Investing in the stock market is fun, but you know what’s even more fun? Getting free stocks just for creating a brokerage account!
While there are several online brokerages that offer a free share of stock for new users, there’s only one that offers multiple shares with minimal requirements. We’re talking about moomoo.
Moomoo is a digital brokerage and investment platform. It’s registered with the Securities and Exchange Commission (SEC) and a member of FINRA. That means that it’s on the level, fully regulated, and safe to use.
Safety Is important, but we’re here to tell you about how you can claim free stocks just for creating an account and making a small initial deposit. These are real stocks and once moomoo awards them to your account, they’re yours to keep.
Who doesn’t love free stuff? With moomoo’s Free Stock Rewards, you can snag free shares just by participating in their giveaways. Whether you’re just starting out or looking to boost your portfolio, it’s a pretty sweet deal. Ready to claim your free stocks?
What Are Moomoo Free Stock Rewards?
Moomoo offers free stock rewards for new users. Simply stated, it’s a rewards program that can take several forms. What they all have in common is that they are free stock giveaway events that are open to new moomoo users. If you’re a current moomoo user but haven’t yet made an initial deposit to your account, you may also qualify.
Each event has its own unique rewards and requirements. The most common requirement is that you’ll need to make an initial deposit, and the minimum is $100.
Before we get into an overview of how you can claim your moomoo free stock rewards, here’s an example of what a specific free stock giveaway event might look like. In February of 2025, moomoo is giving away ten free stocks valued between $2 and $2,000 to any new user or first-time depositor who makes a minimum deposit of $100. People who deposit $2,000 or more will receive 25 free stocks.
The requirements to claim free stocks also vary from giveaway to giveaway, but some of the most common requirements include making a minimum deposit of $100 and maintaining a $100 average account balance for 60 days. After the 60 days are up, you’ll receive “draw opportunities,” which you must claim and redeem for the free stocks in question. The stocks you draw are random.
One final note: the stocks you receive are likely to be fractional shares. That means you could get a fractional share of a stock that’s trading at a high price. Here’s a breakdown of the odds of receiving stocks at various prices.
- 99.559% chance of getting a share worth between $2 and $9.99
- 0.4% chance of getting a share worth between $10 and $99.99
- 0.041% chance of getting a share worth $100 or more
As you can see, you’re most likely to end up with shares worth less than $10, but that doesn’t mean you won’t earn a profit in the long run.
Pro Tip:
Sign up today with Moomoo and get an extra 4% added to your Cash Sweet program APY (for a total of 8.1%) for three months.
How to Claim Free Stocks on Moomoo
There are two different methods for claiming free stocks on moomoo. If you want to know how to claim free stocks on moomoo, you’ll need to know how to claim stocks directly or via task completion.
Direct Claiming
To take advantage of directly claiming your free stocks, here’s what you’ll need to do.
- Open a universal account. FYI, a universal account is one that supports trading stocks in different markets and with different currencies. For example, you might be able to trade in the US, Hong Kong, and China.
- Choose the market where you want to claim stocks. In other words, if you want stocks from the Hong Kong market, you will need an account that allows you to trade there.
- Meet any other requirements. Again, requirements vary from giveaway to giveaway, so we can’t tell you exactly what you’ll need to do to claim your stocks.
We suggest direct claiming if you want to have some control over which stocks you get in which market.
Task Completion
If you’re not picky about which free stocks you get from moomoo, then you can go with the task completion method to get your free shares or fractional shares.
- Create a free moomoo account.
- Read the details for the active stock giveaway, making sure you understand what’s required of you.
- Take the steps required. Some of the most common tasks you’ll need to complete include:
- Making a minimum deposit, usually $100
- Maintaining a minimum average balance for 60 days
- Making a specified number of trades
- Claiming your free stocks before the promotional period ends
It’s important to note that the promotional periods often last about 75 days, so that means you’ll need to make your deposit in the first 15 days to be able to take full advantage of the giveaway.
Where to Track Your Free Stocks in Moomoo
Once you’ve received your free shares from the stock giveaway on moomoo, you’ll need to know how to track free stocks in moomoo.
The first thing you’ll need to know is that it’s essential to keep the moomoo app updated on your mobile device. You may already have your settings configured to automatically install updates when they become available. If you don’t, then you’ll need to manually check to see if there’s an update available.
