This was posted 10 months ago, and might be an out-dated deal.

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Sign up, Deposit $5000 & Receive 15 Free Shares (from A$7ea to A$419ea) @ Moomoo

2083
Sign up, Deposit $5000 & Receive 15 Free Shares (from A$7ea to A$419ea) @ Moomoo
Go to Deal
cooni on 13/07/2023 - 13:56 fego-au.moomoo.com (4188 clicks)
Last edited 01/09/2023 - 15:07 by 3 other users

For anyone that hodl'ed on the last deal, wait a little longer and you can get even more free stonks for signing up - or signing up your partner or parents or whoever (just make sure you use a separate device to sign up because they keep track of that and disallow the referral otherwise).

Steps to success:

  • Sign up on or after 21/7/23
  • Deposit $5000 and get 15 free shares (was $2000 and 10 free shares), deposit less and get less shares. As well as a $50 stock discount coupon.
  • If you signed up with a referral and then make a trade, you get 2 extra shares another free $50 stock discount coupon.

I got pretty lucky when I signed up, with 2x Cola-Cola, 6x GameStop, 4x AMC.
Apparently OP of the last deal got a request from moomoo to take down the probabilities so I have done the same but gee look at how well the tech stocks have done since the date of their T&C!

Takes about a business day or so to verify your deposit, after which you can withdraw it after verifying the withdrawal account (another business day or so). Also comes with brokerage free trading (fees to be refunded before the 15th of the next month).

From the email that just went out:

Hi mooers,

Here at moomoo, we're big on giving our users what they want. Thanks to the overwhelming response from our Spin & Win promotion, we've decided to keep the promo (and wheel) rolling.

Plus, there's now a chance to win even more free stocks!

From Friday 21 July, the updated Spin & Win promotion will include an additional deposit amount tier of AUD $5,000, entitling customers to an additional spins of the prize-guaranteed wheel. New T&C will apply for new users and be shared once it's live.

Please be aware that our current promotion will end at 11:59 PM (AEDT) on 20/07/2023. Users who have already deposited an amount less than AUD $2,000 and who wish to acquire the existing rewards on offer, must deposit the remaining amount (to make up to AUD $2,000) by this date.

We are excited to announce that on Friday 21 July, moomoo will also reveal a brand new referral promotion with bigger and better rewards. Stay tuned for what's coming next!

Happy trading.

From,
Team moomoo AU.

Edit 21/7/23: Apparently this goes live at 8pm and we're yet to see if we need to generate new referral codes for the new promo. If we do, will need to contact a mod to clear the existing referrals.

Edit: Live now on all existing referral links

Referral Links

Referral: random (483)

Referrer gets $10 Cash Coupon for each referee who signs up & downloads moomoo app for the first time, $10 Cash Coupon for each referee who opens their Moomoo AU trading account for the first time, and $30 Cash Coupon for each referee who makes an initial deposit of $100+ in their Moomoo AU trading account. (Referrer can get $50 Cash Coupon in total.) Maximum 10 referrals per referrer.

Referrer also gets additional 1 free Apple stock for referring 5 referees who sign up & download moomoo app, and deposit $100 for the first time.

Financial Brokerage Share Trading Shares (financial)

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closed Comments

    • wavesgreen on 23/07/2023 - 22:49

      Haha wow that's a decent offer from them. Good luck!

  • techfastplz on 23/07/2023 - 22:51
    -3

    Now that you have to keep your funds with MooMoo for 30 days to have the rewards unlocked, it's not worth it unles you roll over $250 worth of shares assuming you get 5% interest in your bank.
    Just deposited my 5k and rolled all AMC, UA and LCD shares worth only <$150. Taking my money out and putting it back into savings.

    • eecchhoo on 23/07/2023 - 23:17
      +2

      I assume your saving account is 5% per annum which is 0.41% per month roughly.
      If we assume it’s 3-5% bonus stock of $5000 so it’s still higher than putting the cash in your saving. Correct me if your saving is 5% per month.

      • wavesgreen on 23/07/2023 - 23:36

        Yes deal is generally better value than a bank but higher risk of course and a random return.

