Moomoo's Inaugural Global Paper Trading Challenge Concludes with Over 150,000 Participants and Incredible Performance

Leading global investment and trading platform moomoo proudly announced the successful conclusion of its inaugural Global Paper Trading Challenge ("the Challenge"), powered by Nasdaq's TotalView® data. On December 5th, moomoo showcased the global top winners on the Nasdaq Tower billboard in the heart of New York's Times Square to celebrate their outstanding achievements.

"The paper trading challenge is really helpful for traders, especially newbies like me," shared Alarash Furqan Bin Al-Qabir Peter from Malaysia, the top global winner of the Challenge. "I would say moomoo is the best trading platform because it is more than just a trading app; it is like social media for traders with a comments section and trusted, up-to-date news. Thank you moomoo for making our trading day easy."

We would like to congratulates all participants for completing a challenge on their investment journey! Post-competition data shows that participants achieved impressive results, and we can't wait to share with all mooers:

- The challenge amassed over 150,000 participation from seven different global regions.

- More than 50 globally renowned investment experts and influencers joined the competition to cheer on the participants.

- 53% of challengers achieved cumulative positive returns.

- The average cumulative return among the top 100 global challengers was as high as 240%.

- The top three global winners achieved return rates of 557%, 519%, and 479%, respectively.

- The top three global winners will receive $10,000, $3,000, and $1,000 in Cash Rewards.

- The regional top challengers will receive additional rewards from Futu and Moomoo's regional teams.

- During the competition, moomoo distributed five rounds of Cash Rewards totaling $100,000 to participants who achieved positive weekly returns.

- A total of 61,155 challengers earn at least one weekly slice of the $100,000 with moomoo

A survey among participants of this paper trading challenge revealed that 80% of those surveyed believe the competition enhanced their trading skills, with 10% noting significant improvement. Additionally, 20% of surveyed participants reported increased investment confidence after completing the challenge.

As the organizer, moomoo has seen many comments from participants hoping for more paper trading competitions, and some suggest adding more asset categories beyond U.S. stocks and ETFs. We plan to promote more paper trading competitions globally and in various markets in the future. These suggestions will help us refine our paper trading competitions, and we sincerely look forward to meeting with you again soon!