2th Global Paper Trading Competition, Split US$200,000 cash prize.

1.Event Period

From October 13, 2025, 03:00:00 AEDT to November 22, 2025, 08:00:00 AEDT.

 

2.Eligibility

All moomoo users

 

3.Prizes and Awards

3.1 Papertrade Personal Challenge: Get Tokens and Redeem Cash Rewards!

After signing up for this competition, participants may earn Tokens by completing designated tasks within the Paper Trading Challenge. These tasks include, but are not limited to: executing options paper trades, achieving positive weekly returns, and completing other qualifying activities as specified on the event page. All of the challenge tasks and their respective point values will be exclusively determined by the criteria published on the official event page.

 

3.1.1 Rewards:

1."Tokens" that meet the requirements can be exchanged for "Stock Cash Coupons".

Tokens	Rewards (Stock Cash Coupons in USD）
500	$5
1500	An extra $10 (Total: $15)
3000	An extra $35 (Total: $50)
5000	An extra $150 (Total: $200)

2.The total $200,000 prize pool for all regions will be distributed weekly on a first-come, first-serve basis until all funds are claimed. The prize pool will be unlocked gradually over six redemption rounds. The cash reward redemption period is from 03:00:00 on October 13, 2025 AEDT to 02:59:59 on December 1, 2025 AEDT.

 

3.1.2 Avatars：

During the event, participants can unlock avatars by completing the following tasks:

• Complete a paper trade: Unlock the "Trading Star" avatar.

• Achieve a positive weekly P/L % : Unlock the "All-Weather Trader" avatar.

• Rank top 20% in Global Weekly P/L % in any week : Unlock the "Market Wizard" avatar.

Once you unlock an Avatar, you get a 60-day trial period. The trial period starts from the moment of unlock and is displayed on the page. You can set Avatars in the "Me" -> "Profile Picture" section. If you want to switch avatars for your P/L posts, you need to become the Moomoo Membership.

 

3.2 Global winners:

Participants who achieve positive cumulative returns and rank among the top 3 globally shall receive the following rewards:

1st Place: US$10,000 in Stock Cash Coupons

2nd Place: US$3,000 in Stock Cash Coupons

3rd Place: US$1,000 in Stock Cash Coupons

 

Total P/L = [(Net Asset Value After the End of the Competition / Initial Net Asset Value of the Competition Account) – 1] * 100%

The competition will be settled based on the closing prices at 4:00pm ET on the final day. Profits and losses from after-hours trading on the final day will not be included in the competition results or rankings.

The official leaderboard will be updated and confirmed after 3:00:00 November 26 (AEDT).

During the competition, the latest holdings of the top 3 users will be updated and displayed on the page in real-time.

 

Additional Rewards:

• The top 3 global users will receive a trophy co-presented by Nasdaq and Moomoo.

• The top 10 users in ANZ region (includes Australia and New Zealand ) will receive a certificate co-presented by Nasdaq and Moomoo.

Our staff will contact the winners after the competition regarding specific award arrangements.

 

3.3 Times Square, Nasdaq Tower video:

During the six-week period, participants who achieve positive weekly returns can sign up for the opportunity to be featured in a video broadcasted at Nasdaq Tower. Selected users will receive official invitations to submit visual materials for a promotional video featured on Nasdaq's iconic billboard in Times Square, New York. The specific selection criteria are subject to the detailed rules：https://www.moomoo.com/au/support/topic6_620

 

4.Trading Terms

1.Trading Scope

• The trading securities permitted in this competition are limited to US stocks, ETFs, and options.

2.U.S. Market Trading Hours

• Trading is supported during the following sessions: pre-market, regular market hours, and after-market (4:00 AM to 8:00 PM Eastern Time).

3.Account Attributes

• Initial Account Balance: $100,000.

• Margin and Short Selling: The account supports margin trading and short selling.

• For long positions: Initial margin requirement is 50%, with a maintenance margin of 40%.

• For short positions: Initial margin requirement is 60%, with a maintenance margin of 50%.

• Interest Rates:

• Short selling interest is calculated at an annual rate of 6%.

• Margin trading interest is calculated at an annual rate of 4.8%.

• Interest is charged daily after the market closes.

4.Trading Order Restrictions:

• To ensure the competition's professionalism and fairness:

• Trading of stocks priced below $1 is prohibited.

• Trading of stocks with a market capitalization of less than $500 million, as well as their options, is prohibited.

• Order Limits:

• Maximum of 200 orders per day (excluding cancellations and modifications).

• Maximum of 100 positions held at any time.

• The holding of any single stock is limited to 40% of the total account assets. However, if this limit is exceeded due to stock price fluctuations or option exercises, no action is required.

5.Risk Control Rules:

• During trading hours, if the account's remaining liquidity falls below zero, forced liquidation will be triggered.

