Moomoo SG 5%* p.a. Guaranteed Return Reward for Special Guests

Promotion Period: 01/05/2023, 00:00 SGT - 30/06/2023, 23:59 SGT

Eligibility: users who are invited by moomoo SG

Summary:

Users who deposit a minimum amount of S$1,000 are entitled to a 5% p.a. return reward if they subscribe to a fund with an amount between S$100 and S$10,000 during the promotion period. Upon subscription, an allocated holding period of one month will start, during which time users can redeem or re-subscribe to the fund.

5% p.a. Guaranteed Return Reward

*One month counts as 30 days.

Redemption & Subscription Policy

There is no charge for subscription to or redemption of funds. Users are able to subscribe to and redeem funds at any point of time during the allocated holding period under this event. However, the 5% p.a. guaranteed return reward is applicable only during the reward entitlement period. After the end of the event, the 5% p.a. guaranteed return reward will be credited on a daily basis according to users' total invested principal.

How can I get the guaranteed return reward?

Moomoo SG guarantees the 5% p.a. (annualized percentage) return reward. To get the 5% p.a. return reward, users need to invest in a base money market fund of their choice with an amount up to S$10,000, and moomoo SG will make up for any difference to ensure that eligible users can enjoy the 5% p.a. guaranteed return reward for their invested principal. 

For example, a user subscribes to a fund with an amount up to S$10,000 and holds the fund for one month, he/she will receive a total return of S$41 on the principal he/she invests. The return is calculated as S$10,000*[(5%/365)*30] = S$41. The calculation is based on 365 days, where one month counts as 30 days. 

The allocated holding period will not be activated until the above conditions are met within the promotion period as well as the allocated holding period. Otherwise, users will not be entitled to the 5% p.a. guaranteed return reward. 

Moomoo Financial Singapore Pte. Ltd only guarantees the 5% p.a. return reward for invested principal. If the yield of a base money market fund drops below 0, force liquidation will occur. The fund will be automatically redeemed to prevent further loss that could hurt client's invested principal during the allocated holding period. 

Should you have any queries, please contact our Customer Support team.

FAQ

Q1: Can I withdraw my money at any time?

The money you invest under this event can be withdrawn and re-invested (up to S$10,000) at any point of time during the allocated holding period. However, the 5% p.a. return reward is applicable during the reward entitlement period only. You need to redeem your fund and have the money credited back to your moomoo SG Universal Account before you can transfer it back to your bank account.

Q2. Can I subscribe again after full redemption?

Yes, you may subscribe again after full redemption as long as the subscription falls within the allocated holding period. The allocated holding period starts when you make your first subscription.

For example:

After a user subscribes to a fund, the allocated holding period of one month (30 days) will start. The user holds it for 10 days before redeeming it in full. But the allocated holding period continues to be valid. After 12 days of inactivity, the user subscribes again, and then the remaining holding period will be 30 - (10) - (12) = 8 days.

Q3: How is the reward delivered?

The reward will be credited to your brokerage account on a daily basis up till the full redemption of your fund or the end of the allocated holding period under this event, whichever is earlier.

Q4: What happens to my money after the allocated holding period is over?

Once the allocated holding period is over, the 5% p.a. guaranteed return reward offered by moomoo Singapore will be credited to your moomoo SG Universal Account. You can choose to redeem your fund immediately after the allocated holding is over or continue your investment and enjoy the normalised yield given by the base money market fund. Moomoo SG will automatically re-invest your money in the same fund for you after the end of the allocated holding period. The 5% p.a. return reward is applicable only during the reward entitlement period under this event.

Q5: Is my money safe?

Moomoo SG is a licensed institution of the Monetary Authority of Singapore. The money you invest through the platform flows through our custodian bank, and neither the platform nor the fund company can misappropriate your assets without authorization.

Q6: Will I be affected if the underlying fund product has a negative 7-day annualized yield?

Moomoo SG will automatically redeem your fund if the underlying fund product has a negative 7-day annualized yield. Moomoo SG will still provide you with the 5% p.a. guaranteed return reward (based on the actual holding days).

Q7: What happens if the underlying fund product has an annualized yield higher than 5%?

Moomoo SG will give you the higher rate, either the 5% annualized yield, or the market yield, whichever is higher.

Q8: What are the participating funds?

Extra Yield Version - CSOP USD Money Market Fund and Extra Yield Version - Fullterton SGD Cash Fund.

