April 17, 2024, 00:00 – July 31, 2024, 23:59 ET (hereinafter referred as "Promotion Period").
This promotion is only eligible for customers of Moomoo Financial Inc. ("MFI") with a currently active brokerage account during the prescribed promotional period.
We will NOT be able to award any bonuses to participants who no longer have active brokerage accounts with Moomoo Financial Inc. Should you need any assistant with opening an brokerage account, please do not hesitate to contact our customer service.
Offers are only valid for US residents with a valid SSN who are at least 18 years old.
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Eligibility
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What do the referrees need to do ？ |
Total Fractional Share Rewards You'll Receive |
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Customers of Moomoo Financial Inc. ("MFI") with a currently active brokerage account during the prescribed promotional period. |
Open a brokerage account at MFI using your referral link and complete an eligible ACAT¹ transfer worth $100 or complete a minimum net deposit of $100 during the promotion period |
21 Fractional Share Rewards of the "Magnificent 7"² stocks worth $5 each ($105 total value as of the closing price on June 10, 2024, ET"). |
Description：
1. Share your unique referral link with friends. If they open a brokerage account at MFI using your referral link and complete a minimum net deposit³ of $100 or complete an eligible ACAT transfer worth $100 during the promotion period, you will receive 21 Fractional Share Rewards of the following 7 stocks (3 Fractional Share Rewards of each stock):
• Microsoft (NASDAQ: MSFT)
• Apple (NASDAQ: AAPL)
• Nvidia (NASDAQ: NVDA)
• Amazon (NASDAQ: AMZN)
• Alphabet (NASDAQ: GOOG)
• Meta Platforms (NASDAQ: META)
• Tesla (NASDAQ: TSLA)
2. The value of the fractional share holding for each 21 of the Fractional Share Rewards is worth $5⁴ as of the closing price on June 10, 2024, ET.
3. There is no limit to the number of friends you can refer to, but you can only receive our referral bonus for the first 5 successful referrals.
4. Fractional shares are illiquid outside of Moomoo Financial Inc., and cannot be transferred. Additionally, not all securities offered by Moomoo Financial can be traded as fractional shares.
¹ ACATS or Automated Customer Account Transfer Service, is an electronic transfer system developed by the National Securities Clearing Corporation (NSCC) to automate and standardize the transfer of accounts between brokerages.
² The term "Magnificent 7" stocks is a popular industry term when referring to specific mega cap technology companies. This is not a recommendation of any investment or strategy. Investing involves risks.
³ Net deposit = total deposit - total withdraw
⁴ Due to fluctuations, the stock price may vary depending on the marketing conditions. The share percentage that you owned from $5 may consequently vary depending on the time you participated in this promotion.
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Eligibility |
What do the referrees need to do |
Cash Sweep APY Rate |
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Customers of Moomoo Financial Inc. ("MFI") with a currently active brokerage account during the prescribed promotional period. |
Open a brokerage account at MFI using your referral link and complete an eligible ACAT transfer worth $100 or complete a minimum net deposit of $100 during the promotion period |
5.1 % APY (Rate as of 11/03/23 and is subject to change)
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Description：
1. Share your unique referral link with friends. You the ('Referrer') are eligible for 5.1% APY on your uninvested cash in the Cash Sweep Program if at least one person you refer (the 'Referree') successfully opens a brokerage account at MFI, using your referral link, and deposits or transfers at least $100 during the Promotion Period.
2. The Referee is also eligible for 5.1% APY on uninvested cash in the Cash Sweep Program and a new customer free stock bonus. See Welcome Bonus for more details.
Referrees must be persons who have not previously opened a brokerage account at MFI and who are U.S. residents over the age of 18 with a valid SSN.
Share your unique referral link with friends. If they open a brokerage account at Moomoo Financial Inc. (“MFI”) using your referral link and deposit $100 or more, the Ambassador Badge will be lighted up and indicate that you have now become a moomoo Ambassador.
All listed stocks and ETFs tradable through Moomoo Financial Inc. can be transferred in or out of your account. Transfers are available for: US stocks, American Depositary Receipts (ADRs), and ETFs; Cash and options (from Robinhood, Webull, TD Ameritrade, Fidelity, E Trade, Cash App, Charles Schwab, Ally Invest, Firstrade, Merrill Lynch, and Interactive Broker only). Options that expire within 7 days of initiating the transfer cannot be transferred in. Transfers are currently not available for: bonds, mutual funds, pink sheet stocks, or other OTC stocks.
