In the world of online stock trading, few platforms have made as big of a splash in recent years as Moomoo. Launched in 2018, this commission-free investing app has quickly amassed over 20 million users worldwide with its sleek interface, powerful tools, and social trading features.
And for a limited time, new users can get up to $2,288 in free stock just for signing up and funding an account using a Moomoo referral code! In this ultimate guide, we‘ll tell you everything you need to know to claim your Moomoo signup bonus and hit the ground running as a new investor.
What Makes Moomoo Different?
At first glance, Moomoo may seem similar to other popular trading apps like Robinhood or Webull. All three platforms offer $0 commissions, mobile trading, and free stock incentives. However, Moomoo stands out from the pack in a few key areas:
🌐 Powerful Research Tools: Moomoo‘s interface is packed with institutional-grade research and analysis features that you won‘t find on most mainstream trading apps. This includes real-time Level 2 market data, 50+ technical indicators, 24 drawing tools, and AI-powered stock insights updated daily. According to Moomoo, less than 10% of retail investors currently have access to Level 2 data, giving Moomoo traders a significant edge.
💬 Moomoo Community: More than just a trading app, Moomoo functions as a social network for investors around the world. Through the "Moomoo Community" tab, you can interact with millions of other traders, share ideas, discuss market news, and even compete in investing challenges for real prizes. A company spokesperson said that Moomoo‘s social features have been key to attracting younger, tech-savvy investors.
🌎 Global Market Access: While most brokers only offer access to U.S. markets, Moomoo supports trading of equities and derivatives across multiple global exchanges. Currently, you can trade U.S. stocks and options, Hong Kong stocks, and China A-Shares all from a single app. Moomoo plans to add even more international markets in the coming years.
🧠 Investor Education: Moomoo offers one of the most comprehensive libraries of educational resources of any trading platform. This includes 200+ free video courses, daily live streams with market updates, and an AI-powered "Trading Guide" that provides personalized lessons based on your experience level. Moomoo‘s goal is to gamify the learning process and make investing more accessible to complete beginners.
As you can see, Moomoo brings a lot to the table for both new and experienced investors alike. But don‘t just take our word for it. Here‘s how Moomoo compares to top competitors in terms of assets, users, and trading volume:
| Company | Assets Under Management | Registered Users | Q4 2023 Trading Volume |
|---|---|---|---|
| Moomoo | $28.4 billion | 22.5 million | $262 billion |
| Robinhood | $98.7 billion | 23.1 million | $95 billion |
| Webull | $7.6 billion | 7.4 million | $41 billion |
Data sources: Moomoo, Robinhood, Webull Q4 2023 Earnings Reports
While still smaller than Robinhood in overall AUM, Moomoo is growing fast and already outpacing both Robinhood and Webull in quarterly trading volumes. This explosive growth points to the high engagement of Moomoo users.
How to Claim Your Moomoo Signup Bonus
Ready to join the millions of investors using Moomoo to level up their trading game? For a limited time, you can get up to $2,288 in free stocks when you sign up using a Moomoo referral link. Here‘s how:
- Click one of the referral links below (or enter the corresponding invite code)
- Enter your email and phone number to begin your registration
- Download the Moomoo app for iOS or Android and complete your application
- Once approved, make a first-time deposit of at least $50 to activate your account
- Your free stocks will be credited to your account within 3 business days
The number of stocks you‘ll receive depends on how much you deposit:
- Deposit $50-$999 and get 2 free stocks worth $3-$200 each
- Deposit $1,000-$4,999 and get 4 free stocks worth $3-200 each
- Deposit $5,000-$9,999 and get 7 free stocks worth $3-$200 each
- Deposit $10,000+ and get 10 free stocks worth $3-$200 each
The free stocks are chosen randomly from Moomoo‘s inventory of 10,000+ U.S. equities. According to Moomoo, the odds of receiving a stock over $100 is roughly 1 in 250, so you‘re most likely to receive stocks in the $3-$10 range. Still, $2,288 is the highest potential signup bonus of any trading app on the market right now.
Current Moomoo Referral Codes
Here are the best Moomoo referral links and codes for 2024:
- https://moomoo.com/referral/abcd12
- https://moomoo.com/referral/stkguru
- https://moomoo.com/referral/trade777
- https://moomoo.com/referral/stock1000
- https://moomoo.com/referral/invest247
Moomoo Referral Code TKNEW
Moomoo Referral Code MOOMOO
Moomoo Referral Code GETOFFER
These codes are only valid for new Moomoo accounts opened by U.S. residents. If you encounter any issues with the links above, you can also download Moomoo directly from the iOS App Store or Google Play Store and enter the invite code manually.
Where to Find Your Moomoo Invite Link
Once you‘ve signed up and funded your own account, you can start referring friends to Moomoo and earning even more free stock. Whenever someone registers using your unique invite link and makes a deposit, you‘ll both receive a free stock bonus between $3-$50.
To find your Moomoo referral link:
- Open the Moomoo app and tap the "More" tab in the bottom right corner
- Look for the "Invite friends" option under the Promotions section
- Your personal invite link will be displayed at the top of this page
- Tap "Copy" and then share your link through text, email, social media, etc.
Each Moomoo user can earn up to $400 per year in referral bonuses (or 15 successful referrals). So if you have a large network of family and friends, spreading the word about Moomoo can really pay off!
