Content
A. Cash Plus Introductory Offer
B. About the Draw Chance and Gift Shares Offer
The Moomoo 2024 New Clients Rewards (hereinafter referred to as the ‘Promotion’, whereas the rewards issued in the Promotion are hereinafter referred to as " Welcome Rewards") is a promotion offered by Moomoo Securities Australia Ltd, ABN 51 095 920 648, AFSL 224663, of Suite 1701, Level 17, 570 George Street, Sydney (‘Moomoo AU’ or the ‘Promotor’). This Promotion is valid from 31 July 2024 at 00:00 AM AEDT to 30 September 2024 at 23:59 PM AEDT (the ‘Promotion Period’) and is available only to Eligible New Clients of Moomoo AU.
• This Promotion is only open to Australian residents over the age of 18 who have not held any previous or existing trading accounts with Moomoo AU (each an “Eligible New Client”). Due to local licensing restrictions, residents of South Australia are not currently eligible to participate in the Free Shares Offer.
• Each Eligible New Client must complete registration through the corresponding landing page to participate in this Promotion. New clients who complete registration through other channels are not eligible to participate in this Promotion.
• Each Eligible New Client, and each electronic device 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 obtain one set of Welcome Rewards during the Promotion Period.
• Existing clients who have already opened an account with Moomoo AU prior to the Promotion Period are not eligible to participate in the Promotion.
• Eligible New Clients who register for new accounts outside of the Promotion Period are not eligible to participate in this Promotion.
• This Promotion is mutually exclusive with the “ Moomoo 2024 New Clients Rewards Special Edition Promotion - September 2024”. If an Eligible New Client participates in this Promotion, he/she will be deemed as voluntarily given up the eligibility to participate in the “Moomoo 2024 New Clients Rewards Special Edition Promotion- September 2024”, and will not be able to receive any rewards from the “Moomoo 2024 New Clients Rewards Special Edition Promotion - September 2024”, of which a link to the Terms and Conditions is enclosed below: Moomoo 2024 New Clients Rewards Special Edition Promotion - September 2024
Complete any of the following actions within the Promotion Period to receive the corresponding Welcome Rewards:
• Eligibility to Participate in Cash Plus Event: Clients who have never made a deposit before 31 July, 2024 00:00 AM (AEDT) will be eligible to participate in the Cash Plus Event if they complete their first deposit after 31 July , 2024 00:00 AM (AEDT).
I. Introduction and Reward Rules
• Complete Enrollment: In order to participate in the Cash Plus program, Clients who successfully made first deposit in the respective period, must complete Enrolment in the Cash Plus program by clicking on the "Unlock Now" button on the Cash Plus information webpage and following the prompts to read and complete the consent form. By completing the enrollment process, Clients are deemed to have confirmed his or her participation in the Cash Plus program, and are eligible to receive rewards according to these Terms and Conditions
• The assets in the Client's Moomoo AU trading account are divided into two parts and enjoy two different rates:
• Base Rate: For uninvested cash balances in Moomoo AU Accounts enrolled in the Cash Plus Program:
• variable rate currently 3.75% p.a., payable on all uninvested AUD cash balances ("AUD Base Rate") ; and
• variable rate currently 3.25% p.a. , payable on all uninvested USD cash balances("USD Base Rate", together with AUD Base Rate, collectively as "Base Rate").
• For avoidance of doubt, Moomoo AU may at its sole and absolute discretion amend the Base Rate from time to time, for information regarding the actual applicable Base Rate, please refer to:https://www.moomoo.com/au/support/topic6_479
• Introductory Rate:
• For uninvested cash balances of up to AUD $80,000 ("Eligible Uninvested AUD Cash Balance"), a grossed-up fixed rate of 6.8% p.a. ( subject to the actual applying Base Rate stated above, as updated from time to time, "AUD Introductory Rate") applies for a for a period of 30 calendar days commenced from the date of first deposit; and
• For uninvested cash balances of up to USD $80,000 ("Eligible Uninvested USD Cash Balance", together with Eligible Uninvested AUD Cash Balance, collectively as "Eligible Uninvested Cash Balances"), a grossed-up fixed rate of 6.3% p.a. (subject to the actual applying Base Rate stated above, as updated from time to time "USD Introductory Rate", together with AUD Introductory Rate, collectively as "Introductory Rate") applies for a for a period of 30 calendar days commenced from the date of first deposit.
