3rd Global Paper Trading Competition, Share prize pool of US$200,000 Trading Coupon

1. Event Period

From October 12, 2026, 00:00:00 SGT to November 21, 2026, 11:00:00 SGT. Please refer to the following details.

2. Eligibility

All moomoo users.

3. Prizes and Awards

3.1 Papertrade Personal Challenge: Get Tokens and Redeem Trading Coupon!

After signing up for this competition, participants may earn Tokens by completing designated tasks within the Paper Trading Challenge. These tasks include, but are not limited to: executing options paper trades, achieving positive weekly returns, and completing other qualifying activities as specified on the event page. All of the challenge tasks and their respective point values will be exclusively determined by the criteria published on the official event page.

 

Rewards:

1. "Tokens" that meet the requirements can be exchanged for "Trading Coupons".

Tokens	Rewards (Trading Coupon in USD）
500	US$5
1500	An extra US$10 (Total: US$15)
3000	An extra US$35 (Total: US$50)
5000	An extra US$150 (Total: US$200)

2. The total $200,000 prize pool for all regions will be distributed weekly on a first-come, first-serve basis until all funds are claimed. The prize pool will be unlocked gradually over six redemption rounds (six weeks). The reward redemption period is from October 12, 2026, 03:00:00 SGT to November 29, 2026, 02:59:59 SGT.

 

3.2 Global winners:

Participants who achieve positive cumulative returns and rank among the top 3 globally shall receive the following rewards:

1st Place: US$10,000 in Trading Coupon

2nd Place: US$3,000 in Trading Coupon

3rd Place: US$1,000 in Trading Coupon

 

Total P/L = [(Net Asset Value After the End of the Competition / Initial Net Asset Value of the Competition Account) – 1] * 100%

The total P&L of this competition is calculated based on the regular session closing prices on the final competition day. The final account net asset value will be confirmed after post-market data refresh.

The official leaderboard will be updated and confirmed after 00:00:00 November 26 SGT.

During the competition, the latest holdings of the top 3 users will be updated and displayed on the page in real-time.

 

Additional Rewards:

• The top 3 global users will receive a trophy co-presented by Nasdaq and Moomoo.

• The top 10 users in each local and the top 10 users in overall ranking will receive a certificate co-presented by Nasdaq and Moomoo, along with surprise merchandise.

Our staff will contact the winners after the competition regarding specific award arrangements.

 

Overall Leaderboard Scoring Dimensions:

1. Tool Mastery: Unlock cards in the card collection event to learn product features. The more you unlock, the higher your score.

2. AI Insight: Based on AI Q&A usage frequency. Ask more questions.

3. Trading Activity: Evaluates total trades and category diversity (stocks/ETFs/options). Control trading frequency and try multiple categories.

4. Stock Selection Ability: Based on profitable order ratio at position closing. Master profit-taking and stop-loss to improve your win rate.

5. Profitability:Based on your total return ranking among all participants. Review and optimize strategies to climb higher.

6. Risk Control:Based on maximum drawdown of account net value during the competition. Manage position sizes and diversify.

Specific weights and scoring rules for each dimension will be displayed on the event page.

 

3.3 Times Square, Nasdaq Tower video

During the six-week period, participants who achieve positive weekly returns can sign up for the opportunity to be featured in a video broadcasted at Nasdaq Tower. Selected users will receive official invitations to submit visual materials for a promotional video featured on Nasdaq's iconic billboard in Times Square, New York. The specific selection criteria are subject to the detailed rules: https://www.moomoo.com/sg/support/topic5_1126

 

3.4 Collect Cards to Win Free Shares

During the event, users who meet the corresponding conditions can unlock the corresponding achievement cells. By collecting all the cells on the nine‑grid card, users can share a total of US$18,000 worth of NVDA free shares, with a total of 6,000 slots (each worth US$3). Shares will be granted on a first‑come, first‑served basis after all tasks are completed. If the free share quota is fully distributed, users who complete the nine‑grid card will receive 5,000 points.

(The conditions below are tentative, focusing on product experience and hands‑on practice.)

1. Insights: View 1 Insights.

2. Moomoo AI: Ask Moomoo AI 3 questions.

3. Wall Street Forecasts: Check Wall Street Forecasts for 1 stock.

4. Earnings Hub : Review earnings insights for 1 stock.

5. Custom Alerts : Set movement alerts for 1 stock.

6. Advanced Orders: Place 3 paper trades with advanced orders.

7. Gamma Exposure: Check gamma exposure for 1 stock.

8. Strategy Lab: Explore 1 options strategy.

9. CDP Account: View 1 CDP transfer guide.

 

4. Trading Terms 

1. Trading Scope

• The trading securities permitted in this competition are limited to US stocks, ETFs, and options.

