Moomoo vs Tiger Brokers: 100% Honest Comparison Of The Best Brokerage in Singapore
Last Updated on 11 months ago by Antony C.
Moomoo and Tiger Brokers are both known for their low commission fees and are some of the most popular online brokerage platform in Singapore, which allows investors to invest locally in the Singapore market and internationally.
While Tiger Brokers and Moomoo are both similar in many ways, each has unique features that make one better for different investors.
Here’s a closer look at each of the best online trading App to help you decide which one is right for you.
Moomoo vs Tiger Brokers At a Glance
- Moomoo Singapore is the best online broker for general investors and traders looking for the cheapest way to invest in both local (SG) and international markets (US, HK, and China).
- Tiger Brokers Singapore is a good low-cost online brokerage firm for active traders and intermediate to advanced investors looking to invest in Australia and China Markets, however, the fee structure for Tiger Brokers is much more complicated.
- Moomoo and Tiger Brokers are two of the top investment App that offers some of the lowest fees to invest in Singapore, US, and HK.
- Both online trading platforms offer Cash Management Account (CMA), winning the tiger isn’t easy, however, Moomoo is a better choice if you intend to open a CMA, as it offers higher interest returns.
- Moomoo is the better choice for general investors, and Tiger Brokers is a better choice for traders who want diverse exposure to multiple markets worldwide.
Moomoo vs Tiger Brokers Singapore Overview
What is Moomoo Singapore?
Minimum investment: $0
Stock/ETF Commission Fees: $0 for US, 0.03% for SG, HK
Options Fees: $0.65 Per Contract
Markets: United States, Hong Kong, China, Singapore
Suitable For: Beginner and Experience investors looking to invest in both locally and internationally.
Moomoo is a wholly-owned subsidiary of Futu Holdings Ltd. Officially launched in 2020.
Backed by the Monetary Authority of Singapore (MAS), Moomoo Financial Singapore Pte. Ltd. holds a Capital Markets Services Licence (Licence No. CMS101000) holder with an Exempt Financial Adviser Status.
Like Tiger Brokers, Moomoo is an online broker that offers one of the lowest commissions and platform fees, helping small investors and traders to increase their investment returns.
- Moomoo is the first global digital brokerage in Singapore that is also an SGX Group member with full membership across securities and derivatives markets.
- Today, Moomoo SG lets you gain access to Singapore, the U.S., and Hong Kong/ China (H-Share) stock markets.
Moomoo is trusted by over 3 million registered clients and is named as the Top Broker for Stock Futures & Options and Weekly Index Options.
What is Tiger Brokers Singapore?
Best For International Market
Minimum investment: $0
Stock/ETF Commission Fees: 0.05% for US, 0.06% for SG, HK, CN, 0.10% for AUS
Markets: SG, US, HK, CN, AUS
Suitable For: Intermediate and Experienced Traders and Investors Looking to Invest In Australia.
Tiger Brokers was founded in 2014 and is supported by a prestigious group of shareholders, including Interactive Brokers, Xiaomi, ZhenFund, and noted investor Jim Rogers.
Regulated by Monetary Authority of Singapore (MAS), Tiger Brokers (Singapore) Pte. Ltd. is a licensed online broker to operate in Singapore.
- Tiger Broker is based in the United States, offering a low-fee option for investors and traders.
- Today, Tiger Broker has access to Singapore, U.S. Hong Kong, China, and Australia stock markets.
Like Moomoo, Tiger Brokers has over 2 million account holders who use it to trade and invest.
Personally, I have been actively using Moomoo Singapore and have also opened an account on the Tiger Broker online trading App. While I like using the Moomoo Trading App, I am always in search of the best online brokerage platform, and Tiger Broker shows great potential. This will be an honest review as an user of both platforms, where I look at how Moomoo Singapore and Tiger Broker perform according to the most important criteria as an investor who invests in both local and international markets.