Once you’ve updated, follow these steps to track your free stocks.
- Click “Accounts” to view your account.
- Click “Stock Rewards” to see your free stocks. This is where you can see exactly which stocks you’ve been rewarded.
- Click “Records” to monitor the progress of your stock rewards.
The Records tab will show you the status of your rewards. What we mean by that is that you’ll see how many days until you receive your rewards and the status of any tasks you’ll need to complete to claim them.
Pro Tip:
Sign up today with Moomoo and get an extra 4% added to your Cash Sweet program APY (for a total of 8.1%) for three months.
When Will My Free Stocks Appear in My Moomoo Account?
One question we expect a lot of people will be asking at this point is about the free stocks credit timeline. After you’ve completed all tasks and claimed your free stocks on your moomoo account, when can you expect those free shares to be credited to your account?
The answer, which we got directly from moomoo, is that moomoo will credit your free stocks to your account within five trading days (T+5) after you’ve officially claimed them. A trading day is defined as a day when the market is open and trading is happening. So, for example, if you claimed your stocks on a Friday, you should expect to see them appear in your moomoo account by the following Friday at the latest, since there’s no trading on Saturday or Sunday.
On a related note, another common question has to do with when you can begin trading your free stocks. The short answer is that you can begin trading them immediately. However, we recommend that you make sure you understand any related fees. If your trading fees exceed the amount of funds you have deposited, you could end up in a deficit and owing money to moomoo.
Why Are There Different Conditions for Claiming Free Stocks?
As we’ve already mentioned, there are conditions for claiming free stocks on moomoo. You’ll need to meet all conditions in order to claim your free stocks.
There are a lot of commonalities in terms of the conditions for each giveaway, but they do vary. We can’t specifically say why moomoo varies the conditions, but the most important takeaway once you know that the terms may change is that you should always read the event rules before participating in the giveaway.
We know that reading the fine print isn’t everyone’s idea of a good time, but it’s the only way to make sure that you’re sticking to the rules and doing everything you need to do to get your free shares. If you miss a step or deadline, you won’t have another chance.
We’ve already mentioned some of the most common conditions, which include making a minimum deposit, maintaining a minimum average balance for 60 days, and claiming your free stocks before the promotional period ends.
As a reminder, if you’re looking to directly claim stocks in a specific market, you’ll need to sign up for a universal account to get them.
Common Issues and How to Troubleshoot Them
Now, let’s run through the most common issues that moomoo users encounter while trying to claim their free stocks on moomoo. Troubleshooting free stock claims can help you claim your stocks in time and avoid missing out on the opportunity to get those free stocks.
Unclaimed Free Stocks
One of the biggest issues moomoo users report is the length of time it takes some tasks to settle. Time in these tasks is always measured in trading days, which we mentioned above. Moomoo is never going to count Saturday or Sunday as trading days, so factor that in when you’re calculating when to expect your free stocks.
Many of the tasks take between two and five trading days to settle. For example, if you make a deposit on a Thursday or Friday, it may not settle until the following Wednesday.
Remember that you’ll need to claim your free stocks within the promotional period. Our best recommendation for troubleshooting this issue is to make your deposit as soon as possible after the promotion begins. That way, you’ll have sufficient time for everything to settle before the promotion ends.
Arrears After Selling Free Stocks
Another extremely common issue is when a moomoo user trades a free stock immediately after receiving it and ends up in arrears. As we’ve already noted, most of the stocks you receive will be worth $9.99 or less. You can sell them immediately, but if you don’t have sufficient funds to cover the fees related to the trade, you could end up in arrears.
Our recommendation here is to do some research to determine how much the share or fractional share is worth and what the fees will be to sell it. If the fees are more than the funds in your account, your best bet is to wait. And who knows? They could gain value, allowing you to earn a profit if you hold onto them for a while!
How to Participate in Moomoo’s Free Stock Promotion
By now, you’re wondering how to participate in a moomoo free stock promotion. Here are the simple steps.
#1: Sign up for a moomoo account
The first step is to sign up for a free moomoo account. Here are the things you’ll need.
