Update 7/3/23: Extended until July 16.
Comments are now closed to prevent referral abuse. You can DISCUSS THE DEAL in this linked post. Do not share your referrals in that post.
Update 6/18/23: Signup offer is now $100 + a share of TSLA or GOOG + 15 stocks when depositing $5,000 for 60 days. Details here. There’s also a referral offer whereby the referrer gets $300 and the new member gets $50. That’s in addition to the other bonuses. So it should land up around $320 if you get the Google stock or around $460 if you get the Tesla stock. I’m not sure how it gets decided which you get. (Hat tip to readers Lindsay and Shawn) Readers say it’s best to open the referral link on a mobile device, not on a PC.
Update 4/5/23: Sign up and get up to 15 stocks worth $3 – $2,000
Open account, get one free stock
$100 – $999.99, get five free stocks
$1,000+ and get 15 free stocks.
Update 11/26/21: You currently get five free stocks and one share of $LCID worth $~51. LCID is awarded after depositing $100+. The other stocks are based on the following:
Open brokerage account to get 1 free stock worth $3-$3,500.
Deposit any amount to get 1 free stock worth $9-$3,500.
Deposit $2,000 to get 3 extra free stocks worth $9-$3,500 each.
Person referring you also gets one LCID share.
Hat tip to reader Matt I
Update 1/30/21: You can now get up to eight stocks:
When you open an account and your net deposit reaches $100, you will get 2 free stocks up to $200.
When your net deposit reaches $1500, you will get 2 extra free stocks up to $1000!
When your net deposit reaches $5000, you will get 4 extra free stocks up to $1000!
Update 3/4/2020: You can now get up to three freebies:
Sign up for a new account and get a stock worth $4 – $200
Make your first deposit of $500+ and get another stock worth $10 to $1,000
Transfer $3,000+ worth of stocks to Moomoo before March 10th and get a free stock card worth $100
Hat tip to DDG
Update 11/6/19: Deposit bonus is back, you get another free stock when you deposit $100+ and keep it for 30 days. Valid until 12/9/19. Hat tip to reader Brian C
Update 8/26/19: Deposit bonus no longer being offered
[Update 7/18/19: They now are offering (YMMV?) to get another free stock when you invest $100 and keep it there for 30 days. You can access this in the moomoo app by going to the ‘Me’ tab, then ‘Deposit Bonus’. (ht Ryan Goldstein)
The Offer
Moomoo is a new app that lets you trade U.S. Stocks, ETFs, ADRs, and Options with no commission fee. When you sign up for a Futu trading account in app you’ll also get a free stock worth $3-$200, you can also refer friends and you’ll both receive a stock worth $3-$200 when they sign up for an account.
Our Verdict
This does have SIPC insurance. Personally I don’t think it’s worth giving all these apps personal information like this for what will likely be $3 but others might disagree. Feel free to share your referrals in the comments below, but only leave your link once.
Hat tip to Maximizing Money