Moomoo referral program Q&A
Promotion period: 11th May 2020 12:00 AM ET - 24th Sept 2020 12:00 AM ET
(Users using referral link to register during the promotion period will be qualified for this program)
How can I earn free stocks by referral?
(1) Tap "Me" - "Free Stock" in moomoo App
(2) Tap "Invite friends" and share your referral link to your friends
(3) When your friend signs in and opens a trading account on moomoo, you'll both get a free stock valued $4-$200
(4) When your friend makes the first deposit of $500 or more at a time in the account during the promotion period, you'll both get another free stock valued $10-$1,000
As a new user, how can I get free stocks?
(1) Sign in via your friend's referral link
(2) Download moomoo App and login in with your registered email
(3) Open a trading account and get approved during the promotion period. After your account gets approved, you can get a free stock valued $4-$200
(4) Make your first deposit of $500 or more at a time in your account during the promotion period, you'll get another stock valued $10-$1000
How do we choose your free stock?
Your free stocks are chosen randomly from our inventory of settled shares according to a specific probability distribution, so you may not receive the same stock as what your friend does.
The probability distribution is as followed:
For opening accounts, there is an an approximately 99.3% chance to get a share of stock worth $4-$10, a 1 in 200 chance to get a share of stock worth $10-$50 and a 1 in 500 chance to get a share of stock worth $50-$200.
For making the first deposit ≥$500, there is an approximately 98.8% chance to get a share of stock worth $10-$50, a 2 in 250 chance to get a share of stock worth $50-$200 and a 1 in 250 chance to get a share of valuable stock worth $200-$1,000.
How to claim the reward?
(1) Once your reward is ready, we'll send you a notification. Then you can go to "Me" - "Free Stocks" - "My Rewards" in moomoo App to claim your reward
(2) You will get a chance to draw your free stocks by clicking "Claim"
(3) After you claim your reward, you can check it at the bottom of "Trade" - "Brokerage Account" page
(4) You will be able to trade your free stock within 5 trading days
How many free stocks you can receive?
Every Futu Inc account holder is allowed to receive up to $2000 worth of stocks from referrals throughout the timespan of the referral campaign. If your total value of free stock is approaching $2000, you won't be able to receive more free stock. However, your friends will still receive a free stock if they sign up with your invite link. You will still be able to attend this promotion if you already reached your cap in the last referral promotion.
Terms & Conditions
1.This program is open to U.S. residents currently living in the U.S., who are at least 18 years of age with a valid Social Security Number. Employees, contractors, or persons similarly associated with Futu Inc. or a Futu affiliate, members of their household and employees of any securities regulatory organization or exchange are not eligible for this program.
2.The rewards in this program are offered by Futu Inc. Moomoo Inc. and Futu Inc. are indirect, wholly-owned subsidiaries of Futu Holdings Ltd. The Moomoo App is a trading platform offered by Moomoo Inc. Securities products available through the Moomoo App are offered by Futu Inc., a broker-dealer registered with the SEC. Futu Inc. is a member of FINRA and SIPC. For further information about Futu Inc., see FINRA BrokerCheck. For further information about SIPC insurance coverage for accounts at Futu, see www.sipc.org or request an explanatory brochure from Futu Inc.
3.This offer only valid for existing qualifying clients who successfully refer a new Moomoo and Futu account. Bonuses will be credited only if the referred Futu brokerage account is approved and the reward is claimed through the moomoo platform. Limit one offer per qualified referral with a maximum of one account per referred client. The rewards will be credited to the enrolled account within approximately 5 trading days after the reward is claimed.
4.This offer is limited to one per new account, with no more than one account enrolled per customer.
5.Neither receipt of a share of stock through this program nor identification of a particular security in communications related to this program constitutes a solicitation of the security or a recommendation to buy, sell, or hold the security. Futu and Moomoo do not provide investment advice and does not hereby recommend any security or transaction.
6.Customers may hold or sell awarded stocks once credited to the customer’s account. The value from sale of the stock can be withdrawn or used to buy other eligible securities in the account.
8.At its discretion, Futu Inc. reserves the right to adjust the incentive program parameters.
9.Every Futu Inc account holder is allowed to receive up to $2,000 stocks throughout the timespan of the referral campaign.
10.You can only register one trading account with us. If your moomoo account shows signs of fraud, abuse, or suspicious activity, e.g. using multiple accounts, moomoo may, in its sole discretion, forfeit your stock rewards and limit your chance to participate in future promotions.
11.Futu Inc. reserves the right to terminate the incentive program at any time without notice. Other restrictions may apply and will be posted on the Moomoo App/website prior to effectiveness.
12.Consult with your tax advisor about the appropriate tax treatment for this offer and any tax implications associated with receipt of a stock bonus before enrolling. For taxable accounts, the value of all Futu offers received may be reported as Other Income on a Form 1099-MISC where required by applicable rules and regulations. Futu and Moomoo do not take responsibility for any tax related to this free stock referral program.