This promotion has ended and the Disney share has been replaced with a Starbucks share valued at approximately $150.
Unlike our previous guides, this will be short and sweet! Tiger has revamped their promotions and made it simple and even better! With just a deposit of $2,000, you get to enjoy the following:
- 1 free share of Disney (NYSE:DIS) valued at approximately $250
- 60 commission-free trades for 180 days
- 500 Tiger Coins
If you already opened an account with Tiger Brokers, but have not deposited until now, don't worry! You can still enjoy the free Disney share just by depositing $2,000. Read below to find out how to do it!
Step 1: Sign up for a Tiger Brokers account.
If you haven't already, create a Tiger Brokers account at this link here, or download and use the Tiger Brokers app. If prompted, use the code FREESTOCK when creating your account.
Tiger Brokers Invitation Code: FREESTOCK
Tiger Brokers has posted a handy step-by-step guide here which you can follow. If possible, use MyInfo because it will automatically enter your details for you without having to upload and verify documents like your NRIC.
If everything goes without issue, your account should be approved by the next working day. You will receive a SMS notification once it is approved.
Step 2: Make your first deposit of $2,000.
Once your account is approved, you will be able to make your first deposit. This is the most important step of the process! Tiger Brokers will award you the free stock based on your first deposit only, so if you deposit $1 to test and then $1,999 thereafter, you will get no free stock.
If you have a DBS or POSB account, I recommend that you use DBS Direct Debit Authorisation (DDA) to deposit. This is all automatic and your deposits will reflect in minutes or even seconds.
Worried about the deposit process? Then I would suggest you to perform your deposit in the morning on a weekday (ex. public holidays) using DBS DDA. This way, you will be able to contact both DBS and Tiger support if anything goes wrong. Based on user reporting, DBS DDA works almost perfectly without issues.
To set up DBS DDA, follow the guide here from Tiger Brokers on how to link your DBS bank account to your Tiger account. To deposit, follow this guide.
Step 3: Check for your Disney stock voucher.
Once your deposit is reflected in your account, your Disney stock voucher should appear as well. To view your voucher:
- Go to the Me page
- Select the Promotions & Rewards button
- Select the Collect button on the voucher
Step 4: Wait for the Disney stock to arrive.
According to Tiger Brokers, this will take up to 10 trading days, which is about 2 weeks. However, most should see their free Disney stock credited within a week. Once it has been successfully credited, you will be able to see the stock appear in the Trade tab of your Tiger Trade app.
Step 5: Do what you want!
Once the stock is credited, it's yours! You can choose to hold it, or sell it.
If you choose to hold the stock, rest assured that Tiger Brokers does not charge any custody fees. This means that the value of your stock won't be eroded by those pesky fees that many other brokers charge!
If you choose to sell the stock, do note that 2 working days are required before the amount can be withdrawn. This is due to the T+2 settlement process. In the meantime, if you plan to withdraw in SGD, you can convert the USD into SGD within the app, by following these steps:
- Go to the Trade page.
- Select the More button.
- Select the Currency Exchange button.
- Select the currencies you would like to convert.
- Enter the amount you would like to convert.
- Confirm the conversion by selecting the Exchange button.
If you plan to withdraw in USD, no conversion is necessary. However, USD withdrawals are only free to DBS Multi Currency accounts.
Step 6: Withdraw! (If you want to)
To withdraw, follow these steps:
- Go to the Trade page.
- Select the More button.
- Select the Withdrawal button.
- Select the Withdraw SGD or Withdraw USD button.
- Enter your bank account details, withdrawal amount and submit your withdrawal request.
