This was posted 6 months 30 days ago, and might be an out-dated deal.

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$100 / $200 / $300 Stock Cash Coupon When You Transfer Existing Portfolio (Min $10,000 / $50,000 / $100,000) @ Moomoo

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$100 / $200 / $300 Stock Cash Coupon When You Transfer Existing Portfolio (Min $10,000 / $50,000 / $100,000) @ Moomoo
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woozie3 on 16/05/2024 - 05:11 moomoo.com (183 clicks)
Last edited 16/05/2024 - 05:29

Posting this more to share that CHESS sponsored trading is now available at Moomoo, for greater peace of mind (https://www.prnewswire.com/apac/news-releases/leading-broker…). $3 per trade or 0.03% of transaction value, whichever value is greater (Australian shares and ETFs).

This promotion is for First-time Position Transferee.
If you're lucky enough to have $450k, you'd get $400 stock cash coupon and $1,849 Apple gift cards (value of an iPhone 15 Pro 128gb).
Non-First-time Position Transferee need a min. of $50k/ $150k/ $1 Mil for $200/ $300/ $400 coupons.

4 X $100 stock cash coupons each applicable to one buy order valued over AUD $100 only.

Be careful of fees if ever transferring holdings out of Moomoo: A$55 per AU stock.

Referral Links

Referral: random (230)

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 Exchange Traded Fund Share Trading Shares (financial)

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closed Comments

  • Jessie Ryder on 16/05/2024 - 05:48
    +2

    $55 to transfer out is too much.

    • Slo20 on 16/05/2024 - 06:02

      $55 per stock too. Not per portfolio.

      • BuBerryCo on 17/05/2024 - 08:14

        Yeah agree.

  • nuts on 16/05/2024 - 06:04

    🤣

  • BuBerryCo on 16/05/2024 - 07:08

    “A$55 per AU stock.”

    Per stock? per stock holding (parcel of a stock)?

    • Ozfanmel on 16/05/2024 - 08:06

      It may be for manual stock transfer

      • BuBerryCo on 16/05/2024 - 14:14

        Not sure what you mean? My query was whether per stock implies parcel of stock. I.e. 10,000 stocks each valued at $1.00 (treated as a “stock”)

    • woozie3 on 16/05/2024 - 16:33

      Their example (fee is US$50 per US stock):
      if you transfer two US stocks, such as BABA and AAPL, from Moomoo AU trading to an outside brokerage firm at the same time, the total transfer fee will be $100.

  • barg99 on 16/05/2024 - 07:59

    mooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo

  • Maxxjet on 16/05/2024 - 08:12

    terrible value compared to Webull….no thanks!

    • BarrytheBargain on 16/05/2024 - 08:53

      We bull looks to be 4.90 minimum for asx? This seems better value for smaller trades

  • orido on 16/05/2024 - 09:32

    For ASX Stake also doing $3 CHESS Sponsored, own HIN trades. 0.1% for trades over $30K where moomoo is 0.3% for over 30k.

    For US Trades, moomoo has $0.99 platform fee. But does not include settlement fee, SEC fee, trade activity fee (whatever those are). For a USD$10K Trade, their fee calculator shows you are paying a total of USD$4.24. Where as Stake has a flat fee of $3. But when they list the comparison, they only say its $0.99 vs $3.

    Also, Stake is an Australian owned and operated company FWIW

  • chotagpt on 16/05/2024 - 10:12

    What if you transferred your portfolio into MooMoo and then sold the holdings rather than transferring out, forgetting for a minute any tax issues that may arise doing this? Then no worries around $55 transfer fees, am I right?

    • binagran on 16/05/2024 - 10:23

      Yes, you're right. Although not sure it would be worth it.

  • BuBerryCo on 16/05/2024 - 14:19

    Can someone please clarify “A$55 per AU stock” - this means bundle or company of an ASX stock and not a single AU share.

    The later would be unrealistic.

  • WADealsHunter on 20/05/2024 - 22:21
    +1

    I think I'm going for the 450k to get an iphone15 :)

  • devilbabies on 28/05/2024 - 15:52
    +1

    Transfer eligible assets to MFI during the Promotion Period from an account at one of the following broker-dealers: Robinhood, Webull, TD Ameritrade (including ThinkorSwim),Interactive Broker, Fidelity, E Trade, Cash App, Charles Schwab, Ally Invest, Firstrade, or Merrill Lynch. Transfers from other broker-dealers are not eligible for this Promotion.

    just noticed this in the terms and conditions. are y'all aware of this?

    • concento on 29/05/2024 - 12:03

      Good spotting, did anyone transfer from Selfwealth get the promo bonus?

      • devilbabies on 29/05/2024 - 12:50
        +2

        I've emailed them to see if it is a mistake. That's a list of brokers used by Americans and I think it's too restrictive for an Australian promo. I think they've edited the terms and conditions for a promo meant for Americans and accidentally left this in.

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