Moomoo AU Cash Plus Rules

This document provides you with important information about how the Cash Plus Program works. These terms and conditions supplement the terms and conditions contained in the Client Service Agreement, related documents which govern your trading account, and other terms and conditions available and applicable to the Cash Plus Program.

YOU ACKNOWLEDGE THAT YOU HAVE RECEIVED AND CAREFULLY READ THESE TERMS AND CONDITIONS IN CONNECTION WITH THE CASH PLUS PROGRAM.

Moomoo Securities Australia Ltd, ABN 51 095 920 648, AFSL 224663 (‘Moomoo AU’ "we", "our" or "us") are pleased to offer Cash Plus Program, to provide clients with access to competitive at-call interest rates on idle cash balances held in their trading accounts, while clients are waiting on investment opportunities.

1. Definitions

2. Eligibility

2.1 Eligibility to Participate

Cash Plus Program is available only to Eligible Clients of Moomoo AU who:

1.Are Australian residents over the age of 18; and

2.Held a trading account with Moomoo AU; and

3.Have completed activation and/or enrollment processes according to these terms and conditions to participate in Cash Plus Program.

2.2 New Clients and Existing Clients

The distinction on the definition of New Clients and Existing Clients is whether they made a deposit before 31 July, 2024. However, the definition of New Clients and Existing clients may vary from time to time, at Moomoo AU's own and absolute discretion.

3. Activation and Opting Out

3.1 Activation (open to all Eligible Clients)

All Eligible Clients MUST activate the Cash Plus program by clicking on the "Activate" button on the Cash Plus activation page and following the prompts to complete Activation. By completing the activation process, Eligible Clients are deemed to have confirmed his or her participation in the Cash Plus program, and are entitled to interests under the Cash Plus Program according to these Terms and Conditions. You will not be entitled to receive interests if you fail to complete the Activation. 

3.2 Enrollment (open to Existing Clients)

Commencing from 5 November 2024, for Existing Clients, even if they have previously completed enrollment and activated Cash Plus Program, as long as they have no existing Cash Plus Booster Coupon in effect on or after 5 November, 2024, they need to complete the enrollment again via https://invest.au.moomoo.com/cashplus_rewards_tradeshare to enjoy Booster Rate under these terms and conditions.

3.3 Opting-Out (open to all Eligible Clients)

Clients can opt-out by entering the Moomoo APP, click [Accounts]-[Cash Plus] which subsequently lead the Clients to the Cash Plus details page, click [Management] in the upper right corner, and select to opt-out.

4. Cash Plus Base Rate and Booster Rate

5. Rules for Cash Plus Booster Coupon 

5.1 Validity Period

The validity period for each Cash Plus Booster Coupon is 30 calendar days commencing from the date of issuance.

5.2 Automatic Issuance

A Cash Plus Booster Coupon will be automatically issued to an Eligible Client's account upon satisfaction of respective conditions, including but not limited to:

1.New Clients complete the activation of the Cash Plus Program and make the first deposit;

2.Existing Clients complete the activation and enrol in the Cash Plus program, and complete the relevant Transaction Amount Task;

3.Each time an Eligible Client completes the relevant Transaction Amount Tasks, as specified in clause 6; or

4.other designated conditions imposed at Moomoo AU's sole and absolute discretion.

5.3 No Manual Activation Required

Generally, the Cash Plus Booster Coupon, once issued, will be automatically activated without manual activation. The only exception would be when Moomoo AU's system detects that there is a Cash Plus Booster Coupon currently in effect, then the Client will need to manually activate the newly-issued Cash Plus Booster Coupon upon expiry of the existing one.

5.4 Separate Coupons for Different Currencies

1.The Cash Plus Booster Coupon can be used to generate additional cash interests for Uninvested Cash Balances in both AUD and USD, with a cap of AUD$80,000 and USD$80,000 respectively.

2.Cash Plus Booster Coupons will be issued separately for AUD and USD cash balances, i.e. if you have uninvested AUD and USD cash balances in your account, upon satisfaction of the issuing conditions, 2 Cash Plus Booster Coupons will be automatically issued, 1 for AUD Uninvested Cash Balances and 1 for USD Uninvested Cash Balances.

5.5 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.

