The competition is organised by Moomoo Singapore & SIT Investment & Commerce Club. The competition aims to motivate students to apply the financial knowledge learnt through the club activities.
Users may only register for the competition during the registration period
1. Registration period: 30/4/2024, 12:00AM (SGT) - 14/5/2024, 11:59 PM (SGT）
2. Opening address and app tutorial: 15/5/2024
3. Competition period: 17/5/2024, 9:30PM (SGT) - 29/6/2024, 4:00 AM (SGT）
4. Moomoo SG office visit/ workshop: 23/5/2024
The competition is only available for all SIT students, and any users on 1 single mobile terminal or under other reasonably similar circumstances shall be deemed as 1 single user. Only 1 Moomoo SG Universal account can be used to participate in the competition on each mobile terminal.
Rewards：
According to the cumulative profit rate during the competition, the top 10 players will receive cash coupon rewards.
1st to 3rd Prize - S$200 Cash Coupon each
4th to 10th Prize: S$100 Cash Coupon each
2. Rewards Distribution Time
Prizes will be issued after the competition ends and the results are settled upon verification from the school club within 30 days.
About Cash Coupons：
Cash coupons do not require actual transactions and can be used directly. The cash will be issued to your Moomoo SG universal account within 3 trading days upon usage.
Validity period: Cash coupons will be automatically issued to your account and used automatically if you have already opened an account or manually use it after opening your account. You may then check on your Moomoo SG universal account within 3 working days after issuance.
3. Claiming Your Rewards
Redeeming your cash coupons: Me > Coupons
1. Registration
Users can access the landing page and click on "Join Now" to register for the competition;
(The system will automatically register for the Paper Trading Competition after successful registration.)
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" > "Explore" > "Paper Trading".
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
1. This competition is strictly for US stock trading （ETFs and Leveraged ETFs allowed）. Upon successful registration, participants will open a competition account for one market with initial assets of US$100,000 each and will be ranked according to their total P/L%.
2. The trading product for this competition is limited to US stocks only. Other types of investment products does not qualify for this competition.
3. US stock market trading hours: 9:30PM to 4:00AM (SGT) the next day.
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 fairness of the competition, the competition will restrict trading stocks below US$1. You may sell stocks when they fall below US$1 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. 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 Financial Singapore Pte. Ltd. The commission is based on the real market. In case of minor deviations from the real market, the paper trading system shall prevail.
1. The rewards and offers in this competition (“Competition”) are provided by Moomoo Financial Singapore Pte. Ltd. ("Moomoo SG”), a wholly-owned subsidiary of Futu Holdings Limited. By participating in this Competition, you undertake to have carefully read and agree to be bound by the terms and conditions of this Competition (“Terms and Conditions”), as well as the terms and conditions of the existing Client Agreement. Moomoo SG has the final decision on the eligibility of participants in this Competition.
2. Moomoo SG reserves the right to: (i) amend these Competition 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 SG in connection with this Competition 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 SG 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 SG. Moomoo SG 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 SG may, at its sole discretion, confiscate your reward entitlements and limit your opportunities to participate in future Competition.
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 Singapore, the investment products available through the moomoo app are offered by Moomoo Financial Singapore Pte. Ltd., a dealer licensed by the Monetary Authority of Singapore. Moomoo SG is a licensed entity registered with the Monetary Authority of Singapore (MAS) (License No..CMS101000). The moomoo App is a trading platform provided by Moomoo Technologies Inc., a subsidiary of Futu Holdings Limited. Nothing in connection with this Competition shall be construed as an offer, invitation or recommendation to buy or sell securities, futures or other investment products. Moomoo SG 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 Competition 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 Competition, these Terms and Conditions shall prevail.
9. The competition account is a virtual trading account and can only be used for option simulation income challenge purposes;
10. The competition account does not have any actual cash or other asset value, and the virtual funds in the competition account cannot be withdrawn and used as cash;
11. Participants understand and agree that Moomoo SG will display or use their corresponding user nicknames, avatars, moomoo App accounts, total income, positions and transaction information during this competition and activities;
12. All virtual buying and selling and other transactions conducted through the competition account are virtual in nature, and all entered instructions will not be sent to the New York Stock Exchange, NASDAQ Stock Exchange, American Stock Exchange, and will not be traded in the real market. Execution will not constitute any settlement obligation or payment payable by the participant or the Company, nor will it apply to the rights and liabilities involved in the securities trading services and any other services provided by the Company that the participant has accepted;
13. If the operation of the competition is abnormal due to various reasons, Moomoo SG has the right to make corresponding handling and deal with the buying and selling operations during the abnormal period;
14. The information and data confirmation of this activity are subject to confirmation by Moomoo SG’s backend, and the final right of interpretation belongs to Moomoo SG
15. All event rewards have a validity period. If you do not claim or use the rewards in time within the validity period, the rewards will not be reissued after expiration/expiration, and you will be deemed to have automatically given up your qualifications to win. Please abide by the rules of the event;
16. Moomoo SG shall not be responsible for any injury, loss or damage suffered as a result of, or in connection with the Competition 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 SG of this Competition shall not entitle any party to any claim or compensation against Moomoo SG for any and all losses or damage suffered or incurred directly or indirectly resulting therefrom.
17. Any trademarks, graphic symbols, logos or intellectual property contained in any materials relating to this Competition, particularly in connection with the rewards/prizes, are the property of their respective owners. Moomoo SG does not provide any financial advice, endorsement or sponsorship of its products or services.
18. This Competition is not eligible to users whose names are on the "Moomoo SG Event Participation Ban List". If a user repeatedly violates safety rules of Moomoo SG, their name will be added to the "Moomoo SG Event Participation Ban List".
19. This advertisement has not been reviewed by the Monetary Authority of Singapore.
20. If you have any questions, please contact our online customer service team.