1. Paper trading supports two markets: the US stock market, and the Malaysia stock market. By tapping the "Get Now" button, you can open a virtual account for each market, with initial assets of 1 million USD, and 1 million RM in each account, respectively.
2. The product types you can paper trade are limited to stocks for the US stock market and the Malaysia stock market.
3. Trading hours: US stock market: 9:30 AM-4:00 PM (Eastern Time); Malaysia stock market 9:00 AM-12:30 PM, 2:30 PM-5:00 PM (Malaysia Time).
4. Paper trading supports dividends and bonus shares, but is not available for IPO shares subscription, rights issue, or placement.
5. Paper trading adopts the rules of order matching. The highest bid (best bid) and the lowest ask (best ask) are the best prices for matching. A buy order at a price higher than the best bid or a sell order at a price lower than the best ask satisfies the matching conditions and will be automatically queued for execution.
6. The paper trading system may not necessarily be consistent with the real stock market. In case of any inconsistency, data in the paper trading system shall prevail.
7. If you hold the stock of a listed company that is delisted for any reason, you may no longer trade such stock in later trading days, and the system will return the virtual funds to your virtual account at the last closing price.
8. Paper trading fees do not reflect actual trading fees due to the nature of paper trading. For actual investments, please refer to the fee standards in the official trading environment.
● US market:
Commission: 0.0049 USD/share, minimum 0.99 USD/order;
Platform Fee: 0.005 USD/share, minimum 1 USD/order;
Settlement Fee: transaction shares * 0.003 USD;
Regulatory Fee: transaction amount * 0.0000221 USD, minimum 0.01 USD/order;
Trading Activity Fee: transaction shares * 0.000166 USD, minimum 0.01 USD and maximum 8.3 USD(sells only);
● Malaysia market
Commission: transaction amount * 0.1%, minimum 8 RM/order;
Settlement Fee: transaction amount * 0.03%;
Service Tax: commission * 6%;
Stamp Duty: 1 RM for every 1,000 RM traded(amounts below 1,000 are calculated as 1,000), maximum 200 RM/order
9. Transaction fees deducted in the paper trading system are not real expenses. The paper trading system is free of charge, so please feel free to use it.
This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose of the above content.