Moomoo Paper Trading Competition

Moomoo has formed a strategic partnership with Nasdaq to jointly launch the first global Moomoo options paper trading competition. From 1/13 to 2/7, use Moomoo paper trading to join the options paper trading competition, experience a realistic US stock options market trading environment, and compete alongside Moomoo’s 24 million users worldwide. It’s a gamified way to learn and practice options investing with 0 loss, helping you build options trading experience and better position yourself for future growth opportunities and potentially higher returns in US stock options.

Moomoo is offering extra account-opening rewards for this site’s readers. Open an account now and you can get up to 15 shares, plus earn 8.1% APY on cash for three months. This offer expires on March 31, 2025.

The options paper trading competition combines a return contest and a leaderboard contest and runs for 4 weeks.

  • Weekly prizes: The top 3 participants with the highest cumulative weekly returns will receive stock cash coupons worth $300, $200, and $100, respectively.
  • Overall prizes: The top 3 participants on the total return leaderboard for the full competition will receive physical prizes: MacBook Pro, iPhone 16 Pro, and Apple Watch Series 10, respectively.
  • Broad-participation prize: Participants who make simulated options trades during the competition and achieve a return greater than 5% will share $6,600 worth of stock cash coupons (which can be used for options trading).

Schedule: The competition officially starts on January 13, 2025, and ends on February 7, 2025.

For beginner investors: Moomoo provides more than $200,000 in virtual funds so you can experience a realistic options market trading environment without taking any real asset loss. The paper trading process mirrors real-time market conditions, allowing you to gain practical US stock options experience at 0 cost and learn from top Moomoo traders around the world. On Futu Moomoo, the paper trading feature requires no subscription fee, no Pro membership, and no minimum deposit. It is completely free to use.

For more advanced investors: Futu Moomoo’s paper trading can help investors get familiar with Moomoo’s market data and trading functions, test ideas, explore new trading opportunities, and validate different trading and investing strategies—such as options combination strategies—without taking on corresponding asset risk. It can also help users review trading information and statistics so they can better understand the risk level of different strategies and improve risk control and win rates.

Overview of Futu Moomoo’s Options Trading Features

Moomoo paper trading has many advantages, especially for options paper trading.

For experienced options traders

Options chain: Tired of 15-minute quote delays? Moomoo’s options chain offers new users a limited-time free real-time options quote service with zero delay instead of a 15-minute lag. Real-time quotes help you respond to market changes quickly, which is a major advantage for traders. Moomoo’s options chain also uses a T-shaped layout that lets you quickly screen calls and puts in one interface, with comparisons across 15 metrics such as time value, breakeven point, and probability of profit, helping investors compare options value more efficiently and improve trading efficiency.

Unusual options activity: Want to track institutional-sized options strategies and improve your odds? Moomoo’s unusual options activity feature helps surface potential opportunities. Unusual activity refers to sudden abnormal changes in trading volume for a specific option, which may reflect market expectations from multiple participants, including large investors. By tracking unusual options activity, investors can follow the moves of institutions or so-called smart money, gain insight into options strategies, anticipate possible trends, and uncover more investment opportunities.

Options screener: Want to quickly find options with investment potential? Moomoo’s options screener supports more than 65 screening factors to help users efficiently identify target contracts. Whether you are screening by stock criteria or options criteria, Moomoo’s screener can help you narrow down potentially more attractive options candidates.

Options seller hub: When implied volatility is elevated and you want to collect more premium, Moomoo’s options seller hub can help you screen for suitable bullish or bearish selling strategies. This proprietary feature helps you find stock options with high implied volatility and supports cash-secured puts and covered calls. You can filter by stock, underlying, earnings release time, implied volatility, and more to find suitable options-selling strategy combinations, sort by premium, and review data such as return, probability, and annualized return.

For beginners:

Paper trading: Experience real-time options trading with 0 risk. With Moomoo’s paper trading feature, you can get $1,000,000 in virtual funds for options trading. You can experience real-time market conditions without taking any trading risk or principal loss. Moomoo offers this completely free, making it ideal for beginners to practice options trading and test different strategies.

Options wizard: 0 learning cost for beginners and a faster way to understand options strategies. Options strategies can feel complex to new users. With Moomoo’s options wizard, you simply choose your market outlook, and the system will automatically recommend beginner, intermediate, or advanced options strategies. Each strategy’s breakeven point and profit/loss range are presented visually so you can make trading decisions more quickly.

Options combination strategies: Flexible trading across 13 options strategies with one-click order entry. Moomoo offers 13 common options strategies to choose from. You can quickly review each strategy and build option combinations based on your needs. By sliding across the screen, you can view profit/loss analysis, including payoff and probability, at a glance. This makes risk control easier, helps you see profit potential quickly, and supports faster stop-loss decisions. Once you choose a strategy, you can place the trade with one click.

Options calculator: No manual math needed—quickly see future theoretical prices and identify potential entry or exit timing. With Moomoo’s options calculator, you do not need cumbersome calculations or complex formulas to estimate theoretical pricing. With a few taps, you can view an option’s future theoretical price and assess whether the current price appears reasonable. You can adjust expected stock price and date at any time, and by dragging the date line in the calculator, quickly compare theoretical prices across different dates to help choose a better closing time. If the market moves against you, this feature can also help you estimate theoretical pricing in advance so you may be able to close the position more efficiently and control losses.

Low Fees

Skip complicated funding steps and high fees—choose Moomoo!

Lower trading costs compared with traditional brokers: $0 options commission and $0 contract fees for US stock options. For each round-trip trade of 1 options contract, you save $1.3 in contract fees (counting both buy and sell sides), helping keep trading costs at 0 and preserving more of your returns.

Very low margin rates: Enjoy one of the industry’s lowest margin rates at just 6.8%, reducing leverage costs.

Earn on idle cash 24 hours a day: With the Moomoo Cash Plus program, you can enjoy a high 8.1% annualized yield, earn even when you are not trading, pay no management fees, deposit and withdraw flexibly, avoid currency conversion, and have trades settle automatically.

Futu Moomoo and Account Opening Bonus

Moomoo is Futu’s investing app in the US, and its brokerage entity is Futu Inc. It is a properly licensed US broker-dealer and a member of SIPC and FINRA. In addition to commission-free stock trading, Moomoo also offers free Level 2 market depth data. Based on my own experience, the platform is quite good overall, with many professional-grade features and a user-friendly interface. Moomoo is offering extra account-opening rewards for this site’s readers. Open an account now and you can get up to 15 shares, plus earn 8.1% APY on cash for three months. This offer expires on March 31, 2025.

Risk Disclosure

This article is about the Moomoo trading app from Moomoo Technologies Inc. (“MTI”). Except for this advertisement, other content has not been reviewed by MTI or its affiliates for completeness or accuracy. Any opinions expressed are solely those of the independent influencer/creator and do not represent the views of MTI or its affiliates.

Options trading involves substantial risk and is not suitable for all investors. Investors must read Characteristics and Risks of Standardized Options before engaging in any options trading strategy (URL: https://i.moomoo.com/017y9]).