        For me my comparison is to my regular swing trades which generally yield 5%-35% over 30-60 days. Obviously YMMV.

        The $2000 I had considered for the previous moomoo deal I put into TSLA instead and that turned out much better of course. But hindsight is 20:20 and a bit of apples-to-oranges.

        • charliegrc on 24/07/2023 - 09:38
          +6

          Ah yeah your regular 5%-35% over 30-60 days? Your consistent 60-320% annual return? Sounds great. Can't wait to see you on forbes in a few years.

          • wavesgreen on 24/07/2023 - 10:53

            @charliegrc: Wait til I tell you about 800+% returns in uranium over the last 24 months. Don't worry it all evens out with my speculations in tech stocks and de-SPACs where I've taken a bath more times than I care to mention. But I'm learning to rein in my high risk investments.

        • CyberMurning on 24/07/2023 - 09:42

          wow pro trader here! i wish i can trade like you.. honest comment here no /s

  • Lurk Hartog on 24/07/2023 - 10:17

    So I went with the $2000 deal using a referral code. I made a single trade to get the referral bonus, but can't see anything yet. Anything else that I need to do?

    • theguyrules on 24/07/2023 - 10:28

      Have you got the original 10 shares?

    • charliegrc on 24/07/2023 - 10:44

      That promotion expired on the 21st, you needed to deposit before then.

      Message support in the app and ask them, they'll probably just give them to you

      • Lurk Hartog on 24/07/2023 - 10:57
        +1

        All good. The 2 bonus spins came through not long after I posted.

        2*AMC for me.

        Overall I did pretty well though with 7 GME.

  • cyrax83 on 24/07/2023 - 10:58
    +1

    Ok someone explain like i'm 5

    I signed up, application approved, deposited $5k which I now see in my balance. Now what?

    • SgtBatten on 24/07/2023 - 11:02

      Download the app. Claim rewards.

    • Lurk Hartog on 24/07/2023 - 11:02
      +1

      You should receive a link to play the game to claim your bonus shares. It's a spinning wheel.

      Give it a few minutes or check the notifications in the app if you can't see anything.

      • cyrax83 on 24/07/2023 - 11:03

        got it thanks doing spins now
        Edit: $141 USD. Not bad. Guess it's frozen for 30 days then you withdraw

        • CyberMurning on 24/07/2023 - 12:23

          sell and then withdraw

          • cyrax83 on 24/07/2023 - 12:33

            @CyberMurning: Can you only sell stock rewards after 30 days? Says gift is frozen

            • Charlie Dont Surf on 24/07/2023 - 12:57

              @cyrax83: Your stocks haven't been issued and don't appear in your account yet.

              • SgtBatten on 24/07/2023 - 14:09

                @Charlie Dont Surf: So for tax purposes the value in 30 days is what matters?

                • Charlie Dont Surf on 24/07/2023 - 15:47
                  +1

                  @SgtBatten: No, the day that it appears in your trading account is the relevant date and price. The day (or two) after it lands in your account, you will receive an email from them with a "Daily Activity Statement" which shows your securities movements. It can also be generated in the app. It will describe your shares as a "Gift Share" and you can choose to use the closing price (for that 'landing day') in the statement as your cost base. Futu's (Moomoo's) trading/summary documents are actually pretty good.

                  Edit: Just saw the comment below from Vee. If the stocks are frozen in your account until the 30 days passes, it raises the question about when you actually have "ownership" of the shares ie. an ability to sell them. This could impact on the cost price a little. I'd probably still go by the date/price listed in the initial activity statement.

                  Disclaimer: None of this should be construed as professional taxation advice :)

            • vee_el on 24/07/2023 - 13:06
              +1

              @cyrax83: With this new promo, the stocks are frozen until 30 days lapses. The previous promo with $2k deposit you could sell the stocks as soon as they landed in your account and also withdraw your initial deposit

  • SgtBatten on 24/07/2023 - 11:02
    +3

    Got $119USD from 15 spins. Gonna refer my wife for another 8 and 15 for her and see how it all goes.

    • vee_el on 24/07/2023 - 12:21

      Can you get 8 spins for referring? I thought it was 5.

