Open Interest - It is the total number of outstanding option contracts that have not been settled for... View details →
MARGIN TRADING 1) WHAT IS MARGIN TRADING 2) WHAT IS THE DIFFERENCE BETWEEN A CASH ACCOUNT AND A MARGIN... ACCOUNT 3) PROS AND CONS OF USING A MARGIN ACCOUNT 4) IMPORTANT TIPS BEFORE USING A MARGIN ACCOUNT... 5) WHAT HAPPENS IF I INVEST WITHOUT EXCHANGING THE CURRENCY ON A MARGIN ACCOUNT 6) WHEN DO I PAY... INTEREST ON A MARGIN ACCOUNT 7) CAN I TRADE ON MARGIN, OR DO I NEED TO TRADE ON CASH 8) HOW DO I... DOWNGRADE FROM A MARGIN ACCOUNT TO A CASH ACCOUNT 9) HOW DO I UPGRADE FROM A CASH TO A MARGIN ACCOUNT... View details →
MY DEPOSIT TO BE PROCESSED POLI DEPOSITS Your NZD deposit will be available in your Tiger Trade account... immediately, given you have verified your bank account otherwise it will take one working day to process... NZD deposit will be processed in one working day however, we may get in contact with you if your bank account... View details →
4) WHY AM I NOT ABLE TO SHORT-SELL Short selling is only available to investors who have a margin account... You need to upgrade your account type from the cash account to the margin account first.... If you are already a margin account, please contact us at clientservices@tigerbrokers.nz and we will... View details →
CAN I REOPEN MY CLOSED TIGER BROKERS ACCOUNT Yes, Tiger Brokers always welcome you back.... View details →
5) WHAT HAPPENS IF I INVEST WITHOUT EXCHANGING THE CURRENCY ON A MARGIN ACCOUNT You can trade on overseas... markets without exchanging your NZD to USD in a margin account.... However, a margin loan is created to fund the purchase, secured by the assets in your account and you... Refer to the FAQ on Pros and Cons on Margin account to understand how a Margin account works.... View details →
3) CAN I DEPOSIT FROM MY JOINT BANK ACCOUNT Yes, you can deposit funds from your Joint bank account.... View details →
4) CAN I MAKE A PAYMENT FROM AN OVERSEAS BANK ACCOUNT No, we only accept deposits from New Zealand registered... bank account's.... View details →
Excess liquidity(EL) indicates the potential liquidation risk of the account.... When it is lower than 0, the account will be force liquidated.... – Overnight MM Forced liquidations are conducted with market orders and any/all positions in your account... Under the futures account, Some contracts differ in the initial margin charged intraday and overnight... Under the futures account, Some contracts have different maintenance margins required during the day... View details →
MARGIN TRADING (FINANCING) A Margin Account allows you to borrow money against the value of the securities... in your account.... Margin Accounts allow margin trading and short selling.... Please note, you may be charged interest if you are trading through margin account.... AND CASH ACCOUNT) You can trade in any market without margin financing by depositing sufficient cash... View details →
CAN INVEST 2) WHAT REFERENCE SHOULD I USE TO TRANSFER FUNDS 3) CAN I DEPOSIT FROM MY JOINT BANK ACCOUNT... 4) CAN I MAKE A PAYMENT FROM AN OVERSEAS BANK ACCOUNT 5) HOW LONG IT WILL TAKE FOR MY DEPOSIT TO... View details →
Buying Power is the maximum value of new securities that may be purchased on the account.... Under the margin account , the maximum buying power is 4x the available funds, assuming a security has... View details →
HOW TO EXCHANGE CURRENCY BEFORE INVESTING Yes, if you have a cash account, you will need to exchange... currency into the currency of the stock you are buying before you trade, e.g. if you hold NZD in your account... If you have a margin account, you have the option to trade without exchanging the currency, but you will... View details →
Starting from 1 December 2022, TFNZ will cease to accept orders to open positions on US PTP securities... View details →
interest * Accrued dividends refer to cash or stock dividends that have not yet been paid to the account... It is usually deducted from the account within the first week of the following month.... Total value of securities is the sum of the total market value of securities held within the account... View details →
Leverage is an important indicator for the degree of risk in an account.... The maximum leverage allowed in a margin account is 4x. Note 2.... View details →
T+0 trading left indicates the number of day trades that may be executed in a margin account during the... Tiger Prime Account can conduct T+0 transactions without restrictions.... View details →
If you fail to maintain sufficient margin in your account, forced liquidation will occur whereby the... The investor must have a margin account and is charged interest for borrowing the stock that they are... View details →
DO YOU AUTOMATICALLY EXCHANGE NZD TO USD * The Tiger Trade app is a multi-currency account.... You’re able to hold multiple currencies in your account - USD, NZD, AUD, HKD, CNH, SGD, EUR, JPY and... View details →
WHAT ARE THE REQUIREMENTS TO TRADE OPTIONS To trade options, please ensure you are using the margin account... View details →