MY Stocks Paper Trading Competition - Aug to Sep 2024

Competition Schedule

1. Users may register and participate in the competition at any time during the registration and competition period.

2. Competition Period: 12/08/2024, 9:00 AM (MYT) – 20/09/2024, 6:00PM (MYT)

 

Eligibility

The competition is only available for Malaysian new users who haven't trade. Only 1 moomoo ID can be used to participate in the competition.

 

How to Join Competition

1. Registration

Malaysian users may access the landing page and click "Join Now" to register for the competition.

2. Paper Trade

A competition account will be opened upon successful registration. Participants can access their competition account by navigating to "Discover" > "Paper Trade" within the app, and then proceed with paper trading.

 

Paper Trade Tasks

1. "Register for the competition": When the system prompts you that you have successfully registered for the competition, the task is deemed to be completed and you will receive a 50 points reward.

2. "Complete the first paper trade transaction": When the system shows that you have successfully executed your first paper trade transaction order, the task is deemed to be completed and you will receive 100 points reward.

3. "Complete one paper trade transaction every day": If you complete one or more paper trade transactions every trading day, it will be deemed as completing the task and you will be rewarded with 30 points.

4. "Complete one paper trade transaction daily (accumulated over 7 days)": Throughout the competition period, if you complete one paper trade transaction each day for a total of 7 days, the task will be deemed completed and you will be rewarded 500 points.

 

Competition Rewards

The competition lasts for a total of 6 weeks, and rewards will be issued based on the user’s weekly profit rate.

1. Weekly return rate is higher than 10%: A total of RM80 worth of stock cash coupons can be obtained, including one RM5 stock cash coupon, one RM25 stock cash coupon, and one RM50 stock cash coupon.

2. Weekly return rate is higher than 5%: A total of RM30 worth of stock cash coupons can be obtained, including one RM5 stock cash coupon, one RM25 stock cash coupon.

3. Weekly return rate is higher than 3%: you can get one RM5 stock cash coupon.

4. Weekly return rate is less than -10%: a total of 100 points will be awarded.

5. Weekly return rate is less than -15%: a total of 300 points will be awarded.

6. Weekly return rate is less than -20%: a total of 800 points will be awarded.

PS: The stock cash coupon is capped for the top 200 users based on the weekly return rate. If a user's weekly ranking falls below 200, they will not be eligible to receive stock cash coupon rewards.

 

Reward Description

1. moomoo points: issued immediately after the task is completed, and are expected to arrive in "Me > My Rewards" within 10 minutes.

2. Stock cash coupons: The system will record the current week's return rate after the market closes on Friday afternoon, and issue stock cash coupons to "Me > My Rewards" within 5 days. Stock cash coupons will be valid for use within 15 days after the user collects them.

 

Calculation Formula

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

 

Confirmation Time for Weekly Return Rate

16/08/2024, 5:00 PM

23/08/2024, 5:00 PM

30/08/2024, 5:00 PM

06/09/2024, 5:00 PM

13/09/2024, 5:00 PM

20/09/2024, 5:00 PM

 

Rules

1. This Paper Trading Competition is limited to stock trading in Malaysia. Upon successful registration, participants will have a Malaysian stock Paper Trading account with an initial capital of RM100,000. Participants will be ranked based on their total profit and loss percentage (P/L %).

2. The paper trading product for this competition is limited to Malaysian stocks and ETFs only. Other types of investment products will not qualify.

3. Trading hours for the Malaysian stock paper trading market: 9:00AM-12:30PM (MYT), 2:30PM-5:00PM (MYT).

4. To ensure professionalism during the competition, there will be a minimum trading price limit of RM0.50. When a stock price falls below RM0.50, you may sell stocks but will not be able to buy.

5. Short selling and margin trading are not available in this competition.

6. This competition supports intraday trading and dividends, but does not support IPO subscriptions, rights issues, bonus issues, or additional issuances.

7. To ensure fair competition, the maximum number of orders per trading day is limited to 50. To prevent excessive fluctuations in assets caused by heavy positions in individual stocks, the maximum position for a single stock is set at 40% of the total assets. However, this rule does not apply if the price movement of a single stock causes the maximum position to exceed 40%.

8. 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.

9. If a listed company is delisted for any reason and the participant's account holds a virtual stock of that company, the participant will be unable to trade the stock in subsequent competition days. The system will credit the virtual funds to the participant's account on the second working day based on the last closing price of that stock.

10. If any participant obtains revenue through deceptive means or loopholes, he/she will be disqualified from this competition.

11. 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.

12. The paper trading system of this competition is offered by Moomoo Technologies Inc. The commission is based the pricing below for competition purpose.