      • SgtBatten on 24/07/2023 - 14:07

        It says 3 +5 more depending on the deposit amount.

    • SgtBatten on 24/07/2023 - 14:45
      +1

      Even worse from the second lot. $99USD. And about $40 from the referral. So $260usd with $10k tied up. Not sure I want to risk this

    • FiDad on 24/07/2023 - 15:06

      you did better than me. I got $114 USD from my 15 spins, thinking of doing the same as you and opening an account for mrs next

      • SgtBatten on 24/07/2023 - 15:07
        +1

        Barely haha. Opening another account was easy enough.

        Just wish I rolled a bit better luck.

        • FiDad on 24/07/2023 - 15:16

          i think you can get another 2 spins for doing a small trade.

      • littlesoldier on 24/07/2023 - 15:08
        +2

        I got similar, $126 after 15spins

  • s41614419 on 24/07/2023 - 11:23
    +3

    AMC's value has been double up

  • GeoK on 24/07/2023 - 11:46

    $40 USD from a referral, that is very low!

  • SmellyFoot on 24/07/2023 - 14:46

    Sent through $5000 on Friday and just got a notification saying they can’t process it due to insufficient information. What information wasnt provided? I have no idea. Hopefully will be able to get my money back

    • cooni on 24/07/2023 - 15:03

      Did they email you asking for a bank statement?

      • SmellyFoot on 24/07/2023 - 16:21

        ah yeah just had to do that. not sure why. all good now

  • moony on 24/07/2023 - 16:04
    +1

    Do we need to provide the tax file number information? I know it is not mandatory but wanted to check if others have provided.

    • SgtBatten on 24/07/2023 - 16:51
      +1

      I did on my application but not my wife's as I didn't have it handy.

      No issues with either.

  • Bladeyyy21 on 24/07/2023 - 18:03

    Deposited 5k and bought a couple of stocks. But now my assets value is a few dollars less than 5k. Does this mean I messed up and need to deposit again to keep the asset value above or equal to 5k?

    • FiDad on 24/07/2023 - 18:06
      +1

      Good question, no idea but i am interested to know this. Also did you get free spins for your first trade. I am not sure if first trade promotion is valid for us?

      • Bladeyyy21 on 24/07/2023 - 19:05
        +1

        Yea doesn't look like we get anything for making a trade

    • wavesgreen on 24/07/2023 - 18:13
      +2

      The allowed variance is laid out in the T&C.

    • cooni on 24/07/2023 - 18:15
      +3

      20% variation allowed.

      Keep your balance above 4k

  • 7hours 44min ago on 24/07/2023 - 19:06
    +1

    Anyone looked at his easy or costly it is to transfer the US stocks you won to Selfwealth? I want to hold onto them but withdraw my 5k at the end of the 30 days.

  • Bladeyyy21 on 24/07/2023 - 19:07

    One more thing, is it a good idea to buy $500 worth of stock and immediately sell it to earn the $50 coupon, or is this considered "false trading?"

    • Lurk Hartog on 25/07/2023 - 08:52
      +2

      That's fine. What you can't do is sell stocks at a loss for tax purposes and then immediately buy them back. That's considered a "wash sale".

    • CyberMurning on 25/07/2023 - 09:17

      why need to buy aud500 worth not less ? or is that usd500 ?

      • Bladeyyy21 on 25/07/2023 - 11:58
        +1

        That's what you gotta do to get the $50 cash coupon. Make a $500 aud worth order

        • CyberMurning on 25/07/2023 - 12:11

          oo so needto deposit $5000 to keep for 1 month and then extra $500 to trade?

  • coolc on 24/07/2023 - 19:54
    +3

    Seems 5000 promo is the worst so far.
    You have to keep money locked plus odds seems far worse.

    • FiDad on 24/07/2023 - 21:36
      +3

      Yes i wish i took the previous offer.

    • Bladeyyy21 on 24/07/2023 - 23:11
      +2

      Odds are worse but you get two $50 cash vouchers if you're a referee. Not many are talking about this.

      • FiDad on 24/07/2023 - 23:13

        What are these two $50 get us? Can we buy $50 worth of stocks with these?

