Terms and Conditions for Australia's Paper Trading Competitions in May

Sign-up period: 1 May 2024, 0:00 AM (AET) – 31 May 2024, 4:00 PM (AET)

Competition period: 8 May 2024 0:00 AM (AET) – 31 May 2024 4:00 PM (AET)

 

The Moomoo US Stocks Paper Trading Championship and the Moomoo Australian Stocks Paper Trading Championship (hereafter collectively referred to as the "Competition") are organised by Futu Securities (Australia) Ltd trading as Moomoo AU, ABN 51 095 920 648 ("Moomoo AU) and are open to Moomoo users who are Australian residents over 18 years of age. Eligible users who successfully signed up to the Competiotions are referred hereinafter as "Participants".

Although it is not an essential requirement to have a live share trading account with Moomoo AU to enter the Competition, the redemption of certain rewards and prizes won in the Competition, if applicable, may require a valid and current Moomoo AU account.

 

The Competition's prizes （collectively as "Rewards") are awarded in two categories: rank-based prizes and weekly gain prizes for new clients*:

Rank-based prizes: The participant with the highest total yield by the end of the competition will be awarded a prize valued at more than AUD$6,000 *, which includes a premium stock package with One NVidia (NVDA) share, one Apple Inc (AAPL) share, one Tesla Motors (TSLA) share, plus a USD$2,000 Brokerage-free card for US stocks for 180 days, a AUD$2,000 Brokerage-free card for Australian stocks for 180 days, one year free subscription to US level 2 dynamic market data (NASDAQ Totalview), and one year free subscription to ASX level 2 dynamic market data.

Weekly gain prizes for new clients: During the competition, any new client who has yet to conduct a buy trade in live trading and achieves a weekly gain of 3% will be eligible for a one-time claim of a $20 stock cash coupon.

The above prizes are available for winners in both the US Stock Paper Trading Masters Championship and the Australian Stock Paper Trading Masters Championship and can be claimed once the necessary criteria are met. Prizes will be distributed within 14 working days after the competitions.

 

*New clients refer to Australian residents over the age of 18 who have never filled any BUY order in any exchange-traded products available on Moomoo AU before 2024/05/08 00:00 AM（AEST).

 

*Rank-based prizes value

Prizes		Value	Remark
premium stock package	a single share of NVIDIA	877.570 USD	Closing price at 04/29 16:00 ET Stock price fluctuations may cause the award value to change.
	a single share of Apple	173.500 USD
	a single share of Tesla	194.050 USD
Brokerage-free card	for US stocks	2,000 USD
	for Australian stocks	2,000 AUD
One-year quote card	for US Nasdaq TotalView Quote	311.88 USD	Check the details in Market Data in moomoo APP. Entry Instructions: Me > Market Data
	for AU LV2 Advanced Quote	384 AUD

 

*Each competition has a weekly issuance limit of 500 $20 stock cash coupons. If the number of qualifying participants exceeds this limit, the coupons will be issued to the top 500 participants based on their earnings rankings.

 

Brokerage-free Cards waive brokerage charged on trades executed in the relevant exchanges, however requires manual activation by the bearer to take effect. The cards can be found and activated under "Me" tab - My Rewards" in the Moomoo mobile app.

Each Brokerage-free Card rewarded in this Competition is valid for 180 days from the date of manual activation, or until the maximum value (AUD or USD $2,000) is reached, whichever occurs first.

The Brokerage-free Card must be activated within the validity period of the card (12 months commencing from the date of issuance), after which the Card will automatically expire. Each Card can only be activated once.

Brokerage-free Cards for the same market cannot be "banked" or "stacked". Only one Card of the same type can be activated in the same market at a time, and the activation of a new card is not permitted while another Brokerage-free Card is already activated. If you have more than one Brokerage-free Card of the same type for the same market, then the effective period of the activated Brokerage-free Card must be lapsed before a new Card can be activated.

Existing Moomoo AU clients who are still enjoying the 180-day commission-free period from a previous promotion must activate the new Brokerage-free Card after the end of the 180-day commission-free period.

