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How FinTech-based online mobile brokers can aid investors in comparison to traditional systems

The Edge Singapore
The Edge Singapore • 8 min read
How FinTech-based online mobile brokers can aid investors in comparison to traditional systems
If you're considering signing up with a brokerage, here's why going online might be the better option.
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When starting your investment journey, there are plenty of things to consider. However, one of the most important first steps is to decide on your brokerage, and whether to go for a more traditional brokerage or an online mobile brokerage. Even for seasoned investors, it may be time to consider porting your investments online and within reach of your fingertips. As we become more mobile and nomadic, technological tools that are embedded into our smartphones and computers may just enhance your investment journey and open up a world of opportunities.

What are the differences between online brokers and traditional brokerage firms?

While both offer you the same access to markets and opportunities, traditional brokerages tend to place emphasis on a one-on-one, personalised approach — where an assigned broker will guide and help you make investment decisions and inform you on opportune times to invest in a given asset. This people-centric approach, of course, generally comes with higher trading and commission fees, which may put off younger investors who may not necessarily have the same amount of investable income.

On the other hand, online mobile brokerages put the power in your hands. While new retail investors may not get the same guidance or advice, it allows them to remain agile and experimental with their investment decisions. This lower barrier to entry — both in terms of commission and trading fees, as well as the minimum sum for investment — may encourage newer investors to jump on the bandwagon. In addition, online mobile brokerages are generally computer- and app-based, which also allows investors to keep track of international markets at any given time, without being tied to their brokers’ trading hours.

On the whole, whether you are opting for traditional or online brokerages, it is also important to consider other facts that will sway your decision. It’s important to understand your personal risk appetite, how hands on you’d like to be in your investment journey, how much advice you’d need, the types of investments you’d like to make, the different markets you’re interested in, and ultimately, what you want out of your investment journey.

So, how can online mobile brokerages help you grow your wealth?

Due to the nature of mobile brokerages, this means that information is always at your fingertips. Online mobile brokerages, like Tiger Brokers, have a bevy of tools that will help you make informed, timely decisions, ranging from news and market watches to candlestick charts and information about the given company you are interested in. Making informed decisions is the first step to becoming a savvy investor, no matter if you are new or seasoned.

Many online mobile brokerages offer easy and flexible solutions for the informed investor. This includes features such as multi-asset accounts that allow you to further diversify your portfolio, which in turn, manages and spreads your risk exposure. Having different types of assets in different markets also mean that you are not at the mercy of one market’s volatility, whether that is through economic or political means. Opportunities are also aplenty, with the ability to invest in different companies that you are personally interested in or believe in.

With the agile nature of online mobile brokerages virtually operating in the cloud, these tech-centric models also mean that investors can enjoy lower trading and commission fees, and a lower investment sums as opposed to traditional brick-and-mortar establishments. For many investors, this translates to having more bang for your buck, with the ability to start whenever and wherever.

At Tiger Brokers, we pride ourselves in being an agile online brokerage, continuously expanding into different markets and presenting new options for all our investors. In 2Q2020 alone, Tiger Brokers’ revenue increased 121.8% year-over-year to $30.1 million, making us a growing and trusted source for all types of investors. With over 91,000 customers opening up accounts on Tiger Brokers’ Tiger Trade, there is a growing appetite amongst the investors community to make the leap towards online brokerages.

Use information to your advantage

For investors new and seasoned, an important tenet is to always be well informed and educated on the types of things you want to pour money into. That is also why Tiger Brokers places emphasis on giving you the right tools to make your investment journey a success. On top of that, download your favourite news trackers to keep abreast of international news, which helps keep you up to date with global happenings. This generally makes decision-making processes easier when you want to find out where to invest and what to invest in. Additionally, fully utilise all the charts, markers and indices available to you for simple comparisons and to keep track of companies you are interested in.

