Tiger Brokers Review Overview
Tiger Brokers is an online brokerage founded in 2014 in Beijing by Wu Tianhua, now headquartered in Singapore and operated by its Nasdaq-listed parent, UP Fintech Holding Limited (NASDAQ: TIGR). Tiger Brokers Singapore holds a Capital Markets Services license from the Monetary Authority of Singapore (license CMS100061-1), with additional regulation from Australia’s ASIC and the US SEC/FINRA, plus SIPC and NFA membership.
This review draws on Tiger Brokers’ own official pages, regulatory filings, and independent news sources rather than an affiliate relationship, so no account-opening links are included here.
| Specification | Detail |
|---|---|
| Founded | 2014 (Beijing); now headquartered in Singapore |
| Parent Company | UP Fintech Holding Limited (Nasdaq: TIGR) |
| Regulation | MAS (Singapore), ASIC (Australia), SEC/FINRA (US), SIPC, NFA |
| Minimum Deposit | $0 |
| Client Funds | Segregated accounts at DBS Bank (Singapore entity) |
A Significant Regulatory Finding in China
On May 22, 2026, China’s Securities Regulatory Commission (CSRC) announced the results of a long-running investigation into UP Fintech (Tiger Brokers), finding that the company had conducted unlicensed cross-border securities business and illegal fund/futures activities targeting mainland Chinese clients. The CSRC fined UP Fintech RMB 308.1 million (roughly $45 million) and confiscated an additional RMB 103.1 million in illicit gains, while CEO Wu Tianhua personally received a warning and a RMB 1.25 million fine. Tiger Brokers’ share price fell more than 50% year-to-date in 2026 following the announcement. This finding relates specifically to unlicensed access to mainland China — a jurisdiction where Tiger Brokers was not authorized to solicit clients — and is separate from its regulated operations in Singapore, the US, and Australia, though it’s a serious enough finding that prospective clients should weigh it carefully regardless of which market they’d be using the broker from.
A Note on a 2025 Data Breach
Separately, on July 10, 2025, Tiger Brokers identified a cybersecurity breach in its virtual back-office environment, in which an unauthorized third party encrypted certain files and copied data over a two-day period. Readers concerned about data security should independently verify what remediation steps Tiger Brokers has since taken and what, if any, client data was affected.
Trading Platform and Instruments
Tiger Brokers’ primary interface is the Tiger Trade app, a mobile-first platform particularly popular among active investors in the Asia-Pacific region. The platform covers stocks, options, ETFs, REITs, mutual funds, and futures across US, Singapore, Hong Kong, and Australian markets, with professional investors additionally able to access virtual assets including Bitcoin and Ethereum, alongside US Treasury bonds and other global assets.
Fee Structure
Tiger Brokers charges no platform fee for 1,500+ funds, and offers commission-free trading on US, China A-shares, Hong Kong, and Singapore stocks (plus ETFs and REITs) for the first 365 days for new clients, though a platform fee still applies during this period. Standard fees include a 0.03% commission (minimum S$0.99) plus a 0.03% platform fee (minimum S$1) on Singapore stocks, and $0.95 per contract (minimum $2.99 per order) on US options.
Pros and Cons
| Pros | Cons |
|---|---|
| No minimum deposit, genuine multi-jurisdiction regulation (MAS, ASIC, SEC/FINRA) | Major May 2026 CSRC fine ($45M) for unlicensed cross-border business in mainland China |
| Popular, mobile-first Tiger Trade app well-suited to active APAC investors | Share price fell more than 50% in 2026 following the CSRC announcement |
| Broad instrument access across US, Singapore, Hong Kong, and Australian markets | A 2025 data breach in its virtual back-office environment |
| 365-day commission-free period for new clients on major markets | Virtual asset (crypto) access is limited to professional investors |
Is Tiger Brokers a Good Broker?
Tiger Brokers remains a genuinely regulated, Nasdaq-listed broker in its core operating markets (Singapore, US, Australia), with a popular mobile platform and no minimum deposit. However, the May 2026 CSRC finding of unlicensed cross-border business in mainland China — a serious enough issue to fine the company $45 million and its CEO personally — combined with a 2025 data breach and a sharp stock-price decline, means prospective clients should weigh this recent history carefully rather than relying solely on Tiger Brokers’ legitimate regulatory status in its home markets.
FAQ
- Is Tiger Brokers regulated?
- Yes, in its core markets — by Singapore’s MAS, Australia’s ASIC, and the US SEC/FINRA (plus SIPC and NFA).
- Has Tiger Brokers faced any regulatory penalties?
- Yes. In May 2026, China’s CSRC fined parent company UP Fintech approximately $45 million for unlicensed cross-border securities business targeting mainland China, and personally fined CEO Wu Tianhua.
- What is Tiger Brokers’ minimum deposit?
- $0, according to Tiger Brokers’ own materials.
- Can I trade crypto on Tiger Brokers?
- Virtual asset trading (Bitcoin, Ethereum) is available, but limited to professional investors.
- Has Tiger Brokers had any data security incidents?
- Yes, a data breach in its virtual back-office environment was identified in July 2025.
