Promo

Moomoo Promo: Get a S$50 Grab/NTUC voucher for new users

By Beansprout • 06 Mar 2024 • 0 min read

Get a free $50 Fairprice or Grab voucher when you sign up for a Moomoo account via Beansprout. Also, receive welcome rewards worth up to S$970 from Moomoo.

moomoo singapore promotion 2024

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Summary of Moomoo Exclusive Promotion 

  • What's the deal:
    • Beansprout Exclusive Promotion: Receive a S$50 Fairprice or Grab voucher in addition to Moomoo welcome rewards when you sign up for a Moomoo account via Beansprout and fund S$2,000. 
    • Earn additional welcome rewards worth up to S$970 from Moomoo Singapore
      • Earn a guaranteed return of 6.8% 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$447 for a S$80,000 deposit. 
      • Receive a stock bundle worth S$70 when you deposit a cumulative amount of S$3,000 or more, and complete 3 buy trades.
      • Receive 3 stock bundles worth S$210 when you deposit a cumulative amount of S$10,000 or more, and complete 8 buy trades.
      • Receive 1 Apple share (worth S$243) when you deposit a cumulative amount of S$100,000 or more, and maintain assets for 90 days. 
  • Eligibility requirements: 
    • The promo is only available to new users of Moomoo.
    • The maximum subscription amount into any funds under Moomoo Cash Plus for this campaign is S$80,000 for each user. 
  • Campaign period: 
    • The promotion will run until 1st May 2024.

Beansprout Exclusive Promo - S$50 FairPrice or Grab voucher for new Moomoo users

Receive a S$50 Fairprice or Grab voucher from Beansprout when you sign up for a Moomoo account via Beansprout and fund at least S$2,000. 

Simply submit your contact information via this Google Form after you've signed up!

You can email us at support@growbeansprout.com if you have any questions about the flash promo.

Pro tip: The Beansprout exclusive flash promo reward is stackable with Moomoo welcome rewards below.

To learn how to setup and fund your Moomoo account, check out our step-by-step for beginners here.

What are the eligibility requirements for Moomoo Welcome Rewards Promo?

Moomoo Welcome Rewards Promotion

Moomoo is running a promotion where you can earn up to S$970 of welcome rewards when you sign up for a new account. 

The Moomoo welcome rewards are valid until 9.59pm on 1 July 2024. 

Read on to find out more about how to earn these welcome rewards

#1 -  Moomoo Cash Plus 6.8% p.a. guaranteed return for 30 days

Firstly, you can earn a guaranteed return of 6.8% p.a. for 30 days when you deposit your funds into Moomoo Cash Plus. 

This means that you would be able to about S$447 for a S$80,000 deposit. 

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

moomoo cash plus
Source: Moomoo

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 6.8% annualized yield on the first fund they buy.

The 6.8% p.a. annualized yield is only valid for 30 days. Moomoo SG will reimburse the returns to 6.8% p.a. in cash rewards if the underlying fund returns is below 6.8% 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 6.8% annualized yield for 30 days after your first subscription.

Where the fund chosen has returns higher than 6.8% annualized yield, full annualized yield as per the underlying funds returns will be given accordingly.

The additional bonus (i.e. difference between 6.8% 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 share bundle worth S$70

In addition, receive a stock bundle worth S$70 when you deposit a cumulative amount of S$3,000 or more, and complete 3 buy trades.

moomoo welcome bundle rewards 1
Source: Moomoo

To be eligible for the free stock bundle , 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.

Each stock bundle consists of fractional shares in Nvidia (NVDA), Tesla (TSLA), Apple (AAPL), Sea Limited (SE) and NIO (NIO).

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. 

moomoo stock bundle
Source: Moomoo

#3 – Maintain daily assets of S$10,000 for 90 days to unlock another 3 x free share bundles worth S$210

Deposit a cumulative amount of at least S$10,000 and complete at least 8 buy trades in total to receive 3 free shares bundles worth S$70 each or S$210 in total.

After the conditions are met, you will need to click "Claim" on the landing page and the three stock bundles consisting of fractional shares in Nvidia (NVDA), Tesla (TSLA), Apple (AAPL), Sea Limited (SE) and NIO (NIO) worth S$70 each 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. 

#4 – Maintain daily assets of S$100,000 for 90 days to get 1 free Apple share

Deposit a cumulative amount of at least S$100,000 and maintain assets for 90 days to get 1 free Apple (AAPL) share (worth about S$243).

The reward value will fluctuate based on market conditions. 

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)

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

How do I sign up for the Moomoo promo? 

Sign up using the exclusive link here.

To learn how to setup and fund your Moomoo account, check out our step-by-step for beginners here.

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This article was first published on 05 November 2023 , and was updated on 06 March 2024.

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