Is Tiger Brokers safe for Malaysian investors? SC license status, Bursa Malaysia access, and the best SC-licensed alternatives.
⚠️ Tiger Brokers is NOT licensed by Malaysia's Securities Commission (SC).
Malaysian investors using Tiger Brokers do not have protection under the Capital Markets Compensation Fund (CMC Fund). Always use SC-licensed platforms for your investments.
Tiger Brokers (TIGR) is a Singapore-headquartered online broker that operates in Singapore, Australia, New Zealand, Hong Kong, the US, and other jurisdictions — but it does not hold a Capital Markets Services License (CMSL) from the Securities Commission Malaysia.
| Feature | Tiger Brokers | Moomoo Malaysia | IBKR Malaysia |
|---|---|---|---|
| SC Malaysia License | ❌ No | ✅ Yes | ✅ Yes |
| Bursa Malaysia | ❌ | ✅ | ✅ |
| US Stocks | ✅ | ✅ | ✅ |
| HK Stocks | ✅ | ✅ | ✅ |
| CMC Fund Protection | ❌ | ✅ (up to RM100k) | ✅ |
| Commission (Bursa) | N/A | 0% (180 days) | USD1.50 min |
| Min Deposit | USD1 | RM0 | USD2,000 |
Data as of 2026. Verify current rates on respective platforms before investing.
Verdict
For Malaysian investors: Use Moomoo MY (SC-licensed) for Bursa + US + HK access with 0% commission for 180 days and full CMC Fund protection. Tiger Brokers is not a regulated option for Malaysian retail investors.
Plus up to RM1,800 in new user rewards. SC Malaysia licensed. Invest in US, HK & Bursa stocks from one app.
Monthly DCA growth at 10% p.a. (S&P 500 hist avg)
| Monthly | 10 yrs | 20 yrs | 30 yrs |
|---|---|---|---|
| RM300/mo | RM61k | RM228k | RM678k |
| RM500/mo | RM102k | RM380k | RM1.13M |
| RM531/mo | RM109k | RM404k | RM1.2M |
*Complete deposit & first trade via this link to track rewards · T&Cs apply · RM100 coupon ≥RM1,000 deposit · AAPL stock ≥RM30,000 deposit.
Plus RM25 free and 50% OFF fees for 30 days when you sign up with code 4G4TEP.
Monthly DCA → RM1M at 8% p.a.
| Monthly | 10 yrs | 20 yrs | 30 yrs |
|---|---|---|---|
| RM300/mo | RM55k | RM177k | RM449k |
| RM500/mo | RM91k | RM297k | RM749k |
| RM670/mo | RM122k | RM397k | RM1.0M |
Use code 4G4TEP · Min. RM100 deposit · Offer expires 29 May 2026 · T&Cs apply