Futu Expands Investment Platform moomoo into Malaysia

Futu Holdings Limited (Futu), a US-listed Chinese online brokerage, has introduced its online trading app, moomoo​, to the Malaysian market, marking a big step in its Southeast Asia business expansion.

According to the official press release, Futu's wholly-owned subsidiary in Malaysia has secured the Approval-In-Principle (AIP) for the Capital Markets Services License from the Securities Commission Malaysia.

"We are thrilled to have been granted the AIP from the SC, as it is a validation of our mission and vision to make investing more convenient and accessible to investors worldwide," said Robin Xu, Senior Partner and Senior Vice President, Futu. "Following our success in Singapore and other APAC markets, we are well-equipped to bring our international know-hows in transforming the digitised investment landscape in Malaysia."

Futu values Malaysia as a strategic location to roll out its cutting-edge super investment platform.