1. Users may register for and participate in the competition at any time during the registration & competition period.
2. Registration starts from 06/09/2023 12:00 (MYT)
3. Competition period: 11/09/2023 12:00 (MYT) – 21/10/2023 09:00 (MYT)
The competition is only available for all Malaysia users. Only 1 moomoo account can be used to participate in the competition.
1. Registration
Malaysia users can access the landing page and tap "Join Now" to register for the competition;
2. Paper trading
A competition account will be opened after successful registration. Participants can find their own competition account and paper trade via "moomoo app" > "Discover" > "Paper Trade".
1. This competition is for US stock paper trading only. After successful registration, participants will open a competition account for the US stock paper trading market with initial assets of US$100,000 each. Participants will be ranked according to their total profit and loss % (P/L %).
2. The paper trading product for this competition is limited to US stocks and ETFs only. Other types of investment products are not tradable.
3. US stock paper market trading hours: 21:30 to 4:00 the next day (MYT including daylight saving time), 22:30 to 5:00 the next day (MYT during winter time).
4. The competition supports dividends and bonus issues, but not new IPO subscriptions, rights shares or additional issuance. (The dividends and bonus issues are virtual）
5. To ensure the professionalism of the competition, the competition will restrict trading stocks below US$5. You may sell stocks when it fall below US$5 but you may not buy them.
6. To ensure the fairness and reasonableness of the competition, the maximum number of orders per trading day is 100 (including cancellations and order changes). In order to avoid asset spikes caused by heavy holdings in a single volatile stock, the position limit for a single stock (at the time of purchase) is 40% of total assets (current account value). However, this rule does not apply to situations where the maximum position in a single stock exceeds 40% due to stock price movements.
7. The quotes of the paper trading system are not exactly the same as the real stock market. Data of the competition is based on the paper trading system.
8. If a listed company is delisted for any reason and the participant's account holds a virtual stock of that company, the participant will not be able to paper trade that stock on the subsequent competition day, and the system will credit the virtual funds to the participant's account on the second working day at the last closing price of that stock.
9. If any participant obtains revenue through deceptive means or loopholes, he/she will be disqualified from this competition
10. Each user can only participate in the competition with one account. If any participant is found to have used any means to operate on multiple accounts, he/she will be disqualified from this competition
11. The paper trading system of this competition is offered by Moomoo Technologies Inc. The commission is based the pricing below for competition purpose.
1) US Stock Market
Commission: US$0.0049 per share (minimum US$0.99 per order)
Platform Fee: US$0.005 per share (minimum US$1 per order)
Settlement Fee: transaction shares * US$0.003
SEC Fee: transaction amount * US$0.0000221 (minimum US$0.01 per order)
Trading Activity Fee: transaction amount * US$0.000119 (minimum US$0.01 and maximum US$5.95)
Tasks:
1) "Join competition will receive 50 moomoo points": The task is considered to be completed when the system indicates that you have successfully registered for the competition.
2）"Perform 1st paper trade will receive 50 moomoo points": The task is considered to be completed when the system indicates that you have successfully performed your 1st paper trade order.
3) "Perform 1 paper trade a day will receive 20 moomoo points daily": The task is considered to be completed if you make more than 1 successful paper trade transaction per trading day.
4) "Complete paper trades for 7 days in total will receive 500 moomoo points": The task is considered to be completed after 7 days of successful paper trading during the entire competition period.
5) "Weekly ranking top 5 will receive the following moomoo points":
1st place: 5,000 points
2nd place: 4,000 points
3rd place: 3,000 points
4th place: 2,000 points
5th place: 1,000 points
Calculated from the start time of the competition, Weekly Profit and Loss (in %) = (NAV at the End of the Week ⎯ NAV at the End of the Previous Week) / NAV at the End of the Previous Week.
Weekly Top 5 results will be determined after close of US stock market on
- 16/09/2023 04:00 MYT
- 23/09/2023 04:00 MYT
- 30/09/2023 04:00 MYT
- 7/10/2023 04:00 MYT
- 14/10/2023 04:00 MYT
A participant can only win this weekly top 5 ranking once during the entire competition period. If the same person has ranked in top 5 in the previous week(s), the next ranked person will be awarded the points. However, the same person who has previously won the reward points can win the final competition prizes.
By participating in the campaign, you consent to the Company displaying your name, moomoo ID and profile picture (if any) on the weekly leaderboard if you emerge as the Top 5.
