Tiger Brokers entered the Malaysian market in 2022 and positioned itself as the multi-market alternative to Rakuten Trade's Bursa-only model. Together with moomoo Malaysia, it is one of two SC-licensed platforms offering Malaysian retail investors direct access to US stocks without going through a third-party fund wrapper.
This review covers Tiger Brokers Malaysia's actual fee structure, what the platform offers and doesn't offer, and the honest comparison with moomoo โ the platform Tiger most directly competes with for the same investor profile.
What Tiger Brokers Malaysia Is
Tiger Brokers Malaysia operates under UP Fintech Holding Limited, a Singapore-based company listed on NASDAQ under the ticker TIGR. UP Fintech is the holding company for the Tiger Brokers brand across Southeast Asia, Australia, and New Zealand.
In Malaysia, the local entity is Tiger Brokers (Malaysia) Sdn Bhd. It holds a Capital Markets Services Licence from the Securities Commission (SC) Malaysia and is a Participating Organisation of Bursa Malaysia.
Markets available:
- Bursa Malaysia (Main Market, ACE Market, REITs, ETFs, structured warrants)
- NYSE and NASDAQ (US stocks and ETFs)
- HKEX (Hong Kong stocks)
- SGX (Singapore stocks)
- ASX (Australia โ via custody)
Fee Structure in Full
Bursa Malaysia trades
- Brokerage: 0.05% per trade, minimum RM3
- Clearing fee: 0.03% per trade, maximum RM1,000 (Bursa mandatory โ same at all brokers)
- Stamp duty: RM1 per RM1,000 of contract value, maximum RM200
For a RM5,000 Bursa trade:
- Brokerage: RM2.50
- Clearing: RM1.50
- Stamp duty: RM5.00
- Total per leg: RM9.00
Compare at moomoo (0.03%): brokerage drops to RM1.50 for the same trade. On a RM5,000 round-trip, moomoo saves RM2 vs Tiger โ a difference that compounds significantly for active traders.
US stocks
- Brokerage: USD0.0049 per share, minimum USD0.99 per order
- Platform fee: USD0.005 per share (exchange regulatory fee โ applies at all brokers, including US ones)
- Currency conversion: MYR funded to USD within the Tiger app; FX spread approximately 0.3โ0.5%
For a 100-share purchase of a USD15 stock (USD1,500 position):
- Brokerage: USD0.49 โ minimum applies, so USD0.99
- Regulatory fee: USD0.50
- Total: approximately USD1.49 (~0.10% of trade value)
Hong Kong stocks
- Brokerage: 0.06% per trade, minimum HKD15
- Standard HKEX transaction fees and stamp duty apply on top (charged by the exchange)
Fee comparison across major Malaysian brokers
| Broker | Bursa fee | Min Bursa fee | US stocks | Web platform |
|---|---|---|---|---|
| Tiger Brokers | 0.05% | RM3 | USD0.0049/share (min USD0.99) | No |
| moomoo Malaysia | 0.03% | RM3 | USD0.0049/share (min USD0.99) | Yes |
| Rakuten Trade | 0% first RM1k/month, then 0.10% | RM8 | None | Yes |
| Kenanga Trade | 0.10% | RM8 | None | Yes |
| Maybank IB | 0.08%โ0.10% | RM8 | None | Yes |
Brokerage rates only. Clearing fee and stamp duty apply at all brokers. Fees as of April 2026.
Platform
Mobile app (iOS and Android)
Tiger Brokers has no web platform โ this is a mobile-first product. The app is well-designed and consistently rated highly on both App Store and Google Play. Key features:
- Tiger Community โ a social trading feed where investors share analysis, stock ideas, and trade disclosures. This is arguably Tiger's most distinctive feature; some investors find the community genuinely useful for discovering ideas, others ignore it entirely.
- Paper trading โ a virtual account with simulated capital for learning to trade before using real money. The paper account is separate from your live account and uses real market prices.
- Real-time market data โ included with account for Bursa, US, and HK markets. No additional subscription required for real-time quotes.
- Stock screener and charting โ standard technical indicators (moving averages, RSI, MACD, Bollinger Bands), multiple chart timeframes
- Earnings calendar and economic data โ integrated into the app
- Options trading โ available for US options for eligible accounts
What the app does not have: a web version. If you do most of your research and trading on a desktop or laptop, this is a real limitation. As of April 2026, Tiger Brokers Malaysia has not announced a web platform. moomoo, by contrast, has a full-featured web trading interface.
Account Opening
Opening a Tiger Brokers Malaysia account is fully digital:
- Download the Tiger Brokers app โ register with email or phone number
- Select Malaysia as your resident country
- Upload MyKad (front and back) โ biometric liveness check via selfie
- Complete SC-mandated suitability questions on financial background and investment experience
- Sign the CDS account opening form digitally (a CDS account is opened in your name automatically)
- For US trading: complete the W-8BEN form (non-US person tax declaration) within the app
Approval time: most accounts are processed within the same business day for straightforward applications. Some applications take up to 3 business days if manual review is required.
