Learn Trade Win: Split $200,000 in Cash Rewards*. The Event consists of two separate promotions:
● Positive Yield Challenge, split $100,000.
● Guess for Prize, split $100,000.
October 14, 2024 to November 16, 2024 (GMT+8). See details below.
All moomoo users
The Positive Yield Challenge is a paper trading competition. Participants can enter the Positive Yield Challenge by registering for the Event and joining the Positive Yield Challenge. Participants whose weekly P/L is positive, can share $20,000 in Stock Cash Rewards each week, with a total of $100,000 available over five weeks.
Each of the following is Region is eligible for this challenge: United States of America, Hong Kong, Singapore, Malaysia, Australia, Canada and Japan.
Every Monday, Participants can check this event page to see if they have received the prize pool rewards from the previous week. Rewards will be distributed to the winners' securities accounts within 3 working days and can be viewed in the Moomoo app under "My Vouchers"; Each Winner's share = US$20,000 / number of qualified users.
● TOP 1 : $1,000 in Stock Cash Rewards + US$100 US stocks commission-free card (Valid for 1 Year).
Stock Cash Rewards will be split into 10 Stock Cash Rewards valued at US$100 each.
● TOP 2 : $500 in Stock Cash Rewards + US$100 US stocks commission-free card (Valid for 1 Year).
Stock Cash Rewards will be split into 5 Stock Cash Rewards valued at US$100 each.
● TOP 3 : $200 in Stock Cash Rewards+ US$100 US stocks commission-free card (Valid for 1 Year).
Stock Cash Rewards will be split into 2 Stock Cash Rewards valued at US$100 each.
● TOP 1 : The top-ranked Participant globally is eligible for $10,000 in Stock Cash Rewards(10 $1,000).
Will be split into 10 Stock Cash Rewards valued at US$1000 each.
● TOP 2 : The Participant ranked second globally is eligible for $3,000 in Stock Cash Rewards (3* $1,000).
Will be split into 3 Stock Cash Rewards valued at US$1000 each.
● TOP 3 : The Participants ranked third in globally is eligible $1,000 in Stock Cash Rewards(1 *$1000).
1 Stock Cash Reward valued at US$1000.
● Times Square, Nasdaq Tower video.
Opportunity to be featured in a video to be broadcasted at Nasdaq Tower in Times Square. To be featured, you must sign a publicity release agreement.
Regional and Global Winners will be announced at the end of the Event on November 20, 00:00 GMT+8. The announcement of the results of the Event will be considered final.
Eligible Participants must return to this event page between November 20, 00:00, and December 04, 23:59:59（GMT+8）to claim their rewards. Failure to claim the rewards during this period will be considered a forfeiture.
If the global top 3 participants voluntarily forfeit their opportunity to be featured on the Nasdaq Tower screen we will defer the opportunity to the next participants global ranking order. Please note that this special circumstances only pertains to the reward to be featured on the Nasdaq Tower screen, and other rewards (such as Stock Cash Rewards) will still be issued to the global top 3 participants as usual.
① On the main event page, click on the Positive Yield Challenge section to enter the Positive Yield Challenge page;
② Click the " Register now" button to register and create a paper trading competition account (with $100,000 in virtual funds).
③ Click the " Start now" button to go to the paper trading page, where you can check asset status and place simulated orders.
④ During the competition, you can go back to the "Positive Yield Challenge" page to view the schedule and ranking based on earnings.
*Weekly Return Rate: (Net Asset Value after Friday's closing bell this week / Net Asset Value after Friday's closing bell last week - 1) * 100%
*Total Return Rate: (Net Asset Value after the end of the competition / Initial Net Asset Value of the competition account - 1) * 100%
US stocks and ETFs only.
Monday to Friday 9:30 AM to 4:00 PM (Eastern Time).
Short selling is supported with an initial margin requirement of 100% and a maintenance margin requirement of 50%.
The interest on short selling is calculated at an annual rate of 6% and is charged daily after market close.
● To maintain the professionalism and fairness of the competition, trading of stocks priced below $1 is prohibited.
● The maximum number of orders per day is 200 (excluding cancellations and modifications).
● The maximum number of positions held is 100.
