Are Tiger brokers safe to invest with or better to go with SCB? - Seedly
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Anonymous

Asked on 17 Jul 2020

Are Tiger brokers safe to invest with or better to go with SCB?

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Kevin
Kevin
Level 4. Prodigy
Answered on 18 Jul 2020

I would invest with SCB simply because Tiger Brokers is new and they do not have substantial track record yet.

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B
Bernard
Level 3. Wonderkid
Answered on 29 Aug 2020

I use Tiger as my main broker.

1) It has lower rates (0.08/ minimum $2 USD commission) as compared to other brokers who charge $10/$20 minimum rates.

2) The interface is much better as well. They have been constantly updating their application to provide more functions i.e. news, company analysis, stock suggestions. I used to use other applications such as Webull, simplywallstreet, Motleyfool etc. to do these but now I only use Tiger. It's really all in one tbh.

3) It's licensed by the MAS and custodian account is under DBS, so no worries about losing your stocks. Compared to TD Ameritrade, the application process is way faster and less tedious. I waited for months for my TD Ameritrade account to be created and it never came.

4) Access to several markets: US, SG, LON, HK and CN

Overall, Tiger has been a great experience for me, good customer service as well.

You can use my invitation code: RZUVEB to get up to 100SGD worth of stock vouchers and free stocks.​​​

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P
Pat07
Level 3. Wonderkid
Answered on 17 Aug 2020

So far so good with my experience with Tiger broker. I have been using it for more than 3 months. Interface is user friendly. Cheap rates are really helpful.

https://www.tigerbrokers.com.sg/market/sg-invitflow?feature=Banner&Page=Me&platform=android&lang=en_US&skin=1&edition=fundamental&isInvitee=true&invite=45XL9D

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jw
jw
Level 5. Genius
Answered on 18 Jul 2020

Tiger broker is new in Singapore and nobody will know whether it is very safe. At the end of the day, it’s up to your comfort level.

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