Futu SG, company behind the popular moomoo trading account, is making things sweeter for new and existing customers alike.
For new users, get free Apple and NIO shares!
Update: this promo has been extended to 8PM 2nd August 2021; final extension 😢
Futu SG has been very aggressive in attracting new customers, and this is evident by looking at their generous sign-up promo.
If you haven’t already signed up for a Futu SG securities account, here is what you get what you sign up with this link and complete a few easy steps:
- Commission-free trading* in US, HK, and SG markets for 180 days
- Free level 2 market data for US market
- Free level 1 market data for SGX
- One free Apple Inc. (AAPL) share
All you need to do:
- Sign up with this link (less than 5 minutes with SingPass)
- Deposit S$2,700 (receive free Apple share worth approximately S$185)
- Complete 5 trades (receive free NIO share S$65 )
*Note that other fees apply
That’s approximately S$250 of free shares!
New and existing users: referral bonus
Once you have successfully signed up for your Futu SG securities account, you can refer your friends and family and receive a Twitter share (TWTR) once they have deposited S$2,700. It’s a win-win for getting your friend a free Apple share (AAPL)!
That’s one Apple share for your friend, and a Twitter share worth ~S$75 for yourself! You can do this up to 20 times, which means you can earn a total of 20 Twitter shares in all.
New and existing users: S$50 for share transfer-in
You might not want to deal with multiple trading apps, which is why this is such a nifty feature you can take advantage of: transfer your shares into your Futu SG securities account and make it your only trading app if you wish. You even get a one-time S$50 cash coupon for your first successful transfer!
Existing customers who have signed up for moomoo powered by Futu are also eligible for this promotion. Do note that you should check with your broker if they charge fees for transfer.
Summary of benefits
The sign-up benefits are excellent, and there’s something for new investors and seasoned ones alike.
New investors get to own their first Apple share for free (around S$170 at the time of writing), and get 180 days of commission-free trading. They can access free market data to get a hand at researching stock picks. Each referral also earns them more shares, and with such great sign-up gifts it’s pretty easy to invite friends and family.
More experienced investors would certainly appreciate the 180 days of commission-free trading, and the S$50 cash coupon reward for transferring shares from their other trading accounts sweetens the deal.
100,000 client competition
In the short amount of time of under three months since the official launch, Futu SG has attracted an impressive number of 100,000 paying clients to use their trading app – moomoo.
In celebration of achieving this milestone, you can celebrate this milestone with Futu SG by creating an original photo with any item representing “100,000”. Post it in the comments section for this Facebook post and the Top 3 entries with the most likes win cash coupons of up to S$100! This contest will end on 7 June 2021. The terms & conditions for this competition are found here.
Frequently asked questions
If you need help, feel free to reach out in my group chat, or privately.
Is this regulated by Singaporean authorities?
Futu Singapore Pte. Ltd. (“Futu SG”) is a capital markets services licence holder regulated by the Monetary Authority of Singapore (Licence No. CMS101000).
Futu SG’s parent company, Futu Holdings Limited, is backed by world-class investors which include venture capital affiliates of Tencent, Sequoia Capital and Matrix Partners.
For further information on Futu Singapore Pte. Ltd., you can refer to the MAS’s Financial Institutions Directory.
When will I get my Apple share?
You will get your Apple share 3 to 5 working days after depositing at least S$2,700
You will get your NIO share from 18th June 2021 onwards after making 5 successful trades (or by unlocking the Level 1 Trading Badge in the app).
Can I withdraw my money from the app? Is there a fee?
Like any trading app, you are able to withdraw your money. If you are withdrawing under S$200,000 to a Singapore bank offering FAST, there is an estimated 1 business day processing time and no fees. Please see this support article for more information.
How safe are my funds?
Clients’ funds are custodised in a segregated account. In the unlikely event Futu SG becomes bankrupt, clients’ funds are kept safe and separate.
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