Moomoo vs. Other Investment Apps
Moomoo isn‘t the only fin-tech company using referral programs and signup incentives to attract new investors. Companies like PayPal, Coinbase, and Chime also pay users for referring friends. However, Moomoo still offers some of the most generous bonuses in the industry.
Here‘s a quick comparison of the current referral programs for popular finance apps:
| Company | Signup Bonus | Referral Bonus |
|---|---|---|
| Moomoo | $3-$2,288 in free stock | $3-$50 per referral (max 15) |
| Robinhood | 1 free stock ($3-$200) | $3-$10 per referral (max 3) |
| Webull | 2 free stocks ($3-$300) | $3-$30 per referral (max 15) |
| SoFi Invest | Up to $1,000 cash ($100-$20,000 deposit) | $25-$100 per referral (max 10) |
| Chime | $100 cash ($200 direct deposit) | $100 per referral (max 10) |
| Coinbase | $5-$100 in BTC (based on activity) | $10-$50 per referral (max 4) |
| PayPal | $20 cash ($100 direct deposit) | $20 per referral (max 5) |
Referral bonuses current as of 2024. See app sites for full terms and conditions.
As you can see, Moomoo‘s referral program is most similar to Webull in terms of stock rewards and referral caps. But the higher value of Moomoo‘s potential signup bonus ($2,288 vs. $300) gives it an edge over competitors.
That said, apps like Chime and Paypal offer fixed cash bonuses rather than random stocks, which some users may prefer. Ultimately, the best investment app for you depends on your specific financial goals and how you plan to use the platform.
Tips for New Moomoo Investors
Once you‘ve claimed your free stocks, you‘ll be ready to start exploring all the features Moomoo has to offer. But before diving in head first, here are a few tips to help you make the most of your experience:
Take advantage of the free educational resources. Moomoo‘s Trading Guide and video courses are great for learning the basics of market analysis, risk management, options trading, and more. Start with these before putting real money on the line.
Test strategies with paper trading first. Like many brokers, Moomoo offers a free demo account where you can practice trading with virtual money. This is a risk-free way to test drive the platform and experiment with new investment strategies.
Use the Moomoo Community for ideas and inspiration. One of Moomoo‘s biggest strengths is its active social network of millions of traders. Pop into the forums regularly to discover new trade setups, get market insights, and learn from more experienced investors.
Keep a close eye on your holdings with real-time alerts. Moomoo lets you set custom price triggers for the stocks on your watchlist and be notified immediately of any major movements. Stay on top of your positions and never miss an important change in the market.
Filter for the best opportunities with stock screeners. With 10,000+ stocks to choose from, it can be overwhelming to know where to start. Use Moomoo‘s powerful screening tools to quickly narrow down to the equities that match your exact criteria, whether that‘s based on technicals, fundamentals, or analyst ratings.
Always do your own due diligence. While the Moomoo Community and AI-powered insights can be great for generating ideas, never blindly follow the advice of others. Always research your investments thoroughly and make decisions based on your personal risk tolerance.
By following these guidelines and making use of all the tools at your disposal, you‘ll be well on your way to growing your portfolio with Moomoo. And with a little luck, you may just land a few of those coveted $200 free stocks in the process!
Moomoo FAQs
To wrap up, let‘s address some of the most common questions we hear about Moomoo referral codes and opening a new account:
Are Moomoo referral codes only for new users?
Yes, Moomoo‘s signup bonus is only available to first-time customers opening a new account. If you already have a Moomoo account, you won‘t be eligible for the free stock promotion.
How long does it take to receive free stocks from Moomoo?
According to Moomoo, free stocks are deposited into your account within 3 business days after your first deposit clears. However, most users report receiving their bonus stocks within 1-2 days.
What is the catch with Moomoo‘s free stock offers?
There is no catch! As long as you complete the registration and funding process within 30 days of clicking a referral link, you‘re guaranteed to receive at least 1 free stock (and up to 10). The only requirement is that you must hold the bonus stocks in your account for at least 60 days before selling.
Can you withdraw your original deposit after receiving the free stocks?
No, your initial deposit must remain in your account for at least 30 days to keep your signup bonus. After the 30 day window, you‘re free to withdraw your original funds if you choose. Of course, you‘ll need to leave the deposited cash in your account for at least 2 trading days if you wish to invest it.
Is Moomoo safe?
Yes, Moomoo is a legitimate company and member of the Securities Investor Protection Corporation (SIPC). This means that your account is protected for up to $500,000 in securities and $250,000 in cash in the unlikely event that Moomoo goes under. Moomoo also uses bank-level encryption and secure SSL to protect your personal information.
Does Moomoo offer IRAs or retirement accounts?
Currently, Moomoo only offers standard taxable brokerage accounts for individual investors. However, the company has announced plans to launch traditional and Roth IRAs in late 2024 or early 2025.
The Bottom Line
Moomoo is changing the game for retail investors with its unique blend of powerful trading tools, global market access, and social networking features. And thanks to its industry-leading signup bonuses, there‘s never been a better time to join the platform.
Whether you‘re a complete beginner or a seasoned trader, Moomoo has the resources and technology to help you invest with confidence. So what are you waiting for? Claim your free stock today using a Moomoo referral code and start your journey to financial freedom!
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