Moomoo Refreshes New User Promo With Chance To Win Random Free Share, Including NVIDIA

Alex Cheong Pui Yin

19th April 2024 - 4 min read

Moomoo Malaysia has updated its welcome rewards for new customers, which now gives you the chance to win a random free share via a lucky wheel spin, including a NVIDIA, Apple, or Tesla share. Running from today until 13 May 2024, other existing new user benefits that you can also continue to enjoy include RM100 cash coupons and free access to Level 2 Malaysia (MY) market data.

This time round, this campaign is open to several categories of individuals, namely:

Those who do not have a Moomoo MY universal account before 16 April 2024.
Those who have a Moomoo MY universal account, but have not made any deposit or participated in other new user campaigns before 16 April 2024.
Those who have a Moomoo MY universal account and have made a cumulative deposit of less than RM10,000 between 1 to 15 April 2024.

If you fall into any of the eligible categories, then you can go ahead and win a random free share by opening a Moomoo MY universal account and depositing a cumulative minimum of RM10,000 into the account by 13 May 2024 (10pm). Note that there is also an additional stipulation that requires you to maintain a minimum net deposit of RM10,000 for a period of 60 days in order to earn the reward.

Once you’ve successfully completed your deposit, you’ll immediately receive your chance to spin a lucky wheel (you need to return to the campaign landing page to do so), where you can then win one of the following shares:

Grab: valued at approximately RM15 (as of 9 April 2024)
Under Armour: valued at approximately RM32 (as of 9 April 2024)
Coca Cola: valued at approximately RM280 (as of 9 April 2024)
Apple: valued at approximately RM820 (as of 9 April 2024)
Tesla: valued at approximately RM900 (as of 9 April 2024)
NVIDIA: valued at approximately RM4,000 (as of 9 April 2024)

The free share that you’ve won will then be reflected in your account, but you’ll only be able to “unfreeze” and claim it after the mandatory 60-day lock-in period is up. Once this period is over, the free share will be automatically credited to your account balance within 5 days.

Moomoo also reassured investors that they are free to invest the RM10,000 fund that they have deposited into their account without worrying about fluctuations in their holdings’ value as it will not affect the unlocking of the reward. As we’ve mentioned earlier, the key thing is to maintain a net deposit of RM10,000 for the 60-day period.

On top of the random free share to be won, new investors will continue to be able to access these existing additional perks for new users – which were also made available in previous new user campaigns – depending on the requirements that they meet:

Rewards (can be stacked)	Requirements
– 180-day commission-free trading in US and MY stock market – Free Level 2 US stock 60-depth quotes – Free Level 1 MY stock 3-depth quotes	Successfully open Moomoo MY universal account
RM100 cash coupons, consisting of: – 2x RM25 stock cash coupon – 1x RM50 cash coupon valid for 60 days from date of issuance	Successfully open Moomoo MY universal account and deposit RM500
Market cards to unlock up to six months of free Level 2 MY market data	Trade any US and/MY stocks with your account before 13 May 2024 (10pm)

For extra context, Moomoo’s very first new user campaign – when it officially launched in Malaysia just two months ago – initially allowed individuals to win simply a free Apple share when they deposited RM8,000 into their accounts and maintained the net deposit for a period of 30 days. The requirements were subsequently amended; later investors had to deposit RM10,000 and maintain the net deposit for an extended period of 60 days instead. The free Apple share was also offered in addition to the extra perks like RM100 cash rewards (1x RM50 cash coupon and 5x RM10 stock cash coupons) and free access to market data.

If you’d like to tap into this refreshed new user campaign from Moomoo Malaysia, you can go ahead and download the app for free from Google Play or the App Store. The platform is also licensed by the Securities Commission Malaysia (SC), and is among the first global digital brokerage firms to be granted the Capital Market Services License in the country. Furthermore, you can now also take advantage of a concurrent Moomoo campaign where you get to enjoy a free trial of Nasdaq’s data feed subscription service, TotalView.

(Source: Moomoo Malaysia)

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Alex Cheong Pui Yin

Previously covered recruitment-related stories and had a short stint as a copywriter for the property industry. She subsequently developed an interest in investment and robo-advisors.

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