Tiger Brokers (Tiger Securities), which received a strategic investment from Xiaomi, is a technology-based brokerage that has taken the lead in the field of Internet securities.。

Tiger Securities was founded in 2014 and successfully listed on the Nasdaq Exchange in 2019 (Nasdaq: TIGR)。Subsequently, the company entered the Singapore market in February 2020 and is globally regulated by the US Securities and Exchange Commission (SEC), the Australian Securities and Investment Commission (ASIC) and the Monetary Authority of Singapore (MAS).。

The brokerage provides services covering the United States, Hong Kong, Singapore, China, Australia, London and other international markets, and its U.S. stock new services free of charge, very suitable for investors interested in participating in the purchase of new shares。

Tiger Securities account opening process is quick and easy, only 10 minutes to complete the full line of account opening, and its operation interface design is simple and easy to understand。The following is a detailed description of the entire process of Tiger Securities account opening, including the type of securities account, the preparation materials required to open an account, precautions, common account opening questions, account opening process, and the author's account opening experience.。

Tiger Securities Account Opening Considerations

Securities account type

Tiger Securities offers two types of securities accounts, a margin account (Margin Account) and a cash account (Cash Account)。

Opening an account is free and there is no minimum deposit threshold。

Margin Account

Margin Account (Margin Account) allows investors to trade margin trading (margin trading represents shorting) and can trade all investment products on Tiger Securities, including options, futures, warrants, etc.。

Intraday trading (intraday) can open up to 4x leverage, overnight trading can open up to 2x leverage。U.S. stocks have a T + 0 trading system, while Tiger Securities does not have T + 0 trading times and frequency limits, in other words, users can buy and sell stocks unlimited times on the same day.。

Cash Account

Cash Account (Cash Account) is a basic account, only supports cash transactions, can not use the financing function, users can not participate in trading options, futures and other investment products that need financing, can only trade stocks, ETFs, REITs, funds, etc. in cash.。

There is also no limit on the number and frequency of T + 0 transactions.。

Which account to choose？

Margin accounts and cash accounts have their pros and cons, depending on the individual's level of investment knowledge, strategy, risk tolerance, principal size, etc.。

Margin accounts allow users to profit from leverage amplification, but earn more, representing a relatively higher risk of losing money。If you want to operate the stock market credit trading of margin financing, you must take the time to do your homework and develop an entry and exit strategy in advance.。And to have good discipline and mentality, willing to abide by the strategy;

If you are a novice, or can not afford the risk, it is recommended to open a cash account is good, how much cash on the investment, do not easily touch the credit transactions。

Of course, cash accounts can be upgraded to margin accounts。The operation method is to log in to Tiger Trade App > Trading > Account > Upgrade to Margin Account。

Account Opening Qualification

The minimum age requirement for tiger securities to open an account is 18 years old, and no account opening is accepted under 18 years old, 75 years old or above;

Between the ages of 21 and under 75, with full-time income (including self-employed persons), retirees, can open margin accounts or cash accounts; students, interns, and other unemployed persons without full-time income can only open cash accounts.

Age between 18 and under 21 years old, can only open a cash account。

The following collates the eligibility and relevant age limits for Tiger Securities to open an account.。

Age	Securities account type
< 18 years old	No account opening
18 years old - under 21 years old	Cash Account
21 - Under 75 (students with no full-time income, interns, and other unemployed persons)	Cash Account
21 years old - under 75 years old (with full-time income including self-employed persons, retirees)	Cash account, margin account
75 years and above	No account opening

Prepare information

Before opening an account, you need to prepare the following documents and information, and also have a stable network to facilitate account opening:

1. Identification documents: ID card / passport

2. Proof of current residential address, optional: ID card, driver's license, bank statement, credit card statement, letter from insurance company, water, electricity, coal or telephone bill, house lease or title deed, local government letter

Tax Number (Nombor Cukai Pendapatan / Income Tax Number)

4. Company Name and Address

5. Details of assets and income

Tiger Securities account opening teaching (multi-graphic)

Estimate Cost: Zero

Time Needed: 1-3 working days

The account opening process for Tiger Securities is as follows.

1. Click the exclusive account opening link to enter the official website

2. Choose to register with mobile phone number or email

3. Fill in the information

4. Read and confirm the agreement to open an account and related disclosures.

5. Upload identification and address documents

6, submit an application to open an account, wait for the approval, deposit the first funds can start trading!

There are two ways to open an account: through the official website, download Tiger Trade App。

I would recommend using the official website to open an account, it is very convenient to enter information and upload files, and only use the Tiger Trade App for formal operations and transactions.。Of course, you can choose the way you feel right。

Below we will open an account on the official website and explain how to open an account in Tiger Securities in English, which will take about 10 minutes to complete.。To switch to the Simplified Chinese or Traditional Chinese interface, slide to the bottom of the page to adjust the language。

Step 1: Click the exclusive account opening link to enter the official website

Click on the Tiger Securities exclusive benefits link, register a new account, you can get free stocks, free cards, tiger coins and other rewards.。

Rewards can only be obtained through the exclusive account opening link, remember to use the following link, you will not miss the various rewards。

Step 2: Choose to register by mobile phone number or email

On the registration page, you can choose to register a new account with your mobile phone number or email.。

Enter the mobile phone number or email address, click "Send Code," the system will send the verification code to the specified mobile phone number or email to ensure that it is my application。

Enter the verification code below to agree to the Privacy Policy and Terms, and click "Sign Up" to continue to the next step.。

Step 3: Fill in the country information

Fill in Nationality, Country of Birth, Current residential address, Tax Residency, Tax Identification Number。

