When it comes to financial literacy about investing, Malaysians are unfortunately lagging behind. A recent survey by Hong Leong bank showed that as much as 79% of Malaysians do not have a proper financial plan, and only about 33% have some kind of investment.
That's why financial literacy is increasingly important. A nation that cannot generate enough wealth for itself, especially for emergencies and retirement, is one that will burden the economy further.
Who are Moomoo?
Established in Palo Alto, California, within the Silicon Valley, Moomoo operates globally, catering to investors in countries including the US, Singapore, Australia, Japan, Canada, and Malaysia
Moomoo stands as a prominent worldwide investment and trading platform committed to empowering investors through accessible tools, data, and insights. Our platform is intricately crafted to furnish crucial information and technology, facilitating users in making informed investment choices.
Boasting advanced charting tools and professional-level analytical features, Moomoo grows in tandem with its users, fostering a vibrant community where investors collaborate, learn, and thrive together.
Celebrating Moomoo's Launch in Malaysia
Ivan Mok - CEO of Moomoo Malaysia ( 2nd from left) and Datuk Muhamad Umar Swift - CEO of Bursa Malaysia (3rd from left) with other dignitaries at Moomoo's Launch on Feb 28th 2024 at W Hotel, KL.
Whilst not the only online investment app in Malaysia, Moomoo provides yet another user-friendly and exciting platform on which locals can trade and grow their personal net worth.
Moomoo Malaysia Sdn. Bhd. ("Moomoo MY") celebrated its official opening in Kuala Lumpur today, with notable figures such as Datuk Muhamad Umar Swift, CEO of Bursa Malaysia; Robin Xu, Senior Partner, Senior Vice President, and Head of Southeast Asia and Oceania at Futu Holdings Limited; Ivan Mok, CEO of Moomoo Malaysia; and Dennis Jee, COO of Moomoo Malaysia, in attendance, along with other key executives.
Moomoo Malaysia, under the company name Futu Malaysia Sdn. Bhd. has achieved the distinction of being one of the initial global digital brokerage firms to receive the Capital Market Services License from the Securities Commission Malaysia ("SC").
This license authorizes Moomoo MY to provide trading and clearing services for both securities and derivatives.
During the launch, Robin Xu, Senior Partner and Senior Vice President of Southeast Asia and Oceania at Futu Holdings Limited shared that with Malaysia relatively young population, there is abundant opportunities to grow a fintech enterprise. This is because younger investors are very self-directed. Additionally, the country has a supportive regulatory framework and a clear demand for such technology.
Malaysia is therefore the second country where Moomoo has expanded their operations to, after Singapore.
What Makes Moomoo Stand Out?
As an investment app, here's what Moomoo can offer you:
- The latest cutting age stock market AI powered analytical tools including Heatmap, Stock Screener, Institutional Tracking, and Market Monitor
- Access to over 1,000 Malaysian and 9,000 US stocks and ETFs
- Research resources, advanced charting capabilities, real-time data, and breaking news sourced from over 150 top media agencies
- Moomoo MY universal account holders will have complimentary access to Level 1 MY stock 3 market depth and Level 2 US stock 60 market depth quotes
- Zero-commission trading on stocks and ETFs for both Malaysia and US markets for a limited time period
- Over 600 complimentary investment courses through Moo Learn.
- Vibrant online community, which connects over 1000 experts and key opinion leaders within a global investing community of over 21 million member.
A Limited Time Moomoo Offer
To celebrate its official launch, Moomoo MY is introducing exclusive promotions and benefits for Malaysian investors.
From now until March 31, 2024, new users who successfully open a Moomoo MY universal account and deposit a total of RM8000 qualify for a complimentary Apple share.
Those who open a Moomoo MY universal account with a cumulative deposit of RM500 will receive RM100 in cash rewards.
Moreover, traders who conduct at least one transaction using their Moomoo MY universal account during the promotional period will be granted one month of free access to Level 2 MY market data. Users have the opportunity to accumulate up to 6 months of complimentary Level 2 MY market data during this period.
Malaysian investors can initiate their investment journey with Moomoo by downloading the app from the Apple App Store or Google Play Store
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