Online Brokerage Tiger Brokers Announces Q2 2021 Results; Singapore's Generation Z New Account Openings Up By +90% Y/Y
SINGAPORE, Sep 15, 2021 - (ACN Newswire) - Xiaomi-backed online brokerage Tiger Brokers (Singapore) Pte. Ltd. today announced that its quarterly business achieved a significant milestone as the number of account openings represented by Generation Z (18-24 yr) saw an increase of over 90 per cent compared to the same period last year.
For Singapore Generation Z investors, the purchase of stocks, futures and options have increased by at least 9-fold as compared to the same time last year, with a notable surge in the preference for stocks and options by around 14 times in terms of volume.
The Singapore business was one of the largest contributors to Group customer accounts in 2Q 2021, when over 60 per cent of all newly funded accounts were derived from international markets, and the Group added more funded accounts than in its entire cumulative operating history.
Eng Thiam Choon, Chief Executive Officer, Tiger Brokers (Singapore), said, "Generation Z, or the internet generation, can be regarded as one of the most disruptive generations ever. There is a distinct difference in how they invest and what they invest in compared to their millennial or baby boomers' peers. With better access to data and information to supplement their financial knowledge, on top of increased awareness around world issues, it is clear that the narrative for investing will no longer be how it used to be."
"At Tiger Brokers, we are constantly working to introduce relevant financial products, services and activities to keep the different types of investors engaged. Having more and more Gen Z investors on board meant that we need to provide more meaningful interactions, bite-sized content while maintaining impeccable user experience at the same time," added Eng Thiam Choon.
Tiger Brokers Singapore's parent company, UP Fintech Holding Ltd (NASDAQ: TIGR), known as Tiger Brokers, including subsidiaries and consolidated entities, reported its unaudited financial results for Q2 2021 with total revenues of US$60.2 million, a 98.7 per cent increase as compared to Q2 2020. Tiger Brokers had 1.65 million customer accounts at the end of Q2 2021, doubling customer accounts from the previous Q2; the total trading volume also increased by 118.2 per cent to US$102 billion compared to US$46.8 billion in the previous Q2.
Since launching in Singapore in February 2020, Tiger Brokers Singapore has added customer access to exchanges including the Australian Securities Exchange (ASX), providing better access to global financial markets and assets to help Singapore investors better manage their investment portfolios.
Recently, Tiger Brokers Singapore announced they had launched a business-to-business segment for financial institutions to provide clients with comprehensive technology solutions including advanced portfolio and risk management tools.
The Tiger Trade mobile application is available for download at the Apple App and Google Play Store. - Apple App Store: https://apps.apple.com/sg/app/id1023600494 - Google Play Store: https://play.google.com/store/apps/details?id=com.tigerbrokers.stock
About Tiger Brokers (Singapore) Pte Ltd.
Tiger Brokers (Singapore) Pte Ltd ("Tiger Brokers (Singapore)") is a brokerage firm operating with a Capital Markets Services (CMS) Licence from the Monetary Authority of Singapore (MAS). Its trading platform, Tiger Trade - available on both online and mobile app (Apple App Store and Google Play Store) offers complimentary real-time stock quotes, dedicated multilingual customer service during trading hours and 24/7 finance news updates. Its online and mobile app trading platform, Tiger Trade, offers complimentary real-time stock quotes, dedicated multilingual customer service during trading hours and 24/7 finance news updates.
Through Tiger Trade, Tiger Brokers (Singapore) offers retail investors in Singapore access to six global exchanges in the US (NYSE, NASDAQ), China (Shanghai/Shenzhen-Hong Kong Stock Connect), Hong Kong (HKEX), Singapore (SGX) and Australia (ASX), with access to investment offerings such as Equities, Exchange-Traded Funds (ETFs), Futures, Stock Options, Warrants, Callable Bull/Bear Contracts (CBBCs), Daily Leveraged Certificates (DLCs), and US-listed over the counter (OTC) equities, and Fund Mall.
Tiger Brokers (Singapore) is the Singapore entity of UP Fintech Holding Limited (NASDAQ: TIGR), known as "Tiger Brokers" in Asia, a leading online brokerage firm focusing on global investors. Founded in 2014, Tiger Brokers became #1 in the U.S. equity trading by volume among trading platforms catered to Global Chinese investors in less than two years. Tiger Brokers was awarded "2017 Fintech 250" by CB Insights and shortlisted for "China Leading Fintech 50" for two years in a row by KPMG China. The company was listed on NASDAQ under "TIGR" in 2019 and has offices in China, United States, Australia, New Zealand and Singapore. Tiger Brokers currently has over 1.4 million customers worldwide, with total trading volume exceeding USD123.8 billion in Q1 2021. The company is backed by well-known investors such as Xiaomi, as well as investment guru Jim Rogers. For more information, please visit https://www.tigerbrokers.com.sg
About UP Fintech Holding Limited
UP Fintech Holding Limited is a leading online brokerage firm focusing on global investors. The Company's proprietary mobile and online trading platform enables investors to trade in equities and other financial instruments on multiple exchanges around the world. The Company offers innovative products and services as well as a superior user experience to customers through its "mobile-first" strategy, which enables it to better serve and retain current customers as well as attract new ones. The Company offers customers comprehensive brokerage and value-added services, including trade order placement and execution, margin financing, IPO subscription, ESOP management, investor education, community discussion and customer support. The Company's proprietary infrastructure and advanced technology are able to support trades across multiple currencies, multiple markets, multiple products, multiple execution venues and multiple clearinghouses. For more information on the Company, please visit: https://ir.itiger.com.
