Tiger Brokers Singapore Review 2026: Fees, Safety & Is It Worth It?
A complete, no-fluff review for Singapore investors — covering fees, safety, platform features, and whether Tiger Brokers is right for you.
Tiger Brokers is a MAS-regulated online brokerage that lets Singapore investors trade US stocks, SGX stocks, Hong Kong equities, ETFs, and options from one app. It offers some of the lowest commissions in Singapore — S$1.99 minimum per SGX trade and US$0.99 minimum per US trade — with no minimum deposit and a digital account opening process that takes about 10 minutes.
Not financial advice. All figures are for educational reference only. Data as at June 2026 unless noted.
- Tiger Brokers is MAS-regulated and backed by Xiaomi and Interactive Brokers — safe for Singapore investors.
- Fees are competitive: S$1.99 min for SGX trades, US$0.99 min for US stocks. No custody fee for now.
- Best suited to active traders and those who want access to US, HK, and Australia markets from one platform — with CPF/SRS support built in.
Table of Contents
Contents — Click to expand
- What Is Tiger Brokers?
- Is Tiger Brokers Safe? Regulation & Fund Safety
- Tiger Brokers Fees: What You Actually Pay
- Tiger Trade Platform: Features & Usability
- How to Open a Tiger Brokers Account in Singapore
- Tiger Brokers vs moomoo vs IBKR vs Saxo
- Who Should Use Tiger Brokers?
- Frequently Asked Questions
What Is Tiger Brokers?
Tiger Brokers (full name: UP Fintech Holding Limited) is a Chinese-founded online brokerage that launched in Singapore in 2020. The parent company is listed on NASDAQ under the ticker TIGR and is backed by two heavyweight investors — Xiaomi founder Lei Jun and US brokerage giant Interactive Brokers both hold stakes in the company.
In Singapore, Tiger Brokers operates as Tiger Brokers (Singapore) Pte Ltd. It holds a Capital Markets Services (CMS) licence from the Monetary Authority of Singapore (MAS), covering dealing in securities, trading in futures contracts, and fund management services.
Through the Tiger Trade app, Singapore investors can access US stocks and ETFs (NYSE, NASDAQ, AMEX), Singapore stocks and ETFs (SGX), Hong Kong stocks (HKEX), Australian stocks (ASX), China A-shares, plus options, futures, and IPO subscriptions.
Tiger Brokers also introduced CPF-OA and SRS investing through its Cash Boost account feature in 2025. This lets you invest CPF Ordinary Account and SRS funds into eligible SGX-listed, Singapore-dollar denominated stocks and ETFs — all within one platform.
| Detail | Tiger Brokers Singapore |
|---|---|
| Full Name | Tiger Brokers (Singapore) Pte Ltd |
| Parent Company | UP Fintech Holding Ltd (NASDAQ: TIGR) |
| Backed By | Xiaomi, Interactive Brokers |
| MAS Licence | Capital Markets Services Licence (CMS) |
| Launched in SG | 2020 |
| Markets Available | US, SGX, HKEX, ASX, China A-shares |
| Minimum Deposit | None (S$1 triggers welcome gift eligibility) |
| Account Opening | Fully digital, ~10 minutes, 1–3 business days |
Source: Tiger Brokers Singapore official website, June 2026
Is Tiger Brokers Safe? Regulation & Fund Safety
This is the first question most Singapore investors ask — and the answer is yes, Tiger Brokers is a legitimate, regulated broker. Here is what the safety framework looks like.
MAS Regulation: Tiger Brokers (Singapore) Pte Ltd holds a Capital Markets Services licence under the Securities and Futures Act. This subjects it to MAS supervision, capital adequacy requirements, and conduct rules for dealing in securities and futures.
Fund Segregation: Your cash deposits are held in segregated bank accounts at DBS Bank — completely separate from Tiger Brokers’ own operating funds. If Tiger Brokers were to face financial difficulties, your cash is ring-fenced from creditors.
Securities Custody: Your stocks and ETFs are held in a custodian account also segregated from company assets. Tiger Brokers uses DBS Singapore as its custodian bank.
Listed on NASDAQ: The parent company UP Fintech is listed on NASDAQ (TIGR), meaning it is subject to US SEC reporting requirements and independent audits. That level of public scrutiny is a meaningful credibility signal.
One thing to keep in mind: as a custodian model broker (not a CDP-linked broker), your SGX shares are held in Tiger Brokers’ custodian name — not directly in your own CDP account. This is standard for all major digital brokers in Singapore, but it differs from traditional brokers like Phillip Securities where shares sit directly in your CDP account.
