Latest news with #moomoo
Techday NZ
2 days ago
- Business
- Techday NZ
Moomoo launches in New Zealand, offering US trades from USD $0.99
A new trading platform has launched in New Zealand, aiming to reduce barriers for local investors accessing US share markets by offering the lowest fees available for unlimited US trades and providing access to a broad range of stocks and exchange-traded funds. Founded in Silicon Valley in 2018, moomoo has expanded its presence globally, reaching over 25 million users across markets including the United States, Singapore, Australia, Japan, Canada, Hong Kong and Malaysia. This entry into the New Zealand market comes after moomoo's recent expansion into Australia, where it achieved the highest number of online broker app downloads within its first two years of operation. Investors in New Zealand now have the opportunity to trade more than 22,000 stocks and ETFs listed on markets in the United States, Australia, and Hong Kong. The platform offers more than 15,000 US stocks and ETFs at a fee of USD $0.99 (NZD $1.66) per trade. Michael McCarthy, Chief Executive Officer for moomoo Australia and New Zealand, said the platform was developed to democratise access to global markets for investors of all experience levels. "One of the unique features of moomoo is its ability to enable 'social investing', whereby the online community of global users are able to support and learn from one another, including sharing investing ideas and insights on stocks," McCarthy said. "This allows everyone from beginners to seasoned investors to learn investment strategies and share this experience with other users around the world. We also offer structured learning experiences and additional educational resources to assist users on their investment journey." McCarthy noted that these resources are targeted at helping investors track market trends, identify opportunities and make investment decisions that reflect their individual risk preferences and financial objectives. He added that the platform provides 24-hour US trading on every trading day, removing key time zone barriers for New Zealand investors and enabling access to US markets at any hour. "New Zealand has a strong investing culture, and we see growing demand for innovative, sophisticated tools that empower retail investors to navigate global markets with confidence," McCarthy said. "We are able to provide real-time market data, AI-powered analytics, advanced charting tools, and curated news from top-tier financial media outlets. These features transform the complexity of financial markets into intuitive, actionable insights, seamlessly integrated into the platform's user-centric interface." As part of its launch, moomoo is offering new users in New Zealand commission-free trading on Australian and US stocks for their first 30 days. Additional incentives include free reward stocks for users following eligible deposits. The moomoo app allows New Zealand investors to access features such as options trading and dividend reinvestment plans for US-listed shares, aiming to cater for a diverse range of investment strategies and needs.
Scoop
4 days ago
- Business
- Scoop
Kiwi Investment Volumes On Wall Street At Near Record Levels
The latest figures show New Zealanders' ownership of US securities, including shares and bonds, hit US$67.1 billion in March 2025, more than double the value of five years ago. The value of Kiwi's investments in Wall Street has reached a near record high, according to new data from the US Treasury. The latest figures show New Zealanders' ownership of US securities, including shares and bonds, hit US$67.1 billion in March 2025, more than double the value of five years ago.[1] Shares in listed companies are the largest investment, with US$51.3 billion in US stocks and exchange-traded funds (ETFs) – a 152% increase over the same month in 2020. US government and corporate bonds account for another US$14.8 billion. Michael McCarthy, Australia and New Zealand CEO of share-trading platform moomoo, says the data highlights the growing scale of international reach and diversification by Kiwi investors. He says New Zealand's low interest-rate environment in recent years has pushed investors to seek higher yields abroad, especially in US equities and tech-heavy indices, which have delivered strong returns post-COVID. McCarthy says fintech platforms are now democratising entry into international markets for younger investors, who have a particular interest in US tech stocks and ETFs. 'We have seen that the relatively strong Kiwi dollar in the earlier post-pandemic period made US investments more attractive and affordable for Kiwi investors. 'There was an awareness that exposure to US assets could provide a hedge against domestic inflation and NZD depreciation, especially relevant given recent macroeconomic volatility. 'We have also seen large institutional investors, such as the NZ Super Fund and KiwiSaver providers, steadily increase their exposure to global equities to diversify risk and chase international growth,' he says. McCarthy says growing local demand from retail investors has seen them launch its trading platform in NZ this week, to lower barriers to entry by offering the lowest fees in the local market for unlimited US trades as well as the widest range of US stocks and ETFs. Founded in Silicon Valley in 2018, moomoo has grown to over 25 million users in the US, Singapore, Australia, Japan, Canada, Hong Kong and Malaysia. The platform's New Zealand launch follows its entry into the trans-Tasman market, where it recorded the most downloads of any online broker app within its first two years. Kiwi traders will now be able to trade more than 22,000 stocks and ETFs across the US, Australia and Hong Kong, including more than 15,000 US stocks and ETFs for only US$99c per trade (NZ$1.66). McCarthy says the platform has been designed to accommodate both novice and experienced investors. 'One of the unique features of moomoo is its ability to enable 'social investing', whereby the online community of global users are able to support and learn from one another, including sharing investing ideas and insights on stocks. 'This allows everyone from beginners to seasoned investors to learn investment strategies and share this experience with other users around the world. We also offer structured learning experiences and additional educational resources to assist users on their investment journey.' McCarthy says these resources help investors explore market trends, identify opportunities and make informed decisions that align with their risk levels and goals. He says the platform also allows 24-hour US trading, every trading day, eliminating significant time zone barriers to enable local investors to capitalise on opportunities at any time. 'The US Treasury data shows New Zealand has a strong investing culture, and we see growing demand for more sophisticated tools that empower retail investors to navigate global markets with confidence. 'We are able to provide real-time market data, AI-powered analytics, advanced charting tools and curated news from financial media outlets. These features help reduce the complexity of financial markets into intuitive, actionable insights that are integrated into the platform's interface. McCarthy says as part of its New Zealand launch, moomoo is offering new users $0 commission trading on Australian and US stocks for the first 30 days, with free reward stocks for users upon eligible deposits. He says with the moomoo app now available in New Zealand, local investors can also access options trading and dividend reinvestment plans for US stocks, catering to the diverse investment needs of New Zealanders. . Accessed June 1, 2025.