1. Current Day's P/L% (Tn) = (Current Day's Ending NAV ⎯ Previous Day's Ending NAV) / Previous Day's Ending NAV
2. Based on the above formula, the weekly P/L% is calculated as follows:
Weekly P/L% = (NAV at the End of the Week ⎯ NAV at the End of the Previous Week) / NAV at the End of the Previous Week
Total P/L% = (NAV at the End of the competition ⎯ NAV at the Start of the competition) / NAV at the Start of the competition
NAV: Net asset value
P/L: Profit and Loss
(1) moomoo Points
Join competition: 50 points
Perform 1st paper trade: 50 points
Complete daily paper trade order: 20 points/day
Complete paper trades for 7 days in total: 500 points
Weekly ranking:
1st place: 5,000 points
2nd place: 4,000 points
3rd place: 3,000 points
4th place: 2,000 points
5th place: 1,000 points
Prizes will be distributed based on the final leaderboard ranking after competition ends on 21/10/2023 09:00 (MYT).
(2) Competition Prizes
1st Prize: iPhone 15 Pro Max 256GB
2nd Prize: Dyson V12 Detect™ Slim Absolute Vacuum
3rd Prize: Touch 'n' Go RM1,000 Reload Pin
4th to 20th: RM100 Grab Voucher.
21st to 50th: RM50 Grab Voucher.
(1) moomoo Points with the exception of weekly ranking: issued immediately after task completion and expected to arrive within 10 minutes in "Me > My Rewards"
(2) Weekly Ranking Top 5:
Winners will be announced in Moo Community within 3 working days after the end of the previous week. Points will be sent to winner within 5 working days after announcement of winners.
(3) Physical Prizes:
- iPhone 15 Pro Max will only be delivered after the phone is launched in Malaysia and we will be in touch with winner to confirm on delivery timings.
- Dyson V12 Detect™ Slim Absolute Vacuum. We will be in touch with the winner to confirm address and delivery will be made within 30 working days from date of notification. Should the item not be available, we will replace with another item of similar value.
(4) Touch 'n' Go RM1,000 reload pin & RM50, RM100 Grab Vouchers
e-vouchers will be sent to users in-app within 15 working days after competition ends.
p.s. The delivery address for iPhone 15 Pro Max and Dyson V12 Detect™ Slim Absolute Vacuum must be in Malaysia.
1. Moomoo ('The Organizer') reserves the right to cancel the results if the participant engages in any cheating behavior. We reserve the right of final interpretation for the event.
2. If the operation of the competition is in an abnormal state due to various reasons, the organizer reserves the right to deal with it accordingly and to dispose of the buying and selling operations during the abnormal period.
3. If you have any questions about this competition, you are welcome to consult moomoo's online customer service via "moomoo app" > "Me" > "Customer Service" > "Online Inquiry".
4. Moomoo reserves all rights to terminate the campaign/promotion or change terms and conditions, offers, rewards without prior notice. In the event of dispute, moomoo reseves the right of final decision
5. In the event of any inconsistency between these Terms and Conditions and any advertising, promotional, publicity and other materials relating to or in connection with this campaign/promotion, these Terms and Conditions shall prevail.
6. Moomoo shall not be responsible for any injury, loss or damage suffered as a result of, or in connection with the campaign/promotion and/or redemption or use of the prize howsoever arising, including but not limited to, fulfilment of the prize(s), any breakdown or malfunction in any computer system or equipment, any notice which is misdirected and/or lost in the post, loss of income, profits or goodwill, direct or indirect, incidental, consequential, exemplary, punitive or special damages of any party including third parties howsoever arising whether in contract, tort, negligence or otherwise. For the avoidance of doubt, cancellation, termination or suspension by moomoo of this Contest shall not entitle any party to any claim or compensation against moomoo for any and all losses or damage suffered or incurred as a direct or indirect result of the act of cancellation, termination or suspension.
7. Any trademarks, graphic symbols, logos or intellectual property contained in any materials used in connection with this campaign/promotion, in particular those relating to the campaign/promotion prizes, are the property of their respective owners. Moomoo is not providing any financial advice, endorsements or sponsorships to their products or services.
8. No content herein shall be considered an offer, solicitation or recommendation for the purchase or sale of capital market products.
9. This competition portal does not offer, solicit or arrange for the sale or purchase of securities. The competition portal and the competition are part of a stock market investment simulation only. No actual money is credited to any account, no actual securities are purchased, sold, or traded as part of the competition. All information is provided for entertainment and educational purposes only.