moomoo CA Help Center-Cash Plus
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Help Center Cash Plus Cash Plus

Cash Plus

  1. Cash Plus

Cash Plus is a program provided by Moomoo Canada that generates cash rebates from your idle cash.When you have idle cash in your securities account, it will be automatically invested in the program to generate rebates.
 
In order to join Cash Plus, you must have a cash or margin account.After you join Cash Plus, all of your accounts (cash, margin, RRSP and TFSA) cash balance will be calculated into a total cash balance and 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.
 

  1. Join and exit the program

  1. Join the program

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.

  1. Exit the program

You can exit the Cash Plus program at any time by entering the details page of Cash Plus.

 

  1. Balance calculation

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.

 

  1. Rebate APY

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.

 

  1. Rebate arrival

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.

 

  1. Buying power

Joining the Cash Plus program will not reduce your buying power for securities trading.