• For avoidance of doubt, uninvested cash balances in excess of the above Eligible Uninvested Cash Balances during the 30-day period and all uninvested cash balances outside of the 30-day period will accrue interest at the respective Base Rate.
• Introductory Rate is displayed and distributed in two components, including the respective Base Rate (3.75%p.a. or 3.25%p.a., and may be updated from time to time) and a 3.05% p.a. additional subsidised interest from the Cash Plus Booster Coupon (as defined below). Interests accrued under the two components will be distributed monthly in two separate transactions into. Participants can track the current accrued amounts on the New Customer webpage for the Cash Plus Introductory Offer.
• Examples: Assuming daily uninvested cash balance is maintained at exactly AUD$80,000 and/or USD$ 80,000 in the respective trading account(s), the maximum interests paid during the 30-day period will be AUD$447 and/or USD$417 respectively (assuming that the respective Introductory Rate applies, which will subject to the actual applying Base Rate). To avoid doubt, the amount in excess of AUD$80,000 and/or USD$ 80,000 will only be entitled to the corresponding AUD Base Rate and/or USD Base Rate.
• Cash Plus Booster Coupon:
• Automatic Issuance: Once the Eligible New Client has finished the above-mentioned enrollment for Cash Plus program for the first time, or upon completion of a designated transacting task (see details below) a Cash Plus Booster Coupon will be automatically issued to the New Client's account which will entitle the New Client to a 3.05% p.a. Additional cash interest for 30 days.
• No Activation Required: Generally, the Cash Plus Booster Coupon will be automatically activated once issued. The only exception would be when Moomoo AU's system detects that there is a Cash Plus Booster Coupon currently in effect, then Client will need to manually activate the newly-issued Cash Plus Booster Coupon upon expiry of the existing one.
• Multiple Currencies: The Cash Plus Booster Coupon is applicable to Eligible Uninvested Cash Balances in both AUD and USD, with maximum applicable balances of $80,000 each. Therefore, upon satisfcation of the issuing conditions, 2 Cash Plus Booster Coupons for the corresponding currencies (1 for AUD cash balances and 1 for USD cash balances) will be automatically issued.
• Distribution Payment: the interests earned from the Cash Plus Booster Coupon are accrued daily and paid monthly. Payment normally occurs within the first 1-3 business days of the following month.
• "Uninvested Cash Balance" means the funds immediately available for withdrawal recorded at AET 12:00 PM (at noon) daily cut-off times for interest accrual. On the daily and monthly account statements delivered to clients, this figure is displayed as "Uninvested Cash" under the Cash section.
II. Transaction Amount Tasks
The first Cash Plus Booster period is 30 calendar days commencing from the date of first deposit. Clients can obtain more Cash Plus Booster Coupons by completing the specified target transaction amount tasks during the Promotion Period.
1.A 30-day Cash Plus Booster Coupon automatically issued upon first deposit
• After the Client successfully made the first deposit, a Cash Plus Booster Coupon valid for 30 calendar days will be automatically issued to the Client, and such Cash Plus Booster Coupon will automatically take effect. Within 30 calendar days from the date of the first deposit, the Eligible Uninvested Cash Balances will automatically enjoy the respectiveIntroductory Rate .
2.Transaction Amount Tasks and Calculation Rules
• Task Period: Each Transaction Amount Task is subject to a 30-day period ("Task Period"), and such Task Period is based on a cycle of 30 calendar days. If Clients want to obtain more interest booster days, Clients need to complete the corresponding Transaction Amount Task within the previous 30-day Task Period. If the designated Transaction Amount Task is completed, the Client can obtain another Cash Plus Booster Coupon valid for 30 days on the nexy day after the date of competing of the previous task, so that the Eligible Uninvested Cash Balances can continue to enjoy the respective Introductory Rate (6.8% p.a. or 6.3% p.a.,subject to the actual applying Base Rate, as updated from time to time).
