English | 简体中文 | 繁體中文 | 한국어 | 日本語
Thursday, 21 January 2021, 13:00 HKT/SGT

Source: Tiger Brokers (Singapore) Pte Ltd
Tiger Brokers sees strong retail demand in Q4 2020, new accounts up 108%

SINGAPORE, Jan 21, 2021 - (ACN Newswire) - Tiger Brokers (Singapore), the Xiaomi-backed online global stockbroker, has announced a fresh increase in new accounts for Q4 2020, up 108% from Q3 2020, with quarterly trading volume increasing 215%. Tiger Brokers reported an increase in Gen Z investors across the platform in FY2020, closing the year at more than 30% of the broker's Singapore customer base.

Four news partnerships, aimed at improving Tiger Brokers' global trading experience, were announced: Iress, a financial technology provider; TradingView, a large, online trading community; Refinitiv, global market data and infrastructure provider; and DBS, Asia's leading financial group. These partnerships will further Tiger's customer access to best-in-class, up-to-date financial information allowing for well-informed, real-time investment decision making as well as allowing for instant cash transfers with the Tiger Trade platform.

Tiger Brokers also announced Fund Mall, a one-stop-shop for investing in global mutual funds, allowing access to more than 100 renowned money funds, bond funds and equity funds, based on investors' requirements: return, cash liquidity and risk appetite. This expands Tiger Trade's product line up for customers beyond the six global exchanges 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, said, "The COVID-19 pandemic has fundamentally changed today's trading and investment landscape. Investors today are fully comfortable with investing online - not just Gen Zs, but throughout the investor market. Tiger Brokers wants to ensure our investors a seamless investing experience while strengthening offerings to keep them engaged. On the other hand, we are looking to be the go-to online brokerage for traditional investors to explore hybrid investment portfolios."

Pierce Crosby, General Manager of TradingView, said, "We are excited to expand our business in Asia by working with Tiger Brokers. Over the past few years, we have 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. 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."

"2020 showed us the importance of going digital. As the adoption of technology in everyday life becomes the 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 Choon, noting customers have shown strong interest in Technology and Electronic Vehicles (EV) companies such as APPLE, TESLA, and NIO. "Tiger Brokers use digital communications as well as traditional means to ensure that investors can contact us easily via social media and landline, respectively."

The Tiger Trade mobile app is available for download at Apple App and Google Play store.
- Apple App store: https://apps.apple.com/sg/app/id1023600494
- Google Play store: https://play.google.com/store/apps/details?id=com.tigerbrokers.stock
Fund Mall details at https://www.tigerbrokers.com.sg/market/fund-publicity.

About Tiger Brokers (Singapore) Pte Ltd.

Tiger Brokers (Singapore) Pte Ltd offers trading on the NYSE, NASDAQ, HKEX, Shanghai/Shenzhen-HK Stock Connect, SGX and ASX. Its trading platform, Tiger Trade, offers complimentary real-time stock quotes, 24/7 finance news updates and dedicated multilingual customer service. Tiger Trade mobile launched in February 2020, accessible on Google Play and Apple App stores, offering the mobile-savvy generation similar trading opportunities to online users in Equities, ETFs, Futures, Options, Warrants, and Callable Bull/Bear Contracts.

Tiger Brokers Singapore is the regional entity of UP Fintech Holding Limited ("Tiger Brokers"), a leading online brokerage firm focusing on global investors. Founded in 2014, Tiger Brokers became #1 in U.S. equity trading for Global Chinese investors in less than two years. Listed on NASDAQ in 2019, Tiger Brokers (TIGR) has offices in China, Australia, NZ and Singapore. Tiger Brokers has 1 million customers worldwide, with a trading volume of US$62.8 billion in Q3 2020. The company is backed by Xiaomi, as well as investment guru Jim Rogers. For more information, please visit https://www.tigerbrokers.com.sg

For media enquiries, please contact:
PRecious Communications for Tiger Brokers (Singapore)
Email: [email protected]

Tiger Brokers (Singapore) Pte Ltd ("Tiger Brokers") may, to the extent permitted by law, participate or invest in other transactions with the issuer of the products referred to herein, perform services or solicit business from such issuers, and/or have a position or effect transactions in the securities or options thereof. The information herein is for recipient's information only and not an offer to sell or a solicitation to buy. This article has not been reviewed by the Monetary Authority of Singapore.

Topic: Press release summary
Source: Tiger Brokers (Singapore) Pte Ltd

Sectors: Exchanges & Software, Daily Finance, Funds & Equities, FinTech & Blockchain
From the Asia Corporate News Network

Copyright © 2021 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


Tiger Brokers (Singapore) Pte Ltd Releated News
Apr 6, 2021 11:00 HKT/SGT
Tiger Brokers Singapore Achieves 100% Growth in Account Openings for Three Consecutive Quarters in 2020; Continues to Focus on Untapped Gen Z Market
Feb 4, 2021 14:00 HKT/SGT
Tiger Brokers To Be The One-Stop Online Trading Solution For Investors; Adds Two New Trading Services
Jan 20, 2021 09:00 HKT/SGT
Singapore online brokerage Tiger Brokers sees strong retail investor growth in Q4 2020 with 108% increase in new user sign ups
Dec 2, 2020 09:00 HKT/SGT
Tiger Brokers Parent UP Fintech Sees 1 Million Customers Worldwide, Driven by Tripled 3Q Account Openings in Singapore
Oct 23, 2020 09:00 HKT/SGT
Global brokerage firm Tiger Brokers uncovers Singaporean Gen Zs' penchant for globally diverse and long-term technology stocks
More news >>
Copyright © 2021 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 400 879 3881 | Hong Kong: +852 8192 4922 | Singapore: +65 6653 1210 | Tokyo: +81 3 6859 8575