At Tiger Brokers, we are constantly trying to improve our product offerings. On top of that, keep your eyes peeled for Tiger Brokers’ various programmes, from referral fees and bonuses, to ultra-low commissions or trading fees for the global markets.

Ultimately, there are always pros and cons to everything in life. While traditional brokers have a great track record and reputation, online mobile brokerages also give users the tools and flexibility to chart their own investment journeys. At the end of the day, it’s all about how you want your money to work for you.

At Tiger Brokers Singapore, take advantage of our sophisticated tools to make your money work harder for you. With everything within the reach of your palm, we aim to make your investment journey easy, whether you’re new or a seasoned investor. It is also a one-stop trading platform for investors to invest in different multi asset classes globally. Tiger Brokers invites you to collect its Welcome Gift and Referral Promotions, which include $200 commission-free trading, and Free Level 2 Data for U.S. stocks for 30 days to get you started on the right foot.

Take it one step further when diversifying your international portfolio with the current live trading competition for SGX equities by Tiger Brokers Singapore! SGD500 cash for the top performing trader each week! SGD1,500, SGD1,000, and SGD800 cash to be awarded each month for the top 3 traders! Besides that, SGD4,000, SGD3,000 and SGD2,000 cash for the top 3 traders during the entire competition period! On top of these attractive cash prizes, all participants will receive 5 commission-free trades for SGX equities within 30 days after successful enrolment! Hurry and find out more here.

Plus, when you become an Ace Trader at Tiger Brokers, you get to enjoy 30% off commissions and free stocks. Learn more by joining today.

This article has not been reviewed by the Monetary Authority of Singapore.

The information herein is for recipient’s information only and not an offer to sell or a solicitation to buy. Any date or price information is indicative only and may be changed without prior notice. All opinions expressed and facts referred to herein are subject to change without notice. The information herein was obtained and derived from sources that we believe are reliable, but while reasonable care has been taken to ensure that stated facts are accurate and opinions are fair and reasonable, Tiger Brokers does not represent that it is accurate or complete and it should not be relied upon as such.

About Tiger Brokers (Singapore) Pte Ltd.

Tiger Brokers Singapore Pte Ltd (Tiger Brokers Singapore) is a brokerage firm operating with a Capital Markets Services (CMS) Licence from the Monetary Authority of Singapore (MAS). Its trading platform, Tiger Trade, offers complimentary real-time stock quotes, dedicated multilingual customer service during trading hours and 24/7 finance news updates. The company launched the mobile version of Tiger Trade in February 2020 — accessible on Google Play Store and the Apple App Store — offering mobile-savvy generation of retail investors similar trading opportunities as their online users, such as Equities, Exchange-Traded Funds (ETFs), Futures, Stock Options, Warrants, and Callable Bull/Bear Contract (CBBC) on their mobile phones. Both online and mobile app allow users to invest across multiple asset classes traded on the Singapore, U.S., Hong Kong and Australia stock markets such as the New York Stock Exchange (NYSE), NASDAQ, Shanghai/Shenzhen-Hong Kong Stock Connect, the Hong Kong Stock Exchange (HKEX), the Singapore Stock Exchange (SGX) and Australian Securities Exchange (ASX).

Tiger Brokers Singapore is the Singapore entity of UP Fintech Holding Limited, known as “Tiger Brokers” in Asia, a leading online brokerage firm focusing on global investors. Founded in 2014, Tiger Brokers became #1 in the U.S. equity trading by volume among trading platforms catered to Global Chinese investors in less than two years. Tiger Brokers was awarded "2017 Fintech 250" by CB Insights and shortlisted for "China Leading Fintech 50" for two years in a row by KPMG China. The company was listed on NASDAQ under “TIGR” in 2019 and has offices in China, United States, Australia, New Zealand and Singapore. Tiger Brokers has over 833,900 customers worldwide currently, with a total trading volume of US$46.8 billion in Q2 2020. The company is backed by well-known investors such as Xiaomi, as well as investment guru Jim Rogers. For more information, please visit

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