Moomoo vs Tiger Brokers Key Features
Comparing the best of the best online trading platforms in Singapore, making a Tiger Brokers vs Moomoo comparison is never easy.
Both offer low brokerage fees and trading fees in the market, while providing an amazing user experience for investors like us.
As online brokerages that are regulated by the Monetary Authority of Singapore (MAS) holding Capital Markets Services License, both online brokerage offers SingPass registration making the account opening process seamless.
Regardless, if you open an account with Tiger Brokers or Moomoo, these online brokerage company offers easy access to global trading using desktop and mobile trading apps
Either Moomoo or Tiger Brokers can be a good choice to start your investing journey. Here are some features summarized for you.
| Key Features | Moomoo | Tiger Brokers |
|---|---|---|
| Minimum investment/ balance | $0.00 | $0.00 |
| Asset classes | Stocks Options/ Futures ETFs Crypto | Stocks Options/ Futures ETFs |
| Account types available | Brokerage Account Margin Account Paper Trading Account Cash Management Account | Brokerage Account Margin Account Paper Trading Account Cash Management Account |
| Markets | Singapore United States Hong Kong China (H-Share) | Singapore United States Hong Kong China (A-Share) Australia |
| Features | Lifetime $0 Commission-Free Trading (US) Low-Fees Trading (SG, HK, China) Paper Trading 38+ Chart Drawing Tools 63+ Technical Indicators Real-Time Market Data (Free Level 2 Quotes) Real-Time Market News Screener (Stocks) Announcement/News Calendar Investing Community | Low-Fees Trading (SG, US, HK, China, AUS) Paper Trading 6+ Chart Drawing Tools 27+ Technical Indicators Real-Time Market Data (Free Level 2 Quotes) Real-Time Market News (Free Level 2 Quotes) Announcement/News Calendar Investing Community Fractional Shares |
| Platform | Mobile Trading App (iOS, Android) Desktop Trading Platforms | Mobile Trading App (iOS, Android) Desktop Trading App |
| Best for… | People who want invest in multiple internal and local stock market and access to free Level 2 market data | People who want to do fractional shares and trade internationally over 5 countries. |
| Exclusive Promotion | Visit Moomoo To Claim Free Stocks + Cashbacks | Visit Tiger Brokers |
Note: Data are consolidated, checked for accuracy and ensure outmost reliability by the Author through hours of research into each of the brokerage platforms, the author aims to provide the most accurate data by following strictly according to our editorial guidelines but always do your own due diligence before investing.
Moomoo SG vs Tiger Brokers: Unique Features
Both stock trading Apps have their own unique features that make them the best online brokerage for different types of investors and traders in Singapore. Here are some features that make them special and deserve mentioning.
What Makes Moomoo Singapore Investing Platform Special?
Moomoo’s unique features include:
- Lifetime $0 Commission: $0 commission for the United States stock market. Moomoo is currently the best low cost trading App if you are looking to invest in the US market.
- Low Overall Commissions and Fees: With a simple fee structure, Moomoo, offers one of the lowest fees for investing in Singapore, United States and Hong Kong.
- Advance Charting And Technical Indicator: Moomoo offers the most range of advance charting and technical indicators for experience traders.
- Real-Time Quotes: Free level 2 market data providing real-time quotes for the US, Singapore, and Hongkong stock market.
- Cash Management Account: Moomoo Cash Plus is the highest interest rate cash management account that offers up to 5% interest rate for your uninvested cash.
Moomoo’s features make it a top choice for investors and traders who want a platform where you can use to trade and invest for the long term.
Simple fee structure and wide range of professional tools, Moomoo is one of the best online brokerage platforms for both beginners and experienced investors alike.
- Claim up to S$1,200* worth of Free Stocks + Trading Option Gifts + Exclusive Bonus.
- Earn a return on idle cash with Moomoo Cash Plus
- Low commission fee for SG & HK stocks, ETFs & options.