 

Stock cash coupons are not cash credits, but are "cashback" coupons applicable to stock orders executed in Moomoo AU accounts. After a client redeems a stock cash coupon, a stock purchase credit equal to the face value of the coupon will be added to the client's account, and automatically applied to the client's next eligible trade order.

A stock cash coupon will be automatically applied to client's first eligible order (buy-to-open orders only) within the validity period. Whether the client can use a stock cash coupon depends on the order amount, product type, applicable market, and other conditions. Once the eligible order is filled within the validity period, the cashback will be credited to the client's account. Please note that each client can use only one stock cash coupon for each order, but stock cash coupons may be used in conjunction with a commission discount or zero commission coupon.

The cashback will be credited to the client's account within three (3) trading days after the order is completed. Clients can check the crediting progress via Trade > Brokerage Account > Funds Details in the moomoo app.

 

1.Sign-up process

To sign up, tap the "Join Now" button on the event page.

Or, within the app, navigate to Discover > Papertrade > Competition > Available, select the competition you want to join, and tap "Join Now".

2.Engage in paper trading

To begin trading, go to Discover > Papertrade > Competition > Ongoing and select the relevant account for the competition.

 

Trading Tasks: Each day you can unlock one trading task, for a total of three tasks. Completing these tasks will reward you with 200, 100, and 400 Moomoo points.

 

1.Rankings are based on the total yield, calculated by taking the Ending Account Balance, dividing it by the Starting Account Balance, subtracting one, and multiplying by 100%.

2.The Ending Account Balance is calculated using the latest prices.

 

1. Trading in this competition is limited to US stocks only. Upon successful sign-up, participants will have a US stock paper trading account with an initial balance of US$500,000.

2. Trading hours for the US stock market are from Monday to Friday, 23:30 to 06:00 (AET).

3. Short selling and margin trading are not available in this competition.

4. This competition supports dividend payouts and bonus issues but does not support IPO subscriptions, rights issues, or additional issuances.

5. To ensure professionalism and compliance during the competition, there will be a minimum trading price limit of US$1. When a stock price falls below US$1, you may sell stocks but will not be able to buy.

6. To ensure fair competition, the maximum number of orders per trading day is limited to 50 (excluding order cancellations or changes). To prevent excessive fluctuations in assets caused by heavy positions in individual stocks, the maximum position for a single stock (at the time of purchase) is set at 40% of the total assets. However, this rule does not apply if the price movement of a single stock causes the maximum position to exceed 40%.

7. The quotes of the paper trading system are not exactly the same as the real stock market. Data of the competition is based on the paper trading system.

8. Each user can only participate in the competition with one moomoo ID. If any participant obtains revenue through deceptive means or loopholes, he/she will be disqualified from this competition.

9. Participants can't place paper trading buy orders if their virtual assets are insufficient within the competition account. By using a Reset Card, participants can restore their account's initial virtual balance.

10. After using a Defense Card, an account's holdings and trading history will be hidden from other participants for 24 hours.

11. By using an Insight Card, participants can view the holdings and trading history of another participant's account that has not activated a Defense Card for 24 hours.

12. Paper trading orders are matched considering the ticker data in the real market. Orders will not be executed without sufficient trade volume, even if the order price is acceptable. In instances where the real market volume is insufficient for the full order, only the available volume will be executed, and the rest will remain pending in the order queue.

13. Trading fees mirror those of the real market. Minor variations from the actual market fees are adjusted to those of the paper trading system. The paper trading system incurs no actual costs. Any fees deducted are purely notional.

14. If a listed company is delisted for any reason and the participant's account holds a virtual stock of that company, the participant will be unable to trade the stock in subsequent competition days. The system will credit the virtual funds to the participant's account on the second working day based on the last closing price of that stock.

 

1. Trading in this competition is limited to Australian stocks and ETFs only. Upon successful sign-up, participants will have an Australian stock paper trading account with an initial balance of AU$500,000.