6.Option Exercise Rules:

• After the market closes, the paper trading system will automatically exercise In-the-Money (ITM) options expiring that day.

• If sufficient funds are available, the underlying assets will be bought or sold accordingly.

• If funds are insufficient, the simulation will cover the difference in option profit.

• Out-of-the-Money (OTM) options expiring that day will be voided after the market closes.

• Index options and stock options will use the intraday closing price on the exercise date as the exercise settlement price

7.Corporate Actions:

• The competition supports only the following corporate actions: dividends, stock splits, reverse splits, and ticker symbol changes. Other corporate actions are not supported.

• If a company is delisted for any reason, participants will be unable to trade that stock in subsequent competition days. The system will credit the participant's account with the stock's last closing price on the second business day following the delisting.

• Corporate action data may be delayed due to dependencies on upstream sources. If such delays affect participant rankings, the paper trading system will make efforts to rectify the issue to ensure fairness.

8.Order Matching Rules:

• The matching of simulated orders takes into account the actual trade-by-trade volume from the real market.

• Even if the order price is suitable, without corresponding trade volume, the order will not be executed.

• If the actual trade volume is less than the order volume, only the available trade volume will be matched, and the remaining portion of the order will remain in the queue awaiting further matching.

9.Fees:

• Stocks:

• Commission: 0

• Platform fee: $0.99 per order.

• Trading Activity Fees: $0.000166 per share, maximum $8.30 per order (charged only on sell orders)

• Options:

• For options with a premium greater than $0.10: $0.65 per contract.

• For options with a premium less than $0.10: $0.15 per contract.

• Minimum commission of $1.99 per order.

• Commission:

• Platform fee: $0.30 per contract.

• Trading Activity Fees: $0.00279 per contract.

• Options Regulatory Fees: $0.015 per contract.

10.Competition Settlement Rules:

• Competition results will be calculated based on the prices of the regular trading session on the last day of the competition. After-hours trading will not be included. For options that expire on the last day, the value resulting from their exercise or assignment will be included in the final P&L and rankings. Weekly P&L data is updated after 10:00 PM ET on Fridays.

• Weekly return = (This week's closing net asset value - Last week's closing net asset value) / Last week's closing net asset value. Weekly P/L% is calculated based on closing data as of 10 PM ET each Friday.

11.Prop Cards:

• Reset Card: If the account's virtual assets are insufficient for further trading, using this card will restore the account's initial virtual funds. Each participant may only use the revival card once during the competition.

12.Tiebreaker:

• If multiple participants achieve the same return rate, their ranking will be determined by the order of their registration time for the competition.

13.Cheating:

• Any form of cheating or exploitation of system vulnerabilities to generate profits will result in disqualification from the competition.

14.System Disclaimer:

• The simulation system is provided by moomoo. In the event of discrepancies between the simulation and the real market, the simulation system shall prevail. The use of the simulation system is free of charge, and any deducted trading fees are virtual and do not involve real financial expenditure.

 

5.Reward Rules

5.1 Papertrade Personal Challenge

If you successfully redeem a reward on the event page, the corresponding cash rewards will be issued to your account and can be viewed in the app under "Coupons".There are a total of four reward denominations: 5,10, 35, and 150. Each denomination can win a maximum of once.

 

Detailed rules:

• You can use the stock cash coupons when buying US stocks and Australian stocks (or ETFs) (buy order amount ≥ US$5). After using it, you will receive an amount equal to the value of the stock cash coupons. The amount will be credited to the relevant securities account within three trading days after the order is completed.

• During the validity period, the stock cash coupons will automatically match the first qualifying trading order (only for opening buy orders), with conditions including order amount, trading category, applicable market, etc. Cashback will be received upon completion of a qualifying trade order within the validity period of the stock cash coupon.

• Only one stock cash coupon can be used per order. Commission coupon stacking is supported during trading.

• The stock cash coupons are valid for 30 days from the day of receipt.

 

5.2 Global winners

The cash rewards will be distributed after the event ends. Eligible participants must claim their rewards on the event page between 26 November at 03:00 AEDT and 31 December at 03:00:00 AEDT. Failure to claim the rewards within this period will be considered a forfeiture of the reward.

 

Reward details:

Global Top 1: US$10,000 in Cash Rewards

Global Top 2: US$3,000 in Cash Rewards

Global Top 3: US$1,000 in Cash Rewards

 

Detailed rules:

• You can use the stock cash coupons when buying US stocks and Australian stocks (common stocks or ETFs) (buy order amount ≥ US$1,000). After using it, you will receive an amount equal to the value of the cash rewards. The amount will be credited to the relevant securities account within three trading days after the order is completed.

• The stock cash coupons of US$10,000, US$3,000, and US$1,000 will be distributed in ten, three, and one coupons, respectively. Each coupon is worth US$1,000.

