Moomoo trading coupons, explained
Most of the referral rewards in Moomoo’s November 2026 campaign arrive as trading coupons, not cash. A coupon is worth something only once you trade with it, and it expires.
What a coupon is
Each coupon is worth $10. A $100 reward arrives as ten of them. They can be used on securities trades and event contracts in the Moomoo app.
Coupons have no cash value and no buying power by themselves, cannot be transferred, and are used one per order.
How a coupon gets used
A coupon applies to a buy-to-open order above a minimum size. Moomoo’s terms state that minimum differently in two places, $1 and $100, so check it in the app before relying on either.
After the first eligible order settles, the coupon’s face value is credited to the account within three trading days. Coupons closest to expiring are used first.
When coupons expire
Coupons are valid for six months, also stated as 180 days, from when they are issued. Unused coupons expire and are gone.
Taxes and clawbacks
Coupons may be taxable. Moomoo can reclaim coupons it decides were obtained through inappropriate means.
Source
Everything here is summarised from Moomoo’s published terms for its referral program and its Anthropic Welcome Bonus. Those terms decide what anyone actually receives, they are not always consistent with each other, Moomoo can change or end either program at any time, and this site cannot see inside Moomoo’s systems. Read the terms before you deposit.