moomoo CA Help Center-Stock Paper Trading Rules
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Help Center Paper Trading Stock Paper Trading Rules

Stock Paper Trading Rules

  1. Paper trading supports two markets: the US stock market, and the Canada stock market. By tapping the "Get Now" button, you can open a virtual account for each market and will have initial assets of 1 million USD, and 1 million CAD in each account, respectively.
 
  1. The product types you can paper trade are limited to stocks for the US stock market, the Canada stock market.
 
  1. Trading hours: US stock market: 9:30 AM-4:00 PM (Eastern Time); Canada stock market: 9:30 AM-4:00 PM (Eastern Time).
 
  1. Paper trading supports dividends and bonus shares, but is not available for IPO shares subscription, rights issue, or placement.
 
  1. 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.
 
  1. 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.
 
  1. 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.
 
  1. The fees charged for paper trading may differ from actual trading in live accounts. For actual investments, please refer to the fee structure of the broker dealer which service your jurisdiction.

 

● 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);

 

● Canadian market

Commission: 0.0049 CAD/share, minimum 0.49 CAD/order;

*Paper trading accounts are set by default with a simulation of the Canadian broker dealer pricing structure.

Platform Fee: 0.01 CAD/share, minimum 1 CAD/order; or maximum transaction amount * 0.5%;

*To protect investors' interests, we have capped the platform fee we charge at 0.5% of the transaction amount. Minimum commission and platform fee are also applied at 0.49 CAD and 1 CAD per order, respectively. If the calculated maximum platform fee per order is lower than the minimum charge per order, the maximum platform fee of 0.5% of the transaction amount will be assessed.

 

  1. If you bought a CBBC and it is called because its call price is reached, then its residual value will be set to zero. The same is applicable if a warrant expires.
 
  1. The margin requirements for short positions in US stocks during paper trading are set at an initial margin rate of 100% and a maintenance margin rate of 60%. These margin requirements may differ from those applicable to actual trading. Please refer to the fee schedule for the specific margin amounts required in actual trading.
 
  1. Commissions and 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.