Moomoo launches stock trading app in Australia

Rick Steves

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.

Moomoo

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.

Read this next

Industry News

Freedom Holding Corp. contributes to UN global goals in Central Asia

Climate change, hunger, poverty, lack of education and clean water are the most pressing issues facing humankind today. These challenges cannot be addressed by any single nation or state, and require a global response.

blockdag

BlockDAG Transforms Crypto Mining with X1 Beta App Launch, Raises $49.2M in Presale; SEI & BONK Developments

Uncover BlockDAG’s X1 app beta launch, reshaping mobile mining and propelling its presale to $49.2M, eclipsing BONK and SEI.

Digital Assets

Joe Biden’s campaign explores crypto donations via Coinbase

U.S. President Joe Biden’s campaign is in discussions with cryptocurrency industry players about accepting crypto donations through Coinbase Commerce, sources familiar with the matter told The Block.

Chainwire

VGX Foundation and Honeyland Partner to Offer VGX Rewards for Players

The VGX Foundation has announced a partnership with popular web3 game Honeyland, offering rewards utilizing the VGX token for their players.

Digital Assets

Terraform and Do Kwon fined $4.5 billion to settle with SEC

Terraform Labs and its co-founder Do Kwon have reached a final settlement with the U.S. Securities and Exchange Commission (SEC) regarding a fraud case, according to a court filing on Wednesday.

Retail FX

Dukascopy broadens CFD offering with Italian stocks

Switzerland’s forex bank and broker, Dukascopy has just expanded its offering to include Italian stocks and the Italy 40 Index. The new additions allow clients to access a broader range of investment opportunities in the Italian market.

Fundamental Analysis, Market News, Tech and Fundamental

Global FX Market Summary: Federal Reserve Monetary Policy, US Inflation,Eurozone June 12 ,2024

The Fed meets today to decide on interest rates. A dovish shift (keeping rates steady or hinting at cuts) is expected, weakening the US dollar and potentially boosting gold prices.

blockdag

BlockDAG Leads CoinSniper Ranking as Presale Surges to $49.2M While Cardano Shows Resilience & ApeCoin Surges

Explore BlockDAG’s #1 ranking on CoinSniper listing as presale booms to $49.2M. More on ADA’s resilience & ApeCoin’s surge.

<