Deal has ended, view more brokerage bonuses by clicking here.
The Offer
Direct Link to offer terms | Check your Moomoo app (click on the banner on the “accounts” page)
- Moomoo brokerage is offering registration for existing users to get a deposit bonus with the following tiers:
- Deposit $1,000 and get $100 bonus
- Deposit $50,000 and get $200 bonus
- Deposit $200,000 and get $500 bonus
Note: A reader suggests depositing an extra penny to ensure you fulfilled the terms. E.g. $1,000.01 will be “>$1,000”.
The Fine Print
- Promotion period: June 26th, 2023, 00:00 ET ‒ July 31st, 2023, 23:59 ET
- Who can Participate: The ACATS Transfer Rewards promotion is available for new and existing customers of Moomoo Financial Inc.(“MFI”) You must be at least 18 years old to participate.
- How do I participate: New clients during the promotion will automatically qualify to participate. Others need to contact customer service through live chat or phone to register for the event.
- Transfer stocks to MFI during the Promotion Period from an account at one of the following broker-dealers: Robinhood, Webull, TD Ameritrade (including ThinkorSwim),Interactive Broker, Fidelity, E Trade, Cash App, Charles Schwab, Ally Invest, Firstrade, or Merrill Lynch. Transfers from other broker-dealers are not eligible for this Promotion.
- Transfer Reward Promotion: If, during the Promotion Period, you deposit assets (stock or cash) totaling the amounts shown below, you will be eligible for the rewards also shown below. The cash reward will be credited to your Moomoo Financial Inc. brokerage account within 10 business days after the end of the Promotion Period. If you transfer in HK stock, the accumulated amount of Transfer-In will be converted into USD (7.82 HKD = 1 USD)
Our Verdict
The $100 tier with $1,000 deposit seems easily doable. I assume this offer is showing in the app for everyone. The fine print indicates you have to register for the promo first. A reader who was not apparently targeted was still able to register via chat.
Please read our original post on Moomoo here and the newer discussion post here. Do not leave your Moomoo referral in the comments below or anywhere else on the site. The existing referral thread is now locked; you can find a referral there if you want to sign up now for Moomoo.
Hat tip to reader Olympia
https://www.doctorofcredit.com/?p=213633
The link is erroring to 404 not found. Moo invalidated both P1 and P2 “Christmas” bonus despite saying all conditions met and then to wait for 5 business days. Customer service ticket created per chat, but response is not immediate. Are they going down? Is it time to pull out all funds and close account.
When pages disappear like that, that means they are doing an update and it’s in the queue to be republished. I imagine they added the info for the newest promo that started Jan 15th.
Just check back later today, or at the latest, tomorrow.
Looks like recent comments got lost?
$100 coupon from this promo is now available for use.
Made $1000 stock purchase on Monday, and just received the $100 credit into my account this morning (Wed)
The coupon for the “Transfer” promo coupon from July/August only requires a $100+ purchase.
The upcoming “Transfer” promo coupon only requires a $1+ purchase… IIRC.
So strange – my coupon (transfer_second2023) from this promo shows: Available date: 11/09/2023 – 10/29/2025.
I wonder if someone made a typo and it was supposed to be 9/11/2023 (10 days after the transfer promo ended).
I chatted with them – but they wouldnt budge.
https://invest.us.moomoo.com/transfer_promotion_second
Nice find. I was able to do this from a desktop – just had to use 2FA SMS to verify the account. For those that are doing the lowest tier, be aware that it says greater than $2,000.
Posted now, thanks
https://www.moomoo.com/us/support/topic4_422?from_platform=4&platform_langArea=us&global_content=%7B%22promote_id%22%3A13764%2C%22sub_promote_id%22%3A17%7D
Does anyone else see this promotion on their account?
It says to go to the ‘events’ screen, but I don’t see that. I checked ‘promotions’ and don’t see it there
I haven’t seen it either. I am not sweating it too much but will try to reach out to Moomoo to see if they can add it manually.
