US Stocks Paper Trading Competition

Competition Schedule

Users may register and participate in the competition at any time during the registration and competition period.
Competition Period: 3/3/2025, 10:30 PM (SGT) – 12/4/2025, 4:00 AM (SGT)

Eligibility

All Moomoo SG users

How to Join Competition

1.Registration

Users may access the landing page and click on ""Join Now"" to register for the competition.

2. 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.

Competition rewards

1. Top Gainers  
Over a six-week period, prizes will be awarded based on the final Total P/L% rankings. 
First place: a US$500 Stock Cash Coupon
Second place: a US$200 Stock Cash Coupon
Third place: a US$100 Stock Cash Coupon

2. Exclusive prizes
Unique rewards are offered for users who have not conducted any real US stock trades in the past 90 days. These are available as tasks on the paper trading competition page, which participants must complete to claim their rewards.
Sign up and complete a paper trade: Receive a US$5 Stock Cash Coupon.
Achieve a positive Weekly P/L% in any week:  Receive a US$5 Stock Cash Coupon.

Weekly challenge
Complete one paper trade with your competition account each week to earn 50 points. To qualify for the reward, you must claim the tasks first on the paper trading competition page."

Reward Description

1. moomoo points: 
Points have no cash value. Points can be used to redeem equivalent goods/coupons in the Points Mall. Issued immediately after the task is completed, and are expected to arrive in ""Me > My Rewards"" within 10 minutes.

2.  Stock Cash Coupons:
You must have a Moomoo SG universal account to receive Stock Cash Coupons. After using it, you will receive an amount equal to the value of the Stock Cash Coupons. The amount will be credited to the relevant universal account within 3 trading days after the order is completed.
Stock cash coupons from Exclusive Prizes are issued about 10 minutes after task completion.
Stock cash coupons from final rewards are issued within three working days after the competition ends.
To view your rewards, go to Me > My Rewards.
Coupons are valid for use within 15 days of receipt. Expired rewards will not be reissued.

Calculation Formula
Weekly Return Rate=(Net Asset Value after Friday's closing bell this week / Net Asset Value after Friday's closing bell last week - 1) * 100%
Total Return Rate= (Net Asset Value after the end of the competition / Initial Net Asset Value of the competition account - 1) * 100%

Competition Trading Rules

1. Tradable securities: US stocks and ETFs only.

2. Trading Hours for US Stock Market: Monday to Friday 9:30 AM to 4:00 PM (Eastern Time).

3. Initial assets: US$500,000 in virtual funds.

4. Margin Trading and Short Selling:
Short selling is supported with an initial margin requirement of 100% and a maintenance margin requirement of 50%.
The interest on short selling is calculated at an annual rate of 6% and is charged daily after market close.

5. Trading Order Restrictions:
To maintain the professionalism and fairness of the competition, trading of stocks priced below US$1 or stocks from companies with a market capitalization below US$500 million as of the last trading day is prohibited.
The maximum number of orders per day is 200 (excluding cancellations and modifications).
The maximum number of positions held is 100.
The maximum single-stock position limit is 40% of total assets. If the limit exceeds 40% due to stock price fluctuations and exercises, it is not affected by this rule.

6. Corporate Actions:
The competition supports only dividends, stock splits, and mergers; other types of corporate actions are not supported.
If a listed company is delisted for any reason, participants cannot engage in simulated trading of that stock on subsequent competition days. The system will deposit virtual funds into the participant's competition account based on the stock's last closing price on the second working day.
Due to upstream dependencies in corporate actions, there may be delays in data sources. If this affects user rankings, the simulated trading system will make every effort to rectify the issue to ensure fair competition.

7. Matching Rules:
The matching of simulated trading orders takes into account the actual trade's tick-by-tick volume. Even if the order price is suitable, it will not be executed if there is no tick-by-tick volume. If the tick-by-tick volume of the actual trade is less than the order quantity, a partial execution will occur, matching only the volume of the actual trade, while the remaining order remains in the matching queue awaiting execution.

8. Ranking Rules:
If users have the same rate of return, they will be ranked in the leaderboard based on the order of their registration timing for the competition.

