23-05-2022, 08:21 PM
![](https://i.imgur.com/CLvY2jA.png")
S’porean lost S$15,000 after unexpected high transaction fees using Tiger Brokers
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23-05-2022, 10:26 PM
This is ridiculous. 
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
23-05-2022, 10:32 PM
This moron trades the penny of the penny stock. $0.0001 stock buying 5 millions shares = $5000 
Transaction fees is $15000
Transaction fees is $15000
23-05-2022, 10:40 PM
This Tiger broker is quite dubious. I opened an account with them previously because they offered to give a free US stock (exact counter depends on lucky draw). I got a free stock that was worth ~US$40 and sold it off once the moratorium was lifted. Subsequently made a few trades before finally deciding to cash out everything and close the account as I find the app to be poorly designed and not as user friendly compared to competitors.
To my surprise the US$40 couldn't be cashed out of the brokerage account, it seems like there were a lot fine print conditions that had to be met before the money is truly released. The exact timeline and terms were also not clearly communicated. In the end I couldn't be bothered and closed the account without the US$40, I don't appreciate their sneaky tactics and don't want to have anything to do with them.
To my surprise the US$40 couldn't be cashed out of the brokerage account, it seems like there were a lot fine print conditions that had to be met before the money is truly released. The exact timeline and terms were also not clearly communicated. In the end I couldn't be bothered and closed the account without the US$40, I don't appreciate their sneaky tactics and don't want to have anything to do with them.
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