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Retail FX
Futu Quarterly Profit Jumps 144% as Hong Kong Trading Explodes
2025-11-18T10:21:00.163+02:00
The online brokerage reports a net income of $414 million, driven by surging IPO activity and gains from cryptocurrency trading.
The revenue rises 86% year-over-year to $823 million as the number of funded accounts approaches 3.1 million.
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Damian Chmiel
Retail FX
Futu Holdings Posts 113% Profit Jump as Assets Under Management Surge
2025-08-20T10:32:55.523+02:00
The Hong Kong-based online brokerage reports a profit of 323 million for the second quarter of 2025.
The company now serves nearly 2.9 million funded accounts with total client assets reaching a record $124 billion.
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Damian Chmiel
Retail FX
Futu’s Q1 Revenue Receives Massive Boost as Trading Volume Skyrockets
2025-05-29T11:29:02.345+02:00
The Nasdaq-listed firm ended Q1 2025 with US$603.4 million in revenue and netted US$275.4 million.
Its trading volume for the period jumped 140.1 per cent to HK$3.22 trillion.
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Retail FX
Moomoo Moves Beyond Stocks with US Crypto Launch Backed by Coinbase
2025-05-27T16:20:50.233+02:00
Crypto will be integrated with the platform and offer charting and copy trading features.
The firm is a subsidiary of Futu and operates in the U.S., Australia, and Japan.
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Tareq Sikder
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Brokers
Futu Profit Surges 113% as AI and Crypto Stocks Fuel $371 Billion Trading Volume
2025-03-13T10:27:56.882+02:00
The company added 701,000 paying clients in 2024 and aims for 800,000 new clients in 2025.
Moreover, the wealth management business saw total client assets increase by 92.6% year-over-year to HK$110.9 billion.
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Damian Chmiel
Retail FX
Futu Adds 155,000 New Clients in Q2, Lifts Full-Year Target
2024-08-20T10:21:56.809+02:00
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.
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Damian Chmiel
Brokers
Futu Begins Bitcoin and Ether Trading amid Hong Kong’s Push for Crypto Hub
2024-08-01T14:22:54.088+02:00
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.
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Retail FX
Futu Buys into Airstar Bank, Now Holds 44.1% Indirect Stake
2024-06-07T10:19:39.657+02:00
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.
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Retail FX
Futu's New Paying Clients Surge 330% in Q1, Yet Profits Slip
2024-05-28T10:22:06.750+02:00
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.
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Damian Chmiel
Retail FX
Futu Brings 24/5 Stock Trading for Singapore and Australia Users
2023-06-02T11:14:19.636+02:00
The feature has been added to Futu's app, Moomoo.
Earlier, Futu brought similar features to its trading app in Hong Kong.
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Retail FX
Futu’s Profit Jumps 13% as Revenue and Trading Volume Grows in Q1
2023-05-24T16:04:22.374+02:00
Futu has secured provisional license approval in Malaysia.
The platform delisted its app from app stores in Mainland China last week.
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Solomon Oladipupo
Retail FX
News Nuggets | 16 May: Futu Exits China App Stores; Beeks' New Contract
2023-05-16T13:11:53.029+02:00
Also, the new ATFX's country manager and Matrixport's partnership with Copper.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
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Brokers
Futu Maintains Profit Growth in Q4 despite Trading Volume Decline
2023-03-28T11:43:15.443+02:00
Its net income for the quarter increased by 92.2 percent.
It earned $134.4 million from brokerage commissions and handling charge income.
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Arnab Shome
Retail FX
Futu and UP Fintech (Tiger Brokers) Face Regulatory Action in China
2022-12-30T13:32:32.030+02:00
Both platforms allow inventors from mainland China access to global stocks.
Earlier, the Chinese regulator said such online brokers are operating illegally.
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Retail FX
Futu Reports 23% Rise in Net Profit despite Lower Trading Volumes
2022-11-21T14:04:56.760+02:00
Futu earned $96.1 million in the third quarter of 2021.
Profit growth was achieved despite a 20% drop in quarterly trading volumes.
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Damian Chmiel
Brokers
Futu’s Singapore Subsidiary Becomes Full-Service Digital Broker
2022-06-30T11:42:48.226+02:00
It can now execute and settle transactions through its clearing system.
It is now expanding in markets outside China.
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Arnab Shome
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Retail FX
Exclusive: TipRanks Enters the Chinese Market with Futu Partnership
2022-06-28T09:00:00.000+02:00
Traders on Futu can now access TipRanks’ market analysis tools.
It came as a part of the Israeli company’s global expansion strategy.
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Brokers
Chinese Broker Futu’s Q4 2021 Revenue Jumps 35%, Net Profit Slips
2022-03-11T11:20:17.675+02:00
Revenue benefited from an increase in blended commission rate from 5.9bps to 7.0bps.
Trading volume in the quarter remained flat.
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Brokers
Chinese Online Broker Futu Gets Singapore Trading Approval
2022-02-13T08:59:46.246+02:00
The broker will start providing trading, clearing, and investment services in Singapore
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