Abstract：Contemplating trading via Tiger Brokers, a Hong Kong-based forex broker? Be aware that the brokerage firm was recently fined $100 million or more by the Chinese Securities Regulatory Commission (CSRC) for illegal activities. The news broke on June 8, 2026.
While we will discuss this incident separately, the brokerage firm is not free from user allegations on issues concerning deposits, withdrawals and customer support service. On most customer service parameters (deposit safety & trading), Tiger Brokers is found to be ranking lower.
In this Tiger Brokers review, we have investigated the brokerage firm, its trade offerings, recent regulatory action, a plethora of user allegations, and its regulatory background. Let’s start investigating.
Contemplating trading via Tiger Brokers, a Hong Kong-based forex broker? Be aware that the brokerage firm was recently fined $100 million or more by the Chinese Securities Regulatory Commission (CSRC) for illegal activities. The news broke on June 8, 2026.
While we will discuss this incident separately, the brokerage firm is not free from user allegations on issues concerning deposits, withdrawals and customer support service. On most customer service parameters (deposit safety & trading), Tiger Brokers is found to be ranking lower.
In this Tiger Brokers review, we have investigated the brokerage firm, its trade offerings, recent regulatory action, a plethora of user allegations, and its regulatory background. Lets start investigating.
Contents
Tiger Brokers Review 2026: Multiple Entities, Products & Services
Tiger Brokers claims to be a Nasdaq-listed company with subsidiaries that allow more than 10 million users and 2.4 million account holders to access capital markets globally. Established in 2014, it became the fastest growing online brokerage enterprise for Gen z and millennials.
The company claims to have as many as eight regulated entities.
TIGER BROKERS (HK) GLOBAL LIMITED
- Region - Hong Kong
- License Number - BMU940
- Regulator - Securities and Futures Commission of Hong Kong
US TIGER SECURITIES, INC
- Region - United States of America
- License Number - (No: 8-65324 )
- Regulator - The U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA)
TIGER BROKERS (AU) PTY LIMITED
- Region - Australia
- License Number - 300767
- Regulator - The Australian Securities & Investments Commission (ASIC) and the Australian Financial Services (AFSL)
TIGER BROKERS (NZ) LIMITED (TBNZ)
- Region - New Zealand
- License Number - NZCN: 5838590
- Regulator - Financial Markets Conduct (FMC)
TIGER FINTECH (NZ) LIMITED (TFNZ)
- Region - New Zealand
- License Number - 8187510
- Regulator - Financial Markets Conduct (FMC)
TRADEUP SECURITIES, INC.
- Region - US
- License Number - No.: 8-36754 and CRD: 18483
- Regulator - The U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA)
TIGER BROKERS (SINGAPORE) PTE. LTD.
- Region - Singapore
- License Number - Not Mentioned; It notified a registration number - 201810449W.
- Regulator - Monetary Authority of Singapore
WEALTHN LLC
- Region - US
- License Number - (No.:-801-114105)
- Regulator - The U.S. Securities and Exchange Commission (SEC)
But Does TIGER BROKERS Have Eight Regulated Entities?
TIGER BROKERS has only four verified entities under its name, half the number of regulations advertised by the broker. The WikiFX findings found two forex licenses and two other security licenses for TIGER BROKERS.
Forex Licenses for TIGER BROKERS
First
- Entity Name - Tiger Brokers (HK) Global Limited
- License Number - BMU940
- Regulator - Securities and Futures Commission of Hong Kong
Second
- Entity Name - Tiger Brokers (HK) Global Limited
- License Number - BMU940
- Regulator - Securities and Futures Commission of Hong Kong
Other Security Licenses for TIGER BROKERS
First
- Entity Name - US TIGER SECURITIES INC.
- License Number - 0328552
- Regulator - National Futures Association
Second
- Entity Name - TIGER BROKERS (NZ) LIMITED
- License Number - 473106
- Regulator - Financial Service Providers Register
Where Can You Invest Through TIGER BROKERS?
- HK Stocks
- US Stocks
- China - A - Shares
- US Fractional Shares
- US Options
- US Treasury
- Tiger Vault
Concerns Mount with No Account-Specific Information
TIGER BROKERS does not seem to provide any account-related information on its website. One can not even detect the account types offered by the brokerage firm, let alone key details such as the minimum deposit required, minimum spread, maximum leverage, etc. The lack of all these mount transparency concerns.
A $100 Fine on TIGER BROKERS for Illegal Trading Activities Hurt Brand Reputation
In an explosive development, the China Securities Regulatory Commission (CSRC) penalized TIGER BROKERS New Zealand unit for over $100 million, equivalent to USD 60 million, in lieu of illegal cross-border securities activities.
The recent first-quarter report released by TIGER BROKERS hinted at its provision for paying this fine. According to news reports, this became the largest-ever penalty against a New Zealand firm, leading to an underlying loss of USD 26.9 million in the first quarter.
A couple of more brokers alongside TIGER BROKERS were fined as they failed to comply with the Chinese legislation last month, prohibiting brokers of other regions from opening the accounts of investors here.