        • Bladeyyy21 on 24/07/2023 - 23:15
          +2

          Im not certain yet, but it appears that if you complete a $500 stock order, you receive $50 in cashback 3 business days later. I made a buy order and immediately sold earlier in the day. Received a message that the coupon was used successfully and that I'll be receiving the $50 in 3 business days. Lost $5 though on limit buy/sell (maybe i shouldve bought something with more decimal places). I guess I'll find out in a couple of days what exactly will happen

          • FiDad on 24/07/2023 - 23:21
            +3

            @Bladeyyy21: Do keep us posted

            • Bladeyyy21 on 24/07/2023 - 23:27
              +2

              @FiDad: Will do. You can read more about them by opening the "coupons" tab in the app and tapping one of them (you should have 2 if you signed up through a referral code). Lengthy details and instructions are provided

            • Bladeyyy21 on 25/07/2023 - 20:01
              +3

              @FiDad: I just received the $50 cash reward. They add $50 aud to whatever amount you have. So it's just cash and you can do whatever you want with it (use to buy stocks, withdraw to your bank acc, etc)

              • wavesgreen on 25/07/2023 - 20:51
                +1

                @Bladeyyy21: Okay, interesting. I must admit I hadn't read into it (as I am not taking up this deal) but I thought it was a $50 voucher that could be put toward a trade. e.g. I could buy $1000 of TSLA with $950 from my balance and a $50 voucher.

                I mean, in the end it amounts to the same thing when I sell the shares but still interesting it is a straight up cashback.

              • FiDad on 25/07/2023 - 21:25
                +1

                @Bladeyyy21: Thanks mate. I will do the trade tomorrow, i think ASX trade sould qualify so no need to convert AUD to USD and buy US stocks?

                • Bladeyyy21 on 25/07/2023 - 22:43
                  +1

                  @FiDad: Yea i bought an ASX stock (and sold immediately)

                  • capslock janitor on 26/07/2023 - 01:34

                    @Bladeyyy21: Which stock?

                      • SgtBatten on 26/07/2023 - 06:12

                        @Bladeyyy21: I seem to have two of these vouchers on both my signup accounts. Did you do two trades and get two?

                        • Bladeyyy21 on 26/07/2023 - 06:53

                          @SgtBatten: I did two buy trades initially and only the first ended up using one of the vouchers successfully. Not sure why that is. Could be because I bought the same stock twice immediately after the first order. Once the 2nd failed, I decided to wait on the first $50 to arrive before going for the 2nd (which I'll be doing once the ASX opens).

                          • SgtBatten on 26/07/2023 - 07:09

                            @Bladeyyy21: please let me know. i'll do my first today.

                          • SgtBatten on 26/07/2023 - 11:02

                            @Bladeyyy21: Hmm i did a $525 buy and sell but can't see any change in the $50 coupons. Where did you see it got used?

                            Edit: App notification came about 15 minutes later.

                            • FiDad on 26/07/2023 - 12:12

                              @SgtBatten: Same pattern here. Got notifications about 10-15 mins after the sell order. Now i will do the 2nd trade in couple of days i guess

                            • Bladeyyy21 on 26/07/2023 - 12:44
                              +1

                              @SgtBatten: 2nd coupon still not registering after another $500+ buy. I've messaged support

                              • Bladeyyy21 on 26/07/2023 - 13:13
                                +2

                                @Bladeyyy21: Ok support said it's because the 2nd coupon is only for AU ETF's, and not stocks (this is true and can be confirmed through opening the coupon and reading the instructions). They also confirmed that the platform fees ($5 fee on every trade) will be reimbursed on August 15th

                                • FiDad on 26/07/2023 - 13:15
                                  +1

                                  @Bladeyyy21: Make sense. Thanks for update mate

                                  • Bladeyyy21 on 26/07/2023 - 13:45
                                    +1

                                    @FiDad: It worked. Getting the 2nd $50 in a couple of days

                                    • FiDad on 26/07/2023 - 14:00
                                      +2

                                      @Bladeyyy21: Great. These 2 $50 vouchers makes the deal a little bit more even compared to previous deals

                                      • SgtBatten on 26/07/2023 - 15:37
                                        +1

                                        @FiDad: Agreed. I managed my two buys an sells (two accounts) without losing any money so hopefully can repeat with an etf

        • rsmallri on 27/07/2023 - 10:19
          +2

          I was able to redeem the $50 stock coupon. For the $50 ETF coupon I did a trade but the coupon is showing as having expired on the day of the deposit, does anyone else have that ?

