Moomoo Financial Canada Inc. is a member of CIPF, which protects securities clients of its members up to $1 million each one general account.
Disclosures
Disclosures
Customers’ accounts are protected by the CIPF’s Investment Dealer Fund in accordance with its Coverage Policy. A brochure describing the scope and nature of coverage, as well as the limitations and exclusions of coverage, is available at www.cipf.ca.
Cash Plus is a program that generates rebates from your idle cash. Provided by Moomoo Canada, it is currently available only for margin and cash accounts. When you have uninvested cash in your securities account, it will be automatically invested in the program to generate rebates regularly. Joining the program will not reduce your buying power or affect your trading of securities.
How to join the Cash Plus program?
To join the Cash Plus program, follow these steps:
Step 1: Go to the Accounts tab.
Step 2: Tap on any of your margin or cash accounts.
Step 3: 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.
How to receive interest payments?
The rebates in the Cash Plus program accrue daily and are paid weekly. They will be deposited into your securities account each Monday, even on non-trading days.
Your total Cash Plus balance is calculated by adding up your CAD cash and USD cash after converting 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 from the previous trading day.