Tiger Brokers marks 10th anniversary with over 10M users globally

In June, Tiger Brokers celebrates its 10th anniversary. The company launched its flagship trading platform, Tiger Trade, a decade ago, revolutionizing the brokerage industry with innovative technology. Tiger Brokers went public on Nasdaq in 2019 and expanded internationally, starting with Singapore in 2020. By Q1 2024, Tiger Brokers had over 10 million global users, 2.25 million account holders, and saw customer assets grow 104% year-on-year to an all-time high of US$32.9 billion. In 2023, client trading volume reached US$294.2 billion.

Key Milestones

Wu Tianhua, founder and CEO of Tiger Brokers, stated: "Over the past decade, Tiger has focused on three key areas.

First, we expanded markets. Starting from Singapore, we have entered the US, Australia, and New Zealand, offering one-stop global investment services. These markets now account for over three-quarters of total customer assets and more than half of the company's revenue. Singapore is the largest market for both new and existing customers. Secondly, we expanded products. Investors can now invest in global stocks, ETFs, options, futures, US Treasuries, structured notes, and funds—all with a single account. The integrated investment experience of Tiger Trade, combining market data, news, social education, trading, and wealth management, has become our unique competitive edge, helping us to maintain a high customer retention rate of 98%. Thirdly, we expanded business lines. Starting with retail brokerage, Tiger Brokers' business matrix now includes wealth management, institutional brokerage, investment banking, and corporate services. These areas complement the brokerage business, creating a positive cycle. We will continue to leverage technology to enhance customer experience and financial service efficiency, delivering greater value to our clients."

Innovative Offerings Driving Growth

Tiger Brokers updates its services bi-weekly to meet user needs. A notable recent enhancement is the introduction of 24-hour trading for over 500 U.S. stocks and ETFs. This feature is particularly beneficial for investors in the Asia-Pacific region, such as Australia, New Zealand, and Singapore, as it allows them to integrate investing seamlessly with their daily routines. For options traders, Tiger has bolstered its derivatives trading capabilities with tools like an options screener, multi-leg options strategies, and options rolling, further solidifying its leadership in the derivatives market.

In a pioneering move, Tiger introduced TigerGPT in Q2 of the previous year, the industry's first AI investment assistant that marries ChatGPT technology with financial data. This innovative tool aids investors in swiftly analyzing market dynamics and financial reports. By simulating a variety of market scenarios, TigerGPT helps users identify potential risks and forge more resilient investment strategies. Since its launch, TigerGPT has supported over 400,000 interactions, with more than 10,000 weekly engagements, demonstrating its significant impact and utility.

Expanding Wealth Management Services

Tiger Brokers' wealth management offerings cater to various risk preferences and goals. Since 2020, the platform has included money market funds, bond funds, and ETFs, with top products achieving annual returns over 7%. The "Tiger Vault" cash management tool has gained popularity for its low threshold, stable returns, and flexibility, especially during interest rate hikes. As of Q1, its AUM grew by 191% year-over-year, with user numbers doubling. The introduction of U.S. Treasuries and structured notes has further diversified asset allocation options, with Treasury trading customers nearly doubling and AUM growing more than sixfold QoQ.