● The maximum single-stock position limit is 40% of total assets. If the limit exceeds 40% due to stock price fluctuations and exercises, it is not affected by this rule.
● The competition supports only dividends, stock splits, and mergers; other types of corporate actions are not supported.
● If a listed company is delisted for any reason, participants cannot engage in simulated trading of that stock on subsequent competition days. The system will deposit virtual funds into the participant's competition account based on the stock's last closing price on the second working day.
● Due to upstream dependencies in corporate actions, there may be delays in data sources. If this affects user rankings, the simulated trading system will make every effort to rectify the issue to ensure fair competition.
The matching of simulated trading orders takes into account the actual trade's tick-by-tick volume. Even if the order price is suitable, it will not be executed if there is no tick-by-tick volume. If the tick-by-tick volume of the actual trade is less than the order quantity, a partial execution will occur, matching only the volume of the actual trade, while the remaining order remains in the matching queue awaiting execution.
If Participants have the same rate of return, they will be ranked in the leaderboard based on the order of their registration for the competition.
● Commission and platform usage fee: 0
● Settlement fee: $0.003 per share
● SEC compliance fee: Trading amount * $0.0000278, with a minimum of $0.01 per transaction (applies to sales only)
● Trading activity fee: $0.000166 * number of shares sold, with a minimum of $0.01 and. a maximum of $8.30 per transaction (applies to sales only)
On the main event page, click on the guessing event section to go to the guessing event page.
Three guessing questions are set daily, and Participants can select the corresponding answer buttons to make guesses.
Daily guessing period: 14 October - 2 November Day T 5:00 AM - Day T+1 2:00 AM ; 3 November - 15 November Day T 5:00 AM - Day T+1 3:00 AM（GMT+8). Users can modify answers before this time; modifications are not allowed after this time.
Guessing results will be announced at 16:00 on Day T+1 (GMT+8).
Participants will be awarded 10 Guessing Points and 10 moomoo Points for each correct guess. To qualify for a Get a Slice of $100,000 competition, Participants must have 500 Guessing Points.
By participating in the Guess for Prizes, Participants unlock the "New challenger" avatar.
Participants who collect 100 Guessing Points will unlock the "Master of Guesses" avatar.
Participants who collect 500 Guessing Points, unlock the "Prophetic guesser" avatar and qualify for sharing $100,000 in Stock Cash Rewards.
Throughout this Event, Participants can earn Coins by completing certain tasks. Participants can collect Coins to unlock props that can help them during the Event.
To earn Coins, go to the "Earn Coins" page, and click the "Complete Tasks" button to open a task popup window. After completing the tasks shown in the popup window, Participants can earn the corresponding Coins. Completing more tasks can earn more Coins, and the specific tasks and rewards are subject to the task list. Each task rewards Participants with a different number of Coins based on its difficulty.
When Participants click the "Exchange Props" button, they will exchange their Coins to obtain props. After receiving a prompt of successful exchange, users can click "Use Now" to consume the prop, or view and use the owned props in "My Props". Props are available in both the Positive Yield Challenge and the Guess for Prize.
● Positive Yield Challenge :
Defense Card: The Defense Card requires 5 Coins. The Defense Card allows Participants to hide their position information to prevent other Participants from viewing it. The card is valid for 24 hours after use.
Reset Card: The Asset Reset Card requires 5 Coins. The Asset Reset Card Users allows Participants to reset their account funds for this competition to the initial amount, which is $100,000 in virtual funds.
● Guess for Prize Props
Direct entry card: The Past Pass Card requires 50 Coins. This card awards Participants 500 Guessing Points. With this card, Participants can qualify immediately for a share of the $100,000 prize.
+50 Guessing points Card: This card requires 5 Coins and awards 50 points to Participants.
● Participants who collect 500 Guessing Points can share in the $100,000 prize.
● After the event ends, the organizers will review the final qualifying users for sharing the prize. Based on the final confirmed number of qualifying users, the amount each user can receive from the prize pool will be calculated as follows: Each person's share = US$100,000 / number of qualified users;
● Rewards will be distributed after the event ends. Qualified users must return to this event page between 00:00 on November 20th and 23:59:59 on December 04th（GMT+8) to claim their rewards. Failure to do so within this period will be considered a forfeiture of the reward.
