Moomoo 2024 New Clients Rewards Promotion - October to December 2024

Content

Promotion Period

Eligibility

Reward Rules

A. Cash Plus Introductory Offer

B. About the Draw Chance and Gift Shares Offer

C. Brokerage-free Card

Other Terms and Conditions

 

Promotion Period

The Moomoo 2024 New Clients Rewards (hereinafter referred to as the ‘Promotion’, whereas the rewards issued in the Promotion are hereinafter referred to as " Welcome Rewards") is a promotion offered by Moomoo Securities Australia Ltd, ABN 51 095 920 648, AFSL 224663, of Suite 1701, Level 17, 570 George Street, Sydney (‘Moomoo AU’ or the ‘Promotor’). This Promotion is valid from 1 October 2024 at 00:00 AM AEDT to 16 December 2024 at 21:00 PM AEDT (the ‘Promotion Period’) and is available only to Eligible New Clients of Moomoo AU.

 

Eligibility

• This Promotion is only open to Australian residents over the age of 18 who have not held any previous or existing trading accounts with Moomoo AU (each an “Eligible New Client”). Due to local licensing restrictions, residents of South Australia are not currently eligible to participate in the Free Shares Offer.

• Each Eligible New Client must complete registration through the corresponding landing page to participate in this Promotion. New clients who complete registration through other channels are not eligible to participate in this Promotion.

• Each Eligible New Client, and each electronic device used to register and open an account with Moomoo AU, regardless of mobile or computer, is only entitled to participate once in the Promotion and obtain one set of Welcome Rewards during the Promotion Period.

• Existing clients who have already opened an account with Moomoo AU prior to the Promotion Period are not eligible to participate in the Promotion.

• Eligible New Clients who register for new accounts outside of the Promotion Period are not eligible to participate in this Promotion.

 

Reward Rules

Complete any of the following actions within the Promotion Period to receive the corresponding Welcome Rewards:

A. Cash Plus Introductory Offer

For terms and conditions, rules and more details for Cash Plus Program, please refer to： https://www.moomoo.com/au/support/topic6_566

 

B. About the Draw Chance and Gift Shares Offer

(1) How it works and How to Participate

1.Deposit AUD$100 into your Moomoo AU trading account to receive 3 chances to draw random gift shares from the prize pool

• The gift shares will be automatically allocated to your Account upon usage of draw chances, but initially in a ‘frozen’ status;

• Gift shares in a 'frozen' status are not included in the Account's portfolio market value, and cannot be sold on market;

• The allocated gift shares will remain 'frozen' until you have maintained your Daily Average Asset Value (as defined and calculated pursuant to the following section of "Calculating the Daily Average Asset Value") of AUD $100 or more during the subsequent 30 calendar day period from the date of allocation (the "Asset Maintaining Period");

• To allow for profits or losses due to market fluctuations, a drop of the Average Assets value of up to 20% below the AUD$100 threshold is permissible;

• The allocated gift shares' 'frozen' status shall only be lifted upon meeting all the above mentioned conditions and within 5 business days following the 30-day Asset Maintaining Period;

• If you fail to meet with any of the conditions as mentioned above, the gift shares will be removed from your Account within 7 calendar days following the end date of any of the Asset Maintaining Period.

 

2.Deposit AUD$2,000 into your Moomoo AU trading account to receive 7 additional chances to draw random gift shares from the prize pool (10 free chances in total）

• The gift shares will be automatically allocated to your Account upon usage of draw chances, but initially in a ‘frozen’ status;

• Gift shares in a 'frozen' status are not included in the Account's portfolio market value, and cannot be sold on market;

• The allocated gift shares will remain 'frozen' until you have maintained your Daily Average Asset Value (as defined and calculated pursuant to the following section of "Calculating the Daily Average Asset Value") of AUD$2,000 or more during the Asset Maintaining Period commencing from the date of allocation;

• To allow for profits or losses due to market fluctuations, a drop of the Average Assets value of up to 20% below the AUD$2,000 threshold is permissible;

• The allocated gift shares' 'frozen' status shall only be lifted upon meeting all the above mentioned conditions and within 5 business days following the 30-day Asset Maintaining Period;

• If you fail to meet with any of the conditions as mentioned above, the gift shares will be removed from your Account within 7 calendar days following the end date of any of the Asset Maintaining Period.

