Terms & Conditions of Referral Rewards

Promotional period: from 5 September 2022 to 30 September 2022 (both dates inclusive).

Referral Rewards

- Up to 3.0% P.A. interest on uninvested cash balance with 6 currencies to choose from

- Up to HKD $1,000 Wellcome voucher

The Referral Rewards will be rewarded in the specific ways as below

- All interest will be accrued and deposited directly into client's securities account

- Wellcome voucher will be sent by post

Summary of Referral Rewards

1. An existing client (Referrer) of Magpie Securities Limited (the Company) refers a relative or a friend (Referee) to open a Global Margin Account in the Company. The Referee(s) must be new clients who did not have any trading account in Magpie Securities before 5 September 2022.

Reward 1: Up to 3.0% P.A. interest on uninvested cash balance with 6 currencies to choose from

The Referees complete online opening of Global Margin Account and make a one-off initial deposit of at least HKD $30,000 or other currencies amount as stated in Table 2 during the promotional period, the Referrer can unlock up to 3.0% P.A. interest on uninvested cash balance according to the number of referrals as stated in Table 1.

Reward 2: Up to HKD $1,000 Wellcome voucher

The Referees who fulfil the above specified conditions and complete stock trading transactions (regardless of buy or sell) with a total accumulated trading volume not less than HKD $2,500 or its equivalent on or before 30 November 2022, the Referrer can get up to HKD $1,000 Wellcome voucher according to the number of referrals as stated in Table 1.

(Table 1)

Number of referral(s) Task 1 for Referee Rewards for Referrer after Referee completes Task 1 Task 2 for Referee Rewards for Referrer after Referee completes Task 2
1 The Referee needs to successfully open a Global Margin Account and make a one-off initial deposit of at least HKD $30,000 or other currencies amount as stated in Table 2 on or before 30 September 2022 2.0% P.A. interest* on cash balance for the first 3 months then back to 1.5% P.A. interest- The Referee needs to complete stock trading transactions (regardless of buy or sell) with a total accumulated trading volume not less than HKD $2,500 or its equivalent on or before 30 November 2022 HKD $200 Wellcome voucher
2 Same as above - Same as above HKD $100 Wellcome supermarket voucher
3 Same as above 3.0% P.A. interest* on cash balance for 3 months then back to 1.5% P.A. interest - Same as above HKD $200 Wellcome voucher
4 Same as above - Same as above HKD $200 Wellcome voucher

1.1 Refer the 1st relative or friend to successfully open a Global Margin Account and make a one-off initial deposit of at least HKD $30,000 or other currencies amount as stated in Table 2. The Referrer can enjoy 2.0% P.A. interest* on cash balance for 3 months if the Referrer’s cash balance equal to or over HKD $30,000 or other currencies amount as stated in Table 2. If the 1st Referee completes stock trading transactions (regardless of buy or sell) with a total accumulated trading volume not less than HKD $2,500 or its equivalent  on or before 30 November 2022, the Referrer can get HKD $200 Wellcome voucher.

1.2 Refer the 2nd relative or friend to successfully open a Global Margin Account and make a one-off initial deposit of at least HKD $30,000 or other currencies amount as stated in Table 2. If the 2nd Referee completes stock trading transactions (regardless of buy or sell ) with a total accumulated trading volume not less than HKD $2,500 or its equivalent on or before 30 November 2022, the Referrer can get additional HKD $100 Wellcome voucher.

1.3 Refer the 3rd relative or friend to successfully open a Global Margin Account and make a one-off initial deposit of at least HKD $30,000 or other currencies amount as stated in Table 2. The Referrer can enjoy 3.0% P.A. interest* on cash balance for 3 months if the Referrer’s cash balance equal to or over HKD $30,000 or other currencies amount as stated in Table 2. The previous ‘2.0%’ P.A. interest rate will be automatically expired and ‘3 months’ period will be recalculated. If the 3rd Referee completes stock trading transactions (regardless of buy or sell) with a total accumulated trading volume not less than HKD $2,500 or its equivalent on or before 30 November 2022, the Referrer can get additional HKD $200 Wellcome voucher.

1.4 Refer the 4th relative or friend to successfully open a Global Margin Account and make a one-off initial deposit of at least HKD $30,000 or other currencies amount as stated in Table 2. If the 4th Referee completes stock trading transactions (regardless of buy or sell) with a total accumulated trading volume not less than HKD $2,500 or its equivalent on or before 30 November 2022, the Referrer can get additional HKD $500 Wellcome voucher.

1.5 If a Referrer introduces 4 relatives and friends in total to successfully open accounts, but only 3 of the Referees complete the requirements on trading volume, the Referrer can only get HKD $500 Wellcome vouchers in total.

1.6 Interest rates are non-cumulative and capped at 3.0% P.A.

1.7 Total value of the Wellcome voucher that each Referrer can enjoy are capped at HKD $1,000.

*Only Referrers with cash balances equal to or over HKD $30,000 or reach the “Cash balances threshold to get interest” for 6 currencies as stated in Table 2 can enjoy the super preferential interest rate.

Up to 3.0% P.A. interest on uninvested cash balance with 6 currencies to choose from

1. Referrer with HKD $30,000 or above or reach the “Cash balance threshold to get interest” for 6 currencies listed below in the securities accounts can enjoy the super preferential interest rate.

