This was posted 11 months 26 days ago, and might be an out-dated deal.

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Get a $100 Stock Coupon (Max 20) for Each $5000 Deposited or $5000 Shares off-Market Transferred to Moomoo @ FUTU AU

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Get a $100 Stock Coupon (Max 20) for Each $5000 Deposited or $5000 Shares off-Market Transferred to Moomoo @ FUTU AU
Go to Deal
another-geek on 07/05/2023 - 11:01 futuau.com (113 clicks)
Last edited 08/05/2023 - 16:57 by 1 other user

According to the promo terms, "Switch to moomoo" 1st anniversary promo is open to 18+ AU residents who have existing moomoo account and satisfy the following conditions:
a. Complete off-market transfer(s) of Australian or US-listed securities worth at least a total of AUD$5,000 or equivalence* from another broker-dealer to Moomoo AU
OR
b. Deposit at least a total of AUD$5,000 into his/her trading account within the Promotion Period (each a "Valid Deposit").
A Coupon will be automatically applied to client's first eligible trade order (buy-to-open orders exceeding AUD $100 only) within the Validity period.
Only a maximum of 20 Coupons can be rewarded to each eligible participant.

For example:
• If the Participant transfers a portfolio of US-listed securities worth a total of USD $12,000, he/she will receive 2 Coupons valued at USD $100 each.
• If the Participant transfers a portfolio of AU-listed securities worth a total of AUD $5,000, he/she will receive 1 Coupon valued at AUD $100.
• If the Participant transfers a portfolio of AU-listed securities worth a total of AUD $3,000, and at the same time deposits a total of AUD $2,000, he/she will not be entitled to receive any Coupon since such transfer or deposit does not constitute Valid Transfer or Valid Deposit.
• If the Participant transfers a portfolio of AU-listed securities worth a total of AUD $5,000 within the Promotion Period, and at the same time deposits a total of AUD $2,000, he/she will receive 1 Coupon valued at AUD $100.
• If the Participant transfers a portfolio of AU-listed securities worth a total of AUD $50,000 within the Promotion Period, and at the same time deposits a total of AUD$50,000, he/she will receive 20 Coupons valued at AUD$100 each.

These Coupons will be issued to the Participant's Moomoo AU account within 30 business days from the date of completion of each Valid Deposit and/or Valid Transfer ("Completion Date", as confirmed by the Promoter), but will remain locked and unvested until the satisfaction of all of the following conditions:
1. Asset Retaining: The assets (including cash, securities and if applicable, other kinds of assets) deposited or transferred into the Participant's account within the Promotion Period must be retained for at least 3 calendar months ("Vesting Period") ; and
2. Actual Transaction: Within the Vesting Period, the Participant must execute no less than 3 trade orders using his or her account via Moomoo AU ; and
3. Asset Value: Within the Vesting Period, the Participant is required to maintain the total value of assets (including cash, securities and if applicable, other kinds of assets) deposited and transferred into his or her account, not to drop to a value lower than 80% of the total asset value at the Completion Date ("Initial Value").

Financial Share Trading Shares (financial)

Related Stores

FUTU AU
FUTU AU
moomoo
moomoo

closed Comments

  • vstratosphere on 07/05/2023 - 11:06

    Deposit $100k for $2000? Ehh

    Unless you can Deposit/withdraw and repeat.

    • another-geek on 07/05/2023 - 11:07

      Has to be retained for 90 days in moomoo account.

      • vstratosphere on 07/05/2023 - 11:08

        Yeah just read that. Would be alot to tie up for $2k

        • glorydaybulls on 07/05/2023 - 11:29

          Better than putting money in home loan offset account.

  • hurr1cane on 07/05/2023 - 11:10
    +3

    Scammer in last promo they gave free share once sold they deduct share money which they gave us and just land money with difference not happy with them

    • lovebargain87 on 07/05/2023 - 14:46

      Anyone has experienced the same problem like this one?

  • deme on 07/05/2023 - 11:11
    +1

    ChatGPT summary:

    Moomoo is offering a first-anniversary promotion to existing Australian residents with a Moomoo account. To qualify, customers must transfer at least AUD$5,000 worth of Australian or US-listed securities from another broker-dealer to Moomoo AU or deposit a total of AUD$5,000 into their trading account. Each eligible participant can receive a maximum of 20 coupons valued at AUD$100 each. Coupons will be issued within 30 business days but remain locked and unvested until the participant meets certain conditions, including retaining the assets for at least 3 calendar months and executing no less than 3 trade orders.

