[2][3][4] Alongside its sister brand, Futubull in Hong Kong, Moomoo serves a user base of over 24.1 million individuals.
The founders recognized that many essential tools and data for smarter investing were not easily accessible, and aimed to make these resources available.
[5][9] During 2024, Moomoo and Nasdaq announced a new Global Strategic Partnership, marking six years of collaboration focused on enhancing investor education and improving market access.
That same year, the company obtained a trading license from the U.S. Securities and Exchange Commission (SEC), allowing it to operate in all 50 states and U.S.
It also provides users with market data, financial news, interactive social features, and investor education, while offering low to no trading fees.
[31] By Q2 2024, Moomoo ranked among the top three stock trading apps in Australia based on average user ratings on Google Play.
In the same month, Moomoo Japan appointed Yutaka Matsushige as its brand ambassador and launched a prominent offline advertising campaign in Tokyo, boosting its visibility.
[37] Moomoo Japan was also recognized by Nikkei Money as a top platform for high-net-worth investors, further solidifying its presence in the market.
Within six months of its launch, Moomoo Malaysia was voted "Best Up and Coming Digital Investment Platform" at the 2024 PC.com Readers Choice Awards.
[45] Through partnerships with local securities exchanges, Moomoo expanded its stock coverage, providing access to a wider range of listed Canadian companies.
[46][47] Moomoo, marked its six-year collaboration with Nasdaq by announcing a new Global Strategic Partnership focused on promoting investor education and expanding market access.
The collaboration is aimed at providing investors with educational content on financial products, trading, and industry insights, leveraging resources from the NYSE.
To commemorate the partnership, Moomoo US hosted an event at Cboe's Chicago trading floor on November 16, 2023, featuring VIPs and management teams, followed by an educational session to introduce the newly launched products.
[51][52] This contribution will help fulfill the wishes of children in Singapore, Hong Kong, the U.S., and Australia who have been diagnosed with life-threatening illnesses.
To help female investors overcome these obstacles, Moomoo introduced various solutions, including free financial education courses and access to a global investing community of 23 million members.
Fox News reported that Moomoo's executing brokers also briefly paused trading on GameStop stock, similar to other platforms such as Robinhood.
[62][63][64] The company has been brought into the spotlight by US politicians worried about Chinese influence in the US markets while determining if TikTok should be viewed as a security risk.
Senator Tommy Tuberviĺe and Rep. Jim Banks asked the SEC and FINRA to investigate if information such as Social Security numbers, mailing addresses, and financial account data was being abused.