简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
abstrak:Tiger Brokers (Singapore) is the newest company to join the race to the bottom of commission-free trading, which seems to be a continuing trend. To maintain its competitiveness, the Xiaomi-backed online trading platform is "permanently" slashing its brokerage rates on US shares to $0.
Tiger Brokers (Singapore) is the newest business to enter the race to the bottom of commission-free trading, which looks to be a trend that isn't going away. To remain competitive, the Xiaomi-backed online trading platform is “permanently” lowering its brokerage costs on US equities to $0.
Tiger Brokers said in a press release that it is launching an “inaugural lifetime zero commission promotion for unlimited transactions” on US equities. According to its statistics, the brokerage's average daily trading value of US securities on its platform was $102 million per day.
Since its introduction in February 2020, the platform has reached significant milestones, including last year's onboarding of the SGX and later the Australian Securities Exchange. The online trading platform presently has over 1.8 million clients and a year-on-year growth rate of 250 percent, with trading volumes of more than $404.3 billion as of December 2021.
Tiger Brokers, which is funded by Interactive Brokers, Chinese tech behemoth Xiaomi, and famous investor Jim Rogers, also discovered that 87 percent of its customers are active traders in US equities. For the third year in a row, its Q4 volumes in Singapore increased by more than 100 percent year on year.
The NASDAQ-listed company claims that by providing free transactions on its platforms, its customers may better capitalize on modest price swings in the market and generate cost savings via more efficient trading.
Tiger Brokers (Singapore) CEO Eng Thiam Choon said, “Approximately 87 percent of our account holders presently trade US assets, and we have seen increased investor interest in US markets despite greater volatility internationally.” We think that by launching this campaign, we will be able to remove the barriers to investment and make it simpler and more efficient for Singapore investors to access global markets through our platform.
Tiger Brokers provides investors with access to five worldwide markets in addition to the SGX: the New York Stock Exchange, NASDAQ, the Hong Kong Exchange, the Shanghai/Shenzhen-Hong Kong Stock Connect, and the Australian Securities Exchange.
Although determining whether the brokers' service was free is more difficult than it seems, most retail applications and platforms have caught up with a wave of fee-free announcements over the last two years. However, those financial behemoths' stock-trading business models mirror Robinhood's, which earns money through interest on user accounts, securities lending, and a little amount from payment for order volume.
Disclaimer:
Ang mga pananaw sa artikulong ito ay kumakatawan lamang sa mga personal na pananaw ng may-akda at hindi bumubuo ng payo sa pamumuhunan para sa platform na ito. Ang platform na ito ay hindi ginagarantiyahan ang kawastuhan, pagkakumpleto at pagiging maagap na impormasyon ng artikulo, o mananagot din para sa anumang pagkawala na sanhi ng paggamit o pag-asa ng impormasyon ng artikulo.
Orfinex Prime: Mga Allegasyon ng Negligencia at Paglabas | Ang mga problema ng mga kliyente ay nagpapahayag ng mga hindi ligtas na pamamaraan sa pagbebenta, malinaw na presensya sa Dubai, at mga alalahanin ng pagsalangsang. Gumawa ng mga aksyon para sa proteksyon ng mga mamimili.
Bukas sa Parehong Bago at Existing na Customer!
The race to be the next leader of Britain’s ruling-Conservative Party and the country’s prime minister is into its final leg, with the September outcome likely to shape the fortunes of sterling, gilts and UK stocks in coming months.
The International Monetary Fund cut global growth forecasts again on Tuesday, warning that downside risks from high inflation and the Ukraine war were materializing and could push the world economy to the brink of recession if left unchecked.