Welcome to our review of Tiger Brokers Australia for 2024. In this post, we will cover everything you need to know about Tiger Brokers, including fees, safety, legitimacy, and how to get started with your investing and trading journey.
What is Tiger Brokers Australia?
Tiger Brokers is a prominent online trading platform that began offering its services to Australian investors in 2022. Regulated by the Australian Securities and Investments Commission (ASIC), Tiger Brokers (AU) Pty Limited is a subsidiary of UP-FinTech Holdings Limited, which is listed on NASDAQ (NASDAQ: TIGR). Since its launch in 2014, Tiger Brokers has established a global presence, including offices in Australia, New Zealand, Singapore, the USA, and Hong Kong. The platform was recognized as the Best Casual ASX Trader in 2022 by Mozo and boasts over 9 million registered users worldwide.
Tiger Brokers offers user-friendly desktop and mobile trading platforms, making it easy for new investors to start trading in just a few minutes.
Key Features of Tiger Brokers
- Attractive Sign-Up Bonuses: New users can take advantage of various bonuses, such as commission-free trades, access to in-depth market data, and stock vouchers.
- Proprietary Trading Platforms: Tiger Brokers provides both mobile and desktop trading platforms equipped with advanced tools, indicators, and currency converters.
- Global Market Access: Users can trade on multiple global markets, including US, ASX, and HK stocks, as well as ETFs and US options.
- Enhanced Security: The platform offers two-factor authentication to ensure secure trading.
- Demo Account: New users can practice their trading strategies with a demo account that includes $100,000 in virtual funds.
- Community Engagement: Tiger Brokers fosters an online community where traders and investors share insights and strategies.
Tradable Markets and Assets
Tiger Brokers allows trading in a variety of markets, including:
- New York Stock Exchange (NYSE): ETFs, options, and shares
- Nasdaq (NASDAQ): ETFs, options, and shares
- American Stock Exchange (AMEX): ETFs, options, and shares
- Australian Securities Exchange (ASX): ETFs and shares
- Hong Kong Exchange (HKEX): ETFs and shares
- US Pink Sheet (OTC): Shares
How to Sign Up for Tiger Brokers
To create an account with Tiger Brokers, follow these steps:
- Click on the “Open Account” link.
- Choose to register using your email address or phone number.
- Enter your nationality, country of birth, country of residence, and tax residency.
- Provide personal details, including your name, date of birth, address, and contact information.
- Upload proof of identity (such as a driver’s license or passport) and proof of your residential address.
Typically, the account will be opened within three hours, although processing times may vary.
Funding Your Tiger Brokers Account
Funding your Tiger Brokers account is straightforward, with options including POLI, PAY ID, and bank transfers in AUD, USD, and HKD. Notably, there is no minimum deposit required, and funds are deposited instantly, allowing for quick access to your trading capital. While Tiger Brokers does not charge for deposits, users should check with their banks regarding any transfer fees.
Is Tiger Brokers Safe?
Yes, Tiger Brokers is considered safe. It operates under the regulatory oversight of ASIC and holds an Australian Business Number (ABN 12 007 268 386) and an Australian Financial Services License (300767). This regulatory framework ensures that users are protected while trading.
Why Choose Tiger Brokers?
- Easy Account Setup: Quick and simple sign-up process.
- US Options Trading: Access to a variety of trading options.
- Zero Minimum Deposit: No barriers to starting your trading journey.
- User-Friendly Platforms: Intuitive app and desktop interface.
- Competitive Fees: Low brokerage fees across trades.
- Real-Time Data: Access to timely market information.
- Advanced Trading Tools: High-quality tools to enhance trading strategies.
Frequently Asked Questions
Is Tiger Brokers available in Australia?
Yes, Tiger Brokers has been providing services in Australia since March 2022, allowing trading in ASX, US, and Hong Kong stocks, US options, and ETFs at competitive rates.
Can Tiger Brokers be trusted?
Absolutely, as it is regulated by ASIC, ensuring a secure trading environment.
Why are Tiger Brokers’ fees so low?
Their mission is to democratize investing, making it accessible and affordable for all Australians.
Can I buy Bitcoin on Tiger Brokers?
Currently, Tiger Brokers does not offer cryptocurrency trading, but plans to introduce this service in the future.
Do I receive dividends with Tiger Brokers?
Yes, dividends are automatically credited to your account if you hold the stock before the ex-dividend date.
Conclusion
This review provides a detailed overview of Tiger Brokers Australia, highlighting its history, features, fees, safety, and the sign-up process. If you’re considering starting your investment journey, now is a great time to sign up for Tiger Brokers and enjoy 90 days of zero brokerage on US and ASX trades, along with free market data and a $50 stock voucher. Start your trading journey today!