• Target Transaction Amount: Every 30 days (that is, the expiration of each task cycle), the Target Transaction Amount Task will be refreshed accordingly. The calculation rules for the Target Transaction Amount Task are as follows:
• Stage 1 (from the first deposit date to 30 days after the first deposit): the Eligible Uninvested Cash Balances can enjoy the respective Introductory Rate (6.8% p.a. or 6.3% p.a.,subject to the respective actual applying Base Rate , as updated from time to time), but during this stage, Clients need to complete a transaction amount equal to the first deposit amount (i.e. Target Transaction Amount = First Deposit Amount) to continue to enjoy the respective. Introductory Rate (subject to the actual applying Base Rate, as updated from time to time) in the next stage.
• Stage 2 (first deposit date + 30 days to the end of the Promotion, with a cycle of 30 calendar days, and the Target Transaction Amount Task will be refreshed every 30 days):
a.If the Target Transaction Amount Task was completed in the previous Task Period and the actual transaction amount in the previous Task Period being AUD $1~AUD $10,000, the Target Transaction Amount in this Task Period = the actual transaction amount in the previous Task Period * 2. The Target Transaction Amount will be rounded up to a multiple of 10 if the figure calculated according to the previous formula not being a multiple of 10;
b.If the Target Transaction Amount Task was completed in the previous Task Period and the actual transaction amount in the previous Task Period >= AUD $10,000, the Target Transaction Amount in this Task Period = the actual transaction amount in the previous Task Period * 110%, but subject to a cap of AUD $1,000,000. The Target Transaction Amount will be rounded up to a multiple of 10 if the figure calculated according to the previous formula not being a multiple of 10;
c.If the Target Transaction Amount Task was not completed, , the Target Transaction Amount in this Task Period remains unchanged, = the Target Transaction Amount in this Task Period
• Currency and Fixed Exchange Rate: Assets in a Client's trading account may include assets in both Australian dollars and US dollars, and Clients may trade Australian stocks/products or US stocks/related products. For the purpose of this Promotion, the actual transaction amount and Target Transaction Amount will be calculated in Australian dollars (AUD), and the actual transaction amount will be calculated based on the combined amount of all actual transactions (the calculation is based on fixed exchange rates being: USD to AUD = 1USD: 1.377 AUD; AUD to USD = 1AUD: 0.726USD). Nevertherles, as mentioned above, the Cash Plus Booster Coupon will be issued for different currencies.
• How to define "Transaction Amount": transactions under either buy order or sell order will be calculated as "actual transaction amount".
3.Event Period
Clients who complete the Target Transaction Amount Tasks can continue to obtain rewards. Termination of these Transaction Amount Tasks will be subject to written notification provided by Moomoo AU. Moomoo AU will notify Clients participating in this event by email at least 30 calendar days before the event officially being terminated. For example, if Moomoo AU decides to terminate the event on 31 October, 2024, Moomoo AU will notify Clients by email on 1 October 2024, but Clients can still enjoy the Introductory Rate according to these Terms and Conditions during the period from 1 October 2024 to 31 October 2024 .
*Examples
A Client makes a first deposit of A$1,000 on 2024/08/01. During the period from 2024/08/01~2024/08/31, the Eligible Uninvested Cash Balances in his/her trading account will automatically enjoy the respective Introductory Rate (subject to the actual applying Base Rate, as updated from time to time), but to continue to enjoy the respective Introductory Rate, the Client shall complete Target Transaction Amount Task during this period.