9. Fees:
Trading fees are deducted in the paper trading system. They do not involve any real expenses. No actual costs are incurred. For actual investments, please refer to the fee standards in the official trading environment.
Commission: $0.0049/share, minimum $0.99/order，maximum 0.5% of the transaction amount
Platform fee: $0.005/share, minimum $1/order，maximum 0.5% of the transaction amount
Settlement fee: $0.003/share
Regulatory fee: $0.000008 * transaction amount, minimum $0.01/order
Trading activity fee: $0.000166/share, minimum $0.01/trade, maximum $8.30/trade (sell orders only)

10. Prop Cards:
Reset Card: Restore initial virtual funds and clear all historical orders in the selected paper trading account.
Defense Card: Prevent others from viewing positions and transactions of the account within 24 hours.

Disclaimer: 

By participating in this activity as described above, you are deemed to have agreed to the following terms and conditions of Moomoo SG (the "Organizer"):

1. Participants acknowledge and agree that the Organizer may display or use their user nicknames, avatars, Moomoo App accounts, total returns, holdings, and trading information, as such information relates to the paper trading competition；
2. All transactions conducted through the competition account are virtual in nature. Instructions entered by participants will not be transmitted to any exchange for execution (including but not limited to the New York Stock Exchange, Nasdaq Stock Market, American Stock Exchange), nor will they constitute any settlement or payment obligations for participants or the company. Securities trading services provided by the company and any rights and obligations related to such services do not apply to virtual trading within the challenge account；
3. Some information displayed in the competition account (including security quotes) is provided by third parties. The bank makes no representations, warranties, or commitments regarding the accuracy or completeness of such information and shall not be liable for any losses or damages incurred by any person directly or indirectly using such information；
4. The organizer has the final decision-making power on the calculation of the holding profit challenge account, the list of winners for each prize, and their prizes. Participants may not object to the organizer's decision;
5. The organizer shall not be responsible for any errors, omissions, interruptions, deletions, defects, delays in transmission over communication lines, or any problems or technical malfunctions arising from telephone networks, computer online systems, servers or providers, computer equipment, software, or any technical issues or communication congestion resulting in failure to receive any emails or communications;
6. The organizer is not responsible for any damage or loss caused to participants or any other person's computer due to any form of human or non-human errors, including participation in the contest, instruction input and submission, or notification related to the contest, including damage or loss caused by computer viruses or harmful programs;
8. Activity rewards are strictly distributed according to the rules. Participants cannot apply for rewards through special means if they do not meet the qualifications for the activity. The organizer reserves the final decision-making power on the distribution and changes of any rewards;
9. If the prizes for this activity are provided by the organizer, their use is subject to the terms and conditions issued by the organizer for the respective prizes;
10. Before redeeming the Stock Cash Rewards distributed in the redemption activities, winners must open a corresponding universal account with Moomoo in the relevant market to receive the corresponding rewards;
11. There are expiration dates for receiving and using activity rewards. Failure to claim or use rewards within the specified period will result in the rewards being forfeited, and the winner is considered to have automatically waived their eligibility;
12. The organizer reserves the right to modify or cancel the activity process, rules, awards, explanations, etc., based on actual circumstances and will notify participants as early as possible. The interpretation of the rules of this activity belongs to the organizer, who has the right to modify rules, processes, etc., including but not limited to the rules and processes of the activity, in response to loopholes in the activity;
13. If the activity is not running normally for any reason, such as interruptions or early termination, the organizer has the right to make corresponding adjustments and handle trading operations during abnormal periods. Participants cannot object to the decisions made by the organizer;
14. The organizer may freely quote the achievements and personal information of participants in any promotions or advertisements related to the activity, including but not limited to name, portrait, or voice (except where prohibited by law), without the approval of the participant being quoted;
15. The confirmation of information and data for this activity is based on the organizer's backend confirmation, and the organizer reserves the final interpretation right;
16. This promotion does not constitute an offer, solicitation, advice, opinion, or any guarantee of securities, financial products, or tools.
The organizer reserves the final decision-making power on any disputes related to this activity;
17. All amounts in the rules for this promotion are in U.S. dollars；
18. Each user is limited to using one account, one mobile phone number, and one device to participate in promotions. Abnormal behavior (including but not limited to using mobile phone device emulators and artificially modifying mobile phone device numbers) may automatically disqualify or suspend users’ eligibility for participating in the promotion.
19. This offer is limited to one reward per new account, with no more than one account enrolled per person；
20. Neither receipt of a share of stock through this program nor identification of a particular security in communications related to this promotion constitutes a solicitation of the security or a recommendation to buy, sell, or hold the security；
21. These Terms and Conditions have not been reviewed by the MAS.
22. If you have any questions, please contact us via "Me"-"Customer Service"in Moomoo APP.