facebookWhen I attempt to make a Buy Order for S&P500 ETF on Tiger Brokers, it always says "This order will generate a loan of X,XXXUSD, daily interest not exceeding 0.018%..." Why? - Seedly

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Anonymous

11 Jun 2021

General Investing

When I attempt to make a Buy Order for S&P500 ETF on Tiger Brokers, it always says "This order will generate a loan of X,XXXUSD, daily interest not exceeding 0.018%..." Why?

I have sufficient funds in my account so I'm not sure why there will be a "Loan" generated.

Discussion (5)

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I have converted $800 sgd to usd. B

However when I tried to purchase a stock worth $200usd, it still says It will generate a loan of $200usd.

Yes i am currently facing the same issue.

i have sufficient USD in my account but it keeps saying it will generate a loan

Musyaffaq

23 Dec 2020

Business Studies Graduate at Ngee Ann Poly

Maybe you did what I did. I had USD in DBS bank acc. Transferred to tiger acc, but accidentally tran...

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