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Moomoo Referral Bonus – Get 20 Free Stocks + $60K Sweepstakes

Sign up with our exclusive Moomoo referral bonus link and get up to 20 free shares of stock and 1 entry to win the $60,000 holiday sweepstakes. This is 18 more stock shares than you’d normally get with a standard referral offer.

This promo is available for US residents only. For Singapore or Australian residents, please use your specific country’s promotional link found in this post.

Full details of the Moomoo free stock offer promotion below!

This post may contain affiliate links, meaning I get a commission at no cost to you if you decide to make a purchase through my links. Visit this page for more information. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.

NEW MOOMOO USER BONUS
Earn 20 FREE stocks when you sign up with this link.

About Moomoo

Doesn’t it feel like just yesterday when Robinhood was the only game in town? They disrupted the traditional business model of trading stocks with their zero commission fee structure.

Back then well-known brokerages were charging $10-$50 to buy and sell stocks. The high trading fees discouraged the middle-class from investing. Now, commissions for the most part are a thing of the past thanks to fee-free brokerage apps like Robinhood, Webull, and Moomoo.

Moomoo sets itself apart from its competitors because not only does it offer fee-free trading like other stock apps, they also provide users the ability to see real-time data such as live buying and selling of stocks. This Level 2 data is rare to get for free.

Moomoo Referral Bonus – 20 Free Stocks Offer

New Moomoo users can get up to 20 free stocks when they use our exclusive referral bonus link below to open an account. Plus for a limited time, you can get 1 entry to the holiday sweepstakes.

Normal referral links only get 2 free stocks, but thanks to The Money Ninja’s partnership with Moomoo, readers will get 10x that amount of free stocks worth up to $2,000 each:

Action RequiredStock Reward
Open a Moomoo account1 Free Stock ($3 – $2,000)
Deposit $100 or more9 Free Stock ($3 – $2,000)
Deposit $2,00010 Free Stocks ($3 – $2,000)
1 Entry to Sweepstakes

You’re 100% guaranteed to win free stocks worth at least $60. Stocks are randomly selected through a lottery drawing.

You must use our exclusive link in order to get the higher referral bonus (no referral code is necessary). Signing up directly through Moomoo or other non-partner channels will provide you with the standard two free stock bonus.

For Singapore residents, please use this link. For Australian residents, please use this link.

How To Get Free Stocks

  1. Sign up for a Moomoo account to get 1 free stock.
  2. Deposit a total of $100 or more and get 9 extra free stock.
  3. Deposit a total of $2,000 or more to receive an additional 10 free shares of stock and 1 entry to the Holiday Magic Sweepstakes.

To deposit money into your account, click the “Trade” icon at the bottom menu of the Moomoo app, tap the “Deposit” button, and follow the bank ACH or WIRE on-screen directions:

Moomoo Referral Bonus: Deposit Icon
(Screenshot of Moomoo app)

Moomoo uses Plaid to connect to your bank account securely. Plaid is a technology platform that’s companies use to keep you safe. You can read more about Plaid here.

Moomoo Referral Program

Once you have your own Moomoo stock account, you can take part in their referral program and earn even more free stocks!

They launched a new referral program called Moomoo Ambassador in June 2021 which is even more rewarding than before.

You’ll get free stocks for every person you refer. If you refer enough people, you’ll be upgraded to a higher Ambassador level where you’ll get more free stocks per referred person.

Moomoo Ambassador Levels:

  • Level 1: Upgrade to level 1 by inviting 1 new user and you’ll get 1 free stock for your 1st referral.
  • Level 2: Upgrade to level 2 by inviting 2 new users and you’ll get 2 free stocks per referral for your 2nd – 10th referrals.
  • Level 3: Upgrade to level 3 by inviting 11 or more users and you’ll get 3 free stocks for each referral after the 10th referral.

Referral means a new Moomoo user who uses your referral code or link, opens an account, and deposits $100 or more.

To count towards the free stock rewards under this referral program, the people you invite must use your referral code or referral link.

How To Refer Friends:

  1. Tap the “Me” icon at the bottom right-hand corner of the Moomoo app.
  2. Tap “Invite Friends” to find your referral code or generate a new code.
  3. Share your referral code or referral link to friends and family.
  4. Receive free stocks once your friend joins Moomoo and deposits $100 within 90 days of account opening.

Here’s a screenshot of the ‘Me‘ page showing the location of the ‘Invite Friends‘ button. Click this to transfer to the section where you can get your unique referral code and links:

Moomoo Referral Bonus: Invite Friends menu
(Screenshot of Moomoo app)

How To Redeem Free Reward Stocks

After you make a successful referral, it’s time to find out what your free stocks are!

Go back to the ‘Me‘ section mentioned in the previous section and click on ‘Promotions‘. Here, you can claim free stocks you received from the welcome bonus or referral bonuses.

Moomoo Promotions: Redeem Free Stocks
(Screenshot of Moomoo app)

On the following screen, click ‘Claim‘ to bring up the gumball machine where you’ll draw your free stocks:

Moomoo free stock rewards
(Screenshot from Moomoo app)

Now, simply tap the gumball machine and it will randomly give you a free stock from its inventory. Remember that you’re 100% guaranteed to win free stocks. What stocks you’ll get are randomly selected through a lottery drawing with the following odds:

  • 1 in 250 chance to win Tesla (TLSA), Netflix (NTLX), Apple (APPL), Facebook (FB), or Adobe (ADBE)
  • 1 in 100 chance to win Disney (DIS), Microsoft (MSFT), Starbucks (SBUX), IBM (IBM), or Coca-Cola (KO)
  • 1 in 1.04 chance to win stocks valued between $4-$15
Moomoo free stock draw
(Screenshot from Moomoo app)

A notification will pop up and let you know what you’ve won. For example, I received a free stock worth over $30:

Moomoo free stock award
(Screenshot from Moomoo app)

Other Free Stock Offers:

BrokeragePromotionLink
Webull logo12 Free StocksLink
Moomoo logo20 Free StocksLink
SoFi logo1 Free Stock ($25)Link
Public logo1 Free Stock (Up To $500)Link
TradeStation logo$150 Cash BonusLink
TradeUP$60 BonusLink
M1 Finance logoUp to $500Link
Robinhood logo1 Free Stock (Up To $225)Link
tastyworks logo$250 Stock BonusLink
Acorns logo$10 Cash BonusLink

The Bottom Line

I love competition because companies fight to get our business. Most of these stock apps like Moomoo are referral bonuses that offer free stocks with relatively easy requirements.

Since these apps aren’t credit card products, it doesn’t really matter how many stock accounts you open. They won’t affect your credit score. You don’t even have to keep all of them active if you’re doing this solely for the free stocks.

The lottery draw for the Moomoo free stocks is more likely to give you a stock value on the lower end of the range, but you could get lucky and receive a big one.

I recently opened an account and received a share of SunPower (SPWR), two shares of General Electric (GE), and a share of Ford (F). All together, the stocks are worth $72! For readers considering opening an account, thank you for using my referral link and supporting the site.

Want to get more free shares of stock? Here are other stock apps that give you free shares of stock.

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