Investing within the inventory market is enjoyable, however you understand what’s much more enjoyable? Getting free shares only for making a brokerage account!
Whereas there are a number of on-line brokerages that provide a free share of inventory for brand 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 signifies that it’s on the extent, absolutely regulated, and secure to make use of.
Security Is necessary, 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 may snag free shares simply by taking part of their giveaways. Whether or not you’re simply beginning out or trying to enhance 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 new customers. Merely said, it’s a rewards program that may take a number of types. What all of them have in widespread is that they’re free inventory giveaway occasions which might be open to new moomoo customers. In case you’re a present moomoo consumer however haven’t but made an preliminary deposit to your account, you may additionally qualify.
Every occasion has its personal distinctive rewards and necessities. The commonest requirement is that you simply’ll have to make an preliminary deposit, and the minimal is $100.
Earlier than we get into an outline of how one can declare your moomoo free inventory rewards, right here’s an instance of what a selected free inventory giveaway occasion may seem 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 range from giveaway to giveaway, however among the most typical necessities embrace making a minimal deposit of $100 and sustaining a $100 common account stability for 60 days. After the 60 days are up, you’ll obtain “draw alternatives,” which it’s essential to 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 can get a fractional share of a inventory that’s buying and selling at a excessive value. Right here’s a breakdown of the percentages of receiving shares at numerous costs.
- 99.559% likelihood of getting a share price between $2 and $9.99
- 0.4% likelihood of getting a share price between $10 and $99.99
- 0.041% likelihood of getting a share price $100 or extra
As you may see, you’re more than likely to finish up with shares price lower than $10, however that doesn’t imply you received’t earn a revenue in the long term.
Professional Tip:
Join at this time with Moomoo and get an additional 4% added to your Money Candy program APY (for a complete of 8.1%) for 3 months.
How one can Declare Free Shares on Moomoo
There are two completely different strategies for claiming free shares on moomoo. If you wish to know tips on how to declare free shares on moomoo, you’ll have to know tips on how to declare shares immediately or through activity completion.
Direct Claiming
To reap the benefits of immediately claiming your free shares, right here’s what you’ll have to do.
- Open a common account. FYI, a common account is one which helps buying and selling shares in several markets and with completely different currencies. For instance, you may have the ability to commerce within the US, Hong Kong, and China.
- Select the market the place you need to declare shares. In different phrases, if you’d like shares from the Hong Kong market, you have to an account that permits you to commerce there.
- Meet some other necessities. Once more, necessities range from giveaway to giveaway, so we are able to’t let you know precisely what you’ll have to do to assert your shares.
We recommend direct claiming if you wish to have some management over which shares you get through which market.
Activity Completion
In case you’re not choosy about which free shares you get from moomoo, then you may go together with the activity completion methodology to get your free shares or fractional shares.
- Create a free moomoo account.
- Learn the main points for the lively inventory giveaway, ensuring you perceive what’s required of you.
- Take the steps required. A few of the most typical duties you’ll want to finish embrace:
- Making a minimal deposit, often $100
- Sustaining a minimal common stability for 60 days
- Making a specified variety of trades
- Claiming your free shares earlier than the promotional interval ends
It’s necessary to notice that the promotional durations typically final about 75 days, so which means you’ll have to make your deposit within the first 15 days to have the ability to take full benefit of the giveaway.
The place to Observe Your Free Shares in Moomoo
When you’ve acquired your free shares from the inventory giveaway on moomoo, you’ll have to know tips on how to observe free shares in moomoo.
The very first thing you’ll have to know is that it’s important to maintain the moomoo app up to date in your cellular machine. It’s possible you’ll have already got your settings configured to routinely set up updates after they grow to be out there. In case you don’t, then you definately’ll have to manually test to see if there’s an replace out there.
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 may 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 simply’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:
Join at this time 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 count on 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 count on these free shares to be credited to your account?
The reply, which we received 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, in case you claimed your shares on a Friday, you must count on 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 may start buying and selling your free shares. The brief reply is which you could start buying and selling them instantly. Nonetheless, we advocate that you simply ensure you perceive any associated charges. In case your buying and selling charges exceed the quantity of funds you might have deposited, you can find yourself in a deficit and owing cash to moomoo.
Why Are There Totally different Circumstances for Claiming Free Shares?
As we’ve already talked about, there are circumstances for claiming free shares on moomoo. You’ll want to fulfill all circumstances to be able to declare your free shares.
There are lots of commonalities by way of the circumstances for every giveaway, however they do range. We will’t particularly say why moomoo varies the circumstances, however crucial takeaway as soon as you understand that the phrases might change is that you must all the time learn the occasion guidelines earlier than taking part within the giveaway.
We all know that studying the high-quality print isn’t everybody’s thought of time, however it’s the one method to just be sure you’re sticking to the principles and doing all the things you want to do to get your free shares. In case you miss a step or deadline, you received’t have one other likelihood.
