Declare Your Free Shares At the moment
Investing within the inventory market is enjoyable, however you understand what’s much more enjoyable? Getting free shares only for making a brokerage account!
Whereas there are a number of on-line brokerages that provide a free share of inventory for brand spanking new customers, there’s just one that gives a number of shares with minimal necessities. We’re speaking about moomoo.
Moomoo is a digital brokerage and funding platform. It’s registered with the Securities and Trade Fee (SEC) and a member of FINRA. That implies that it’s on the extent, absolutely regulated, and protected to make use of.
Security Is essential, however we’re right here to inform you about how one can declare free shares only for creating an account and making a small preliminary deposit. These are actual shares and as soon as moomoo awards them to your account, they’re yours to maintain.
Who doesn’t love free stuff? With moomoo’s Free Inventory Rewards, you may snag free shares simply by taking part of their giveaways. Whether or not you’re simply beginning out or trying to increase your portfolio, it’s a reasonably candy deal. Prepared to assert your free shares?
What Are Moomoo Free Inventory Rewards?
Moomoo affords free inventory rewards for brand spanking new customers. Merely acknowledged, it’s a rewards program that may take a number of kinds. What all of them have in frequent is that they’re free inventory giveaway occasions which can be open to new moomoo customers. In case you’re a present moomoo person however haven’t but made an preliminary deposit to your account, you might also qualify.
Every occasion has its personal distinctive rewards and necessities. The most typical requirement is that you simply’ll have to make an preliminary deposit, and the minimal is $100.
Earlier than we get into an summary of how one can declare your moomoo free inventory rewards, right here’s an instance of what a particular free inventory giveaway occasion would possibly appear like. In February of 2025, moomoo is making a gift of ten free shares valued between $2 and $2,000 to any new person or first-time depositor who makes a minimal deposit of $100. Individuals who deposit $2,000 or extra will obtain 25 free shares.
The necessities to assert free shares additionally differ from giveaway to giveaway, however among the most typical necessities embody making a minimal deposit of $100 and sustaining a $100 common account steadiness for 60 days. After the 60 days are up, you’ll obtain “draw alternatives,” which you have to declare and redeem for the free shares in query. The shares you draw are random.
One closing be aware: the shares you obtain are more likely to be fractional shares. Which means you might get a fractional share of a inventory that’s buying and selling at a excessive worth. Right here’s a breakdown of the percentages of receiving shares at numerous costs.
- 99.559% likelihood of getting a share price between $2 and $9.99
- 0.4% likelihood of getting a share price between $10 and $99.99
- 0.041% likelihood of getting a share price $100 or extra
As you may see, you’re more than likely to finish up with shares price lower than $10, however that doesn’t imply you gained’t earn a revenue in the long term.
Professional Tip:
Enroll immediately with Moomoo and get an additional 4% added to your Money Candy program APY (for a complete of 8.1%) for 3 months.
Declare Free Shares on Moomoo
There are two totally different strategies for claiming free shares on moomoo. If you wish to know find out how to declare free shares on moomoo, you’ll have to know find out how to declare shares immediately or by way of activity completion.
Direct Claiming
To make the most of immediately claiming your free shares, right here’s what you’ll have to do.
- Open a common account. FYI, a common account is one which helps buying and selling shares in numerous markets and with totally different currencies. For instance, you would possibly be capable of commerce within the US, Hong Kong, and China.
- Select the market the place you wish to declare shares. In different phrases, if you would like shares from the Hong Kong market, you’ll need an account that permits you to commerce there.
- Meet another necessities. Once more, necessities differ from giveaway to giveaway, so we will’t inform you precisely what you’ll have to do to assert your shares.
We recommend direct claiming if you wish to have some management over which shares you get by which market.
Activity Completion
In case you’re not choosy about which free shares you get from moomoo, then you may go along with the activity completion methodology to get your free shares or fractional shares.
- Create a free moomoo account.
- Learn the small print for the energetic inventory giveaway, ensuring you perceive what’s required of you.
- Take the steps required. A few of the most typical duties you’ll want to finish embody:
- Making a minimal deposit, normally $100
- Sustaining a minimal common steadiness for 60 days
- Making a specified variety of trades
- Claiming your free shares earlier than the promotional interval ends
It’s essential to notice that the promotional intervals usually final about 75 days, so which means you’ll have to make your deposit within the first 15 days to have the ability to take full benefit of the giveaway.
The place to Observe Your Free Shares in Moomoo
When you’ve obtained your free shares from the inventory giveaway on moomoo, you’ll have to know find out how to monitor free shares in moomoo.
