Moomoo Promotion: Get up to SGD 730 Rewards for New Sign-Up (3 Aug 2023 to 31 Oct 2023)

From 31 Aug 2023 12:00 SG Time to 31 Oct 2023 11:59 SG Time, new users who register an account with moomoo will receive:

• up to 13 Free Tesla (TSLA) fractional shares (worth approx US$260 or S$350)
• up to S$380 Cashback Coupon

Rewards will be credited after completing the required tasks. More details below.

Here’s how to get moomoo Welcome Bonus

STEP 1

Click here to register a new account

Step 2

After registration, then download the moomoo mobile app and login with your details

Step 3

Set up your moomoo/Futu SG securities account and wait for it to be approved (it takes 1 to 2 business days to get approved)

By completing Step 1 to 3, you will be entitled to lifetime unlimited commission-free trading for the US stock market, and free market data for US/SG/China stock market.

Step 4

Deposit a cumulative amount of at least SGD 3,000 or SGD 10,000 into your securities account. (Tips: Use Instant Deposit via DDA because it’s much faster; it requires only 15 minutes! Meanwhile, bank transfer requires 1-3 business days).

If you deposit SGD 3,000 you will get 3 Tesla fractional shares. And, if you deposit SGD 10,000 you will get 13 Tesla fractional shares. But you need to complete Step 5 & 6 below to get the fractional shares.

Step 5

Perform 3 or 13 buy trades.

Buy trade is defined as the action of buying stocks, ETFs or funds only. Selling of stocks, ETFs or funds is not considered as a buy trade. The minimum trade amount per transaction needs to be at least S$1.

If you deposited at least SGD 3,000 in Step 4 above, now you need to perform 3 buy trades in order to get 3 Tesla fractional shares.

If you deposited at least SGD 10,000 in Step 4 above, now you need to perform 13 buy trades in order to get 13 Tesla fractional shares.

The amount of each fractional share is 0.08 TSLA fractional share (it is worth approx US$20 as of 30/08/2023, the value may fluctuate according to market value, but each fractional share that you get is fixed at 0.08 TSLA fractional share).

After completing Step 4 and 5 above, you will need to click “Claim” on the landing page and you will receive TSLA Fractional Shares in your account! Congratulations!

The allocated free share will be credited into your account under [Me] > [My Rewards] within 3 days after your deposit, but the first 3 TSLA fractional shares will remain frozen until the assets have been maintained for 30 days and the subsequent 10 TSLA fractional shares will remain frozen until the assets have been maintained for 90 days.

Step 6

Maintain daily assets value of SGD 3,000 for 30 days; or SGD 10,000 for 90 days.

Assets include cash, stocks, bonds, etc. Due to stock price fluctuations, the total asset value is allowed to drop by 30% from the stated amount. If you’re not able to maintain the required average asset value, the free share will be removed from your account.

After completing Step 6, the allocated fractional shares will be unfrozen within 5 business days after the 30-day or 90-day holding period! Congratulations!

Step 7

Invest any amount (between S$1 to S$80,000) in Cash Plus. You will get 5.8% p.a. guaranteed return on any selected funds.

For example: if you invest S$80,000, the cash rewards you will receive is 5.8%*80,000*30/365 = S$380.

After completing Step 7, you will receive the return of your investment in your Moomoo SG universal account in a lump sum as a cash reward within seven business days after the end of the 30-day period! Congratulations!

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How to use stock cash coupon? (For information)

Go to Me > Coupon in your moomoo app, then look for the stock cash coupon and make sure the status is “In Effect” before you perform transaction.

• All Stock Cash Coupons will have an expiry of 60 days from day of activation.
• Use moomoo app instead of desktop to make your purchase.
• When you make a purchase (in SG/HK/US market), moomoo will deduct the entire sales amount from your cash first, then the Coupon amount will be refunded into your account within 1-3 trading days.
• Purchase of Options/Futures/China A shares are not entitled to this cashback
• The Stock Cash Coupon amounts are all pre-tax amounts and are only available for use on buy trades, limited to 1 use per trade.
• All Stock Cash Coupons have a minimum trade amount of its stipulated value or equivalent in other currencies.
• Your purchase amount must be greater than the coupon amount. Should the trade amount be made below the value of the Stock Cash Coupon, the difference between the trade amount and stock cash coupon value will not be refunded.
• Should there not be any specific selection made on the specific Stock Cash Coupons available in the account, Stock Cash Coupon will be used in an ascending order of the days left before expiry.
• Taxes and fees in accordance with the requirements of relevant laws and regulations may apply.
• Redeemable only for users who have a valid FUTU SG Securities Account in their own name.

If this is your first time buying a stock, here are some things you should know:

• In SG market, the minimum number of share to purchase is 100 for individual stock (eg: DBS) and 10 for ETF (eg: STI ETF).
• In US market, the minimum number of share to purchase is 1.
• You can only make purchase during trading hours.
  • SG trading hours: 9am-12noon, 1pm-5pm SGT (Singapore Time)
  • HK trading hours: 9.30am-12noon, 1pm-4pm HKT (HK Time)
  • US trading hours: 9.30am-4pm ET (Eastern Time)

How to use fund cash coupon? (For information)

The process is exactly the same as using stock cash coupon in the above section. The only difference is, instead of buying stocks, you need to subscribe to a fund via moomoo Money Plus.

moomoo will deduct the entire sales amount from your cash first, then the fund cash coupon amount will be refunded into your account within 1-3 trading days.

How to invest in Cash Plus? (For information)

To invest in Cash Plus, on your moomoo app, go to Discover > Fund. Then, follow the steps below.

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A couple of things to note about this welcome bundle promotion:

• Deposit must be completed before 31 May 2023, 11:59am Singapore time.
• The full Terms & Conditions for this Mar-May 2023 promotion can be found here
• The Terms & Conditions for referral reward can be found here

Moomoo has been my favorite trading platform lately. I use it to buy SG stocks and US stocks, as well as selling options. Hope you like moomoo as much as I do.

What if I have registered for account before 1 Nov but didn’t deposit anything? Can I get all these welcome bonus?

Yes, you can. If you make your deposit within 1 March 2023 12:00 SG Time to 31 May 2023 11:59 SG Time, you will be entitled to welcome bonus during this Mar-May 2023 campaign.

Related post:

How to Earn Money Selling Cash Secured Puts: A Beginner’s Guide

How to Buy and Sell Options on Moomoo (Futu)