Moomoo Malaysia Global Market with Singapore Exchange (SGX) Trading
August 8, 2024Moomoo Securities Malaysia Sdn. Bhd. (Moomoo Malaysia) is delighted to announce that Malaysian investors can now trade stocks, ETFs, REITs, Structured Warrants, and DLCs from the Singapore Exchange (SGX) directly through the moomoo app. This strategic expansion represents a significant milestone in Moomoo Malaysia’s mission to empower Malaysian investors with seamless access to global markets, offering a wide array of opportunities on one of Asia’s leading stock exchanges.
Empowering Investors with Global Reach
Moomoo Malaysia’s entry into the SGX underscores its steadfast commitment to providing Malaysian investors with comprehensive access to global markets. This integration of SGX trading services is further enhanced by extensive educational resources, designed to help investors navigate the complexities of international markets and make informed decisions. The initiative aims to create a more inclusive investment environment, enabling users to diversify their portfolios with high-potential stocks from Singapore’s vibrant market.
Ivan Mok, CEO of Moomoo Malaysia, shared the broader vision behind this expansion: “Our goal has always been to democratize investment opportunities for Malaysians. By incorporating SGX offerings into our platform, alongside our market insights, tools, and educational resources, we are empowering our users to access a diverse and robust market, thereby fostering more informed and strategic investment decisions. This is a significant milestone in our journey to enhance financial inclusivity and literacy among Malaysian investors.”
Connecting Markets: Tapping into Moomoo’s Growing Regional Investor Base
This expansion not only benefits investors but also offers substantial advantages to listed companies. Increasingly, SGX-listed companies are turning to Moomoo to connect with our extensive regional investor base. Moomoo’s Investor Relations (IR) solutions for SGX-listed companies have gained traction, providing these companies with unmatched access to a broader investor audience in the region.
“For example, a leading telecommunications company will be hosting webinars with Moomoo for their upcoming earnings release, leveraging our strong client base across the region. This partnership, among others, underscores the growing interest and engagement among investors, fueled by Moomoo’s comprehensive platform and wide reach,” Ivan added.
Seamless Integration, Lowering Barriers, Intuitive Tools
Moomoo Malaysia’s platform goes beyond merely providing access; it enhances the entire investment experience. With advanced analytics, real-time data, and intuitive screening tools, investors are empowered to make well-informed decisions. Whether you’re an experienced trader or just starting, Moomoo Malaysia’s technology simplifies complex concepts and helps you build a portfolio that aligns with your financial goals.
The expansion to SGX also includes a competitive pricing structure on trades, featuring 0% commission*, significantly lowering the cost barriers for investors. This initiative aligns with Moomoo’s mission to make investing more accessible, encouraging a broader demographic of Malaysians to engage in the equity markets.
“Our competitive pricing on SGX trades is a strategic move to support investors in building diversified portfolios with reduced cost barriers. We are committed to continually enhancing the investment experience on Moomoo, ensuring that our users have the best tools and opportunities at their disposal,” Ivan continued.
Since its launch in February 2024, Moomoo Malaysia has been dedicated to promoting financial literacy and equipping investors with the knowledge and tools needed to succeed in financial markets. With over 300,000 users since its inception, Moomoo Malaysia rapidly became the No. 1 downloaded financial app in Malaysia by April 2024. The platform was recently honored with the ‘Best Up and Coming Digital Investment Platform’ award at the PC.com 2024 Readers’ Choice Awards. This remarkable growth, achieved in just five months, highlights the platform’s success in transforming the investment landscape by offering unparalleled access and resources to investors.