Updated May 2022
I would suggest trying out BOTH Moomoo or Tiger for the following reasons:
Both Moomoo and Tiger Brokers do not charge monthly custodian fees
Hence, there’s no worry about being charged additional fees on your capital.
Both Moomoo and Tiger Brokers are offering commission fee waivers during the promotion period
Moomoo is offering 180 days of unlimited commission-free trades, while Tiger Brokers is offering 60 comission-free trades within 180 days. Hence, feel free to continue using the brokerage for the next 6 months without worries.
Both brokerages can be easily funded from DBS/POSB accounts and the withdrawal process is as simple too
Additionally, this is a fruitful month for both brokerages' sign-up offers. In less than a week, you have the chance to obtain more than $2500 purely on the sign up offers, with a deposit of $4700. This represents a higher annual growth rate than the top 500 US companies!
(Update: With the Student promotion for Moomoo, you only need to deposit $1000 instead of $2700 to get your $240 reward!)
I personally see this as a must-get offer as a new investor to have an investing headstart by getting attractive rewards and paying $0 minimum commission for investing in SG, US, and HK equities!
Try them out, get the rewards, then decide after which interface you prefer.
Both are actually quite similar in terms of fees and user interface. Most important is to get started on your investment journey!
Feel free to use the PROMO/REFERRAL CODES below to get sign-on gifts!
1. One FREE APPLE share when you make a first deposit of SGD2000 or more.
2. Stock VOUCHER of up to SGD100
3. 60 COMMISSION-FREE trades for 180 days
4. 500 Tiger coins
1. One FREE APPLE share when you deposit SGD2700 or more within 30 days from account opening.
2. One FREE NIO share when you deposit SGD2700 or more within 30 days from account opening+ unlock Level 1 Trading Badge or complete 5 successful trades.
3. UNLIMITED commission-free trades for 180 days
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STOCK HOLDING TYPE