2. U.S. Market Trading Hours

• Trading is supported during the following sessions: pre-market, regular market hours, and after-market (4:00 AM to 8:00 PM Eastern Time).

3. Account Attributes

• Initial Account Balance: 100,000 USD

• Margin and Short Selling: The account supports margin trading and short selling.

• For long positions: Initial margin requirement is 50%, with a maintenance margin of 40%.

• For short positions: Initial margin requirement is 60%, with a maintenance margin of 50%.

• Interest Rates:

• Short selling interest is calculated at an annual rate of 6%.

• Margin trading interest is calculated at an annual rate of 4.8%.

• Interest is charged daily after the market closes.

4. Trading Order Restrictions:

• To ensure the competition's professionalism and fairness:

• Trading of stocks priced below $1 is prohibited.

• Trading of stocks with a market capitalization of less than $500 million, as well as their options, is prohibited.

• Order Limits:

• Maximum of 200 orders per day (excluding cancellations and modifications).

• Maximum of 100 positions held at any time.

• The holding of any single stock is limited to 40% of the total account assets. However, if this limit is exceeded due to stock price fluctuations or option exercises, no action is required.

5. Risk Control Rules:

• During trading hours, if the account's remaining liquidity falls below zero, forced liquidation will be triggered.

6. Option Exercise Rules:

• After the market closes, the paper trading system will automatically exercise In-the-Money (ITM) options expiring that day.

• If sufficient funds are available, the underlying assets will be bought or sold accordingly.

• If funds are insufficient, the simulation will cover the difference in option profit.

• Out-of-the-Money (OTM) options expiring that day will be voided after the market closes.

• Index options and stock options will use the intraday closing price on the exercise date as the exercise settlement price

7. Corporate Actions:

• The competition supports only the following corporate actions: dividends, stock splits, reverse splits, and ticker symbol changes. Other corporate actions are not supported.

• If a company is delisted for any reason, participants will be unable to trade that stock in subsequent competition days. The system will credit the participant's account with the stock's last closing price on the second business day following the delisting.

• Corporate action data may be delayed due to dependencies on upstream sources. If such delays affect participant rankings, the paper trading system will make efforts to rectify the issue to ensure fairness.

8. Order Matching Rules:

• The matching of simulated orders takes into account the actual trade-by-trade volume from the real market.

• Even if the order price is suitable, without corresponding trade volume, the order will not be executed.

• If the actual trade volume is less than the order volume, only the available trade volume will be matched, and the remaining portion of the order will remain in the queue awaiting further matching.

9. Fees:

• Stocks:

• Commission: $0.0049 per share, minimum $0.99 per order, maximum 0.5% of trade value.

• Platform fee: $0.005 per share, minimum $1.00 per order, maximum 0.5% of trade value.

• Trading Activity Fees: $0.000166 per sold share, minimum $0.01 per trade, maximum $8.30 per trade (charged only on sell orders).

• Options:

• For options with a premium greater than $0.10: $0.65 per contract.

• For options with a premium less than or equal to $0.10: $0.15 per contract.

• $0.65 per contract, minimum $1.99 per order.

• Commission:

• Platform fee: $0.30 per contract.

• Trading Activity Fees: $0.00279 per contract, minimum $0.01 per order (charged only on sell orders).

• Options Regulatory Fees:$0.02915 per contract.

10. Competition Settlement Rules:

• Competition results will be calculated based on the prices of the regular trading session on the last day of the competition. After-hours trading will not be included. For options that expire on the last day, the value resulting from their exercise or assignment will be included in the final P&L and rankings. Weekly P&L data is updated after 10:00 PM ET on Fridays.

• Weekly return = (This week's closing net asset value - Last week's closing net asset value) / Last week's closing net asset value. Weekly P/L% is calculated based on closing data as of 10 PM ET each Friday.

11. Prop Cards:

• Reset Card: If the account's virtual assets are insufficient for further trading, using this card will restore the account's initial virtual funds. Each participant may only use the revival card once during the competition.

12. Tiebreaker:

• If multiple participants achieve the same return rate, their ranking will be determined by the order of their registration time for the competition.

