Head to head
Avanza vs Tiger Brokers — which broker is better?
Avanza or Tiger Brokers? Fees, regulation, platform and product range compared side by side — with a verdict drawn from the data.
Risk warning: CFDs and leveraged products are complex instruments and come with a high risk of losing money rapidly. Investments can fall in value. Past performance is not an indicator of future results.
Avanza
A Swedish bank with a listed parent, a free starter class, SEK 1 minimums and built-in ISK reporting, for people who live in Sweden.
- Stocks (per order)
- tiered
- Minimum deposit
- None
- FX conversion
- 0.25 %
Risk warning: investing in securities involves risk. You may lose some or all of the capital you invest.
Tiger Brokers
A Nasdaq-listed multi-market app broker licensed in Singapore, Hong Kong and Australia, with a long product list and a regulatory record in mainland China that belongs in the decision.
- Stocks (per order)
- 0.06 %
- Minimum deposit
- None
- FX conversion
- n/a
Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.
Advertising disclosure: where a partnership is active, we may earn a commission through broker links. The provider’s terms apply. Commissions do not influence our ratings; paid placements are separately labelled as sponsored.
The verdict in numbers
Four decision axes, each derived from the recorded data.
Overall Avanza takes it, 4.2 against 4.1 out of 5. The two pricing models cannot be converted like for like; the fee rows in the table carry the detail. Avanza scores 92 against 78 out of 100 on the group index. Your account's protection depends on its legal entity. Tiger Brokers covers more ground with 10 of 14 asset classes against 9. On platform and app Tiger Brokers is ahead, 4.4 against 4.2 out of 5. Which one is right depends on which of these axes matters for your trading profile.
- Avanza
- 4.2 — Better
- Tiger Brokers
- 4.1
- Avanza
- tiered
- Tiger Brokers
- €3.00
- Avanza
- 92 of 100
- Tiger Brokers
- 78 of 100
- Avanza
- 9/14
- Tiger Brokers
- 10/14 — Better
- Avanza
- 4.2
- Tiger Brokers
- 4.4 — Better
Compare brokers side by side
Up to four brokers at once — every row a decision point.
Data as of: 02 Nov 2026
| Criterion | Avanza 4.2 Risk warning: investing in securities involves risk. You may lose some or all of the capital you invest. | Visit broker Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money. |
|---|---|---|
| Overall score | 4.2 — Better | 4.1 |
| Group index | 92 of 100 | 78 of 100 |
| Best for | Residents of SwedenISK saversFund saversSmall orders on StockholmsbörsenPension consolidation | Singapore investors using CDP, CPF or SRSMulti-market stock and options traders in Asia-PacificHong Kong residents who want stocks and crypto in one appFutures traders on CME, HKEX and SGX |
| Regulation | FIFI | MASSFCASIC |
| Top-tier licences | 2 | 3 — Better |
| Investor protection | SEK 1,150,000 | US$500,000 — Better |
| Listed group | Yes | Yes |
| Banking licence | Yes | No |
| Segregated client accounts | Yes | Yes |
| Negative balance protection | No | No |
| Audited financials | Yes | Yes |
| Disclosed regulatory actions | None | 2 |
| Founded | 1999 | 2014 |
| Headquarters | Stockholm, SE | Singapore, SG |
| Fees | 4.2 — Better | 4.0 |
| Safety & regulation | 4.7 — Better | 3.9 |
| Trading platform | 4.1 | 4.3 — Better |
| Product range | 4.1 | 4.3 — Better |
| Mobile app | 4.2 | 4.4 — Better |
| Research | 4.0 | 4.0 |
| Customer support | 3.4 | 3.6 — Better |
| Deposit & withdrawal | 4.0 | 4.0 |
| Account opening | 4.2 | 4.3 — Better |
| Education | 4.1 — Better | 3.6 |
| Reference order EUR 5,000 | tiered | €3.00 |
| Minimum deposit | None | None |
| Stocks (per order) | tiered | 0.06 % |
| US stocks | tiered | US$0.01/share |
