Moomoo is currently offering new users two generous promotions.
Depending on your initial deposit or transfer amount, you can receive:
- Deposit Bonus. When you deposit $100 or more, you can get seven free fractional shares of the “Magnificent 7” stocks (Microsoft, Apple, Nvidia, Amazon, Alphabet, Meta and Tesla). Each fractional share is worth $5.
- Transfer Bonus. Receive a cash reward equal to 1.5% of your first transfer, up to $300 for a $20,000 transfer.
Here are the key things to keep in mind when it comes to Moomoo’s welcome bonus:
- One bonus per customer: You can only receive one type of bonus (transfer-in or deposit).
If you choose the deposit bonus and receive free fractional shares, here’s what you need to know:
- Your free shares will be “Frozen” for 60 days after you claim them. During this time, you need to keep your average account balance at or above $100 to unlock the shares for trading. If you take money out of your account and your balance goes below $100, you won’t be able to claim the stocks once the holding period is up.
- After you claim the bonus and keep your average balance at the right level for 60 days, your free fractional shares will appear in your account within five trading days. Once they’re in your account, you can trade or cash out.
If you opt for the transfer bonus and receive cash rewards:
- You must keep the assets you transferred in your Moomoo account for 90 days. You can trade the assets you transferred during this time, but if you withdraw or transfer the funds from your account, you won’t be able to unlock the rewards. If you transferred over $20,000, you only need to keep the first $20,000 in your account for 90 days.
Moomoo is a fast-growing, commission-fee brokerage with no account fees or minimums. It’s a good long-term fit for active stock traders seeking advanced research and analysis tools. You can learn more in our Moomoo review.
Moomoo Free Stock Promo FAQs
Stocks are deposited in your account within five trading days. However, they’ll show as pending for 60 days total, as you’ll need to maintain the minimum deposit during this time.
Moomoo doesn’t charge an account fee and there are no withdrawal fees.
Yes, through the Moomoo Ambassador Program, existing account holders can earn cash rewards by referring new users to Moomoo. By sharing a unique referral link, ambassadors are eligible to receive a $60 cash reward for each new user who opens a brokerage account and deposits at least $100. Should the referred user deposit $5,000 or more, the reward increases to two $60 cash rewards.
Moomoo vs. Webull Free Stock Offer
Webull, a similar commission-free online trading platform, offers up to 75 free shares valued between $3 and $3,000 to US residents.
- Depositing between $0.01 and $500 will earn you three fractional shares of stock, each worth up to $3,000.
- Depositing between $500 and $24,999 will earn you 30 fractional shares of stock, each worth up to $3,000.
- Depositing over $25,000 will earn you 75 fractional shares of stock, each worth up to $3,000.
Although the odds of getting a stock valued at $1,000 or more are slim (0.0001%), free shares are available five business days after deposit clearance with no required holding period.
This platform is especially suited for beginners interested in actively trading stocks, with features such as fractional shares, a paper trading platform, and advanced analytical tools.
Learn more about the platform in our Webull review.
Final Thoughts on the Moomoo Free Stock Offer
Moomoo consistently offers one of the best free stock offers available. If you’re looking for a brokerage app with similar features to advanced desktop trading apps, Moomoo is a solid choice.
