This Tiger Brokers review starts with the numbers. As at November 2026, a US stock order costs at least US$1.99 before GST (a US$0.99 minimum commission plus a US$1 minimum platform fee), and a Singapore stock order costs 0.03% commission plus a 0.03% platform fee, with minimums of S$0.99 and S$1. The Singapore entity holds a Capital Markets Services licence from MAS.
Investing can lose money. Prices fall as well as rise, and you may get back less than you invest. This article explains the platform. It does not tell you what to buy.
What Tiger Brokers Is
Tiger Brokers is an app-based broker for self-directed investors. In Singapore it offers US, Hong Kong, Singapore, China A-share and Australian stocks, along with ETFs, funds, bonds, options, warrants and futures.
It is among the most promoted brokers on Singapore finance sites and referral threads, together with moomoo, Webull and Longbridge.
Tiger has two account types that matter for cost. The standard account holds your shares in custody. The Cash Boost Account can be linked to a CDP account and is the route for CPF and SRS trades, at higher fees.
MAS Licence and How Your Assets Are Held
The MAS Financial Institutions Directory lists Tiger Brokers (Singapore) Pte. Ltd. as a Capital Markets Services licensee. The licence covers dealing in securities, collective investment schemes and exchange-traded derivatives, product financing and custodial services. It is also an exempt financial adviser.
Tiger’s fee page states that Singapore Exchange counters bought in the standard account are held in segregated custodian accounts. They are not in a CDP account under your name.
Shares, ETFs and funds are not SDIC-insured. SDIC covers eligible bank deposits. A custody arrangement protects ownership records. It does not protect against falling prices.
Tiger Brokers Review of Fees (as at November 2026)
Every figure below is from Tiger Brokers Singapore’s own pricing pages. GST of 9% applies on top.
| Item | Standard account | Cash Boost Account |
|---|---|---|
| US stocks and ETFs: commission | US$0.005 a share, min US$0.99 | 0.10%, min US$4.99 |
| US stocks and ETFs: platform fee | US$0.005 a share, min US$1 | 0.12%, min US$5 |
| Singapore stocks, ETFs, REITs: commission | 0.03%, min S$0.99 | 0.10%, min S$4.99 |
| Singapore stocks, ETFs, REITs: platform fee | 0.03%, min S$1 | 0.12%, min S$5 |
| Hong Kong stocks | 0.03% min HK$7, plus 0.03% min HK$8 | 0.10% min HK$35, plus 0.12% min HK$40 |
| SGX trading and clearing fees | 0.0075% and 0.0325% | Same |
| US settlement fee (third party) | US$0.003 a share | Same |
| Custody fee, Singapore counters | S$2 a quarter, waived until further notice | Not listed |
| Fund Mall | No subscription or platform fee listed | Not applicable |
Commission and platform fee on US orders are each capped at 0.5% of the trade value. Fractional US orders under one share pay no commission and a platform fee of 1% of the trade, capped at US$1.
Withdrawals in Singapore dollars are free by FAST up to S$200,000, according to Tiger’s help page. Larger transfers and foreign-currency wires attract bank fees.
We could not find a published percentage for currency conversion or an inactivity fee on the pages we checked. Check the rate quoted in the app before converting, and look at Tiger’s help centre for the current terms.
Tiger advertises new-client offers. We leave them out because they change often and are not part of the standing price.
The short version: Tiger’s standard account is cheap for small orders but always charges two fees per trade. Its CDP, CPF and SRS route costs about S$10 an order before GST.
What a Year of Monthly Buying Costs
Our scenario: US$2,000 into a US-listed ETF and S$2,000 into an SGX-listed share, once a month for a year. We assume the ETF costs US$100 a unit, so 20 units per order. Fees only, not a forecast of returns.
US order, standard account: 20 shares at US$0.005 is US$0.10, so both minimums apply: US$0.99 plus US$1. GST adds about US$0.18. The settlement fee is US$0.06. Total about US$2.23 an order, or roughly US$26.75 a year.
SGX order, standard account: 0.03% of S$2,000 is S$0.60, so the minimums apply again: S$0.99 plus S$1. SGX fees are S$0.80. With GST the order costs about S$3.04, or roughly S$36.50 a year.
SGX order, Cash Boost Account: S$4.99 plus S$5, SGX fees of S$0.80, and GST. About S$11.76 an order, or S$141 a year.
The gap between the two accounts is roughly S$105 a year on the same 12 trades. That is the price of CDP, CPF or SRS access here.
Converting Singapore dollars to US dollars is a separate cost that depends on the rate Tiger quotes at the time.
Funding, CPF and SRS
You deposit Singapore dollars by bank transfer, including a direct debit option Tiger calls DDA.
Tiger states that the Cash Boost Account supports CPF and SRS investing in eligible SGX stocks. You need an existing CPF Investment Account or SRS account with DBS, OCBC or UOB before you link it. CPF and SRS trades cannot be sold on the same day and are not eligible for contra trading.
CPF Board’s own rules sit on top of this. See our CPF Investment Scheme explainer, and try the CPF OA vs invest calculator to see the 2.5% hurdle your investments must clear. For SRS, read our SRS guide.
Drawbacks and Alternatives
- Two minimums on every order. A US order never costs less than US$1.99 before GST, more than some rivals charge.
- Cash Boost is expensive for small orders. At roughly S$10 a trade, a S$1,000 purchase loses about 1% on the way in.
- Leverage is close at hand. Margin, short selling, options, warrants, futures and contra trading are all offered. These can multiply losses, and some can cost you more than you deposited. A long-term investor does not need them.
- No published FX percentage that we could verify.
Who Tiger Brokers does not suit
It is not a natural fit if you want the lowest possible cost on US ETFs, if you want every SGX share in your own CDP account at a low fee, or if you prefer a managed portfolio.
Alternatives to compare
- Webull: no commission or platform fee listed on US stocks.
- Interactive Brokers: no custody fee, a single commission, and published FX pricing.
- POEMS: a local broker with no minimum commission on SGX trades in its Cash Plus account.
- Syfe or Endowus if you want managed portfolios or funds.
Our guides to the best investment platforms in Singapore and the best brokers for US stocks set these side by side.
What To Do Next
- Read Tiger’s entry in the MAS Financial Institutions Directory.
- Price your own usual order size on Tiger’s fee page, for both account types.
- If CPF or SRS is the plan, confirm the eligible counters and total cost before opening the Cash Boost Account.
