GrabRewards & Moomoo SG – Feb 2023

Updated as of 26 January 2023, 15:00 SGT

Campaign Details

Campaign Period

The campaign will commence from 1 February 2023 at 00:00 SGT and end on 28 February 2023 at 23:59 SGT (「Campaign Period」). 

Campaign Eligibility

New users are defined as client who is existing Grab user & has not opened a Moomoo Financial Singapore Pte. Ltd. (Moomoo SG) universal account and/or deposit before 1 February 2023, 00:00 SGT via the promotional link in Grab app during the campaign period. To be eligible,

● The client is required to sign up for a new Moomoo SG universal account via Grab app link.

● The client is required to sign up using a Grab-registered mobile number. 

Consent

By participating in this campaign, the client authorises & give consent to Moomoo SG to pass his/her Grab-registered mobile number details to Grab for the purpose of issuing GrabRewards Points (GRP) in accordance to the Reward for successfully opening a Moomoo SG universal account and depositing funds that the client is eligible to receive. 

Campaign Summary

New users who opened a Moomoo SG universal account successfully will receive 888 GrabRewards Points. Once user makes a deposit of SGD 2,700 or USD 2,000 or HKD 16,000 into their Moomoo SG universal account before campaign date ends via the Grab app link & be rewarded an additional 28,000 GrabRewards Points*!  

* While stock last 

Welcome Rewards worth around SGD 220 ^

* Other fees related to U.S. stocks, such as regulators, exchanges, and upstream institutions, may still be charged. Unless otherwise specified, U.S. stocks refer to stocks and ETFs listed on U.S. exchanges. If the user enjoys this fee and discount, it cannot be used in combination with other rates. For more details on this fee adjustment, please visit the Fees page. 

~ New users who subscribe to Moomoo Cash Plus of SGD 100 or above, and ensure that they hold positions of SGD 100 / USD 75 or above for 10 days, can get SGD 2 cash coupons every day.

^ Stock award value is as of 21 October 2022’s closing price. The reward value will fluctuate based on market conditions. And the reward form is detailed in the table below. This campaign has nothing to do with any company and its affiliates that are rewarded with shares.

# Please note that new users who have landed on the Grab New User Promotion page and have successfully made their first deposit of SGD 2,700/ USD 2,000/ HKD 16,000 will have a chance to spin the wheel (100% winning). The bonus shares obtained by spin the wheel will be automatically distributed to the account in a frozen form within 3 working days. Within 30 days from the next day after the frozen stocks are received, the account needs to maintain a daily asset balance of SGD 2,700/ USD 2,000/ HKD 16,000 (calculation method: whether the daily assets for 30 days is ≥ S$2,700, including cash and stocks and other assets are included). Due to stock price fluctuations, the total asset value is allowed to drop by 20% from the stated amount. After the conditions are met, the bonus shares will be unfrozen and automatically added to the account's holdings within 5 working days after the 30-day holding period.  If you do not meet the conditions within 30 days, it will be removed from your Moomoo SG universal account within the next 7 working days. If you have any questions, please contact with our online customer service team.

Frequently Asked Questions

How do I get my GrabRewards Points? 

1. New users who successfully completed the task will be issued with the GrabRewards Points to their Grab account, within 15 working days after end of Campaign Period, tagged to the Grab-registered mobile number provided at account opening.  

2. GrabRewards Points issued through this Promotion shall not be eligible for tier upgrading/maintenance in GrabRewards. However, GrabRewards Points issued can be used for redemption of offers on the GrabRewards Catalogue.

How do I get up to SGD 20 cash coupons? 

1. To open your Moomoo SG universal account, the approval process takes 1-2 working days.

2. After the Moomoo SG universal account is successfully opened, deposit and subscribe S$100 / US$75 to Cash Plus and hold positions to get S$2 cash coupons per day for up to 10 days.

How do I get free stocks? 

1. Open a Moomoo SG universal account.

2. When you have successfully deposited SGD 2,700 / USD 2,000 / HKD 16,000 and above before 23:59 SGT on 28 February 2023 into your Moomoo SG universal account, you will get 1 spin and get 1 free stock.

Deposits via DDA takes about 15 minutes and Bank Transfers takes 1-3 business days.

I opened a Moomoo SG universal account before the campaign period but have not deposited. Am I still eligible for this campaign?  

Existing users who successfully opened a Moomoo SG universal account and did not successfully deposit any amount into their Moomoo SG universal account before 00:00 SGT on 17 November 2022 will be eligible for the deposit rewards within the campaign period. 

I deposit in other equivalent currencies, is it possible?  

You can choose to deposit SGD 2,700/ USD 2,000/ HKD 16,000 into your Moomoo SG universal account. 

How will the rewards be credited to my account?  

You need to download the moomoo mobile app in the Apple Store or Google Play Store and log in to see your rewards in your account.  

Although transactions are commission-free during the promotion period, please note that platform fees are charged per order. This is to enable Moomoo SG to continue to improve the user experience, such as improving our technology, providing free market data, creating better analytical tools to improve our platform so that we can serve our users better.  Moomoo SG also charges other fees such as GST and regulatory fees. 

