Invest · Broker review

Tiger Brokers

Low-cost US and HK stock access for Asian investors

Reviewed by Aayush Jain·Updated May 2026
Overall score
7.0/10
FX rank#3 of 20
FX cost / $10k$20
Conversion spread0.2%
Trading commissionFree
Annual feeNone
Min investmentNone

$10 more per $10,000 than Interactive Brokers (FX cost only)

Not financial advice.This is a comparison of FX costs only. We don't recommend specific investments. Always consult a qualified financial adviser before investing.

Verdict

Tiger Brokers is a strong choice for Asian investors (especially Singapore and Australia-based) wanting access to US and Hong Kong stocks. Its 0.2% FX rate is competitive — not as low as IBKR's 0.1% but significantly better than most local alternatives. Commission-free US trading is a genuine advantage.

FX cost breakdown

Conversion spread
0.2%
Above mid-market rate
Fixed FX fee
None
Per currency conversion
Total FX cost / $10k
$20
Realistic all-in estimate

FX cost comparison on $10,000 investment

Interactive Brokers$10
Trading 212$15
Tiger Brokers$20
moomoo$25

Pros & cons

Pros

  • Commission-free US stock trading
  • Access to HK and Singapore markets alongside US
  • FX cost of 0.2% — better than most Asian retail options
  • MAS-regulated (Singapore) and ASIC-regulated (Australia)
  • Clean mobile app with margin trading support

Cons

  • FX cost still 2× higher than IBKR
  • Not available to UK or EU investors
  • Owned by a China-based parent (UP Fintech) — consider jurisdictional risk
  • Less comprehensive options and futures access than IBKR

Who can use it

SingaporeAustraliaGlobal

Markets available

USHong KongSingaporeChina A-sharesAustralia

Supported corridors

SGD→USDHKD→USDAUD→USDCNH→USD

Regulated by

Singapore
MAS
Australia
ASIC
New Zealand
FMA

Frequently asked questions

Is Tiger Brokers safe for Singapore investors?

Tiger Brokers' Singapore entity (Tiger Fintech (NZ) Limited and Up Fintech Holding subsidiary) is MAS-regulated. Client assets are segregated. It is a publicly listed company (NASDAQ: TIGR), providing additional transparency.