Futu's overseas independent brand Moomoo announced that Moomoo Canada has been approved as a non-trading member of the Toronto Stock Exchange (“DSE”) and its GEM. The membership will officially take effect on March 29.
The Stock Exchange is an important platform for Canadian companies to enter the capital market. Moomoo Canada officially became a non-trading member of the Stock Exchange and its GEM, marking that its online securities business has been widely recognized by the local industry since its launch. In the future, through this membership, Moomoo Canada will provide Canadian investors with a wider range of investment opportunities. Previously, Moomoo has obtained more than 50 licenses and qualifications issued by local regulators and industries in various markets including Canada, the United States, Singapore, Australia, and Japan, and has become a brand trusted by more than 21 million users around the world.
Zeng Yuchao, head of internationalization strategy at Futu Holdings Ltd., said, “Moomoo Canada has become a non-trading member of the Multiple Exchange and its GEM. This is another new milestone since Moomoo entered the Canadian market. As a leading global investment and trading platform, moomoo strives to create an innovative and easy-to-use technology investment journey for global users. Currently, it has been recognized and praised by the industry in many markets around the world, and has become a trusted platform for global investors. As our business continues to grow in Canada, we are excited to provide local investors with more investment options to help them seize global investment opportunities.
On January 28, Moomoo Canada also officially launched an options trading service for Canadian investors. Since the Canadian market officially launched in September last year, it has once again added its investment service categories to cover a more comprehensive range of trading types. In order to fully meet the diverse needs of beginner and advanced investors, moomoo will provide users with professional and easy to use free options analysis and data tools, including free real-time option chains, real-time price alerts, etc. The platform can also support investors to conduct risk-free options simulation transactions.
Moomoo Canada has previously launched registered accounts RRSP (Registered Retirement Savings Plan) and TFSA (Tax-Free Savings Account) in Canada, bringing local investors more diverse trading account options and seizing investment opportunities. Currently, Moomoo Canada has provided local investors with extended trading services for US stocks and Canadian stocks. Moomoo's R&D subsidiary also successfully obtained patents officially authorized by the US Patent and Trademark Office earlier. Patent tools, including Gann Box, Fibonacci withdrawal, etc., can all be used free of charge by Canadian investors. In addition, the platform also provides Canadian investors with a series of tools, covering heat maps, simulated transactions, industry chains, etc. These immediate and professional information aids can help investors make better decisions.
Since entering the Canadian market, moomoo has been popular with local investors, and in just a few months it has become the top three most downloaded online brokerage apps in Canada.