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Anonymous
Did anyone switch from Tiger Brokers to IBKR?
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Tan Choong Hwee
28 Jul 2021
Solutions Specialist at Providend
We all know the rewards are marketing tools to attract new customers. Sooner or later it would become diminishing returns for Tiger. Why would you expect it to remain for a long time? Enjoy while it lasts.
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Chris
28 Jul 2021
Owner and Writer at Tortoisemoney.com
If you're on the subreddit /r/singaporefi, many people swapped over to IBKR after the post announcin...
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No doubt the rewards help to defray costs and allow us to feel like we have gotten some gains. but don't overlook the real gains which is from your investing itself.
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These rewards are like perks you get in the airline which you choose. Some will give you peanuts others will give your mixed nuts, or both. Some have better service and some dont. Ultimately, what you want is to get to your destination though, so don't forget that.
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I'm confident you are not doing this, but to those who move about just for the rewards, do remember that sometimes if the costs are roughly the same, the familiarity and knowledge of using the platform would trump the rewards, especially if the process of adjusting or the administrative moves result in extra costs or even failed transactions.