Looks like there are different variations being sent out, check the comments for more details.
The Offer
Shows up in app if targeted, e-mail was also sent with the subject line ‘Special bonus! Deposit $500 or more to get 3 free stocks’
- Webull is offering some users three free stocks if they deposit $500 by 5/29
The Fine Print
- This promotion is user targeted. You will NOT receive any free stocks if you participate in this promotion without receiving a push notification or an email invite. Sharing this promotion with others does NOT guarantee them the same rewards nor does it equate to an invitation to participate.
- If a user initiates a withdraw or transfer out funds from the deposit made between 5/14/2020 to 5/29/2020 before 6/29/2020 and the net value of the account falls under the required deposit amount, they’ll not receive any free stocks.
- You will be able to claim your free stocks on 6/29/2020. That is a total of thirty (30) days where you CANNOT withdraw or transfer out the deposit. You can, however, use the deposited funds to trade. As long as you do not initiate a withdraw or transfer out, you will qualify for the free stocks.
Our Verdict
Normally the free stocks from WeBull are worth $9-$1,000, but I don’t see any mention if that’s the case with this promotion. WeBull has had a deposit promotion like this before, but it required a deposit of $10,000+.
Hat tip to reader Steve & Kyle
Subject: Open this email for a brand new offer
Hi there,
Here is a brand new offer just for you!
Get 3 FREE STOCKS while all you need is to make an initial deposit of $1000 or more (each free stock valued between $8-$1600).
Duration: 3/17/2021 00:00 EST to 3/29/2021 23:59 EST
This offer won’t open to everyone, make sure you don’t miss out!
Tap HERE to start now！
Best,
TheWebullTeam
I got the same email. Fine print doesn’t say anything about keeping the $1000 deposited for any period of time, but I will anyways just to be safe.
I guess if you wait long enough you get a better deal. First it was 1 free stock with 100.00 deposit. then 2 free stock with 100.00 deposit. Today I got a 5 free stock with 100.00 deposit. I will take the offer.
Anybody see any stocks from the latest deposit bonus round (last deposit date 07/05), supposedly to be credited today?
05/22/2020 Deposit of $500 made it to the account
06/30/2020 Drew 3 free stocks ZNGA $9.62, ZNGA $9.63, and ERIC $9.16
I will be pulling my funds and selling the stock as soon as it allows me to.
FYI. Takes at least 5 trading days to withdraw money from webull and have it post into your bank account via ach.
Received emailed offer today to deposit $10K by 6/20 and claim 10 free stocks valued between $9 and $1000 on 7/31, or 25 free stocks for a net deposit of $25K or greater. Works out to at least ~8% annual return for 41 days of holding at the lowest stock value.
Haven’t got this offer. I’d prob do it
The offer I and P2 received is for 40 stocks (25+15 bonus) for the 25K-99K deposit tier, the rest of the tiers are the same.
My offer was 2 free stocks for $100 deposit. I have yet to deposit any funds as I’ve been waiting for a decent offer. I’ll probably do this one… John 3:16
Got the same offer for $500 deposit, ended up taking it
Received similar offer as others. Deposit $25K by 5/31 and keep until 7/31, receive 30 stocks valued between $9 and $1000.
Worse return for a $25K deposit that posts on 5/31 and is withdrawn on 8/1 (2 months later) yields ~6.5% APY return for 30 stocks valued at $9 minimum. Pf course there’s a possibility, although it hasn’t been my experience with WeBull, of receiving a higher valued stock.
Did you receive an email or app notification? If not, and you only see the “deposit tier bonus” in the app, I don’t think you’re eligible.
I don’t have push notifications enabled, but promo appears in app.
“This promotion is user targeted. You will NOT receive any free stocks if you participate in this promotion without receiving a push notification or an email invite”
You aren’t eligible then according to the terms.
I agree with Jeremy. Make sure you receive an email at least. Don’t want to get burned after 2 months with 25k just sitting there.