We’ve already talked about among the most typical circumstances, which embrace making a minimal deposit, sustaining a minimal common stability for 60 days, and claiming your free shares earlier than the promotional interval ends.
As a reminder, in case you’re trying to immediately declare shares in a selected market, you’ll want to join a common account to get them.
Widespread Points and How one can Troubleshoot Them
Now, let’s run by means of the commonest points that moomoo customers encounter whereas making an attempt to assert their free shares on moomoo. Troubleshooting free inventory claims can assist 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 rely Saturday or Sunday as buying and selling days, so issue that in while you’re calculating when to count on your free shares.
Most of the duties take between two and 5 buying and selling days to settle. For instance, in case you make a deposit on a Thursday or Friday, it could not settle till the next Wednesday.
Keep in mind that you’ll have to declare your free shares inside the promotional interval. Our greatest suggestion for troubleshooting this concern is to make your deposit as quickly as potential after the promotion begins. That manner, you’ll have enough time for all the things to settle earlier than the promotion ends.
Arrears After Promoting Free Shares
One other extraordinarily widespread concern is when a moomoo consumer trades a free inventory instantly after receiving it and results in 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 in case you don’t have enough funds to cowl the charges associated to the commerce, you can find yourself in arrears.
Our suggestion right here is to do a little analysis 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 greatest guess is to attend. And who is aware of? They may achieve worth, permitting you to earn a revenue in case you maintain onto them for some time!
How one can Take part in Moomoo’s Free Inventory Promotion
By now, you’re questioning tips on how to take part in a moomoo free inventory promotion. Listed here are the easy steps.
#1: Join a moomoo account
Step one is to join a free moomoo account. Listed here are the stuff you’ll want.
- A legitimate e mail tackle
- In case you’re a US citizen, you’ll want your Social Safety Quantity and legitimate US tackle
- In case you’re not a US citizen, you’ll want a sound passport or a sound 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 following step is to make a deposit. Earlier than you do, ensure that to learn the principles for the giveaway. The minimal to obtain 5 shares is often $100, however double test. If you need extra shares, the minimal is usually $2,000.
Keep in mind that you’ll want to take care of that stability – so chances are you’ll need to pad the quantity a bit, particularly if you wish to commerce through the 60-day ready interval.
#3: Preserve the required stability
If the minimal stability for 5 free shares is $100, you’ll want to take care of that stability for 60 days to unlock your free shares.
The massive takeaway right here is that in case you intend to start buying and selling instantly, you’ll have to deposit greater than the minimal to fulfill the necessities. For instance, you may deposit $200 or $250 to provide your self room to commerce with out dipping under the common required stability.
#4: Observe and declare your free shares
The ultimate step is to trace the place you might be 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:
Join at this time 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 without cost 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 in case you’re a complete newbie and model new to investing.
- The moomoo app is properly reviewed and well-liked, 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 out there for extra skilled buyers and novices alike, together with inventory evaluation, charting instruments, and entry to international markets together with Hong Kong and China, one thing lots of different digital brokerages don’t provide.
- There’s an lively group that gives help to customers and buyers in any respect ranges. It’s an incredible place to get funding ideas and study completely different features 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 provide one free inventory (Robinhood is an instance), however most of moomoo’s promotions can help you get at the very least 5 free shares or fractional shares in case you meet the {qualifications}.
So, why select moomoo? Since you’ll get cool options, entry to international markets, membership in a useful group, 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 strong cellular app. Along with having access to helpful buying and selling and inventory analysis instruments, you’ll additionally achieve membership in a useful group of skilled buyers and the chance to assert free shares while you make a deposit.
As a reminder, you’ll have to arrange an account, make a minimal deposit, and preserve a minimal common stability for 60 days to fulfill the necessities for many promotions. It is best to all the time learn the high-quality print to ensure you perceive what’s required of you and what you want to do to reap the benefits of the inventory giveaway. Are you able to take the following 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 range from promotion to promotion, however generally you’ll want a minimal deposit of $100, and to take care of a minimal common stability 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.
In case you don’t declare your free shares in time, that means earlier than the promotional interval ends, you’ll lose out. It’s possible you’ll solely declare free shares while you make your first deposit. That’s why you’ll have to fastidiously learn the principles of the giveaway and ensure you full all duties inside the promotional interval to get these free shares.
Sure, you may, however we don’t advocate it. The chance is that you simply’ll find yourself paying charges that whole to greater than the funds in your account. If that occurs, you’ll find yourself in arrears and owe moomoo cash.
You received’t must pay taxes on the free shares while you obtain them. Nonetheless, within the US, taxes will apply while you promote these shares. In case you maintain the shares for lower than a 12 months, they’ll be taxed as abnormal revenue. In case you maintain them for greater than a 12 months, chances are you’ll wind up paying the decrease capital features tax fee as an alternative.