- Lifetime $0 commission free* for US stocks.
Moomoo Promo: Low Commission + Free Stock
What Makes Tiger Brokers Singapore Investing Platform Special?
Tiger Brokers’ unique features include:
- Access to China & Australia: One of the few online brokers that offers investors and traders access to the China and Australia’s market.
- Low Commissions and Fees: Offers some of the lowest trading commission fees.
- Fractional Share: Tiger Brokers’ platform offers fractional share investing when you invest in the United States stock market.
On top of a cash management account called the Tiger Vault where investors get to gain a return on your uninvested cash.
Tiger Brokers’ most unique feature is the access to China and Australia markets, making it a good choice for traders looking to trade in multiple markets worldwide.
- Claim Free stocks when sign up a new account with our link.
- Low commission fee to trade US, HK, SG stocks, ETFs, mutual funds and options.
Promo: Low Commission + Free Stock
Moomoo vs Tiger Brokers: Available Investment Products
Moomoo and Tiger Brokers offer a wide range of investment products not offered by traditional brokerage firms.
Both offer low cost investing in stocks, ETFs, and options, while Tiger Brokers also offers traders to trade futures, and Moomoo offers the option for investors to buy and sell Cryptocurrency on the platform.
| Investment Products | Moomoo | Tiger Brokers |
|---|---|---|
| Stocks | Yes | Yes |
| Options | Yes | Yes |
| Futures | No | Yes |
| ETFs | Yes | Yes |
| Mutual Funds | No | No |
| Crypto Currency | Yes | No |
Moomoo vs Tiger Brokers: Market
Moomoo and Tiger Brokers offer trading access to both locally in Singapore and multiple international markets such as the United States and Hong Kong markets.
Tiger Brokers offers investors to invest in a total of 5 different markets: Singapore, the United States, Hong Kong, China, and Australia.
Moomoo SG, on the other hand, offers investors 3 markets to invest in: Singapore, the United States, and Hong Kong/China (H-Share).
| Markets | Moomoo | Tiger Brokers |
|---|---|---|
| Singapore Stock Exchange (SGX) | Yes | No |
| United States Stock Exchange (NYSE/ NASDAQ) | Yes | Yes |
| Hong Kong Stock Exchange (HKEX) | Yes | Yes |
| HKEX (China H-Share) | Yes | Yes |
| Australia Stock Exchange | No | Yes |
Moomoo vs Tiger Brokers: Account Types
Moomoo and Tiger Brokers offer investors a variety of account types for different forms of investment: brokerage account, margin account, cash management account, and paper trading account.
If you are looking to trade options/futures, both offer the ability to perform these forms of advanced trades. However, Tiger Brokers only offers a list of basic charting tools and technical indicators, while Moomoo offers a huge range of advanced charting tools and technical indicators for free.
The availability of these advanced tools makes Moomoo a better match to the account types it offers for the investors to trade efficiently.
| Account | Moomoo | Tiger Brokers |
|---|---|---|
| Brokerage (Stocks) | Yes | Yes |
| Brokerage (Options/ Futures) | Yes | Yes |
| Margin | Yes | Yes |
| Cash Management | Yes, Moomoo Cashplus | Yes, Tiger Vault |
| Paper Trading | Yes, Moomoo Paper Trading | Yes, Tiger Paper Trading |
| Robo-Advisor | No | No |
| Auto-Invest | Yes, Moomoo Auto Invest Plan | Yes, Tiger Auto-Invest |
| Credit Card | No | No |
Moomoo vs Tiger Brokers: Fees
Moomoo and Tiger Brokers are arguably two of the best online brokerage platforms to buy or sell stocks and securities with the lowest platform and commission fees.
- Investing in the Singapore market shows a similar fee structure for both of the platforms, but buying and selling stock in Singapore with Tiger Brokers will require you to pay a custodian fee of $2 per quarter, making Moomoo a far better choice.
