Investing within the inventory market is enjoyable, however you realize what’s much more enjoyable? Getting free shares only for making a brokerage account!
Whereas there are a number of on-line brokerages that supply a free share of inventory for brand spanking new customers, there’s just one that gives a number of shares with minimal necessities. We’re speaking about moomoo.
Moomoo is a digital brokerage and funding platform. It’s registered with the Securities and Change Fee (SEC) and a member of FINRA. That implies that it’s on the extent, absolutely regulated, and protected to make use of.
Security Is essential, however we’re right here to let you know about how one can declare free shares only for creating an account and making a small preliminary deposit. These are actual shares and as soon as moomoo awards them to your account, they’re yours to maintain.
Who doesn’t love free stuff? With moomoo’s Free Inventory Rewards, you possibly can snag free shares simply by taking part of their giveaways. Whether or not you’re simply beginning out or trying to increase your portfolio, it’s a reasonably candy deal. Prepared to assert your free shares?
What Are Moomoo Free Inventory Rewards?
Moomoo affords free inventory rewards for brand spanking new customers. Merely acknowledged, it’s a rewards program that may take a number of kinds. What all of them have in widespread is that they’re free inventory giveaway occasions which are open to new moomoo customers. When you’re a present moomoo consumer however haven’t but made an preliminary deposit to your account, you might also qualify.
Every occasion has its personal distinctive rewards and necessities. The most typical requirement is that you just’ll must make an preliminary deposit, and the minimal is $100.
Earlier than we get into an summary of how one can declare your moomoo free inventory rewards, right here’s an instance of what a selected free inventory giveaway occasion would possibly appear like. In February of 2025, moomoo is giving freely ten free shares valued between $2 and $2,000 to any new consumer or first-time depositor who makes a minimal deposit of $100. Individuals who deposit $2,000 or extra will obtain 25 free shares.
The necessities to assert free shares additionally fluctuate from giveaway to giveaway, however among the commonest necessities embrace making a minimal deposit of $100 and sustaining a $100 common account steadiness for 60 days. After the 60 days are up, you’ll obtain “draw alternatives,” which you should declare and redeem for the free shares in query. The shares you draw are random.
One remaining observe: the shares you obtain are more likely to be fractional shares. Which means you might get a fractional share of a inventory that’s buying and selling at a excessive worth. Right here’s a breakdown of the chances of receiving shares at varied costs.
- 99.559% probability of getting a share price between $2 and $9.99
- 0.4% probability of getting a share price between $10 and $99.99
- 0.041% probability of getting a share price $100 or extra
As you possibly can see, you’re almost certainly to finish up with shares price lower than $10, however that doesn’t imply you gained’t earn a revenue in the long term.
Professional Tip:
Enroll in the present day with Moomoo and get an additional 4% added to your Money Candy program APY (for a complete of 8.1%) for 3 months.
Tips on how to Declare Free Shares on Moomoo
There are two completely different strategies for claiming free shares on moomoo. If you wish to know find out how to declare free shares on moomoo, you’ll must know find out how to declare shares immediately or by way of activity completion.
Direct Claiming
To reap the benefits of immediately claiming your free shares, right here’s what you’ll must do.
- Open a common account. FYI, a common account is one which helps buying and selling shares in numerous markets and with completely different currencies. For instance, you would possibly have the ability to commerce within the US, Hong Kong, and China.
- Select the market the place you wish to declare shares. In different phrases, if you would like shares from the Hong Kong market, you’ll need an account that lets you commerce there.
- Meet some other necessities. Once more, necessities fluctuate from giveaway to giveaway, so we are able to’t let you know precisely what you’ll must do to assert your shares.
We advise direct claiming if you wish to have some management over which shares you get through which market.
Job Completion
When you’re not choosy about which free shares you get from moomoo, then you possibly can go along with the activity completion methodology to get your free shares or fractional shares.
- Create a free moomoo account.
- Learn the small print for the lively inventory giveaway, ensuring you perceive what’s required of you.
- Take the steps required. A few of the commonest duties you’ll want to finish embrace:
- Making a minimal deposit, normally $100
- Sustaining a minimal common steadiness for 60 days
- Making a specified variety of trades
- Claiming your free shares earlier than the promotional interval ends
It’s essential to notice that the promotional intervals typically final about 75 days, so which means you’ll must make your deposit within the first 15 days to have the ability to take full benefit of the giveaway.
The place to Monitor Your Free Shares in Moomoo
When you’ve acquired your free shares from the inventory giveaway on moomoo, you’ll must know find out how to monitor free shares in moomoo.
The very first thing you’ll must know is that it’s important to maintain the moomoo app up to date in your cell system. Chances are you’ll have already got your settings configured to robotically set up updates once they grow to be accessible. When you don’t, you then’ll must manually examine to see if there’s an replace accessible.
