Handian Santoso asked 2 years ago
I do use moomoo for US options trading but my account with it, is quite small. In terms of investing large amount of money 500k beyond, may I know how safe this company is? As I am aware using normal CDP account if broker got liquidated, our stocks is safely stored in CDP. However, what happen if this happens to companies like MooMoo, WeBull, etc got liquidated? Will it possible for us to get back our portfolio?
1 Answers
Rusmin Ang Staff answered 2 years ago
Hi Santoso,
Moo Moo is owned by Futu which is listed in US stock exchange. They are licensed by MAS in Singapore, so I think it is quite safe in that sense. In the event if Moo Moo ever got into trouble, your funds with them should be protected as they are required by MAS to hold them separately.
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