Tiger Brokers launches $0 brokerage social trading platform in Australia

Rick Steves

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.

  • Read this next

    Digital Assets

    Celsius founder Mashinsky agrees to shared lawyers with Sam Bankman-Fried

    Former Celsius CEO Alex Mashinsky has addressed potential conflicts of interest in his legal representation during a brief hearing in a New York courtroom.

    Digital Assets

    Sam Bankman-Fried captured in first jail photo

    Sam Bankman-Fried, the once-billionaire founder of FTX, has been spotted looking quite different with a new beard and a slimmer figure in a photo that’s been making rounds, reportedly taken inside New York’s Metropolitan Detention Centre.

    Market News

    Bitcoin stalls at $53,000 level, Ethereum reaches $3,000

    Bitcoin (BTC) faced renewed resistance at the crucial $53,000 level on Tuesday, indicating that the primary cryptocurrency is likely to continue consolidating before making its next decisive move.

    Digital Assets

    UK targets new laws for stablecoins and crypto staking within six months

    The United Kingdom is gearing up to enact fresh legislation regulating stablecoins and crypto staking within the next six months.


    Masa’s Milestones Before Mainnet Launch

    Since its launch in August 2022, Masa, the premier decentralized network for personal data, has experienced rapid growth, securing over 1.2 million unique wallets and accumulating more than 23 million data points. Despite a bear market, the network has attracted over 40,000 node operators to its testnet within just 18 months.

    Digital Assets

    Web3 Greatest Startup Competition Hits $10M in Prizes

    We’re thrilled to announce the return of the highly anticipated Startup Competition at Paris Blockchain Week. With a staggering array of prizes totaling over $10 million, encompassing funding, grants, credits, accelerations, listing, and more, this competition has become a cornerstone event within the blockchain startup ecosystem.  

    Digital Assets

    Hedge fund Tyr Capital faces dispute over exposure to FTX

    Crypto hedge fund Tyr Capital found itself embroiled in a dispute with one of its clients concerning its investment exposure to the bankrupt digital assets exchange FTX, as reported by the Financial Times on Tuesday.

    Retail FX

    Plus500 revenue down to $725 million, unveils $100M share buyback

    Israeli-based, but London-stock market listed Plus500 Ltd (LON:PLUS) today reported its 2023 results, which came “significantly ahead” of analysts’ estimates.


    Strategies for Profiting from Interest Rate Fluctuations

    The world of Forex trading is a complex and dynamic domain where interest rates play a pivotal role in shaping currency values. Octa’s team of financial experts delves into this intricate relationship, providing traders with a comprehensive understanding and strategies to harness economic indicators for enhanced trading performance.