When you’ve up to date, comply with these steps to trace your free shares.
- Click on “Accounts” to view your account.
- Click on “Inventory Rewards” to see your free shares. That is the place you possibly can see precisely which shares you’ve been rewarded.
- Click on “Information” to observe the progress of your inventory rewards.
The Information tab will present you the standing of your rewards. What we imply by that’s that you just’ll see what number of days till you obtain your rewards and the standing of any duties you’ll want to finish to assert them.
Professional Tip:
Enroll in the present day with Moomoo and get an additional 4% added to your Money Candy program APY (for a complete of 8.1%) for 3 months.
When Will My Free Shares Seem in My Moomoo Account?
One query we anticipate lots of people might be asking at this level is in regards to the free shares credit score timeline. After you’ve accomplished all duties and claimed your free shares in your moomoo account, when are you able to anticipate these free shares to be credited to your account?
The reply, which we obtained immediately from moomoo, is that moomoo will credit score your free shares to your account inside 5 buying and selling days (T+5) after you’ve formally claimed them. A buying and selling day is outlined as a day when the market is open and buying and selling is going on. So, for instance, when you claimed your shares on a Friday, it is best to anticipate to see them seem in your moomoo account by the next Friday on the newest, since there’s no buying and selling on Saturday or Sunday.
On a associated observe, one other widespread query has to do with when you possibly can start buying and selling your free shares. The brief reply is that you may start buying and selling them instantly. Nonetheless, we suggest that you just be sure you perceive any associated charges. In case your buying and selling charges exceed the quantity of funds you may have deposited, you might find yourself in a deficit and owing cash to moomoo.
Why Are There Completely different Circumstances for Claiming Free Shares?
As we’ve already talked about, there are situations for claiming free shares on moomoo. You’ll want to satisfy all situations with a view to declare your free shares.
There are lots of commonalities by way of the situations for every giveaway, however they do fluctuate. We will’t particularly say why moomoo varies the situations, however crucial takeaway as soon as you realize that the phrases might change is that it is best to all the time learn the occasion guidelines earlier than taking part within the giveaway.
We all know that studying the advantageous print isn’t everybody’s thought of an excellent time, but it surely’s the one method to just be sure you’re sticking to the principles and doing all the pieces it’s good to do to get your free shares. When you miss a step or deadline, you gained’t have one other probability.
We’ve already talked about among the commonest situations, which embrace making a minimal deposit, sustaining a minimal common steadiness for 60 days, and claiming your free shares earlier than the promotional interval ends.
As a reminder, when you’re trying to immediately declare shares in a selected market, you’ll want to join a common account to get them.
Frequent Points and Tips on how to Troubleshoot Them
Now, let’s run by way of the most typical points that moomoo customers encounter whereas making an attempt to assert their free shares on moomoo. Troubleshooting free inventory claims may also help you declare your shares in time and keep away from lacking out on the chance to get these free shares.
Unclaimed Free Shares
One of many greatest points moomoo customers report is the size of time it takes some duties to settle. Time in these duties is all the time measured in buying and selling days, which we talked about above. Moomoo isn’t going to depend Saturday or Sunday as buying and selling days, so issue that in while you’re calculating when to anticipate your free shares.
Most of the duties take between two and 5 buying and selling days to settle. For instance, when you make a deposit on a Thursday or Friday, it could not settle till the next Wednesday.
Keep in mind that you’ll must declare your free shares inside the promotional interval. Our greatest advice for troubleshooting this subject is to make your deposit as quickly as potential after the promotion begins. That manner, you’ll have adequate time for all the pieces to settle earlier than the promotion ends.
Arrears After Promoting Free Shares
One other extraordinarily widespread subject is when a moomoo consumer trades a free inventory instantly after receiving it and leads to arrears. As we’ve already famous, many of the shares you obtain might be price $9.99 or much less. You possibly can promote them instantly, however when you don’t have adequate funds to cowl the charges associated to the commerce, you might find yourself in arrears.
Our advice right here is to perform a little research to find out how a lot the share or fractional share is price and what the charges might be to promote it. If the charges are greater than the funds in your account, your finest wager is to attend. And who is aware of? They may acquire worth, permitting you to earn a revenue when you maintain onto them for some time!
Tips on how to Take part in Moomoo’s Free Inventory Promotion
By now, you’re questioning find out how to take part in a moomoo free inventory promotion. Listed here are the straightforward steps.
#1: Join a moomoo account
Step one is to join a free moomoo account. Listed here are the belongings you’ll want.
- A legitimate electronic mail tackle
- When you’re a US citizen, you’ll want your Social Safety Quantity and legitimate US tackle
- When you’re not a US citizen, you’ll want a legitimate passport or a legitimate nationwide ID card, relying on the nation
As a rule, it takes between one and three enterprise days on your account to be validated.