2024/08/01~2024/08/31 (30 calendar days,1st Task Period) Actual Transaction Amount |
2024/08/31~2024/9/30 (30 calendar days,2nd Task Period) Does he/she have Cash Plus Booster Coupon? |
2024/08/31~2024/09/30 30 calendar days, 2nd Task Period) Target Transaction Amount |
Notes |
A$800
|
N
|
A$1,000
|
1st Task Period Target Transaction Amount=First Deposit Amount 1st Task Period Target Transaction Amount Task not completed (800<1000),no Introductory Rate for 2nd Task Period 2nd Task Period Target Transaction Amount=1st Task Period Target Transaction Amount=First Deposit Amount |
A$2,000
|
Y
|
A$4,000
|
1st Task Period Target Transaction Amount Task completed (actual transaction amount > first deposit amount),eligible to enjoy Introductory Rate for 2nd Task Period actual transaction amount for 1st Task Period< A$10,000,2nd Task Period Target Transaction Amount=actual transaction amount for 1st Task Period*2 |
A$2,001
|
Y |
A$4,010 |
1st Task Period Target Transaction Amount Task completed (actual transaction amount > first deposit amount),eligible to enjoy Introductory Rate for 2nd Task Period actual transaction amount for 1st Task Period< A$10,000,2nd Task Period Target Transaction Amount=actual transaction amount for 1st Task Period*2(4,002), rounded up to mutiple of 10 (4,010) |
A$10,000 |
Y |
A$11,000 |
1st Task Period Target Transaction Amount Task completed (actual transaction amount > first deposit amount),eligible to enjoy Introductory Rate for 2nd Task Period actual transaction amount for 1st Task Period>= A$10,000,2nd Task Period Target Transaction Amount=actual transaction amount for 1st Task Period*110%(11,000) |
A$10,001 |
Y |
A$11,010 |
1st Task Period Target Transaction Amount Task completed (actual transaction amount > first deposit amount),eligible to enjoy Introductory Rate for 2nd Task Period actual transaction amount for 1st Task Period>= A$10,000,2nd Task Period Target Transaction Amount=actual transaction amount for 1st Task Period*110%(11,001.11), rounded up to mutiple of 10 (4,010) |
• Available Currencies: This Promotion is only available for uninvested cash balances deposited in Australian Dollar (AUD) and US Dollar (USD) , and is not available for uninvested cash balances deposited in other currencies.
• Daily interest accrual cut-off period:
• Basic interests
Funds deposited during the 24 hours from AET 15:00 PM (at noon) on T-1 to AET 15:00 PM (at noon) on T day will be included in the uninvested cash balance calculation on T day. Funds deposited after AET 15:00 PM (at noon) on T day will be included in the uninvested cash balance calculations on T+1. Where a Client with existing uninvested cash balance in their Moomoo AU Account completes Enrolment in the Cash Plus program, the Client's uninvested balance will begin accruing interest on the same day if the Enrolment is completed by 23:59 PM AET on the day (T+0).
• Cash Plus Booster
Funds deposited between AET 00:00 to AET 23:59 on T day will be considered for interest calculation on T day. The interest earnings for such assets will be updated after 01:00 AM on T+1 day.
• Daily income calculation formula (subject to the actual applying Base Rate stated above, as updated from time to time):
• For AUD uninvested cash balance: Daily Interest = Uninvested AUD cash balance (up to AUD $80,000) * 6.8%/365 + the remaining uninvested AUD cash balance (total uninvested cash balance deducting AUD $80,000) * 3.75%/365
• For USD uninvested cash balance: Daily Interest = Uninvested USD cash balance (up to USD $80,000) * 6.3%/365 + the remaining uninvested cash balance (total uninvested USDcash balance deducting USD $80,000) * 3.25%/365
• Income display: Participating New Clients and Existing Clients can keep track of their [Total accumulated income], [Cash Management Interest], and [Cash Plus Booster Rewards] on the activity page, after completing the Enrolment process through the Cash Plus acticity page.
• Distribution rules: The interest distribution (for both basic interests and cooster interests ) for the previous calendar month will usually be completed on the 1st day of each calendar month, but subject to uncontrollable delays caused by Force Majeure or third-party reasons cannot be attributed to Moomoo AU. In the event of the aforesaid delay, Moomoo AU will try the best to complete the interest distribution within 3 business days.
• Tax consequences: Interest distributed in the Promotion and the Cash Plus program are taxable income which may attract tax consequences. This is dependent on each client's personal circumstances and clients should seek advice from a tax professional if necessary. There may be other applicable taxes to consider. Clients are fully responsible for any tax liabilities, if any, that may arise from interests distributed into their accounts.
