2. Are the funds safe with Tiger Brokers
Investment safety is Tiger Brokers top priority. We are here to ensure your funds and assets' safety, and to provide you with tools to manage investment risks.
Strict segregation of client assets
Client assets (shares) are held in custody accounts and client funds in segregated client funds accounts, that are separated from Tiger Broker's own capital. Detailed calculation and reconciliation of client money and securities are performed on each trading day. Tiger Brokers performs due diligence on our counterparties and ensures that adequate controls are in place to monitor client funds on an ongoing basis. The custodial bank for client funds is BNZ.
Tiger Fintech (NZ) Limited (NZBN: 8187510) and Tiger Brokers (NZ) Limited (NZBN: 5838590) are both client money and property service providers under the Financial Markets Conduct Act 2013. Both entities comply with various financial service laws in New Zealand.
TFNZ complies with the custodian obligations under the Financial Markets Conduct Regulations 2014, including the appointment of an independent auditor to undertake a statutory client funds assurance report each year, a copy of which is provided to the Financial Markets Authority.
Tiger Brokers Group has subsidiaries that are licensed in Australia, the United States, Singapore and other countries. You can find detailed information about how and where Tiger Brokers is regulated globally here https://www.itigerup.com/about/license