Well deserved victory for Tiger Brokers for winning the 'Best Retail Broker Award' at the SIAS Investors Choice Awards 2023!
Tiger's efforts and commitment to "delivering exceptional service and continuously enhancing its platform for clients" has been fruitfully paid off, and here's are some of the more unique features my friendly broker next door offers...
(1) Tiger Vault - Great Variety.
A great selection of SGD and USD Money Market funds are available for subscription, including the popular Fullerton MMFs for both SGD and USD.
(2) Fast redemption of MMF Cash Fund.
My experience with Fullerton SGD Cash fund is positive. For redemption made before 11am (day T), I am able to withdraw to my bank by the next day (T+1) morning. Some other brokers may only release the redeemed Cash fund in the late afternoon or evening of T+1, and hence withdrawal to bank would be delayed to T+2.
(3) Fractional Shares - to 5 decimal places, and USD 1.
Tiger Trade offers fractional shares to 5 decimal places, in comparison to 4 decimal places for other brokers. Also, the minimum amount is USD 1, in comparison to USD 5 for some other platforms.
(4) Flash Campaign - every 7 days.
Flash campaign tasks encourage users to invest and earn Tiger coins at the same time. Trading tasks could be achieved with Fractional shares investing (US market), so this gels with DCA investing approach.
(5) Currency conversion - Immediate.
Tiger's currency conversion has improved to immediate, in comparsion to T+2 for some other neo-brokers. This improves cash management for the popular and frequent USD/SGD currency conversion for many investors.
Friendly Tiger, Neighbourly Broker👍
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