(KUALA LUMPUR) Moomoo, the revolutionary all-in-one investment super app, made its grand entrance into Malaysia today. With a firm commitment to fostering local financial innovation and empowering users, the company is set to provide Malaysian investors with a sophisticated, dependable, and forward-thinking digital investment experience.
At the heart of this milestone lies Futu Malaysia Sdn. Bhd. ("Moomoo MY"), among the pioneering global digital brokerage firms to receive the Capital Market Services License from the Securities Commission Malaysia ("SC"). This license positions Moomoo MY to offer securities and derivatives trading and clearing services for both.
The company celebrated its official launch in Kuala Lumpur with distinguished guests, including Datuk Muhamad Umar Swift, CEO of Bursa Malaysia; Robin Xu, Senior Partner, Senior Vice President, and Head of Southeast Asia and Oceania of Futu Holdings Limited; Ivan Mok, CEO of Moomoo Malaysia; and Dennis Jee, COO of Moomoo Malaysia, alongside other esteemed executives.
Robin Xu, Senior Partner and Senior Vice President of Southeast Asia and Oceania at Futu Holdings Limited, articulated the significance of Moomoo's arrival in Malaysia.
"Moomoo's expansion into Malaysia reflects our unwavering commitment to revolutionising various financial markets through technology. Driven by our mission of 'Making investing easier, not alone,' we aim to level the playing field by promoting information equality, accessibility, and value creation within Malaysia's vibrant economy...Through Moomoo's involvement, we aim 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 near future to serve as the conduit, linking Malaysia's investment products to global capital and investors."
Datuk Muhamad Umar Swift, CEO of Bursa Malaysia Berhad, commended Moomoo MY's entry into Malaysia, extending a warm welcome to the company as a Participating Organisation of the Exchange.
"In today's tech-driven market, leveraging data and digital tools is crucial to making investing more accessible and efficient. Investors seek options, and we encourage all Participating Organisations to harness new technologies' power to enhance investing experiences and promote greater financial inclusivity in Malaysia. We applaud Moomoo MY for launching its innovative investment app alongside its entry into Malaysia."
Moomoo offers a comprehensive range of features, including over 1,000 Malaysian and 9,000 US stocks, ETFs, AI-powered analytical tools, research resources, advanced charting capabilities, real-time data, and breaking news sourced from over 150 top media agencies—all seamlessly integrated within the Moomoo platform.
Furthermore, the platform will offer zero-commission trading on stocks and ETFs for Malaysian and US markets for a limited time.
Ivan Mok, CEO of Moomoo Malaysia, highlighted, "Our users benefit from unrestricted access to pro-grade tools and resources typically associated with premium services. This underscores our commitment to levelling the playing field, making self-directed investing simple, easy, and accessible to everyone, regardless of their experience level."
In addition to delivering a seamless trading experience, Moomoo MY is committed to advancing financial literacy by providing over 600 complimentary investment courses through Moo Learn. This commitment ensures that novice and experienced investors can access valuable educational materials to enhance their expertise and stay ahead of industry trends.
Another standout feature is Moomoo's vibrant online community, connecting over 1000 experts and key opinion leaders within a global investing community of over 21 million members. The Moo Community is a hub for collaborative learning, enabling participants to exchange investment ideas, insights, and experiences, fostering mutual support for growth and development.
Dennis Jee, COO of Moomoo Malaysia, reiterated the platform's commitment to transforming how people invest and empowering Malaysian investors with the tools and resources they need to participate and succeed in the financial markets.
Moomoo MY is rolling out exclusive promotions and perks for Malaysian investors to celebrate its official launch. New users who successfully open a Moomoo MY universal account and deposit RM8000 will be eligible for a free Apple share between now and March 31, 2024. Those who open a Moomoo MY universal account with a cumulative deposit of RM500 will receive RM100 cash rewards. Traders who execute at least one transaction using their Moomoo MY universal account during the promotion period will receive one month of free access to Level 2 MY market data. Users can accumulate up to 6 months of complimentary Level 2 MY market data during this time.
Visit the Apple App Store or Google Play Store to start your investment journey with MooMoo. Visit www.moomoo.com/my for more details.