- Tiger Brokers charges low fees when investing in the Hong Kong market, and has the option to invest in China and Australia.
- Moomoo charges $0 commission and an overall lower fees when trading in the United States market, making it the perfect option if you primarily invest in the US market.
Depending on which market you choose to invest the fees vary. Regardless, both Moomoo SG and Tiger Brokers offer very low fees to start investing.
Local Stock Market Trading Fees
| Singapore Market (SGX) | Moomoo SG | Tiger Brokers |
|---|---|---|
| Commission Fee | 0.03% transaction amount. Min. S$0.99 per order | 0.03% trade value. Min. S$0.99 per order |
| Platform Fee | 0.03% transaction amount. Min. S$0.99 per order | 0.03% trade value. Min. S$1 per order |
| Custodian Fee | No Custodian Fees | S$2.00 per quarter |
Singapore Market: Moomoo does not require paying custodian fees when investing in the Singapore market.
International Stock Market Trading Fees
| US Market | Moomoo SG | Tiger Brokers |
|---|---|---|
| Commission Fee | US$0 for Lifetime | US$0.005 per share. Min US$0.99 per order |
| Platform Fee | US$0.99 per order | US$0.005 per share. Min. US$1 per order |
| Custodian Fee | US$0.01 to $0.05 per share | US$0.01 to $0.05 per share |
| Fractional shares | N.A | 1% of trade value if less than one share; standard US trading fees if more than one share |
US Market: Moomoo offers US$0 commission, making investing in the US very low cost, while Tiger Brokers offers fractional shares.
| Hong Kong Market (HKEX) | Moomoo SG | Tiger Brokers |
|---|---|---|
| Commission Fee | 0.03% of the investment amount or HK$3, whichever is higher | 0.03% trade value. Min. HK$7 per order |
| Platform Fee | HK$15 per order | 0.03% trade value. Min. HK$8 per order |
HK and China H-Share Market: Both Moomoo and Tiger Brokers offer similar fee structures, but Tiger Brokers is overall cheaper when investing in the Hong Kong market.
| China Market (A-Share) | Moomoo SG | Tiger Brokers |
|---|---|---|
| Commission Fee | *N.A H-Share available through HKEX | 0.03% trade value. Min. CNH7 per order |
| Platform Fee | *N.A H-Share available through HKEX | 0.03% trade value. Min. CNH8 per order |
*China A-Share was removed, Initially, it was a commission fee of 0.03% of trade value. Min. CNH3 per order and platform fee at CNH15 per Order
China A-Share Market: Tiger Brokers offers buying of China A-Share, while Moomoo offers buying of China H-Share through HKEX.
| Australia Market (ASX) | Moomoo SG | Tiger Brokers |
|---|---|---|
| Commission Fee | N.A | 0.03% trade value. Min. AUS$2 per order |
| Platform Fee | N.A | 0.07% trade value. Min. AUS$6 per order |
Australia Market: Tiger Brokers offers the buying of ASX-listed stocks, where most brokers don’t.
Note: Data are consolidated, checked for accuracy, and ensured utmost reliability by the Author through hours of research into each of the brokerage platforms. The author aims to provide the most accurate data by following strictly according to our editorial guidelines but always do your own due diligence before investing. Fees are subject to change by the brokerage provider; do check with the brokers for the latest updates on the fees.
Moomoo vs Tiger Brokers: Which Is Better For Investors?
Tiger Brokers and Moomoo both offer a low-cost solution to investing and trading on the go using a Mobile App or on a desktop.
- Both offer options for investors to invest locally in Singapore
- Both offer investors to trade stocks in the international market (US and HK) as well.
In terms of brokerage fees, Moomoo and Tiger Brokers are currently among the lowest in the market, but still, there are certain situations where you may want to choose one over another.
Why Choose Moomoo?
Moomoo is the best easy-to-use online broker that any beginner can start investing, while providing the most comprehensive investing tools for professional traders to perform trades on the go.
