Should a fresh grad investor use Moomoo or Tiger Brokers?

Updated May 2022

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I would suggest getting BOTH Moomoo or Tiger for the following reasons:

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Both Moomoo and Tiger Brokers are regulated by MAS

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Both Moomoo and Tiger Brokers do not charge monthly custodian fees

Hence, there’s no worry about being charged additional fees on your capital.

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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.

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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!

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Moomoo ($40 cash coupon + potentially Tesla Share: up to $1300 with $2700 deposit)

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Tiger (1 Free Grab Share + $5 cash coupon + potentially Tesla Share: up to $1270 with $2000 deposit)

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(Update: With the Student promotion for Moomoo, you only need to deposit $1000 instead of $2700 to get your $240 reward!)

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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!

You can consider both moomoo or tiger

Their User interface are amazing

Trading fees are lowest in Singapore but Tiger is more transparent

Moomoo have alot of hidden fees. Sometimes they charge you for trade cancellation.

$0 commission is a marketing gimmick

Customer services, moomoo is slightly more difficult to deal with.

Expect longer waiting time for both companies.

To be fair, this is probably due to their influx of new accounts.

They giving out crazy promotion

If i am you, i will sign up for both right now and take advantage of their freebies