Head to head
Thndr vs Tiger Brokers — which broker is better?
Thndr 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.
Thndr
Egypt's app-first broker for EGX shares, local funds and gold, with US and Abu Dhabi stocks through a second, ADGM-licensed company.
- Stocks (per order)
- EGP 2 + 0.1 %
- Minimum deposit
- None
- 5,000 order
- €5.03
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 3.5 out of 5. Tiger Brokers is the cheaper of the two: a reference EUR 5,000 stock order costs €3.00 there against €5.03. Tiger Brokers scores 78 against 47 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 3. On platform and app Tiger Brokers is ahead, 4.4 against 3.8 out of 5. Which one is right depends on which of these axes matters for your trading profile.
- Thndr
- 3.5
- Tiger Brokers
- 4.1 — Better
- Thndr
- €5.03
- Tiger Brokers
- €3.00 — Better
- Thndr
- 47 of 100
- Tiger Brokers
- 78 of 100
- Thndr
- 3/14
- Tiger Brokers
- 10/14 — Better
- Thndr
- 3.8
- 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 | Thndr 3.5 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 | 3.5 | 4.1 — Better |
| Group index | 47 of 100 | 78 of 100 |
| Best for | Egyptian residents investing on the EGXSmall, regular investors in Egyptian fundsInvestors who want gold in gram amountsEgyptians adding US shares in one app | 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 | FSRAFRAFRA | MASSFCASIC |
| Top-tier licences | 0 | 3 — Better |
| Investor protection | n/a | US$500,000 |
| Listed group | No | Yes |
| Banking licence | No | No |
| Segregated client accounts | Yes | Yes |
| Negative balance protection | No | No |
| Audited financials | Yes | Yes |
| Disclosed regulatory actions | None | 2 |
| Founded | 2020 | 2014 |
| Headquarters | Cairo, EG | Singapore, SG |
| Fees | 3.8 | 4.0 — Better |
| Safety & regulation | 3.2 | 3.9 — Better |
| Trading platform | 3.5 | 4.3 — Better |
| Product range | 3.0 | 4.3 — Better |
| Mobile app | 4.0 | 4.4 — Better |
| Research | 3.2 | 4.0 — Better |
| Customer support | 2.8 | 3.6 — Better |
| Deposit & withdrawal | 3.8 | 4.0 — Better |
| Account opening | 4.3 | 4.3 |
| Education | 3.6 | 3.6 |
| Reference order EUR 5,000 | €5.03 | €3.00 — Better |
| Minimum deposit | None | None |
| Stocks (per order) | EGP 2 + 0.1 % | 0.06 % — Better |
| US stocks | US$0.20 + 0.1 % | US$0.01/share — Better |
| ETFs | EGP 2 + 0.1 % | 0.06 % — Better |
| Options | Not offered | US$0.65 |
| Futures | Not offered | US$2.99 |
| Crypto | n/a | 0.05 % |
| Bonds (order) | n/a | 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 | n/a | n/a |
| Custody fee | 0.01 % p.a. | None — Better |
| Withdrawal fee | EGP 2.50 | free — Better |
| Deposit fee | Thndr states no fee of its own for InstaPay or CIB cash deposits; for Egyptian bank transfers the top-up guide lists only the sending bank's own fees (usually not more than EGP 100). InstaPay charges 0.1% (minimum EGP 0.5, maximum EGP 20); e-wallet top-ups (Vodafone Cash recommended) cost 0.7%; the Egyptian debit-card top-up (EGP 5 plus 2%) has been unavailable since 6 September 2026. USD wallet cards: 0.84% plus USD 0.84 for a local UAE card, 4.2% plus USD 0.53 for an international card. AED wallet cards: 0.9% plus AED 3.1 or 3.7% plus AED 1.1. | free |
| Overnight financing | n/a | n/a |
| Other fees |
|
|
| Asset classes (of 14) | 3 | 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 | No | Yes |
| Funds | Yes | Yes |
| Commodities | No | Yes |
| Indices | No | Yes |
| Warrants | No | 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 | Thndr appThndrXThndr web | Tiger Trade appTiger Trade desktopTiger Open Platform (API) |
| Demo account | Yes | Yes |
| Fractional shares | Yes | Yes |
| Maximum leverage | n/a | 1:4 |
