Moomoo AU Help Center-Transfer In Promotion - July to September 2024
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Transfer In Promotion - July to September 2024

The Transfer Promotion (the "Promotion") is offered by Moomoo Securities Australia Ltd, trading as Moomoo AU ("Moomoo AU"), an Australian Financial Services Licensee (AFSL 224663). The Promotion is valid from 31 July 2024 at 20:00 AET to 30 September 2024 at 20:00 AET (the "Promotion Period").

 

By participating in this Promotion, you (the "Participant") agree to be bound by these Terms and Conditions herein contained, in addition to Moomoo AU's Client Services Agreement, Privacy Policy, Website Terms of Use, and other terms and conditions applicable to moomoo trading account holders. If you do not wish to agree to such terms and conditions, you must not access or participate in this Promotion.

 

Promotion period

31 July 2024 at 20:00 AET to 30 September 2024 at 20:00 AET

 

Eligibility

The promotion is open to all users of Moomoo AU. To be eligible for the Promotion, the Participant must:

1.Be an Australian resident over the age of 18; and

2.Have an existing trading account with moomoo; and

3.Satisfy the following conditions:

  a.The trading accounts participating in the event must be those of users who have never made any transfer of accounts prior to 20:00 PM (Australian Eastern Time) on July 31, 2024 and have transferred their accounts for the first time after 20:00 PM (Australian Eastern Time) on July 31, 2024 ("First-Time Transfer Users"); and

  b.During the event period, users must transfer a total of no less than AUD 10,000 worth of Australian-listed securities from other brokers to Moomoo AU ("Valid AUD Transfer") or a total of no less than USD 20,000 worth of U.S.-listed securities ("Valid USD Transfer").

  c.Sign up for this Promotion and confirm your participation.

Please note that the transferred shares will be valued at their end-of-day closing single price auction ("CSPA") price on the day of completion of the transfer.

 

Conditions for obtaining rewards

Users will have to sign up and participate in this campaign during the campaign period and successfully transfer stocks into your Moomoo AU securities account. When the accumulated transfer amount of stock reaches the specified range, listed in the table below, you will be able to claim the respective rewards.

 

Promotion Rewards

Stock Cash Coupon

• For participants choosing to transfer U.S. stocks: The stock cash coupon you may receive depends on the total value of valid USD-transferred assets that you transfer to Moomoo AU during the campaign period. The asset value is determined at the time of successful transfer settlement, not when you initiate the transfer. The stock cash coupon will be credited to your account within 15 business days after each valid transfer is completed, but it will remain locked until the stock cash coupon unlocking conditions are met.

Total net transfer amount(USD) Reward 1: Stock Cash Coupon(AUD) Reward 2: iPhone 16 Pro(128g) Total Reward possible(AUD)
>=$20,000 $100*2 / $200
>=$50,000 $100*3 / $300
>=$100,000 $100*4 / $400
>=$450,000 $100*10 Apple gift cards valued $1,849 $2,849

• For participants choosing to transfer ASX stocks: The stock cash coupon you may receive depends on the total value of valid AUD-transferred assets that you transfer to Moomoo AU during the campaign period. The asset value is determined at the time of successful transfer settlement, not when you initiate the transfer. The stock cash coupon will be credited to your account within 15 business days after each valid transfer is completed, but it will remain locked until the stock cash coupon unlocking conditions are met.

Total net transfer amount(AUD) Reward 1: Stock Cash Coupon(AUD) Reward 2: iPhone 16 Pro(128g) Total Reward possible(AUD)
>=$10,000 $100*1 / $100
>=$50,000 $100*2 / $200
>=$100,000 $100*3 / $300
>=$450,000 $100*4 Apple gift cards valued $1,849 $2,249

 

Subject to the applicable terms and conditions, each eligible participant can choose to transfer either U.S. stocks or ASX stocks to receive rewards. Once the choice is made, it cannot be changed.

Subject to the applicable terms and conditions, only a maximum of 10 coupons can be rewarded to each eligible participant.

