Moomoo Launches Global Paper Trading Challenge with Cash Prizes

Moomoo has officially launched its first-ever Global Paper Trading Challenge on October 14th, offering traders the opportunity to participate in a risk-free competition. The five-week competition invites participants from the US, Canada, Australia, Singapore, Malaysia, Japan, and Hong Kong to trade US stocks and ETFs in a risk-free environment using simulated trades. Real-time market conditions and quotes will be provided, offering an authentic trading experience without financial risk.

To enhance the learning experience, participants will have free access to Nasdaq TotalView, courtesy of Moomoos strategic partner, Nasdaq. This advanced market data platform, combined with professional-grade tools, market insights, and well-designed online investment courses, will help traders sharpen their strategies. In addition, participants can benefit from the opportunity to engage with fellow investors globally, exchanging ideas and improving their knowledge of the markets.

Moomoo‘s Vice President of Strategy, Justin Zacks, highlighted the company’s mission to make smarter investing more accessible. He explained that the paper trading challenge is designed to offer retail investors an unmatched experience, leveraging Moomoos resources and its partnership with Nasdaq. This initiative allows investors of all levels to test strategies, gain real-time feedback, and grow their investment knowledge in a collaborative, risk-free environment.

As part of the challenge, Moomoo is offering weekly cash rewards. A pool of USD 20,000 will be available each week, distributed among participants who achieve positive investment returns. Over the course of five weeks, the total prize pool will reach USD 100,000. For Japanese participants, those with positive weekly profit/loss percentages will be rewarded with JPY 200.

Brandon Tepper, Senior Vice President and Global Head of Data at Nasdaq, expressed Nasdaq‘s support for the challenge, emphasizing how Nasdaq TotalView provides transparency and greater access to U.S. markets for Moomoo’s clients and participants. He wished all participants the best of luck and encouraged them to enjoy the trading experience.

In addition to weekly prizes, the top three traders with the highest cumulative returns across all regions will receive significant cash rewards. The global first-place winner will be awarded USD 10,000, with the second- and third-place winners earning USD 3,000 and USD 1,000, respectively. Furthermore, these top traders will be invited to appear in a video broadcast on the iconic Nasdaq Tower in Times Square, New York, as part of a celebration of their achievements.

With this challenge, Moomoo aims to foster a community of traders who can exchange ideas and learn from one another, all while gaining practical experience in trading U.S. stocks and ETFs. The event reflects the company's mission to make smarter investing accessible to everyone.