I have deposited SGD 2,700 / USD 2,000 / HKD 16,000. Can I use my deposit and start trading? Will my free shares be unfrozen after 30 days?

Yes, you can start trading cash, stocks and other financial products available on the moomoo app as long as you maintain a daily balance of over in these currencies only S$2,700 / US$2,000 / HK$16,000. Total asset value is allowed to drop by 20% from the stated amount (ie S$2,160 / US$1,600 / HK$12,800) due to fluctuations in share prices. After the above conditions are met for 30 days, the bonus shares will be released from the freeze and will be automatically added to the account's holdings within 5 working days after the 30-day freeze period.

For all other rewards available

For New User's welcome bundle, see here.

For Invitation rewards, see here. 

For referral rewards, please refer here.

Disclaimer

1. These terms and conditions, rewards and offers are organised by Moomoo Financial Singapore Pte. Ltd. (Moomoo SG) (「Organiser」), a subsidiary of Futu Holdings Limited. By taking part in this Campaign, you agree to be bound by these Campaign Terms and Conditions, existing terms and conditions in the customer agreement, and the decisions of Moomoo SG in relation to and in connection with this Campaign. 

2. Moomoo SG reserves all rights to terminate the campaign or change terms and conditions, offers, rewards without prior notice. Other restrictions may apply and will be posted on the moomoo app/website prior to effectiveness.

3. Zero Commission for US Stocks are only applicable to Singapore citizens; or non-Singapore citizens who are residing in Singapore and have a valid proof of Singapore residential address (eg. utilities bills, phone bills or bank statements) dated within 3 months from the date of account opening application or through Singpass addresses (if Singpass is used for account opening); or other eligible clients verified by Moomoo SG. The adjusted fees are only applicable to individual clients. Moomoo SG reserves the right to change the eligibility of the adjusted fees.

4. This offer is only valid for eligible users who are at least 18 years of age, and have a valid Singapore bank account in their own name. 

5. Currently, we limit sign-ups to a limited group of nationalities. Please click on the drop-down box during your account opening process to see if your nationality is available on the list. 

6. This offer is only valid for Grab app Singapore.

7. Applicable phone, internet and other charges may apply, and the participants shall be responsible for such costs and expenses.

8. No person should have more than one account. Please note that Moomoo SG does not allow a person to open a trading account on behalf of another (i.e. we do not allow non-beneficial owners to open an account). This requirement is also stated during your account opening process and in your declaration. Please refrain from opening a trading account if you are not the ultimate beneficial owner of the account. If your universal account shows signs of fraud, abuse, or suspicious activity, e.g., using multiple accounts or devices, Moomoo SG may, in its sole discretion, forfeit your stock rewards and limit your chance to participate in future promotions.

9. Each user or device, regardless mobile or computer, is only entitled to one set of registration / sign up rewards, account opening rewards, initial deposit rewards, market trade rewards and referral rewards.

10. Moomoo SG reserves the right to remove market data access and commission-free trade entitlement should customer not fulfil all stated conditions of the offer. Should the customer not fulfil all the stated conditions of this offer, Moomoo SG reserves the right to charge in full the free shares.

11. Requests for substitution of rewards will not be entertained. Moomoo SG reserves all rights to end the offer or amend the rules of the offer at any time without prior notice.

12. Investment products available through the Moomoo App are offered by, including, but not limited to Moomoo SG, a broker licensed by the Monetary Authority of Singapore. The Moomoo App is a trading platform offered by Moomoo Technologies Inc., a subsidiary of Futu Holdings Limited. 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. Moomoo SG does not provide investment advice and does not hereby recommend any security or transaction.

13. In the event of any inconsistency between these Terms and Conditions and any advertising, promotional, publicity and other materials relating to or in connection with this campaign/promotion, these Terms and Conditions shall prevail.

14. Moomoo SG shall not be responsible for any injury, loss or damage suffered as a result of, or in connection with the campaign/promotion and/or redemption or use of the prize howsoever arising, including but not limited to, fulfilment of the prize(s), any breakdown or malfunction in any computer system or equipment, any notice which is misdirected and/or lost in the post, loss of income, profits or goodwill, direct or indirect, incidental, consequential, exemplary, punitive or special damages of any party including third parties howsoever arising whether in contract, tort, negligence or otherwise. For the avoidance of doubt, cancellation, termination or suspension by Moomoo SG of this Contest shall not entitle any party to any claim or compensation against Moomoo SG for any and all losses or damage suffered or incurred as a direct or indirect result of the act of cancellation, termination or suspension.

15. Any trademarks, graphic symbols, logos or intellectual property contained in any materials used in connection with this campaign/promotion, in particular those relating to the campaign/promotion prizes, are the property of their respective owners. Moomoo SG is not providing any financial advice, endorsements or sponsorships to their products or services.

16. For more information on fee schedule, please visit here.

17. If you would like to access our commission calculator, please visit here.

18. This advertisement has not been reviewed by the Monetary Authority of Singapore.