Subject to the applicable terms and conditions, only a maximum of one iPhone 16 pro (128g) can be rewarded to each eligible participant.

Here are examples applicable to users transferring to U.S. stocks:

If a participant transfers a total of USD 20,000 to U.S.-listed securities, they will receive 2 stock cash coupons, each worth AUD 100.

If a participant transfers a total of USD 50,000 to U.S.-listed securities, they will receive 3 stock cash coupons, each worth AUD 100.

If a participant transfers a total of USD 10,000 in U.S.-listed securities and also deposits a total of USD 10,000 in funds, they will not receive any coupons because the transfer does not constitute a valid USD-transferred asset.

If a participant transfers a total of USD 20,000 in U.S.-listed securities and also transfers AUD 10,000 in Australian-listed securities, they will receive 2 stock cash coupons, each worth AUD 100. This is because the participant chose to transfer U.S. stocks to receive rewards, and the amount transferred in Australian stocks does not constitute a valid transfer.

If a participant transfers a total equivalent of USD 450,000 in U.S.-listed securities, they will receive 10 stock cash coupons, each worth AUD 100. Additionally, they will receive a gift card valued at AUD 1,849, which can be used to purchase an iPhone 16 Pro (128GB) on Apple's official website (https://www.apple.com/au). Details on usage and redemption can be found in the instructions below regarding the iPhone 16 Pro.

Here are examples applicable to users transferring Australian stocks:

If a participant transfers a total of AUD 10,000 to Australian-listed securities, they will receive 1 stock cash coupon, each worth AUD 100.

If a participant transfers a total of AUD 50,000 to Australian-listed securities, they will receive 2 stock cash coupons, each worth AUD 100.

If a participant transfers a total of AUD 5,000 in Australian-listed securities and also deposits a total of AUD 5,000 in funds, they will not receive any coupons because the transfer does not constitute a valid AUD-transferred asset.

If a participant transfers a total of AUD 10,000 in Australian-listed securities and also transfers USD 10,000 in U.S.-listed securities, they will receive 1 stock cash coupon, each worth AUD 100. This is because the participant chose to transfer Australian stocks to receive rewards, and the amount transferred in U.S. stocks do not constitute a valid transfer.

If a participant transfers a total equivalent of AUD 450,000 in Australian-listed securities, they will receive 4 stock cash coupons, each worth AUD 100. Additionally, they will receive a gift card valued at AUD 1,849, which can be used to purchase an iPhone 16 Pro (128GB) on Apple's official website (https://www.apple.com/au). Details on usage and redemption can be found in the instructions below regarding the iPhone 16 Pro.

 

iPhone 16 Pro(128g)

For users transferring U.S. stocks, if the total valid USD-transferred assets amount to USD 450,000 or more and the assets are maintained for at least 90 days, they will receive an Apple Store Gift Card worth AUD 1,849, which can be used to purchase an iPhone 16 Pro (128G) on Apple's official website (https://www.apple.com/au) within 15 business days after meeting all conditions.

For users transferring Australian stocks, if the total valid AUD-transferred assets amount to AUD 450,000 or more and the assets are maintained for at least 90 days, they will receive an Apple Store Gift Card worth AUD 1,849, which can be used to purchase an iPhone 16 Pro (128G) on Apple's official website (https://www.apple.com/au) within 15 business days after meeting all conditions.

Click here for specific terms and conditions of an Apple gift card.

This gift card has no expiration date and can only be used to purchase goods and services in the Australian Apple Store, Apple Store app, apple.com, App Store, iTunes, Apple Music, Apple TV, Apple Books, and other Apple properties. For assistance with using the gift card, please visit support.apple.com/giftcard or call 1-300-321-456.