If there is no tax number, please click "I don't have a Tax Identification Number" and select the relevant reason.。If none of the above is true, select Other reasons and indicate the reason, for example, Still a student。

The system defaults to "I am not a legal US resident or US green card holder," if you are a US citizen or hold a green card, please click to close it。

When finished, click "Continue" to proceed to the next step。

Step 4: Fill in your personal information

Start filling in Basic Information, Resident address, date of birth, gender, email address。

Pay attention to fill in the real information, the address should also be consistent with the passport information, to avoid later can not pass the account verification。

Click "Continue" to continue to the next step。

Step 5: Fill in the career information

Information of Job。Select Employment Status (Employment Status), please select Employed, and fill in the industry, position, company full name, address。

Then, declare the compliance information (Regulatory Information), the system defaults to the system, indicating that I or my immediate family, close friends do not work in a securities firm or exchange, do not hold 5% of the shares of a listed company, are not a political public figure, or have been entrusted to a senior government official position (PEP), etc.。

If one of the items is met, remember to change the declaration and cancel it.。Click "Continue" to continue to the next step。

Step 6: Fill in the investment information, select the account type

Select the account type, in this section you can choose whether to use a margin account。If you choose a cash account at this stage, you can also upgrade to a margin account later.。

Then, continue to fill in the investment experience, including stock (Stock), options (Options), futures (Futures) investment seniority, number of investments and knowledge level.。

Choose to open a cash account, only need to fill in the stock investment experience。

The next item is to choose whether to launch Tiger Securities' exclusive Cash Plus, Fund Mall and Stock Yield Enhancement Program.。By default, the system selects all, and you can decide whether to change it according to your personal needs.。

Cash Plus idle money steward is the cash management function of Tiger Securities, users can choose to transfer temporarily unused funds in the securities account to idle money steward, Tiger will invest the funds in stable income, high security financial products, such as time deposits, bonds and so on.。Only apply for a transfer out when you need to use the funds.。

The Fund Mall Supermarket is a public fund investment (Public Fund Investment) trading platform for Tiger Securities, allowing users to participate in investing in public funds, such as money funds, bond funds, and equity funds.。

The Stock Yield Enhancement Program, which allows users to lend shares of their accounts to investors who want to short and pay interest on securities as one way to increase their investment returns.。

Click "Continue" to continue to the next step。

Step 7: Fill in the asset information

Fill in personal asset information, including net current assets (USD), net asset value, net annual income, source of wealth and purpose of account opening。

Then check out the W-8BEN Tax Form (U.S. Inland Revenue Exemption Form) and CRS Form (Certification On Tax Residency Status) Tax Resident Status Self-Certification。After confirming that it is correct, click "Continue" to continue to the next step。

Step 8: fill in the customer account audit

Customer Account Review assesses a user's level of knowledge and experience with specific investment products (SIPs).。

It is divided into 4 parts:

1.Investment Experience: Investment experience in high-risk products such as Options, Structured Warrants, and Callable Bull / Bear Contract.

2.Education / qualification (Customer Qualification): whether to hold financial, investment-related qualifications or certification;

3.Work Experience: Have working experience in finance and investment related fields;

SGX Online Education Programme (SGX Online Education Programme): If users have no relevant experience and want to invest in higher-risk SIPs, they must complete the relevant courses online, pass the assessment, and submit relevant certificates in accordance with the requirements of the Singapore Exchange to trade SIPs.。

Step 9: Read and agree to all agreements and related disclosures

Read all agreements and related disclosures, such as Risk Disclosure Statement for Options and Other Derivatives Trading, Disclosure Statement of Margin Trading, and more。

Below, please agree to all agreements and related disclosures, click "Continue" to continue to the next step.。

Step 10: Verify Account

Finally, upload the electronic signature, identity and address documents, and face verification (Face Verification)。You can choose to directly open the computer camera to verify, or to scan the web page to display the QR Code, in the phone to complete the face recognition。

Make sure that the identification is clearly visible and does not reflect light when shooting. You must use the original (original) to shoot or scan。The name above must match the personal name previously filled in.。

Come to this step, on behalf of the account application has been completed。The Tiger Securities team will review your application, usually within 1 to 3 business days, and open an account。

Tiger Securities Account Opening Experience

Compared to other brokerages such as Futu Securities and Longbridge Securities, Tiger Securities has a relatively complex account opening process, which includes completing an online course prescribed by the Singapore Exchange (SGX).。This step is necessary for investors who wish to invest in financial derivatives, such as options and warrants, but who lack experience or knowledge of financial work.。

Of course, the entire account opening process is not complicated, just follow the steps below to complete。You can then choose to deposit your funds through a Singapore bank or make a wire transfer through a Malaysian bank to start an investment transaction。

If you encounter any problems during the account opening process or when using the app, please ask us questions in the message, our team will do its best to provide assistance。

Account Opening FAQ

1.How long does it take to open an account?？

According to officials, the entire account opening process usually takes 1 to 3 working days to complete。As long as the documents and information you submit are complete and meet the requirements, the audit will usually pass quickly。Based on my personal experience, I received the approved SMS notification within only 1 working day after applying to open an account。

If you haven't received the message for more than 1 week, you can click "Consult Now" on the official website of Tiger Securities, or contact customer service ([emailprotected]) for consultation via email。

2.Will the account remain valid if you do not deposit money after opening the account?？

Yes, the account will remain valid。You can choose to use the virtual account provided by Tiger Securities to experience the functions of Tiger Trade before deciding whether to trade with real funds。