Free $10 (New Sign Ups); 1 Starbucks Share with $1999 Min. Deposit (or $500 Deposit for Chance to Win SB Share) @ Tiger Brokers

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kiwical on 23/03/2022 - 07:41 tigerbrokers.nz (153 clicks)
Last edited 23/03/2022 - 09:49 by 1 other user

This is another player in the online trading platform. Here to compete with Sharesies and Hatch

Apparently they have been around for a while but will be ramping up the advertising and promos, so there could be more deals coming from the other 2 as well.

From what I can see you get a NZ$10 voucher (to use in buying shares) for signing up. And a free single Starbucks share when you make a deposit. Starbucks is trading at US$88 at the time of this post. The qualifying deposit amount is NZ$500 minimum. You can also get the free share by transferring stocks you already have into tiger of a value of at least $500. You also get another free share by random lucky draw. There are some big names in here like Tesla, Apple etc with values up to $US900.. However the T&C's say the average value of the free share drawn is usually less than US$40.

At the moment access to AUS USA HK sharemarkets. The HK link means you can also get into other Asian shares. They tried for access to NZX previously but didn't make it. They may try again in the future.

I haven't dug deep into the T&C's to see if the good old sign up and make a deposit then cancel your membership will allow you to retain your starbucks share.

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  Slogan on 23/03/2022 - 08:18

  +1

  Here are the T&Cs for this deal:
  https://www.itigergrowth.com/activity/forapp/rules/?id=welco…
  There is a missing hyperlink in section 3.2 (it just says "<hyperlink>"), which doesn't fill me with confidence.

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  phillq on 23/03/2022 - 09:16

  I think I saw a FB ad saying if you transfer from a competitor, you get $100 credit, did anyone else see this?

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  phillq on 23/03/2022 - 09:21

  Compare Tiger with Sharesies and Hatch

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  SpiltMilk on 23/03/2022 - 09:27

  +3

  OK, couple of things to note from the terms of the promotion (thanks for linking, @Slogan):

  • from my read of the terms, a deposit between $500 and $1999 only gets you an entry into the lucky draw - and not the guaranteed free Starbucks share;
  • to receive the Starbucks share, you need to deposit over $1999;
  • you need to do some further trading to take out the proceeds of the free shares ("Clients will only be able to withdraw the proceeds generated from the sale of the share earned after they successfully complete a minimum of five trades in which the price of a single share is greater than 1 USD.")
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    phillq on 23/03/2022 - 10:12

    Oh bloddy hell they make it hard.

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      SpiltMilk on 23/03/2022 - 10:13

      I'm not sure it's hard - it just means you need to stake a bit more, which obviously comes with some risk. If you would already have had the $ in something risky anyway, seems like it's probably worthwhile on expectation.

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  aih-lun on 23/03/2022 - 10:38

  Does Tiger Brokers allow day trading?

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  dopedcat on 23/03/2022 - 10:42

  this thing is awful 🤦‍♂️

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  fdkflanelkfnw on 23/03/2022 - 15:49

  if you actually want the cheapest broker nothing compares at any investment amount to https://www.interactivebrokers.com/

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  nzmax on 20/04/2022 - 03:30

  Did anyone else not get their free $10 credit?