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Moomoo launches new forex product

Samantha Chiew
·2-min read

moomoo SG launched a new forex product on its super app.

Moomoo Financial Singapore (moomoo SG) announced that it is launching a new product – forex. Keen investors can now place currency trades with moomoo SG to enjoy top-tier liquidity and greater efficiency with orders executed via Straight-Through Processing (STP) technology.

Moomoo SG’s forex offering is designed for both existing and new retail investors to navigate the volatile market with exposure to the world’s most liquid asset class. Through moomoo SG, licensed and regulated by the Monetary Authority of Singapore (MAS), investors can directly access the forex market, with competitive spreads, top-tier liquidity from institutional partners, and five days a week, 24 hours each day availability for a leveraged trading experience.

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Capitalising on the wealth of educational materials on forex trading, users can watch tutorials to have a better understanding of the latest trends and risks associated with forex trading, empowering them to make smarter investments through portfolio diversification and holding a variety of asset classes.

Moomoo SG says that its competitive fees and ultra-thin spreads allows users to easily place currency trades. Users can also access 38 types of charts to spot trades and patterns that could signal reversals, continuations, entry and exit points. Moreover, as a regulated entity, moomoo SG’s house funds are segregated from its clients’. Investors will also get to enjoy the transparency of listed markets.

Furthermore, as a full-service digital brokerage, moomoo SG’s in-app moo community hub allows for real-time discussion of trading topics with like-minded users across continents.

Gavin Chia, managing director of moomoo SG says: “We are excited to launch forex trading on our moomoo super app. This is a big step towards enabling more efficient, integrated and smart investment opportunities for traders looking for an all-in-one user-friendly app to accomplish their investing strategies. We look forward to working with more industry partners and market participants to offer more hedging products, and solutions.”

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