Singapore online brokerage Tiger Brokers sees strong retail investor growth in Q4 2020 with 108% increase in new user sign ups
SINGAPORE, Jan 20, 2021 – (ACN Newswire) – Xiaomi-backed online brokerage Tiger Brokers Singapore (Tiger Brokers https://www.tigerbrokers.com.sg/) today announced that they saw 108 per cent growth in the number of new investors in Q4 2020 as compared to Q3 2020, with trading volume increased by 215 per cent also on a quarter on quarter basis. Since February 2020, Tiger Brokers also saw the increase in Gen Z investors on the platform, which made up 30 per cent of Singapore’s customer base.
Tiger Brokers also announced four new strategic partnerships with financial technology provider, Iress, one of the largest and most active online trading communities, TradingView, Global financial market data and infrastructure provider, Refinitiv, and Asia’s leading Financial Group, DBS. These partnerships are aimed at strengthening their online platform, by allowing investors to gain access to best-in-class and up-to-date financial information so that they will be well-informed before making their investing decisions in real time, as well as allowing investors instant fund transfer into the Tiger Trade platform respectively.
In addition, Tiger Brokers also announced the launch of their new product, Fund Mall, a one-stop-shop for investing in global mutual funds that allows investors access to more than 100 renowned funds such as money funds, bond funds and equity funds, based on their requirements – returns, cash liquidity and risk appetite – everything within one portal. This expands the type of investment products available to Tiger Trade users, beyond the six global exchanges that are already available on the platform and other product offerings such as Equities, Exchange-Traded Funds (ETFs), Futures, Stock Options, Warrants, and Callable Bull/Bear Contract (CBBC).
Eng Thiam Choon, CEO of Tiger Brokers Singapore, shared, “The COVID-19 pandemic fundamentally changed the trading and investment landscape today. Investors of today are now fully comfortable with investing online – not just Gen Zs, but throughout the investor market. We at Tiger Brokers want to ensure that we offer a seamless investing experience to our investors while strengthening our offerings to keep them engaged. On the other hand, we are looking to be the go-to online brokerage for traditional investors to explore a hybrid investment portfolio.”
“2020 showed us the importance of going digital. As the adoption of technology in everyday life becomes a norm, we need to ensure that we offer sustainable and reliable technology that value-adds to the new lifestyle of investors, providing them with great user experiences,” added Thiam Choon.
“We are excited to expand our business in Asia by working with Tiger Brokers. Over the past few years we’ve seen significant growth in markets like Singapore and Hong Kong, so partnering with leading trading firms in the region like Tiger is the logical next step for us,” said Pierce Crosby, General Manager of TradingView. “While focused on Singapore today, we think Tiger is a great fit for our various communities in the Asia region as well, and we look forward to further expansion in 2021.”
Since last year, Tiger Brokers’ investors have shown positive interests in companies such as APPLE, TESLA, NIO, companies from the Technology and Electronic Vehicles (EV) sectors.
The fintech also uses both traditional and digital communications methods to ensure that investors can contact them easily via landline and social media, respectively. In December last year, Tiger Brokers announced that they aim to increase their platform users by 50 per cent by Q1 of 2021.
The Tiger Trade mobile application is available for download on Apple App store and Google Play store. Those interested in Fund Mall can retrieve more details from here. https://www.tigerbrokers.com.sg/market/fund-publicity?_casValidated=true
Apple App store: https://apps.apple.com/sg/app/id1023600494
Google Play store: https://play.google.com/store/apps/details?id=com.tigerbrokers.stock
About Tiger Brokers (Singapore) Pte Ltd.
Tiger Brokers Singapore Pte Ltd (Tiger Brokers Singapore) is a brokerage firm operating with a Capital Markets Services (CMS) Licence from the Monetary Authority of Singapore (MAS). Its trading platform, Tiger Trade, offers complimentary real-time stock quotes, dedicated multilingual customer service during trading hours and 24/7 finance news updates. The company launched the mobile version of Tiger Trade in February 2020 – accessible on Google Play Store and the Apple App Store – offering mobile-savvy generation of retail investors similar trading opportunities as their online users, such as Equities, Exchange-Traded Funds (ETFs), Futures, Stock Options, Warrants, and Callable Bull/Bear Contract (CBBC) on their mobile phones. Both online and mobile app allow users to invest across multiple asset classes traded on Australian, U.S., Hong Kong, Singapore and Australia stock markets such as the New York Stock Exchange (NYSE), NASDAQ, Shanghai/Shenzhen-Hong Kong Stock Connect, the Hong Kong Stock Exchange (HKEX) and the Singapore Stock Exchange (SGX), Australian Securities Exchange (ASX).
Tiger Brokers Singapore is the Singapore entity of UP Fintech Holding Limited, known as “Tiger Brokers” in Asia, a leading online brokerage firm focusing on global investors. Founded in 2014, Tiger Brokers became #1 in the U.S. equity trading by volume among trading platforms catered to Global Chinese investors in less than two years. Tiger Brokers was awarded “2017 Fintech 250” by CB Insights and shortlisted for “China Leading Fintech 50” for two years in a row by KPMG China. The company was listed on NASDAQ under “TIGR” in 2019 and has offices in China, United States, Australia, New Zealand and Singapore. Tiger Brokers has over 1 million customers worldwide currently, with a total trading volume of more than US$62.8 billion in Q3 2020. The company is backed by well-known investors such as Xiaomi, as well as investment guru Jim Rogers. For more information, please visit https://www.tigerbrokers.com.sg
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Email: Tiger@preciouscomms.com
This article has not been reviewed by the Monetary Authority of Singapore.
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