• Withholding tax: Clients who have not provided their TFN to Moomoo AU may be subject to 47% tax withholding on the interests when they are paid. The amount we withhold will be paid to the Australian Taxation Office. To declare your TFN to Moomoo AU and the ATO, simply navigate to "Accounts" tab - "More" - "Account Profile" and "Modify" under the "Tax Information" section at the bottom.
Additional notes:
1.For purpose of the Cash Plus program, "uninvested cash balance" is defined as the funds immediately available for withdrawal recorded at AET 12:00 PM (at noon) daily cut-off times for interest accrual. On the daily and monthly account statements delivered to clients, this figure is displayed as "Uninvested Cash" under the Cash section.
2.If the uninvested cash balance returns to zero during the interest accrual period due to reasons such as settlement of trades and/or withdrawal of funds, interest accrual will also stop from the same day (T+0).
3.The following actions (including but without limitation) will reduce uninvested cash balance in the account:
a.Having in-market pending orders, which freezes part of the cash balance equivalent to consideration of the orders;
b.Having executed orders on T day for settlement on T+2, which removes part of the cash balance equivalent to consideration of the orders on T day for ahead of settlement;
c.Confirming participation in corporate actions which will result in payment of cash;
d.Submitting a funds withdrawal request prior to the daily cut-off time;
e.Any other actions and/or items which result in debiting of cash balance, including deductions of fees and charges.
4.Moomoo AU is required by law to obtain clients' agreement and instructions before investing or handling client money to earn interests. If an Eligible New Client completes account opening and deposits but fails to complete the Enrolment process through the Cash Plus information webpage, Moomoo will not have the proper authorisation in place to handle the New Client's funds accordingly to earn interest. In such scenario, the accrual of daily interest will NOT commence until the New Client completes the Enrolment process;
1.What is Cash Plus?
Cash Plus is a promotion offered by Moomoo AU to Australian clients. Moomoo AU holds client funds in designated client trust accounts held at Commonwealth Bank Australia and MUFG Bank Australia, which are fully segregated from Moomoo AU's own funds. Moomoo AU passes part or all of the interests earned on uninvested client funds on to its clients.
2.How can the Cash Plus Introductory Offer interest rate be higher than most bank deposits?
To reward our clients for their ongoing support and to attract new clients to experience our products and services, we subsidise part of the 6.8%p.a.* or 6.3% p.a.* Introductory Rate paid on uninvested AUD cash balances or uninvested USD cash balances respectively, for eligible new clients participating in the Cash Plus program for a limited period of 30 days (applicable only to uninvested balance of up to AUD$80,000 and/or USD$80,000, and subject to the actual applying Base Rate; refer to the Promotion T&Cs https://www.moomoo.com/au/support/topic6_428 for full details).
All uninvested AUD cash balances outside of the 30-day period will continue to earn a standard variable rate of 3.75% (as updated by Moomoo AU at its own and absolute discretion from time to time), while all uninvested USD cash balances outside of the 30-day period will continue to earn a standard variable rate of 3.25% (as updated by Moomoo AU at its own and absolute discretion from time to time).
Moomoo AU is a fully-owned subsidiary of NASDAQ-listed Futu Holdings (NASDAQ:FUTU), whose financial records are fully transparent and publicly available. We are licensed and regulated in Australia (AFSL 224663) as well as other major markets including US, Hong Kong, Singapore, Japan and Canada, and are leading retail securities broker-dealers in Hong Kong and Singapore (by market share). We have robust internal systems and processes in place to ensure client funds security.
3.How do I receive Cash Plus earnings?
The income earned from the Cash Plus program accrues on a daily basis and is usually paid into your account on the first working day of the following month.Please note that the income will be paid in two parts (for basic income and booster income). Refer to this page https://invest.au.moomoo.com/welcome_rewards to keep track of your total Cash Plus earnings.
4.Will it affect my buying power?
No. Your buying power is unaffected when participating in the Cash Plus program. The cash balance swept to the bank/s will still be considered as part of your account's buying power.
5.How is Cash Plus' accumulated interest calculated? Where can I find my accumulated interest?