6. Transaction Amount Tasks for More Cash Plus Booster Coupons

6.1 Task Period

1. A Transaction Amount Task recurs every 30 calendar days (“Task Period”). During each Task Period, clients are welcome to fulfill a Transaction Amount Task by trading to the “Target Transaction Amount" calculated by the system. Upon the expiration of each Task Period,

  a. If the client achieves the Target Transaction Amount for that Task Period, a Cash Plus Booster Coupon will be issued on the next day; and

  b. The Transaction Amount Tasks will be automatically refreshed according to the rules set forth in clause 6.3.

2. Moomoo AU may at its discretion terminate the recurrence of the Task Periods. In that case, Moomoo AU will provide written notice by email at least 30 calendar days before the decided termination date. On and after the termination date, Moomoo AU will not accept activations to participate in the Cash Plus program and no new Task Period can be started. Nevertheless, the transactions made before the termination date are valid.

6.2 Actual Transaction Amount

The calculation of Actual Transaction Amount is subject to the following rules:

1.Transactions that are either buy order or sell order for securities and ETFs will be counted.

2.Orders for US options will NOT be included.

3.Prior to 10 February 2025, orders in Hong Kong Dollars will not be included; effective from 10 February 2025, orders in Hong Kong Dollars will also be included solely for the purpose of calculating the Actual Transaction Amount. Uninvested Cash Balances in Hong Kong Dollars are not entitled to the Booster Rate.

4.Clients may trade Australian/US/Hong Kong Stocks and ETFs, meaning a client's trading account may have assets in different currencies. For the purpose of the Cash Plus Program, both the Actual Transaction Amount and Target Transaction Amount will be calculated in Australian dollars (AUD). The Actual Transaction Amount will be the combined amount of all valid transactions during each Task Period, calculated at fixed exchange rates of: USD to AUD = 1USD: 1.377 AUD; HKD to AUD= 1AUD: 5.72HKD).

6.3 Target Transaction Amount

Target Transaction Amount refers to the transaction amount target set by Moomoo AU for each Task Period, calculated according to the rules set forth as follows:

*Examples for New Clients

A New Client first deposits A$1,000 on 2024/11/05, a Cash Plus Booster Coupon is issued and is valid from 2024/11/05 00:00~2024/12/04 23:59. To unlock additional Cash Plus Booster Coupons for the following Task Period, the New Client must complete the Transaction Amount Task during the period 2024/11/05~2024/12/05.

*Examples for Existing Clients

An Existing Client activated and enrolled in the Cash Plus Program on 2024/11/05 and the client's actual transaction amount during the period 2024/10/01 ~2024/10/31 is A$ 1,000, for the period during 2024/11/05 00:00~2024/12/04 23:59, NO Cash Plus Booster Coupon will be issued, and the Existing Client must complete the Target Transaction Amount Task to unlock Cash Plus Booster Coupons for the following Task Period.

7. Other General Rules

7.1 Uninvested Cash Balances

1.For purpose of the Cash Plus program, "Uninvested Cash Balance(s)" is defined as the funds immediately available for withdrawal recorded at AET 12:00 PM (at noon) daily cut-off times for interest accrual. This figure is displayed as "Uninvested Cash" under the Cash section on the daily and monthly account statements delivered to clients.

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.Clients engaging in options trading are required to post margin commensurate with position risk;

  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 a New Client completes account opening and deposits but fails to complete the Activation pursuant to clause 3.1, Moomoo AU 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 Activation

5.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.

7.2 Available Currencies

The Cash Plus Program is only available for Uninvested Cash Balances deposited in AUD and USD, and is not available for Uninvested Cash Balances deposited in other currencies.

7.3 Daily Interest Accrual Cut-off Period

1. Base Rate Interests

•Funds deposited during the 24 hours 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 Uninvested Cash Balances calculation on T day.

•Funds deposited after AET 12:00 PM (at noon) on T day will be included in the Uninvested Cash Balances calculations on T+1.

•Where the client completes the Activation and Enrollment of the Cash Plus Program, the uninvested Cash Balances in his/her account will begin accruing interest on T+1 day if the Activation and Enrolment are completed by 23:59 PM AET on the day (T+0).

2. Booster Rate Interest

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.

7.4 Daily Income Calculation Formula

Daily Interest = Uninvested Cash Balance (up to AUD/USD $80,000) * (Base Rate+ Booster Rate)/365 + the remaining uninvested cash balance (total Uninvested Cash Balances deducting AUD/USD $80,000) * Base Rate/365

7.5 Income Display

Participating Eligible Clients can keep track of their [Total accumulated income], [Cash Plus Interest], and [Cash Plus Booster Rewards] on the activity page, after completing the Activation and Enrollment (if required) through the respective Cash Plus Program activity page.