 

3.Other Additional Notes

• For gift shares rewards, spin chances are awarded automatically when the respective deposit conditions outlined above are met, and will expire in 30 calendar days from the date when they are awarded if not used (by clicking the ‘Spin’ button on the promotion page within the Moomoo App or desktop trading platform). Shares available in this Promotion upon satisfication of the above condtions are issued to the client’s Moomoo AU trading account and such shares will not expire and will remain on the client’s Moomoo AU account until sold, transferred, or removed due to failure to meet the 'unfreeze' conditions as set forth above.

• The shares allocated in this Promotion are determined via an algorithm at the time the Eligible New Client uses the spin chance. Clients will be notified on what shares they have won immediately when it is determined by the algorithm. The allocation of shares to their trading account shall take place within the next 5 business days after clients are notified.

• Clients who make deposits of an amount larger than AUD$2,000 for the first instance will be rewarded 10 free spin chances at once.

• The deposit amount requirements for the purpose of this Promotion refers not net deposits. Net deposit is calculated by deducting the total withdrawal amount during the Promotion Period from the total deposit amount during the Promotion Period. For example, if you made a deposit of $100 and claimed 3 spin chances, but then withdrew AU$50, your net deposit = AUD$100 - AUD$50 = AUD$50. If you wish to claim the additional 7 spin chances, you will need to deposit no less than AUD$1950.

 

（2）Calculating the Daily Average Asset Value

For the purpose of determining the abovementioned conditions of lifting the “frozen” gift shares, the "Daily Average Asset Value" in your Account shall be calculated on the following basis:

• The Daily Average Asset Value equals to the average of your Total Assets Values (as defined below) during the 30-day Assets Maintaining Period. The formula will be : Daily Average Asset Value=(Total Assets Value of day 1+Total Assets Value of day 2+ Total Assets Value of day 3+....+Total Assets Value of day 30)/30

• The Total Asset Value of a day equals to a combined value of the cash balance that day and market value of holdings (excluding all of the gifted shares) calculating based on the closing price of such holdings as at the end of that day's regular trading sessions.

• The 30-day Asset Maintaning Period will commence from the next calendar day following the date of allocation of the gifted share.

 

For example, if you draw your gift shares on 15 August, the Daily Average Asset Value, for purposes of this promotion, will be calculated from 15 August.

Assuming the Total Assets Values of each day of Asset Maintaining Period are as follows:

16 August: AUD$200

17 August: AUD$300

18 August: AUD$500

…

15 September：AUD$1,000

Then the Daily Average Asset Value = AUD$(200+300+500+……+1,000)/30

 

（3）Gift Shares and Probabilities

Shares included in the prize pool are: Tesla Inc. (NASDAQ: TSLA), Apple Inc. (NASDAQ: AAPL), Rivian Automotive (NASDAQ: RIVN), Lucid Group, Inc.(NASDAQ: LCID), iShare 20+ Year Treasury Bond ETF,, Sabre(NASDAQ: SABR)

 

Stock Picker	Price (USD)	Price (AUD)
TSLA	214.11	316.50
AAPL	229	338.51
RIVN	14.13	20.89
LCID	4.02	5.94
TLT	96.49	142.63
SABR	3.05	4.51

 

The above indicative market price of each gift stock is based on the closing price on 30 August 2024. The above market prices are indicative only. Prices of gift shares may fluctuate subject to market movements and, as a result, the value of the gift shares may change when they are allocated to your Account. The Promotor is not responsible or liable and shall bear no consequence for the price difference between the indicative prices and actual market prices the gift shares. The Promotor shall not give any declaration, compensation and/or assume any responsibilities, liabilities and consequences regarding the same. For the avoidance of doubt, the exchange rate of US$ is based on the RBA official AUD/USD foreign exchange rate on 30 August, 2024.

 

The probability of winning each stock is as follows: TSLA 0.001%

AAPL 0.005%

RIVN 8.994%

LCID 46%

TLT 1%

SABR 44%

 

The gift shares obtained in this Promotion will be issued randomly based on the computer system, and the final winning result is randomised and is not predictable. The Promoter provides no guarantee, promise or warranty on the category, number or value of the stock obtained in each spin chance by New Eligible Clients, and shall not bear any liability, claim or consequence regarding the winning results.

 

If all 10 spin chances are fully rewarded and redeemed, based on the closing price on 30 August, 2024, the total value of gift shares are as follows:

Minimum Value: US$30.5

Weighted Average Value (based on the above probabilities): US$54.405

Maximum Value: US$2290

 

C. Brokerage-free Card

(1) Definition of Brokerage-free Card

The Brokerage-free cards automatically reduces amount of brokerage charged by Moomoo AU on ASX and US shares transactions to zero when activated, however, such reduction is not applicable to pass-through fees (including but not limited to SEC/FINRA fees, settlement fees and ADR fees) and FX conversion costs related to US transactions.

