Cash Plus is a program that generates rebates from your idle cash. It is provided by Moomoo Canada and is currently only available for margin and cash accounts. By joining the program, you can receive rebates from your idle cash at a fixed time. Besides, joining the Cash Plus program will not reduce your buying power, nor will it have any impact on your trading of securities. When you have a negative balance in your securities account, Cash Plus will be automatically redeemed to cover the negative balance. When you have idle cash in your securities account, it will be automatically invested in the program to generate rebates.
To join the Cash Plus program in the moomoo mobile app, please:
Go to the Accounts tab
Tap any of your margin or cash account
Tap the icon on the right of the Cash label
Note: Your cash balance and rebates are updated daily at 5:00 PM. To check your balance in the Cash Plus program, please refer to the settled cash shown in your statement.
You can exit the Cash Plus program at any time by entering the details page of Cash Plus.
Your total Cash Plus balance is calculated by adding up your CAD cash and USD cash after converting the USD to CAD at a fixed exchange rate. It is updated daily at 5:00 PM and equals the settled cash shown in your daily statement of the previous trading day.
For existing clients, the part exceeding 10,000 CAD can enjoy a 2.0% rebate p.a.
For new clients, please refer to the event rules for details.
All rebates are in CAD and will be distributed on a weekly basis. They will arrive in your securities account each Monday (including non-trading days). To check details, please go to Funds Details.
Joining the Cash Plus program will not reduce your buying power for securities trading.