Moomoo June Promo: 15 Free Stocks and 8.1% APY

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Moomoo is currently offering new users two generous promotions.

• Five free stocks for depositing $100. Get 10 additional free stocks for depositing $1,000. Each free stock is worth between $2 and $2,000.
• Earn 8.10% (a 3% boost over standard APY of 5.1%) on uninvested cash for 90 days after enrolling in Moomoo’s cash sweep program. You’ll earn 5.1% after.

You can combine both offers.

For the free fractional shares, here’s what you need to know:

• Your free shares will be “Frozen” for 60 days after you claim them. During this time, you need to keep your average account balance at or above $100/$1,000 to unlock the shares for trading. If you take money out of your account and your balance goes below $100/$1,000, you won’t be able to claim the stocks once the holding period is up.
• After you claim the bonus and keep your average balance at the right level for 60 days, your free fractional shares will appear in your account within five trading days. Once they’re in your account, you can trade or cash out.
• There is approximately a 99.559% chance of getting a share of stock worth $2-$9.99, a 0.4% chance of getting a share of stock worth $10-$99.99, and a 0.041% chance of getting a share of stock worth $100 or more

Moomoo is a fast-growing, commission-free brokerage with no account fees or minimums. It’s a good long-term fit for active stock traders seeking advanced research and analysis tools. You can learn more in our Moomoo review.

Moomoo vs. Webull Free Stock Offer

Webull, a similar commission-free online trading platform, offers up to 75 free shares valued between $3 and $3,000 to US residents.

• Depositing between $0.01 and $500 will earn you three fractional shares of stock, each worth up to $3,000.
• Depositing between $500 and $24,999 will earn you 30 fractional shares of stock, each worth up to $3,000.
• Depositing over $25,000 will earn you 75 fractional shares of stock, each worth up to $3,000.

Although the odds of getting a stock valued at $1,000 or more are slim (0.0001%), free shares are available five business days after deposit clearance with no required holding period.

Webull is suited for beginners interested in actively trading stocks, with features such as fractional shares, a paper trading platform, and advanced analytical tools.

Learn more about the platform in our Webull review.

Other current promotions include:

Final Thoughts on the Moomoo Free Stock Offer

Moomoo consistently offers one of the best free stock offers available. If you’re looking for a brokerage app with similar features to advanced desktop trading apps, Moomoo is a solid choice.

R.J. Weiss

R.J. Weiss, founder of The Ways To Wealth, has been a CERTIFIED FINANCIAL PLANNER™ since 2010. Holding a B.A. in finance and having completed the CFP® certification curriculum at The American College, R.J. combines formal education with a deep commitment to providing unbiased financial insights. Recognized as a trusted authority in the financial realm, his expertise is highlighted in major publications like Business Insider, New York Times, and Forbes.