Other Terms and Conditions

1. These terms and conditions, rewards and offers are organised by Moomoo Financial Singapore Pte. Ltd. (「Organiser」), a subsidiary of Futu Holdings Limited. By taking part in this Campaign, you agree to be bound by these Campaign Terms and Conditions, existing terms and conditions in the customer agreement, and the decisions of Moomoo Financial Singapore Pte. Ltd. in relation to and in connection with this Campaign.

2. Moomoo Financial Singapore Pte. Ltd. reserves all rights to terminate the campaign or change terms and conditions, offers, rewards without prior notice. Other restrictions may apply and will be posted on the moomoo app/website prior to effectiveness.

3. Student offer is only valid for eligible current students holding official valid student ID photo cards of Singapore local education institutions, who are at least 18 years of age, and have a valid Singapore bank account in their own name.

4. Currently, we limit 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. Applicable phone, internet and other charges may apply, and the participants shall be responsible for such costs and expenses.

6. No person should have more than one account. Please note that Moomoo Financial Singapore Pte. Ltd. does not allow a person to open a universal account on behalf of another (i.e. we do not allow non-beneficial owners to open an account). This requirement is also stated during your account opening process and in your declaration. Please refrain from opening a universal account if you are not the ultimate beneficial owner of the account. If your universal account shows signs of fraud, abuse, or suspicious activity, e.g., using multiple accounts or devices, Moomoo Financial Singapore Pte. Ltd. may, in its sole discretion, forfeit your stock rewards and limit your chance to participate in future promotions.

7. Each user or device, regardless mobile or computer, is only entitled to one set of registration / sign up rewards, account opening rewards, initial deposit rewards, market trade rewards and referral rewards.

8. Moomoo Financial Singapore Pte. Ltd. reserves the right to remove rewards entitlement should customer not fulfil all stated conditions of the offer.

9. Where force liquidation occurs during the event period, subsequent fund yield movements will no longer be monitored by Moomoo Financial Singapore Pte. Ltd. Moomoo Financial Singapore Pte. Ltd. will not automatically initiate any forms of re-subscription after the force liquidation, and user will not be able to re-invest into the underlying fund during the negative 7-day annualized yield period. Should the user wishes to re-invest into the same underlying fund when it reaches back to a positive 7-day annualized yield, the onus is on the user to monitor the market conditions. Should another negative 7-day annualized yield occur during the reinvested period, the same force liquidation will happen. Moomoo Financial Singapore Pte. Ltd. will still guarantee the 5% p.a. return rewards as long as the user has a positive position during the remaining holding period.

10. Investment products available through the moomoo app are offered by, including, but not limited to Moomoo Financial Singapore Pte. Ltd., a broker licensed by the Monetary Authority of Singapore. The moomoo app is a trading platform offered by Moomoo Technologies Inc., a subsidiary of Futu Holdings Limited. Neither receipt of a share of stock through this program nor identification of a particular security in communications related to this program constitutes a solicitation of the security or a recommendation to buy, sell, or hold the security. Moomoo Financial Singapore Pte. Ltd. does not provide investment advice and does not hereby recommend any security or transaction.

11. 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.

12. Moomoo SG 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 SG of this Contest shall not entitle any party to any claim or compensation against moomoo SG for any and all losses or damage suffered or incurred as a direct or indirect result of the act of cancellation, termination or suspension.

13. 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 SG is not providing any financial advice, endorsements or sponsorships to their products or services.

14. No content herein shall be considered an offer, solicitation or recommendation for the purchase or sale of securities, futures, or other investment products. All types of investments are risky and investors may suffer losses. All information and data on the website are for reference only. Past performance does not guarantee future results. This promotion does not take into account your investment objectives, financial situation or financial needs.

15. This advertisement has not been reviewed by the Monetary Authority of Singapore.

16. This event is not eligible to users on the "Moomoo Financial Singapore Pte. Ltd. Event Participation Ban List". If a user repeatedly violates Moomoo Financial Singapore Pte. Ltd.'s safety rules, the user will be put on the "Moomoo Financial Singapore Pte. Ltd. Event Participation Ban List".

17. In order to ensure the fairness of the event, the event has limits on daily event rewards, total event rewards, and the total rewards that can be claimed by a single user; if the system detects abnormal participation behaviors (including but not limited to the use mobile device simulators or artificial modification of mobile phone device numbers), the offenders' event eligibility will be terminated.