Investors in Singapore Stand Firm with Moomoo, Tiger Brokers, Longbridge Amid China Curbs

Users of Moomoo, Tiger Brokers, and Longbridge Securities in Singapore are maintaining their investments with these digital brokerages despite recent regulatory actions targeting their Chinese parent companies. In late May, these platforms were collectively fined over US$330 million for conducting cross-border securities business without the required licenses. The brokerages are popular in Singapore due to their commission-free or low-fee trading, rich user interfaces, and access to multiple markets. Singaporean investor Chloe Teo expressed confidence in the regulatory oversight provided by the Monetary Authority of Singapore (MAS) and the separation of customer funds from the brokerages’ assets.