| ETFs | tiered | 0.06 % |
| Options | tiered | US$0.65 |
| Futures | tiered | US$2.99 |
| Crypto | n/a | 0.05 % |
| Bonds (order) | tiered | 0.12 % |
| Funds (order) | Free | Free |
| EUR/USD spread | n/a | n/a |
| Index CFD spread | n/a | n/a |
| FX conversion | 0.25 % | n/a |
| Inactivity fee | n/a | n/a |
| Custody fee | None | None |
| Withdrawal fee | free | free |
| Deposit fee | free | free |
| Overnight financing | n/a | n/a |
| Other fees |
|
|
| Asset classes (of 14) | 9 | 10 — Better |
| Exchanges | n/a | n/a |
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Options | Yes | Yes |
| Futures | Yes | Yes |
| Forex | No | No |
| CFDs | No | No |
| Crypto | Yes | Yes |
| Bonds | Yes | Yes |
| Funds | Yes | Yes |
| Commodities | No | Yes |
| Indices | Yes | Yes |
| Warrants | Yes | Yes |
| Spread betting | No | No |
| Social trading | No | No |
| Crypto access | crypto derivatives only (no coins of your own) | Broker, real coins; coins to your own wallet: only for certain coins |
| Platforms | Avanza websiteAvanza appInfront Active Trader | Tiger Trade appTiger Trade desktopTiger Open Platform (API) |
| Demo account | No | Yes |
| Fractional shares | No | Yes |
| Maximum leverage | Avanza's price lists contain no CFDs and no spot forex, so there is no ESMA retail leverage cap to quote. | 1:4 |
| Account opening | About three minutes online with Swedish BankID according to Avanza, free of charge; options and short selling need separate agreements signed with BankID, and short selling first needs an approved securities credit | Fully online in the Tiger Trade app or on the website; Singpass in Singapore (accounts opened within 1–3 business days); in Hong Kong the initial deposit must come from a Hong Kong licensed bank account for verification |
| Account types | Investeringssparkonto (ISK)Aktie- och fondkontoKapitalförsäkringSparkontoIPS, pensionsförsäkring and tjänstepension | Cash account (Singapore)Margin account (Singapore)Cash Boost Account (Singapore)Demo accountVirtual asset account (Hong Kong) |
| Payment methods | Bank transfer | Bank transferWise |
| Account currencies | SEK | SGDUSDHKDAUDEUR |
| Deposit time | Direct deposit via Swish or Trustly is free and credited in real time (07:00–23:00 on Monday, Tuesday, Wednesday and Friday, 08:00–23:00 on other days); an ordinary bank transfer normally takes up to one business day | Singapore: SGD by DDA from DBS/POSB in about 5 minutes; SGD by FAST from 15 minutes during business hours; other currencies 1–2 business days; from banks outside Singapore 1–3 business days |
| Withdrawal time | Not stated in the sources we could read; withdrawals via the website are free and go only to an account registered to the customer's own personal identity number, and an express withdrawal requested before 15:00 costs SEK 499 | Singapore: review of 1–2 business days, then 1–3 business days by FAST, MEPS, FPS or telegraphic transfer |
| Free withdrawals | n/a | n/a |
| Languages | Swedish | EnglishChinese |
| Channels | PhoneTicket system | PhoneEmailLive chatWhatsApp |
| Availability | Brokerage desk for phone orders on weekdays from 08:00, until 22:00 according to Avanza's world-markets page and until 20:00 according to its Europe page; general customer-service hours were not readable on the pages we could open | Singapore: phone weekdays 08:30–18:30 SGT, online chat and WhatsApp weekdays 08:30 to 05:00 the next day. Hong Kong: phone weekdays 09:30–18:30 HKT, online chat weekdays 09:30 to 05:00 the next day |
Strengths and weaknesses side by side
Editorial assessment based on the recorded data.
Avanza
A Swedish bank with a listed parent, a free starter class, SEK 1 minimums and built-in ISK reporting, for people who live in Sweden.