 

Fees for Malaysian Stock Market (Paper Trading Fees)

Commission: Transaction amount * 0.1%, minimum RM8 / order

Settlement Fee: Transaction amount * 0.03%

Service Tax: Commission * 6%

Stamp Duty: RM1 for every RM1,000 traded, maximum RM200 / order

 

Disclaimers

1. The rewards and offers in this campaign/promotion (“Campaign/Promotion”) are provided by Moomoo Securities Malaysia Sdn. Bhd. ("Moomoo MY”), a wholly-owned subsidiary of Futu Holdings Limited. By participating in this Campaign/Promotion, you undertake to have carefully read and agree to be bound by the terms and conditions of this Campaign/Promotion (“Terms and Conditions”), as well as the terms and conditions of the existing Client Agreement. Moomoo MY has the final decision on the eligibility of participants in this Campaign/Promotion.

2. Moomoo MY reserves the right to: (i) amend these Campaign/Promotion Terms and Conditions at any time without prior notice to you, and (ii) change, withdraw or terminate any offer or reward without disclosing the reason and without making compensation or remuneration. Any adjustments or decisions made by Moomoo MY in connection with this Campaign/Promotion shall be binding on all participants.

3. You shall be responsible for any telephone, internet and other charges that may be incurred.

4. Currently, Moomoo MY limits sign-ups to a limited group of nationalities. Please click on the drop-down box during your account opening process to see if your nationality is available on the list.

5. You can only open one universal account with Moomoo MY. Moomoo MY does not allow one person to open a universal account on behalf of another person (i.e. non-beneficial owners are not allowed to open accounts). Please do not open the universal account if you are not the ultimate beneficial owner. If your universal account shows signs of fraud, abuse, or suspicious activity, such as the use of multiple accounts or devices, Moomoo MY may, at its sole discretion, confiscate your reward entitlements and limit your opportunities to participate in future campaigns/promotions.

6. Each device, whether mobile or computer, can only receive one set of account opening bonus, deposit bonus and/or referral bonus. The same user can only be invited once. The same moomoo account, the same mobile phone number, and the same device are all regarded as representing the same user.

7. In Malaysia, the investment products available through the moomoo app are offered by Moomoo Securities Malaysia Sdn. Bhd., a licensed entity registered with Securities Commission Malaysia (“SC”) (License No. eCMSL/A0397/2024). The moomoo App is a trading platform provided by Moomoo Technologies Inc., a subsidiary of Futu Holdings Limited. Nothing in connection with this Campaign/Promotion shall be construed as an offer, invitation or recommendation to buy or sell securities, futures or other investment products. Moomoo MY does not provide investment advice and does not recommend any securities or transactions. All types of investments involve risk, and you may suffer losses. All information and data on the webpage are for informational purposes only. Past performance is no guarantee of future results. This Campaign/Promotion does not consider your investment objectives, financial situation or financial needs.

8. In the event of any inconsistency between these Terms and Conditions and any advertising, promotion, promotional and other materials relating to or in connection with this Campaign/Promotion, these Terms and Conditions shall prevail.

9. Moomoo MY shall not be responsible for any injury, loss or damage suffered as a result of, or in connection with this Campaign/Promotion and/or redemption or use of the prize/rewards howsoever arising, including but not limited to, fulfilment of the prizes/rewards, 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, suspension or termination by Moomoo MY of this Campaign/Promotion shall not entitle any party to any claim or compensation against Moomoo MY for any and all losses or damage suffered or incurred directly or indirectly resulting therefrom.

10. Any trademarks, graphic symbols, logos or intellectual property contained in any materials relating to this Campaign/Promotion, particularly in connection with the rewards/prizes, are the property of their respective owners. Moomoo MY does not provide any financial advice, endorsement or sponsorship of its products or services.

11. This Campaign/Promotion is not eligible to users whose names are on the "Moomoo MY Event Participation Ban List". If a user repeatedly violates safety rules of Moomoo MY, their name will be added to the "Moomoo MY Event Participation Ban List".

12. Should a user not fulfill all the stated conditions of this Campaign/Promotion, Moomoo MY reserves the right to cancel any delivered rewards, including commission-free trading for US/MY stocks, gift stocks, Level 2 US market data, Level 1 MY market data. Commissions and fees will then be charged by Moomoo MY as per normal standards.

13. In order to ensure the fairness of the Campaign/Promotion, the Campaign/Promotion may have restrictions on the daily reward distribution limit, the total reward distribution limit, and the upper limit of rewards received by a single user.

14. This advertisement has not been reviewed by the SC.