[DO NOT OFFER REFERRALS] Tiger Broker Singapore

[MichealScott]

Just created an account but will not use them yet until some fees and commissions are confirmed like withdrawal and all..Lets see how it goes.

 

[TSS888]

Sgd? Using fast transfer?

Posted from PCWX using Nokia 3310

Yea, I just asked them on facebook and they said this:

We don't charge. However, for withdrawal, the bank will charge 5 SGD per transaction.

 

[Pesantkie]

That's ought as I transferred to DBS and deducted $5.

I rmb about one month ago, one person was also charged $5 to withdraw to DBS.

Now another OP states that withdrawal to DBS is in full amount and not $5 less, not sure alr.

Posted from PCWX using ONEPLUS A6000

 

[xersion]

https://www.financialmtc.com/2020/06/10/tiger-brokers-launches-sgx-trading/

A simple write up on tiger for sgx shares

Posted from PCWX using iPhone12,1

 

[Converged]

Just to check no custodian fees right

Posted from PCWX using Nokia 3310

 

[xersion]

im using scb pb trading.

isit worth to trade with tiger?

Stick to scb

Posted from PCWX using iPhone12,1

 

[tweeety]

Stick to scb

Posted from PCWX using iPhone12,1

how come leh?

any advices?

 

[findinglaserprinter]

Where did u see the last point? Could you please SIC link?

It was in their previous promo T&C which is no longer available.

So far I see no one complaining so perhaps they are not enforcing it

 

[findinglaserprinter]

im using scb pb trading.

isit worth to trade with tiger?

For SCB your stocks will contribute to Priority AUM, if that matters to you.

Tiger is definitely lower cost than SCB

 

[findinglaserprinter]

sorry if this was answered already...

- noticed Tiger isn't a SGX trading member, means they trading through another SG broker?
- custody of SGX stocks is held with Tiger and not linked to clients CDP accounts?

I believe Tiger is using IBKR as their clearing agent. IBKR themselves offer SGX trading but SG residents cannot use because they are not incorporated locally (yet).

Stocks are held in custodian. Similar to FSMOne

 

[5408854088]

Q: What is the transfer-out fee for securities?
A: USD100 per share for transferring out U.S. stocks. HKD500 for transferring out H.K. stocks.

so for singapore stocks will be free? wonder how is the process like

 

[LaNeo007]

I have been using the tiger broker for two weeks now. It seems efficient so far, especially the real time quotes. User interface is very friendly as well. If anyone needs a referral code, please do message me.

 

[Converged]

I believe Tiger is using IBKR as their clearing agent. IBKR themselves offer SGX trading but SG residents cannot use because they are not incorporated locally (yet).

Stocks are held in custodian. Similar to FSMOne

No custodian fees?

Posted from PCWX using Nokia 3310

 

[wanmopeh]

Suddenly everyone want to share referral code.

Pls stop spamming, want share pls go seedly. seedly.sg/questions/anyone-has-a-tiger-brokers-referral-code

here can find many many many referral code, can advertise your own as well

 

[findinglaserprinter]

No custodian fees?

Posted from PCWX using Nokia 3310

Nope

10char

 

[Converged]

Suddenly everyone want to share referral code.

Pls stop spamming, want share pls go seedly. seedly.sg/questions/anyone-has-a-tiger-brokers-referral-code

here can find many many many referral code, can advertise your own as well

U created a new acc just to promote tiger broker?

Posted from PCWX using Nokia 3310

 

[wutawa]

Q: What is the transfer-out fee for securities?
A: USD100 per share for transferring out U.S. stocks. HKD500 for transferring out H.K. stocks.

so for singapore stocks will be free? wonder how is the process like

Usd100 per share for transferring out?! I tink there may be a translation error. But even usd100 per stock is expensive.

 

[findinglaserprinter]

Usd100 per share for transferring out?! I tink there may be a translation error. But even usd100 per stock is expensive.

With commission so low, I think it would be better to just buy/sell, or keep the stock where it is.

Even SCB is unable to transfer to IBKR anymore

 

[wutawa]

Hopefully other brokers can revise their comms rate, which is unlikely.

 

[dumbothecute]

Do we have to pay bank transfer fee for transferring money to Australia And New Zealand Bank for tiger?