Two types of Brokerage-free cards are offered in this Promotion, including one for ASX shares and one for US shares. Each Brokerage-free card is effective for 30 calendar days from the time when it is activated, and provides reduction of brokerage of up to AUD $2,000 (ASX Brokerage-free cards) and USD $2,000 (US Brokerage-free cards) respectively. Each Brokerage-free Card will be de-activated either at the end of the 30-day period, or when the total reduced brokerage reaches its designated amount.

The Brokerage-free Cards are applicable to all order types while activated, which includes fractional US shares orders and overnight sessions trading orders. There is no maximum number of orders or minimum transaction value restrictions.

 

(2) Eligibility of Brokerage-free Card

Effective from 00:00 AM (AEDT) on 01 October 2024, any new or existing Moomoo AU account holders will be automatically rewarded one (1) US Brokerage-free Card for reduction of US shares brokerage of up to US $2,000, and one (1) ASX Brokerage-free Card for reduction of ASX shares brokerage of up to AU$2,000, when they enter and fill their first BUY order in any exchange-traded products available on Moomoo AU.

For the purpose of this Promotion, SELL orders will NOT qualify the account holders to receive the Brokerage-free Cards. These include selling of existing holdings, transferred-in shares, and free gift shares received from other Offers under this Promotion.

 

(3) Activating a Brokerage-free Card

The Brokerage-free Cards will be issued automatically after a BUY order is filled in any market, but users need to activate it manually. They can be found and activated under "Me tab - My Rewards"

Each Brokerage-free Card is valid for 30 days from the date of manual activation. For example, if a user activates the Brokerage-free Card on 01 July 2024 at 9am AEST, the card will expire on 31 July 2024 at 9am AEST.

The Brokerage-free Card must be activated within the validity period of the card (12 months commencing from the date of issuance). The Brokerage-free Card can only be activated once, if the card is not activated after the expiry date, the Brokerage-free Card cannot be activated again;

Brokerage-free Cards for the same market cannot be "banked" or "stacked". Only one Card of the same type can be activated in the same market at a time, and the activation of a new card is not permitted while another Brokerage-free Card is already activated. If you have more than one Brokerage-free Card of the same type for the same market, then the effective period of the activated Brokerage-free Card must be lapsed before a new Card can be activated.

Existing Moomoo AU clients who are still enjoying the 180-day commission-free period from a previous promotion can activate the new Brokerage-free Card after the expiration of the 180-day commission-free period.

 

Other Terms and Conditions

1.This Promotion (the "Promotion") is available to Eligible New Clients who hold an account with Moomoo AU (collectively as "Clients") pursuant to these Terms and Conditions. It is not available, and not advertised to the general public.

2.This Promotion are provided by Moomoo Securities Australia Ltd. (hereinafter referred to as "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.

3.Investing and/or trading in securities markets carry risks and may not be suitable for all investors. Clients willing to participate in this Promotion 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.

4.Clients on each participant's personal circumstance 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 this Promotion.

5.Moomoo AU strictly prohibits any existing customer from sharing, selling or otherwise promoting their referral link(s) on public domains, including social media platforms that are open for public viewing. Existing customers are reminded that such actions are likely a violation of relevant Australian financial services laws and regulations, which may attract legal consequences. Moomoo reserves the rights to take further actions against the relevant Clients should any such activities are identified, including but not limited to:

• Termination or suspension of the Moomoo AU Accounts held by relevant Clients invited by such existing customers ;

• Removal of any allocated or unallocated promotion rewards from the Moomoo AU Accounts held by C Clients, at the expense of the account holder(s);

• Disqualify relevant Clients from participation in any future promotions or events;

• Make corresponding reports of misconducts or violation of relevant laws or regulations to regulators, including ASIC.

6.A text message or e-mail containing relevant information about the Promotion will be sent to participants. If you want to turn off notifications, you can go to "Settings - New Message Notifications - Cancel Notifications" on the moomoo App.

7.At its sole discretion, Moomoo AU reserves the right to cancel, terminate, modify or suspend this Promotion and invalidate any affected participations, or suspend or vary a reward, without any further notice or assuming any liability to any person(s).

8.You can only open one trading account with us and are required to agree 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 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.

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

10.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 of Moomoo AU.

11.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.

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

13.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 Promotion, 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.

14.Moomoo AU has the final right to interpret these terms and conditions. The data and data confirmed of this Promotion 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.

15.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.