Singapore, 26 February 2020 – Tiger Trade, a one-stop mobile trading application by Tiger Brokers has launched in Singapore. The mobile trading application offers low commission rates and trading sum for investing in U.S. and Hong Kong securities, futures and options. Launched in 2014, Tiger Brokers has over 600,000 customer accounts (as of 30 September 2019) worldwide, in countries such as Hong Kong and New Zealand, with almost US$26.8 billion (S$37.5 billion) in trading volume over the period of July to September 2019.
Based on the 2018 Singapore Asset Management Survey, equities are taking the top investment by asset class, with alternative investment strategies seen as a core holding in investors’ investment portfolios for risk diversification. Also, GSMA’s Mobile Economy 2019 report, Asia-Pacific, reported that Singapore has 8.37 million mobile connections, of which, 144 per cent of the population is connected on mobile. This makes Singapore one of the leading countries for mobile internet usage.
Targeting the mobile-savvy younger generation of retail investors, Tiger Trade offers one of the lowest commission rates for as low as US$0.99 (S$1.39), excluding brokerage and exchange fees. This lowers the barrier of entry to help investors better diversify their portfolio, balancing their investment risk and reward.
Mr Wu Tianhua, CEO of Tiger Brokers shared, “Tiger Brokers is very excited with the launch of the Tiger Trade mobile application in Singapore. With Tiger Brokers’ rich broker-dealer experience and Tiger Trade’s dynamic mobile application, our investors will be able to make more informed decisions and better manage their investment portfolio anywhere, anytime.”
“We take pride in our proprietary technology. Tiger Trade’s efficient and robust interface creates a user-friendly and seamless experience for our users from account opening to trading right at the fingertips,” added Mr Wu.
Tiger Trade robust interface provides an unparalleled experience for users with complimentary real-time stock quotes, dedicated multilingual customer service during trading hours, and 24/7 finance news updates. The application also includes artificial intelligence-driven data screeners, and easy-to-analyse trading charts.
Tiger Trade provides access to the New York Stock Exchange (NYSE), the world’s biggest stock exchange with a market cap of US$23.3 trillion (S$32.28 trillion) and NASDAQ, which has a market cap of US$13 trillion (S$18.09 trillion). The app also provides access to the Hong Kong Stock Exchange, the third-largest Asian stock market with a market cap of US$4.9 trillion (S$6.81 trillion), with plans to enter the Singapore Exchange in the next quarter.
Leading the Tiger Trade mobile application launch in Singapore is Mr Eng Thiam Choon, CEO of Tiger Brokers (Singapore), who has over 14 years of experience in the financial sector with a focus on corporate B2B business in the futures industry. He said, “As Singapore positions itself to be the fintech hub in Asia and beyond, Tiger Brokers could be the solution to address Singaporeans’ appetite for investment, helping them to diversify their portfolio into international markets at competitive cost rates.”
“Having the platform in the form of a mobile application aligns with the mobile-savviness of our users. Coupled with a high per capita income and Singapore’s excellent telecommunications infrastructure, it is an opportune time for Tiger Brokers to enter the Singapore market,” added Mr Eng.
Tiger Brokers (Singapore) is offering new users a chance to win free stocks valued between S$2.50 to S$1,000 by opening a trading account, from now till 31st March 2020.
The Tiger Trade mobile application is available for download on Apple App store and Google Play store.