Overview of the Moomoo promo code
| Platform type | Investment trading and prediction market site |
| Welcome bonuses | 8.1% APY on uninvested cash and up to $1,000 in NVDA stock |
| Moomoo promo code | Not applicable |
| Eligible traders | New users who are at least 18 years old, reside in the US, and have a valid SSN |
| Other offers | Transfer bonus and referral bonus |
| Prediction markets | 10+ including entertainment, politics, commodities, culture, tech, and weather |
| Share prices | $0.10 to $0.99 |
| Supported banking methods | ACH transfers, Wire transfers, and International bank transfers |
What is the Moomoo welcome bonus?
Moomoo's welcome offer is an 8.1% APY on uninvested cash that you deposit on the site. After registering for an account, all I had to do was make a deposit on the site and enroll in the Cash Sweep program.
In addition, I came across a free stock draw. You'll be able to access this offer when you make a deposit of at least $500 to your Moomoo account. If you are eligible for this offer, the operator will enter you into a draw for a chance to claim up to $1,000 in NVDA stock.
There is no fixed prize to expect from this draw, as the rewards are randomized. Nonetheless, I still found it as rewarding as the Sleeper markets promo code offer.
How do you use your bonus to trade on the available Moomoo markets
I did not have any issues making trades on the Moomoo prediction platform since it works no differently from other prediction markets. I spotted over 10 event contracts covering topics such as commodities, science and technology, companies, and financials.
The trading process is simple. Head to one of the markets, pick a suitable event, and purchase "Yes" or "No" shares depending on what you think the outcome will be. Shares are priced between $0.10 and $0.99, which is affordable and comparable to competitors' price ranges.
After the market settles, the prices of your winning shares will rise to $1 if your prediction is correct. However, you suffer a loss as the value of your shares drops to $0 due to inaccurate predictions.
How does Moomoo determine share prices?
Moomoo's share prices are influenced by the probabilities attached to each outcome. These are expressed as percentages ranging from 1% to 99% and depend on traders' collective opinion of whether a given outcome will occur. The more traders who purchase a given outcome, the higher the odds of that outcome.
So, if the probability of an event occurring is 70%, the shares will be priced at $0.70 and so on. If you change your mind about a prediction at any point, you can sell your shares and lock in some of your profit.
Claiming the Moomoo welcome bonus: My step-by-step guide
During my Moomoo review, I had to first complete the registration process to be eligible for the welcome offer. Here's how you can do the same by following the steps below:
- Click any of the links on this page to be redirected to the Moomoo prediction site
- Click the "Open Account" button
- Complete the verification process by entering your name, date of birth, SSN, and address
- Click "Next" and upload your documents as required to complete the KYC
- Deposit some cash into your Moomoo account using one of the banking methods available
- After the deposit reflects, enroll in the Cash Sweep program to be eligible for the welcome offer of 8.1% APY on uninvested cash
If you deposit at least $500, you'll also be eligible to enter the draw and claim up to $1,000 in NVDA stock. This is the second welcome bonus that you are eligible for after registering for an account.
Terms and conditions of the Moomoo welcome bonus offers
Just like the Rolr promo code offer, there are a couple of guidelines attached to the Moomoo welcome bonus. You can find them on the terms and conditions page, and it is crucial that you read and understand them to get the most from the bonuses.
Here are some of the most important ones I spotted:
- Only new traders who register and complete the verification process can claim the Moomoo welcome offer
- You'll need to deposit some funds into your account to be eligible for the bonus
- You must be at least 18 years old and have a valid SSN to claim the Moomoo welcome offer
- Enrolling in the Cash Sweep program is the key to claiming the welcome bonus
- The APY booster is only applicable to your initial $20,000 deposit
If you are considering claiming the second welcome offer, there are a few terms and conditions specific to it. Here are a couple of them:
- The minimum deposit amount to be eligible for the offer is $500
- Only deposits made using ACH, instant transfers, and wire transfers will be eligible for this bonus
- You will need to maintain average assets of around $500 and $50,000 for 60 to 180 days, depending on your deposit amount, to unlock the bonus reward
Other Moomoo promos for existing players
I spent some time trading on the Moomoo prediction site after registering and spotted a couple of other offers. These include:
Referral bonus
This works like your standard referral bonus available on other platforms. All I had to do was share my unique referral link with my friends, and for everyone who registered, I received a reward. This ranged from cash rewards of $100 to $200 to NVDA stocks worth up to $250.
But that's not all. Every one of your eligible friends will be eligible for a $25 cash reward, along with the regular welcome bonuses.
Transfer bonus
Claim the transfer bonus by transferring your assets from other brokerages to Moomoo. After your initial Automated Customer Account Transfer, you'll instantly receive a 3% match bonus. The operator credits your account in four installments every quarter, up to $600. If you transfer up to $50,000, you'll be eligible to claim 2 Met Suite Tickets.
Like these offers? If yes, I suggest reading my Coinbase promo code review to find offers with benefits similar to those outlined above.
Pros and cons of claiming the Moomoo welcome offers
- Two unique welcome bonuses for new traders
- More than 10 markets available
- Shares cost less than $1
- Must be a US resident with a valid SSN
Conclusion: Is it worth claiming the Moomoo welcome offers?
In my opinion, yes. The fact that you don't need to enter a Moomoo promo code makes it one of the easiest offers around. Simply register for an account with the prediction platform, make your initial deposit, and enroll in the Cash Sweep program to be eligible for an 8.1% APY on uninvested cash. You are simply being rewarded for leaving cash in your account. If you tend to trade large amounts, you also get access to up to $1,000 in NVDA stock when you deposit at least $500.
The operator also offers other bonuses, including a referral bonus and a trading bonus, which reward you for transferring your investment assets to Moomoo. Once you have everything sorted out, you can begin purchasing event contracts on any of the 10+ markets for less than $1! If you are ready to begin, click any of the links on this page to register, make a deposit, and start trading.
Moomoo promo code FAQs
What is the Moomoo promo code?
No Moomoo promo code is required to claim bonuses on the prediction platform. All you have to do is click any of the links on this page to register, make a deposit, claim your bonus, and start trading.
Who is eligible to claim the Moomoo welcome offer?
Anyone who resides in the US, is at least 18 years old, and has a valid SSN can register for an account on Moomoo, make deposits, and claim any offers on the platform.
Can you sell shares before the market settles on Moomoo?
Yes, you can. If you change your MIND at any time during a trade, you can sell them off to lock in some of your profit. I recommend this option if you want to prevent a total loss.
What markets can you trade on at Moomoo?
Moomoo features over 10 markets, including financials, culture, tech, entertainment, weather, and politics. Shares are affordable, costing less than $1.
