Moomoo Referral Bonus – Get 7 Free Stocks or 1.5% Cash Reward

Sign up with my exclusive Moomoo referral bonus link and get your choice of 7 free fractional shares of stock when you deposit at least $100 or 1.5% cash reward based on the amount of your transferred assets.

The seven shares are from the “Magnificent 7” group (comprised of Microsoft, Tesla, Nvidia, Alphabet, Amazon, Meta, and Apple) with a $35 total value. The 1.5% cash reward is calculated from assets transferred to Moomoo for the first time. The bonus is capped at $300 (1.5% on a maximum $20,000 transferred).

For Canadian, 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.

Moomoo Sign-up Offer – 7 Free Stocks or 1.5% Cash Reward

Join Moomoo and get a bonus of your choice when you use my link below to open an account. Get either 7 free stocks or 1.5% cash reward thanks to The Money Ninja’s partnership with Moomoo:

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

Sign-up Bonus Details

For Deposit Bonus (Free Fractional Shares of “Magnificent 7 Stocks”):

Complete a net deposit of $100 during the promotion period, and you will receive 7 sets of fractional shares of the following 7 stocks:

  • Microsoft (NASDAQ: MSFT)
  • Apple (NASDAQ: AAPL)
  • Nvidia (NASDAQ: NVDA)
  • Amazon (NASDAQ: AMZN)
  • Alphabet (NASDAQ: GOOG)
  • Meta Platforms (NASDAQ: META)
  • Tesla (NASDAQ: TSLA)

The value of fractional share holding for each 7 stock is worth $5 as of the closing price on March 14, 2024 ET. After you successfully receive free fractional shares during the promotion period, then maintain the average asset balance for 60 days, your free fractional shares will get
unlocked automatically.

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 deposit icon
(Screenshot of Moomoo app)

Moomoo uses Plaid to connect to your bank account securely. Plaid is a technology platform that many companies use to securely connect to customer bank accounts. You can read more about Plaid here.

For Cash Rewards (Transfer-In Bonus):

Transfer stocks, certain options, ETFs, and cash to MFI during the Promotion Period from an account at one of the following broker-dealers: Robinhood, Webull, TD Ameritrade (including ThinkorSwim), Interactive Brokers, Fidelity, E Trade, Cash App, Charles Schwab, Ally Invest, Firstrade, or Merrill Lynch (“Eligible Assets”). Transfers from other broker-dealers are not eligible for this Promotion.

A 1.5% match of the first transfer amount (applies to the initial $1 to $20,000 transferred
amount only). The match will be given as a “Cash Reward”. The cash reward will be credited to your Moomoo Financial Inc. brokerage account within 10 business days after the end of the promotional period.

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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 commission-free brokerage apps like Robinhood, Webull, and Moomoo.

Moomoo sets itself apart from its competitors because not only does it offer commission-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 Program

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

Become a Moomoo Ambassador and light up the Ambassador Badge by sharing your referral link with friends. If they open a Moomoo brokerage account using your link and deposit $100, the Ambassador Badge will light up and you’ll become a Moomoo Ambassador.

You’ll get free stocks for every person you successfully 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.

A successful 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: Invite Friends menu location to earn referral bonus
(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)

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!

The current Moomoo promotion is arguably more lucrative for new customers. Want to get more free shares of stock? Here are other stock apps that give you free shares of stock.

Disclosures: Moomoo is a financial information and trading app offered by Moomoo Techonologies Inc. Securities are offered through Moomoo Financial Inc., Member FINRA/SIPC. The creator or third-party publisher is a paid influencer and is not affiliated with Moomoo Financial Inc. (MFI), Moomoo Technologies Inc. (MTI) or any other affiliate of them. The experiences of the influencer/publisher may not be representative of the experiences of other moomoo users. Any comments or opinions provided by the influencer/publisher are their own and not necessarily the views of MFI, MTI or moomoo. Moomoo and its affiliates do not endorse any trading strategies that may be discussed or promoted herein and are not responsible for any services provided by the influencer/publisher. This advertisement is for informational and educational purposes only and is not investment advice or a recommendation to engage in any investment or financial strategy. Investing involves risk and the potential to lose principal. Investment and financial decisions should always be made based on your specific financial needs, objectives, goals, time horizon and risk tolerance. Any images shown are strictly for illustrative purposes. Past performance does not guarantee future results.

About John Pham

John Pham is a personal finance expert, serial entrepreneur, and founder of The Money Ninja. He has also been fortunate enough to have appeared in the New York Times, Boston Globe, and U.S. News & World Report. John has a B.S. in Entrepreneurship and a Masters in Business Administration, both from the University of New Hampshire.

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