Minimum deposit: RM0. Fund when you're ready to trade. FPX instant transfer and bank transfer are both accepted.
Regulation and Safety
- Licensed by: Securities Commission (SC) Malaysia, Capital Markets Services Licence
- Bursa status: Participating Organisation of Bursa Malaysia
- CDS account: Opened in your name at Bursa Malaysia Depository. Bursa-listed shares are registered to you โ not commingled with Tiger Brokers' assets.
- US and HK stocks: Held in custody via Tiger Brokers' clearing entities in the US (FINRA-registered broker-dealer, SIPC member) and Hong Kong (SFC-licensed). SIPC protection covers up to USD500,000 per account (USD250,000 cash sublimit) against custodian failure โ this is not investment loss protection.
- Parent company: UP Fintech Holding Limited (TIGR) โ NASDAQ-listed
What Tiger Brokers Does Not Offer
- Web trading platform โ mobile app only as of April 2026
- Unit trusts or managed funds โ stockbroking only
- EPF Members Investment Scheme (EPF-MIS) โ Tiger Brokers is not an EPF-approved investment manager. EPF savings cannot be channelled through this account.
- Fixed deposits or cash products โ not a banking product
- Fractional US shares โ minimum 1 share per US trade
- Bonds or sukuk โ not available for retail accounts
Tiger Brokers vs moomoo Malaysia
This is the comparison most Tiger Brokers Malaysia prospects actually want. Both are SC-licensed, both offer Bursa + US + HK markets, both charge USD0.0049/share for US stocks.
| Factor | Tiger Brokers | moomoo Malaysia |
|---|---|---|
| Bursa fee | 0.05% (min RM3) | 0.03% (min RM3) |
| US stocks fee | USD0.0049/share (min USD0.99) | USD0.0049/share (min USD0.99) |
| HK stocks fee | 0.06% (min HKD15) | Competitive โ check moomoo app |
| Web platform | No | Yes |
| Paper trading | Yes | Yes |
| Community feed | Strong โ Tiger Community | Available โ moomoo community |
| Level 2 US data | Yes | Yes (free) |
| Foreign stock custody fee | Different structure โ check Tiger T&C | 0.03%/yr (min USD1.20/month) |
| CDS account | Yes (auto-opened) | Yes (auto-opened) |
Where Tiger Brokers wins: The Tiger Community social feed is more active and better integrated than moomoo's community feature. If the social/community aspect of investing matters to you โ following other investors' theses, seeing what experienced traders are buying โ Tiger has the edge.
Where moomoo wins: Lower Bursa fee (0.03% vs 0.05%). Full web platform. The fee difference is RM2 per RM10,000 traded โ meaningful for active traders but not material for investors making a few trades a month.
For most investors: the Bursa fee difference is the deciding factor. moomoo is cheaper for frequent Bursa trading. For investors who trade primarily US/HK markets and value the community features, Tiger is a reasonable choice. Both are solid platforms โ neither is a bad decision.
Who This Suits
Tiger Brokers Malaysia is well-suited for:
- Investors who want Bursa + US + HK market access in one SC-licensed account
- Mobile-first investors who do all their investing from a phone (the app quality is genuinely good)
- Investors who value the community feed and want to see what other investors are discussing before making their own decisions
- Investors new to US and HK markets who want paper trading to practice before committing real capital
- Investors building a multi-market portfolio who want one account for Malaysian and international exposure
Who Should Look Elsewhere
- Investors who primarily trade Bursa Malaysia stocks โ moomoo's 0.03% Bursa fee is more competitive than Tiger's 0.05% at any meaningful trading volume
- Desktop/laptop-first investors who need a web platform for analysis and order entry
- Investors who only want Bursa Malaysia exposure โ Rakuten Trade's zero-brokerage threshold is better value for small monthly Bursa investments
- Investors who want to invest EPF savings โ EPF investment requires an EPF-MIS approved platform, not a stockbroking account
Bottom Line
Tiger Brokers Malaysia is a credible, well-regulated multi-market broker that does exactly what it says โ it gives Malaysian retail investors direct access to Bursa, US, and HK stocks through a polished mobile-first platform.
Its single most significant practical weakness versus moomoo is the lack of a web platform. For investors who manage their portfolios primarily on desktop, this is a recurring friction point that does not go away. The Bursa fee (0.05% vs moomoo's 0.03%) is a secondary consideration โ it matters more for active traders than for buy-and-hold investors.
For investors who want multi-market access and value the community/social features, Tiger Brokers is worth opening alongside or instead of moomoo. For pure Bursa trading, Rakuten Trade or moomoo are more cost-efficient starting points.