Moomoo's Cash Plus deposited from AET 12:00 PM (at noon) on T-1 to AET 12:00 PM (at noon) on T day will be included in the asset interest on T day, and after AET 12:00 PM (at noon), they will be included in the asset interest on T+1 day.The cash balance is the cash withdrawable amount. Any cash held under pending orders and unsettled orders is not entitled to interest. You can see your accumulated interest on the landing page https://invest.au.moomoo.com/welcome_rewards. Please book mark this as this is updated dynamically every day (Updated daily at or around 22:00 AET). Interest is calculated daily and distributed monthly to your trading account in the form of cash according to the distribution rules in these terms and conditions.
6.Why I didn't receive the Cash Plus Booster Coupon for next 30 days[on 2024/08/31] when my Actual Transaction Amount is A$800 and i made a first deposit of A$1,000 on 2024/08/01?
Considering that the transaction amount during the first task period (i.e 2024/08/01~2024/08/31, 30 days) is equal to the first deposit amount, the target transaction amount for the first task period has not been achieved (i.e., 800 < 1000), then the introductory rate for the second task period will not be available. Therefore, the target transaction amount for the second task period will be equal to the target transaction amount for the first task period, which is also equal to the first deposit amount.
1.Deposit AUD$100 into your Moomoo AU trading account to receive 3 chances to draw random gift shares from the prize pool
• The gift shares will be automatically allocated to your Account upon usage of draw chances, but initially in a ‘frozen’ status;
• Gift shares in a 'frozen' status are not included in the Account's portfolio market value, and cannot be sold on market;
• The allocated gift shares will remain 'frozen' until you have maintained your Daily Average Asset Value (as defined and calculated pursuant to the following section of "Calculating the Daily Average Asset Value") of AUD $100 or more during the subsequent 30 calendar day period from the date of allocation (the "Asset Maintaining Period");
• To allow for profits or losses due to market fluctuations, a drop of the Average Assets value of up to 20% below the AUD$100 threshold is permissible;
• The allocated gift shares' 'frozen' status shall only be lifted upon meeting all the above mentioned conditions and within 5 business days following the 30-day Asset Maintaining Period;
• If you fail to meet with any of the conditions as mentioned above, the gift shares will be removed from your Account within 7 calendar days following the end date of any of the Asset Maintaining Period.
2.Deposit AUD$2,000 into your Moomoo AU trading account to receive 7 additional chances to draw random gift shares from the prize pool (10 free chances in total)
• The gift shares will be automatically allocated to your Account upon usage of draw chances, but initially in a ‘frozen’ status;
• Gift shares in a 'frozen' status are not included in the Account's portfolio market value, and cannot be sold on market;
• The allocated gift shares will remain 'frozen' until you have maintained your Daily Average Asset Value (as defined and calculated pursuant to the following section of "Calculating the Daily Average Asset Value") of AUD$2,000 or more during the Asset Maintaining Period commencing from the date of allocation;
• To allow for profits or losses due to market fluctuations, a drop of the Average Assets value of up to 20% below the AUD$2,000 threshold is permissible;
• The allocated gift shares' 'frozen' status shall only be lifted upon meeting all the above mentioned conditions and within 5 business days following the 30-day Asset Maintaining Period;
• If you fail to meet with any of the conditions as mentioned above, the gift shares will be removed from your Account within 7 calendar days following the end date of any of the Asset Maintaining Period.
3.Other Additional Notes
• For gift shares rewards, spin chances are awarded automatically when the respective deposit conditions outlined above are met, and will expire in 30 calendar days from the date 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 upon satisfication of the above condtions 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, transferred, or removed due to failure to meet the 'unfreeze' conditions as set forth above.
• 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 on 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 business days after clients are notified.
• Clients who make deposits of an amount larger than AUD$2,000 for the first instance will be rewarded 10 free spin chances at once.
• The deposit amount requirements for the purpose of this Promotion refers not net deposits. 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 $100 and claimed 3 spin chances, but then withdrew AU$50, your net deposit = AUD$100 - AUD$50 = AUD$50. If you wish to claim the additional 7 spin chances, you will need to deposit no less than AUD$1950.
