To celebrate the partnership, new Moomoo users funding their accounts via GXBank are eligible for exclusive rewards.
Moomoo Malaysia, a leading local trading app, has partnered with GXBank to simplify investing for Malaysians, enabling GXBank customers to instantly transfer funds to their Moomoo accounts in a seamless transition from saving to buying a stake in prominent businesses.
To encourage customers to participate in the joint offering, the companies introduced a limited-time welcome promotion valid until 23 March 2025. It’s giving GXBank clients who open a new Moomoo Universal account and deposit funds via their GXBank account access to exclusive rewards, including up to 4x additional Grab shares and 1.7x Apple shares.
This initiative aims to make investing more accessible and user-friendly, providing tools such as real-time market data and advanced analytics to support informed decision-making among Malaysian investors.
The collaboration goes in line with the current investment environment in the country. In 2024, Malaysia’s stock market made a strong comeback, with billions of dollars flowing into the local exchange, once regarded as one of the weakest in the region. In addition, the Bursa Malaysia benchmark index has risen by as much as 17% over the past year. According to Bursa Malaysia’s operator, investors opened 289,000 new trading accounts in the first seven months of 2024, nearly double the total for all of 2023.
As investments are growing more popular among Malaysian citizens, Moomoo Malaysia and digital-only GXBank hope to further motivate Malaysians to take an active role in shaping their financial future and support them in reaching their aspirations, encouraging their investment entry with seamless financial solutions.
Moomoo is a global investment and trading platform that has been operating since 2018. It is present in many important markets, including the U.S., Singapore, Australia, Japan, Malaysia, and Canada. The company offers retail stock trading services to an expanding user base of over 24 million. Moomoo provides advanced trading tools, real-time market data, and an online community for investors. In Malaysia, Moomoo has become a leading digital investment platform, surpassing 100,000 clients within six weeks of its launch and becoming the most downloaded financial app in the country.
GXBank is a digital bank in Malaysia, operating under a license from Bank Negara Malaysia. It focuses on providing innovative digital banking services to enhance financial inclusion and accessibility for Malaysians, such as savings accounts, fund transfers, and more.