| Account opening | Fully digital in the app: email, Google or Apple sign-up, liveness check and a live photo of your ID (Egyptian national ID, passport, Emirates ID or Saudi ID or residency card); brokerage and custody agreements signed digitally, or through a manual signature step reviewed in 2 to 3 business days. Thndr advertises same-day activation | 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 | Egypt market accountUS market accessUAE market access (ADX)Thndr Trader subscription | Cash account (Singapore)Margin account (Singapore)Cash Boost Account (Singapore)Demo accountVirtual asset account (Hong Kong) |
| Payment methods | Bank transferDebit cardApple Pay | Bank transferWise |
| Account currencies | EGPUSDAED | SGDUSDHKDAUDEUR |
| Deposit time | Egypt: Vodafone Cash instant, InstaPay and other e-wallets usually within hours (up to 1 business day), bank transfers and cash deposits at CIB usually within 1 business day. USD and AED wallets: same day from inside the UAE, 3–5 business days from abroad; debit cards within minutes | 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 | Egypt: CIB and e-wallets within one day (processed around the clock), other Egyptian banks within one working day (Sunday–Thursday, 09:00–14:45). USD and AED wallets: same day to UAE banks, 3–5 business days abroad | 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 | ArabicEnglish | EnglishChinese |
| Channels | Live chatEmail | PhoneEmailLive chatWhatsApp |
| Availability | In-app chat; the privacy notices also name support@thndr.app for questions about the services. We found no published support hours. Phone support only for Thndr Fortune clients and Thndr Trader UAE subscribers | 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.
Thndr
Egypt's app-first broker for EGX shares, local funds and gold, with US and Abu Dhabi stocks through a second, ADGM-licensed company.
Pros
- Transparent brokerage on Egyptian shares and ETFs: EGP 2 plus 0.1% of the executed value, with every third-party fee listed and passed through at cost
- No Thndr fee or commission on mutual fund orders according to the English fee article (18 August 2026) and the introduction of its Arabic version (18 October 2026); one section of the Arabic article still lists EGP 2 plus 0.1%, and Thndr Gold charges 1.5% on buys
- According to Thndr, EGX shares are registered at MCDR under the client's national ID and client cash sits in trust accounts at Egyptian banks
- Three markets in one app: the EGX, US stocks and ETFs with fractional shares on market orders, and ADX-listed shares in Abu Dhabi
- No minimum deposit advertised, plus an investing simulator with 100,000 units of virtual currency
- Local funding rails: InstaPay, Vodafone Cash and other e-wallets, Egyptian bank transfers and cash deposits at CIB branches
- Tools for Muslim investors in Thndr's own words: a Sharia tab in Thndr Lists, the EGX33 Shariah Index, a zakat calculator, and gold and savings products Thndr says are overseen by Sharia committees
Cons
- Supervision rests on Egypt's FRA (tier 3 in our scale) and the FSRA in ADGM (tier 2); there is no listed parent and no banking licence, and we could not confirm the current limit of Egypt's Investor Protection Fund
- US and UAE trading runs through Thndr Financial Ltd, whose FSRA permission does not allow it to hold or control client investments; US orders are executed, and US shares held, by a third party, Alpaca Securities LLC
- Narrow range: we found no options, bonds, crypto, margin lending or CFDs, and the advanced ThndrX platform with real-time EGX data needs the Thndr Trader subscription at EGP 245 a month
- Support runs mainly through in-app chat, plus support@thndr.app, with no published hours; a phone line is reserved for Thndr Fortune clients with EGP 500,000 or more and for Thndr Trader UAE subscribers
- Thndr's help centre states two different US per-share fees (USD 0.0015 and USD 0.005), and US prices in the app update only about every 15 minutes
- Egyptian withdrawals cost EGP 2.5 each and can only go to an EGP account in Egypt or to the e-wallet linked to the registered phone number
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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