Because they are mobile internet companies that choose brokerage as a business model, rather than a brokerage choosing mobile internet as a channel.

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 [email protected].



  1. Futu is one of IBKR’s institutional customers. Majority of the more difficult-to-build functionalities that require domain knowledge sit in IBKR’s infrastructure. It’s easy to build Futu or tiger, but not easy to build IBKR. Look at what happened to Robinhood.

Comments are closed.