Futu Holdings added 225,000 net new funded accounts in the first quarter, reaching 3.59 million total and keeping management on track for its full-year goal of 800,000 additions. The company now needs about 575,000 more funded accounts over the rest of the year, with second-quarter additions expected to remain stable from the first quarter. More than half of the first-quarter net new funded accounts came from Malaysia and Hong Kong, while Singapore delivered double-digit sequential growth and Japan saw stronger U.S. stock and options activity. Total users rose 14.9% to 30.2 million, client assets increased 47.2% to HK$1.22 trillion, and trading volume hit HK$4.15 trillion. Net income fell 61.2% to HK$831 million after a proposed RMB1.85 billion CSRC penalty, though S&P reaffirmed its BBB- rating with a stable outlook and management said the issue should not derail the 800,000-account guidance.
Robinhood Markets Inc
Interactive Brokers Group IncFutu Holdings LtdStrong net new funded account additions and client asset growth indicate robust customer demand for Futu's brokerage services.