 

Terms & Conditions of the Stock Cash Coupon and iPhone 16 pro (128g)

Vesting Conditions

These Coupons will be issued to the Participant's moomoo account within 15 business days from the date of completion of each Valid Transfer ("Completion Date", as confirmed by Moomoo AU), but will remain locked and unvested until the satisfaction of all of the following conditions:

1.Asset Retaining: The assets transferred into the Participant's account within the Promotion Period must be retained for at least 90 days ("Vesting Period");

2.Asset Value: Within the Vesting Period, the Participant is required to maintain the total value of assets transferred into his or her account, not to drop to a value lower than 80% of the total asset value at the Completion Date ("Initial Value"). For the purpose of this condition, due to market reasons and securities price fluctuations, a decrease in value by not more than 20% is allowed within the Vesting Period, provided that such decrease in the Initial Value is not a result of a withdrawal of any asset or cash by the Participant. For the avoidance of doubt, if the total asset value of the Participant's account drops to lower than 50% of the Initial Value ("Substantial Value Decrease") within the Vesting Period due to whatever reason, once Moomoo AU identifies the Substantial Value Decrease, Moomoo AU will reserve the right to cancel and revoke the Coupon(s) at Moomoo AU's sole and absolute discretion, and all the Coupon(s) issued will become invalid with immediate effect.

For example:

If you choose to transfer stocks worth AUD 10,000 or USD 20,000 to Moomoo on August 10, and on September 10, due to market fluctuations, the value of your stocks drops by 20%, your coupons will not be invalidated because we allow for a market fluctuation leading to a value decrease of up to 20%.

If you transfer stocks worth AUD 10,000 or USD 20,000 to Moomoo on August 10, and on September 10, due to market fluctuations, the value of your stocks drops by 30%, but during the waiting period and until November 10, you maintain assets worth at least AUD 5,000 or USD 10,000, your coupons will not be invalidated because no substantial devaluation has occurred.

If you transfer stocks worth AUD 10,000 or USD 20,000 to Moomoo on August 10, and then sell stocks worth AUD 6,000 or USD 12,000 on September 10 and withdraw the funds on September 15, your coupons will be invalidated because you transferred more than 50% of the amount out of your Moomoo account during the waiting period.

If you transfer stocks worth AUD 10,000 or USD 20,000 to Moomoo on August 10, and on September 10, due to market fluctuations, the value of your stocks drops by 50%, reducing the remaining asset value to less than AUD 5,000 or USD 10,000, but you then transfer stocks worth AUD 5,000 or USD 10,000 to your Moomoo account and maintain this value until November 10, your coupons will not be invalidated because the substantial devaluation has been rectified.

Activation and Valid Period

Upon the expiry of the Vesting Period and satisfaction of all the above conditions, as determined at the sole discretion of Moomoo AU, the respective Coupon will automatically become vested and unlocked on the date of such determination ("Activation Date"), and will remain valid for 180 days period ("Valid Period"), commencing from the Activation Date.

 

For the avoidance of doubt, the Activation Date and the respective Valid Period vary among each Valid Transfer, since the Completion Date may vary. In situations where multiple Valid Transfers are made on multiple days during the Promotion Period, each Coupon awarded shall have its own distinct Completion Date, and each set of Vesting Conditions shall apply separately to each Coupon awarded.

 

For example:

If you are a U.S. stock transfer user, and assume you transfer stocks worth USD 3,000 on August 15, and then transfer stocks worth USD 18,000 on August 20, the system will recognise a total transfer of USD 21,000 by August 20. Consequently, you will receive 2 stock cash coupons, each worth AUD 100, and your asset holding period will start from August 20 for at least 90 days.

If you are an Australian stock transfer user, and assume you transfer stocks worth AUD 10,000 on August 15, you will receive the first stock cash coupon worth AUD 100, and your asset holding period will start from August 15 for at least 90 days. Subsequently, if you transfer stocks worth AUD 45,000 on August 20, the system will recognise a total transfer of AUD 55,000 by August 20. Consequently, you will receive the second stock cash coupon worth AUD 100, and your asset holding period will start from August 20 for at least 90 days.

 

Stock Cash Coupons FAQ

1.Definition

Coupons are applicable to stock orders in Moomoo AU accounts. After a client redeems a 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.

