In the dynamic world of online trading, brokerages often offer promotions to attract new clients or to reward existing ones. Tiger Brokers, a renowned brokerage firm, has recently unveiled an enticing promotion for those considering transferring their stock portfolios. This Tiger Brokers promotion is specifically designed to cater to both new and unfunded existing clients looking to possibly enhance their trading experience. Here’s what you need to know about their latest offer:
Transfer Your Stock Portfolio and Own Your HIN
The Promotion
Tiger Brokers is offering an intriguing opportunity for eligible clients: by transferring your stock portfolio to their platform, you can claim 1 share of GOOG (Alphabet Inc.). However, to activate this offer, you must maintain daily assets of at least AU$20,000 for 30 days. It’s important to note that the GOOG share proceeds will become withdrawable after a 90-day period.
Eligibility
This promotion is not just a straightforward bonus; it comes with specific conditions:
– New Clients and Unfunded Existing Clients: The offer targets new clients or existing clients who have not yet funded their accounts.
– Holding Period: After claiming the GOOG share, you must hold it for at least 90 days before the proceeds can be withdrawn.
Additional Financial Incentive
Tiger Brokers doesn’t stop there; they also offer a financial incentive with a very competitive interest rate:
– 7% p.a. Interest for 30 Days: This is capped at a balance of 100,000 AUD or its equivalent in USD. The interest is applicable to the new funds added during the promotion period.
Terms and Conditions
As with any promotional offer, there are terms and conditions that need to be carefully considered:
– Withdrawal Restrictions: The proceeds from the promotional shares (GOOG) are locked for 90 days to ensure compliance with the promotional terms.
– Promotional Period and Limits: The details regarding the duration of the promotion and any limits on the number of participants or shares are specified in the full terms and conditions provided by Tiger Brokers.
Conclusion
Tiger Brokers’ latest promotion offers a unique opportunity for individuals looking to transfer their stock portfolio. By doing so, eligible clients can not only potentially benefit from owning a share of GOOG but also take advantage of a highly competitive interest rate for a limited time.
This promotion could be appealing if you are planning to consolidate your investments under a new brokerage or simply wish to experience what Tiger Brokers has to offer. However, as always, it is crucial to read through all the terms and conditions provided by the brokerage to fully understand the commitment and any potential risks involved. This offer is not an investment or banking product, and like all investment decisions, should be considered carefully within the context of your personal financial situation.
