Users may register and participate in the competition at any time during the registration and competition period.
Competition Period: 12/6/2024, 9:30 PM (SGT) – 20/7/2024, 4:00 AM (SGT)
The competition is only available for new users residing in Singapore who have not made any trade (buy/ sell). Each new user is only entitled to 1 moomoo ID to participate in the competition.
Registration
Users may access the landing page and click on "Join Now" to register for the competition.
Commencing Your Paper Trading Competition
A competition account will be opened upon successful registration. Participants may access their competition account by navigating to "Discover" > "Paper Trade" within the app, and then proceed to the paper trading competition.
The competition will run for a total of 6 weeks, and rewards will be issued based on the user’s weekly profit rate.
- Weekly return rate is more than 10%: S$20 Stock cash coupons (S$10 stock cash coupon x 2) will be awarded.
- Weekly return rate is more than 5%: S$10 Stock cash coupons (S$10 stock cash coupon x 1) will be awarded.
- Weekly return rate is more than 3%: S$5 Stock cash coupons (S$5 stock cash coupon x 1) will be awarded.
- Weekly profit rate is less than 10%: 100 Points will be awarded.
- Weekly profit rate is less than 15%: 200 Points will be awarded.
- Weekly profit rate is less than 20%: 300 Points will be awarded.
The above rewards are non-stackable and may only be redeemed once per week.
PS: The stock cash coupon is issued to the top 100 users based on the weekly return rate. If a user's weekly ranking falls below 100, they will not be eligible to receive cash coupon rewards.
The competition will run for a total of 6 weeks, and rewards will be awarded to the top 3 users based on the user’s total final profit rate.
- 1st Place: S$500 Cash coupon x 1.
- 2nd Place: S$200 Cash coupon x 1.
- 3rd Place: S$100 Cash coupon x 1.
Stock cash coupons: The system will record the current week's return rate after the market closes on Saturday after the US market closes at 4:00 AM (SGT), and issue stock cash coupons to "My > My Rewards" within 5 working days. Stock cash coupons will be valid for use within 15 days upon date of issuance.
- Cash coupons: The system will record the final return rate after the market closes at 4:00 AM (SGT) on 20 July 2024, and issue cash coupons to "My > My Rewards" within 5 days. Cash coupons will be valid for use within 15 days after the user collects them.
- Expired rewards will not be reissued. Kindly ensure you use the reward before expiry.
Current Day's P/L% (Tn) = (Current Day's Ending NAV - Previous Day's Ending NAV) / Previous Day's Ending NAV
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
15 June 2024, 4:00 AM (SGT)
22 June 2024, 4:00 AM (SGT)
29 June 2024, 4:00 AM (SGT)
6 July 2024, 4:00 AM (SGT)
13 July 2024, 4:00 AM (SGT)
20 July 2024, 4:00 AM (SGT)
Total Return Rate Timing
20 July 2024, 4:00AM (SGT)
This competition is strictly for US stock trading (including ETFs and Leveraged ETFs). Upon successful registration, participants will open a competition account 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: 9:30 PM to 4:00 AM (SGT).
4. The competition supports dividends and bonus issuance, but not new IPO subscriptions, rights shares or additional issuance. (The dividends and bonus issuance are virtual.)
5. To ensure fairness in the competition, the competition will restrict trading stocks below US$1. However, you may sell stocks when they fall below US$1, but may not buy them.
6. To ensure fairness in the competition, the maximum number of orders per trading day is 50 (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 may only participate in the competition with strictly 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 the event of minor deviations from the real market, the paper trading system shall prevail.
1. The rewards and offers in this campaign/promotion (“Campaign/Promotion”) are provided by Moomoo Financial Singapore Pte. Ltd. ("Moomoo SG”), 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 SG has the final decision on the eligibility of participants in this Campaign/Promotion.
2. Moomoo SG 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 SG 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 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 Campaign/Promotion.
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 Campaign/Promotion 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 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 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/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 Campaign/Promotion 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.
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 SG 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 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".
12. This advertisement has not been reviewed by the Monetary Authority of Singapore.
13. If you have any questions, please contact our online customer service team.