Malaysian Reserve
4 days ago
- Business
- Malaysian Reserve
Moomoo Malaysia Supported by Bursa Malaysia Launch Campaign to Drive Retail Investor Growth and Capability
KUALA LUMPUR, Malaysia, June 6, 2025 /PRNewswire/ — Moomoo Securities Malaysia Sdn. Bhd. ('Moomoo Malaysia') has launched a strategic investor development campaign supported by Bursa Malaysia in conjunction with Bursa Malaysia's Shares2U program, aimed at equipping Malaysian retail investors with the tools, incentives, and market structure needed to engage capital markets with greater confidence and competence. Running from 6 June to 7 July 2025, this campaign blends incentive-led onboarding with performance-based learning. New and experienced investors alike can access a streamlined, technology-driven trading experience via the Moomoo Malaysia platform, which offers tools, insights, and live data to support smarter investment decisions. The campaign introduces a two-pronged opportunity for Malaysians to build investing confidence through: Rewards worth up to RM 2,200 for new moomoo users, including RM 400 worth of Bursa-listed stocks, and A national Malaysia stock trading challenge that is open to all users, with a total prize pool of up to RM 14,000, designed to sharpen real-market trading skills. Central to the campaign is moomoo's emphasis on capability-building. The platform delivers real-time market data, advanced screeners, and analytics tools typically used by professional investors tailored for Malaysian users. By aligning incentives with trading education and decision-making, the campaign supports more informed, self-directed participation in Malaysia's capital markets. 'The long-term health of Malaysia's capital markets will be shaped not by short-term retail surges, but by sustained, self-directed investor capability,' said Ivan Mok, Chief Executive Officer of Moomoo Malaysia. 'This campaign supports that trajectory – not just through access to market, but through informed engagement with the market. In partnership with Bursa Malaysia, we're combining institutional trust with our professional-grade, real-time trading tools to help Malaysians become active, smart and informed participants in the stock market.' Elevating Investor Literacy at Scale Unlike traditional campaigns focused solely on incentives, this initiative emphasises market experience and financial literacy. The moomoo platform provides Malaysian users with institutional-grade tools, including real-time data feeds, advanced screeners, and analytics, in a retail-accessible environment. This technology-first approach is intended to strengthen trading discipline and investor readiness across market cycles. 'With markets entering a more uncertain phase – from renewed trade tensions to sector-level volatility, the gap between simply participating and investing with discipline is becoming more obvious,' said Ivan Mok, CEO of Moomoo Malaysia. 'In this environment, investors need more than access. They need the tools and experience to think strategically, manage risk, and stay engaged. That's the focus of this campaign, to help investors build capability in real time, with the tools and experience to think strategically, manage risk, and stay engaged in the market.' The trading challenge is open to all users, while additional rewards are available exclusively to new users who meet the qualifying deposit criteria. For more information, visit our website. *T&Cs apply. Stock rewards value will fluctuate based on market conditions. Investments involve risk. Full disclaimers at This advertisement has not been reviewed by SC.