For media enquiries, please contact: PRecious Communications for Tiger Brokers (Singapore) Email: Tiger@preciouscomms.com
This advertisement has not been reviewed by the Monetary Authority of Singapore. Any views shared with Prospective Clients ("Prospects") are suggestive in nature and on a sample basis only. This may also be predicated on assumptions that are made by Tiger Brokers (Singapore) Pte Ltd about the Prospects' investment objectives and risk profile. Our suggestive and sample views extended to Prospects are not to be considered as recommendations made by the Company. Suggestions provided are also based on information that may be shared by the Prospects, the accuracy and comprehensiveness of which Tiger Brokers in not in a position to verify.
Tiger Brokers (Singapore) Pte Ltd (herein "Tiger Brokers") may, to the extent permitted by law, participate or invest in other transactions with the issuer of the products referred to herein, perform services or solicit business from such issuers, and/or have a position or effect transactions in the securities or options thereof. The information herein is for recipient's information only and not an offer to sell or a solicitation to buy. Any date or price information is indicative only and may be changed without prior notice. All opinions expressed and facts referred to herein are subject to change without notice. The information herein was obtained and derived from sources that we believe are reliable, but while reasonable care has been taken to ensure that stated facts are accurate and opinions are fair and reasonable, Tiger Brokers does not represent that it is accurate or complete and it should not be relied upon as such. The information expressed herein is current and does not constitute an offer, recommendation or solicitation, nor does it constitute any prediction of likely future stock performance. Investment involves risk. The price of investment instruments can and do fluctuate, and any individual instrument may experience upward or downward movements, and under certain circumstances may even become valueless. Past performance is not a guarantee of future results. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of any person or affiliated companies. Before making an investment decision, you should speak to a financial adviser to consider whether this information is appropriate to your needs, objectives and circumstances. Tiger Brokers assumes no fiduciary responsibility or liability for any consequences financial or otherwise arising from trading in securities if opinions and information in this document may be relied upon.
Source: Tiger Brokers (Singapore) Pte Ltd Sectors: Exchanges & Software, Daily Finance, Funds & Equities, Blockchain Technology, Local Biz
Copyright ©2025 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
Latest Release
 Mitsubishi Power Receives Contract for Large-Scale GTCC Project with 2,800 MW Total Output for Taiwan's Tung Hsiao Power Plant Sep 05, 2025 21:47 JST
|  Hitachi announces historic $1 billion USD manufacturing investment to power America's energy future through production of critical grid infrastructure Sep 05, 2025 21:00 JST
|  NEC participates in Locked Shields 2025 hosted by the NATO Cooperative Cyber Defence Centre of Excellence Sep 05, 2025 11:20 JST
|  TANAKA Announces Executive Appointment Sep 05, 2025 03:00 JST
|  Honda to Begin Sales of All-new Prelude Sep 04, 2025 13:20 JST
|  Signing of Agreement with Yamaguchi Prefecture and Iwakuni City to Construct Module Pack Plant of Automotive Cylindrical Lithium-Ion Batteries Sep 04, 2025 11:54 JST
|  NEC to begin proof of concept for early earthquake detection and analysis in Colombia Sep 04, 2025 11:15 JST
|  Eisai to Present Latest Data on Lemborexant and Novel Orexin Receptor Agonist E2086 at The World Sleep 2025 Sep 04, 2025 10:56 JST
|  Honda Premieres a New Color Option for Four Large-size Outboard Motors at HISWA In-Water Boat Show 2025 in the Netherlands Sep 03, 2025 23:50 JST
|  Toyota Joins TOKYO H2 Project Aiming to Make Tokyo a Global Leader in Hydrogen Sep 03, 2025 22:39 JST
|  Honda Running Team Member, Nagiya Mori, Selected to Represent Japan in World Athletics Championships Tokyo 25 (WCH Tokyo 25) Men's 5000m Event Sep 03, 2025 12:30 JST
|  Eisai Initiated Rolling Supplemental Biologics License Application to the U.S. FDA for LEQEMBI(R) IQLIK(TM) (lecanemab-irmb) as a Subcutaneous Starting Dose for the Treatment of Early Alzheimer's Disease Under Fast Track Status Sep 03, 2025 11:32 JST
|  Anime Tokyo Station: TV Anime "SPY x FAMILY" Special Exhibition, Period: August 16 - November 9, 2025 Sep 03, 2025 11:00 JST
|  Fujitsu, 1Finity and Arrcus sign strategic partnership agreement to deliver innovative network solutions for AI infrastructure Sep 03, 2025 10:58 JST
|  Mitsubishi Corporation Invests in Commonwealth Fusion Systems, a US Fusion Energy Start-up from MIT Sep 02, 2025 12:50 JST
|  Hitachi has been certified as a Gold Partner of Scaled Agile, Inc., the provider of the large-scale agile framework "SAFe(R)" Sep 02, 2025 11:50 JST
| ABVC BioPharma Receives $450,000 in Licensing Payments from OncoX BioPharma in Q3 2025 Sep 01, 2025 22:28 JST
|  DENSO Signs Agreement to Transfer Part of Its Ceramic Product Business Sep 01, 2025 20:52 JST
|  Honda to Provide Official Vehicles for World Athletics Championships Tokyo 25 as Official Global Partner Sep 01, 2025 13:50 JST
|  FDA Approves LEQEMBI(R) IQLIK(TM) (lecanemab-irmb) Subcutaneous Injection for Maintenance Dosing for the Treatment of Early Alzheimer's Disease Sep 01, 2025 13:44 JST
|
More Latest Release >>
|