Account Upgrade
2. Benefits of upgrading accounts
2.1 Easier trading and account management
2.2 More trading scenarios and features
2.3 A clearer view of client assets
3. Will the records of my old accounts be retained after they are upgraded to a moomoo universal account
1. What is an account upgrade
An account upgrade refers to upgrading one or more single-currency accounts to one universal account for clients. With just one universal account, clients can trade all types of products in all markets, without any impact on the trading capacity or features from old accounts. Universal accounts offer features not available in single-currency accounts. Clients can register for a proactive upgrade, or you can wait for our automatic upgrade.
2. Benefits of upgrading accounts
2.1 Easier trading and account management
Before an account upgrade, clients may not be able to trade all types of products in all markets unless they hold three single-currency accounts (a HK margin account, a US margin account, and a China A-share account). While a universal account can achieve the same goal, sparing clients from the need to manage multiple accounts.
| Old Account | New Account |
| HK margin account | Universal account |
| US margin account | |
| China A-share account |
2.2 More trading scenarios and features
● Multi-market, multi-currency trading
● Trading scenarios specific to a universal account
2.3 A clearer view of client assets
● Under the old-account mode, clients’ assets are distributed in different accounts, and it is inconvenient for clients to count and use them. In contrast, clients' assets are all held in one account under the universal-account mode, making it convenient for clients to check them.
● Under the old-account mode, clients need to check each account if they want to view all their transaction records. In contrast, clients need to check only one account under the universal-account mode.
● Under the old-account mode, each single-currency account will generate one statement, making it inconvenient for clients to check. In contrast, clients will receive only a securities statement under the universal-account mode.
3. Will the records of my old accounts be retained after they are upgraded to a moomoo universal account
We will keep the transaction records, fund details, and statements of your old accounts for you. You can still view them by selecting your old accounts on corresponding pages, but your old accounts will no longer appear on the Trade page.
Transaction Records:
Funds Details:
Statements:
