US Stock Paper Trading Master Challenge - May to June

1. Competition Schedule

1. Users may sign up and participate at any time during the competition period.

2. Registration Period for the Competition: 2:00 PM AEST on 18 May 2026 to 1:59 PM AEST on 27 June 2026 ("Competition Period").

 

2. Eligibility and Scope

Open to all Moomoo AU users.

 

3. How to Participate

1. Register for the competition Users can enter the event page and tap “Register Now” to sign up.

2. Paper Trading Participants can go to “Discover” > “Paper Trading” in the app, then sign up for a competition independently from the competition list.

 

4. Competition Rewards

(1) Task rewards Users must tap “Claim” on the tasks on the paper trading competition page and complete the required actions before a task is considered completed. Task rewards include stock cash coupons or points, etc. Specific tasks and corresponding rewards are subject to what is displayed on the competition page.

A. General Task Rewards for both AU&NZ users

1. Paper Trading Challenge Tasks Subject to these Terms and Conditions, Eligible Participants may earn the following Rewards by completing the corresponding tasks within the Competition Period:

• 1.1 Challenge Registration: Upon successful registration for the Paper Trading Challenge, an Eligible Participant will be credited with fifty (50) Loyalty Points. (Limit: One-time reward per account).

• 1.2 US Options Paper Trade: Upon the successful execution of a paper trade in US options, an Eligible Participant will receive a US$5 Stock Cash Coupon. (Limit: One-time reward per account).

• 1.3 Results Sharing: Upon successfully sharing their Paper Trading Challenge results via the designated in-app sharing function, an Eligible Participant will be credited with twenty (20) Loyalty Points. (Limit: One-time reward per account).

2. Account Conversion and Live Trading Tasks Subject to these Terms and Conditions, Eligible Participants may earn the following Rewards by completing the corresponding tasks within the Competition Period:

• 2.1 Initial Deposit: Upon the successful clearing of an Eligible Participant's first fiat currency deposit into their live trading account, they will receive a US$5 Stock Cash Coupon. (Limit: One-time reward per account).

• 2.2 First US Stock Trade: Upon the successful execution of the first live trade (buy or sell) in US equities, an Eligible Participant will be credited with five hundred (500) Loyalty Points. (Limit: One-time reward per account).

 

B. Exclusive Suprise Rewards for AU&NZ users

Rewards	AU uesr	NZ uesr
trading rewards (based on live trading activity)	• Eligibility and trigger conditions: These terms apply to Australian users registered for the paper trading competition. To qualify, you must complete your first valid paper trade during the Competition Period. • Status calculation period: Your live trading activity will be assessed from 1 April 2026 up to the time you complete your first paper trade. • Reward tiers:   ◦ No-trade users: If you have no live trades during the above status calculation period, you will receive two US$5 stock cash coupons after completing your first paper trade.   ◦ Single-trade users: If you have completed one live trade during the above status calculation period, you will receive one US$5 stock cash coupon. • Issuance restrictions: These rewards are mutually exclusive and cannot be claimed at the same time.	• Eligibility and trigger conditions: These terms apply to New Zealand users who have registered for New Zealand’s paper trading competition. To qualify, users must complete at least one valid paper trade within the campaign period. • Participation quota: Limited to the first 1,000 users who complete their first paper trade. First come, first served. Once the quota is reached, no further rewards will be issued. • Rewards: Users who complete at least one valid paper trade during the competition period will receive 2 x US$5 stock cash coupons (US$10 total). • Stacking restriction: This reward can only be claimed once per user. Duplicate claims are not permitted.
API skills rewards	• API Skills Rewards Campaign will commence on: 29 May 25 2026, at 14:00 (AEST) • Eligibility: You must register for the event and have connected your AI Agent via Moomoo API Skills. • Participation process:   • Step 1: Share your actual experience using Moomoo API Skills during the competition and complete one trade. For example, how you used Moomoo API Skills to provide your AI Agent with access to trading interfaces, or send trading instructions through the platform. Please include relevant screenshots showing your interface and usage process. Take a screenshot that demonstrates it. Note: Moomoo API Skills only provides data connectivity and trading access interfaces. Any trading instruction must still be confirmed by the user. Actual Agent performance depends on the capabilities of your own AI Agent.   • Step 2: Post the required screenshots of your hands-on operation to Instagram or Xiaohongshu (RED). 1.The post's title or main text must include the phrase: "Tech trading, one step ahead! I am one of the first moomoo API Skills experience officers" (科技炒股，快人一步！我是 moomoo API Skills 首批体验官), along with a minimum of 30 words sharing your personal user experience or trading strategy. 2.The post must include the following platform-specific tags/mentions:   • Instagram: @moomooanz & #moomoo #moomooapiskills   • Xiaohongshu (RED): #moomoo #澳洲投资 #moomooapiskills   • Step 3: Return to the event thread（https://www.moomoo.com/community/discussion/share-your-moomoo-api-skills-experience-win-up-to-18-2080899089） in the moomoo app and upload your post screenshot as proof to complete verification. • Reward: Eligible users who meet all requirements and confirmed by Moomoo team, will receive 0.1 shares of NVIDIA. • Limitations: Only the first two-hundred (200) participants who compelted the above steps can qualify for rewards.	N/A

