On February 27, 2024, leading securities trading and wealth management fintech company Futu Holdings Limited (Nasdaq: FUTU) announced that its overseas independent brand Moomoo has officially launched online securities business in Malaysia, empowering local investors with cutting-edge technology and comprehensive one-stop services to bring them a professional and reliable innovative online trading experience. In recent years, Futu has rapidly promoted its international business. This is the second time Moomoo has entered new markets and expanded its business in Southeast Asia, following its expansion in Japan and Canada last year.
Becoming one of the first technology securities firms in the local area to obtain formal capital market service licenses
Dedicated to promoting technological innovation and finance
Futu Malaysia Sdn.Bhd Moomoo MY is one of the first global technology securities firms to obtain the Capital Market Services License issued by the Securities Commission Malaysia. It is now qualified to conduct securities and futures trading and settlement business at the beginning of this year.
With the official launch of Moomoo's securities trading business in Malaysia, local investors can use Moomoo to trade over 1000 Malaysian stocks and over 9000 US stocks and ETFs. All new users holding Moomoo (Malaysia) comprehensive accounts can also receive Level 1's 3-tier deep quotes for Malaysian stocks and Level 2's 60 tier deep quotes for American stocks for free. The platform also integrates a series of powerful functions and services, including AI analysis, investment research reports, advanced chart tools, real-time data, and the latest market information from over 150 well-known media institutions.
Moomoo Expands Southeast Asian Territory Second Stop
Hope to replicate Singapore's successful experience
Malaysia is the second stop for Moomoo to expand its Southeast Asian territory. With the increasing interest of the local population in independent investment and the sustained prosperity of Malaysia's fintech industry, Moomoo, as a one-stop investment trading platform, can effectively meet the growing demand for innovative investment solutions in the market.
Senior Partner of Futu Holdings Limited Xu Li, Senior Vice President and Head of Southeast Asia and Oceania, stated: The significance of Moomoo's entry into Malaysia is extraordinary, which carries the company's vision of empowering different financial markets through financial technology. With the mission of creating value for users and implementing the corporate mission of 'making investment simpler and not lonely', Moomoo contributes to the digitalization of Malaysia's finance. Through technology, Moomoo promotes information equity, making investment and wealth management more accessible, and creating value for local investors and capital markets. The addition of Moomoo is expected to inject more momentum into the market. As an investment platform that connects 21 million individual investors worldwide, we hope to join hands with exchanges, regulatory agencies, and partners in the foreseeable future to become an important bridge for Malaysia's investment category to connect global capital and investors
In recent years, Moomoo has been widely welcomed by investors in Singapore, becoming the top downloaded investment and trading application in the local market, with impressive business performance. In Singapore, one out of every four adults uses the Moomoo application. Moomoo was also selected as the "Best Retail Broker" by the Securities Investors Association of Singapore (SIAS). After the official launch of Moomoo in Malaysia, it is expected to replicate Singapore's successful experience, increase the market participation of local individual investors, and help them embrace more opportunities.
Building a professional and reliable global investment and trading platform
Widely recognized by investors and the industry
In addition, Moomoo (Malaysia) is committed to further promoting investor education. MooLearn provides users with over 600 free comprehensive investment courses, supporting investors of different trading levels to enhance their investment knowledge, understand trading rules, avoid investment risks, and stay up-to-date with market changes through relevant teaching resources. Currently, Moomoo's active online community has reached a global investment community of 21 million members, connecting over a thousand experts and key opinion leaders. MooCommunity has now become a collaborative learning center for investors to exchange investment concepts, insights, and experiences, in order to support each other and grow together.
As a leading one-stop investment and trading platform, Futu and its overseas independent brand Moomoo now provide services to over 21 million users worldwide. Through professional investment tools and high-quality investment experience, they accompany investors to grow, establish themselves in Hong Kong, China, and continuously accelerate the development process of international business, with footprints covering the United States, Singapore, Australia, Japan, Canada, and Malaysia.
Since its launch, the Moomoo application has been loved by users from all over the world and has won multiple industry awards, receiving widespread praise. Last year, Moomoo was awarded the Global Financial Technology Award - Best Intraday Trading Software Award by the US financial media platform Benzinga. In addition, Moomoo was also awarded the "Best New Star Gold Award for Online Brokers" by the Australian financial media Money Magazine in 2024.