For the purpose of determining the abovementioned conditions of lifting the “frozen” gift shares, the "Daily Average Asset Value" in your Account shall be calculated on the following basis:
• The Daily Average Asset Value equals to the average of your Total Assets Values (as defined below) during the 30-day Assets Maintaining Period. The formula will be : Daily Average Asset Value=(Total Assets Value of day 1+Total Assets Value of day 2+ Total Assets Value of day 3+....+Total Assets Value of day 30)/30
• The Total Asset Value of a day equals to a combined value of the cash balance that day and market value of holdings (excluding all of the gifted shares) calculating based on the closing price of such holdings as at the end of that day's regular trading sessions.
• The 30-day Asset Maintaning Period will commence from the next calendar day following the date of allocation of the gifted share.
For example, if you draw your gift shares on 16 April, the Daily Average Asset Value, for purposes of this promotion, will be calculated from 17 April.
Assuming the Total Assets Values of each day of Asset Maintaining Period are as follows:
17 April: AUD$200
18 April: AUD$300
19 April: AUD$500
…
15 May:AUD$1,000
Then the Daily Average Asset Value = AUD$(200+300+500+……+1,000)/30
Shares included in the prize pool are: Tesla Inc. (NASDAQ: TSLA), Apple Inc. (NASDAQ: AAPL), Rivian Automotive (NASDAQ: RIVN), Lucid Group, Inc.(NASDAQ: LCID), iShare 20+ Year Treasury Bond ETF,, Sabre(NASDAQ: SABR)
Stock Picker | Price (USD) | Price (AUD) |
TSLA | 187.44 | 273.66 |
AAPL | 216.67 | 316.34 |
RIVN | 10.96 | 16.00 |
LCID | 2.61 | 3.81 |
TLT | 93.73 | 136.85 |
SABR | 2.64 | 3.85 |
The above indicative market price of each gift stock is based on the closing price on 17 June 2024. The above market prices are indicative only. Prices of gift shares may fluctuate subject to market movements and, as a result, the value of the gift shares may change when they are allocated to your 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 the gift shares. The Promotor shall not give any declaration, compensation and/or assume any responsibilities, liabilities and consequences regarding the same. For the avoidance of doubt, the exchange rate of US$ is based on the RBA official AUD/USD foreign exchange rate on 01 January, 2024.
The probability of winning each stock is as follows: TSLA 0.001%
AAPL 0.005%
RIVN 8.994%
LCID 46%
TLT 1%
SABR 44%
The gift shares obtained in this Promotion will be issued randomly based on the computer system, and the final winning result is randomised and is not predictable. 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 all 10 spin chances are fully rewarded and redeemed, based on the closing price on 17 June, 2024, the total value of gift shares are as follows:
Minimum Value: US$26.1
Weighted Average Value (based on the above probabilities): US$72.5
The Brokerage-free cards automatically reduces amount of brokerage charged by Moomoo AU on ASX and US shares transactions to zero when activated, however, such reduction is not applicable to pass-through fees (including but not limited to SEC/FINRA fees, settlement fees and ADR fees) and FX conversion costs related to US transactions.
Two types of Brokerage-free cards are offered in this Promotion, including one for ASX shares and one for US shares. Each Brokerage-free card is effective for 30 calendar days from the time when it is activated, and provides reduction of brokerage of up to AUD $2,000 (ASX Brokerage-free cards) and USD $2,000 (US Brokerage-free cards) respectively. Each Brokerage-free Card will be de-activated either at the end of the 30-day period, or when the total reduced brokerage reaches its designated amount.
The Brokerage-free Cards are applicable to all order types while activated, which includes fractional US shares orders and overnight sessions trading orders. There is no maximum number of orders or minimum transaction value restrictions.
Effective from 00:00 AM (AEDT) on 01 July 2024, any new or existing Moomoo AU account holders will be automatically rewarded one (1) US Brokerage-free Card for reduction of US shares brokerage of up to US $2,000, and one (1) ASX Brokerage-free Card for reduction of ASX shares brokerage of up to AU$2,000, when they enter and fill their first BUY order in any exchange-traded products available on Moomoo AU.
For the purpose of this Promotion, SELL orders will NOT qualify the account holders to receive the Brokerage-free Cards. These include selling of existing holdings, transferred-in shares, and free gift shares received from other Offers under this Promotion.