 

(3) Overall ranking rewards At final settlement for Australia and New Zealand (referred to as ANZ region, combined rankings for Australian users and New Zealand users) :

• No. 1 in ANZ returns: NVDA shares worth US$300

• No. 2 in ANZ returns: NVDA shares worth US$200

• No. 3 in ANZ returns: NVDA shares worth US$100

 

5. Reward Notes

1. Points

• Points have no cash value. Points can be used in the Points Mall to redeem items/coupons of equivalent value.

• Points awarded from competition tasks will be issued within 10 minutes after completion. Users can go to “Me” > “My Rewards” to view rewards.

2. Stock cash coupons

• You must have a universal trading account opened via Moomoo to claim stock cash coupons. After use, you will receive the amount equivalent to the value of the stock cash coupon. Once the order is completed, the amount will be credited to the relevant All-in-One Account within 3 trading days.

• Stock cash coupons from competition tasks will be issued within 10 minutes after completion. Users can go to “Me” > “My Rewards” to view rewards.

• Stock cash coupons are valid for 30 days after being claimed. Expired rewards will not be reissued, so please use them in time.

3. Gift Shares

• You must have a universal trading account opened via Moomoo to claim gift shares. The number of gift sharess will be calculated based on NVDA's closing price on the last trading day before the competition ends. Calculation formula: Number of Gift Sharess = Value of Reward / NVDA Closing Price on the Last Trading Day Before the Competition Ends.

• The Gift Shares will be credited to your account within five (5) business days after the settlement of competition result concludes. You will be able to trade them once they arrive. You may check your account for any updates in holdings, or go to Stock Rewards > Records for details on their arrival.

 

6. Paper Trading Rules

1. Tradable Products: Only U.S. stocks, ETFs, and options are tradable in this competition. Other instruments are not supported.

2. U.S. Market Trading Hours: Pre-market, regular, and after-hours trading are supported (4:00 AM – 8:00 PM ET).

3. Account Settings:

• Initial account balance: USD 100,000.

• Margin trading and short selling are supported.

  ◦ Long position initial margin rate: 50%; maintenance margin rate: 40%.

  ◦ Short position initial margin rate: 60%; maintenance margin rate: 50%.

  ◦ Short selling interest: 6% annualized.

  ◦ Margin financing interest: 4.8% annualized.

  ◦ Interest is charged after market close daily.

4. Order and Position Restrictions: To ensure professionalism and fairness in the competition:

• Trading in stocks priced below USD 1 is restricted.

• Trading in stocks and options of companies with a market capitalization below USD 500 million is restricted.

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

• Maximum of 100 positions held at a time.

• The maximum position limit per stock is 40% of total assets.

• If the limit is exceeded due to price movement or option exercise, this restriction will not apply.

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 market close, any in-the-money (ITM) options expiring that day will be automatically exercised.

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

• If funds are insufficient, the system will execute all possible buy or sell actions, then perform forced liquidation on excessive positions as required by margin rules.

