You can trade in both cash and on margin with Tiger Brokers.
Margin Trading (Financing)
A Margin Account allows you to borrow money against the value of the securities in your account. You can make deposits in any currency and then trade in any security through financing. Margin Accounts allow margin trading and short selling. There is no T+0 trading frequency limit (leverage: up to 400%).
Please note, you may be charged interest if you are trading through a margin account. The interest rates charged by Tiger Brokers for different stock markets can be viewed on the link below:
https://www.itiger.com/au/hans/commissions/fees/financing_interest_rates
Not all stocks can be used for margin financing and securities lending. Click on https://www.itiger.com/au/hans/margin/financing to view the stocks available for mortgage financing or short selling.
Cash Trading (available for both Margin Account and Cash Account)
You can trade in any market without margin financing by depositing sufficient cash into your Tiger Trade app in the corresponding currency of the security - AUD, USD, or HKD. To make this easy, you can exchange between currencies in your Tiger Trade app.
Note that currency exchanges take two business days to settle once you’ve made the request so they may incur financing interest charges. You can avoid or reduce financial interest in three ways.
You can trade interest-free using cash immediately after the currency exchange if the product’s settlement date is also in two working days (for example, Hong Kong stocks).
If the product’s settlement date is one business day, you can still trade interest-free for the other one business day after your request. This is the case for China A-shares, US stocks and US stock options.
You can delay your withdrawal of exchanged cash for two days until settlement.