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Free Apple Share When You Register and Hold $3000 in The Account for 30 Days @ moomoo

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Free Apple Share When You Register and Hold $3000 in The Account for 30 Days @ moomoo
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Cashback
zooter on 06/04/2022 - 17:12 moomoo.com (454 clicks)
Last edited 02/05/2022 - 15:09 by 2 other users

Looks like tis is the season for free Apple shares…similar to https://www.ozbargain.com.au/node/692879 - however you have to hold $3K in this account for 30 days for the share to be available for you to use

DYOR I don't have 3K lying around everywhere and don't feel particularly comfortable keeping 3k in hold with these guys

PS: Ad came up in facebook because it probably thinks I want free apple shares :D

Your Welcome Bundle

  • 1 Apple Share ~AU $240
  • Brokerage-Free Trades* 90 Days
  • 2 Free AU Shares ~AU $20
  • Free real-time Lv.2 US & AU market data

How it works

  1. Open your moomoo account
  2. Automatically get 90 days free brokerage and Lv.2 dynamic US market data
  3. Make a deposit into your moomoo account and get 2 free AU shares
  4. Deposit and maintain AU $3,000 for 30 days and get an Apple share

T&Cs

Referral Links

Referral: random (218)

Referrer gets $10 Cash Coupon for each referee who signs up & downloads moomoo app for the first time, $10 Cash Coupon for each referee who opens their Moomoo AU trading account for the first time, and $30 Cash Coupon for each referee who makes an initial deposit of $100+ in their Moomoo AU trading account. (Referrer can get $50 Cash Coupon in total.) Maximum 10 referrals per referrer.

Referrer also gets additional 1 free Apple stock for referring 5 referees who sign up & download moomoo app, and deposit $100 for the first time.

Financial Brokerage Share Trading

Related Stores

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closed Comments

  • R14 on 06/04/2022 - 17:16

    I think it’s $3000 - worth of assets (both shares and cash).

  • Usemame on 06/04/2022 - 17:24
    +1

    are they freeloading apple shares everywhere? is this a sign o.O?

  • indianregulator on 06/04/2022 - 17:29
    -2

    I wouldn't trust superhero, and no way would I trust this mob!

    • mountaineer on 06/04/2022 - 17:43
      +2

      They have AFSL, while it is not a fail proof it is a license ASIC takes very seriously. ASIC has a very solid reputation being responsible regulator and is world class.

      • willyroo on 06/04/2022 - 17:50
        +4

        Not all the time — and still no regulation of the wild wild west of crypto…

        • mountaineer on 06/04/2022 - 18:05
          +2

          True, not all time and not fail proof but it is solid enough. Nothing in the investment world is risk free so you ofc need to calculate your risk. For this one, will they run away with your $3k, possible but highli unlikely. Their parent company is NASDAQ listed, also have license in HK and SG so chances are small, and technically not possible (money in the trust account they cannot use for their own operation).

  • Mokr on 06/04/2022 - 17:50
    +3

    Shares you received as a gift
    If you dispose of shares you received as a gift, you must use the shares' market value on the day that you received them as the first element of your cost base when working out your capital gain or loss.

    Sell as soon as you receive free cash

    • USER DC on 06/04/2022 - 18:18

      Wait so you dont have to treat it as you bought for $0? so dont have to pay full tax of 50% on the entire value of 1 stock?

      In that case, one may actually even be able to use it as a capital loss even? if they sold for sell then the stock's original price at time of receiving it.

      • Dane90 on 06/04/2022 - 18:21

        No, for gifts the cost basis is the price at which it was given to you. Any change from the price on the day it was issued to you will be a capital gain/loss.

      • Aerith-Waifu on 06/04/2022 - 18:22

        My thoughts exactly, I just did a bit more research and it appears the share you get for free have a $0 cost base. So essentially you paid the tax on $200 (provided if its worth $200 on the date it was received), then when you sell, the cost base becomes $200 and when you sell you can either making it a tax gain or a tax lose? no?