7.6 Distribution Rules

The interest distribution (for both Base Rate Interest and Booster Rate Interest) for the previous calendar month will usually be completed on the 1st day of each calendar month, subject to any uncontrollable delays, whether caused by Force Majeure or other external factors or third-party causes that cannot be attributed to Moomoo AU. In the event of this type of delay, Moomoo AU will employ best endeavours to complete the interest distribution within 3 business days.

7.7 Tax Consequences

1.Interest distributed in 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.

2.Clients who have not provided their Tax File Number (TFN) to Moomoo AU may be subject to 47% withholding tax on the interests when they are paid. The amount withheld will be paid to the Australian Taxation Office (ATO). 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.

8. FAQs

8.1 What is Cash Plus?

Cash Plus Program is a promotion offered by Moomoo AU to eligible 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 interest earned on uninvested client funds onto its clients.

8.2 How can the Cash Plus Booster 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 the Booster Rate paid on eligible Uninvested Cash Balances (i.e. Uninvested Cash Balances of up to AUD$80,000 and/or USD$80,000). This applies to Eligible Clients participating in the Cash Plus program for a limited period, i.e the validity period of Cash Plus Booster Coupons. All Uninvested Cash Balances outside of such periods will continue to earn the Base Rate (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. Futu Group is licensed and regulated in Australia (AFSL 224663) as well as other major markets including the 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.

8.3 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 Base Rate and Booster Rate). Enter the Moomoo APP, click [Accounts]-[Cash Plus] which subsequently leads to the Cash Plus details page, to keep track of your total Cash Plus earnings.

8.4 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.

8.5 How is accumulated interest under Cash Plus program calculated? Where can I find my accumulated interest?

Interests under Cash Plus Program deposited from AET 12:00 PM (at noon) on T-1 day to AET 12:00 PM (at noon) on T day will be included in the asset interest on T day, and those interests deposited after AET 12:00 PM (at noon) on T day, will be included in the asset interest on T+1 day. The eligible cash balance is the withdrawable cash amount. Any cash held under pending orders and unsettled orders is not entitled to interest. Enter the Moomoo APP, click [Accounts]-[Cash Plus] which subsequently leads to the Cash Plus details page, to keep track of your total Cash Plus earnings. 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.

8.6 Why didn't I receive the Cash Plus Booster Coupon for the next 30 days when my Actual Transaction Amount is A$800 and I made a first deposit of A$1,000?

Considering that the Target Transaction Amount during the first Task Period is the higher of the first deposit amount and A$1,000, so the Actual Transaction Amount is A$1,000 or higher and has not achieved (i.e., 800 < 1000), then the Booster Rate for the second Task Period will not be available. In addition, the Target Transaction Amount for the second Task Period will be equal to the Target Transaction Amount for the first task period, which is at least A$1,000.

9. Miscellaneous

1.The Cash Plus Program is provided by Moomoo AU, a wholly-owned subsidiary of Futu Holdings Limited. In Australia, investment products available on Moomoo App 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.

2.Investing and/or trading in securities markets carry risks and may not be suitable for all investors. Clients willing to participate in Cash Plus Program 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.

3.The tax treatment of income depends on a client's personal circumstances 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 the Cash Plus Program.

4.A text message or e-mail containing relevant information about the Cash Plus Program will be sent to Eligibile Clients. If you want to turn off notifications, you can go to "Settings - New Message Notifications - Cancel Notifications" in the Moomoo App.

5.At its sole discretion, Moomoo AU reserves the right to cancel, terminate, modify or suspend this Cash Plus Program and invalidate any claims by affected participants, or suspend or vary a reward, without any further notice or assuming any liability to any person(s).

6.Only one trading account per client is eligible for the Cash Plus program and participants are required to agree to all existing terms and conditions in the Client Services Agreement, as well as all the terms and conditions of the Cash Plus Program, or any other related documents. 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.

7.Each device, mobile or desktop, is only entitled to one set of account-opening rewards, deposit rewards, and referral rewards. Using the same moomoo ID, phone number, or device will all be regarded as a single user.

8.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 at Moomoo AU.

9.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.

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

11.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 Cash Plus Program, 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.

12.Moomoo AU has the final right to interpret these terms and conditions. The data and data required for the purpose of Cash Plus Program 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.

13.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.