2.How to redeem

A coupon will be automatically applied to the client's first eligible trade order (buy-to-open orders exceeding AUD $100 only) within the Validity period. Whether the client can use a 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 coupon for each order, but coupons may be used in conjunction with a commission discount or zero-commission coupon, if applicable.

3.When will the cash offset arrive & where to check

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

 

How do I transfer to moomoo?

Transfer US stocks to Moomoo AU

Click here for more information.

Transfer AU stocks from other brokers

Click here for more information.

 

Assets eligible for US stock transfers

1.Eligible Assets

· US stocks, American Depository Receipts (ADR), ETFs.

· Cash (Currently only supports cash transfers from Stake, IBKR AU, Westpac, TD Ameritrade).

2.Ineligible Assets

Options, short stock positions, bonds, mutual funds, pink sheets, fractional shares, and other over-the-counter (OTC) securities.

 

Other Terms and Conditions

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 engaging in, has engaged in, attempted, or caused to engage in activities in violation of the offer conditions. In such cases, Moomoo AU's decision will be final, and no further correspondence will be entered into.

Moomoo AU also reserves the right to reclaim any reward acquired via inappropriate means, such as exploiting system vulnerabilities.

The Promotions are provided by 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.

The eligible participant can only participate in the promotion during the promotion period and only in the manner described in these Terms and Conditions. If the participant submits his/her entry late, early, in a way other than the prescribed manner, or otherwise incomplete, he shall be excluded from participation without further notice.

At its sole discretion, Moomoo AU reserves the right to cancel, terminate, modify or suspend these Terms and Conditions, and invalidate any affected participations, or cancel, suspend or vary a reward, without any further notice or assuming any liability to any person(s). Such cancellation, termination, modification, suspension or invalidation will take effect immediately at the time when they are posted or made available to the Participants.

Each Participant can only open one trading account with us, and by participating in this promotion, Participants are deemed to have agreed 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 any Participant's securities account shows signs of fraud, abuse, or suspicious activity, including but not limited to registering multiple accounts using the same device, Moomoo AU may, at its sole discretion, cancel the Participant's rewards and limit the Participant's eligibility to participate in future promotions.

Each device, mobile or desktop, is only entitled to one set of Rewards. Using the same moomoo ID, phone number, or device will all be regarded as a single user.

This Promotion is not available for users on the "Futu Promotions and Events Participation Ban List". If a user repeatedly violates Futu's safety rules, the user will be put on the "Futu Promotions and Events Participation Ban List".

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.

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

To the maximum extent permitted by applicable laws, in no event shall Moomoo AU or anyone acting on its behalf be liable for any direct, indirect, special, incidental or consequential damages whatsoever, including without limitation damages for loss of profits, loss of confidential or other information, business interruption, loss of privacy, failure to meet any duty (including without limitation any duty of good faith or reasonable care), negligence, negligent misrepresentation, failure to warn, and any other pecuniary or other loss whatsoever, arising out of or in any way related to Moomoo AU or the Promotion, including without limitation any use or misuse of, or inability to use the systems, platforms, websites, mobile Apps or any other channel developed or owned by Moomoo AU , or otherwise under or in connection with any provision of these Terms and Conditions, including without limitation any breach of any term or condition or a fundamental breach of these Terms and Conditions, even if Moomoo AU or anyone acting on its behalf has been advised of the possibility of such damages.

These 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.

Moomoo AU reserves the right of final interpretation of these Terms and Conditions (including but not limited to the terms of all promotion rewards and stock cash coupons) to the extent permitted by law. In the event of any dispute, our decisions are final and no correspondence will be entered into.

The failure of Moomoo AU to exercise or enforce any right or provision of these Terms and Conditions shall not constitute a waiver of such right or provision. If any of these Terms and Conditions is found by a court of competent jurisdiction to be invalid, you agree that the court should endeavor to give effect to the intentions of Moomoo AU as reflected in these Terms and Conditions, and the other provisions of these Terms and Conditions shall remain in full force and effect.