2. Trading hours for the Australian stock market are from Monday to Friday, 10:00 to 16:00 (AET).

3. Short selling and margin trading are not available in this competition.

4. This competition supports intraday trading, stock splits, and reverse splits but does not support bonus issues and dividend payouts.

5. To ensure professionalism and compliance during the competition, there will be a minimum trading price limit of AU$1. When a stock price falls below AU$1, you may sell stocks but will not be able to buy.

6. To ensure fair competition, the maximum number of orders per trading day is limited to 50 (excluding order cancellations or changes). To prevent excessive fluctuations in assets caused by heavy positions in individual stocks, the maximum position for a single stock (at the time of purchase) is set at 40% of the total assets. However, this rule does not apply if the price movement of a single stock causes the maximum position to exceed 40%.

7. The quotes of the paper trading system are not exactly the same as the real stock market. Data of the competition is based on the paper trading system.

8. Each user can only participate in the competition with one moomoo ID. If any participant obtains revenue through deceptive means or loopholes, he/she will be disqualified from this competition.

9. Participants can't place paper trading buy orders if their virtual assets are insufficient within the competition account. By using a Reset Card, participants can restore their account's initial virtual balance.

10. After using a Defense Card, an account's holdings and trading history will be hidden from other participants for 24 hours.

11. By using an Insight Card, participants can view the holdings and trading history of another participant's account that has not activated a Defense Card for 24 hours.

12. Paper trading orders are matched considering the ticker data in the real market. Orders will not be executed without sufficient trade volume, even if the order price is acceptable. In instances where the real market volume is insufficient for the full order, only the available volume will be executed, and the rest will remain pending in the order queue.

13. Trading fees mirror those of the real market. Minor variations from the actual market fees are adjusted to those of the paper trading system. The paper trading system incurs no actual costs. Any fees deducted are purely notional.

14. If a listed company is delisted for any reason and the participant's account holds a virtual stock of that company, the participant will be unable to trade the stock in subsequent competition days. The system will credit the virtual funds to the participant's account on the second working day based on the last closing price of that stock.

 

 

1. The Moomoo App is a financial information and trading platform developed by Moomoo Technology Inc. In Australia, Futu Securities (Australia) Ltd (Moomoo AU) provides the financial products and services available through the Moomoo App. Moomoo AU holds an Australian Financial Services License (224663) and is regulated by the Australian Securities and Investments Commission (ASIC)

2. Investing and/or trading in securities markets involves risks and may not be suitable for all investors. Clients willing to participate in this Promotion must read and understand the Financial Services Guide, Risk Disclosure Statements and other legal documents which are available on the website (www.moomoo.com/au) before making any investment decisions.

3. The US stock paper trading account and the AU stock paper trading account (collectively as "Competition Accounts") are virtual trading accounts and can only be used for the Competition under these terms and conditions;

4. The Competition Accounts do not have any actual cash or other asset value, and the virtual funds in the Competition Accounts cannot be withdrawn and used as cash;

5. Participants understand and agree that the organiser will display or use their corresponding user nicknames, avatars, Moomoo App accounts, total income, holding positions and transaction information during this competition and activities;

6. All virtual buying and selling and other transactions conducted through the Competition Accounts are virtual in nature, and all entered instructions will not be sent to any Stock Exchange, and will not be traded in the real market. Execution will not constitute any settlement obligation or payment payable by the participant or the Company, nor will it apply to the rights and liabilities involved in the securities trading services and any other services provided by the Company that the participant has accepted;

7. Certain rewards won in the Competition may have tax implications and participant may be liable for capital gains tax on the entire value of the gift shares when sold. This is dependent on each participant's personal circumstance and participants should seek advice from a tax professional. There may be other applicable taxes to consider. Participants are responsible for any tax consequences, if any, that may result from their redemption or use of the Competition Rewards.

8. At its sole discretion, Moomoo AU reserves the right to cancel, terminate, modify or suspend the this Competition and invalidate any affected participations, or suspend or vary a reward, without any further notice or assuming any liability to any person(s).

