Tiger Trade’s offering includes global shares and options, index futures, forex, metals, crypto, and energy.
Tiger Brokers has announced a major upgrade to its proprietary investing app Tiger Trade in New Zealand, including enhanced usability features from customer onboarding to trading experience.
The trading platform now allows New Zealand users to trade Australian, United States, Hong Kong, Singaporean and China-a shares.
Tiger Trade also offers live trading in more than 100 futures contracts including index futures, forex futures, metal futures, bitcoin futures and energy futures, as well as US and Hong Kong stock options.
Kiwi investors can use Tiger Trade to benefit from feature-rich tools from fundamental to technical for better analysis, live streaming financial news, and in-depth market data, to better trade American, Australian, and Asian markets. Level 2 market data for both US and ASX shares helps investors to identify the depth of bid and ask prices for a given stock in real time. Short interest related data is also available to retail investors to provide more visibility of price action.
The offering includes margin trading, an in-app community that helps investors stay connected and a demo account that allows investors to practice and sharpen investing skills.
As to pricing, Tiger Trade offers a minimum brokerage of USD 1.99 per order on U.S. shares, as well as a minimum USD 2.99 per order on U.S options. For those who hope to boost their buying powers, Tiger Brokers also offers margin accounts, which allows investors to leverage their position.
Greg Boland, Chief Executive Officer at Tiger Brokers New Zealand, commented: “For the past year, we have been working hard on modifying our app to account for Kiwis’ preferences, as well as driving greater levels of service efficiency. The evolving customer expectations and the need for comprehensive and user-friendly products present growth opportunities for us. After attracting nine million users worldwide, we aim to become the go-to investing app for kiwi investors as well with our integrated product offering and technological advancements.”
“The market has become overheated over the past two years, so a correction was on the cards. We offer the ability to hedge your risk in the markets using futures and options products. Education is an integral part of successful investing. We integrated trading data, insights, and tools into Tiger Trade to give everyone a better understanding of the evolving market and the ability to build up their skills. At the end of the day, more tools and more insights will help investors cut through the noise.”
The app also provides a ‘paper’ trading account where clients can play with $100,000 in virtual money and practice trading in shares, futures, and options.