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New Customers: Earn 6.8% p.a on Uninvested Cash (on Balances up to A$100,000) for First 180 Days @ moomoo

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New Customers: Earn 6.8% p.a on Uninvested Cash (on Balances up to A$100,000) for First 180 Days @ moomoo
Go to Deal
LastByte IT on 27/02/2024 - 18:18 fego-au.moomoo.com (263 clicks)
Last edited 27/02/2024 - 18:24 by 2 other users

T&Cs listed in the promo link. (10 free stocks with eligible $100 and $2000 deposits). From my understanding it's an unsecured credit provider but backed by popular capital funds and regulated by Australian Securities and Investments Commission. You can research online of the risks involved. Existing members get 30-60 days depending on criteria satisfied. https://www.google.com/search?q=reddit+moomoo+cash+risk

Cash Plus Introductory Offer can only be activated, after signup, through the "Unlock Now" button on the deal page.

Referral Links

Referral: random (479)

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 Cash Management Account

Related Stores

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closed Comments

  • Jaduqimon on 27/02/2024 - 18:19
    +5

    "please step on my rug, its very pretty"

    • callum9999 on 27/02/2024 - 19:36
      +1

      Am I out of touch or do you/viospeed not fully understand what a rug pull is?

    • Store RepMoomoo Australia @ moomoo on 04/03/2024 - 14:06

      Hi, sorry to hear about your concerns. Moomoo is a regulated global share trading platform (AFSL no. 224663) with more than 52 licences in major financial markets worldwide. Our brand is relatively new in the Australian market but our parent company is backed by Tencent, Nasdaq-listed (NASDAQ: FUTU) and was ranked second on Fortune's 100 Fastest-Growing Companies list of 2022. We are not a credit provider nor do we intend to provide any form of credit to our clients. Our clients' funds are held secured in designated client money trust accounts and are fully segregated from moomoo's own funds. Hopefully these addresses any concerns regarding the likelihood of a 'rug pull'.

  • Ozbargainite on 27/02/2024 - 18:59
    +1

    Hell to the no,no,no…no, Hell no.

  • Viospeed on 27/02/2024 - 19:03

    Looks like a rug in the making.

    • Store RepMoomoo Australia @ moomoo on 04/03/2024 - 14:07

      Hi, sorry to hear about your concerns. Moomoo is a regulated global share trading platform (AFSL no. 224663) with more than 52 licences in major financial markets worldwide. Our brand is relatively new in the Australian market but our parent company is backed by Tencent, Nasdaq-listed (NASDAQ: FUTU) and was ranked second on Fortune's 100 Fastest-Growing Companies list of 2022. We are not a credit provider nor do we intend to provide any form of credit to our clients. Our clients' funds are held secured in designated client money trust accounts and are fully segregated from moomoo's own funds. Hopefully these addresses any concerns regarding the likelihood of a 'rug pull'.

  • effraye on 27/02/2024 - 19:36
    +8

    Moomoo AU is not a bank and the Cash Plus program is not a bank deposit.

    Ahhh hell no

    • Store RepMoomoo Australia @ moomoo on 04/03/2024 - 14:08

      Hi! You're correct, we are not a bank, and the cash plus program is not intended as a bank deposit product. Moomoo is a regulated global share trading platform (AFSL no. 224663) with more than 52 licences in major financial markets worldwide. Cash Plus is a cash management program offered by Moomoo AU to Australian clients. We offer the Cash Plus Program as a means for Australian investors to earn interest on their uninvested cash balance while they make their next trading decision. Moomoo AU holds client funds in designated client trust accounts held at Commonwealth Bank Australia and HSBC Bank Australia, which are fully segregated from Moomoo AU's own funds.

      • effraye on 04/03/2024 - 17:00
        -1

        Doesn’t matter if you become insolvent we are unsecuted creditors, last in line for our cash.

  • Hugh G Rection on 27/02/2024 - 19:40
    +2

    i put in a $100 from last time, still don't see the high interest im suppose to have earned.

    • LastByte IT on 28/02/2024 - 14:24

      I picked up on this too. Following up with support. Make sure as an existing user you need to deposit 2000 for thr 6.8% cash rate but I did. Have my TFN added as well.

    • Store RepMoomoo Australia @ moomoo on 04/03/2024 - 14:08

      Hi, if you are a participant of Cash Plus, the interest earned from the Cash Plus program is accrued daily and will generally be paid to your account at the beginning of the next month. Refer to this page https://invest.au.moomoo.com/welcome_rewards to keep track of your total Cash Plus earnings. Moomoo's Cash Plus deposited from AET 20:00 on T-1 to AET 20:00 on T day will be included in the asset interest on that day, and after AET 20:00, they will be included in the asset interest on the next day. The cash balance is the cash withdrawable amount. Any cash held under pending orders and unsettled orders is not entitled to interest. Funds deposited into your trading account after AET 12pm will be calculated from the next day onwards. If you are still having issues, please contact our customer support team.

  • uraha on 27/02/2024 - 19:47
    +1

    I’ve seen them with a booth at a shopping centre. Seem suss

    • LastByte IT on 28/02/2024 - 14:24

      That's how I joined and got some free Telstra stock, at World Square.

    • LastByte IT on 28/02/2024 - 14:25

      Haven't invested in stocks yet but almost did. I got more free stocks with the 100 and 2000 deposits.

  • bokka on 28/02/2024 - 15:05
    -1

    Not a smart decision. This is not a bank and is not protected by the governments deposit scheme. The risk premium over other savings account that are bank backed is definitely not worth it.

    • Store RepMoomoo Australia @ moomoo on 04/03/2024 - 14:09

      Hi, thanks for your comment. You are correct, we are not a bank and our Cash Plus Program does not constitute as a bank deposit, nor is it a savings account. Moomoo is a regulated global share trading platform (AFSL no. 224663) with more than 52 licences in major financial markets worldwide. Our brand is relatively new in the Australian market but our parent company is backed by Tencent, Nasdaq-listed (NASDAQ: FUTU) and was ranked second on Fortune's 100 Fastest-Growing Companies list of 2022. We offer the Cash Plus Program as a means for Australian investors to earn interest on their uninvested cash balance. Moomoo AU holds client funds in designated client trust accounts held at Commonwealth Bank Australia and HSBC Bank Australia, which are fully segregated from moomoo AU's own funds.

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