• Out-of-the-money (OTM) options expiring that day will expire worthless.

• Index and stock options will use the market close price on the expiration date as the settlement price.

7. Corporate Actions:

• Only dividends, stock splits, reverse splits, and ticker symbol changes are supported.

• If a listed company is delisted for any reason, participants will not be able to trade that stock afterward.

• The system will credit virtual funds equal to the last closing price to the participant’s competition account on the second business day.

8. Order Matching Rules:

• The paper trading system simulates actual market trade-by-trade volume.

• Even if the order price meets the condition, it will not be executed if no matching trade volume exists.

• If the real market trade volume × 20 is smaller than the order quantity, partial execution will occur based on available volume, and the remaining order will remain in the queue until matched.

4. Fees: Trading fees mirror those of the real market. Minor variations from the actual market fees are adjusted to those of the paper trading system. The paper trading system incurs no actual costs. Any fees deducted are purely notional. Please refer to below for detailed fee schedule:

a. Stocks

• Commission: USD 0

• Platform fee: USD 0.99 per order

• Transaction activity fee: USD 0.000166 per share, capped at USD 8.30 (applies to sell orders only)

b. Options

• Commission:

  ◦ Option premium > USD 0.10: USD 0.65 per contract

  ◦ Option premium ≤ USD 0.10: USD 0.15 per contract

  ◦ Minimum per order: USD 1.99

• Platform fee: USD 0.30 per contract

• Transaction activity fee: USD 0.00279 per contract

• Regulatory fee: USD 0.015 per contract

10. Competition Settlement:

• Competition results are based on closing prices during regular market hours on the final day.

• The value of exercised options expiring on that day will be included in the final ranking.

• Trades made during after-hours on the final day will not count toward competition results.

• Weekly return data is based on prices as of Friday 10:00 PM (ET).

11. Revival Card:

• If a competitor’s virtual assets are insufficient to place a simulated buy order, they may use a “Revival Card” item to restore their initial virtual funds.

• Each user may use one Revival Card per competition only.

12. Tie-breaking Rule: If multiple users have identical return rates, ranking will be determined by the order of registration time.

13. Disqualification: Participants who gain profits through cheating or exploiting system vulnerabilities will have their results and eligibility revoked.

14. System Source:The paper trading system is provided by Moomoo. If there are discrepancies between the paper trading system and actual markets, the data displayed in paper trading system shall prevail.

 

7. Disclaimer

By participating in the above promotion, you are deemed to have agreed to be bound by the following Terms and Conditions of Moomoo AU and moomoo NZ (collectively as the "Organisers"):

1. The moomoo App is a trading platform provided by Moomoo Technologies Inc. This promotion is offered by Moomoo Securities Australia Ltd. (referred to as "Moomoo AU" or the "Organiser") and moomoo NZ (referred 1. to as "moomoo NZ"), an Australian Financial Services licensee also registered with the FSPR to provide financial services in New Zealand (FSP 1008656). In Australia, the investment products available through the moomoo App are offered by Moomoo AU, an Australian Financial Services Licensee regulated by the Australian Securities and Investments Commission (ASIC). In New Zealand, the investment products available through the moomoo App are offered by moomoo NZ.

2. Investing and/or trading in securities markets involves risks and may not be suitable for all investors. Clients willing to participate in this event must read and understand the Financial Services Guide, Risk Disclosure Statements, and other legal documents, which are available on the website (www.moomoo.com/au and www.moomoo.com/nz) before making any investment decisions.

3. The paper trading competition account is purely a virtual account and may only be used for the purpose of the competition, to simulate the trading of U.S.-listed stocks, ETFs, stock options, ETF options, and index options.

4. Any cash or other assets displayed in the paper trading account have no actual value and cannot be withdrawn or redeemed.

5. The content and design of the paper trading competition account are the property of the Organisers. Participants may not alter, modify, adapt, imitate, or change any part of it in any manner.

6. Participants acknowledge and agree that the Organisers may display or use their usernames, avatars, Moomoo app accounts, total returns, holdings, and trading information, as these are relevant to the paper trading competition.

