The number of brokerages who will give you free shares of stock continues to grow.
The latest company to offer shares of stock is a brokerage called Moomoo.
It’s a funny name but they’re just playing off how we call rising markets “bull markets” and cows go “moo.” Bulls go “moo moo.” (ok they don’t, but that’s what they’re after!)
They have gotten really generous in their promotion offers and the active offer right now is
Table of Contents
| Brokerage | Bonus Promotion | Link |
|---|---|---|
 | up to $25,000 | Learn more |
 | up to 12 free stocks from the Brokerage+ up to $3,000 from Cash Management | Learn more |
| 16 Free Stocks | Learn more |
 | free stock (valued $5 - $200) | Learn more |
 | Up to $500 cash | Learn more |
 | up to $700 | Learn more |
Who is Moomoo?
With the rise of platforms like Robinhood and Webull, both of which have been around for several years, it’s no surprise that a lot of investing companies are following their marketing plan – but who exactly are these companies?
Moomoo is a no commission brokerage that lets you invest in stocks, ADRs, ETFs, and options without a commission (options cost $0.65 per contract). You pay the regulatory fees, like the SEC pass through fees and FINRA pass through fees for sells only, but no commission on the trades to Moomoo. There are currently no platform fees for the US market.
Securities are offered through Moomoo Financial Inc, which is regulated by the U.S. Securities and Exchange Commission and you can review their records on FINRA’s BrokerCheck (CRD#: 283078/SEC#: 8-69739). They are headquartered at 550 S. California Ave, Suite 200, Palo Alto, CA 94306 and have been established since 2015 – which is far older than I thought since they are relatively new to me. They are licensed in 53 U.S. States and Territories.
Moomoo Financial Inc. is a member of the Securities Investor Protection Corporation (SIPC) which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). SIPC coverage does not protect against a loss in the market value of securities.
How to Get Free Stock from Moomoo
Moomoo is running a promotion where you can get free stock just for opening an account. You can get more stock when you deposit money into your account.
| Total Net Deposit | Total Stocks You’ll Get | Eligibility |
|---|---|---|
| $100 – $999.99 | 5 free stocks + $100 Cash | New client |
| $1,000 – $4,999.999 | 15 free stocks + $100 Cash | New client |
| $5,000 or more | 15 free stocks + $100 Cash + 1 free share of $TSLA or $GOOG | New client |
You will need to maintain the average asset balance for 60 days to get the bonus.
Click the link below for more information on the offer and the terms and conditions around it.
When you become a Moomoo user, you can also refer others to the platform and get stock. You get one stock for the first referral (after they deposit $100). You get two stocks for the 2nd through 10th person who joins and makes a $100 deposit. You get three stocks for the 11th (and onward).
What Stocks Can You Get?
The “other” stocks you can get will vary but the value is listed as being worth $3 to $2,000.
If you assume all the other free stocks are worth $3 and you get the bonus stock of TSLA (~$275) or GOOG (~$120), then value at the top tier is $45 + $100 + ($275 or $120).
This bonus is valued at a minimum of $265 – $420. It could be higher if you get stocks greater than $3 in value.
How Does It Compare?
Robinhood offers just a single share of stock while Webull will give you a few shares based on deposits too. So it’s a better offer than Robinhood, simply because you can get more by making a deposit, and comparable to what Webull is offering.
The account has no maintenance fees, it’s free to open, and there are no activity requirements. I don’t see a downside to opening an account and getting the free shares of stock.
Disclosures: Moomoo is a financial information and trading app offered by Moomoo Techonologies Inc. Securities are offered through Moomoo Financial Inc., Member FINRA/SIPC. The creator is a paid influencer and is not affiliated with Moomoo Financial Inc. (MFI), Moomoo Technologies Inc. (MTI) or any other affiliate of them. The experiences of the influencer may not be representative of the experiences of other moomoo users. Any comments or opinions provided by the influencer are their own and not necessarily the views of MFI, MTI or moomoo. Moomoo and its affiliates do not endorse any trading strategies that may be discussed or promoted herein and are not responsible for any services provided by the influencer. This advertisement is for informational and educational purposes only and is not investment advice or a recommendation to engage in any investment or financial strategy. Investing involves risk and the potential to lose principal. Investment and financial decisions should always be made based on your specific financial needs, objectives, goals, time horizon and risk tolerance. Any images shown are strictly for illustrative purposes. Past performance does not guarantee future results.