You may want to consider using Moomoo if you:
- Invest primarily in the Singapore local market and the United States stock market.
- All-in-one online trading platform that you can basically do almost every form of investing (Stocks, Crypto, Options, Futures, ETFs, CMA, etc.) in the same place.
- Lowest fee brokerage platform that offers every feature you will need as you grow and become more experienced as an investor a trader.
Moomoo is suitable for:
- Beginner investor or new investor who has just started investing, and would like to invest for the long term.
- Experienced investors who are looking for a trading App that offers advanced charting and technical indicators.
- General traders who do trading on a regular basis.
- Claim up to S$1,200* worth of Free Stocks + Trading Option Gifts + Exclusive Bonus.
- Earn a return on idle cash with Moomoo Cash Plus
- Low commission fee for SG & HK stocks, ETFs & options.
- Lifetime $0 commission free* for US stocks.
Moomoo Promo: Low Commission + Free Stock
Why Choose Tiger Brokers?
Tiger Brokers is the most diverse online trading platform that offers investors the ability to invest in many stock exchanges worldwide at low fees.
You may want to consider using Tiger Brokers if you:
- Invest primarily in the Hong Kong or China market.
- Option to invest in the Australia market is not common, and if you are interested in the Australia market, this might be a good choice.
- Low brokerage fee online trading App that offers some basic features for a new trader and investor.
Tiger Brokers is suitable for:
- Investors who wants to invest in China and Australia listed stocks.
- Beginner investors or new investor who just wants the basics.
- Traders who do not need to use other advance charting and technical indicators tools.
- Claim Free stocks when sign up a new account with our link.
- Low commission fee to trade US, HK, SG stocks, ETFs, mutual funds and options.
Promo: Low Commission + Free Stock
Moomoo vs Tiger Brokers Singapore: Which Will I, as a Lazy Investor Choose?
Choosing between Moomoo and Tiger Brokers is a tough one. Compared to Moomoo, Tiger Brokers offers the opportunity to invest in additional markets such as Australia.
However, the fees charged for Tiger Broker is more complex compared to Moomoo.
- Fee charged for Tiger Broker is sometimes “Per Share”, sometimes “Per Traded Value” which can be confusing.
Either Tiger Brokers or Moomoo will be a great option if you are investing in the United States and Hong Kong stock market.
Considering all the different factors and my personal investing needs, I will go with Moomoo as my preferred online brokerage of choice. My reason is as follows:
- Moomoo offers a low fees when investing in Singapore, US, and HK stocks, which are where I primarily do my investing.
- Since I don’t really invest in Australia listed stock, and I can still invest in China H-Shares through HKEX the edge which Tiger Brokers offers don’t really applies to me.
- While I generally use fundamental analysis when investing, Moomoo offers a whole list of Technical Indicators which can be helpful at times.
As an investor myself, I think Moomoo gives a really good user experience while giving small investors like me all the tools and features I need to make an informed investment decision.
BEST FOR: Beginner Retail Investors and Professional Traders Looking For All-In-One Trading App to Invest in SG, US, HK and China.
securely through Moomoo’s website
Whether you are trying to win with the tiger or rise with the bulls, both are great options to choose from.
Check out the links below to look at the exclusive deals when you sign up with either of the platforms.
- I am a beginner or experienced investor looking for an easy-to-use, all-in-one trading App to learn how to trade and invest for the long-term.
- I am a looking for a diversified option where I can trade and invest in multiple markets on the same platform.
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Antony C. is a Singaporean dividend investor focused on building passive income through REITs, ETFs, and Dividend Stocks. With 15+ years of experience investing in Singapore, Hong Kong, and China markets, he founded IncomeBuddies.com to share practical wealth-building strategies tested in his own portfolio since 2008. His expertise has been featured in Yahoo Finance, Nasdaq, and NFAA, and he’s the published book author of "Start Small, Dream Big".