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Technology has overhauled the world of finance, and the adoption of all things digital has led to the rising popularity of online brokerage and wealth management platforms. And there have been waves of first-time investors who may not have a huge pool of money, or are seeking to try out investing for the first time. |
Online brokerage and wealth management platforms offer control and real-time monitoring.
At the same time, wealth management platforms offer personalised financial plans to reach financial goals.
Call it a once in-a-generation shift in the wealth management industry. Capitalizing on this trend is NASDAQ-listed and Tencent-backed Futu Holdings Limited (NASDAQ: FUTU).
It offers a digital gateway into broader financial services and empower youth through its low-cost and user-friendly trading platform, moomoo.
One of China’s earliest online brokers, Futu has grown rapidly since its founding in 2012, allowing investors to trade stocks in major markets like Hong Kong and the United States. Futu’s trading app in China, Futubull (富途牛牛) accommodates more than 12 million users as of now.
Futu now has more than 1,400 employees and occupies three floors next to Tencent Holdings’ Headquarters.
In an already crowded marketplace, moomoo stands out with its low commissions and seamless investing experience, and is known for being reliable, secure and stable.
It is licensed and regulated by the Monetary Authority of Singapore.
Limited-time offer from 8 February to 7 March 2021: Due to overwhelming response towards moomoo’s launch (for first 1,500 users) in Singapore, moomoo has extended its offer for a limited time.
• For more details, see: https://j.futunn.com/00289u
• To open an account, click: https://j.futunn.com/00289t
moomoo’s trading capabilities are also backed by its self-developed, proprietary trading system.
Users can now make use of a simplified investment process through the platform’s market accessibility, data options, low commissions and user fees, reducing friction to access global investable products.
There is a zero-entry cost to acquire Level II market data, reducing friction to access global investable products.
Through its wide array of product offering of powerful, in-depth and customised analytical tools, moomoo also hopes to grow its community of like-minded investors that diversify and stress test investment ideas through informed decision-making.
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Futu’s market value too has surged, reaching USD$15.7 billion as of 5 February 2021 on a stock price of USD$116. That’s nearly 10X its initial public offering price of USD$12 in March 2019. |
