Moomoo, an innovative investment super app, has officially made its debut in Malaysia, setting a new benchmark for digital investment solutions in the region. This strategic move aligns with the company’s goal to foster financial innovation and provide Malaysian investors with a sophisticated yet user-friendly digital investment platform.
Futu Malaysia Sdn. Bhd., operating under the brand name Moomoo MY, has been recognized as one of the pioneering global digital brokerage firms to secure the Capital Market Services License from the Securities Commission Malaysia (SC). This accreditation permits Moomoo MY to extend its services in securities and derivatives trading, along with clearing services. The launch was celebrated with a grand opening ceremony in Kuala Lumpur, attended by notable figures including Datuk Muhamad Umar Swift, CEO of Bursa Malaysia, and Robin Xu, Senior Partner and Senior Vice President at Futu Holdings Limited, alongside other senior executives.
Robin Xu highlighted Moomoo’s commitment to leveraging technology to democratize investment, aiming for information equality, enhanced accessibility, and value creation in Malaysia’s rapidly growing economy. With a global network connecting 21 million retail investors, Moomoo envisions becoming a pivotal gateway, linking Malaysian investment products with international capital and investors.
Malaysia’s young, tech-savvy population and its burgeoning fintech landscape have positioned it as an attractive market for Moomoo, following its successful expansion in Singapore. The firm’s confidence in replicating its Singaporean success in Malaysia is bolstered by the nation’s supportive regulatory framework and the clear demand for innovative investment solutions.
Moomoo Malaysia is set to revolutionize the local investment scene by democratizing access to investment opportunities. Its platform boasts an array of advanced tools and features, such as Heatmap, Stock Screener, and Market Monitor, designed to enhance the investment experience for both novices and seasoned investors. Malaysian investors now gain access to a comprehensive suite of resources, including over 1,000 Malaysian and 9,000 US stocks, ETFs, AI-powered analytical tools, and real-time market data. Additionally, for a limited period, Moomoo MY is offering zero-commission trading on stocks and ETFs for both Malaysian and US markets.
Ivan Mok, CEO of Moomoo Malaysia, emphasized the platform’s commitment to leveling the playing field by providing universal access to professional-grade tools and resources, making self-directed investing more straightforward and accessible.
Furthermore, Moomoo MY is dedicated to advancing financial literacy through Moo Learn, offering over 600 complimentary investment courses. The Moo Community, a vibrant online platform, connects over 1,000 experts and key opinion leaders within a global investing community, fostering collaborative learning and mutual support among its members.
To celebrate its launch, Moomoo MY has introduced exclusive promotions for Malaysian investors, including the opportunity to receive a free Apple share or cash rewards upon meeting certain deposit and transaction criteria.
Malaysian investors can download the app from the Apple App Store or Google Play Store to start their investment journey with Moomoo.