Moomoo launches super app in Malaysia

Rick Steves

“As an investment platform connecting 21 million retail investors globally, we envision collaborating with exchanges, regulatory bodies, and partners in the visible future to become the gateway, connecting Malaysia’s investment products to global capital and investors.”

Moomoo has announced the launch of its super app in Malaysia, positioning itself among the first global digital brokerages to receive the Capital Market Services License from the Securities Commission Malaysia, enabling it to offer securities and derivatives trading services.

The inauguration event in Kuala Lumpur saw attendance from top executives and industry leaders, highlighting the app’s anticipated impact on Malaysia’s investment landscape.

Moomoo’s venture into Malaysia is driven by its commitment to technological innovation and financial inclusion, aiming to democratize investing through cutting-edge, pro-level analytical tools, resources, and extensive product offerings which include free access to over 1,000 Malaysian and 9,000 US stocks, ETFs, and advanced analytical and educational tools.

The company’s efforts to enhance financial literacy and inclusion extend to offering over 600 complimentary investment courses and fostering a vibrant online community for collaborative learning and support among investors.

In celebration of its launch, Moomoo is offering exclusive promotions for Malaysian investors, including the opportunity to receive a free Apple share and cash rewards for new users who meet specific account opening and deposit criteria.

moomoo connecting 21 million retail investors globally

Robin Xu, Senior Partner and Senior Vice President of Southeast Asia and Oceania at Futu Holdings Limited, said: “Moomoo’s entry into Malaysia underscores our dedication to empowering various financial markets through technology. Guided by our mission of ‘Making investing easier, not alone,’ we strive to promote information equality, accessibility, and value creation within Malaysia’s dynamic economy. Through technology, we aim to promote information equality, making investment and wealth management more accessible, and creating value for local investors and capital markets. Malaysia’s dynamic economy, coupled with recent policy support, has seen rapid development in its capital markets. With Moomoo’s participation, we hope to inject even more dynamism into the market. As an investment platform connecting 21 million retail investors globally, we envision collaborating with exchanges, regulatory bodies, and partners in the visible future to become the gateway, connecting Malaysia’s investment products to global capital and investors.

“Malaysia with a relatively young population has seen a growing interest in self-directed investing. The country’s commitment to technological development and innovation led us to choose it as the second destination for expanding our presence in the Southeast Asia after Singapore. With Malaysia’s flourishing fintech landscape and supportive regulatory framework, there exists a clear demand for innovative investment solutions. We are confident that we can replicate the success we have seen in Singapore here and work hand in hand with investors and market participants to further enhance Malaysia’s capital markets and financial infrastructure competitiveness on both the regional and international stage.”

Ivan Mok, CEO of Moomoo Malaysia, added: “Our users benefit from unrestricted access to pro-grade tools and resources, typically associated with premium services. This reinforces our commitment to levelling the playing field, making self-directed investing simple, easy, and accessible to everyone, regardless of their experience level.”

Dennis Jee, COO of Moomoo Malaysia, commented: “Moomoo seamlessly combines accessibility and a comprehensive suite of tools and educational resources, to provide an investment experience that breaks through traditional boundaries. Our platform is tailored to transform the way people invest, and empower Malaysian investors with the tools and resources they need to not only participate, but succeed in the financial markets.”

Datuk Muhamad Umar Swift, CEO of Bursa Malaysia Berhad, said: “In today’s technology-driven market, it is important that the industry leverages data and digital tools to make investing more accessible and efficient. Investors want choice, and we encourage all Participating Organisations to harness the power of new technologies to enhance investing experiences for investors, and to promote greater financial inclusivity in Malaysia. We commend Moomoo MY for the launch of its innovative investment app in conjunction with its entry into Malaysia.”

1,000 Malaysian and 9,000 US trading products

Moomoo’s product offering in Malaysia encompasses a comprehensive suite of digital investment tools and resources designed to cater to both novice and experienced investors. The key components of their offering include:

Access to a Wide Range of Investments: Users have access to over 1,000 Malaysian and 9,000 US stocks, ETFs, securities, and derivatives trading, providing a broad spectrum of investment options.

Pro-Level Analytical Tools: The platform offers advanced analytical tools such as Heatmap, Stock Screener, Institutional Tracking, and Market Monitor, enabling users to conduct in-depth analysis and make informed investment decisions.

Real-Time Data and News: Moomoo provides real-time data and breaking news sourced from over 150 top media agencies, ensuring investors are well-informed of the latest market trends and news.

Educational Resources: With over 600 complimentary investment courses available through Moo Learn, Moomoo is committed to advancing financial literacy among its users, helping them to enhance their investing skills and knowledge.

Online Community: The Moo Community connects users with over 1,000 experts and key opinion leaders within a global investing community of over 21 million members. This fosters collaborative learning and mutual support among investors.

Zero-Commission Trading: For a limited time, the platform is offering zero-commission trading on stocks and ETFs for both Malaysia and US markets, making it more accessible for investors to start their investment journey.

Complimentary Market Data: Moomoo MY universal account holders receive complimentary access to Level 1 MY stock market depth and Level 2 US stock market depth quotes, providing valuable insights into market movements.

Exclusive Launch Promotions: New users who meet specific criteria can benefit from exclusive promotions, including free Apple shares and cash rewards, further incentivizing Malaysians to start investing with Moomoo.

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