Tiger Brokers

Margin trading allows investors to use funds or securities in their securities accounts as collateral to borrow more funds from brokers to purchase securities. Investors will then repay the principal and any interest charged during the borrowing period.

After opening or upgrading to a Margin Account, you can conduct margin trading through the Tiger Trade app and enjoy up to 400% leverage. e.g, for a $100 share, you can buy up to $400 of shares.

Tiger Brokers supports both cash and margin trading.

• Margin Trading (Financing)
  A Margin Account lets you borrow against your portfolio in any currency to trade or short sell, with up to 400% leverage and no intraday restrictions. Financing interest applies, and rates vary by market. Please refer to the applicable rates. Not all stocks are eligible for margin financing or short selling. Please visit the eligible securities list.
• Cash Trading
  For cash trading, you need sufficient funds in AUD, USD or HKD; currency conversion takes 2 business days to settle and may incur interest.

You can avoid or reduce financial interest in three ways.

1. 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).
2. 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.
3. You can delay your withdrawal of exchanged cash for two days until settlement.

Once you open a margin account, you can borrow funds from Tiger Brokers to purchase shares, and you'll pay interest on the amount you borrow. Tiger Brokers uses your existing portfolio as collateral, or combine your own cash with the funds we lend you, to provide the margin loan.

Margin lending involves the use of gearing. While it can magnify your investment gains, it also increases the potential risks. If you fail to meet your repayment obligations, your securities may be sold to repay the loan.

You can trade on overseas markets without exchanging your AUD to USD in a margin account. However, a margin loan is created to fund the purchase, secured by the assets in your account and you will be charged interest as a result. For more information on the financing interest rates please go to the financing interest rates page.

You should closely monitor margin requirements at all times, particularly for positions denominated in foreign currencies due to fluctuation in the AUD and the value of the underlying position, which can cause a margin deficit.

Search for a stock in the Tiger Trade app. The margin loan rate on any share can be viewed by searching for the company you want to trade and then clicking on the icon next to the share price.

Click to view details.

A margin call occurs when your equity in the margin account falls below the broker's required minimum. It is a demand from the broker to deposit additional funds or securities into your account to bring it back up to the required maintenance level.