Moomoo is a new commission-free broker offered by Futu Inc. It is currently offering two free shares to new users.
Moomoo Free Shares (up to $2000)
From November 1st to 30th, Moomoo is giving away five to fifteen free shares when you sign up with us. Moomoo Free Stock Link.
Depending on how much you deposit, you will receive your free shares from Moomoo:
- you will get five free shares from Moomoo when you deposit at least $100 into your account during the promotional period and maintain an average of more than $100 in assets for 60 days or more to unlock the shares. Shares will be priced between $2 and $2,000.
- you will get ten free shares From Moomoo when you deposit at least USD 1,000 into your account during the promotional period and maintain an average balance of USD 1,000 or more for 60 days or more to unlock the shares. This stock will be valued between $2 and $2,000.
- you will get fifteen free shares + 1 free Tesla or Google share From Moomoo when you deposit at least USD 5,000 into your account during the promotion period and maintain an average balance of USD 5,000 or more for 60 days or more to unlock the shares.
Important: Unlike Webbull free stock promotionyou don’t have to invest $100 (or $1,500 for the second free share) at once. You can deposit slowly and as long as your net deposits, i.e. your deposits minus any withdrawals, total $100 or more in the first 90 days of your Moomoo account, you will be eligible for your first free share. If you have a Moomoo account, you’ll be eligible for a second free stock if they spend $1,500 or more in the first 90 days.
Get 2 Free Stocks from Moomoo Now
What are my chances of getting a high-priced stock?
The free share(s) you receive through Moomoo’s free share promotion is completely random.
Once your net deposits on Moomoo reach $100 within the first 90 days, here are your chances to get shares at various price points (obsolete):
- 99.6% chance of getting a share worth 4-15 USD. That’s a 249 in 250 chance.
- 0.04% chance of buying a share worth 10 and 200 dollars. That’s 1 in 250.
Once your net deposits on Moomoo reach $1,500 within the first 90 days, here are your chances to get shares at various price points (obsolete):
- 98.8% chance of getting a share worth 10-50 USD. That’s a 247 in 250 chance.
- 0.08% chance of getting a stock worth $50-$200. That’s a 2 in 250 chance.
- There is a 0.04% chance of buying a stock between $200 and $1,000. That’s a 1 in 250 chance.
Related: Here are all the companies that are currently giving away free stock.
Are Moomoo Free Shares Taxable?
Yes, you must report the value of the free shares you receive from Moomoo as ‘Other income’ on your tax return.
Moomoo Referral Program
after Open your Moomoo account You will receive your own referral link to refer others to Moomoo to get your own free shares.
Once someone you refer reaches each of the deposit hurdles described above during the promotional period, both you and they will receive free resources as described above.
Other Free Foundation Programs
In addition to Moomoo, several other investment apps are currently giving away free shares to new users. We have put together the entire list in this article.
