Trade on moomoo
Deposit $2,000 to score 10 free full free shares
Shares available value and probability from T&Cs based on the closing price on 15 February, 2023:
TSLA US$214.24 0.001%
AAPL US$153.33 0.005%
AMZN US$101.16 0.10%
KO US$59.59 4.50%
GME US$21.80 47.095%
AMC US$5.17 48.389%
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.
I did the whole thing + referral to get 12 spins total. I got $287 AUD from it which I'm pretty happy about.
Turn around time for everything was a couple of days after the deposit landed.
One thing they don't mention well is that you need to wait t+2 for the trades to settle before you can convert from USD to AUD and withdraw.
I've withdrawn my initial deposit + the cash from selling the bonus shares without issue.
Cheers and good luck!
Thanks!
You get to spin the wheel as soon as the money lands, then up to 5 days for them to clear to your account. You can withdraw your $2000 as soon as it lands in your account though.
Thanks!
To get the extra shares by making a trade, does selling the gifted ones count? Or are we required to purchase via deposited money? Thanks
You have to make a Buy trade.
Signed up using the referral pool and received 8 AMC and 2 GME. Bough 1 AMC to redeem the additional 2 shares which were both AMC. So in total, 10 AMC and 2 GME worth about 101 USD at yesterday's price. Whoever's referral link it was, I hope you've redeemed your 5 bonus shares :)
You need to buy a share to be able to redeem the 2 referral bonus shares?
yes
Ok thanks.
Hi All, I was told to help the referree get their bonus share a trade must be completed. You can use the cash gotten from the free shares to buy and then sell.
$397 aud from this.. sell or not hmmm
Did anyone else get a call and whatsapp message claiming to be from moomoo?
no. at least not yet. what was the call about?
They left a message but I couldn't understand it as the sound quality was so bad. The only thing i made out was 'welcome bonus'. Just wondering if it is something to do with me referring all my family members? Have cashed out 1k+ from this deal already
1k+ good effort. I have only scored 500AUD so far. But this as well as the webull referral has made a nice side income for April.
Yes I did, and a phone call
Was it anything to worry about? I don't want to have my account blocked or have the bonuses reversed.
No, it waw just a customer service rep stating if there were any issues contact them + generic welcome to Moomoo speech
DON’T FORGET to buy any 1 share for an extra two spins!!!!
Also so that the referrer gets their bonus.
can i just transfer 2k via bank transfer to get my 10 spins or do i have to deposit twice?
transfer 2k get your free spins, transfer the 2k out, sell the shares, use the share money to do 1 trade to get 2 more spins, then transfer the winnings out.
How long before funds can we withdrawed? Sold my shares a few days ago and now it's in frozen funds… I thought shares settle usually t+2?
Yes it is but it's business days and always remember the time difference in NY compared to AU (essentially one day behind us). I sold a few last Friday AM (AEST) so Thursday arvo PST and now can convert/withdraw.
Yeh all good I forgot I had converted to aud after selling so that was an extra day or two I've withdrawed all now.
So if I have no moomoo account, do I get
- 2 shares from using referral here
- 10 shares by depositing $2000
- 2 shares by making a trade?
No, the referral is 2 shares when you make a trade, so 10 + 2.
Imperial Hound, I hope you got 5 big shares from your referral link !
I got myself 6x GME and 4x AMC so I'm pretty happy with it, still waiting for the 2 shares from the referral
FYI from the T & C's - https://fego-au.moomoo.com/welcome_rewards
The probability of winning each stock is as follows:
TSLA 0.001%
AAPL 0.005%
AMZN 0.10%
KO 4.50%
GME 47.095%
AMC 48.389%
Current prices as of 11/05
TSLA US$168.54
AAPL US$173.56
AMZN US$110.19
KO US$63.50
GME US$20.76
AMC US$5.49
Anybody else having big issues withdrawing their cash? Mine was withdrawn on 5th May and hasn't arrived in my bank. Customer service saying there is nothing they can do about it. Very frustrating as it is $2000. Is this company just a scam?
that's weird? Did you get an email that the transfer has been processed ? I have been transferred a few times back now (original 2k + referral bonuses) and each time took about 2 days (1 day processing and another day for the interbank transfer).
Nope, no email just a notification in app and my $2000 has gone from my account. I had issues depositing money too but got that fixed. I've been back and forth with my bank and the customer support in app. I've pressured them to escalate it which they did not want to do.
Is selling of share considered as trade for receiving referrals bonus of 2 additional shares?
i believe it is a buy and a sell. so using the share money to buy and then sell.
This is an epic deal. Already made about $700 from this one. Surprisingly this didn’t get as much love and attention as Webull offer. Imo this is lot better than Webull deal.
I'm trying to buy an AMC share to get the 2 free extra shares but it says insufficient buying power. What am I doing wrong? I have converted $10 to USD.
I had the same problem, just convert another 5 aud to usd and you should be fine (fees, etc on top of the share price)
Thanks works now
Anyone else have issues withdrawing the money from the bonus stocks? I sold them about 4 days ago but the money is still shown as "USD Cash" but US dollars that can be withdrawn is 0
Update: was able to convert to AUD and withdraw today. Took longer than the T+2 days mentioned
Thanks to whoever signed up using my link and traded. Managed to get 2xGME and 3xAMC as bonus (~$USD 60)
Did you get an email or notification that you received a referral bonus? Or was it just sitting in your account?
Didnt get email notification. It was just sitting under My Rewards section
Thanks op. Just signed up using referral and will complete trade soon to benefit fellow ozbargainers.
Just signed up with someone’s code :)
How long until the cash from selling the shares is withdrawable? It says I have USD but then the USD withdrawable is 0.
another OZbargainer signed up with my referral. Received 4xGME and 1xAMC as bonus, total value $146 AUD. Thanks :)
what's the catch?
is it too late to maximise this??
Not at all. If im not mistaken, the promo runs until 31 Aug 2023.
So far i have made about $AUD400 from two referrals and my own sign up bonus
one of the best ozbargain posts of the year! made about $300 aud
Does anyone know what's the time frame between depositing $2000, getting the 10 bonus shares and being able to withdrawal everything?