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 supply 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 Trade Fee (SEC) and a member of FINRA. That implies 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 increase your portfolio, it’s a reasonably candy deal. Prepared to say your free shares?
What Are Moomoo Free Inventory Rewards?
Moomoo provides free inventory rewards for brand new customers. Merely acknowledged, it’s a rewards program that may take a number of kinds. What all of them have in frequent is that they’re free inventory giveaway occasions which can be open to new moomoo customers. Should you’re a present moomoo person 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 most typical requirement is that you just’ll have to 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 gifting away ten free shares valued between $2 and $2,000 to any new person 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 say free shares additionally range from giveaway to giveaway, however among the most typical necessities embody 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 you need to declare and redeem for the free shares in query. The shares you draw are random.
One closing be aware: 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 worth. Right here’s a breakdown of the chances of receiving shares at varied 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:
Enroll at present with Moomoo and get an additional 4% added to your Money Candy program APY (for a complete of 8.1%) for 3 months.
Find out how to Declare Free Shares on Moomoo
There are two totally different strategies for claiming free shares on moomoo. If you wish to know the right way to declare free shares on moomoo, you’ll have to know the right way to declare shares straight or by way of job completion.
Direct Claiming
To benefit from straight 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 numerous markets and with totally different currencies. For instance, you would possibly be capable to commerce within the US, Hong Kong, and China.
Select the market the place you wish to declare shares. In different phrases, in order for you shares from the Hong Kong market, you’ll need an account that permits you to commerce there.
Meet every 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 say your shares.
We advise direct claiming if you wish to have some management over which shares you get wherein market.
Process Completion
Should you’re not choosy about which free shares you get from moomoo, then you may go together with the duty 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. Among the most typical duties you’ll want to finish embody:
Making a minimal deposit, normally $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 obtained your free shares from the inventory giveaway on moomoo, you’ll have to know the right way 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 system. You could have already got your settings configured to routinely set up updates once they change into out there. Should you don’t, you then’ll have to manually test to see if there’s an replace out there.
When you’ve up to date, observe 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 watch 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 say them.
Professional Tip:
Enroll at present 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 will likely 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 straight 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 occurring. So, for instance, if you happen to claimed your shares on a Friday, it is best to 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 be aware, one other frequent query has to do with when you may start buying and selling your free shares. The quick reply is which you could 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 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 situations for claiming free shares on moomoo. You’ll want to satisfy all situations with a purpose to declare your free shares.
There are lots of commonalities when it comes to the situations for every giveaway, however they do range. We will’t particularly say why moomoo varies the situations, however an important takeaway as soon as you understand that the phrases could 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 effective print isn’t everybody’s concept of an excellent time, however it’s the one strategy to just be sure you’re sticking to the principles and doing the whole lot you must do to get your free shares. Should you miss a step or deadline, you received’t have one other likelihood.
We’ve already talked about among the most typical situations, which embody 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, if you happen to’re trying to straight declare shares in a selected market, you’ll want to join a common account to get them.
Widespread Points and Find out how to Troubleshoot Them
Now, let’s run by means of the commonest points that moomoo customers encounter whereas attempting to say their free shares on moomoo. Troubleshooting free inventory claims might 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 largest 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 is rarely 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.
Lots of the duties take between two and 5 buying and selling days to settle. For instance, if you happen to make a deposit on a Thursday or Friday, it could not settle till the next Wednesday.
Do not forget that you’ll want to say your free shares inside the promotional interval. Our greatest advice for troubleshooting this challenge is to make your deposit as quickly as potential after the promotion begins. That approach, you’ll have adequate time for the whole lot to settle earlier than the promotion ends.
Arrears After Promoting Free Shares
One other extraordinarily frequent challenge is when a moomoo person trades a free inventory instantly after receiving it and results in arrears. As we’ve already famous, many of the shares you obtain will likely be price $9.99 or much less. You possibly can promote them instantly, however if you happen to don’t have adequate funds to cowl the charges associated to the commerce, you can find yourself in arrears.
Our advice 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 will likely be to promote it. If the charges are greater than the funds in your account, your greatest wager is to attend. And who is aware of? They might achieve worth, permitting you to earn a revenue if you happen to maintain onto them for some time!
Find out how to Take part in Moomoo’s Free Inventory Promotion
By now, you’re questioning the right way to take part in a moomoo free inventory promotion. Listed below are the straightforward steps.
#1: Join a moomoo account
Step one is to join a free moomoo account. Listed below are the belongings you’ll want.
A sound e-mail handle
Should you’re a US citizen, you’ll want your Social Safety Quantity and legitimate US handle
Should 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 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 test. If you would like extra shares, the minimal is commonly $2,000.
Do not forget that you’ll want to take care of that stability – so it’s possible you’ll wish 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 large takeaway right here is that if you happen to intend to start buying and selling instantly, you’ll have to 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 under the common required stability.
#4: Observe and declare your free shares
The ultimate step is to trace the place you’re within the course of and ensure to say your free shares earlier than the promotional interval ends. Most promotions embody a 60-day ready interval, throughout which your free shares will likely 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 at present 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 spending a dime inventory rewards? We all the time love a freebie, however moomoo has much more going for it than that. Listed below are the issues we like about moomoo.
It has a user-friendly interface that makes it tremendous easy to make use of, even if you happen to’re a complete newbie and model new to investing.
The moomoo app is properly reviewed and common, 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 rookies 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 group that gives help to customers and buyers in any respect ranges. It’s an excellent place to get funding suggestions and study totally different points 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 can help you get not less than 5 free shares or fractional shares if you happen to meet the {qualifications}.
So, why select moomoo? Since you’ll get cool options, entry to world 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 stable cellular app. Along with gaining 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 say free shares while you make a deposit.
As a reminder, you’ll have to arrange an account, make a minimal deposit, and keep a minimal common stability for 60 days to satisfy the necessities for many promotions. You must all the time learn the effective print to be sure you perceive what’s required of you and what you must do to benefit from the inventory giveaway. Are you able to take the subsequent steps and benefit from the moomoo free inventory program? Join moomoo now and prepare to say your free shares!
FAQs
The necessities could 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 could possibly rise up to 25 free shares or fractional shares.
Should you don’t declare your free shares in time, that means earlier than the promotional interval ends, you’ll lose out. You could solely declare free shares while you make your first deposit. That’s why you’ll have to rigorously learn the principles of the giveaway and be sure you full all duties inside the promotional interval to get these free shares.
Sure, you may, 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 received’t need to pay taxes on the free shares while you obtain them. Nonetheless, within the US, taxes will apply while you promote these shares. Should you maintain the shares for lower than a yr, they’ll be taxed as abnormal earnings. Should you maintain them for greater than a yr, it’s possible you’ll wind up paying the decrease capital positive aspects tax charge as an alternative.
