Most referral write-ups about moomoo open with a number and leave out the unit. That is the whole problem with this offer. The headline figure is real, the campaign behind it is genuinely running, and the reward is not money. It is a stack of trading coupons that only work inside the app, on qualifying orders, for a limited window. Whether that is worth your time depends entirely on whether you were going to place those orders anyway.
Terms taken from moomoo’s own US support pages on 17 October 2026. The campaign described below is dated by moomoo itself and expires at the end of this month, so check the live promotion page before you deposit.
The Campaign Running Right Now, With Its Expiry Date
moomoo’s US promotions page lists the current referral campaign as running from 1 September 2026 to 31 October 2026. That date matters more than anything else on this page. moomoo does not run one standing referral offer the way Acorns or Betterment do. It runs stacked, dated campaigns that change several times a year, which is why half the pages you will find quoting moomoo bonuses are quoting something that stopped existing months ago.
Under the current campaign there are two separate rewards, and moomoo states they can be combined.
- The coupon reward. Your invitee opens a new brokerage account through your link and makes a first net deposit of 100 dollars or more. You receive ten trading coupons worth 10 dollars each, so 100 dollars in coupons. This one caps at 20 qualifying referrals, a maximum of 2,000 dollars in coupons.
- The share reward. Your invitee makes a first net deposit of 2,000 dollars or more and keeps average assets of 2,000 dollars or more for 60 days. You receive 100 dollars in fractional NVDA shares. moomoo places no cap on this one.
Separately, there is a limited-time deposit bonus aimed at the person joining: 100 dollars in trading coupons for a net deposit of 100 dollars that settles before 31 October 2026, and a further 100 dollars in coupons for inviting a brand new user who then deposits 100 dollars themselves.
A Trading Coupon Is Not a Hundred Dollars
Here is the distinction the headline hides. A cash bonus from Betterment or M1 arrives as money in an account you can withdraw. A moomoo trading coupon cannot be withdrawn, cannot be spent outside the app, and has no cash value stated anywhere in the terms. It offsets the cost of a qualifying order.
Practically, that means three things.
- You have to trade to realize any of it. Ten coupons of 10 dollars each are not one hundred-dollar credit. They are ten separate chances to knock a small amount off ten separate qualifying orders.
- They expire. moomoo’s own page is inconsistent on the detail, which is worth knowing before you plan around it. The regular campaign section describes coupons valid for buy-to-open orders above 1 dollar and a six-month life. The deposit bonus section describes orders above 100 dollars and a 180-day life. The page does not explain which rule governs which coupon, so read the terms attached to the coupons that actually land in your account.
- Unused value simply evaporates. Nothing carries over. A coupon you never apply was worth zero.
None of this makes the offer bad. It makes it conditional, and conditional rewards should be valued at what you will realistically extract, not at face value.
The Thirty-Day Clock Nobody Mentions
The referral relationship expires 30 days after it is created. If your friend signs up through your link and then takes six weeks to fund the account, the link between you is gone and neither side gets anything.
This is the single most common way referral bonuses are lost across every program we have examined, and moomoo’s window is tighter than most. Betterment allows 30 days to deposit, Current allows 45, and Kalshi gives 7 days for the qualifying trade. The fix is the same everywhere: open the account and fund it in the same sitting, or set a reminder for day 20.
Who Qualifies
moomoo’s eligibility rules are narrow and worth reading before you send your link to anyone.
- The invitee must be new to moomoo Financial Inc. A dormant old account disqualifies them.
- They must be a US resident, at least 18 years old, with a valid Social Security number.
- The referrer must hold an active brokerage account for the reward to be issued.
- The deposit must be a net deposit. Depositing 100 dollars and withdrawing 60 dollars the next day does not leave you with a qualifying 100 dollars.
The Arithmetic on the Bigger Reward
The NVDA share reward is the more interesting half of this campaign, and it is the half most pages ignore because it demands more.
Your friend has to deposit 2,000 dollars and keep an average balance of 2,000 dollars for 60 days. In exchange, you receive 100 dollars in actual fractional shares, which is real transferable value rather than a coupon. There is no cap, so the ceiling is as high as your network.
Compare that against the brokerage offers in the rest of this category and the picture sharpens. Public wants a thousand dollars from your friend and pays a hundred. moomoo wants twice that but lets the money come back out after two months. M1 wants ten thousand and pays less than either. Ranked by how much of your friend’s money each program locks up per dollar it returns, Public leads, moomoo is a reasonable middle, and M1 is a long way behind.
There is a catch worth naming: the reward is paid in a single named stock. One hundred dollars of NVDA is not one hundred dollars of cash, because its value moves the moment it lands. If you want the hundred dollars rather than the position, you can sell it, but you are then holding a taxable disposal in a stock you did not choose.
Is the Platform Worth Joining Anyway
A bonus should never be the reason to open a brokerage account, so the honest question is whether moomoo earns a place on its own.
Its genuine strengths are the depth of its charting and the extended-hours access, both of which are unusually good for a commission-free app. Its genuine weakness is that the interface assumes you already know what you are doing. For a first brokerage account, the simplicity of Robinhood or the automation of M1 suits most people better. For someone who already trades and wants better tooling without paying for it, moomoo is a reasonable upgrade.
If the coupons are the only thing attracting you, do the sum first. Ten coupons of 10 dollars each are worth something close to their face value if you were already placing ten qualifying trades. If you were planning to buy one index fund and leave it alone, the coupons are worth nearly nothing, and you have opened an account for no reason.
How to Claim It Without Losing It
- Open the referral link above so the code attaches before you register. Signing up first and entering a code later does not reliably work.
- Complete identity verification, which needs your Social Security number.
- Link a funding source and make a net deposit of at least 100 dollars within the 30-day window.
- Leave the deposit in place. Withdrawing it before the reward posts can void the qualification.
- Check the coupon expiry dates in the app the moment they arrive, and plan the trades you were going to make anyway around them.
Frequently Asked Questions
What is the moomoo referral code?
The code on this page is JE4HSXWM, which attaches automatically if you use the link above.
Is the moomoo bonus cash?
Mostly no. The main reward is trading coupons that work only inside the app and have no stated cash value. The larger reward is fractional NVDA shares, which are real but are a stock position rather than money.
When does the current campaign end?
moomoo lists the current referral campaign as running until 31 October 2026. After that date the terms will change, and any figure quoted here should be rechecked against the live promotions page.
How long does my friend have to deposit?
Thirty days. The referral relationship expires after that and cannot be reinstated.
Can I earn both rewards for the same friend?
Yes. moomoo states the coupon reward and the NVDA share reward can be combined, provided the deposit thresholds for each are met.
Do the coupons expire?
Yes. moomoo’s page gives two different lifetimes, six months in one section and 180 days in another, so check the terms attached to the coupons in your own account.
The Bottom Line
moomoo’s current referral campaign pays 100 dollars in trading coupons to each side on a 100 dollar deposit, with a second reward of 100 dollars in NVDA shares if your friend deposits 2,000 dollars and keeps it there for two months. The coupons are the part most write-ups overstate, because they are not money and they expire unused. The share reward is the part most write-ups ignore, and it is the one worth chasing. Both run on a campaign that moomoo has dated to 31 October 2026, so treat every figure here as checkable rather than permanent, and fund the account in the same session you open it.
