Opening an account with Tiger Brokers Singapore is a straightforward process, but there are a few important details to keep in mind to ensure your application goes smoothly. Whether you’re a first-time investor or an experienced trader, being aware of the steps and document requirements will help expedite your registration. Below, they highlight key points to consider during the account opening process.
- Use MyInfo for a Faster Account Opening
If you’re a Singaporean citizen or Permanent Resident with a SingPass account, you can choose to open an account with MyInfo for a faster and more streamlined registration process. This option makes the account opening process more convenient, as it auto-fills much of your personal information based on your government records.
Key Benefits of Using MyInfo:
Speed: The process is quick, as your personal details are automatically pulled from government databases.
No Need to Upload Documents (for NRIC Holders): If you are an NRIC holder, you won’t need to upload an ID or proof of residential address. Tiger Brokers will automatically verify this information through MyInfo.
Simplified Process: Using MyInfo reduces the number of steps required, allowing for a quicker and easier application.
For work pass holders, the process is still efficient. While you won’t need to upload your ID, you will need to provide proof of your residential address during the account opening.
- Manually Filling Out Your Information
If you prefer not to use MyInfo, you can manually fill out the required information during the account opening process. This means you will need to upload additional documentation to verify your identity and residential address.
Documents Required When Not Using MyInfo:
Identity Document: You’ll need to upload a clear scan of your ID (such as your passport, national ID, or driver’s license) for identity verification.
Proof of Residential Address: A recent document (within the last 3 months) that verifies your residential address is required. This could include utility bills, bank statements, or a lease agreement.
This manual process may take slightly longer, as you will need to upload the necessary documents for verification. However, it still ensures a smooth account setup.
Summary of Key Points:
For SingPass users, choose “Open an account with MyInfo” for a faster and more efficient account opening process.
NRIC holders: No need to upload an ID or proof of residential address.
Work pass holders: You do not need to upload an ID, but you must provide proof of residential address.
For non-SingPass users or those opting not to use MyInfo, you will need to manually upload the following:
An identity document (Passport, National ID, or Driver’s License).
Proof of residential address (Utility bill, Bank statement, or Lease agreement).
Conclusion
Opening an account with Tiger Brokers Singapore is a simple process, but it’s important to select the right method and ensure you have the necessary documents ready. If you use MyInfo, the process will be quicker and easier, but if you choose to fill in the information manually, make sure you have your identity document and proof of residential address at hand. Once your account is successfully opened, you’ll be able to start trading across global markets with ease.
Tiger Brokers makes it easy for investors in Singapore to access global markets, and understanding the documentation requirements will help you get started on the right foot.
