A digital financial-services platform started in Palo Alto, Calif., is moving into its sixth international market. moomoo announced its expansion into Canada on Aug. 4, joining the United States, Singapore, Australia, Japan and Malaysia.
"This move aims to provide Canadian investors with easy-to-use, pro-grade tools, financial data, and insights, enabling them to analyze lucrative opportunities in global markets, especially in the US stock market," the company states in the press release.
Canadian users of the platform can access free features such as Level 2 Data, advanced analytical and charting tools, and financial information from leading media, the release states. It also has more than 3,000 free investment courses in several languages, and customized study plans that also monitor the user's progress and results, according to the release.
"Another distinctive feature that sets moomoo apart is its vibrant online community, connecting investors of all levels globally," moomoo states in the release. "This interactive platform facilitates the sharing of investment ideas, insights, and experiences, bringing together an environment of collaborative learning and growth."
Investment and trading platform moomoo provides global investors with professional-grade, user-friendly tools, data and information. Founded in California's Silicone Valley in 2018, the company launched its international operations in 2021 in the Singapore market then expanded into Australia, Japan and Malaysia, the release reports. The moomoo app has received positive recognition as a "premiere investment tool" from Japan's Nikkei Money, and has received numerous awards in the U.S., Singapore and Australia as a "global strategic partner of the New York Stock Exchange," the release states.
moomoo and its sister brand currently serve more than 20 million users in 200 regions, including more than 70,000 Canadian users using the app before it launched in the Canadian market, according to the release.
"We are proud and excited to bring our one-stop trading platform moomoo to Canada, the second launch in the North American region,” Steve Zeng, moomoo's Head of Global Strategy, said in the press release. “Our expansion into Canada signifies our commitment to providing exceptional services to a broader audience, enabling Canadian investors to access a comprehensive range of financial tools and resources entirely free."