Moomoo vs Webull Referral Bonus (2026)
A detailed comparison of Moomoo (~$100 in stock per friend per referral) and Webull (Free stocks (varies by promotion) per referral) in the Investing category.
Last updated:
Verdict: Webull Edges Ahead
Both Moomoo and Webull offer competitive referral programs. Webull edges ahead with a 4.5-star rating.
Side-by-Side Comparison
| Feature | Moomoo | Webull |
|---|---|---|
| Referrer Bonus | ~$100 in stock per friend | Free stocks (varies by promotion) |
| Referee Bonus | Welcome stock reward | Free stocks (varies by promotion) |
| Payout Type | Stock | Stock |
| Commission Type | One-Time | One-Time |
| Max Referrals | 10 referrals | 10 referrals |
| Max Earnings | Varies by promotion (10-referral limit) | Varies by current promotion (10-referral limit) |
| Conversion Difficulty | Easy | Easy |
| Rating | 4.3 | 4.5 |
| How to Refer | Open the Moomoo app, navigate to the referral program section, and share your link via text, email, or social media. | Open the Webull app, tap the menu icon, select 'My Free Stocks' or 'Refer Friends,' and share your referral link. |
| Referee Requirements | Must open a new Moomoo account and complete a minimum net deposit (recent promotions require $500) during the promotion period. Invitee must be a new US resident who has not previously opened a Moomoo brokerage account. | Must open a new Webull account and make a qualifying deposit (recent promotions require $500 or more, with larger deposits unlocking bigger rewards). Funds typically must be held for a set period before rewards are released. |
| Last Verified |
Pros & Cons
Moomoo
Pros
- +About $100 in stock per funded referral — strong per-referral value
- +Higher tiers can unlock larger reward pieces
- +Commission-free trading with advanced tools
- +Access to global markets beyond US stocks
Cons
- −Friend must deposit $500 to qualify — a higher bar than no-deposit apps
- −Reward is capped at your first 10 successful referrals
- −Exact amounts and promotion windows change over time
Webull
Pros
- +Frequently aggressive promotions, sometimes stacking deposit-match bonuses
- +Free stocks can occasionally include higher-value shares
- +Advanced trading tools make it appealing to intermediate investors
- +Both referrer and referee earn under most promotions
Cons
- −Requires a qualifying deposit (recently $500+), unlike Robinhood's no-deposit option
- −Reward changes month to month, so values aren't guaranteed
- −Capped at 10 successful referrals
Detailed Program Breakdowns
Moomoo Referral Program
Earn roughly $100 in stock (recent promotions pay it in NVDA shares) for each friend who opens a Moomoo account and completes a qualifying net deposit. Higher referral tiers can unlock larger reward pieces, but $100 per friend is the typical baseline.
Max earnings: Varies by promotion (10-referral limit)
Max referrals: 10 referrals
Webull Referral Program
Earn free fractional shares when a friend opens and funds a Webull account using your referral link. The exact reward changes month to month — recent promotions have ranged from a couple of free stocks up to larger fractional-share bonuses at higher deposit tiers.
Max earnings: Varies by current promotion (10-referral limit)
Max referrals: 10 referrals
Our Recommendation
Webull edges ahead with a 4.5/5 rating, making it our top pick in this comparison. It offers Free stocks (varies by promotion) per referral with stock payouts.
That said, Moomoo is still a solid program worth considering. The best choice ultimately depends on your audience — promote the platform your referrals are most likely to sign up for, as conversions matter more than raw bonus amounts.
For best results, consider promoting both programs and recommending whichever fits each individual referral's situation. Many successful referrers maintain active links for multiple programs in the same category.
Frequently Asked Questions
- Which referral program pays more, Moomoo or Webull?
- Moomoo offers ~$100 in stock per friend per referral while Webull offers Free stocks (varies by promotion) per referral. Based on the maximum bonus value, Moomoo has the higher earning potential per referral.
- Is Moomoo or Webull easier to refer friends to?
- Moomoo has a easy difficulty level while Webull has a easy difficulty level. Both programs have similar conversion difficulty.
- How do Moomoo and Webull pay referral bonuses?
- Moomoo pays referral bonuses as stock with a one-time commission structure. Webull pays as stock with a one-time commission structure.
- Can I promote both Moomoo and Webull referral programs?
- Yes, you can promote both Moomoo and Webull referral programs simultaneously. Many successful referrers promote multiple programs in the same category and recommend different options to different audiences based on their needs and preferences.
- Which has a higher rating, Moomoo or Webull?
- Moomoo has a 4.3/5 rating while Webull has a 4.5/5 rating on RefPerks. Webull is rated higher overall. Ratings reflect the quality of the referral program from a referrer's perspective, including payout reliability, bonus amounts, and ease of conversion.
Related Comparisons
Explore more side-by-side comparisons in the Investing category.
Robinhood vs Webull Referral Bonus Comparison
A detailed comparison of Robinhood (1 free stock per referral) and Webull (Free stocks (varies by promotion) per referral) in the Investing category.
Acorns vs Webull Referral Bonus Comparison
A detailed comparison of Acorns ($5–$50 per referral) and Webull (Free stocks (varies by promotion) per referral) in the Investing category.
Moomoo vs Robinhood Referral Bonus Comparison
A detailed comparison of Moomoo (~$100 in stock per friend per referral) and Robinhood (1 free stock per referral) in the Investing category.
Acorns vs Robinhood Referral Bonus Comparison
A detailed comparison of Acorns ($5–$50 per referral) and Robinhood (1 free stock per referral) in the Investing category.
Acorns vs Moomoo Referral Bonus Comparison
A detailed comparison of Acorns ($5–$50 per referral) and Moomoo (~$100 in stock per friend per referral) in the Investing category.
Explore Each Program
Get the complete breakdown of each referral program, including detailed tips, step-by-step referral instructions, and earning strategies.
Referral program terms may change. Verify current offers on the official website.