Futu brings “super investment platform” moomoo to Malaysia
“Following our success in Singapore and other APAC markets, we are well-equipped to bring our international know-hows in transforming the digitised investment landscape in Malaysia.”
Futu Holdings Limited has announced it is bringing its “super investment platform”, moomoo, to Malaysia.
moomoo features a holistic suite of self-help educational resources, free-for-all market data, and a supportive global community to unlock trading opportunities for users.
Futu’s wholly-owned Malaysian subsidiary has recently secured the Approval-In-Principle for the Capital Markets Services License (“CMSL”) from the Securities Commission Malaysia.
Malaysia is the second Southeast Asia launch of moomoo
Robin Xu, Senior Partner and Senior Vice President, Futu Holdings Limited, commented: “We’re proud and excited to bring our one-stop platform, moomoo to Malaysia, the second SEA launch. Our world-class research and development capabilities and long-standing business success in serving over 20 million users worldwide allow us to provide better tech-driven solutions to the market, enabling everyone to be equipped with the necessary access, tools, and knowledge to make informed decisions along the investment journey.
“We are thrilled to have been granted the AIP from the SC, as it is a validation of our mission and vision to make investing more convenient and accessible to investors worldwide. Following our success in Singapore and other APAC markets, we are well-equipped to bring our international know-hows in transforming the digitised investment landscape in Malaysia. With its 32.7 million well-structured population, business-friendly environment, educated talent pool and high digital literacy levels, the country will serve as a catalyst for growth. The Company values Malaysia as a strategic location to roll out its cutting-edge super investment platform.”
Futu caters to a total of 20 million investors spread across the globe and is listed on Nasdaq with the ticker FUTU. Its subsidiaries provide clients with investing services, including trading and clearing services for the United States, Hong Kong SAR, China Connect, Singapore, and Australia stocks, margin financing, securities lending, and wealth management.