Special note on ETFs: Only listed ETFs are supported. ETFs listed in the US markets must have a market value of over $300 million and a market price of at least $5 at the time the transfer is initiated. For more details visit MFI Cash Sweep Program Terms and Conditions.
The share percentage that you owned from $5 is calculated as of the closing price on June 10, 2024, ET. Please
You can view your assets via "Accounts > Total Assets > Assets Trend" to get an approximate assessment of your average daily assets.
No. Moomoo does not impose limits on the amount of money that you or your friends can deposit in a single transaction. If your friends successfully make an initial deposit during the promotion period and your average asset balance meets the promotion criteria, you will be eligible for the referral bonus.
Cash Sweep Program is a cash management program provided by Moomoo Financial Inc. This program is only open to US securities accounts under Moomoo Financial Inc. Uninvested cash is automatically swept to the bank(s) through this program and is eligible to earn interest.
When the cash purchasing power of the securities account is negative, the uninvested cash will be automatically redeemed from the bank(s) to the securities account before the transactions are settled to avoid the payment of financing interest. When the cash is positive, it will be automatically deposited in the bank(s) at 2pm EST of each trading day to earn interest.
More information can be found in the full MFI Cash Sweep Program Terms and Conditions.
The sweep program (1) allows an investor to earn a rate of interest on free cash that is higher than the rate offered for cash held in a brokerage account and (2) banks in the program offer insurance through the FDIC (Federal Deposit Insurance Corporation), on such cash that is higher than that available for an SIPC-covered account.
The uninvested cash swept to program banks is eligible for FDIC insurance up to $1 million. or $250,000 per program bank, inclusive of any other deposits you may already hold at the bank in the same ownership capacity, which may impact how much is covered. You are responsible for monitoring the total amount of deposits that you have with each Program Bank, in order to determine the extent of FDIC deposit insurance coverage available to you.
Please note that until funds are swept to a program bank, they are held in your brokerage account which is protected by SIPC. Once funds are swept, they are no longer held in your brokerage account and are not protected by SIPC. However, these funds are eligible for FDIC insurance through the Program Banks subject to FDIC insurance coverage limits.
Sorry, if the referree makes a successful deposit and an ACAT transfer and at the same time, as the referrer you are only able to receive the referral bonus once from each successful referral.
Whether other types of promotions can be stacked is subject to the Terms & Conditions of the specific activity.
1. This program is open to U.S. residents, who are at least 18 years of age with a valid Social Security Number. Employees, contractors, or persons similarly associated with Moomoo Financial Inc. or a Moomoo Financial Inc. affiliate, members of their household and employees of any securities regulatory organization or exchange are not eligible for this program.
2. This Event is offered by Moomoo Technologies Inc. The moomoo app is an app that offers access to licensed brokerages. In the US, securities products available through the Moomoo App are offered by Moomoo Financial Inc., a broker-dealer registered with the SEC and member FINRA/SIPC. For further information about Moomoo Financial Inc., see FINRA BrokerCheck. For further information about SIPC coverage for accounts at Moomoo Financial Inc, see www.sipc.org or request an explanatory brochure from Moomoo Financial Inc.
3. This offer is only valid for existing qualifying clients who successfully refer a new Moomoo Financial Inc. account. Bonuses will be credited only if the referred Moomoo Financial Inc. 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. 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 Financial Inc. And Moomoo do not provide investment advice and do not hereby recommend any security or transaction.
5. The interest rate available through the Cash Sweep Program may change at any time and without notice. The terms and conditions of the Cash Sweep Program are incorporated into the terms and conditions of the Existing Customer Cash Sweep Offer.
6. At its sole discretion, Moomoo Financial Inc. reserves the right to adjust the incentive program parameters.
7. Each user is limited to using one account, one mobile phone number, and one device to participate in promotions. Abnormal behavior (including but not limited to using mobile phone device emulators and artificially modifying mobile phone device numbers) may automatically disqualify or suspend users' eligibility for participating in the promotion.
