Following on my previous post where I spoke about FUTU Holdings (FUTU) earnings and how it has amassed a record no. of users, I decide to delve deeper into understanding why it has done so. With the rise in retail traders, partly driven by Covid 19 where you have more individuals picking up trading whilst working from home, we have seen an influx of brokerages on Singapore shores. Many of these brokerages are also offering competitive fees compared to the traditional brokerages. This has reflected strongly in Futu’s moomoo trading platform growth. It has garnered over 15 million users from more than 200 countries around the world, with an average million daily active users. A look at Futu’s Q2 2021 Financial Results shows that the total number of users has increased 66.8% year on year (yoy) to 15.5 million while the total client assets has increase by 253.5% yoy to HK$503.2 billion....