Tiger Brokers or Degiro – which is better for UK traders 2024? Compare Tiger Brokers and Degiro in this detailed breakdown of their platforms, features and fees.
Founded in 2014, Tiger Brokers is a stocks and securities broker based in China, offering 350+ products on a proprietary trading terminal. The broker is regulated by the Monetary Authority of Singapore (MAS) among others, and is listed on NASDAQ. As of 2021, the broker has 2 million account holders with an annual trading volume of $404.3+ billion.
Degiro has closed or no longer accepts UK clients.
DEGIRO is a Netherlands-headquartered broker with millions of users and authorization from leading regulators, including the BaFin and FCA. Clients can access global exchanges anytime, anywhere, and on any device. DEGIRO offers stock trading with exceptionally low fees and a huge range of markets. DEGIRO are not CFD brokers and do not offer CFDs.
Investing involves risk of loss
Pros
I’m satisfied with the brokers strong industry reputation, with multiple awards, custodian backing (including from Interactive Brokers and DBS bank), and its appointed listing on the NASDAQ
I think Tiger Brokers competes well with similar brands when it comes to market coverage, with an excellent range of stocks and funds from US and Pacific exchanges
I appreciate that there’s no minimum deposit to get started on the powerful trading terminal, which is accessible via a stable desktop app or mobile device
I also appreciate that the broker supports fee-free deposits via bank wire and Wise, in a range of currencies including HKD, USD, AUD and EUR
I feel relatively safe registering with this broker since it holds reputable licenses with multiple bodies including the SEC, FINRA and MAS
There’s a free demo account available for those who want to browse the platform’s features before committing real funds
I found several customer service options, including a live chat, telephone number, WhatsApp and email
Low minimum deposit
Multiple account currencies
Commission-free stock trading
Access 50 exchanges in 30 countries
Beginner-friendly platform and app
Regulated by BaFin and FCA
No inactivity fee
90+ global awards
2+ million users
Cons
I think some traders may feel restricted by the single proprietary platform offering, with no access to popular third-party stock trading terminals like MetaTrader 4
Compared to traditional brokers, there’s limited account funding methods which may be a drawback for traders used to depositing via e-wallets
Compared to some other brokers, I think the range of educational resources and market analysis tools is lacking a little
I’m a little disappointed that there’s no EMEA market access which would serve a wider cohort of investors
No copy trading
No demo account
No MT4 integration
No CFD trading
Few payment methods
Awards
Best Online Broker - Qualebroker 2022 (Italy)
Best Broker For ETFs And Investment Funds - Qualebroker 2022 (Italy)
Best Discount Broker - Broker Chooser 2022 (UK)
Best Broker For Stock Trading - Broker Chooser 2022 (UK)
