* Moomoo Lucky Draw Rewards Terms and Conditions
The Moomoo Australia Lucky Draw Rewards (the ‘Promotion’) is a trade promotion offered by Futu Securities (Australia) Ltd trading as Moomoo AU, ABN 51 095 920 648, AFSL 224663, of Suite 3102.2, Level 31, 200 George Street, Sydney (‘Moomoo AU’ or the ‘Promotor’). This Promotion is valid from 28 February 2023 at 00:00 AEDT to 21 July 2023 at 23:59 AEDT (the ‘Promotion Period’) and is available only to new clients of Moomoo AU.
This New Year reward and other welcome rewards cannot be obtained at the same time. Once a user obtains the New Year reward, it will be deemed as giving up other welcome rewards automatically.
The Promotion is open only to Australian residents over the age of 18 who have not held any previous or existing trading accounts with Moomoo AU (for avoidance of doubt, residents of South Australia are not eligible to participate in this Promotion) (each an “Eligible New Client”).
Each Eligible New Client (and each electronic device such Eligible New Client used to register and open an account with Moomoo AU, regardless of mobile or computer) is only entitled to participate once in the Promotion and to obtain one set of Welcome Rewards during the Promotion Period. For avoidance of doubt, an Eligible New Client registered via different electronic devices will not be entitled to repeatedly obtain different set of Welcome Rewards.
Existing clients who have registered with Moomoo AU and intend to register for additional accounts during the Promotion Period are not eligible to participate in the Promotion.
Eligible New Clients who register for new accounts outside of the Promotion Period will be deemed as not eligible to participate.
Complete any of the following actions within the Promotion Period to receive the corresponding Welcome Rewards:
1. Open a new Moomoo AU trading account to receive free level 2 US market data and 180 days of brokerage-free trading on AU & US stocks and ETFs.
No 'commission' or 'platform' fees will be charged on trades during the 180 days period, commencing from the date Moomoo AU trading account is opened. 'Other fees' may still be payable depending on the stock traded.
Commission-free offer will be automatically activated upon the date of account opening with no further action required, and will be valid for 180 calendar days from when it is activated.
Platform Fee Waiver offer will be automatically activated upon the date of successful account opening with no further actions required, and will be valid for 180 days from when it is activated. The platform fees will still be charged as normal during the course of trading, but reimbursed by every 15th of the following month. The GST generated when collecting the platform fee will not be reimbursed.
Refer to our Financial Services Guide for more information;
2. Deposit any amount into your Moomoo AU trading account to receive 3 free chances to draw the prize.
3. Deposit AUD$2,000 into your Moomoo AU trading account to receive 7 free additional chances to draw the prize.
Shares included in the lottery are: Apple Inc (NASDAQ: AAPL), Tesla Inc (NASDAQ: TSLA), Amazon.com, Inc (NASDAQ: AMZN), Coca-Cola (NYSE: KO), GameStop Corp (NYSE: GME), AMC Entertainment Holdings Inc.(NYSE: AMC)
The market price of each gifted shares is based on the closing price on 15 February, 2023.
The above market prices are indicative only. Share prices of gifted free shares may fluctuate subject to the market movement and, as a result, the value of the free shares may change when they are allocated to the individual's account. The Promotor is not responsible or liable and shall bear no consequence for the price difference between the indicative prices and actual market prices of, value of the stocks, the Promotor shall not give any declaration, compensation and/or be assumed any responsibilities, liabilities and consequences regarding the same. For avoidance of doubt, the rate of US$ is based on the foreign exchange rate on February 15, 2023.
The probability of winning each stock is as follows:
The stocks obtained in the promotion will be issued randomly based on the computer system, and the final winning result is not guaranteed. The Promoter provides no guarantee, promise or warranty on the category, number or value of the stock obtained in each spin chance by New Eligible Clients, and shall not bear any liability, claim or consequence regarding the winning results.
If 10 spin chances are completed, based on the closing price on February 15, 2023, the total value of stocks:
Minimum Value: US$51.7
Average Value: US$150
Maximum Value: US$2142.4
For the above rewards 2 and 3, spin chances are awarded automatically when the respective deposit conditions outlined above are met, and will expire in 30 calendar days from when they are awarded if not used (by clicking the ‘Spin’ button on the promotion page within the Moomoo App or desktop trading platform). Shares available in this Promotion are issued to the client’s Moomoo AU trading account and such shares will not expire and will remain on the client’s Moomoo AU account until sold or transferred.
The shares allocated in this Promotion are determined via an algorithm at the time the Eligible New Client uses the spin chance. Clients will be notified of what shares they have won immediately when it is determined by the algorithm. The allocation of shares to their trading account shall take place within the next 5-7 business days after clients are notified.
Clients who deposit AUD$2,000 or more for the first instance will be eligible for 10 free spin chances at the same time.
The Welcome Rewards will be rewarded to you if your net deposit during the Promotion Period has met the requirements. Net deposit is calculated by deducting the total withdrawal amount during the Promotion Period from the total deposit amount during the promotion period. For example, if you made a deposit of $500 and claimed 3 spin chances, but then withdrew AU$100, your net deposit = AUD$500 - AUD$100 = AUD$400. If you wish to claim the additional 7 spin chances, you will need to deposit no less than AUD$1600 or more.
[moomoo app - Accounts - Stock Rewards] (To ensure you will find them, please use the latest version of the moomoo app.)
This Promotion 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.
Investing and/or trading in securities markets carry 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 disclosure documents which are available on the website before making any investment decisions.
The Promotor shall not assume any liability to any losses incurred to any clients in connection with the Promotion, however arising, including but not limited to losses incurred from trading. Clients and Participants understand and accept that the Promoter shall have no legal or other liabilities relating to any aspect of the prize, including but not limited to its availability and quality. The Promoter shall not be liable for any loss or damage whatsoever which is suffered (including but not limited to indirect or consequential loss), as a result of taking or holding any of the prize.
The Promotor 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 Promotion, or that the client is engaging in, has engaged in, attempted or caused to engage in activities in violation of the Terms and Conditions and/or any applicable laws and regulations. In such cases, the Promotor's decision will be final and no further correspondence will be entered into.
The Promoter may in its sole discretion cancel, terminate, modify or suspend the Promotion and invalidate any affected entries, or suspend or modify a reward or prize, without prior notice or assuming any liability to any client(s), subject to state or territory regulations.
The Terms and Conditions are written in both Chinese and English. In the event of any discrepancy between the Chinese version and the English version, the English version shall prevail.
The Promoter reserves the right to cancel or prolong the Promotion and to amend the Terms and Conditions of this Promotion at any time without prior notice. All interpretations of these Terms and Conditions shall be at the sole and absolute discretion of the Promoter, and in case of any dispute, the decision of the Promoter shall be final.
This is offered under NSW The Trade Permit number TP/01819.