US-based one-stop digital financial service platform Moomoo has announced the expansion of its services into the Canadian market.
Through the Canadian foray, moomoo intends to deliver investors in the country with easy-to-use, pro-grade tools, financial data and insights. These are expected to help them analyse profitable possibilities in worldwide markets, particularly in the US stock market.
Canada is moomoo’s sixth international market, following its presence in the US, Australia, Singapore, Japan, and Malaysia.
According to the investment and trading platform, Canadian users will have free access to a plethora of features, including free Level 2 Data, advanced charting and analytical tools and financial information obtained from media agencies.
Moomoo global strategy head Steve Zeng said: “We are proud and excited to bring our one-stop trading platform moomoo to Canada, the second launch in the North American region.
“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.”
The moomoo platform is said to feature a vibrant online community which connects investors of all levels around the world.
Moomoo said that the interactive platform facilitates the sharing of investment ideas, insights, and experiences, creating an environment of collaborative learning and growth.
Furthermore, the US-based platform claimed that there are over 70,000 Canadian users who are currently using the moomoo app prior to its launch into the Canadian market.
Established in Silicon Valley, the US in 2018, moomoo started its global expansion in 2021 with its entry into the Singaporean market.
The platform, which is a subsidiary of Nasdaq-listed Futu, serves as a global strategic partner of the New York Stock Exchange (NYSE).