The top 10 most-traded Nasdaq/NYSE stocks in Singapore consist of six of the “Magnificent Seven” stocks, with Tesla emerging as the most popular, followed by Apple, Nvidia, Google, Microsoft and Amazon. Nio Inc and Alibaba are also popular stocks among Singaporean traders, as are Palantir Technologies and AMD.
According to Tiger Brokers, the company now has 10 million users globally. Since setting up its HQ in Singapore in 2020, Singaporeans traders now represent the largest share of the group’s total funded clients.
Over half of monthly trading clients hail from Singapore, making it the most active region, surpassing Hong Kong, the US, Australia and New Zealand. Tiger Brokers has seen a compound annual growth rate of 539% in local account openings since entering the Singapore market, with one-third of Singaporean residents having used Tiger Trade. Tiger Brokers was the first among local fintech brokers to reach a milestone of one million users.
In terms of Singaporean users on Tiger Brokers, over three in five (64%) are male, and under two in five (36%) are female. The majority of traders are Millennials aged 28 to 37, which make up two in five (39%) of users, followed by Gen Zs aged 18 to 27 (24%), and Gen X-ers aged 38-47 (20%). Baby Boomers aged 48 to 57 comprise one in 10 (11%) of its users, and those aged 58 comprise around 6%.
The introduction of the Tiger BOSS Debit Card earlier this year was an example of how Tiger products cater to different ages, says the online brokerage.
When it comes to the time of day users are most active, Singaporean traders and investors are busiest in the late afternoon, with a quarter (25%) logging into the platform. This is followed closely by early afternoon and late morning (both 22%) and early morning (16%). The least popular time of day is at noon (15%).
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On July 12, Tiger Brokers celebrated its 10th year anniversary at Cloud 9 Piazza, Jewel. Over 200 attendees were treated to a light show, Tiger Brokers-themed cocktails, “Tygo” customisable avatars and more. Also in attendance was Wu Tianhua, founder and CEO of Tiger Brokers; Ian Leong, CEO of Tiger Brokers Singapore; and Soros Fund Management co-founder and famed American investor Jim Rogers.
In his keynote address, Wu said: “Today, investing and trading have transformed significantly. In the past, investors filled out trades on paper forms; now, technology has revolutionised this process. At Tiger Brokers, we embrace advanced technology to simplify investing for modern investors, attracting a younger demographic and driving future growth in trading.”