- A valid email address
- If you’re a US citizen, you’ll need your Social Security Number and valid US address
- If you’re not a US citizen, you’ll need a valid passport or a valid national ID card, depending on the country
As a rule, it takes between one and three business days for your account to be validated.
#2: Make the minimum deposit
Once your account is active and validated, the next step is to make a deposit. Before you do, make sure to read the rules for the giveaway. The minimum to receive five stocks is usually $100, but double check. If you want more stocks, the minimum is often $2,000.
Remember that you’ll need to maintain that balance – so you may want to pad the amount a bit, especially if you want to trade during the 60-day waiting period.
#3: Maintain the required balance
If the minimum balance for five free shares is $100, you’ll need to maintain that balance for 60 days to unlock your free stocks.
The big takeaway here is that if you intend to begin trading immediately, you’ll need to deposit more than the minimum to meet the requirements. For example, you might deposit $200 or $250 to give yourself room to trade without dipping below the average required balance.
#4: Track and claim your free stocks
The final step is to track where you are in the process and make sure to claim your free stocks before the promotional period ends. Most promotions include a 60-day waiting period, during which your free stocks will be frozen.
Our suggestion is to track your free stocks from your profile (Accounts > Stock Rewards) and add a reminder to your calendar. When the 60 days are up, log in and grab those free stocks as soon as possible.
Pro Tip:
Sign up today with Moomoo and get an extra 4% added to your Cash Sweet program APY (for a total of 8.1%) for three months.
Why Choose Moomoo for Free Stock Rewards?
Why choose moomoo for free stock rewards? We always love a freebie, but moomoo has a lot more going for it than that. Here are the things we like about moomoo.
- It has a user-friendly interface that makes it super simple to use, even if you’re a total beginner and brand new to investing.
- The moomoo app is well reviewed and popular, with an average star rating of 4.5 out of 5 stars in the Google Play Store and 4.7 out of 5 stars in the Apple Store.
- There are advanced trading tools available for more experienced investors and beginners alike, including stock analysis, charting tools, and access to global markets including Hong Kong and China, something a lot of other digital brokerages don’t offer.
- There’s an active community that provides support to users and investors at all levels. It’s a great place to get investment tips and learn about different aspects of investing, trading, and taking full advantage of moomoo’s features.
- Moomoo gives away more free stocks than most other digital brokerages. Many will offer one free stock (Robinhood is an example), but most of moomoo’s promotions allow you to get at least five free shares or fractional shares if you meet the qualifications.
So, why choose moomoo? Because you’ll get cool features, access to global markets, membership in a helpful community, and some free stocks!
Conclusion: Start Claiming Your Free Stocks with Moomoo Today
Moomoo is a popular digital trading platform with a solid mobile app. In addition to getting access to useful trading and stock research tools, you’ll also gain membership in a helpful community of experienced investors and the opportunity to claim free stocks when you make a deposit.
As a reminder, you’ll need to set up an account, make a minimum deposit, and maintain a minimum average balance for 60 days to meet the requirements for most promotions. You should always read the fine print to make sure you understand what’s required of you and what you need to do to take advantage of the stock giveaway. Are you ready to take the next steps and take advantage of the moomoo free stock program? Sign up for moomoo now and get ready to claim your free stocks!
FAQs
The requirements may vary from promotion to promotion, but in most cases you’ll need a minimum deposit of $100, and to maintain a minimum average balance of the same amount to get free stocks on moomoo.
Yes! Most of Moomoo’s free promotions give a minimum of five free shares or fractional shares, and depending on your deposit amount and the specifics of the giveaway, you may be able to get up to 25 free shares or fractional shares.
If you don’t claim your free stocks in time, meaning before the promotional period ends, you’ll lose out. You may only claim free stocks when you make your first deposit. That’s why you’ll need to carefully read the rules of the giveaway and make sure you complete all tasks within the promotional period to get those free shares.
Yes, you can, but we don’t recommend it. The risk is that you’ll end up paying fees that total to more than the funds in your account. If that happens, you’ll end up in arrears and owe moomoo money.
You won’t have to pay taxes on the free stocks when you receive them. However, in the US, taxes will apply when you sell those stocks. If you hold the stocks for less than a year, they’ll be taxed as ordinary income. If you hold them for more than a year, you may wind up paying the lower capital gains tax rate instead.
