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Risk Disclosure

Disclosure of Risks of Margin Trading
Risk Disclosure Statement For Forex and Multi-Currency Accounts
Day Trading Risk Disclosure Statement
After-Hours Trading Risk Disclosure
Additional Risk Disclosure for Futures
Portfolio Margin Disclosure
Risk Disclosure Statement for Options and Other Derivative Trading
Penny Stock Trading Risk Disclosure

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service@tigerbrokers.com

All investments carry risks. For any stock or other financial product, historical data does not guarantee future performance or return. While portfolio diversification can help mitigate such risks, it does not ensure that you will profit or prevent you from incurring losses during market downturns. Investing in stocks and other financial products carries the risk of loss. Investors should evaluate their investment goals and their risk tolerance before they invest.

Please read through our Risk Disclosure and Terms and Conditions before investing.

Options involve risk and are not suitable for all investors. Before investing in options, read the "Characteristics and Risks of Standardized Options". For a copy visit http://www.theocc.com/about/publications/character-risks.jsp. Before trading, clients must read the relevant risk disclosure statements on our Warnings and Disclosures page - https://www.itiger.com/agreement/9. Trading on margin is only for sophisticated investors with high risk tolerance. You may lose more than your initial investment.

Licensed/Regulated Entities

US TIGER SECURITIES, INC.
is a registered brokerage firm at SEC(CRD: 120583；SEC: 8-65324) and NFA (0328552), a member of FINRA／SIPC and regulated by the US Securities and Exchange Commission.

MARSCO INVESTMENT CORPORATION
is a registered brokerage firm at SEC(CRD: 18483；SEC: 8-36754),a member of FINRA／SIPC and a member of DTC/NSCC, regulated by the US Securities and Exchange Commission and Financial Industry Regulatory Authority.

WEALTHN LLC
DBA UP Fintech Asset Management is the asset management arm of Tiger Brokers, an U.S. Registered Investment Advisor with SEC and CTA/CPO with NFA. CRD number 285915; NFA ID: 0509491.

TIGER BROKERS (SINGAPORE) PTE. LTD.
is a Capital Market Services Licensee（CMS100844）and regulated by the Monetary Authority of Singapore.

TIGER BROKERS (NZ) LIMITED (TBNZ)
TBNZ is a New Zealand registered financial service provider. FSP number FSP473106.
TBNZ (ARBN 623 547 446) is also an Australian Financial Services Licensee (License No: 505213) regulated by the Australian Securities & Investments Commission (ASIC).