Hong Kong-based online brokerage Tiger Brokers (Tiger Brokers Hong Kong) has announced it will expand cryptocurrency trading services to retail investors, building on its existing offering for professional investors. The platform currently provides access to 16 cryptocurrency assets under its Hong Kong regulatory license.
Key Service Features
- Transaction Fees: 0.2% commission per trade with no custody fees
- Regulatory Status: Upgraded license permissions to serve retail clients
- Accessibility: Previously limited to professional investors meeting stringent capital requirements
Professional Investor Requirements (Prior Policy)
Eligible users needed to:
- Be Hong Kong residents with an investment portfolio exceeding HKD 8 million OR
- Represent legal entities with assets over HKD 40 million
Complete the following steps:
- Submit professional investor documentation via the Tiger Trade APP
- Pass the SFC-mandated investor education module
- Sign compliance agreements
Market Context
This move positions Tiger Brokers as a competitor to platforms like eToro in the Hong Kong market, offering regulated cryptocurrency access to mainstream investors.
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Risk Disclosure
Cryptocurrency investment carries substantial risk due to extreme price volatility. Investors may lose their entire capital and should carefully evaluate their risk tolerance.
Frequently Asked Questions
What cryptocurrencies will be available to retail investors?
While the professional investor service offers 16 assets, the retail product lineup hasn't been formally announced. Expect major coins like Bitcoin and Ethereum initially.
When will retail services launch?
The company has stated this is pending final regulatory approvals. No firm timeline has been published.
How does Tiger Brokers' fee structure compare?
At 0.2% with no custody fees, it's competitive with most licensed exchanges but higher than some decentralized platforms.
What safeguards are in place for retail investors?
The brokerage will implement:
- Mandatory risk disclosures
- Investor education requirements
- Transaction monitoring per Hong Kong regulations