9. Any information, including market data, supplied by Moomoo AU in relation to the Competition applies only to this Competition, and such information does not constitute an offer, recommendation or solicitation for the purchase or sale of any securities. It is not intended to be, nor does it constitute any form of financial advice.

10. The Competition Rules do not necessarily correspond with the actual trading requirements of the relevant exchanges, or any other securities market, or any securities regulatory authorities in Australia or elsewhere.

11. The simulated order queuing, order matching and other trading processes used in the Competition do not necessarily correspond with the actual underlying exchanges, or any other securities markets in Australia or elsewhere.

12. Moomoo AU shall not assume any liability to any financial or non financial losses incurred to any person in connection with the Competition, however arising, including but not limited to losses incurred from live trading.

13. Moomoo AU reserves the right, in its sole discretion, to refuse to allocate any or all of the above benefits if it believes that the client is ineligible to participate in the Competition, or that the client is engaging in, has engaged in, attempted or caused to engage in activities in violation of the Terms and Conditions. In such cases, Moomoo AU's decision will be final and no further correspondence will be entered into.

14. If a participant commits any cheating behavior, the organiser has the right to cancel the results, and the final interpretation right of the event belongs to Moomoo AU within the scope permitted by law;

15. Moomoo AU is not responsible for any errors, omissions, interruptions, deletions, defects or delays in communication line transmission;

16. Moomoo AU is not responsible for any problems or technical failures of any telephone network or lines, computer online systems, servers or providers, computer equipment, software, or failure to receive any email entries due to technical problems or communication congestion;

17. Moomoo AU is not responsible for any harm to a participant's or any other person's computer resulting from participation, submission or notification in connection with this contest, or any form of human error on the Internet or any website, or any combination thereof;

18. Moomoo AU is not responsible for any losses or injuries caused by participating in the competition, 1) any communication errors related to the competition, 2) any problems with the prizes; 3) any use of rewards. Participation in the competition constitutes the participant's agreement to exempt Moomoo AU from any liability.

19. Moomoo AU has the right to modify or cancel the competition process, rules, awards, instructions, etc. according to the actual situation, and will try its best to notify the participants in advance as soon as possible. Moomoo AU has the right to interpret the rules of this competition, and Moomoo AU has the right to make changes to the competition, including but not limited to making modifications to rules and procedures;

20. To use the rewards earned, you must hold a corresponding Moomoo trading account. Before redeeming the cash coupons issued by the event, the winners need to open a securities account in the corresponding market to receive the corresponding rewards;

21. If the operation of the competition is abnormal due to various reasons, Moomoo AU has the right to make corresponding handling and deal with the buying and selling operations during the abnormal period;

22. By participating in the competition, participants agree to (1) be bound by these terms and conditions; (2) Moomoo AU's decisions on all matters related to the competition are final and binding; (3)Moomoo AU may use the winner's results and the winner's nick name, likeness and/or voice in any publicity or advertising related to the Competition or future promotions without compensation or approval to the largest extent permitted by the law. All applicable taxes, fees and surcharges and/or foreign duties on prizes are the sole responsibility of the winner;

23. Moomoo AU reserves the right to make the final decision on any changes in the rewards. Please pay attention to the notice (if any) sent by Moomoo AU on changes in gift rewards.

24. The same user can only participate in one event. The same Moomoo account, the same mobile phone number, and the same device are all considered to be the same user.

25. Rewards are issued strictly in accordance with the rules. If there is any situation that does not meet the qualifications for the event, special applications for reissue of rewards cannot be made.

26. Rewards may have a validity period. If you do not claim or use the rewards in time within the validity period, the rewards will not be reissued after expiration/expiration, and you will be deemed to have automatically given up your qualifications to win.

27. The information and data confirmation of this Competiton are subject to confirmation by Moomoo AU, and Moomoo AU enjoys the final right of interpretation of this Competition;

28. This Competition is not an offer, recommendation or solicitation for the purchase or sale of any securities. It is not intended to be, nor does it constitute any form of financial advice.