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Retail FX

Futu Adds 155,000 New Clients in Q2, Lifts Full-Year Target

The company reported strong Q2 2024 results with revenue up 25.9% year-over-year to HK$3.13 billion
It also raised its full-year guidance, targeting 550,000 new paying clients for 2024.

Tuesday, 20/08/2024 | 08:21 GMT by Damian Chmiel

Brokers

Futu Begins Bitcoin and Ether Trading amid Hong Kong’s Push for Crypto Hub

The firm is seeking a crypto exchange license for its new platform, PantherTrade.
Tiger Brokers started offering crypto trading in May after a license upgrade.

Thursday, 01/08/2024 | 12:22 GMT by Tareq Sikder

Retail FX

Futu Buys into Airstar Bank, Now Holds 44.1% Indirect Stake

The firm has invested HKD440 million in Airstar Bank, becoming its second largest beneficial owner.
Earlier, its Moomoo App introduced 24-hour trading for US stocks in Singapore and Australia.

Friday, 07/06/2024 | 08:19 GMT by Tareq Sikder

Retail FX

Futu's New Paying Clients Surge 330% in Q1, Yet Profits Slip

The number of paying clients increased 23.5% year-over-year to 1.89 million.
However, the net income fell by 13.1% due to the higher marketing costs.

Tuesday, 28/05/2024 | 08:22 GMT by Damian Chmiel

Retail FX

Futu Brings 24/5 Stock Trading for Singapore and Australia Users

The feature has been added to Futu's app, Moomoo.
Earlier, Futu brought similar features to its trading app in Hong Kong.

Friday, 02/06/2023 | 09:14 GMT by Arnab Shome

Retail FX

Futu’s Profit Jumps 13% as Revenue and Trading Volume Grows in Q1

Futu has secured provisional license approval in Malaysia.
The platform delisted its app from app stores in Mainland China last week.

Wednesday, 24/05/2023 | 14:04 GMT by Solomon Oladipupo

Retail FX

News Nuggets | 16 May: Futu Exits China App Stores; Beeks' New Contract

Also, the new ATFX's country manager and Matrixport's partnership with Copper.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.

Tuesday, 16/05/2023 | 11:11 GMT by Finance Magnates Staff

Brokers

Futu Maintains Profit Growth in Q4 despite Trading Volume Decline

Its net income for the quarter increased by 92.2 percent.
It earned $134.4 million from brokerage commissions and handling charge income.

Tuesday, 28/03/2023 | 09:43 GMT by Arnab Shome

Retail FX

Futu and UP Fintech (Tiger Brokers) Face Regulatory Action in China

Both platforms allow inventors from mainland China access to global stocks.
Earlier, the Chinese regulator said such online brokers are operating illegally.

Friday, 30/12/2022 | 11:32 GMT by Arnab Shome

Retail FX

Futu Reports 23% Rise in Net Profit despite Lower Trading Volumes

Futu earned $96.1 million in the third quarter of 2021.
Profit growth was achieved despite a 20% drop in quarterly trading volumes.

Monday, 21/11/2022 | 12:04 GMT by Damian Chmiel

Brokers

Futu’s Singapore Subsidiary Becomes Full-Service Digital Broker

It can now execute and settle transactions through its clearing system.
It is now expanding in markets outside China.

Thursday, 30/06/2022 | 09:42 GMT by Arnab Shome

Retail FX

Exclusive: TipRanks Enters the Chinese Market with Futu Partnership

Traders on Futu can now access TipRanks’ market analysis tools.
It came as a part of the Israeli company’s global expansion strategy.

Tuesday, 28/06/2022 | 07:00 GMT by Arnab Shome

Brokers

Chinese Broker Futu’s Q4 2021 Revenue Jumps 35%, Net Profit Slips

Revenue benefited from an increase in blended commission rate from 5.9bps to 7.0bps.
Trading volume in the quarter remained flat.

Friday, 11/03/2022 | 09:20 GMT by Arnab Shome

Brokers

Chinese Online Broker Futu Gets Singapore Trading Approval

The broker will start providing trading, clearing, and investment services in Singapore

Sunday, 13/02/2022 | 06:59 GMT by Nicholas Otieno

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