8. Moomoo Technologies Inc. reserves the right to terminate this promotion at any time without notice. This promotion and the products and services available through Moomoo Financial Inc. and Moomoo Technologies Inc. are not available to all customers or in all geographic areas or in any jurisdiction where it is unlawful for them to offer such products and services.
9. Consult with your tax advisor about the appropriate tax treatment for this offer and any tax implications associated with receipt of a bonus before enrolling. For taxable accounts, the value of all Moomoo Financial Inc. offers received may be reported as Other Income on a Form 1099-MISC where required by applicable rules and regulations. A special transaction code will be needed awards can be identified and picked up on the clients 1099-Misc. Moomoo Financial Inc. and Moomoo Technologies Inc. do not take responsibility for any tax related to this referral program.
10. The promotion is restricted to unique device (mobile or computer) identifiers, as determined by Moomoo Financial Inc. and its affiliates. Each device is eligible to participate only once in the promotion above.
11. Other Terms and Conditions of moomoo apply, please see moomoo.com.
12. Translations from English are provided for convenience only. In case of any ambiguity or dispute over the terms or rules of this promotion, the terms and conditions of the English language version will control.
13. By participating in the promotion, you certify that you have read and understood the rules of this promotion as well as the terms and agreements of Moomoo Financial Inc. And Moomoo Technologies Inc.
14. ALL TERMS AND AGREEMENTS OF MOOMOO FINANCIAL INC. AND MOOMOO TECHNOLOGIES INC. ARE HEREBY INCORPORATED INTO THESE TERMS AND CONDITIONS, INCLUDING AND NOT LIMITED TO THEIR ARBITRATION AND CLASS-ACTION WAIVER PROVISIONS.
15. The customer agreement for Moomoo Financial Inc. is available at Moomoo Financial Inc. CUSTOMER AGREEMENT.
These Terms and Conditions contain a pre-dispute arbitration clause and class action waiver. By participating in the promotion, you certify that you agree to the following:
• All parties to these Terms and Conditions are giving up their right to sue each other in court. including the right to jury trial, except as provided by the rules of the arbitration forum in which a claim is filed.
• Arbitration awards are generally final and binding; a party’s ability to have a court reverse or modify an arbitration award is very limited.
• The ability of the parties to obtain documents, witness statements, and other discovery is generally more limited in arbitration than in court proceedings.The arbitrators do not have to explain the reason(s) for their award unless, in an eligible case, a joint request for an explained decision has been submitted by all parties to the panel at least 20 days prior to the first scheduled hearing date.
The panel of arbitrators may include a minority of arbitrators who were or are affiliated with the securities industry. The rules of some arbitration forums may impose time limits for bringing a claim in arbitration. In some cases, a claim that is ineligible for arbitration may be brought in court.
The rules of the arbitration forum in which the claim is filed, and any amendments thereto, shall be incorporated into these Terms and Conditions.
• No person will bring a putative or certified class action to arbitration, nor seek to enforce any predispute arbitration agreement against any person who has initiated in court a putative class action; or who is a member of a putative class who has not opted out of the class with respect to any claims encompassed by the putative class action until: (1) the class certification is denied; (2) the class is decertified; or (3) the client is excluded from the class by the court. Such forbearance to enforce an agreement to arbitrate will not constitute a waiver of any rights except to the extent stated herein. You agree that any controversy between Moomoo Financial Inc., Moomoo technologies Inc., their affiliates, any of their respective officers, directors, employees, or agents and you (including any of my officers, directors, employees, or agents) arising out of or relating to these Terms and Conditions, our relationship, any Brokerage Services provided by you, or the use of the App or your website, and whether arising before or after the date of these terms and conditions, shall be arbitrated and conducted under the provisions of the Code of Arbitration of the FINRA. If any party unsuccessfully resists confirmation or enforcement of an arbitration award rendered under these Terms and Conditions, then that party shall pay all costs, attorneys’ fees, and expenses incurred by the other party or parties in confirming or enforcing the award. Arbitration must be initiated by service upon the other party of a written demand for arbitration or notice of intention to arbitrate. Judgment, upon any award rendered by the arbitrator, may be entered in any court having jurisdiction.