Tiger Brokers marks 10th anniversary of Tiger Trade

“The integrated investment experience of Tiger Trade, combining market data, news, social education, trading, and wealth management, has become our unique competitive edge, helping us to maintain a high customer retention rate of 98%.”

Tiger Brokers is celebrating its 10th anniversary, marking ten years since the company launched its flagship trading platform, Tiger Trade.

By Q1 2024, Tiger Brokers had over 10 million global users and 2.25 million account holders, and saw customer assets grow 104% year-on-year to an all-time high of US$32.9 billion.

The company went public on Nasdaq in 2019 and expanded internationally, starting with Singapore in 2020. In 2023, client trading volume reached US$294.2 billion. Tiger Brokers is backed by Interactive Brokers, Chinese tech giant Xiaomi, and renowned investor Jim Rogers.

Tiger Brokers operates in SG, HK, US, AUS, NZ

Singapore is the firm’s global headquarters and has provided a compound annual growth rate of 539% in local account openings since Q1 2020. Approximately one in three Singapore residents had tried Tiger Trade, according to the brokerage firm, which added that in Q4 2023, the average net asset inflow per new funded client reached over US$16,000.

Hong Kong represents US$18,000 in net asset inflows by new funded accounts and 251% YoY growth of client assets in 2023. Tiger Brokers was one of the first tech brokers to upgrade its Type 1 license, launching virtual asset trading services for professional investors. The local operation recently launched an auto-invest plan for HK stocks.

Australia saw the number of trading accounts increase by 20% QoQ in Q1 2024, with net asset inflow nearly tripling from the previous quarter. Tiger Brokers launched uninvested cash interest services and CHESS-sponsored trading for Australian stocks. The local operation recently partnered with Grafa for AI-powered. news and analysis.

New Zealand is a fast growing market for Tiger Brokers, where the broker ranks among the top 20 financial apps, with new funded accounts increasing by nearly 80% and trading customers growing nearly threefold in the past year. The local regulator, however, fined Tiger Brokers $900,000 for AML/CFT violations.

Tiger Brokers recently launched 24-hour trading for over 500 U.S. stocks and ETFs, particularly beneficial for investors in the Asia-Pacific region, such as Australia, New Zealand, and Singapore, as it allows them to integrate investing seamlessly with their daily routines.

Its derivatives trading capabilities were enhanced with tools like an options screener, multi-leg options strategies, and options rolling, further solidifying its leadership in the derivatives market.

The broker’s wealth management offerings cater to various risk preferences and goals and include “Tiger Vault” cash management tool and the addition of U.S. Treasuries and structured notes. Tiger Brokers launched its next-generation Turnkey Asset Management Platform (TAMP) in September last year.

“A high customer retention rate of 98%”

Wu Tianhua, founder and CEO of Tiger Brokers, stated: “Over the past decade, Tiger has focused on three key areas.

“First, we expanded markets. Starting from Singapore, we have entered Hong Kong (SAR), the US, Australia, and New Zealand, offering one-stop global investment services. These markets now account for over three-quarters of total customer assets and more than half of the company’s revenue. Singapore is the largest market for both new and existing customers.

“Secondly, we expanded products. Investors can now invest in global stocks, ETFs, options, futures, US Treasuries, structured notes, and funds—all with a single account. The integrated investment experience of Tiger Trade, combining market data, news, social education, trading, and wealth management, has become our unique competitive edge, helping us to maintain a high customer retention rate of 98%.

“Thirdly, we expanded business lines. Starting with retail brokerage, Tiger Brokers’ business matrix now includes wealth management, institutional brokerage, investment banking, and corporate services. These areas complement the brokerage business, creating a positive cycle. We will continue to leverage technology to enhance customer experience and financial service efficiency, delivering greater value to our clients.”



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