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Lets talk about Tiger Boost Acc.

I tried the BA for 1 month plus. Tiger BA is a contras acc which means no cash out front needed. Given T+3 .

Let's compare Tiger Contra to SG main securities firms such as DBS, Lim&Tan etc contras acc.

For fees,: SG main securities firms contras acc vs Tiger Contras acc=Tiger Contras acc win slightly .

Number of trading days given: SG main securities win (T+4 or T+5)

I don't understand why Tiger Contras acc will deduct my cash when the share price fluctuates

Eg, my acc wining cash have 300 cash withdrawable. I bought 5000 units of A shares at $5.0 when the share price drop to $4.95 , my cash value drop too.Why? Contras win/ lost should be settled after T+3 not during the T+3.

Tiger Contras can show the value fluctuates but not deduct my withdrawable cash.

2nd , Contras T+3 is too short as compared to Poems, DBSV, iOcbc, Lim& Tan which I was given T+5.

Tiger can consider to improve the Contras acc to draw more users to open Boost acc.

Suggestions: ⭐ 

1)To give T+4 or T+5 ( total trading 5 days or 6 days)

2)Reduce the fees or give free commission for 1 year.

3)Do not deduct the acc cash during the T+trading days. Cos it will prevent user from withdrawing)

4)System calculating the T+trading days must improve because I received remainder to sell my Contras on SG Public holiday. And was given warning that my boost acc will be suspended after 5pm.  

As for the Contras acc, the fees are not cheap unless free commissions are given. Do take note if any of u want open the acc( can use my link)👇

$Keppel(BN4.SI)$  $IFAST(AIY.SI)$  $AEM SGD(AWX.SI)$  

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