of our core strengths. It gives us the advantage of speed in developing useful and user-friendly features. It also allows us to make improvements based on client feedback on a biweekly basis, consistently meeting our clients’ needs efficiently.”
Tiger Brokers was founded in 2014 and its now catering to more than 9 million users worldwide. The fintech firm is now eyeing the retail trading revolution.
“We are seeing the rise of retail traders and investors, particularly the younger generation who are more technology-savvy. Given our powerful all-in-one trading platform, we want to give Australians full access to global markets,” McCarthy said. “We support full extended trading hours, which includes pre-market and after-hours sessions for U.S. shares. This is important, particularly for active traders who want to catch the big moves during those critical hours of trading.”
Tiger Brokers also offer U.S. options for Australian investors with USD $0.95 per contract as options contracts rise in popularity as well.
The firm will be looking to up its recruitment and deliver better performance and manpower as it immerses itself in the Australian online brokerage landscape.