• The stock cash coupons are valid for 180 days from the day of receipt.

 

5.3 Free Nasdaq TotalView Quote Card

During the event, users can visit the landing page and receive a free one-month Nasdaq TotalView quote card, which will be automatically activated upon distribution. Only registered MTI users are entitled to access Nasdaq TotalView. The Nasdaq TotalView function is available on both the moomoo app and on a PC desktop. Participation in the free trial of Nasdaq TotalView doesn't require the establishment of a brokerage account. Should you wish to continue using Nasdaq Totalview, subscription charges may apply.

 

5.4 Avatar Frame

  Upon entering this event page, users can click on "Start Now" to receive the exclusive "13th Anniversary Avatar Frame." The avatar frame is valid until the end of the event.

  After obtaining the avatar frame, you can go to the "Achievements Page" to wear or remove it.

 

5.5 Special Reward

Navigate to the Special Rewards section within the landing page and enter a valid code within the validity period to claim rewards (Reward types and quantities vary by promotion period).

Each code corresponds to a limited quantity of rewards. All rewards are distributed on a first-come, first-served basis and will cease once supplies are exhausted.

Eligible codes are available through: Community, Task Center, or external channels, etc. The Cash Rewards distributed as an extra bonus will be valid for 30 days from the day of receipt.

 

5.6 Extra Bonus

On October 29th, users who enter the product page will receive an extra bonus. Funded Clients: Will receive the 13th Anniversary Medal, Tokens and Points. Unfunded Clients: Will receive the 13th Anniversary Medal, Tokens and Cash Rewards (valued at $3). The "13th Anniversary Medal" can be viewed and applied in the app under "My Medals". The Cash Rewards distributed as an extra bonus will be valid for 30 days from the day of receipt.

 

5.7 Cash Rewards rules

Participants must have a brokerage account opened through Moomoo Securities Australia Ltd. to receive Cash Rewards.

Participants can use the Cash Rewards when buying US stocks (common stocks, options, or ETFs)

Cash Rewards, redeemable solely through the moomoo app, represent potential credits for eligible equity purchases in Moomoo Securities Australia Ltd brokerage account and hold no other value. Additional terms & conditions apply.

Cash Rewards represent the value of a potential credit to a brokerage account and are not discounts on your purchase orders. Cash Rewards may be taxable to you. You must have a brokerage account with Moomoo Securities Australia Ltd. to redeem Cash Rewards. Cash Rewards may be redeemed only through the moomoo app and have no other value.

Cash Rewards do not have any buying power until the face value of the Cash Reward is credited to your brokerage account. After the first eligible order (buy-to-open orders only) is settled, a Cash Reward amount equal to the face value of the coupon is credited to the user's brokerage account within three trading days. The use of Cash Rewards depends on the order amount, product type, applicable market, and other conditions. Cash Rewards can be used only once per order. Cash Rewards can be used in conjunction with a Commission Discount or Zero Commission Coupon. By default, Cash Rewards with the earliest expiration will be used first. If two or more Cash Rewards have the same expiration date, by default, the Cash Rewards with the higher denomination will be used first. Cash Rewards are not registered, non-transferable, irrecoverable once lost, and can be used only once. Cash Rewards are promotion rewards, and moomoo reserves the right to reclaim Cash Rewards acquired via inappropriate means, such as exploiting system vulnerabilities, hacking, and false pretenses.

non-transferable

6.Other terms and conditions:

  By participating in this activity as described above, you are deemed to have agreed to the following terms and conditions of Moomoo Securities Australia Ltd (the "Organizer"):

1. The Paper trading competition account is purely a virtual trading account and can only be used for simulating trading challenges with US stocks, US options and US stock ETFs；

2. The cash or other assets displayed in the Paper trading competition account have no actual value and cannot be withdrawn or exchanged；

3. The content and design of the Paper trading competition account are assets of the Organizer, participants are not allowed to alter, modify, adapt, imitate, or otherwise change any part in any way；

4. Participants acknowledge and agree that the Organizer may display or use their user nicknames, avatars, Moomoo App accounts, total returns, holdings, and trading information, as such information relates to the paper trading competition；

5. All transactions conducted through the Paper trading competition account are virtual in nature. Instructions entered by participants will not be transmitted to any exchange for execution (including but not limited to the New York Stock Exchange, Nasdaq Stock Market, American Stock Exchange), nor will they constitute any settlement or payment obligations for participants or the company. Securities trading services provided by the company and any rights and obligations related to such services do not apply to virtual trading within the challenge account；

6. Some information displayed in the Paper trading competition account (including security quotes) is provided by third parties. The bank makes no representations, warranties, or commitments regarding the accuracy or completeness of such information and shall not be liable for any losses or damages incurred by any person directly or indirectly using such information；

