Moomoo launches stock trading app in Australia
Moomoo has announced its official launch in Australia, marking the third international market where Moomoo operates, after its successful launch in Singapore in 2021 and the United States in 2018.
The trading platform will offer online share trading to Australian investors via its mobile app. The product offering covers stocks and ETFs listed on Australian and US markets. Hong Kong SAR, Singapore, and China A-share markets will soon be added.
Moomoo features intelligent analysis tools, real-time in-depth market data, and financial information from leading media agencies such as Dow Jones and Benzinga.
Australia will have 10 million individual investors by 2022
The mobile app is highly invested in social investing in order to promote community interaction, where users support and learn from one another, share investing ideas and insights about stocks.
For users who seek structured learning experiences, there are also a lot of educational courses published on moomoo as well, the firm stated in its official announcement.
Andrew Rogan, moomoo’s Marketing Head in Australia, said: “Today marks moomoo’s first anniversary in the Singapore market and the third anniversary of the listing of moomoo’s parent company on Nasdaq. On this special occasion, we’re happy to announce our launch in Australia. We hope to bring moomoo’s advanced features, which have already been validated in the US and Singapore, to every investor in Australia. Our vision is to help all investors with different experience levels improve trading skills, optimize investment strategies and take control of their wealth creation.”
In 2020, Australia had more than 9 million individual investors, according to an ASX investor research report, which added the number is expected to go beyond 10 million in 2022.
Moomoo is a fintech company based in Palo Alto, California, that integrates trading, market data, and social networking with advanced features, such as AI-powered analytics and anomaly detection functions.
The firm and its brand affiliates also offer rich investor education content and an interactive online community with 17 million users in more than 200 countries globally.
Moomoo is a subsidiary of Nasdaq-listed fintech company Futu Holdings Limited, the largest brokerage in Hong Kong.