• Published on 13 August 2024
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Tiger Brokers celebrates Singapore with zero commissions, Nvidia shares, staycation

Tiger Brokers, one of the leading online brokerage firms has just launched two major giveaways to celebrate Singapore’s National Day, honouring the Singapore Exchange (SGX) and the nation’s traders.

The campaign aims to boost SGX activity and provide a boost to the local markets, aligning with Tiger Brokers’ commitment to the Singapore market, empowering local investors and redefining the landscape of financial services.

From 1 August 2024 to 31 October 2024, Tiger Brokers users will be able to trade SGX-listed stocks with zero commission fees and stand a chance to win coveted, uniquely Singaporean prizes like a staycation at The Fullerton, Universal Studios Singapore tickets and Capitaland vouchers.

Participants can choose to trade SGX-listed stocks, ETFs, REITs, DLCs, and SDRs, all of which will be commission-free. Additionally, participants who complete three 'Buy' orders, each totaling SGD 1,000 ($755.38 ) or more, will qualify for the leaderboard. The top 100 participants will receive prizes.

Tiger Brokers users who open a Cash Boost Account (CBA) from 1 August 2024 to 30 September 2024 will stand a chance to win up to 20 Nvidia (NVDA) shares. Tiger Brokers CBA supports the Contra Trading strategy which has historically seen great popularity in Singapore and provides instant access to a trading limit of up to SGD 20,000 ($15,107 ) upon account opening, without requiring any initial capital. While other brokers typically charge over 0.28% of the trading value or a minimum of SGD 25 ($18.88), Tiger Brokers offers a significantly lower rate of 0.12% of the trading value or a minimum of SGD 5 ($3.7).

Moreover, Tiger Brokers offers an interest-free period of up to seven trading days to enhance user experience. To assist investors in making informed decisions, Tiger Trade provides comprehensive tools such as advanced order types, real-time market depth, and more.

Since launching Cash Boost on the platform, Tiger Brokers’s CBA has seen remarkable growth. Within the first month of its pilot release, Cash Boost saw a 3x surge in transaction volume due to strong demand from users. The momentum carried over to its launch to the public launch, where CBA users made 40% more trades in SG market compared to Prime account users, demonstrating high engagement and retention.

To further encourage trading SGX-listed stocks, users who link their CBA with the Central Depository can earn extra lucky draw chances and 30-day commission-free trades.

Ian Leong, CEO of Tiger Brokers Singapore, shared: “What better way to celebrate Singapore and its traders than with giveaways that will help breathe life into the SGX. As a homegrown company, we wanted to give back to our local customers, as well as provide a conducive environment to spark interest and excitement in the SGX. Tiger Brokers was the first online brokerage with SGX memberships across securities trading and clearing, securities depository and derivatives trading, and we look forward to working closely with them to contribute to the nation’s vibrant economy.”

Re-disseminated by The Asian Banker