Moomoo Referral Code (May 2022): 3 Free Stocks ($8-$1,000 Each)

March 5, 2022
Blog

Moomoo is an online trading platform based in the US; it provides access to some of the largest markets in the world, including the stock market in Singapore and Hong Kong. It is ideal for investors looking for zero-commission trading and access to margins trading – additionally, it insures your funds for up to $250,000.

Moomoo has a referral program in place to benefit its clients: by using the referral link (or our referral code YOREOYSTER) you will receive up to three free stocks ranging from $8 to $1,000 each. You will also receive your own referral code, which you can use to invite friends and earn additional free stocks – you can invite as many friends as you want.

How To Use Your Moomoo Referral Code

Moomoo has a referral program for new investors. When you sign up with Moomoo using our referral link, or our referral code YOREOYSTER, and deposit at least $2,000 you will receive a bonus of up to two random stocks ranging from $8 to $1,000 each and an Apple (AAPL) stock. 

To use the promo code:

  • Visit Moomoo‘s page. Click on the Get Free Stocks button. 
  • Enter your email or phone number to sign up.
  • Fill in some of your basic information.
  • Enter your address. Keep in mind Moomoo is available only for US residents.
  • Agree to the Terms of Service.
  • Fund your account.

What Is Moomoo?

Moomoo is an online zero-commission trading platform based in the US. It is part of Futu Holdings Ltd and it was founded in 2018. Moomoo supports transactions and provides easy access to markets in the US, Singapore, and Hong Kong.

It has been pushing a move towards commission-free stocks and ETFs trading, and it  has increased its client base since its inception – thanks in part to its investor protection of up to $250,000 under the Securities Investor Protection Corporation’s (SIPC) protection plan.

Moomoo Features

Some of Moomoo’s best features include:

  • No commission trading.
  • Search functions, you can search using the ticker or the name of the asset.
  • Many order types are available, including limit, market, stop, and stop limit.
  • Alerts and notifications.

Moomoo Fees

  • No fees when trading US stocks and ETFs.
  • No fees when trading options.
  • 0.03% fee when trading Hong Kong stocks.
  • 6.8% on margin trading.
  • There’s no monthly or inactivity fee.

How To Sign Up With Moomoo

#1 Visit Moomoo‘s page. Click on the Get Free Stocks button. 

#2 Enter your email or phone number to sign up.

#3 Fill in some of your basic information.

#4 Enter your address. Keep in mind Moomoo is available only for US residents.

#5 Agree to the Terms of Service.

#6 The last step is to link your bank account.

Moomoo’s Referral Program

After creating your Moomoo account and depositing at least $2,000 you will receive your referral link. You can find your referral link by navigating to your profile and clicking Free Stocks then Invite Friends. After you receive your referral link, you can share your code via text, email, or with your social media audience.

Once a referee signs up and deposits at least $2,000 you will receive: 

  • 1 free stock value between $8 and $1,000.
  • 1 Apple (AAPL) stock, value at around $150
  • There’s no limit to how many people you can invite.

Note that the rewards are available only to employees of Apple Inc, Airbnb, Alibaba Group, Amazon.com Inc, ByteDance Ltd,  Bloomberg Television, Coinbase Global Inc, Doordash Inc,  Google LLC, Linkedin Corporation, Lyft Inc, Marvell Technology Inc, Meta Platforms, Microsoft Corporation, Pinterest Inc, Service Now, Twitter Inc, Tencent Holdings Ltd, Uber Inc, Yahoo Inc.

Is Moomoo Safe & Legit?

In the US Moomoo is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). In Singapore, Moomoo is regulated by the Monetary Authority of Singapore (MAS).

Introducing Wealthsimple Trade: Canada’s #1 Online Broker

I recently broke down 8 of Canada’s most popular online brokers, and Wealthsimple Trade came out ahead of everyone else. It scored so well because it excels on what I believe are the three most important factors when choosing a broker: fees, investing tools, and security.

Here’s how Wealthsimple performs in each of those areas, and why I believe it’s the best broker in Canada.

#1 Lowest Fees In The Industry

There are no costs for purchasing or selling equities and ETFs. There’s a $0 charge when you open or shut your account, withdraw funds, receive electronic statements, or have inactive accounts. A $20 fee is charged if you want a paper account statement.

The only fee you will ever pay is a conversion fee + 1.50%, only if you trade with USD. Compared to other brokerages, it’s quite cheap, considering most are charging more than 2%.

#2 Research And Investing Tools

Wealthsimple offers a premium service that gives access to real-time market data, and you can deposit up to $1,000 instantly. There’s also a Wealthsimple Trade Premium service that costs $3 per month.

They’re planning on launching an improvement called Wealthsimple Trade Plus. The service will offer unlimited price alerts, access to USD accounts, and more, all of this for a monthly payment.

#3 Bank-Level Security

Wealthsimple Trade is a member of Canada’s Investment Industry Regulatory Organization (IIROC) and the Canadian Investor Protection Fund (CIPF). That membership means that there’s a protection against insolvency to a maximum of $1,000,000.

Conclusion

Moomoo is an online trading platform based in the US; it provides access to some of the largest markets in the world, including the stock market in Singapore and Hong Kong. It is ideal for investors looking for zero-commission trading and access to margins trading – additionally, it insures your funds for up to $250,000.Moomoo has a referral program in place to benefit its clients: by using the referral link you will receive up to three free stocks ranging from $8 to $1,000 each. You will also receive your own referral code, which you can use to invite friends and earn additional free stocks – you can invite as many friends as you want.

Before You Go

Here are the best sign-up bonuses available right now. If you’re planning to sign up for any of these services, we recommend you take advantage of these bonuses:

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Online Broker Sign up Bonuses:

Robo Advisor Sign up Bonuses:

Other Everyday Bonuses:

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