Moomoo Launches Virtual Stocks Competition During Financial Literacy Month

Rhea-AI Summary

Moomoo, a financial services platform, announced their virtual paper trading competition running from April 1 to April 30, 2023, as part of Financial Literacy Month. Participants can engage in simulated trading using $100,000 in virtual funds, allowing them to practice trading strategies without financial risk. To participate, users must download the moomoo app and register for the competition. The top 20 performers will receive cash coupons and all participants can access a one-month free trial of Benzinga Pro. Moomoo, a subsidiary of Futu Holdings Limited, aims to enhance financial education for its users.

Positive

• Engagement in financial literacy through a paper trading competition enhances user interaction and education.
• Provision of $100,000 in virtual funds allows users to practice trading without real financial risk.

Negative

• None.

Join moomoo's paper trading competition during the month of April.

PALO ALTO, Calif., April 10, 2023 /PRNewswire/ -- Moomoo, a tech-driven financial services platform offering professional trading tools and an engaged social community, announces its virtual paper trading competition as part of its Financial Literacy Month activities in April.

Paper trading simulates trading by utilizing virtual funds allowing investors to practice different strategies without risking real money. The competition launched on April 1, 2023, with the first day of simulated trading starting on April 3^rd and will officially close on April 30^th.

Details:

• Participants must download and register for the moomoo app
• Participants must register for the Financial Literacy US Stocks Paper Trade competition
• The competition is for US stock trading only
• Each participant will receive initial assets for US $100,000 in virtual funds
• Participants can join at any point during the month of April and must complete at least one trade to qualify

"Financial education is a pillar of our trading platform. We believe that everyone should have access to educational materials that provide people with the ability to gain knowledge to make financial decisions," states Justin Zacks, VP of Strategy, Moomoo Technologies Inc. "This paper trading competition gives people an opportunity to practice buying and selling US stocks without the risk of using their own money, while providing a community to share ideas and learn from other participants."

The top 20 participants at the end of the competition will be awarded cash coupons. Each participant will be eligible for a one-month free trial of Benzinga Pro.

Terms and conditions apply, for more information, visit: https://j.moomoo.com/00x305

About Moomoo

Moomoo is a next-generation one-stop digital financial services platform created by Moomoo Technologies Inc., a fintech company based in Palo Alto, California.

Moomoo integrates trading, market data, and social networking with advanced features, such as AI-powered analytics and anomaly detection functions. It supports online account-opening and provides access to trade stocks and ETFs in multiple global markets such as the United States, Hong Kong SAR, Singapore, and Australia. Moomoo and its brand affiliates also offer rich financial education content and an interactive online community with over 19 million users in more than 200 countries and regions globally. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC.

Moomoo's parent company is the Nasdaq-listed fintech company Futu Holdings Limited ("Futu"), which is headquartered in Hong Kong SAR. Futu's subsidiary is also one of the largest brokerages in Hong Kong SAR. On March 8, 2019, Futu was listed on Nasdaq (stock symbol: FUTU). 

Benzinga is not affiliated with the moomoo app, Moomoo Financial Inc., Moomoo Technologies Inc., or its affiliates.

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SOURCE moomoo

FAQ

What is Moomoo's paper trading competition about?

Moomoo's paper trading competition allows participants to trade using virtual funds to practice trading strategies during April 2023.

When does Moomoo's paper trading competition take place?

The competition runs from April 1 to April 30, 2023.

How much virtual money do participants receive in Moomoo's competition?

Each participant receives $100,000 in virtual funds.

What are the prizes for the top performers in Moomoo's trading competition?

The top 20 participants will receive cash coupons.

How can participants enter Moomoo's virtual trading competition?

Participants must download the moomoo app and register for the Financial Literacy US Stocks Paper Trade competition.