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Moomoo Promotion Canada 2024: Get $2,400 in Cash Rewards

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The Moomoo stock trading app is among the top brokerages offering freebies, stocks and rewards to US and Canadian users.

The Moomoo app is now available to Canadian clients. It offers access to stock and ETF trading on Canadian and US markets, multiple stock trading tools, paper trading accounts, a Moomoo sign-up bonus for new users, and more.

If you sign up for Moomoo Canada, you can get up to $2,400 in cash rewards after funding your account.

Moomoo Canada Sign-Up Bonus

Moomoo is running a giveaway program with several sign-up bonuses and rewards. The offer in Canada includes the following rewards:

  • Deposit $100 to $4,999: Get 1 cash coupon
  • Deposit $5,000+: Get 3 cash coupons
  • Transfer in $50,000 to$99,999: Get 4 cash coupons
  • Transfer in $100,000+: Get 9 cash coupons

Each cash coupon is worth between $30 and $200, and you can earn up to $2,400 in cash rewards from the current promotion.

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To participate, you first need to open a Moomoo account. Once your account is set up, fund it with at least $100. You can fund with higher amounts to earn higher cash bonuses.

Moomoo Referral Promotion

To participate in Canada, sign up for Moomoo using a valid Moomoo referral code link and make a deposit. You can open a non-registered account, RRSP, or TFSA investment account.

Once you become a Moomoo user, you can also participate in the Moomoo referral program and earn even more rewards.

For example, you can share your referral code with friends and earn $50 for every friend who signs up and deposits at least $500 in their account.

Related: Best Stock Broker Promotions.

How Much is the Moomoo Referral Bonus

The Moomoo referral bonus in Canada offers varying rewards. For instance, you can earn anywhere from $30 to $2,400 when you join.

The company has also offered a $100 Amazon gift card or a $15 Tims gift card, access to free market data, and more in the past.

In the US and other regions, users can win up to 15 free stocks, a $100 cash bonus, and one additional share of GOOGLE or TESLA.

Moomoo App Overview

The Moomoo app is an online stock trading app that offers commission-free trading of stocks, ETFs, options, futures, funds, and ADRs.

It offers global market access to US, Canada, Hong Kong, and China-A-shares, and has been ranked as the best trading platform for active traders by Investing Simple.

You can use it to trade in the US market from 4 AM to 8 PM ET and in the Canadian market from 8 AM – 5 PM ET. It also offers free Level 2 quotes with a funded account.

Is Moomoo Safe and Legit?

Yes, Moomoo is a safe and legitimate stock trading app. In Canada, Moomoo Financial Canada Inc. is registered with CIRO and CIPF.

The US-based stock trading app is regulated by the U.S. Securities and Exchange Commission (SEC) and registered with FINRA’s BrokerCheck. 

Moomoo Financial Inc., which offers the app, is a member of the Securities Investor Protection Corporation(SIPC), which protects users’ assets up to $500,000.

How To Get Moomoo Free Stocks

Below is a step-by-step guide on how to get Moomoo free stocks (not including Canada for now):

Step 1: Sign up for a Moomoo account through a valid Moomoo referral code/link or via the Moomoo app.

Step 2: Deposit $100 to get 5 draws for a free stock and a $100 cash bonus, then maintain an asset balance of $100 or more for 60 days to unlock your stock.

Step 3: Deposit $1,000 to get 15 draws for a free stock, plus an additional $100 cash bonus. You must keep an average asset balance of $1,000 or more for 60 days to unlock your stocks.

Step 4: Deposit $5,000 to get 15 draws for a free stock, a $100 cash bonus, and an opportunity to draw 1 additional share of $TSLA or $GOOG. You should maintain an average assets balance of $5,000 or more for 60 days to unlock your stocks.

FAQs

Does Moomoo offer free stocks?

Yes, Moomoo offers free stocks to new American users. Users signing up with a valid Moomoo referral code stand a chance to get up to 15 free stocks.

What is the referral bonus on Moomoo?

The referral bonus on Moomoo is up to a $2,400 cash coupon for new Canadian users. In the US, new users get a cash bonus of $100 and an opportunity to score up to 15 free stocks.

Is Moomoo only for US citizens?

No, Moomoo is not only for US citizens. The app is available in several other regions, including Canada, Hong Kong, the European Union, Singapore, Japan, Malaysia, and Australia.

Is Moomoo a Chinese company?

No, Moomoo is not a Chinese company. It’s a US stock brokerage dealer based in Palo Alto, California.

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Author

Gravatar for Enoch Omololu, MSc (Econ)
Enoch Omololu, MSc (Econ)

Enoch Omololu, personal finance expert, author, and founder of Savvy New Canadians, has written about money matters for over 10 years. Enoch has an MSc (Econ) degree in Finance and Investment Management from the University of Aberdeen Business School and has completed the Canadian Securities Course. His expertise has been highlighted in major publications like Forbes, Globe and Mail, Business Insider, CBC News, Toronto Star, Financial Post, CTV News, TD Direct Investing, Canadian Securities Exchange, and many others. Enoch is passionate about helping others win with their finances and recently created a practical investing course for beginners. You can read his full author bio.

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