  • indianregulator on 07/05/2023 - 11:41

    Honestly why would you go with this mob? Fees after the 180 day trial period is $8.8 a trade, compare with CNC markets which is $0, and stake which is $3, and you don't even get a HIN. If not having a HIN is a non issue for you, just go with Superhero, which is $0 commission and you can earn QFF points.

    • glorydaybulls on 07/05/2023 - 12:23
      +1

      Good info. Which one is best for algorithmic trading for Australian ETFs and with CHESS sponsored account?

      • indianregulator on 07/05/2023 - 17:24

        Not sure about AI trading, I use stake as I transferred my portfolio for 12 months $0 brokerage, I wouldnt want to pay more than $3 a trade on any platform

  • R14 on 07/05/2023 - 11:46
    +1

    Not sure if any fees for Stock transfer out ? If not then may be worth for long term holders to transfer 50k and hold it 90 days and transfer back again. This gives $1k benefits.

    • WADealsHunter on 07/05/2023 - 16:08
      +1

      thinking about this, without HIN what does it do to my shares if Moomoo goes bankrupt?

      • rokufan on 18/05/2023 - 01:22

        Funds and Protection
        All clients' assets and funds deposited in moomoo are kept in custody and trust accounts with licenced or regulated custodians and banks respectively. They are kept separate from Futu Securities (Australia) Ltd's assets and cash to avoid commingling. (bottom of home page)

        No CHESS or HIN. Is the above sufficient to keep client's funds safe in event Moomoo goes bankrupt?

    • jm48 on 09/05/2023 - 20:05
      +1

      The transfer out to another broker fee for each stock is $55.
      This is a deal breaker for me.

      • WADealsHunter on 09/05/2023 - 22:36
        +4

        I'm gonna give it a go, transfering in one single long-term stock worth aud47k, get 9 cash coupons, then transfer out after 3month, even with the $55 transfer out fee still net 800+.

    • evgpek on 12/05/2023 - 14:52

      Where is the cheapest to transfer from?

    • rokufan on 18/05/2023 - 01:16

      Fees: Futu Securities (Australia) Ltd does not charge any fees to transfer your stocks, but the outside brokerage firm may.
      https://www.futuau.com/support/topic425?global_content=%7B%2…

    • another-geek on 18/05/2023 - 10:26

      No fee to transfer AU listed stocks/ETFs from Stake AUS.

    • machej on 29/05/2023 - 16:06
      +1

      Clarified, there is a $55 AUD fee per ASX stock out. $150 USD for each US stock out. Seems more hassle than it's worth unless you're transferring just one stock over. Even then, it's a very manual process to transfer the stock out. Don't think it's worth the pain so I won't.

  • shw01 on 07/05/2023 - 14:54

    So the terms say "open to all users of Moomoo AU", does it mean that an account must have been opened? Or will still be eligible if I open an account now?

    • another-geek on 18/05/2023 - 10:29
      +1

      I did not see the offer on my partner's account. I had a chat with customer service and after a day they added the promotion to my partner's account. If you don't see this promo under Promotions, have a chat with Customer service on the app, they might help.

  • Oneforall on 12/05/2023 - 01:13

    I only made an initial deposit of $0.01. Can I top this up to $50 to be made eligible for ShopBack cashback?

  • rokufan on 18/05/2023 - 01:22

    Funds and Protection
    All clients' assets and funds deposited in moomoo are kept in custody and trust accounts with licenced or regulated custodians and banks respectively. They are kept separate from Futu Securities (Australia) Ltd's assets and cash to avoid commingling. (bottom of home page)

    No CHESS or HIN. Is the above sufficient to keep client's funds safe in event Moomoo goes bankrupt?

  • tabboy on 21/06/2023 - 13:43

    Looks like the offer is back on….

    Special offer ends on 30 JUN 2023
    1,000 moomoo points
    when you make your first deposit.
    1 AUD/USD $100 stock cash coupon
    for every AUD $5,000 you deposit or every AUD/USD $5,000 you transfer to moomoo*

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