The very first thing you’ll have to know is that it’s important to maintain the moomoo app up to date in your cellular machine. You might have already got your settings configured to routinely set up updates once they turn out to be out there. In case you don’t, then you definitely’ll have to manually test to see if there’s an replace out there.
When you’ve up to date, observe these steps to trace your free shares.
- Click on “Accounts” to view your account.
- Click on “Inventory Rewards” to see your free shares. That is the place you may see precisely which shares you’ve been rewarded.
- Click on “Information” to watch the progress of your inventory rewards.
The Information tab will present you the standing of your rewards. What we imply by that’s that you simply’ll see what number of days till you obtain your rewards and the standing of any duties you’ll want to finish to assert them.
Professional Tip:
Enroll immediately with Moomoo and get an additional 4% added to your Money Candy program APY (for a complete of 8.1%) for 3 months.
When Will My Free Shares Seem in My Moomoo Account?
One query we count on lots of people shall be asking at this level is in regards to the free shares credit score timeline. After you’ve accomplished all duties and claimed your free shares in your moomoo account, when are you able to count on these free shares to be credited to your account?
The reply, which we bought immediately from moomoo, is that moomoo will credit score your free shares to your account inside 5 buying and selling days (T+5) after you’ve formally claimed them. A buying and selling day is outlined as a day when the market is open and buying and selling is occurring. So, for instance, should you claimed your shares on a Friday, you need to count on to see them seem in your moomoo account by the next Friday on the newest, since there’s no buying and selling on Saturday or Sunday.
On a associated be aware, one other frequent query has to do with when you may start buying and selling your free shares. The quick reply is that you may start buying and selling them instantly. Nonetheless, we advocate that you simply be sure to perceive any associated charges. In case your buying and selling charges exceed the quantity of funds you have got deposited, you might find yourself in a deficit and owing cash to moomoo.
Why Are There Completely different Circumstances for Claiming Free Shares?
As we’ve already talked about, there are situations for claiming free shares on moomoo. You’ll want to fulfill all situations so as to declare your free shares.
There are lots of commonalities when it comes to the situations for every giveaway, however they do differ. We will’t particularly say why moomoo varies the situations, however a very powerful takeaway as soon as you understand that the phrases might change is that you need to all the time learn the occasion guidelines earlier than taking part within the giveaway.
We all know that studying the nice print isn’t everybody’s concept of time, but it surely’s the one method to just be sure you’re sticking to the foundations and doing every part it’s essential do to get your free shares. In case you miss a step or deadline, you gained’t have one other likelihood.
We’ve already talked about among the most typical situations, which embody making a minimal deposit, sustaining a minimal common steadiness for 60 days, and claiming your free shares earlier than the promotional interval ends.
As a reminder, should you’re trying to immediately declare shares in a particular market, you’ll want to join a common account to get them.
Frequent Points and Troubleshoot Them
Now, let’s run by way of the commonest points that moomoo customers encounter whereas attempting to assert their free shares on moomoo. Troubleshooting free inventory claims can assist you declare your shares in time and keep away from lacking out on the chance to get these free shares.
Unclaimed Free Shares
One of many largest points moomoo customers report is the size of time it takes some duties to settle. Time in these duties is all the time measured in buying and selling days, which we talked about above. Moomoo isn’t going to depend Saturday or Sunday as buying and selling days, so issue that in once you’re calculating when to count on your free shares.
Most of the duties take between two and 5 buying and selling days to settle. For instance, should you make a deposit on a Thursday or Friday, it could not settle till the next Wednesday.
Keep in mind that you’ll have to declare your free shares inside the promotional interval. Our greatest suggestion for troubleshooting this situation is to make your deposit as quickly as attainable after the promotion begins. That means, you’ll have ample time for every part to settle earlier than the promotion ends.
Arrears After Promoting Free Shares
One other extraordinarily frequent situation is when a moomoo person trades a free inventory instantly after receiving it and leads to arrears. As we’ve already famous, a lot of the shares you obtain shall be price $9.99 or much less. You possibly can promote them instantly, however should you don’t have ample funds to cowl the charges associated to the commerce, you might find yourself in arrears.
Our suggestion right here is to perform a little research to find out how a lot the share or fractional share is price and what the charges shall be to promote it. If the charges are greater than the funds in your account, your finest wager is to attend. And who is aware of? They may achieve worth, permitting you to earn a revenue should you maintain onto them for some time!
Take part in Moomoo’s Free Inventory Promotion
By now, you’re questioning find out how to take part in a moomoo free inventory promotion. Listed here are the straightforward steps.
#1: Join a moomoo account
Step one is to join a free moomoo account. Listed here are the stuff you’ll want.