8.1 You must have a brokerage account opened through Moomoo to receive Stock Cash Rewards.
8.2 You can use the Stock Cash Rewards when buying US stocks, Hong Kong stocks , Malaysian stocks, Singapore stocks and A shares (common stocks or ETFs) (The Stock Cash Rewards will be split into three denominations："X"*, 100, and 1000. When using them, the corresponding purchase order amount must be equal to or greater than 10, 100, and 1000 US dollars or equivalent in Malaysian ringgit, respectively.), and after using it, you will receive an amount equal to the value of the Stock Cash Rewards. The amount will be credited to the relevant securities account within 3 trading days after the order is completed.
*"X" = The face value of the Stock Cash Rewards obtained by sharing the prize in Positive Yield Challenge or Guess for Prizes.
8.3 Stock Cash Rewards have expiration date. In Positive Yield Challenge and Guess for Prizes, Stock Cash Rewards obtained through sharing have a validity period of 30 days from the date of receipt; for other Stock Cash Rewards obtained from Positive Yield Challenge as Top prizes, the validity period is 180 days from the date of receipt.
8.4 During the validity period, the Stock Cash Rewards will automatically match the first qualifying trading order (only for opening buy orders), with conditions including order amount, trading category, applicable market, etc. Cashback will be received upon completion of a qualifying trade order within the Stock Cash Rewards's validity period.
8.5 Only one Cash Reward can be used per order, and commission voucher stacking is supported during trading.
1. Applicable to US dollar-denominated stocks and funds (ETFs) in the US stock market. The discount is applied by deduction, and the purchase order amount must be ≥ US$10. The maximum commission-free limit per transaction is the face value amount of the card, with a total commission-free limit equal to the face value amount of the card.
2. The commission card applies to the commissions you incur while trading securities with moomoo, providing you with discounts in a rebate manner.
3. The commission card is valid for 1 year and has no restrictions on the number of uses during the validity period until the card balance is used up.
4. After successfully using the commission card, the system will calculate the discount amount based on the commissions generated during your trades and will send the discount amount to your securities account within 3 trading days after the transaction is completed.
During the event, users can visit the Investing Bootcamp page and receive one Nasdaq Totalview quote card for free. The card is valid for 31 days from the date of issuance.
Points have no cash value. Points can be used to redeem equivalent goods/coupons in the Points Mall, and rewards will be issued within 24 hours after the round ends. Point reward records can be checked in the app under "My Rewards."
Upon entering this event page, users can click on "Let's get started" to receive the exclusive "Anniversary event avatar frame". The avatar frame is valid until
November 17, 2024, 23:59:59（GMT+8）.
After obtaining the avatar frame, you can go to the "Achievements Page" to wear or remove it.
On October 29th, users who enter the event page will receive extra bonus: the Anniversary Badge and Coins (The specific bonus to be obtained are subject to what is displayed in the pop-up on the product page)." The Anniversary Badge" can be viewed and applied in the APP-"My Badges." For information on how to use "Coins," please refer to sections 6.2.
By participating in this activity as described above, you are deemed to have agreed to the following terms and conditions of Moomoo (the "Organizer"):
A. The Positive Yield Challenge account is purely a virtual trading account and can only be used for simulating trading challenges with US stocks and US stock ETFs.
B. The cash or other assets displayed in the Positive Yield Challenge account have no actual value and cannot be withdrawn or exchanged.
C. The content and design of the Positive Yield Challenge account are assets of the Organizer, participants are not allowed to alter, modify, adapt, imitate, or otherwise change any part in any way.
D. Participants acknowledge and agree that the Organizer may display or use their user nicknames, avatars, Moomoo App accounts, total returns, holdings, and trading information, as such information relates to the paper trading competition.
E. All transactions conducted through the Positive Yield Challenge account are virtual in nature. Instructions entered by participants will not be transmitted to any exchange for execution (including but not limited to the New York Stock Exchange, Nasdaq Stock Market, American Stock Exchange), nor will they constitute any settlement or payment obligations for participants or the company. Securities trading services provided by the company and any rights and obligations related to such services do not apply to virtual trading within the challenge account.