According to the regulator, the limit for capital outflow from China was fixed at $50,000 a year since 2016.
TIGER BROKERS generated most of its business from its China-based clients, whereas related business Tiger Fintech served clients in New Zealand.
Top User Allegations Against TIGER BROKERS: Weeks of Unprocessed Deposits, Account Set Up Delay & Reward Discrepancies
Hanging Platform, Payment Confirmed, But No Reflection on TIGER BROKERS Login, a User Claimed
An Australian user, a couple of months ago, reportedly faced a miserable trading experience on the TIGER BROKERS login dashboard. Elaborating on the issue, the trader highlighted the constant inaccessibility of the brokers trading platform that led to a deposit failure during the trading session. But what? The trader pointed out that his bank confirmed the payment receipt from the brokerage firm. Funds out, payment confirmed, yet no reflection on the dashboard. Expressing frustration over this trading incident, the user did not hesitate to share the TIGER BROKERS review.
Two Weeks of Unprocessed Deposits on TIGER BROKERS Platform
A Vietnamese user came out with an even more alarming deposit failure complaint, claiming that TIGER BROKERS failed to process the deposits made by him for two weeks. The user was reportedly left on his own because of unhelpful AI chat bots and no answers to numerous emails. The user was heard asking the brokerage firm to refund him in this TIGER BROKERS review.
Waited Weeks for My Money: TIGER BROKERS User Reports Service and Withdrawal Frustrations
This is a similar complaint to the above, but with more layers to it, demanding a dedicated section.
A customer from New Zealand expressed strong dissatisfaction with TIGER BROKERS, alleging prolonged deposit processing times, repeated account reviews, and poor customer service. According to the complaint, deposits reportedly took weeks rather than days to arrive, while verification procedures allegedly delayed access to funds and trading opportunities. The user further claimed that customer support was difficult to reach, often requiring lengthy international calls to a Singapore-based number.
The user stated that repeated review requests prevented timely trading and withdrawals, resulting in missed market opportunities. The customer estimated total losses of nearly NZ$1,200, citing deposit fees, currency conversion costs, and approximately NZ$295 in international calling charges incurred while attempting to resolve the issues. These allegations reflect the individual customer's experience and have not been independently verified.
Read the entire TIGER BROKERS review below.
Deposited $350, But the Account Showed Just $60
Another New Zealand-based trader complained about the deposit discrepancy faced by him a couple of years ago. The trader admitted to having deposited $350. However, as the trading account showed just $60, the user inquired with the broker team, only to be told there was a margin trade placed by him, resulting in $170 in red. This made the user infuriated, making him share this bad review of TIGER BROKERS.
Lured with Fake Promotion & Referral Rewards That Did not Work, Said a Stock Trader
A user from Thailand claimed that TIGER BROKERS offered him fake promotion and referral rewards that did not work when buying stocks through the platform. The user also expressed strong reservations about keeping a high commission.
Late Sale Credit Proceeds to the Trading Account
An Australian user complained about a massive delay over funds to be credited to the account following sales transactions. Following this delay, it would take another couple of days to hit the account, the trader alleged while sharing this TIGER BROKERS review.
Chatbot-related Issues
Several traders, including those from Spain and France, took strong exception to the reportedly incompetent chatbot services. A French user found it difficult to send a bill sought by TIGER BROKERS for verification. The chatbot assistant lost patience as the user struggled to do so within 10 minutes and disconnected, according to the complaint.
In another case, a Spanish user failed to set up his trading account with repeated facial recognition errors despite being in perfect lighting conditions. And with the ChatBot‘s inability to understand the user’s query, the sentiment obviously became negative.
Below are multiple user complaints regarding TIGER BROKERS chatbot services.
The Final Summary: Is TIGER BROKERS Worth Your Priceless Capital, or Should You Look Elsewhere?
A large number of user complaints concerning deposit failure and account verification, coupled with the recent fine of USD 100 million for failing to comply with the Chinese regulations, have understandably gone against the brokerage firms reputation. The broker was even found to have fewer regulated entities than shown on its website. Factoring in all these, the broker received a not-so-high, not-so-low score of 7.28 out of 10.
The WikiFX team divided the brokers score in several parameters shown below.
The score against each of the parameters remains reasonably good. While the TIGER BROKERS regulation stands out as its biggest highlight, with licenses from credible authorities such as the ASIC and SEC.
Also, not a single broker is free of user allegations; while it has negative reviews as pointed out above, it has also gained positive reviews for its impressive trade order execution speed and seamless app interface.
Our recommendation would be to either avoid investing through TIGER BROKERS platform or do a minimal investment to test its efficacy. If it proves impressive, you can raise your investments to earn more through this platform.
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While the XPO scam was a massive incident, there has not been a shortage of these incidents. The Internet is flooded with stories concerning forex scams of this nature. In this article, we take a close look at several such scams.
News
2026-06-11
Further Reading
Exposure Report: Account Restriction and Withdrawal Denial Allegations