The Brokerage-free Cards will be issued automatically after a BUY order is filled in any market, but users need to activate it manually. They can be found and activated under "Me tab - My Rewards"
Each Brokerage-free Card is valid for 30 days from the date of manual activation. For example, if a user activates the Brokerage-free Card on 01 July 2024 at 9am AEST, the card will expire on 31 July 2024 at 9am AEST.
The Brokerage-free Card must be activated within the validity period of the card (12 months commencing from the date of issuance). The Brokerage-free Card can only be activated once, if the card is not activated after the expiry date, the Brokerage-free Card cannot be activated again;
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 can activate the new Brokerage-free Card after the expiration of the 180-day commission-free period.
1.This Promotion (the "Promotion") is available to Eligible New Clients who hold an account with Moomoo AU (collectively as "Clients") pursuant to these Terms and Conditions. It is not available, and not advertised to the general public.
2.This Promotion are provided by Moomoo Securities Australia Ltd. (hereinafter referred to as "Moomoo AU"), a wholly-owned subsidiary of Futu Holdings Limited. In Australia, investment products available on moomoo are offered by Moomoo AU which is regulated by the Australian Securities and Investments Commission(ASIC). The moomoo App is a trading platform offered by Moomoo Inc., a wholly-owned subsidiary of Futu Holdings Limited.
3.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 www.moomoo.com/au before making any investment decisions.
4.Clients on each participant's personal circumstance and participants should seek advice from a tax professional. There may be other applicable taxes to consider. Clients are responsible for any tax consequences, if any, that may result from their participant of this Promotion.
5.Moomoo AU strictly prohibits any existing customer from sharing, selling or otherwise promoting their referral link(s) on public domains, including social media platforms that are open for public viewing. Existing customers are reminded that such actions are likely a violation of relevant Australian financial services laws and regulations, which may attract legal consequences. Moomoo reserves the rights to take further actions against the relevant Clients should any such activities are identified, including but not limited to:
• Termination or suspension of the Moomoo AU Accounts held by relevant Clients invited by such existing customers ;
• Removal of any allocated or unallocated promotion rewards from the Moomoo AU Accounts held by C Clients, at the expense of the account holder(s);
• Disqualify relevant Clients from participation in any future promotions or events;
• Make corresponding reports of misconducts or violation of relevant laws or regulations to regulators, including ASIC.
6.A text message or e-mail containing relevant information about the Promotion will be sent to participants. If you want to turn off notifications, you can go to "Settings - New Message Notifications - Cancel Notifications" on the moomoo App.
7.At its sole discretion, Moomoo AU reserves the right to cancel, terminate, modify or suspend this Promotion and invalidate any affected participations, or suspend or vary a reward, without any further notice or assuming any liability to any person(s).
8.You can only open one trading account with us and are required to agree to all existing terms and conditions in the Client Services Agreement , as well as all the terms and conditions of this Promotion, or any other promotions or events. If your securities account shows signs of fraud, abuse, or suspicious activity, e.g. including but not limited to registering multiple accounts using the same device, Moomoo AU may, at its sole discretion, cancel your rewards and limit your eligibility to participate in future promotions.
9.Each device, mobile or desktop, is only entitled to one set of account-opening rewards, deposit rewards, and referral rewards. A user can only be referred once. Using the same moomoo ID, phone number, or device will all be regarded as a single user.
10.This event is not available for users on the "Moomoo AU Event Participation Ban List". If a user repeatedly violates Moomoo AU's safety rules, the user will be put on the "Moomoo AU Event Participation Ban List".If you need to know more about the list, you can contact the customer service team of Moomoo AU.
11.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.
12.Moomoo AU shall not assume any liability to any financial or non financial losses incurred to any persons in connection with the Promotion, however arising, including but not limited to losses incurred from 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 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. In such cases, Moomoo AU's decision will be final and no further correspondence will be entered into.
14.Moomoo AU has the final right to interpret these terms and conditions. The data and data confirmed of this Promotion shall be subject to confirmation by Moomoo AU's back-end data. In case of any disputes, Moomoo AU reserves the right to make the final decision without any further notice.
15.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.