F. Some information displayed in the Positive Yield Challenge account (including security quotes) is provided by third parties. The bank makes no representations, warranties, or commitments regarding the accuracy or completeness of such information and shall not be liable for any losses or damages incurred by any person directly or indirectly using such information.
G. The organizer has the final decision-making power on the calculation of the holding profit challenge account, the list of winners for each prize, and their prizes. Participants may not object to the organizer's decision;
H. If the organizer believes that a participant has engaged in any cheating behavior, the organizer has the right to cancel the results. If any cheating behavior is found among the global and regional top 3 participants, their eligibility for the prizes will be revoked, and the prizes will be offered to the next participant identified in the global ranking. If cheating behavior causes losses to the organizer, the organizer reserves the right to pursue legal action;
I. At the end of the campaign, users with positive yield challenging the TOP 3 global cumulative returns are required to cooperate with the organizer's promotional activities, including being interviewed by Moomoo, recording the winning video and delivering a winning speech. Users are required to sign an authorization form agreeing that Moomoo will use the relevant materials for brand promotion within the period of time.
J. The organizer shall not be responsible for any errors, omissions, interruptions, deletions, defects, delays in transmission over communication lines, or any problems or technical malfunctions arising from telephone networks, computer online systems, servers or providers, computer equipment, software, or any technical issues or communication congestion resulting in failure to receive any emails or communications;
K. The organizer is not responsible for any damage or loss caused to participants or any other person's computer due to any form of human or non-human errors, including participation in the contest, instruction input and submission, or notification related to the contest, including damage or loss caused by computer viruses or harmful programs;
L. Some prizes for this activity are provided by third-party merchants (including items redeemed in the mall using points). Once the prize is collected, it cannot be returned or exchanged. The use of prizes is subject to the merchant's relevant terms. The winner shall bear all applicable taxes, fees, additional charges, and/or foreign tariffs (if any). In case of any issues with the prize, please contact the relevant merchant directly. The organizer assumes no legal responsibility;
M. Activity rewards are strictly distributed according to the rules. Participants cannot apply for rewards through special means if they do not meet the qualifications for the activity. The organizer reserves the final decision-making power on the distribution and changes of any rewards;
N. If the prizes for this activity are provided by the organizer, their use is subject to the terms and conditions issued by the organizer for the respective prizes;
O. Before redeeming the Stock Cash Rewards distributed in the redemption activities, winners must open a corresponding universal account with Moomoo in the relevant market to receive the corresponding rewards;
P. There are expiration dates for receiving and using activity rewards. Failure to claim or use rewards within the specified period will result in the rewards being forfeited, and the winner is considered to have automatically waived their eligibility;
Q. The organizer reserves the right to modify or cancel the activity process, rules, awards, explanations, etc., based on actual circumstances and will notify participants as early as possible. The interpretation of the rules of this activity belongs to the organizer, who has the right to modify rules, processes, etc., including but not limited to the rules and processes of the activity, in response to loopholes in the activity;
R. If the activity is not running normally for any reason, such as interruptions or early termination, the organizer has the right to make corresponding adjustments and handle trading operations during abnormal periods. Participants cannot object to the decisions made by the organizer;
S. The organizer may freely quote the achievements and personal information of participants in any promotions or advertisements related to the activity, including but not limited to name, portrait, or voice (except where prohibited by law), without the approval of the participant being quoted;
T. The confirmation of information and data for this activity is based on the organizer's backend confirmation, and the organizer reserves the final interpretation right;
U. This promotion does not constitute an offer, solicitation, advice, opinion, or any guarantee of securities, financial products, or tools.
V. The organizer reserves the final decision-making power on any disputes related to this activity;
W. All amounts in the rules for this promotion are in U.S. dollars.
X. Each user is limited to using one account, one mobile phone number, and one device to participate in promotions. Abnormal behavior (including but not limited to using mobile phone device emulators and artificially modifying mobile phone device numbers) may automatically disqualify or suspend users’ eligibility for participating in the promotion.
Y. This offer is limited to one reward per new account, with no more than one account enrolled per person.
Z. Neither receipt of a share of stock through this program nor identification of a particular security in communications related to this promotion constitutes a solicitation of the security or a recommendation to buy, sell, or hold the security.
AA. If you have any questions, please contact us via “Me” ‒ “Customer Service” in moomoo APP.