Country for PR: China
Contributor: PR Newswire Asia (China)
Friday, March 11 2022 - 15:39
AsiaNet
Tiger Trade downloads triple during its Australian debut week
SYDNEY, Mar. 11, 2022 /PRNewswire-AsiaNet/--

The one-stop online investing platform Tiger Trade has more than tripled its 
downloads in Australia within its launch week. Tiger Trade has also jumped into 
the No 9 finance app spot in Google Play Australia this week, showing rapid 
growth just in few days. The digital platform made its debut last week and has 
gained traction quickly among Australian investors due to its competitive 
commissions and comprehensive features. 

Owned by the Nasdaq-listed online brokerage Tiger Brokers (TIGR), Tiger Trade 
has become the go-to investing app for many global investors. Before its entry 
into Australia, the app has seen blistering growth in Singapore and boasted 
over 200k funding customers as of Q2 2021. Globally, Tiger Brokers had about 2 
million customers accounts by September 2021.

"Tiger Trade's success can be attributed to how investors nowadays are not only 
looking for a mobile-first app that can give them access to global trading 
anywhere anytime, but also a platform with no trade-off between ease of use and 
abundance of offerings. The ability to have a different variety of stock 
selection and analytic tools, as well as chartings and free live pricing on 
your mobile is appealing," says Michael McCarthy, Chief Strategy Officer at 
Tiger Brokers Australia.

Despite an increasingly crowded marketplace in Australia, Tiger Trade's 
offerings remain unique and niched for investors of all levels of experience. 
Other than U.S., ASX and Hong Kong shares and ETFs, the platform is also one of 
the few online brokers to offer local Australians access to U.S. options. 
Currently, 90 days $0 brokerage fee^ for both U.S. and ASX shares, and free 
in-depth data are offered as a part of its launch promotions. Qualified users 
who deposit over $3000 deposit or transfer the same value are also able to 
claim free Apple shares during the promotional period.

^ Pass through fees still apply.

"We are backed by a team of experienced IT engineers and finance professionals. 
This is why we have been able to always iterate our technology to ensure we 
deliver a high-quality user experience. For instance, users may only need down 
to 5 minutes s to open an account with us. The entire customer onboarding 
process is smooth and seamless so that investors won't miss any market 
opportunities." says McCarthy.

Notably, Tiger Trade also has an in-app community function that gives investors 
a visible place to share investing opinions and tips, express themselves, 
connect with other investors and become inspired to make informed decisions. 
The feature especially attracts today's younger generation as it makes news and 
knowledge in the financial space easily accessible to them. 

"Investing sometimes can be seen as lonely. Especially when retail investors 
often don't have the same access as institutional investors when it comes to 
the same level of information and insights. This is what our online community 
aims to tackle. We believe investors regardless of background should be given 
the same opportunities to grow and democratise knowledge-sharing around the 
world, this is the key to reaching the goal."

The company actively scouts for growing user trusts in the local markets. With 
its recent partnership with the NRL club the Melbourne Storm, Tiger Brokers is 
set to reach a broader community and support an inclusive, thriving ecosystem 
in Australia.

About Tiger Brokers Australia

Tiger Brokers (AU) Pty Limited, is an ASIC regulated financial service provider 
in Australia. Headquartered in Singapore, its parent company Tiger Brokers is a 
NASDAQ listed company (TIGR) with 9 million users worldwide, backed by 
shareholders such as Interactive Brokers and noted investor Jim Rogers. 

Disclaimer:

Capital at risk. See FSG, PDS, TMD and T&Cs before trading. 

Information provided may contain general advice without taking into account 
your objectives, financial situations or needs.

Tiger Brokers (AU) Pty Limited ABN 12 007 268 386 AFSL 300767

SOURCE: Tiger Brokers Australia