13. Cheating:

• Any form of cheating or exploitation of system vulnerabilities to generate profits will result in disqualification from the competition.

14. System Disclaimer:

• The simulation system is provided by moomoo. In the event of discrepancies between the simulation and the real market, the simulation system shall prevail. The use of the simulation system is free of charge, and any deducted trading fees are virtual and do not involve real financial expenditure.

 

5. Reward Rules

5.1 Papertrade Personal Challenge

If you successfully redeem a reward on the event page, the corresponding Trading Coupon will be issued to your account and can be viewed in the app under "Coupons". There are a total of four reward denominations: 5,10,35, and 150. Each denomination can win a maximum of once.

 

For the avoidance of doubt, Coin Redemption Trading Coupons do not include the global winner trading coupons referred to in Section 5.3. global winner trading coupon has a value of US$1,000.

 

Detailed rules:

• You can use the Trading Coupon when buying US stocks and Singapore stocks (or ETFs) (buy order amount ≥ USD5). After using it, you will receive an amount equal to the value of the Trading Coupon. The amount will be credited to your Moomoo SG universal account within three trading days after the order is completed.

• During the validity period, the Trading Coupon will automatically match the first qualifying trading order (only for opening buy orders), with conditions including order amount, trading category, applicable market, etc. Cashback will be received upon completion of a qualifying trade order within the validity period of the Trading Coupon.

• Only one Trading Coupon can be used per order. Commission coupon stacking is supported during trading.

• The Trading Coupons are valid for 30 days from the day of receipt.

 

5.2 Free Stock Rewards

You must have a valid Moomoo SG universal account to claim free stocks. The number of free stocks you receive is based on the stock's closing price on the competition's final day.

Calculation formula: Number of Free Stocks = Value of Reward / Closing Price on the Final Day.

The free stocks will be credited to your account within five business days after the evaluation period concludes.

You will be able to trade them once they arrive. Check your account for any updates in holdings, or go to Stock Rewards > Records for details on their arrival.

 

5.3 Global winners

The rewards will be distributed after the event ends.

Reward details:

Global Top 1: US$10,000 in Trading Coupon

Global Top 2: US$3,000 in Trading Coupon

Global Top 3: US$1,000 in Trading Coupon

 

Detailed rules:

• You can use the Trading Coupon when buying US stocks and Singapore stocks (common stocks or ETFs) (buy order amount ≥ US$1,000). After using it, you will receive an amount equal to the value of the Trading Coupon. The amount will be credited to the relevant securities account within three trading days after the order is completed.

• The Trading Coupon of US$10,000, US$3,000, and US$1,000 will be distributed in ten, three, and one coupons, respectively. Each coupon is worth US$1,000.

• The Trading Coupons are valid for 180 days from the day of receipt.

 

5.4 Free Nasdaq TotalView Quote Card

During the event, users can visit the landing page and receive a free one-month Nasdaq TotalView quote card, which will be automatically activated upon distribution. Only registered MTI users are entitled to access Nasdaq TotalView. The Nasdaq TotalView function is available on both the moomoo app and on a PC desktop. Participation in the free trial of Nasdaq TotalView doesn't require the establishment of a brokerage account. Should you wish to continue using Nasdaq Totalview, subscription charges may apply.

 

5.5 Extra Bonus

On October 29th（00:00:00-23:59:59 SGT）, users who enter the product page will receive an extra bonus. Funded Clients: Will receive the 14th Anniversary Medal, Tokens and Points. Unfunded Clients: Will receive the 14th Anniversary Medal, Tokens and Trading Coupon (valued at $3). The "14th Anniversary Medal" can be viewed and applied in the app under "My Medals". The Trading Coupons distributed as an extra bonus will be valid for 30 days from the day of receipt.

 

5.6 Trading Coupons rules

1. Participants must have a brokerage account opened through Moomoo Financial Singapore Pte. Ltd. to receive Trading Coupons.

2. Trading Cash Coupons may be used when purchasing securities in the U.S. or Singapore market, including stocks, options and ETFs. Trading Cash Coupons are available in the “X”* and US$1,000 face-value categories. When a Trading Cash Coupon is used, the applicable purchase order amount must be at least US$5, US$100 or US$1,000, as applicable, or the equivalent amount in Singapore dollars. After the relevant order is completed, you will receive a cash rebate equal to the face value of the Trading Cash Coupon. The rebate will be credited to the relevant brokerage account within three trading days.