#2: Make the minimal deposit
As soon as your account is lively and validated, the subsequent step is to make a deposit. Earlier than you do, ensure to learn the principles for the giveaway. The minimal to obtain 5 shares is normally $100, however double examine. In order for you extra shares, the minimal is commonly $2,000.
Keep in mind that you’ll want to keep up that steadiness – so it’s possible you’ll wish to pad the quantity a bit, particularly if you wish to commerce throughout the 60-day ready interval.
#3: Keep the required steadiness
If the minimal steadiness for 5 free shares is $100, you’ll want to keep up that steadiness for 60 days to unlock your free shares.
The large takeaway right here is that when you intend to start buying and selling instantly, you’ll must deposit greater than the minimal to satisfy the necessities. For instance, you would possibly deposit $200 or $250 to present your self room to commerce with out dipping beneath the common required steadiness.
#4: Monitor and declare your free shares
The ultimate step is to trace the place you’re within the course of and ensure to assert your free shares earlier than the promotional interval ends. Most promotions embrace a 60-day ready interval, throughout which your free shares might be frozen.
Our suggestion is to trace your free shares out of your profile (Accounts > Inventory Rewards) and add a reminder to your calendar. When the 60 days are up, log in and seize these free shares as quickly as potential.
Professional Tip:
Enroll in the present day with Moomoo and get an additional 4% added to your Money Candy program APY (for a complete of 8.1%) for 3 months.
Why Select Moomoo for Free Inventory Rewards?
Why select moomoo totally free inventory rewards? We all the time love a freebie, however moomoo has much more going for it than that. Listed here are the issues we like about moomoo.
- It has a user-friendly interface that makes it tremendous easy to make use of, even when you’re a complete newbie and model new to investing.
- The moomoo app is nicely reviewed and widespread, with a median star ranking of 4.5 out of 5 stars within the Google Play Retailer and 4.7 out of 5 stars within the Apple Retailer.
- There are superior buying and selling instruments accessible for extra skilled buyers and inexperienced persons alike, together with inventory evaluation, charting instruments, and entry to world markets together with Hong Kong and China, one thing lots of different digital brokerages don’t supply.
- There’s an lively neighborhood that gives assist to customers and buyers in any respect ranges. It’s an ideal place to get funding ideas and study completely different facets of investing, buying and selling, and taking full benefit of moomoo’s options.
- Moomoo provides away extra free shares than most different digital brokerages. Many will supply one free inventory (Robinhood is an instance), however most of moomoo’s promotions permit you to get a minimum of 5 free shares or fractional shares when you meet the {qualifications}.
So, why select moomoo? Since you’ll get cool options, entry to world markets, membership in a useful neighborhood, and a few free shares!
Conclusion: Begin Claiming Your Free Shares with Moomoo At present
Moomoo is a well-liked digital buying and selling platform with a stable cell app. Along with having access to helpful buying and selling and inventory analysis instruments, you’ll additionally acquire membership in a useful neighborhood of skilled buyers and the chance to assert free shares while you make a deposit.
As a reminder, you’ll must arrange an account, make a minimal deposit, and keep a minimal common steadiness for 60 days to satisfy the necessities for many promotions. It’s best to all the time learn the advantageous print to be sure you perceive what’s required of you and what it’s good to do to reap the benefits of the inventory giveaway. Are you able to take the subsequent steps and reap the benefits of the moomoo free inventory program? Join moomoo now and prepare to assert your free shares!
FAQs
The necessities might fluctuate from promotion to promotion, however usually you’ll want a minimal deposit of $100, and to keep up a minimal common steadiness of the identical quantity to get free shares on moomoo.
Sure! Most of Moomoo’s free promotions give a minimal of 5 free shares or fractional shares, and relying in your deposit quantity and the specifics of the giveaway, you might be able to get as much as 25 free shares or fractional shares.
When you don’t declare your free shares in time, which means earlier than the promotional interval ends, you’ll lose out. Chances are you’ll solely declare free shares while you make your first deposit. That’s why you’ll must fastidiously learn the principles of the giveaway and be sure you full all duties inside the promotional interval to get these free shares.
Sure, you possibly can, however we don’t suggest it. The chance is that you just’ll find yourself paying charges that complete to greater than the funds in your account. If that occurs, you’ll find yourself in arrears and owe moomoo cash.
You gained’t should pay taxes on the free shares while you obtain them. Nonetheless, within the US, taxes will apply while you promote these shares. When you maintain the shares for lower than a 12 months, they’ll be taxed as extraordinary earnings. When you maintain them for greater than a 12 months, it’s possible you’ll wind up paying the decrease capital positive aspects tax fee as a substitute.
