Get Your Free Apple Share

This is an affiliate marketing post.

I'd really appreciate if readers would open an account under my referral. 

So recently Tiger Brokers dropped me an email to write about them.
I've heard about Tiger Brokers before. 
I was discussing new brokerage companies with my remiser and he mentioned that Tiger Brokers is like the new kid in town with some of the lowest fees.

So when Tiger Brokers sent me a note to write about them, I went to have a look at what they are offering. 

Not too bad a deal.

Simply put, from now til 30 Sept 2021, if you open an account and deposit S$2,000 in one lump sum, they will give you an Apple share. 
As at the time of writing, Apple share is around US$148, which equates to around S$200. 

*Please take note, the S$2,000 deposit needs to be done in one lump sum. 
As experienced by Mr15HWW, here, he didn't get a welcome bonus when he split up the initial deposit. 

So the process is as per the above. 
Download the Tiger Trade App and register an account. 
Then you'll get the Account Opening rewards when the account is approved, and you'll have to click "collect" to get the rewards.
​We're talking about the commission free trades at this point.

Then when you deposit S$2,000 as an initial deposit within the Promo period, which means 30 Sept 2021 in this case, then the free Apple Share will be added to your account in 7 business days. 
​
(According to my correspondence with them, if the deposit is made after 30 Sept 2021, then the customer will get the promo which is available depending on when the deposit is made. It could be something of lower value depending on whatever promo is running during that period. )

However, if you look at the T&C, highlighted below, you "agree" to withdraw the funds only after making 10 trades. 
I'm not sure how they are tracking this. ;)
​BUT, since "you agree" to make 10 trades, then... well, I suppose it's necessary to make 10 trades. 
​
And since there are 60 commission free trades to use, then there isn't much cost to making these 10 trades for the Apple share. 
Potentially, one could make 5 buy & sell trades and incur the bid/ask as small transaction costs to withdraw the Apple share. 
If the account holder immediately buys and immediately sells, it's possible to just lose less than a dollar per trade. 
So, it's probably still worth it, considering that the Apple share is worth around S$200. 
​​

Take note, after claiming the commission free trades, they recommend waiting for at least 10 minutes for the rewards to take effect before making a trade. 


​Now... of course the next question would be, is Tiger Brokers really worth using on a regular basis...
​If we look at it from a cost perspective, Tiger Brokers has some of the lowest rates.
Here's the cost for SG shares. 
Cost of trading other exchanges can be found here. 

Is Tiger Brokers safe? 
Well, I'd say it's safe enough. 
Tiger Brokers is listed on the Nasdaq (TIGR), and is licensed by the MAS to operate in Singapore. 


Now... 
Of course I'm still ERSG. 
And y'all know how I work around credit card promos. 
Some cards are good for the promos. Some cards are good for regular use. 
You'll have to decide what's good for short term promos and what's good for long term use. 

So similarly, recently, there has been a bunch of low commission brokerages coming into Singapore. 
Always good to take up the promo at the start and try out the services. 
Considering S$200 return on S$2,000 deposit is a 10% return. It's pretty worth it. 
Better than jumping through hoops for some credit card promos or rebates. 


Note that the promo is for the App. I'd strongly encourage following their required steps mentioned above cos based on Mr15HWW's experience, they aren't too flexible with their conditions. So might as well do one time good one to make sure the effort is worth it. 

Anyway... here's my referral link. 
Thank you in advance if you decide to sign up. 
It is much appreciated as an encouragement to my writing.

​

*The usual disclaimers.
This is a referral post. ERSG get's some form of monetary incentive for full sign up. Meaning I only get something when someone opens an account and deposits S$2,000.
Investment is risky. So know the risks before you do any trading or investments. 
This post is not intended to encourage investment into any particular stocks or products. 
ERSG will not be held responsible for any losses incurred by anyone during the course of their interaction with Tiger Brokers, examples such as, but not limited to, opening the account or during the course of opening the account or any trading losses, etc. 


Thank you.


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