(Table 2)

HKD USD AUD CAD GBP SGD
Cash balance threshold to get interest $30,000 $4,000 $5,500 $5,000 $3,500 $5,500
Maximum interest-earning cash balance $2,000,000 $250,000 $350,000 $325,000 $200,000 $350,000

2. Cash balance refers to: the idle cash balance in the clients' securities accounts, excluding securities value.

3. This offer is only applicable to HKD, USD, AUD, CAD, GBP and SGD.

3.1 Interest will be calculated separately for each of the above currencies, examples are as follows (e.g. 3.0% P.A. interest):

- HKD $30,000 cash balance with 3.0% P.A. interest, i.e. around HKD $225 interest for 3 months (HKD $30,000 x 3.0%/12*3)

- GBP $5,000 cash balance with 3.0% P.A. interest, i.e. around GBP$37.5 interest for 3 months (GBP $5,000 x 3.0%/12*3)

- AUD $3,000 cash balance does not reach the “Cash balance threshold to get interest”, will not receive any interest

3.2 Clients can deposit different currencies and there is a “Maximum interest-earning cash balance” for each currency. Please refer to the table 2 as above for more details.

3.3 If clients buy stocks, the cash balance shown in clients’ securities account will be deducted on that day, but due to different settlement time of different exchanges, the interest will still be accrued on the un-deducted balance on that day, until relevant transactions are officially settled. Likewise, if clients sell stocks, the interest will be accrued on the un-deposited balance on that day, until the transactions are officially settled.

4. “Super Preferential Annual Interest Rate” reward of each tier shall last no longer than 3 months. If the Referrer is eligible to enjoy the 3.0% P.A. interest, the previous 2.0% P.A. interest rate will be automatically expired.

5. Referrer will enjoy the super preferential interest rate starting from the next trading day (HK stock market) after the Referee has completed ‘Task 1’ (Table 1) and the ‘3 months’ will be automatically calculated even if cash balance in Referee’s securities account is less than the “Cash balance threshold to get interest” listed in Table 2.

6. The interest rate rewards that the Referrer can enjoy will be automatically adjusted to 1.5% P.A. on the next trading day after the rewarding period expires until there is any new arrangement which is up to the Company’s discretion.

7. All interest will be accrued daily and deposited into client's securities account on the last trading day (HK stock market) of each month.

8. The Company has absolute discretion to adjust the “Cash balance threshold to get interest”, “Maximum interest-earning cash balance” and annual interest rate offered in response to market conditions and interest rate fluctuations without further notice to clients.

Up to HKD $1,000 Wellcome voucher

1. Referrer will be regarded as ‘Eligible Referrer’ after the Referee has completed ‘Task 1’ and ‘Task 2’.

2. No matter which currencies are used for stock trading, Magpie Securities will calculate whether the HKD$2,500 trading volume has been achieved based on the reference exchange rate of that trading day.

3. The Company will send out an email for reward entitlement to the Eligible Referrer within 14 business days after the Referee has fulfilled the above specified trading conditions (accumulated HKD $2,500 trading volume), together with the ‘Referral Rewards Program Redemption Form’ for the confirmation of the Eligible Referrer’s personal information and correspondence address for receiving Wellcome voucher.

4. The Eligible Referrer shall fill out the ‘Referral Rewards Program Redemption Form’ online within 10 business days after the Company having sent out the email. Otherwise, the Company will use the ‘Current Residential & Correspondence Address’ of the Eligible Referrer as the Wellcome voucher delivery address.

5. The Wellcome voucher will be sent out within 10 business days after the Company receives the filled ‘Referral Rewards Program Redemption Form’. If no email reply received within 10 business days, the Company will send out Wellcome vouchers within 24 business days after having had sent the reward entitlement email.

6. The delivery will be based on the information provided by the Eligible Referrer. The Company will not be responsible for any errors or omissions that lead to the failed delivery, return or loss.

7. The Terms and Conditions of the voucher usage is subject to Wellcome supermarket or their suppliers. It’s not returnable, exchangeable for other gifts, or exchangeable for cash. Magpie will not reissue or replace and will not be responsible for any loss, damage or defacement.

8. Magpie Securities is not a supplier of Wellcome supermarket. If clients have any inquiries or complaints about the voucher, please contact Wellcome supermarket or their suppliers directly. Magpie Securities does not guarantee the quality of voucher and services provided by Wellcome supermarket or their suppliers, nor is responsible for any consequences by using the voucher.

Other Terms and Conditions

  1.   This activity is limited to clients in Hong Kong who must be 18 years old or above.

2. New clients refer to those who have not opened any trading account in Magpie Securities before 5 September 2022.

3. Existing clients refer to all clients who have opened trading account in Magpie Securities. (Including clients who open the account on or after 5 September 2022)

4. Clients who did not renew the Client Securities Standing Authority with Magpie by 1 September 2022 cannot join the program.  

5. If there is any conflict or discrepancy between the Chinese and English versions, the English version shall prevail.

6. Referees need to input the Referrer’s ‘Referral Code’ during online account opening application otherwise Referrer cannot be rewarded. Magpie Securities does not accept phone number or clients account number as the referral reference. The ‘Referral Code’ cannot be modified after the Referee has submitted the account opening application. Referrer can find their exclusive ‘Referral Code’ in Magpie Invest APP – ‘Me’ page and click ‘Invite Friends’ to share the Referral Code.

7. The ‘Magpie Securities 1st Anniversary Bonus - Referral Rewards shall be recalculated from 5 September 2022. The number of Referees before 5 September 2022 will not be accumulated into this promotional program.

8. To receive the offers, the requirements listed above must be fulfilled within the promotional period. For more details, please contact Magpie Securities Customer Service Department via ‘Chat with us’ in the Magpie Invest APP or through hotline: (852) 3588 0489.

9. The Company reserves the right to change, suspend or terminate the above promotional offers and terms and conditions at any time without prior notice to the Client. All are subject to the Company's absolute discretion and interpretation.

10. This promotional offer does not constitute any offer, solicitation, recommendation, advice or any assurance of any securities or financial products. The content of this promotion is provided by the Company, which has not been reviewed by the Securities and Futures Commission.