Pros
- Start class: 0% courtage on Stockholmsbörsen and 100% of fund fees refunded for customers who have never had SEK 50,000 in total savings at Avanza, until SEK 50,000 or more than 500 free trades in 12 months
- Mini class from 0.25% with a SEK 1 minimum on Stockholmsbörsen and First North, and a USD 1 minimum on US shares
- Avanza Bank AB is a Swedish bank supervised by Finansinspektionen, and the parent Avanza Bank Holding AB is listed on Nasdaq Stockholm as AZA
- Two Swedish schemes: the deposit guarantee covers uninvested cash up to SEK 1,150,000 per customer and institution, the investor compensation scheme covers securities up to SEK 250,000
- SEK 0 annual, management and deposit fees on every account type in the price list, ISK, kapitalförsäkring and pensions included, and no minimum deposit
- Wide range for a domestic bank: shares in the Nordics, North America and nine further European markets online, desk orders on most other exchanges, funds without courtage, ETFs, options, futures, certificates, warrants and bonds
- Avanza calculates the ISK flat-rate income and reports it to Skatteverket, and the pre-filled K4 form costs SEK 0 since January 2026
- Free real-time prices for the Nordic markets, Nasdaq and NYSE, and US trading from 11:00 to 22:30 Swedish time
Cons
- The website and app address residents of Sweden; residents abroad cannot trade European shares online, and we found no route in from Germany, Austria or Switzerland
- Automatic currency exchange costs 0.25% in each direction, 0.5% on a round trip; the manual service at 0.125% per direction does not cover funds and, according to Avanza, cannot be added to an ISK and needs an approved securities credit on the aktie- och fondkonto
- One courtage class applies to all orders on all accounts: a SEK 10,000 order costs SEK 25 in Mini but SEK 39 in Small, SEK 69 in Medium and SEK 99 in Fast Pris
- We found no demo account and no source for fractional shares; crypto exposure is limited to exchange-traded certificates, and Avanza does not sell crypto assets directly
- Support in Swedish, by phone and by secure message in the logged-in area; we found no live chat and no email address, and general opening hours were not readable on the pages we could open
Best for
Tiger Brokers
A Nasdaq-listed multi-market app broker licensed in Singapore, Hong Kong and Australia, with a long product list and a regulatory record in mainland China that belongs in the decision.
Pros
- At Tiger Brokers Singapore, one Tiger Trade account reaches US, Hong Kong, Singapore, China A-share (Stock Connect) and Australian stocks, plus US and HK options, futures, US Treasuries and over 1,500 funds
- Low SGX pricing at Tiger Brokers Singapore: 0.03% commission plus a 0.03% platform fee (minimums SGD 0.99 and SGD 1), and the SGD 2 quarterly SGX custody fee is waived until further notice
- Licensed group companies in Singapore (MAS), Hong Kong (SFC, CE BMU940) and Australia (ASIC, AFSL 300767) under a Nasdaq-listed parent (TIGR)
- Singapore-specific features: the Cash Boost Account with CDP, CPF and SRS linkage, Singpass onboarding and no minimum deposit
- Free US Level 2 data (NYSE ArcaBook) and a free demo account with USD 1 million in virtual funds
- Auto-invest from USD 2 in US stocks and ETFs, HKD 500 in HK stocks and SGD 100 in SGX stocks, daily to monthly (SGX plans on the 1st and 15th of each month)
- Hong Kong clients can trade BTC, ETH, SOL, AVAX and LINK as retail investors under the SFC licence, with on-chain deposits and withdrawals for BTC and ETH (USDT for professional investors only)
Cons
- China's CSRC Beijing Bureau imposed penalties and confiscations of about RMB 411 million (about USD 59.7 million) on group subsidiaries on 22 May 2026, after an earlier CSRC finding of unlicensed cross-border business reported in January 2023
- US shares are not commission-free in Singapore: USD 0.005 per share commission plus USD 0.005 per share platform fee (minimums USD 0.99 and USD 1 per order) plus a USD 0.003 per share settlement fee
- The New Zealand company is registered as a client money and property service provider but states that it is not licensed by a New Zealand regulator
- Prices, products and protection differ by entity, and some advertised prices (the HK commissions for targeted participants, the US option coupon plan) are time-limited promotions or need activation
- Moving holdings out of Tiger Brokers (HK) costs USD 150 per US stock and HKD 500 per Hong Kong stock, and neither the Singapore nor the Hong Kong pages we read state what currency conversion costs
Best for
Open an account with either
A demo account costs nothing and answers the platform question in ten minutes.
Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.
Risk warning: investing in securities involves risk. You may lose some or all of the capital you invest.
Advertising disclosure: where a partnership is active, we may earn a commission through broker links. The provider’s terms apply. Commissions do not influence our ratings; paid placements are separately labelled as sponsored.
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