Head to head
Fio banka vs Tiger Brokers — which broker is better?
Fio banka 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.
Fio banka
A privately owned Czech bank with Prague, US and XETRA access and a DIP account — but currency conversion at its own rates with no published margin.
- Stocks (per order)
- 0.35 %
- Minimum deposit
- None
- 5,000 order
- €17.50
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
- 5,000 order
- €3
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 Tiger Brokers takes it, 4.1 against 3.6 out of 5. Tiger Brokers is the cheaper of the two: a reference EUR 5,000 stock order costs €3.00 there against €17.50. Tiger Brokers scores 78 against 59 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 5. On platform and app Tiger Brokers is ahead, 4.4 against 3.5 out of 5. Which one is right depends on which of these axes matters for your trading profile.
- Fio banka
- 3.6
- Tiger Brokers
- 4.1 — Better
- Fio banka
- €17.50
- Tiger Brokers
- €3.00 — Better
- Fio banka
- 59 of 100
- Tiger Brokers
- 78 of 100
- Fio banka
- 5/14
- Tiger Brokers
- 10/14 — Better
- Fio banka
- 3.5
- 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 | Fio banka 3.6 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 | 3.6 | 4.1 — Better |
| Group index | 59 of 100 | 78 of 100 |
| Best for | Czech and Slovak residentsDIP retirement saversXETRA ETF investorsPrague Stock Exchange investorsInvestors who want a branch | 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 | CNB | MASSFCASIC |
| Top-tier licences | 0 | 3 — Better |
| Investor protection | €100,000 | US$500,000 — Better |
| Listed group | No | 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 | 1993 | 2014 |
| Headquarters | Prague, CZ | Singapore, SG |
| Fees | 3.2 | 4.0 — Better |
| Safety & regulation | 4.0 — Better | 3.9 |
| Trading platform | 3.5 | 4.3 — Better |
| Product range | 3.3 | 4.3 — Better |
| Mobile app | 3.5 | 4.4 — Better |
| Research | 3.4 | 4.0 — Better |
| Customer support | 3.8 — Better | 3.6 |
| Deposit & withdrawal | 3.5 | 4.0 — Better |
| Account opening | 3.9 | 4.3 — Better |
| Education | 3.8 — Better | 3.6 |
| Reference order EUR 5,000 | €17.50 | €3.00 — Better |
| Minimum deposit | None | None |
| Stocks (per order) | 0.35 % | 0.06 % — Better |
| US stocks | tiered | US$0.01/share |
| ETFs | tiered | 0.06 % |
| Options | Not offered | US$0.65 |
| Futures | Not offered | US$2.99 |
| Crypto | n/a | 0.05 % |
| Bonds (order) | 0.1 % — Better | 0.12 % |
| Funds (order) | Free | Free |
| EUR/USD spread | n/a | n/a |
| Index CFD spread | n/a | n/a |
| FX conversion | n/a | n/a |
| Inactivity fee | None | n/a |
| Custody fee | None | None |
| Withdrawal fee | n/a | free |
| Deposit fee | n/a | free |
| Overnight financing | n/a | n/a |
| Other fees |
|
|
| Asset classes (of 14) | 5 | 10 — Better |
| Exchanges | n/a | n/a |
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Options | No | Yes |
| Futures | No | Yes |
| Forex | No | No |
| CFDs | No | No |
| Crypto | No | Yes |
| Bonds | Yes | Yes |
| Funds | Yes | Yes |
| Commodities | No | Yes |
| Indices | No | Yes |
| Warrants | Yes | Yes |
| Spread betting | No | No |
| Social trading | No | No |
| Crypto access | no crypto | Broker, real coins; coins to your own wallet: only for certain coins |
| Platforms | e-BrokerFio Smartbroker | Tiger Trade appTiger Trade desktopTiger Open Platform (API) |
| Demo account | Yes | Yes |
| Fractional shares | No | Yes |
| Maximum leverage | No CFDs and no spot forex. Leverage comes from loans for trading (úvěr na obchodování) at a base rate of 8.50% a year in CZK, EUR and USD, with discounts that… | 1:4 |
| Account opening | Online for existing Fio clients, who add a trading account in Internetbanking or Smartbanking; new clients first open a free current account online (express with Bank iD) or at a branch with an ID card or passport, then complete the investment questionnaire | 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 | Obchodní účet (trading account)Dlouhodobý investiční produkt (DIP)Osobní makléř (personal broker) | Cash account (Singapore)Margin account (Singapore)Cash Boost Account (Singapore)Demo accountVirtual asset account (Hong Kong) |
| Payment methods | Bank transfer | Bank transferWise |
| Account currencies | CZKEURUSDGBPPLNHUF | SGDUSDHKDAUDEUR |
| Deposit time | No deposit time is published. Money reaches the trading account by bank transfer (bank code 2010); Fio current accounts in the same currencies are linked to it automatically under the newer investment framework agreement, and cash in CZK, USD or EUR can be paid in at a branch | 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 | No withdrawal time is published. Under the newer framework agreement, transfers from the trading account to your own Fio accounts can be made immediately in e-Broker and sent on from there through Internetbanking; direct transfers to other banks go only to accounts registered once at a branch as permitted accounts | 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 | CzechSlovak | EnglishChinese |
| Channels | PhoneEmailBranchTicket system | PhoneEmailLive chatWhatsApp |
| Availability | Infoline Monday to Friday 09:00–17:00 Czech time; dealing desk for clients with a telephone password Monday to Friday 08:45–22:00; branches during their opening hours; authorised messages through Fio servis in the apps | 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.
Fio banka
A privately owned Czech bank with Prague, US and XETRA access and a DIP account — but currency conversion at its own rates with no published margin.
Pros
- XETRA orders cost EUR 3.95 up to an order value of EUR 1,400 (EUR 1.98 up to EUR 500 on a DIP account), with German trading from 08:00 to 22:00
- One account for the Prague Stock Exchange, RM-SYSTÉM, NYSE, NASDAQ and XETRA, plus bonds, certificates, warrants and Fio's own funds
- Offers the Czech DIP: up to CZK 48,000 a year deductible, no fees for opening or running it and no portfolio-based fees
- Fio banka, a.s. is a Czech bank and securities dealer licensed by the ČNB according to its legal notice; cash falls under deposit insurance up to EUR 100,000 and securities under the Garanční fond (90% up to EUR 20,000)
- No minimum deposit and no safekeeping fee on listed shares and ETFs held through Fio's omnibus accounts
- Free 30-day e-Broker demo and free Škola investování seminars (89 seminars in 19 cities in 2025)
- Branches across the Czech Republic and Slovakia, and a phone dealing desk until 22:00 on weekdays
- Loans for trading in CZK, EUR and USD and short selling on the Prague Stock Exchange
Cons
- US orders cost a flat USD 7.95, or USD 9.95 above 100 shares — expensive for small US purchases
- Currency conversion runs at Fio's own rates, shown only in e-Broker; the bank's FX rate sheet sat roughly 3% either side of the reference rate on 2 November 2026, with better rates only above USD 10,000 between 09:00 and 16:30
- Dividends and other cash payments credited from instruments in Fio's own register cost 0.20% plus VAT
- We found no options, fractional shares or crypto, and futures trading has ended per Fio's Slovak price list; short selling in the US is suspended
- Serves the Czech Republic and Slovakia only as far as we could find, with support in Czech and Slovak
- Fio Smartbroker rates 3.7 on the Czech App Store and 3.5 on Google Play (2 November 2026), and Fio funds cannot yet be bought in the app
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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