Updated May 2022
Hello!
Here are some comparisons:
Tiger Brokers
- Transaction fee - US stocks: commission fee (US$0.005/share, min. US$0.99/order, max. 0.5% of trade value) + platform fee (US$0.005/share, min. US$1/order, max. 0.5% of trade value) SG stocks: commission fee (0.03% of trade value, min. S$0.99/order) + platform fee (0.03% of trade value, min. S$1/order)
- Products - Stocks, ETFs, REITs, Fund Mall, Futures, Options, Warrants, CBBCs
Moomoo
- Transaction fee - US stocks: commission fee (US$0.0049/share, min. US$0.99) + platform fee (US$0.005/share, min. US$1) SG stocks: commission fee (0.03% of trade value, min. S$0.99/order) + platform fee (0.03% of trade value, min. S$1.50/order)
- Products - Stocks, ETFs, Options, Warrants, CBBCs, Futures, Funds
However, I think there are more similarities than differences.
Hence, I would suggest getting BOTH Moomoo or Tiger for the following reasons:
Both Moomoo and Tiger Brokers are regulated by MAS
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!
Moomoo ($40 cash coupon + potentially Tesla Share: up to $1300 with $2700 deposit)
Tiger (1 Free Grab Share + $5 cash coupon + potentially Tesla Share: up to $1270 with $2000 deposit)
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!
With the Student promotion for Moomoo, you only need to deposit $1000 instead of $2700 to get your $240 reward!
In addition to Tiger Brokers and Moomoo, you can also consider Saxo!
Saxo has an offer as well to get $100 for a deposit of $3000, which you can check out here: https://bit.ly/HFTsaxo
A few minutes of work will give you a return of 3.3% of your deposit. Looking at the low-interest rates now, this is certainly a good deal!
Updated May 2022
Hello!
Here are some comparisons:
Tiger Brokers
Moomoo
However, I think there are more similarities than differences.
Hence, I would suggest getting BOTH Moomoo or Tiger for the following reasons:
Both Moomoo and Tiger Brokers are regulated by MAS
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!
Moomoo ($40 cash coupon + potentially Tesla Share: up to $1300 with $2700 deposit)
Tiger (1 Free Grab Share + $5 cash coupon + potentially Tesla Share: up to $1270 with $2000 deposit)
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!
With the Student promotion for Moomoo, you only need to deposit $1000 instead of $2700 to get your $240 reward!
In addition to Tiger Brokers and Moomoo, you can also consider Saxo!
Saxo has an offer as well to get $100 for a deposit of $3000, which you can check out here: https://bit.ly/HFTsaxo
A few minutes of work will give you a return of 3.3% of your deposit. Looking at the low-interest rates now, this is certainly a good deal!