A Visit to Moomoo in Singapore - Office Found

Reason for this visit

As the product of a merger of the former Singapore Stock Exchange and the Singapore International Monetary Exchange (SIMEX), Singapore Exchange (SGX) is the only stock exchange in Singapore, and also the first stock exchange enabling electronic trading in Asia. In terms of market regulation, the Monetary Authority of Singapore (MAS) is the primary regulator responsible for formulating and enforcing stock market policies and rules. In recent years, driven by financial technology, with service fees declining, it has become extremely convenient to invest in stocks in Singapore, attracting a large number of retail investors into the market. Therefore, more and more international brokers start to focus on the country. Overall, Singapore is a globally important financial center, and the local stock market is growing steadily in size and regulation, with sufficient liquidity and enhanced market confidence. In an attempt to help investors to get a more comprehensive understanding of the brokers in Singapore, WikiStock survey team decides to go to the country for on-site visits to local companies.

On-site visit

In this issue, the survey team went to Singapore to visit broker moomoo as planned according to its regulatory address that 1 Raffles Quay, #39-02, North Tower, Singapore 048583.

The investigators arrived at 1 Raffles Quay in Singapore on December 10, 2023. 1 Raffles Quay is a Grade A office building comprising 50-storey North Tower and 29-storey South Tower. Located between Raffles Place and Marina Bay, the building serves as a gateway between Singapore‘s traditional Business District and the New Downtown, while being connected to Singapore’s major Mass Rapid Transit (MRT) lines.

After accessing the tower, the survey personnel spotted a lobby directory, which displays that moomoo is situated on the 39th floor. And then the investigation team arrived at level 39 by the elevator, and found the company‘s office, where the company’s name, logo, and reception area could be seen through the glass door.

Through an on-side investigation, it is confirmed that moomoo does have a physical presence at the location.

Conclusion

The survey team went to Singapore to visit broker moomoo as scheduled, and found the companys name at its regulatory address. This indicates that the broker truly has a physical business office at the place. Meanwhile, investors are advised to make a judicious decision following an overall consideration.

Disclaimer

The content is used for informational purpose only, and shall not be taken as a final order for making a choice.