Tiger Brokers Fees: What You Actually Pay
Tiger Brokers is one of the lower-cost brokers in Singapore. Here is a full breakdown of fees as at June 2026.
| Market | Commission | Platform Fee | Min. Total Fee |
|---|---|---|---|
| SGX (SG stocks) | 0.03% of trade | 0.03% of trade | S$1.99 |
| US Stocks | US$0.005/share | US$0.005/share | US$0.99 |
| HK Stocks (HKEX) | 0.06% of trade | 0.03% of trade | HK$15 |
| Australian Stocks (ASX) | 0.10% of trade | 0.03% of trade | A$5 |
| US Options | US$0.65/contract | — | US$1.99 |
| Custody Fee | Waived until further notice (SGD 2/quarter otherwise) | ||
Source: Tiger Brokers Singapore official fee schedule, June 2026. Fees subject to change.
For a worked example: buy S$5,000 of a Singapore REIT ETF on SGX. Total fee is about S$3 (0.06% of S$5,000). That is well below Saxo’s S$5 minimum and far below traditional brokers.
FX note: Tiger Brokers charges a ~0.25% FX spread when converting SGD to USD. On a S$100,000 US stock portfolio, that is roughly S$250 in FX conversion costs. IBKR offers near-interbank FX rates (~0.002%), making it significantly more cost-efficient for larger portfolios. For amounts under S$50,000, Tiger’s FX spread is unlikely to be a dealbreaker.
Tiger Trade Platform: Features & Usability
Tiger Brokers’ mobile app is called Tiger Trade. It is clean, fast, and genuinely well-designed for retail investors. Here is what stands out.
Community feed: Tiger Trade includes a social investing feed where users share trades and commentary — think Reddit meets brokerage. It is useful for market sentiment, but treat it as entertainment rather than financial advice.
Paper trading: Tiger Brokers offers a built-in paper trading (virtual money) mode. This is excellent for beginners who want to practise before committing real capital.
IPO access: Tiger Brokers is one of the few retail brokers in Singapore offering direct access to US and HK IPOs through the app — a significant differentiator for IPO investors.
Options trading: The platform has a full options chain view with built-in risk/reward visualisation tools. Among the more accessible options platforms for Singapore retail investors.
CPF and SRS integration: Since 2025, Tiger Brokers’ Cash Boost account lets you use CPF-OA and SRS funds for eligible SGX-listed investments — all from one platform. Our CPF investment strategy Singapore guide explains what qualifies and how to optimise your allocation alongside this.
Watchlists and price alerts: Real-time Level 1 quotes for SGX and US markets. Level 2 order book data is available for a fee.
The desktop web interface is less polished than the mobile app. If you prefer multi-window desktop trading with full order book depth, IBKR’s Trader Workstation is more powerful — though it has a steeper learning curve.
How to Open a Tiger Brokers Account in Singapore
Opening a Tiger Brokers account is entirely digital. Here is what the process looks like step by step.
Step 1 — Download Tiger Trade: Get the app from the App Store or Google Play, or sign up at itiger.com/sg.
Step 2 — Provide identification: Singapore citizens and PRs can use Singpass MyInfo for automated verification. Foreigners submit a passport plus proof of address. Most people complete this in under 10 minutes.
Step 3 — Suitability assessment: As required by MAS, Tiger Brokers asks about your investment experience and risk appetite. This determines which products you can access — options trading, for example, requires a higher risk rating.
Step 4 — Account approval: Accounts are approved within 1–3 business days. You will receive an email confirmation when your account is active.
Step 5 — Fund your account: Deposit via PayNow, bank transfer (FAST), or wire transfer. There is no minimum deposit to activate the account.
Not sure how much to invest or when to start? Use our Singapore retirement calculator to work backwards from your retirement goal and set a concrete monthly investment target.
Tiger Brokers vs moomoo vs IBKR vs Saxo
How does Tiger Brokers compare to the other low-cost digital brokers popular with Singapore investors? Here is an honest, data-driven breakdown.
| Feature | Tiger Brokers | moomoo SG | IBKR Lite | Saxo Markets |
|---|---|---|---|---|
| SGX Min. Commission | S$1.99 | S$0.99 | S$3.00 | S$5.00 |
| US Stocks Min. Fee | US$0.99 | US$0.99 | US$1.00 | US$3.00 |
| HK / AU / China Stocks | ✓ All three | HK only | ✓ Yes | ✓ Yes |
| CPF / SRS Investing | ✓ Yes (Cash Boost) | ✗ No | ✗ No | SRS only |
| IPO Access | ✓ US + HK IPOs | ✓ Yes | ✗ No | ✗ No |
| FX Spread | ~0.25% | ~0.15% | ~0.002% | ~0.30% |
| Paper Trading | ✓ Yes | ✓ Yes | ✗ No | ✗ No |
| Best For | Active traders, multi-market, CPF/SRS | Beginners, US + SGX focus | Large portfolios, FX efficiency | Professional traders |
Source: Official fee schedules, Tiger Brokers, moomoo SG, IBKR, Saxo Markets — June 2026
For pure SGX trading on a budget, moomoo’s S$0.99 minimum edges out Tiger’s S$1.99. Tiger has the edge on market breadth — particularly Australia and China A-shares — and is the only major digital broker in Singapore offering CPF-OA integration alongside regular cash brokerage. IBKR remains the winner for large portfolios where FX efficiency is critical.
