Overview
Tiger Brokers is a prominent global online brokerage firm founded in 2014. The company utilizes next-generation technology to facilitate trading across multiple international markets, including the United States, Hong Kong, Singapore, and Australia. Tiger Brokers' main offering is its mobile trading application, Tiger Trade, which supports equities, futures, options, and funds trading. The company prioritizes technological innovation, with a substantial portion of its staff dedicated to research and development.
Corporate Profile
Tiger Brokers is publicly traded on NASDAQ under the ticker TIGR. Supported by notable shareholders such as Interactive Brokers, Xiaomi, ZhenFund, and Jim Rogers, the company has over 2.2 million account holders with an annual trading volume exceeding $294.2 billion USD as of December 2023. It is recognized as a leader in fintech innovation by prestigious institutions, reinforcing its significant influence in the industry.
Office Locations and Licenses
Tiger Brokers operates offices in key financial hubs, including Singapore (global headquarters), New York, Beijing, Auckland, and Sydney. The company adheres to regulatory requirements with the following brokerage licenses:
- Singapore: Licensed by the Monetary Authority of Singapore.
- United States: Registered with the U.S. Securities and Exchange Commission and FINRA.
- Australia: Regulated by the Australian Securities and Investments Commission (AFSL no. 300767).
- New Zealand: Registered under the Financial Markets Conduct Act 2013.
Technological Excellence
The firm prides itself on advanced trading technology, enabling multi-currency trading and high-speed trade processing at 1.68 million trades per second, supporting over 1.47 million underlying equities. With 394 product iterations, Tiger Brokers continuously innovates to offer unmatched trading experiences.
Key Leadership
- Ian Leong - Chief Executive Officer, Tiger Brokers Singapore: Appointed CEO on September 28, 2023, Ian Leong brings 13 years of financial industry experience. He has served as CEO of uSMART Singapore and Business Development Director of Retail at Tiger Brokers. His previous roles at Lim & Tan Securities and Phillip Securities (Singapore) highlight his expertise in trading and customer services.
Growth and Market Position
Tiger Brokers has experienced robust growth globally, notably in Singapore, reflected by a compound annual growth rate of 539% in local account openings since Q1 2020. The company employs over 1,109 people globally, contributing to its expansion and innovation. Through strategic alignment with technology infrastructure, Tiger Brokers continues to enhance its platform offerings and links between global financial markets.
Competitor Profiling
Tiger Brokers Singapore
Tiger Brokers Singapore operates as a leading online brokerage, known for facilitating stock trading and investments with a reported annual revenue of approximately $230.6 million and employing around 414 individuals. Within the competitive Singapore market, Tiger Brokers faces significant competition from key players such as Moomoo SG, CIMB Singapore, DBS Vickers Securities, Maybank Kim Eng Securities, and Syfe.
Competitor Overview
1. Moomoo SG:
- Parent Company: FUTU Holdings, listed on NASDAQ.
- Key Offerings: Provides extensive analytical tools to its 24 million global users. Known for a community-driven trading platform, it achieved the No.1 rank among online brokerage apps in Singapore in 2021 and became the most downloaded brokerage app in Malaysia by 2024.
- Events and Partnerships: Engages users through large events like MooFest and partnerships with Nasdaq.
2. CIMB Singapore:
- Background: Originated from Ban Hin Lee Bank and expanded by acquiring G.K. Goh Stockbrokers Pte. Ltd. in 2005.
- Services: Offers varied banking products and investment banking services leveraging CIMB's regional network since 1947.
3. DBS Vickers Securities:
- Profile: A prominent securities and derivatives brokerage firm with a strong Asian heritage and market insights.
- Capabilities: Provides in-depth research and has a presence in markets such as Hong Kong, Indonesia, and Thailand.
4. Maybank Kim Eng Securities:
- Establishment: Founded in 1972 and the first stockbroker listed on the Singapore Stock Exchange.
- Service Spectrum: Provides comprehensive services including brokerage, trading, and strategic advisory across Asia.
5. Syfe:
- Business Model: A digital investment platform focused on managed portfolios targeting individual investors and offering a range of investment solutions.
Strategic Insights
Faced with intense competition, Tiger Brokers Singapore must enhance its service differentiation. Strategies such as establishing partnerships akin to Moomoo's Nasdaq collaboration, expanding community-driven features, and enhancing educational resources can boost its market share. Insights into competitors' strategies, such as CIMB's broad financial service integration and Maybank's extensive market presence, could guide Tiger Brokers Singapore in refining its strategies to capture greater market share and increase user engagement.
