Moomoo promo: Earn 5.8% guaranteed returns for 30 days + Tesla shares worth US$60

Summary of Moomoo Sep/Oct Promo 

• What's the deal: 
  • Earn a guaranteed return of 5.8% p.a. for 30 days when you deposit your funds into Moomoo Cash Plus. This means that you would be able to earn up to S$380 for a S$80,000 deposit. 
  • Receive 3 free Tesla (TSLA) fractional shares worth US$20 each (total US$60) when you deposit a cumulative amount of S$3,000 or more, and complete 3 buy trades 

• Eligibility requirements: 
  • The promo is only available to new users who have never opened a Moomoo SG universal account and/or deposited funds before 11:59 AM SGT on 31 August, 2023.
  • The maximum subscription amount into any funds under Moomoo Cash Plus for this campaign is S$80,000 for each user. A minimum deposit of S$0.01 is required.
• What's important to note: Your returns for cash deposited into Moomoo Cash Plus will revert to the net returns for the Moomoo Cash Plus after 30 days. All investments carry risks.
• Promo dates: The promotion will run till 31st October 2023

What’s the deal with Moomoo Sep/Oct Promo?

Moomoo is running a promotion where you will earn a guaranteed return of 5.8% p.a. for 30 days when you deposit your funds into Moomoo Cash Plus. This means that you would be able to earn up to S$380 for a S$80,000 deposit. 

To find out more about Moomoo Cash Plus, read our review here.

In addition, receive 3 free Tesla (TSLA) stock worth US$20 each (total US$60) when you deposit a cumulative amount of S$3,000 or more, and complete 3 buy trades.

To find out more about Moomoo, read our review here.

What are the eligibility requirements for Moomoo SG Sep/Oct Promo?

The promo is only available to new users who have never opened a Moomoo SG universal account and/or deposited funds before 11:59 AM SGT on 31 August, 2023.

#1 - The guaranteed 5.8% p.a. bonus return will only be earned during the 30-day holding period. 

New clients can buy either the SGD fund or the USD fund, but the promotion only applies to the first fund they choose, i.e., they can only enjoy a 5.8% annualized yield on the first fund they buy.

The 5.8% p.a. annualized yield is only valid for 30 days. Moomoo SG will reimburse the returns to 5.8% p.a. in cash rewards if the underlying fund returns is below 5.8% p.a. 

If the first fund, Fullerton SGD Fund chosen by a new user has a 3.9% annualized yield return, Moomoo SG will make up the difference to ensure a 5.8% annualized yield for 30 days after the client's first subscription.

Where the fund chosen has returns higher than 5.8% annualized yield, full annualized yield as per the underlying funds returns will be given accordingly.

The additional bonus (i.e. difference between 5.8% p.a. and the underlying fund return) will be credited in lump sum to your Moomoo SG universal account as cash rewards within seven business days after the 30-day period ends.

Do note that your return on Moomoo Cash Plus will revert to the net return on the selected fund after 30 days, and all investments involve risks.  

The maximum subscription amount into any funds under Moomoo Cash Plus for this campaign is S$80,000 for each user.

The minimum subscription amount is SGD 0.01.

#2 – Maintain daily assets of S$3,000 for 30 days to unlock free Tesla fractional shares

To be eligible for the free Tesla fractional shares, you will need to deposit a cumulative amount of at least S$3,000  and complete at least 3 buy trades.

Buy trade is defined as the action of buying of stocks, ETFs or funds only. The minimum trade amount per transaction needs to be at least S$1.

After the conditions are met, you will need to click "Claim" on the landing page and a Tesla fractional shares will be issued to your account.

Thereafter, you will need to maintain daily assets of S$3,000 for 30 days before the stock will be unfrozen and credited to your account. 

The reward value will fluctuate based on market conditions. Due to stock price fluctuations, the total asset value is allowed to drop by 30% from the stated amount. 

The full terms and conditions can be found here

What else do I need to know about the Moomoo Promo?

Apart from the welcome rewards above, you will be able to receive the following as a welcome gift

• Lifetime commission-free in the U.S. stock market*
• Free Level 2 US stock market data
• Free Level 1 Singapore Market Data
• Free Level 1 China A-share market data
• 1 Year commission-free for SG market (includes only stocks, etfs and reits)

Frequently asked questions about Moomoo  Promo

How do I get the even more Tesla fractional shares?

Deposit a cumulative amount of at least S$10,000 and complete at least 5 buy trades in total.

After the conditions are met, you will need to click "Claim" on the landing page and five additional Tesla fractional share (NYSE: TSLA) worth US$20 each (total US$100) will be issued to your account.

Maintain daily assets of S$10,000 for 90 days before the stock will be unfrozen and credited to your account. Due to stock price fluctuations, the total asset value is allowed to drop by 30% from the stated amount. 

How do I sign up for the Moomoo promo? 

If you are keen on the promo, set up an account using the exclusive link here.

The promotion ends on 31^st October 2023.