Moomoo’s entry into the Malaysian market, as the thirtieth brokerage, is timely. With local investment participation at less than 10%—far below the 30-40% seen in developed markets—there’s a significant opportunity to boost investment awareness and financial education.
Moomoo Malaysia has onboarded more than 10,0000 in just three days following its launch earlier this week, the trading platform owned by Futu Holdings announced.
Moomoo Malaysia’s app offers a comprehensive suite of features, including real-time market data, in-depth company research, advanced charting tools, and AI-powered analytics, all designed to empower investors to make informed decisions.
With zero commission trading and access to crucial investment information, Moomoo Malaysia is set to transform the investment experience in Malaysia.
Malaysian investment participation at less than 10%
Moomoo’s entry into the Malaysian market, as the thirtieth brokerage, is timely. With local investment participation at less than 10%—far below the 30-40% seen in developed markets—there’s a significant opportunity to boost investment awareness and financial education.
The push from Bursa Malaysia and local governmental bodies aims to revitalize the investment landscape, aiming for greater participation and market liquidity.
To celebrate its launch, Moomoo Malaysia has introduced exclusive promotions for Malaysian investors, including a free Apple share for new users who open a Moomoo MY universal account and deposit a total of RM8000, and RM100 cash rewards for those depositing RM500. Additionally, traders who execute a transaction during the promotion period will receive one month of free Level 2 MY market data, with the potential to accumulate up to six months of complimentary data.
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.
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.
“Akin to our achievements in Singapore and Hong Kong”
Ivan Mok, CEO of Moomoo Malaysia, said: “We are incredibly excited to achieve this significant milestone in the Malaysian market, and are deeply grateful for the overwhelming support and enthusiasm we’ve received from investors. Malaysia is actively seeking to elevate its brokerage sector’s technological capabilities to enhance its competitiveness in the global financial markets. Drawing on our technological expertise and extensive global experience, akin to our achievements in Singapore and Hong Kong, where we established pioneering benchmarks in fintech technology, our objective is to replicate this success in Malaysia. Our aim is to set a precedent for the industry, serving as a blueprint for others to emulate.”
“There’s a clear push from both Bursa Malaysia as per its recent address, and other local governmental bodies to revitalise the local investment landscape by fostering greater participation, and enhance market liquidity in driving and supporting national growth. With local investors comprising less than 10% compared to 30-40% in developed markets, this presents a significant opportunity to enhance investment awareness and financial education, crucial for economic growth. As the thirtieth brokerage entering the market, we’re poised to make an impact by leveraging our technology and global expertise to drive financial literacy and investment engagement. Through our offerings such as free real-time market data and prioritising financial literacy through our platform, we aim to increase engagement and market participation levels among Malaysian investors.”
