Moomoo Launches Virtual Stocks Competition During Financial Literacy Month

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 3rd and will officially close on April 30th. 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.