Saxo & Tiger Collaborations

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When I first started StocksCafe more than 5 years ago, my intention was to share it freely. However, there are costs to keep a site like StocksCafe running, of which the biggest expense is data licensing, which easily runs north of 5 digits annually. Due to this, I started charging a small fee for usage.

However, I understand that nothing beats being free. So I started searching for different ways for StocksCafe to be both financially viable and yet be free for users. At this point of writing, collaborations with brokerages seem to be the solution. StocksCafe would introduce new users to them and in return, they would pay StocksCafe. As for users, you get to try out new brokerages and at the same time use StocksCafe for without having to pay. It is a win-win-win situation.

If you have yet to sign up with either Saxo or Tiger, do consider doing so via StocksCafe’s collaborations with them. Learn more about the Saxo collaboration and the Tiger collaboration.

Today, I would like to share some interesting facts about these collaborations:

1) A grand total of 655 years of Friend of StocksCafe have been awarded due to these collaborations so far.

2) Of which 495 years were given to 90 users participating in the Saxo collaboration, and 160 years were given to 197 users participating in the Tiger collaboration.

3) For Saxo referrals, everyone was awarded either 5 or 7 years (previously the reward was 7 years, and changed to 5 years now). As for Tiger referrals, they range from 3 months to 4 years. The wide range is due to the difference between the two affiliate program models.

Saxo pays a flat one-time fee to StocksCafe for each referral, whereas Tiger uses a revenue-sharing approach per transaction, hence users who have higher transaction values are awarded with more.

As such, it is possible for someone to use StocksCafe for free for at least 5-6 years if you sign up with both Saxo and Tiger. And if you continue to trade sufficiently via Tiger, it is entirely possible to be using StocksCafe for free forever.

Frequently Asked Questions

Q: Since StocksCafe has collaborations with both Saxo and Tiger, which one do you recommend I sign up with?
A: As with most things in life, there isn’t a one-size-fits-all solution. Saxo’s strength is in the wide range of products (including cryptocurrencies) and exchanges (it currently totals 37) that they support.

Tiger’s strength is in the sleek and easy-to-use interface. Both have some of the lowest fees among brokerages in Singapore. I personally recommend opening accounts with both and trying them out to see which one best suits your needs.

Q: Can I still qualify if I already have an account with Saxo and/or Tiger?
A: Unfortunately, I cannot link existing accounts with StocksCafe as the collaboration is meant to bring in new customers to these brokerages. However, you can instead have a friend or family to open a new account with them via StocksCafe’s referral link, and if that friend or family is willing to give you the StocksCafe benefits, I am perfectly fine with that.

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Evan Koh

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