Moomoo Friend Referral Program
Open Moomoo Account
Moomoo Friend Referral Bonus
Existing Moomoo.com clients who refer a friend to the broker will receive a free stock up to $1,000
if a referral makes a deposit of at least $100, a referring client will receive a second free
stock. To get a Moomoo referral link, an investor can sign up
to Moomoo with a referral link above, and then go on the app to Me -> Free Stocks. This is
not available on the desktop platform.
As an alternative, another $0-commission broker called Webull offers referral program with
2 free stocks valued up to $1,850 -
learn more or use a link
below.
Webull Friend Referral Program
Open WeBull Account
Overview of Moomoo
Moomoo is a trading platform that is recommended for investors who are interested in zero-commission trading and have a primary focus on U.S. markets.
Founded in 2018, moomoo is a subsidiary of Futu Holdings Ltd., which is backed by Tencent. Securities offered by moomoo are regulated by both main U.S. regulatory agencies: the SEC (Securities and Exchange Commission) and the FINRA (Financial Industry Regulatory Authority).
Moomoo advantages
The discount broker-dealer market is highly competitive, with a wide range of financial companies offering services, from relative upstarts such as SoFi and Robinhood alongside industry stalwarts such as Charles Schwab and Fidelity.
Moomoo does help set itself apart from many other discount brokers with numerous advantages that investors can benefit from. Here are a few of them.
Free stocks, ETFs, and options
Moomoo wins high marks for its fees, in that it has essentially zero. Stock, ETF, and options trading is all commission-free, and there’s no inactivity fee if you take a break from trading.
The only real downside to their fee commission is if you’re interested in trading on margin, because momoo’s margin rates are much higher than a competitor such as Robinhood, for example.
Opening an account is a breeze
It seems like a small thing, but given how competitive the discount broker space is, moomoo wins points for having a straightforward account opening process. It’s fully digital, there’s no minimum deposit, and it only takes 1-3 days to get all set up. Plus, the account minimum is $0—or, in other words, there isn’t one.
The only downside is that you can’t currently open an account unless you’re based in the U.S. or Singapore.
High-quality analytical tools
Moomoo has an intuitive research section with trading ideas and other perks. Their stock screener gives you all the important data you look for, such as market cap, P/E, turnover, etc.
The charting is also above average, allowing you to use some 60 different technical indicators. In other words, despite moomoo’s discount broker status, they care about catering to serious traders.
No minimum deposits or annoying fees
As stated, you don’t have to worry about how much money you have to get started with moomoo. This can be especially attractive to many of the investors—often younger and less experienced—who look for discount brokers. After all, they want their money to go as far as possible.
Moomoo is a good choice, then, because it generally lacks the many annoying fees that can sneakily add up with other broker-dealers. There are no deposit fees for bank transfers (ACH), no account fees, no inactivity fees, and no withdrawal fees.
Moomoo Refer a Friend Wrapping up
Ultimately, moomoo stands out in many regards for its advantages. That said, it’s of course not a perfect broker-dealer. There are some downsides, which it would be irresponsible not to mention:
There’s a limited number of products offered (no forex, funds, bonds, futures, or crypto)
The customer support is limited to email (no live chat or phone support)
There are limited options for deposits/withdrawals (only bank transfer)
If you’re fine with these limitations, then moomoo might make a great option for you. You have SIPC protection as well as the knowledge that moomoo is regulated like every other broker by the SEC and FINRA. This should help you rest assured in terms of feeling protected with your investments.
Moomoo can also be a great option for a wide variety of investors, from pure beginners to more experienced traders, thanks to its high-quality analytic tools.
Overall, moomoo is a solid discount broker-dealer option with a great deal of advantages for a wide variety of investors.
Moomoo Refer a Friend Program Disclaimer
Moomoo referral bonus terms can change at any time without notice. For the most recent information
on the Moomoo refer a friend program offer to open account visit their website.
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