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Moomoo is a new commission-free brokerage offered by Futu Inc. It is currently offering two free stocks to new users.
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Moomoo Free Stocks (Up to $2,000)
April 1 through April 30, Moomoo is giving away five to fifteen free stocks when you sign up with our Moomoo Free Stock Link.
You will receive your free stocks from Moomoo depending on how much you deposit:
- You will get your five free stock from Moomoo when you deposit at least $100 into your account within the promotion period and maintain an average assets of more than $100 for 60 days or more to unlock the stocks. The stocks will be valued between $2 and $2,000.
- You will get your ten free stock from Moomoo when you deposit at least $1,000 into your account within within the promotion period and maintain an average assets of more than $1,000 for 60 days or more to unlock the stocks. This stock will be valued between $2 and $2,000.
- You will get your fifteen free stock + 1 free share of Tesla or Google from Moomoo when you deposit at least $5,000 into your account within within the promotion period and maintain an average assets of more than $5,000 for 60 days or more to unlock the stocks.
Important: Unlike the Webull free stock promotion, you do not have to deposit $100 (or $1,500 for the second free stock) all at once. You can deposit little by little and as long as your net deposits — that is, your deposits less any withdrawals — total to $100 or more during the first 90 days you have your Moomoo account, you will qualify for the first free stock. If they total $1,500 or more during the first 90 days you have your Moomoo account, you will qualify for the second free stock.
Get 2 Free Stocks From Moomoo Now
What Are My Odds of Getting a High-Priced Stock?
The free stock(s) you get through Moomoo’s free stock promotion are completely random.
Here are your odds of getting a stock at various price points after your net deposits to Moomoo reach $100 within the first 90 days (Outdated):
- 99.6% chance of receiving a stock worth between $4 and $15. This is a 249 in 250 chance.
- 0.04% chance of receiving a stock worth between $10 and $200. This is a 1 in 250 chacne.
Here are your odds of getting a stock at various price points after your net deposits to Moomoo reach $1,500 within the first 90 days (Outdated):
- 98.8% chance of receiving a stock worth between $10 and $50. This is a 247 in 250 chance.
- 0.08% chance of receiving a stock worth between $50 and $200. This is a 2 in 250 chance.
- 0.04% chance of receiving a stock worth between $200 and $1,000. This is a 1 in 250 chance.
Related: Here are all the companies giving away free stocks right now.
Are Moomoo Free Stocks Taxable?
Yes, you have to report the value of free stocks you received from Moomoo as “Other Income” on your tax return.
Moomoo Referral Program
After opening your Moomoo account to get your own free stocks, you will receive your own referral link to refer others to Moomoo.
After someone you refers reaches each of the deposit hurdles described above within the promo period, both you and they will receive free stocks as described above.
Other Free Stock Apps
In addition to Moomoo, several other investing apps are currently giving away free stocks to new users. We’ve put together the entire list in this article.
| Broker | Bonus | Requirements | Fees | Sign Up |
|---|---|---|---|---|
Must create account | Must create account | None | ||
Must create account | Must create account | None | ||
Must deposit at least $100 | Must deposit at least $100 | None |
Author:
Logan is a practicing CPA and founder of Choice Tax Relief and Money Done Right. After spending nearly a decade in the corporate world helping big businesses save money, he launched his blog with the goal of helping everyday Americans earn, save, and invest more money. Learn more about Logan.
