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Tiger Brokers is one of the only platforms in New Zealand to offer US and Hong Kong stock options and Futures as well as giving New Zealanders the opportunity to trade in Australian, Singapore and China A-shares.
Despite sharemarket volatility in recent years, with disruptions caused by the worldwide coronavirus pandemic and now the current uncertainty in Russia, global investment is still as important as it has ever been. With different countries having their own distinct factors influencing their sharemarkets, investing globally across many countries remains an important strategy for New Zealand investors.
Stockbroking sites and apps have become well known for many Kiwis. We’re aware that investing is a great way to build our financial future but dipping our toes into the sharemarket waters can still be daunting, especially for those who are just starting out.
However, things just became a lot easier, with the introduction of a new and unique platform to the New Zealand market. Tiger Brokers, a NASDAQ listed global company, with its corresponding app, Tiger Trade, has more than 9 millions users globally. As well as giving New Zealanders the opportunity to trade in Australian, Singapore and China A-shares, Tiger Brokers is one of the only platforms in New Zealand to offer US and Hong Kong stock options and Futures.
Tiger Brokers aims to give Kiwis the tools and understanding needed to successfully navigate the stock market and make wise investments.
“New Zealand investors tell us that they love Tiger Trade’s in-depth live market data and instant news feed available free on the app when doing due diligence on the Companies they want to buy. Company fundamental information such as revenue and profitability as well as live graphs of the stocks they are buying also allows them to analyse companies and the markets in more informative ways,” says Greg Boland, CEO of Tiger Fintech (NZ) Ltd.
“Investors are given little room for growth on many platforms and while easy market access is crucial most investors need much more. This is where we differentiate. We offer a variety of powerful tools, functions and order types as well as real-time portfolio monitoring and valuation which allows our investors to become independent, self-directed and confident investors.”
Boland says one of the most difficult things for new investors is simply trying to figure out how to get started, how to place orders and what to do. For that reason, Tiger Brokers offers a paper trading account that simulates an actual account, to let traders practice buying and selling.
“It’s a virtual account,” explains Boland. “You have a normal account, but you can also just click a button to switch to the paper trading account. Within that account, you start off with one hundred thousand US dollars, which is a substantial sum.
“Then you can learn by test trades, maybe buy some Apple or some Tesla shares or whatever you like and just work out your own appetite for risk. Figure out why you lost five or ten per cent and feel how much that hurt. You need to find out what it feels like to win and to lose, because it’s not always a winning game.”
Another difference Tiger Brokers offers is an online community, as part of the app. Users can join a target community and share views with other investors about particular shares, discuss what they like about the app or learn more about certain features.
“Investors within the Tiger community can share their views, share their ideas and share the knowledge they have, which often is superb knowledge,” says Boland. People gain a greater understanding of what to do and learn from each other, in the same way as people do in gaming chatrooms. The whole idea of learning from each other through investing is very important.”
Boland says the comprehensive broker app is for all levels of experience, from novices through to experienced investors.
“Knowledge is power,” he says, “and that’s what Tiger Brokers is aiming to do, to empower people to be the best traders they can be. The more tools they have, the more success they should have.”
With this in mind, Tiger Brokers has included a range of useful mechanisms within the trading app, giving investors access to in-depth market data and fundamental analytical tools.
“This app is for investors who want to have more markets and more opportunities,” says Boland. “You can have powerful tools on your smartphone or laptop or PC so you can work smarter, rather than harder.”
To learn more about Tiger Brokers and the Tiger Trade app, go to tigerbrokers.nz or search for the Tiger Trade app on any smartphone.
Read More: Global investing remains key strategy for Kiwis despite sharemarket volatility