Welcome to the Help Center.

Account Types

1. Margin Account

Margin Account supports margin trading and short selling (intraday leverage up to 4 times; overnight leverage up to 2 times). There is no limit on the number or frequency of T+0 trades. 

2. Cash Account

Cash Account only allows trading stocks with cash. Margin trading and short selling are unavailable. There is no limit on the number or frequency of T+0 trades. 

3. Cash Account upgrading to Margin Account

A cash account may be upgraded to a margin account.

If you are aged [21 - under 65] with a full-time job (including self-employed)], and have opened a cash account, you may choose to upgrade your cash account to a margin account depending on your needs.

Age Requirement

[under 18] may not open an account with Tiger;
[18 - under 21] and [21 - under 65 (students, interns and other unemployed individuals who are not working full-time)] may open a Cash Account;
[21 - under 65 (individuals (including self-employed individuals) working full-time] may open either a Margin Account or a Cash Account;
[65 - under 75] may open a Cash Account;
[75 and over] may not open an account with Tiger.

FAQs

  1. Can I trade on margin or do I have to trade in cash?

→  Both are available with Tiger Brokers.

1. Margin Trading (Financing): deposit in any currency, then trade in any market by financing if your Tiger Account is a Margin Account; or

2. Cash Trading (available for both Margin Account and Cash Account):
2-1. deposit NZD, AUD, USD or HKD, then trade in the corresponding market(s) using the deposited cash without financing; or
2-2. deposit NZD, AUD, USD or HKD and do the currency exchange on Tiger Trade, then trade using cash

Notes on 2-2: The settlement date of currency exchange is T+2. If you prefer that no financing interest is incurred, you may refer to the following tips based on the rules made by Exchanges:
1) Immediately after the currency exchange, using cash to trade products of which the settlement date is T+2 (e.g. US, Hong Kong, and Singapore) will be free of interest.
2) 1 trading day after the currency exchange, using cash to trade products of which the settlement date is T+1 (e.g. China A-shares, futures, and US stock options) will be free of interest.
3) 2 trading days after the currency exchange, withdrawing the cash will be free of interest.
[You may also immediately carry out the above operations, which might incur the corresponding financing interest.]

Was the documentation helpful to you?