- A legitimate e-mail handle
- In case you’re a US citizen, you’ll want your Social Safety Quantity and legitimate US handle
- In case you’re not a US citizen, you’ll want a sound passport or a sound nationwide ID card, relying on the nation
As a rule, it takes between one and three enterprise days to your account to be validated.
#2: Make the minimal deposit
As soon as your account is energetic and validated, the subsequent step is to make a deposit. Earlier than you do, be sure that to learn the foundations for the giveaway. The minimal to obtain 5 shares is normally $100, however double test. If you would like extra shares, the minimal is commonly $2,000.
Keep in mind that you’ll want to keep up that steadiness – so you might wish to pad the quantity a bit, particularly if you wish to commerce through the 60-day ready interval.
#3: Keep the required steadiness
If the minimal steadiness for 5 free shares is $100, you’ll want to keep up that steadiness for 60 days to unlock your free shares.
The massive takeaway right here is that should you intend to start buying and selling instantly, you’ll have to deposit greater than the minimal to fulfill the necessities. For instance, you would possibly deposit $200 or $250 to provide your self room to commerce with out dipping under the common required steadiness.
#4: Observe and declare your free shares
The ultimate step is to trace the place you’re within the course of and ensure to assert your free shares earlier than the promotional interval ends. Most promotions embody a 60-day ready interval, throughout which your free shares shall be frozen.
Our suggestion is to trace your free shares out of your profile (Accounts > Inventory Rewards) and add a reminder to your calendar. When the 60 days are up, log in and seize these free shares as quickly as attainable.
Professional Tip:
Enroll immediately with Moomoo and get an additional 4% added to your Money Candy program APY (for a complete of 8.1%) for 3 months.
Why Select Moomoo for Free Inventory Rewards?
Why select moomoo free of charge inventory rewards? We all the time love a freebie, however moomoo has much more going for it than that. Listed here are the issues we like about moomoo.
- It has a user-friendly interface that makes it tremendous easy to make use of, even should you’re a complete newbie and model new to investing.
- The moomoo app is effectively reviewed and fashionable, with a mean star ranking of 4.5 out of 5 stars within the Google Play Retailer and 4.7 out of 5 stars within the Apple Retailer.
- There are superior buying and selling instruments out there for extra skilled traders and freshmen alike, together with inventory evaluation, charting instruments, and entry to world markets together with Hong Kong and China, one thing lots of different digital brokerages don’t supply.
- There’s an energetic group that gives assist to customers and traders in any respect ranges. It’s an ideal place to get funding ideas and find out about totally different facets of investing, buying and selling, and taking full benefit of moomoo’s options.
- Moomoo provides away extra free shares than most different digital brokerages. Many will supply one free inventory (Robinhood is an instance), however most of moomoo’s promotions permit you to get a minimum of 5 free shares or fractional shares should you meet the {qualifications}.
So, why select moomoo? Since you’ll get cool options, entry to world markets, membership in a useful group, and a few free shares!
Conclusion: Begin Claiming Your Free Shares with Moomoo At the moment
Moomoo is a well-liked digital buying and selling platform with a strong cellular app. Along with gaining access to helpful buying and selling and inventory analysis instruments, you’ll additionally achieve membership in a useful group of skilled traders and the chance to assert free shares once you make a deposit.
As a reminder, you’ll have to arrange an account, make a minimal deposit, and keep a minimal common steadiness for 60 days to fulfill the necessities for many promotions. You need to all the time learn the nice print to be sure to perceive what’s required of you and what it’s essential do to make the most of the inventory giveaway. Are you able to take the subsequent steps and make the most of the moomoo free inventory program? Join moomoo now and prepare to assert your free shares!
FAQs
The necessities might differ from promotion to promotion, however most often you’ll want a minimal deposit of $100, and to keep up a minimal common steadiness of the identical quantity to get free shares on moomoo.
Sure! Most of Moomoo’s free promotions give a minimal of 5 free shares or fractional shares, and relying in your deposit quantity and the specifics of the giveaway, you could possibly get as much as 25 free shares or fractional shares.
In case you don’t declare your free shares in time, that means earlier than the promotional interval ends, you’ll lose out. You might solely declare free shares once you make your first deposit. That’s why you’ll have to rigorously learn the foundations of the giveaway and be sure to full all duties inside the promotional interval to get these free shares.
Sure, you may, however we don’t advocate it. The chance is that you simply’ll find yourself paying charges that whole to greater than the funds in your account. If that occurs, you’ll find yourself in arrears and owe moomoo cash.
You gained’t need to pay taxes on the free shares once you obtain them. Nonetheless, within the US, taxes will apply once you promote these shares. In case you maintain the shares for lower than a yr, they’ll be taxed as odd earnings. In case you maintain them for greater than a yr, you might wind up paying the decrease capital positive aspects tax price as a substitute.