If you are weighing a robo-advisor against a self-directed brokerage, our guide on passive income Singapore 2026 compares both approaches side by side. You can also use a Syfe referral code or Endowus referral code if you prefer the fully managed route.
Who Should Use Tiger Brokers?
Tiger Brokers is a strong fit if you:
- Want to trade US, Hong Kong, and Australian stocks from one platform
- Want CPF-OA or SRS investing alongside your regular brokerage account
- Are interested in options trading or participating in US and HK IPOs
- Are new to investing and want a paper trading mode to build confidence first
- Are an active trader who values competitive fees and a clean, mobile-first interface
Consider alternatives if you:
- Primarily trade SGX stocks — moomoo’s S$0.99 minimum is cheaper for local trades
- Run a large portfolio (S$100k+) and want the tightest FX spreads — IBKR wins on FX cost
- Prefer CDP-linked ownership for SGX stocks — traditional brokers like Phillip POEMS hold shares directly in your CDP account
- Want fully managed passive investing — a robo-advisor handles rebalancing for you
Also worth comparing: our moomoo Singapore review 2026 for a direct head-to-head on the digital brokerage side, and our CPF investment strategy guide if you are planning to invest CPF funds through Tiger or any other platform.
Not financial advice. Always assess fees, risks, and your own investment objectives before opening any brokerage account.
Frequently Asked Questions
Is Tiger Brokers safe for Singapore investors?
Yes. Tiger Brokers (Singapore) Pte Ltd holds a Capital Markets Services licence from MAS. Your cash is held in segregated DBS bank accounts, separate from Tiger Brokers’ own funds. The parent company UP Fintech is listed on NASDAQ and backed by Xiaomi and Interactive Brokers. While no investment account is entirely risk-free, the regulatory framework and custodial structure make Tiger Brokers a safe platform for most Singapore investors.
What are Tiger Brokers' fees for Singapore stocks?
For SGX stocks, Tiger Brokers charges a total of 0.06% per trade (0.03% commission + 0.03% platform fee), with a minimum of S$1.99 per trade. There is currently no custody fee — Tiger Brokers has waived the quarterly S$2 custody fee until further notice. moomoo SG has a slightly lower minimum at S$0.99, but Tiger remains competitive for mid-to-large size trades.
Can I use Tiger Brokers with my CPF or SRS funds?
Yes, as of 2025. Tiger Brokers’ Cash Boost account allows CPF-OA and SRS investing in eligible SGX-listed, Singapore-dollar denominated stocks and ETFs. Not all SGX-listed securities qualify — you need to check the CPFIS-approved list within the Tiger Trade app. Note that most foreign-listed ETFs like CSPX or VWRA are not CPFIS-eligible.
How does Tiger Brokers compare to moomoo Singapore?
Both are low-cost digital brokers popular with Singapore retail investors. moomoo SG has a lower SGX minimum (S$0.99 vs Tiger’s S$1.99) and often runs first-year zero-commission promotions. Tiger Brokers has the edge in market breadth — it supports ASX and China A-shares that moomoo SG does not — and is the only major digital broker offering CPF-OA integration alongside cash brokerage. For pure US or SGX investing on a tight budget, moomoo is marginally cheaper. For multi-market access and CPF/SRS in one app, Tiger wins.
Does Tiger Brokers have a minimum deposit?
No. Tiger Brokers has no minimum deposit requirement to open or maintain an account. Depositing at least S$1 typically qualifies you for welcome promotions that Tiger Brokers periodically offers for new users. Once funded, you can trade with any amount.
What are the main risks of using Tiger Brokers?
Key risks to consider: (1) Custodian risk — SGX shares are held in Tiger Brokers’ custodian name, not your CDP account, so if Tiger Brokers fails there is an additional recovery process versus CDP-linked brokers; (2) FX risk — Tiger’s ~0.25% FX spread is higher than IBKR’s near-interbank rate, which matters for large USD positions; (3) Market risk — as with any investment, stock values can fall. The MAS licence, DBS custodianship, and fund segregation substantially mitigate operational risk, but investment losses are always possible.
Is Tiger Brokers good for beginners?
Yes, Tiger Brokers is beginner-friendly. The Tiger Trade app has a clean interface, built-in paper trading mode (virtual money to practise without real risk), and a social feed to follow other investors. There is no minimum deposit, so you can start small. That said, beginners who prefer fully managed investing may be better served by a robo-advisor like Syfe or Endowus, which handle all the stock selection and rebalancing for you.
Ready to Start Investing?
Compare your options and open a brokerage or robo-advisor account today. Use our referral links for exclusive sign-up bonuses.
