Tiger brokers. The good, the bad. Would like to hear your experience?

Advantages :

• fast approval
• fast deposit & withdrawal
• beginner friendly
• great promos (free stocks vouchers + commission-free trades)
• can trade pre & post market
• live data

Disadvantages :

• no inactivity fee
• USD1.99 per trade

So far so good, I'm still using it!

Disclaimer: I've not used Tiger for quite a while already, but all my friends are on Tiger so I guess I've got that going for me...and I guess I'm slightly biased because I'm invested in TIGR, nah I'm just kidding hahaha this is an OBJECTIVE view only :-)

Good:

1. Good comms (USD1.99 per trade min)

2. Can trade pre/post

3. Free live data (not sure if it's still around)

4. Great promos for new users (to compete with Moomoo ofc)

5. Super fast account approval

6. Interface is quite nice

7. No platform fees

Not so good:

1. The backend is questionable at times: During the GME saga, when buy orders were banned on many brokers, Tiger Brokers did it too, but accidentally applied it to Sell orders on GME too. This resulted in losses for some Tiger users

2. No desktop app I believe (I like to trade on desktop haha, might not be a concern for you)

3. Limited Market access: Might not be a problem for you if you don't need other markets

4. Some people don't trust Tiger Brokers because they're China-based: This may or may not be a concern for you.

Personally, I'm using IBKR (Interactive Brokers). It's definitely superior to Tiger in terms of commissions, market access and FX spread. However, since IBKR is geared for traders, they charge an inactivity charge (USD 10/month) which is generally very off-putting for many and understandably so hahah.​​​