Getting my Fidelity transfer to go through was rough. I tried a variety of things: trying to put in a partial transfer with no cash threw up a “margin requirement is greater than the equity with loan value” error until I added cash, then I kept getting rejection emails saying “Your transfer-in request for US stocks initiated on 7/20/2023 has been rejected for the following reason: account in distribution or transfer.” It’d been a few days since I made the order at least one of the times, so idk what that was about. Eventually I got it to go through saying I wanted “all” of those stocks transferred + $15 cash, but I have no idea what of how i filled out the form + my Fidelity account made the difference.
One potentially useful DP is that the coupon showed up automatically even though the transfer was only initiated within the promotion period, and posted two days later.
Got clarification on this. It’s a cash back coupon. Basically you just need $100 in one’s account and need to buy to open for $100 and you’ll receive $100 creditied to your account in 3 business days. At that point can sell the stock and cash everything out. So we can withdraw the other $900 of the $1000 transfer at this point and just leave $100.
Didn’t get mine. Rep says they will look into it.
Were you a MooMoo customer before May 26th, 2023? If so you had to have contacted MooMoo for the rep to manually add the promotion. If you signed up for Moomoo from May 26th, 2023 until July, the promotion should have been automatically enrolled to the promotion for me since I signed up in early July. I called Moomoo to confirm this information.
Yes, they confirmed the promo was added, and the previous chats still show.
Denied once, complained twice, told today they will issue within a week.
Coupon has arrived, valid from 9/20.
Same issue here. Spoke with chat rep today said they’d pass along to the appropriate department
This is their response. Moving forward I will be avoiding Moomoo for their lack of support alone
“Dear client, after check in the system, the relevant colleagues feedback that your registration record has not been found, and you deposit 1001$ not transfer in your account from other brokers so you have not met the conditions. Btw, I have recorded your problem in details and it will be upgraded to the relevant department for continuous follow-up. It is expected for us to contact you via message or phone in 1-2 business days. Thanks for your patience. Have a nice day.”
Prior to doing the ACAT, did you chat with Moomoo reps to ensure you were enrolled in the “Transfer promo”, as they were calling it? New accts supposedly were not required, but I would have done so, because how new is new?
If you did a $1,001 ACH, you did not complete the task.
If you did an ACAT, you should have received the following subject emails:
Transfer In Request Submitted
Transfer In Status Updated
Transfer Completed
If you got those, that means you used Moomoo’s system to request the ACAT. That should be enough of a paper trail that they will likely give in on providing the bonus. Do you have those?
I think you need to provide details of your situation because I have a feeling that it is a “you” problem and Moomoo didnt do something wrong. If you did the correct steps that most people have done you should not have had any problems.
Got mine too. Valid from 09/10/2023.
I just got the coupon today. $100 for my $1000+ transfer.
My cash balance is less than $1000 (~$870). Can I sell $130 of my stock (BIL) and repurchase $1000 of it immediately to get the coupon?
Look carefully at the coupon. Mine says cannot be used only on or after 9/10/2023. Not sure if this is the case with everyone.
I think that is the case for everyone. I got mine too and it is valid from 9/10/2023 until 8/30/2025. It wouldn’t make sense for Moomoo to make it different for specific individuals.
I do find it strange that they made it 1 month later unless it was a system wide typo and it was too late to revert it?
I’m confused about what a “coupon” is
coupon = bonus. You have to make a purchase in order to receive it. You make the trade on their platform and then they will credit your cash account $100.
Same here, says 09/10/2023 (ET) available.
Mine also appears to say it’s not usable until 9/10/23 (albeit in broken English). I’m just gonna wait, but if you want to be sure you could have a chat with the blonde AI.
If you look at the Discount Description #4 for this $100 coupon, it says so.
4. The threshold order amount is 100USD (782HKD) and the maximum cashback amount is 100USD (782HKD).
Compare that to the signup $100 cash coupon it states the following:
4. The threshold order amount is 1000USD (7820HKD) and the maximum cashback amount is 100USD (782HKD).