Scoop
4 days ago
- Business
- Scoop
Kiwi Investment Volumes On Wall Street At Near Record Levels
The value of Kiwi's investments in Wall Street has reached a near record high, according to new data from the US Treasury. The latest figures show New Zealanders' ownership of US securities, including shares and bonds, hit US$67.1 billion in March 2025, more than double the value of five years ago.[1] Shares in listed companies are the largest investment, with US$51.3 billion in US stocks and exchange-traded funds (ETFs) – a 152% increase over the same month in 2020. US government and corporate bonds account for another US$14.8 billion. Michael McCarthy, Australia and New Zealand CEO of share-trading platform moomoo, says the data highlights the growing scale of international reach and diversification by Kiwi investors. He says New Zealand's low interest-rate environment in recent years has pushed investors to seek higher yields abroad, especially in US equities and tech-heavy indices, which have delivered strong returns post-COVID. McCarthy says fintech platforms are now democratising entry into international markets for younger investors, who have a particular interest in US tech stocks and ETFs. 'We have seen that the relatively strong Kiwi dollar in the earlier post-pandemic period made US investments more attractive and affordable for Kiwi investors. 'There was an awareness that exposure to US assets could provide a hedge against domestic inflation and NZD depreciation, especially relevant given recent macroeconomic volatility. 'We have also seen large institutional investors, such as the NZ Super Fund and KiwiSaver providers, steadily increase their exposure to global equities to diversify risk and chase international growth,' he says. McCarthy says growing local demand from retail investors has seen them launch its trading platform in NZ this week, to lower barriers to entry by offering the lowest fees in the local market for unlimited US trades as well as the widest range of US stocks and ETFs. Founded in Silicon Valley in 2018, moomoo has grown to over 25 million users in the US, Singapore, Australia, Japan, Canada, Hong Kong and Malaysia. The platform's New Zealand launch follows its entry into the trans-Tasman market, where it recorded the most downloads of any online broker app within its first two years. Kiwi traders will now be able to trade more than 22,000 stocks and ETFs across the US, Australia and Hong Kong, including more than 15,000 US stocks and ETFs for only US$99c per trade (NZ$1.66). McCarthy says the platform has been designed to accommodate both novice and experienced investors. 'One of the unique features of moomoo is its ability to enable 'social investing', whereby the online community of global users are able to support and learn from one another, including sharing investing ideas and insights on stocks. 'This allows everyone from beginners to seasoned investors to learn investment strategies and share this experience with other users around the world. We also offer structured learning experiences and additional educational resources to assist users on their investment journey.' McCarthy says these resources help investors explore market trends, identify opportunities and make informed decisions that align with their risk levels and goals. He says the platform also allows 24-hour US trading, every trading day, eliminating significant time zone barriers to enable local investors to capitalise on opportunities at any time. 'The US Treasury data shows New Zealand has a strong investing culture, and we see growing demand for more sophisticated tools that empower retail investors to navigate global markets with confidence. 'We are able to provide real-time market data, AI-powered analytics, advanced charting tools and curated news from financial media outlets. These features help reduce the complexity of financial markets into intuitive, actionable insights that are integrated into the platform's interface. McCarthy says as part of its New Zealand launch, moomoo is offering new users $0 commission trading on Australian and US stocks for the first 30 days, with free reward stocks for users upon eligible deposits. He says with the moomoo app now available in New Zealand, local investors can also access options trading and dividend reinvestment plans for US stocks, catering to the diverse investment needs of New Zealanders. [1] U.S. Department of the Treasury. Treasury International Capital (TIC) Data: Table 1. Treasury International Capital (TIC) System website. [Publication Date, if available on the page]. Available from: Accessed June 1, 2025.
Yahoo
15-05-2025
- Business
- Yahoo
Futu to Report First Quarter 2025 Financial Results on May 29, 2025
HONG KONG, May 15, 2025 (GLOBE NEWSWIRE) -- Futu Holdings Limited ('Futu' or the 'Company') (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that it will report its financial results for the first quarter ended March 31, 2025, before U.S. markets open on May 29, 2025. Futu's management will hold an earnings conference call on Thursday, May 29, 2025, at 7:30 AM U.S. Eastern Time (7:30 PM on the same day, Beijing/Hong Kong Time). Please note that all participants will need to pre-register for the conference call, using the link It will automatically lead to the registration page of "Futu Holdings Ltd First Quarter 2025 Earnings Conference Call", where details for RSVP are needed. Upon registering, all participants will be provided in confirmation emails with participant dial-in numbers and personal PINs to access the conference call. Please dial in 10 minutes prior to the call start time using the conference access information. Additionally, a live and archived webcast of this conference call will be available at About Futu Holdings Limited Futu Holdings Limited (Nasdaq: FUTU) is an advanced technology company transforming the investing experience by offering fully digitalized financial services. Through its proprietary digital platforms, Futubull and moomoo, the Company provides a full range of investment services, including trade execution and clearing, margin financing and securities lending, and wealth management. The Company has embedded social media tools to create a network centered around its users and provide connectivity to users, investors, companies, analysts, media and key opinion leaders. The Company also provides corporate services, including IPO distribution, investor relations and ESOP solution services. Investor Contact Investor RelationsFutu Holdings Limitedir@ in to access your portfolio
