1. Futures paper trading is available for the US market. To open a virtual account, simply tap the "Claim Now" button. Each virtual account starts with an initial balance of US$10 million.
2. Paper Trading rules: Only limit orders are supported; positions can be closed or reserved at the market price only.
3. Forced liquidation rules: When your Paper Trading account equity falls below the maintenance margin, forced liquidation will be triggered. The system will first close out your virtual positions near expiry dates, and then positions with floating losses in descending order.
4. Delivery rules: Paper trading does not support physical delivery. You need to close out your virtual positions before they expire. If your positions remain open after the last trading day, the system will automatically close them out.
5. Paper trading adopts the rules of order matching. The highest bid (best bid) and the lowest ask (best ask) are the best prices for matching. A buy order at a price higher than the best ask or a sell order at a price lower than the best bid satisfies the matching conditions and will be automatically queued for execution.
6. The paper trading system is not necessarily consistent with the real market. In case of any inconsistency, data in the paper trading system shall prevail.
7. If you hold virtual stock futures contracts of a listed company which is delisted for any reason, you may no longer trade such contracts in later trading days, and the system will close out your positions at the last closing price.
8. Transaction fees deducted in the paper trading system are not real expensed. The paper trading system is free of charge, so please feel free to use it.
9. The Paper Trading feature in the moomoo app is for educational purposes, enabling simulated trading with virtual funds using live market data. Any orders, returns, costs, and other aspects within Paper Trading are simulated. Virtual performance does not ensure success in a live trading environment. Paper trading is free for users of the moomoo app and doesn't require the establishment of a brokerage account.
This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose of the above content.