          Edit: actually all good it just took a while to register that it had been used

  • WADealsHunter on 24/07/2023 - 21:44
    +1

    I earned over 1.8k aud from sign-up, referral, and stock transfer + deposit (they were running $100 cash voucher for every 5k deposit/stock transfer promo a couple of months ago)

  • hellodealhunter on 24/07/2023 - 22:52

    Deposited 5k. 15 spins for total shares of just $98 (usd).
    I will make a small trade for 2 more free stocks, for referral.

    Anything else? What is Stock Transfer thing ?

    Not sure how people getting $500+ or some are getting $1.5k+

    • Charlie Dont Surf on 24/07/2023 - 22:54

      Stock transfer refers to moving stocks from one broker to another.

      Some people posting above got a similar amount to you.

  • morebunnings on 25/07/2023 - 08:12

    $147 from my 15 spins. More than some. Now the 1 month wait..

    • capslock janitor on 26/07/2023 - 01:35

      Why month for

      • morebunnings on 26/07/2023 - 05:47

        Shares are locked for 1 month, and you have to keep your money in the account for 1 month to unlock them.

  • Lurk Hartog on 25/07/2023 - 10:54
    +1

    Do I need to wait for my trades to "settle" before withdrawing my cash?

    They are still listed as "pending settlement".

  • ozbmm on 25/07/2023 - 12:57
    +1

    Thanks OP!

    I signed up in the last promo but the fees prior to 15/7 are still not refunded. Has anyone got their fees refunded?

    • cosmic on 25/07/2023 - 14:31
      +4

      ASX brokerage fees (minus GST) for June are refunded by July 15, fees for July are refunded by Aug 15, etc.

  • Purkulator on 25/07/2023 - 18:07
    +1

    Contemplating whether it is worth the risk of putting $5000AUD for 30 days over $150USD of shares…
    Only a bit suss given that they are upping their previous offer of $2000 and wanting to hold for 30 days, do they know something we don't?

    Who has successfully withdrawn?

    • ozbd on 25/07/2023 - 18:11
      +1

      The whole promo is to entice people to trade. The longer you hold money in the account the more likely you are to trade. They ended the old promo because obviously people could complete the requirements too easily.

      • wavesgreen on 25/07/2023 - 21:32
        +1

        I'm personally not a huge fan of any service that uses the word "freeze" when it comes any financial assets that ostensibly belong to me but are in their safekeeping.

    • Autonomic on 28/07/2023 - 16:12
      +1

      It used to be hold for 30 days back in the day as well. Look at the previous deals.

  • Bladeyyy21 on 25/07/2023 - 19:04

    Would it be a bad idea to get my mum to open an account? She's on pension and might then be subject to tax requirements

    • cooni on 25/07/2023 - 21:39
      +2

      Basically zero tax implication

  • freoleo on 25/07/2023 - 22:27

    Only got like 120 USD

    • itsfree on 28/07/2023 - 09:46
      +2

      90 for me. 🙄

      • ozvince on 30/07/2023 - 18:57
        +1

        same here!

  • capslock janitor on 26/07/2023 - 01:59
    -1

    Arriving/processing?

  • illiterate on 26/07/2023 - 16:42
    +1

    is anyone getting repeated calls and whatsapp messages from them after signing up? it's annoying af

    • cooni on 26/07/2023 - 16:56

      Haven't received any contact… did you start signing up and then pull out?

    • maggiemee on 26/07/2023 - 21:45

      yes I was contacted straight away after the account approved. Via phone calls twice, and then whatsapp twice

  • FiDad on 27/07/2023 - 11:42
    +2

    Reffered my wife and managed to get 1 GME in my 8 free spins with total of $65 USD. Also mrs managed to get 3 GME in her 15 spins with a total of $149 USD. Not too shabby

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