Moomoo consistently offers one of the best free stock bonuses. Their current offer runs through December 31, 20022, and allows you to earn up to 20 free shares valued between $3 and $2,000 each.
To earn the Moomoo free stock bonus:
- Sign up for Moomoo via this link to get one free share (no deposit required). Make sure to complete the entire registration process. Once you complete the account verification steps, you’ll be given one free share of stock.
- Make a $100 deposit to get nine additional shares.
- Make a $2,000 deposit to get 10 additional shares.
- Keep your deposit in your account for at least 60 days. Your average daily balance must be $100 or $2,000 (depending on how much you deposited) for 60 days to unlock these additional bonus shares.
Moomoo Free Stock Offer Summary
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 looking for advanced research and analysis tools. You can learn more in our Moomoo review.
The current offer for up to 20 free stocks is one of the most generous free stock bonuses, especially considering that the free share values range from $3 up to $2,000.
Here are the probabilities of getting different values of stock:
- $3 – $9.99: 75%.
- $10 – $99.99: 14.9%.
- $100 or more: 0.1%.
Moomoo doesn’t offer fractional share investing, so each bonus share is one whole share of a company.
When testing a separate Moomoo free stock offer (which allowed me to earn five free shares for depositing $2,000), I was given the following:
|Symbol||Company||Quantity||Value of Each Share|
Earning a total of $62.52 for a deposit of $2,000 would put this offer near the top of the best cash brokerage bonuses. The fact that this offer has increased since I earned those five shares makes it even better — and a great deal for anyone interested in testing out the Moomoo platform.
Moomoo Free Stock Offer Fine Print
Here are a few things to be aware of:
- This offer is for new Moomoo users only. If you already have an account, you’re not eligible.
- The deposit must be made within the promotional period. As transfers take a few days to process, you’ll have to sign up before the offer expires to ensure your deposit hits prior to the deadline.
- Lump sum deposits are not required. You need to hit an average account balance of $100 or $2,000 to get the additional shares for 60 days following the day you get your first free stock.
- You need to manually redeem your bonus. The free shares aren’t automatically added to your account. To claim them, navigate to the “Welcome Bonus” section of the app and press “Draw.” A push notification will also be sent reminding you to claim your shares.
Moomoo Free Stock Promo FAQs
Stocks are deposited in your account within four trading days. However, they’ll show as pending for 60 days total, as you’ll need to maintain the minimum deposit during this time. Your first free share, which does not require a deposit, will be available within four trading days.
Moomoo doesn’t charge an account fee and there are no withdrawal fees.
Moomoo closed its referral program in March of 2022. We’ll update this article if the program is reinstated.
Moomoo vs. Webull Free Stock Offer
Webull is another free online trading platform that offers free stocks. Its current offer is as follows:
- Get two free shares of stock for opening an account (no deposit required).
- Deposit any amount to get 4 to 10 additional shares.
- There’s a 98% chance you’ll receive four shares, a 1.8% chance you’ll receive eight shares, and a 0.2% chance you’ll receive 10 shares.
Here are the probabilities for different values of stocks in the current Webull promotion.
For the two free shares you get for opening an account:
|$3 to $10||98.0392%|
|$10 to $50||1.9001%|
|$80 to $100||0.0900%|
|$100 to $300||0.0001%|
For the additional shares 4 to 10 shares you get after making a deposit:
|$7 – $30||98.0392%|
|$100 – $999||0.0900%|
|$1,000 – $3,000||0.0001%|
Learn more about the platform in our Webull review.