7. The organizer has the final decision-making power on the calculation of the holding profit challenge account, the list of winners for each prize, and their prizes. Participants may not object to the organizer's decision;

8. If the organizer believes that a participant has engaged in any cheating behavior, the organizer has the right to cancel the results. If any cheating behavior is found among the global and regional top participants, their eligibility for the prizes will be revoked, and the prizes will be offered to the next participant identified in the global ranking. If cheating behavior causes losses to the organizer, the organizer reserves the right to pursue legal action;

9. At the end of the campaign, users with positive yield challenging the TOP 3 global cumulative returns are required to cooperate with the organizer's promotional activities, including being interviewed by Moomoo, recording the winning video and delivering a winning speech. Users are required to sign an authorization form agreeing that Moomoo will use the relevant materials for brand promotion within the period of time；

10. The organizer shall not be responsible for any errors, omissions, interruptions, deletions, defects, delays in transmission over communication lines, or any problems or technical malfunctions arising from telephone networks, computer online systems, servers or providers, computer equipment, software, or any technical issues or communication congestion resulting in failure to receive any emails or communications;

11. The organizer is not responsible for any damage or loss caused to participants or any other person's computer due to any form of human or non-human errors, including participation in the contest, instruction input and submission, or notification related to the contest, including damage or loss caused by computer viruses or harmful programs;

12. Some prizes for this activity are provided by third-party merchants (including items redeemed in the mall using points). Once the prize is collected, it cannot be returned or exchanged. The use of prizes is subject to the merchant's relevant terms. The winner shall bear all applicable taxes, fees, additional charges, and/or foreign tariffs (if any). In case of any issues with the prize, please contact the relevant merchant directly. The organizer assumes no legal responsibility;

13. Activity rewards are strictly distributed according to the rules. Participants cannot apply for rewards through special means if they do not meet the qualifications for the activity. The organizer reserves the final decision-making power on the distribution and changes of any rewards;

14. If the prizes for this activity are provided by the organizer, their use is subject to the terms and conditions issued by the organizer for the respective prizes;

15. Before redeeming the Stock Cash Rewards distributed in the redemption activities, winners must open a corresponding universal account with Moomoo in the relevant market to receive the corresponding rewards;

16. There are expiration dates for receiving and using activity rewards. Failure to claim or use rewards within the specified period will result in the rewards being forfeited, and the winner is considered to have automatically waived their eligibility;

17. The organizer reserves the right to modify or cancel the activity process, rules, awards, explanations, etc., based on actual circumstances and will notify participants as early as possible. The interpretation of the rules of this activity belongs to the organizer, who has the right to modify rules, processes, etc., including but not limited to the rules and processes of the activity, in response to loopholes in the activity;

18. If the activity is not running normally for any reason, such as interruptions or early termination, the organizer has the right to make corresponding adjustments and handle trading operations during abnormal periods. Participants cannot object to the decisions made by the organizer;

19. The organizer may freely quote the achievements and personal information of participants in any promotions or advertisements related to the activity, including but not limited to name, portrait, or voice (except where prohibited by law), without the approval of the participant being quoted;

20. The confirmation of information and data for this activity is based on the organizer's backend confirmation, and the organizer reserves the final interpretation right;

21. This promotion does not constitute an offer, solicitation, advice, opinion, or any guarantee of securities, financial products, or tools.

22. The organizer reserves the final decision-making power on any disputes related to this activity;

23. All amounts in the rules for this promotion are in U.S. dollars；

24. Each user is limited to using one account, one mobile phone number, and one device to participate in promotions. Abnormal behavior (including but not limited to using mobile phone device emulators and artificially modifying mobile phone device numbers) may automatically disqualify or suspend users’ eligibility for participating in the promotion.

25. This offer is limited to one reward per new account, with no more than one account enrolled per person；

26. Neither receipt of a share of stock through this program nor identification of a particular security in communications related to this promotion constitutes a solicitation of the security or a recommendation to buy, sell, or hold the security；

27. If you have any questions, please contact us via "Me"-"Customer Service"in Moomoo APP.

7.Risk disclosures:

Options trading entails significant risk and is not appropriate for all customers. It is important that investors read Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount. Supporting documentation for any claims, if applicable, will be furnished upon request. Moomoo does not guarantee favorable investment outcomes. The past performance of a security or financial product does not guarantee future results or returns. Customers should consider their investment objectives and risks carefully before investing in options. Because of the importance of tax considerations to all options transactions, the customer considering options should consult their tax advisor as to how taxes affect the outcome of each options strategy.

The Paper Trading feature in the moomoo app is for educational purposes, enabling simulated trading with virtual funds using live market data. Any orders, returns, costs, and other aspects within Paper Trading are simulated. Virtual performance does not ensure success in a live trading environment.