Moomoo vs Webull Referral Bonus (2026)
A detailed comparison of Moomoo (Up to 15 free stocks per referral) and Webull (2–12 free stocks per referral) in the Investing category.
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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 | Up to 15 free stocks | 2–12 free stocks |
| Referee Bonus | Up to 15 free stocks | 2–12 free stocks |
| Payout Type | Stock | Stock |
| Commission Type | One-Time | One-Time |
| Max Referrals | unlimited | unlimited |
| Max Earnings | unlimited | unlimited |
| 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 make a qualifying deposit. Higher deposits unlock more free stocks. | Must open a new Webull account and deposit any amount to receive initial stocks. Higher deposits unlock more free stocks. |
| Last Verified |
Pros & Cons
Moomoo
Pros
- +Up to 15 free stocks per referral — among the most generous
- +Commission-free trading with advanced tools
- +Unlimited referrals
- +Access to global markets beyond US stocks
Cons
- −Less brand recognition than Robinhood or Webull
- −Higher deposits required to unlock maximum stocks
- −Most random stocks fall in the lower value range
Webull
Pros
- +Multiple free stocks per referral (2–12 during promotions)
- +Each stock can be worth up to $3,000
- +Unlimited referrals
- +Advanced trading tools make it appealing to intermediate investors
Cons
- −Requires funded account (unlike Robinhood's no-deposit option)
- −Most stocks land in the $3–$10 range
- −Platform may feel complex for absolute beginners
Detailed Program Breakdowns
Moomoo Referral Program
Earn up to 15 free stocks when a friend opens and funds a Moomoo account. Stock values range from $3 to $2,000 each.
Max earnings: unlimited
Max referrals: unlimited
Webull Referral Program
Earn 2 to 12 free stocks (each valued $3–$3,000) when a friend opens and funds a Webull account using your referral link.
Max earnings: unlimited
Max referrals: unlimited
Our Recommendation
Webull edges ahead with a 4.5/5 rating, making it our top pick in this comparison. It offers 2–12 free stocks 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 Up to 15 free stocks per referral while Webull offers 2–12 free stocks per referral. Based on the maximum bonus value, Webull 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.
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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.