Tiger Brokers may still be relatively new to the Australian market but it has already made some big waves in the local trading space.
At the recent Finder Awards for share trading Tiger came in as highly commended for the active traders category and achieved one of the highest scores for the best overall share trading platform of 2023 award.
As Australia's one-stop-shop for financial comparisons, Finder recognises excellence across a range of industries, including investment platforms. This year, Finder analysed 39 trading platforms and assessed over 115 different features to find the best platforms for Australian investors.
Features analysed in the awards include brokerage fees, user ratings, trading tools, available markets and quality of research tools.
In this year's award ceremony, Tiger Brokers proved its mettle thanks to its low fees for stocks and options, intuitive app design and high quality trading tools.
Seamless trading experience
One of Tiger’s best qualities is its highly intuitive and user-friendly interface. While the platform has an impressive array of tools to suit advanced traders, it’s easy enough to navigate that beginners won’t have a problem starting out.
The free real-time market data and rapid order execution make it an excellent option for day traders, who often have to make split-second decisions. Importantly, Tiger offers level 2 market data, meaning traders can see bid and ask prices via their order book, a feature many budget brokers in Australia don’t offer.
We were especially impressed with Tiger’s range of technical and fundamental analysis tools that can be customised to suit individual trading strategies.
Fundamentals include detailed company financials, shareholder statistics, dividend payout details and valuations. And on the technical side, Tiger offers dozens of technical indicators and charts, perfect for active stock or options traders that want to fine tune their strategies.
Paired with its low costs, this offering certainly gives Tiger an edge over competitors. Advanced features like these usually come with a hefty price tag in the form of higher brokerage fees, and it’s great to see Tiger break the mould here.
High quality all-round platform
Tiger was not only recognised for its attributes in the active trader category, but also as one of the highest scorers in the best overall platform category, coming in 5th place for best overall broker in Australia.
It’s clear that Tiger’s access to global markets (US and Hong Kong stocks), its low fees and its range of useful tools make it a great pick for most types of investors.
In addition to its active trader tools, Tiger has an array of useful features that will appeal to new or casual investors.
For instance, investors have the option to trade from as little as $1 into US fractional shares, rather than the standard $500 minimum many other brokers in Australia require.
This coupled with its auto-invest feature make Tiger a great pick for investors that prefer to use a dollar-cost averaging strategy over the long-term as opposed to actively trading.
Additionally, the platform provides a wealth of educational resources catering to traders of all levels. With webinars, tutorials, and in-depth articles, Tiger fosters an environment of continuous learning, which is essential in the ever-evolving world of trading.
The demo account option also adds to Tiger’s repertoire here, allowing investors to practice their trading strategies before committing to the real deal.
Tiger Brokers’ accolade as a highly commended platform for active traders at the Finder Awards is well-deserved. With its user-friendly interface, global market access, cutting-edge analytical tools, low-cost structure and learning features, Tiger Brokers proves to be a strong contender in the Australian trading landscape.
About the author:
Kylie Purcell is the senior investments editor at Finder. She covers all areas of investing and specialises in financial products including online trading platforms, robo advisors, stocks and ETFs. She has written about and produced financial content for 10 years having previously worked at Sky Business (Your Money), TVNZ and The Advisor magazine.