    • enigma48 on 06/04/2022 - 22:55

      Direct quote from ATO
      https://www.ato.gov.au/Individuals/Investments-and-assets/In…

      That said, I’ll wait for someone else to confirm - first element in cost basis might mean something else.

  • mooreshady on 06/04/2022 - 17:54
    +3

    Jeez just give 1 bitcoin. What’s so difficult

    • abc on 06/04/2022 - 19:45

      You do realise how much 1 BTC is worth don’t you?

      • czd on 06/04/2022 - 20:13

        Don't see a problem

  • nuker on 06/04/2022 - 19:25

    you'd be The Share HODLer

  • czd on 06/04/2022 - 20:12
    +2

    Something seems sussy with these deals popping up all of a sudden.

    • mountaineer on 06/04/2022 - 21:12
      +4

      My 2cents, If you look deeper and wider you will find out both Tiger and Futu are Chinese Fintechs listed on NASDAQ. Like all other Chinese companies listed on the US stock exchanges they were having the delisting risk due to the non compliance of their audit paper. The Chinese government recently softens their position (https://www.bloomberg.com/news/articles/2022-04-01/china-wei…) and the delisting risk seems gone away. These Chinese Fintechs have the confidence to expand the markets..which in my view is welcome..as long as they play by ASIC rules more competition the better.

  • axlfan on 07/04/2022 - 12:18

    All of these sites need $3000 to give one free share worth less than 10% of that amount. I wonder what the catch is with that amount.

  • Elitebhy on 07/04/2022 - 14:53

    Signed up last night approved this morning, transferred $3k and got confirmation now of 2 Free ASX shares and an apple share available in 30 days. $253 worth for depositing $3k not too bad.

    • Jason Genova on 07/04/2022 - 15:44

      question is, will they charge for getting it out?

      • geremyfarr on 08/04/2022 - 09:43

        My guess is nothing - but it is a guess.

      • cipher666 on 25/04/2022 - 15:19

        I think so, yes - emailing them about it.
        Outgoing stock transfer fee of $75.00: https://www.finder.com.au/moomoo-review
        So, what you could do - sell the stock, transfer the cash, buy the stock again.

  • robhung on 07/04/2022 - 18:36
    +1

    Subsidiary of Futu, which is quite large and reputable - I'd say nothing to worry about. Signing up myself

  • jimwh on 08/04/2022 - 14:04

    you need to activate the commission free card before you sell. otherwise about $8 fee to sell. I sold my two free shares and end up with $3 left…

    • Jason Genova on 08/04/2022 - 14:12

      how do you activate it?

      • jimwh on 08/04/2022 - 14:41

        in the app under coupon.

  • rektrading on 08/04/2022 - 23:48

    Hold $3000 in The Account for 30 Days * (267 clicks)

    The platform is getting a no questions asked interest-free $801,000 loan that they can arb or short.

  • pennypacker42069 on 14/04/2022 - 15:42

    Even with the "free commission" card it costs $5.50 to sell each share - they told me it's a separate fee lol

    • another-geek on 19/04/2022 - 14:30
      +1

      You're right. They charge $5+GST as platform fees for each order.
      I do not see how their offering is competitive considering other brokers now offer free/lower brokerage(some even with CHESS) than moomoo.

      • KH234 on 02/05/2022 - 16:09
        +1

        Any fees for selling/buying Us shares?

  • R14 on 02/05/2022 - 16:36
    +1

    Do we need to hold 3k for first 30 days ? Or period of continuous 30 days

    • Charlie Dont Surf on 02/05/2022 - 20:34
      +1

      First 30 days from the time of depositing the $3k.

  • Jason Genova on 09/05/2022 - 08:42

    got my apple share

    anyone sold yet and can confirm the selling fees?

  • dumdum2 on 11/05/2022 - 07:08
    +1

    Has anyone succeeded in taking money out from the share? Sold the AAPL last Thursday and remain unable to convert the USD to AUD or to withdraw it. Withdraw works with the ASX shares.

    • Autonomic on 16/05/2022 - 03:14

      Any update?

      • dumdum2 on 16/05/2022 - 15:53
        +2

        Yeah got the dough. It just took like 3 business days for settlement.

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