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1. CURRENT PROMO IS BEST SO FAR
When we wrote our last article, we thought that the then-ongoing deal (1 Free Apple Share) was a REALLY GOOD DEAL. Several of my friends and I signed up for a moomoo account ourselves!! Then they came up with this BLOCKBUSTER PROMO: 1 Free Apple Share and 1 Free NIO Share!
Unfortunately, this DOES NOT apply to folks like me who already opened their accounts prior to 1 June.
But if you’re new to moomoo, I say go for it!
moomoo by FUTU: Solid trading app with competitive fees!
If you’re new to moomoo, it’s a trading app. We really like the platform and have been using it since we opened our FUTU accounts! Here’s our InvestQuest takeaway from when we wrote our last article:
moomoo powered by FUTU left us very impressed, by offering what investors need most – competitive pricing, an intuitive user interface, differentiated data analytic tools, and a very smooth account set up and fund transfer process. The generous sign-up bonus would be icing on the cake.
Check out our last article for a comparison of moomoo versus Tiger Brokers in terms of fees.
2. THE PROMO DETAILS
List of promo benefits
The current sign-up promo lasts till 2 August 2021 (8PM SG time), and includes:
- 1 free Apple (AAPL) share (worth about SGD 198)
- 1 free Nio (NIO) share (worth about SGD 61)
- Commission-free trading for the first 180 days for US ,HK & SG markets
- Free Level 2 market data for US stocks
- Free SGX securities Level 1 real-time market data
- S$50 cash voucher for transferring shares in
IMPT: That’s nearly S$260 worth of SHARES!!
To be eligible for the free Apple (AAPL) share, new users must deposit initial funds of at least S$2,700 (or US$2,000 or HK$16,000).
To be eligible for the free Nio (NIO) share, new users must deposit initial funds of at least S$2,700 (or US$2,000 or HK$16,000) within 30 days of account set-up AND successfully unlock the Level 1 Trading Badge OR complete 5 successful trades.
Note that a single initial deposit of S$2,700 would fulfill the funding criteria for both the free Apple and Nio shares.
3. STEPS TO GET MOOMOO ID & OPEN FUTU SG SECURITIES ACCOUNT
How to Sign Up!
Step 1: Sign up using this link
Step 2: Click “Claim Now” (see image below)
Step 3: Key in your email, desired password and Click “Sign Up” (see image below)
Step 4: Download the moomoo app and log in
Step 5: Register for a FUTU SG Securities Account
You have the option to use MyInfo to fill up most of the required info, and I took about 2 minutes to complete registration.
Step 6: Wait for account approval
You will receive an email to notify you once your account opening application is approved. Mine took only 9 minutes!
Step 7: Complete an initial deposit of SGD 2,700/HKD 16,000/USD 2,000 within 30 days
My SGD fund transfer was immediately received in my FUTU SG Securities account, , when using the “Instant Deposit via DDA” option below. That was a pleasant surprise.
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