facebookWhat’s your take on Tiger Brokers and/or Moomoo? Do you think that these new platforms will last especially with the heavy competition in the market? - Seedly

Anonymous

23 Jun 2021

General Investing

What’s your take on Tiger Brokers and/or Moomoo? Do you think that these new platforms will last especially with the heavy competition in the market?

I have both apps and I quite like the bull compared to the tiger but I am still half-hearted about investing a lot of hard-earned monies in the platform. Their fees are really competitive especially for newbies & small-time investors like me.

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With the new wave of young investors becoming attracted to the bonuses such as free shares, stock vouchers that these 2 brokerages dangle infront of customers, I believe that these companies will last.

Reason being that the UI is intuitive and easy to use for a first time investor, they offer multiple rewards in the app, and the idea of low fees appeals a lot to young investors, which is the main demographic these brokerages are gunning for.

Many of my friends has started their investing journey with Tiger/Moomoo just because they see so much advertising for it, and they will probably stick with them for the long term which will drive revenue for these 2 companies.​​​

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Tan Choong Hwee

23 Jun 2021

Solutions Specialist at Providend

Depends on whether they can keep a step ahead of the pack. In any case, if there are better platforms in the future, just switch your money to those platforms. Meanwhile enjoy the low fees while you are at it.

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