Sign up with Referral, Deposit up to $5,000 & Receive up to 16 Free Shares & $50 Stock Discount Coupon @ Moomoo

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Cashback

[Deactivated] on 08/09/2023 - 00:03 fego-au.moomoo.com (127 clicks)
Last edited 24/09/2023 - 01:26 by 1 other user

Promotion available available only to new clients of Moomoo AU who haven't made a deposit

• Sign up using a referral link to receive 1 free share
• Deposit any amount to receive an AUD$50 Stock Cash Discount Coupon
• Deposit AUD$500 to receive 3 shares
• Deposit AUD$2,000 to receive 5 additional shares
• Deposit AUD$5,000 to receive 7 additional share
• -> total of 16 free shares possible

Prize pool includes (probability):

• Tesla (0.001%)
• Apple (0.005%)
• GameStop (9.994%)
• Lucid (30%)
• Under Armour (30%)
• Sabre (30%)

TLDR: Deposit and get shares. Higher deposit, more shares.

Lowest payout for $5k deposit would be 16 Sabre shares worth ~AUD$130 plus the USD $50 stock voucher on top.

Additional info:
- Gift shares will remain 'frozen' until you have maintained your Daily Average Asset Value for 30 days (e.g. $5000 for the maximum spins, lower for less spins)
- a drop of value of up to 20% below the threshold is permissible
- Moomoo charges trading fees but these are reimbursed within the first 180 days.

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• • 

    themadman on 08/09/2023 - 06:54

    +3

    How is this a contest? And what has be said that is misleading? He's literally put down the probability of receiving each share type each time you spin. I'm pretty sure it adds up to 100%. ;)

    • 

      [Deactivated] on 08/09/2023 - 13:23

      +2

      Thank you!

      I thought from my formatting and info it was clear that the amount of spins is determined by the deposit.

      Of course which stocks you receive for spins is down to luck (/probability) if you want to put it that way, but you are guaranteed to win with each spin.

  • 

    djkelly69 on 08/09/2023 - 07:26

    +2

    Assuming it is the same as their previous promos, when it says chance what it really means is a spin of the wheel where you get one of the listed shares/part shares.

    • 

      KLF23 on 08/09/2023 - 10:57

      It also says prize, which usually means competition.

      • 

        cook99 on 08/09/2023 - 11:12

        +2

        They are just trying to gamefy it to make it 'fun'.
        This is a promotion, with guaranteed shares, of a random nature. It's not a competition.

      • 

        [Deactivated] on 08/09/2023 - 13:31

        +1

        Thanks for your comment. I took that wording from their T&C. I have modified it now in the deal description. Please let me know if that’s more clear now.

  • 

    cook99 on 08/09/2023 - 11:10

    +1

    You are guaranteed one of the shares listed. There is no 'chance' or potentially here.
    You will get the number of shares according to your deposit amount, again no context or luck there.
    The only element of chance or luck is what you get, which is more than likely (90%) going to be the lower value shares.

    • 

      [Deactivated] on 08/09/2023 - 14:59

      +1

      Exactly. The statement “you receive a chance to spin the wheel to potentially get some free shares as a prize” is simply incorrect.

• 

  legelas on 08/09/2023 - 11:06

  $5k for 30 days is a lot of money too ask.

• 

  cook99 on 08/09/2023 - 11:07

  +1

  The last one I had 5 shares invalidated for no reason, but it appears they reimbursed with straight USD bonus.

  Also had 22/23 spins coming up as one of the crappy shares, 1 GameStop. So my luck was worse than the odds but still conceivable.

  • 

    [Deactivated] on 08/09/2023 - 13:31

    +2

    Free money is free money though, right?

• 

  cook99 on 08/09/2023 - 14:44

  +1

  Absolutely, I've loved this one and Webull.
  Can't say no to free money 🤑

  Was just sharing my spins, as you can see from my other comments I'm fully supportive of the deal!
  Also sharing the invalidated ones were fixed automatically as others may get the same and freak out or neg unfairly.

• 

  WADealsHunter on 09/09/2023 - 14:10

  +1

  great deal!

• 

  Associatedchannnnny @ moomoo on 19/09/2023 - 16:36

  it sounds good.

• 

  Associatedfutu Ann @ moomoo on 19/09/2023 - 16:37

  Thanks for app set up explanation. Very useful platform.

• 

  bargainluvr on 20/09/2023 - 10:21

  Have they removed the $50 stock trade voucher?

  • 

    [Deactivated] on 23/09/2023 - 16:35

    Yes they have changed the promotion details. I have created a new deal here: https://www.ozbargain.com.au/node/801549