Barely a few days after we published this short commentary about Futu and Tiger brokers, Futu announced the official launch of its brand Moomoo in Singapore.

Zero commission for trading of US, Hong Kong and Singapore stocks aside, Moomoo also offers any new account 1 Apple share for free. This is not a bad strategy considering that the acquisition cost is just about US$100 (or even lower).

Best comment comes from a friend of ours, who says Futu “to me is the best mobile game ever“.

Thanks for reading The Low Down (TLD), the blog by the team at Momentum Works. Got a different perspective or have a burning opinion to share? Let us know at hello@mworks.asia.