3. Trading Coupons represent the value of a potential credit to a brokerage account and are not discounts on your purchase orders. Trading Coupons may be taxable to you. You must have a brokerage account with Moomoo Financial Singapore Pte. Ltd. to redeem Trading Coupons. Trading Coupons may be redeemed only through the moomoo app and have no other value.

4. Trading Coupons do not have any buying power until the face value of the Trading Coupons is credited to your brokerage account. After the first eligible order (buy-to-open orders only) is settled, a Trading Coupons amount equal to the face value of the coupon is credited to the user's brokerage account within three trading days. The use of Trading Coupons depends on the order amount, product type, applicable market, and other conditions.

5. Trading Coupons can be used only once per order. Trading Coupons can be used in conjunction with a Commission Discount or Zero Commission Coupon. By default, Trading Coupons with the earliest expiration will be used first. If two or more Trading Coupons have the same expiration date, by default, the Trading Coupons with the higher denomination will be used first. Trading Coupons are not registered, non-transferrable, irrecoverable once lost, and can be used only once. Trading Coupons are promotion rewards, and moomoo reserves the right to reclaim Trading Coupons acquired via inappropriate means, such as exploiting system vulnerabilities, hacking, and false pretenses.

 

* “X” face value refers to the face value of a Trading Cash Coupon obtained through Token redemption. Such Trading Cash Coupons are available in four denominations: US$5, US$10, US$35 and US$150.

* “US$1,000” face value refers to a Trading Cash Coupon awarded as a Global winner Prize.

 

6. Other terms and conditions:

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

  a. The Paper trading competition account is purely a virtual trading account and can only be used for simulating trading challenges with US stocks, US options and US stock ETFs.

  b. The cash or other assets displayed in the Paper trading competition account have no actual value and cannot be withdrawn or exchanged.

  c. The content and design of the Paper trading competition account are assets of the Organizer, and participants are not allowed to alter, modify, adapt, imitate, or otherwise change any part in any way.

  d. 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.

  e. All transactions conducted through the Paper trading 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.

  f. Some information displayed in the Paper trading competition account (including security quotes) is provided by third parties. Moomoo SG 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.

  g. The organizer has final decision-making authority regarding the calculation of holding profits in the Paper Trading Competition Account, the list of winners for each prize, and the prizes awarded. Participants may not object to the Organizer’s decision.;

  h. If the organizer believes that a participant has engaged in any cheating behavior, the organizer has the right to cancel the results. If any cheating behavior is found among the top participants in the global, regional rankings and the overall ranking, their eligibility for the prizes will be revoked, and the prizes will be offered to the next participant identified in the global/regional/overall ranking. If cheating behavior causes losses to the organizer, the organizer reserves the right to pursue legal action;

  i. At the end of the campaign, users with positive yield challenging the TOP 3 global cumulative returns are required to cooperate with the organizer's promotional activities, including being interviewed by Moomoo, recording the winning video and delivering a winning speech. Users are required to sign an authorization form agreeing that Moomoo will use the relevant materials for brand promotion within the period of time.

  j. 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;

  k. 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;

  l. Some prizes for this activity are provided by third-party merchants (including items redeemed in the mall using points). Once the prize is collected, it cannot be returned or exchanged. The use of prizes is subject to the merchant's relevant terms. The winner shall bear all applicable taxes, fees, additional charges, and/or foreign customs duties (if any). In case of any issues with the prize, please contact the relevant merchant directly. The organizer assumes no legal responsibility;

  m. 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;

  n. 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;

  o. Before redeeming the Trading Coupons distributed in the redemption activities, winners must open a corresponding universal account with Moomoo in the relevant market to receive the corresponding rewards;

  p. 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;

  q. The organizer reserves the right to modify or cancel the activity process, rules, rewards,, 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;

  r. 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;

  s. The organizer may use your achievements and relevant personal information in promotional materials in connection with this competition, including but not limited to your name, portrait, or voice (except where prohibited by law);

  t. 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;

  u. This promotion does not constitute an offer, solicitation, advice, opinion, or any guarantee of securities, financial products, or instruments.

  v. The organizer reserves the final decision-making power on any disputes related to this activity;

  w. All amounts in the rules for this promotion are in U.S. dollars.

  x. 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.

  y. This offer is limited to one reward per new account, with no more than one account enrolled per person.

  z. 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.

aa. If you have any questions, please contact us via “Me” ‒ “Customer Service” in Moomoo App.