Stand up for Australia, face moomoo users across the world in our global challenge

National pride is one thing, there's also a total of US$200,000 in the prize pool for entrants to compete over.

Yesterday, moomoo launched its first global paper-trading competition. Users of the platform across Australia, Malaysia, Hong Kong, the United States, Japan, Singapore and Canada are facing off over five weeks to come out on top.

It's paper trading, so you don't put up any of your own money, and you can invest across US stocks and exchange-traded funds as you plot your way to a winning strategy.

Prizes will be awarded every week. To help you, you can access professional-level tools and real-time data on the platform, including Nasdaq TotalView.® We are labelling this challenge 'Learn Trade Win', cause not only is this a great opportunity to earn some good money, but to upskill your trading game. Particularly good if you're interested in the US market, which the moomoo platform offers great access to.

Challengers with a positive weekly profit/loss can share in US$20,000 in cash rewards each week, with a total of US$100,000 up for grabs over five weeks. There’s additional cash prizes for the top three overall traders in each region. And there's another US$100,000 prize pool for the guessing games running alongside the paper-trading competition.

The person with the highest return globally at the end of the challenge will take home US$10,000, with US$3000 going to the runner-up and US$1000 for third place. On top of that they'll feature in a video broadcast on the Nasdaq Tower in New York City’s Times Square.

The best way to enter is on the moomoo app where you'll see banners for the competition you can click on to register.

So get going. Australia needs you. We are only into day two of the competition and the local leader is only up 7.6% on the investments they started with yesterday, while the global leader is up 28.5%. We can do better!