7. All trades executed through the paper trading competition account are virtual in nature. Orders entered by 6. participants are not transmitted to or executed on any actual exchange (including but not limited to the New York Stock Exchange, NASDAQ, or American Stock Exchange). Such virtual actions create no settlement or payment obligations for either the participant or the company. Securities trading services provided by the company, and any rights or obligations associated with them, do not apply to transactions made in the virtual competition account.

8. Certain information displayed in the paper trading account (including stock quotes) is provided by third 7. parties. The Organisers make no representation, warranty, or commitment regarding the accuracy or completeness of such information, and shall not be liable for any losses or damages, whether direct or indirect, arising from the use of or reliance on such information.

9. The Organisers reserve the final right to determine how returns in the competition accounts are calculated, the list of prize winners, and the prize distribution. Participants may not dispute any such decisions.

10. If the Organisers determine that a participant has engaged in cheating or fraudulent behavior, it reserves the right to disqualify the participant and invalidate the results. If any top-three participants are found to have cheated, their prizes will be revoked and awarded to the next eligible participant in the ranking. The Organisers also reserve the right to pursue legal action if such misconduct causes losses to the Organisers.

11. The Organisers shall not be responsible for any errors, omissions, interruptions, deletions, defects, delays in transmission, communication failures, or issues caused by network congestion, computer systems, servers, software, or other technical or connectivity problems that prevent receipt of any electronic communication.

12. The Organisers shall not be liable for any damage or loss to participants’ or others’ computers resulting from human or non-human errors, including but not limited to issues arising from participation in the competition, order input and submission, or communications related to the event. This includes harm caused by computer viruses or malicious programs.

13. Some prizes are provided by third-party merchants (including items redeemed in the Points Mall). Once a prize 12. has been claimed, it cannot be returned or exchanged. Prize use is subject to the merchant’s terms and conditions. Recipients are responsible for all applicable taxes, fees, surcharges, and/or customs duties. If there are any issues with a prize, recipients should contact the relevant merchant directly. The Organisers bear no legal responsibility for such matters.

14. Event rewards are distributed strictly according to the rules. Participants who do not meet eligibility criteria may not claim rewards by any special means. The Organisers reserve the final right to determine and adjust reward distribution.

15. If any prize is provided directly by the Organisers, its use is subject to the terms and conditions published by the Organisers for that specific reward.

16. Before redeeming stock cash rewards, winners must have a universal trading account with Moomoo in the relevant market to receive such rewards.

17. Rewards have specific expiration dates. Failure to claim or use rewards within the designated timeframe will result in forfeiture, and the participant will be deemed to have voluntarily waived eligibility.

18. The Organisers reserve the right to modify or cancel the event process, rules, prizes, and related information as necessary, and will notify participants as soon as possible. The Organisers retain full interpretation rights over these event rules and the authority to amend rules or procedures, including but not limited to addressing system issues or loopholes.

19. If the event cannot proceed normally for any reason (such as interruption or early termination), the Organisers reserve the right to make appropriate adjustments and handle affected trades accordingly. Participants may not dispute such decisions.

20. The Organisers may, at its discretion, reference participants’ achievements and personal information in any promotional or advertising materials related to the event, including (but not limited to) using participants’ names, likenesses, or voices, unless prohibited by law, without requiring prior approval.

21. All event information and data are subject to confirmation by the Organisers’ backend records. The Organisers reserve the right of final interpretation.

22. This promotional campaign does not constitute an offer, solicitation, recommendation, advice, or guarantee for any securities, financial products, or instruments.

23. The Organisers reserve the final right to decide on any disputes arising from or related to this event.

24. All monetary amounts mentioned in these promotional rules are denominated in U.S. dollars (USD).

25. Each user may participate using one account, one phone number, and one device only. Any abnormal activity (including but not limited to using mobile emulators or altering device information) may result in automatic disqualification or suspension from the promotion.

26. Only one set of rewards can be obtained per new account, and each individual may register for only one account.

27. Receiving stock shares or the appearance of specific securities in communications related to this promotion does not constitute a recommendation, solicitation, or offer to buy, sell, or hold any security.

28. For any questions, please contact us via the Moomoo App by going to “Me” → “Customer Service.”

29. 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.