Moomoo Free Stock Promotion November 2022

Moomoo is a new commission-free brokerage offered by Futu Inc.  It is currently offering two free stocks to new users.

Moomoo Free Stocks (Up to $1,000)

September 16 through November 15, Moomoo is giving away two free stocks when you sign up with our Moomoo Free Stock Link.

You will receive your free stocks from Moomoo at two separate times depending on how much you deposit:

• You will get your first free stock from Moomoo when you deposit at least $100 into your account within 90 days of opening it.  This stock will be valued between $4 and $200.
• You will get your second free stock from Moomoo when you deposit at least $1,500 into your account within 90 days of opening it.  This stock will be valued between $10 and $1,000.

Important: Unlike the Webull free stock promotion, you do not have to deposit $100 (or $1,500 for the second free stock) all at once.  You can deposit little by little and as long as your net deposits — that is, your deposits less any withdrawals — total to $100 or more during the first 90 days you have your Moomoo account, you will qualify for the first free stock.  If they total $1,500 or more during the first 90 days you have your Moomoo account, you will qualify for the second free stock.

Get 2 Free Stocks From Moomoo Now

What Are My Odds of Getting a High-Priced Stock?

The free stock(s) you get through Moomoo’s free stock promotion are completely random.

Here are your odds of getting a stock at various price points after your net deposits to Moomoo reach $100 within the first 90 days:

• 99.6% chance of receiving a stock worth between $4 and $15.  This is a 249 in 250 chance.
• 0.04% chance of receiving a stock worth between $10 and $200.  This is a 1 in 250 chacne.

Here are your odds of getting a stock at various price points after your net deposits to Moomoo reach $1,500 within the first 90 days:

• 98.8% chance of receiving a stock worth between $10 and $50.  This is a 247 in 250 chance.
• 0.08% chance of receiving a stock worth between $50 and $200.  This is a 2 in 250 chance.
• 0.04% chance of receiving a stock worth between $200 and $1,000.  This is a 1 in 250 chance.

Related: Here are all the companies giving away free stocks right now.

Are Moomoo Free Stocks Taxable?

Yes, you have to report the value of free stocks you received from Moomoo as “Other Income” on your tax return.

Moomoo Referral Program

After opening your Moomoo account to get your own free stocks, you will receive your own referral link to refer others to Moomoo.

After someone you refers reaches each of the deposit hurdles described above within the first 90 days of having their account, both you and they will receive free stock as described above.

Other Free Stock Apps

In addition to Moomoo, several other investing apps are currently giving away free stocks to new users.  We’ve put together the entire list in this article.