[Expired] WeBull 2% Brokerage Transfer Bonus (Up To $100,000 Bonus)

Extended to October 8th, 2024

Extended to 9/15/24

Extended to 9/8/24

Update 8/6/24: This offer was extended through August 31. (Note, the new terms for August are not clear whether the funds need to remain with WeBull for 2 years; the customer service reply I got from WeBull is that funds need to remain until August 31, 2026 or it might affect the bonus. Separately, note, the terms now require keeping the bonus amount there for 90 days past payout.)

The Offer

Direct Link to offer

• WeBull is offering a 2% bonus when you transfer your brokerage account to their platform from July 5, 2024 through July 31, 2024.

 

The Fine Print

• Offer Period: 07/05/2024 12:00 AM ET – 07/31/2024 11:59 PM ET
• Excludes IRAs
• Offer Eligibility: This offer (the “Offer”) is open to brokerage customers in good standing of Webull Financial LLC (“Webull”) who receive a push notification through the Webull website or mobile application (collectively, the “Webull Platform”) to participate in this Offer (such customers “Eligible Customers”).
• Offer Requirements: To receive an Offer Reward (as defined below), an Eligible Customer must (i) click “Enroll Now” on the landing page for this Offer on the Webull Platform, (ii) complete 1 or more Qualifying Transfers (as defined below) in an aggregate amount between $2000 and $5,000,000 to their Webull brokerage account (their “Webull Account”) during the Offer Period, and (iii) maintain in their Webull Account, in cash and/or securities, the aggregate amount (excluding trading losses) of all such Qualifying Transfers until July 30, 2026.
• “Qualifying Transfer” means any transfer initiated after the beginning of the Offer Period by an Eligible Customer to their Webull Account of assets held by the Eligible Customer in a brokerage account at an institution other than Webull or any of its affiliates using the Automated Customer Account Transfer Service that settles before the end of the Offer Period. For the avoidance of doubt, if an Eligible Customer withdraws or transfers assets from their Webull Account or from any other account that the Eligible Customer holds with Webull or any of its affiliates and transfers all or any portion of such assets to their Webull Account after the beginning of the Offer Period, such transfer will not be deemed a “Qualifying Transfer.”
• Deposit Bonus: Each Offer Reward will consist of a cash payment credited to the applicable Eligible Customer’s Webull Account in an amount equal to 2% of their Net Qualifying Transfer Amount “Net Qualifying Transfer Amount” means, in respect an Eligible Customer, (i) the aggregate amount of all such Eligible Customer’s Qualifying Transfers, minus (ii) the aggregate amount of all withdrawals or transfers of assets by such Eligible Customer from their Webull Account during the period beginning on the start of the Offer Period and ending on July 30, 2026 at 11:59 PM EST.
• Offer Rewards will be paid in installments to the applicable Eligible Customer’s Webull Account in the amounts and on the dates indicated below: July 31, 2025 50% of Offer Reward amount; July 31, 2026 50% of Offer Reward amount.
• PLEASE NOTE: (1) Additional transfers by an Eligible Customer to their Webull Account that take place at any time after the end of the Offer Period will not increase the amount of the Eligible Customer’s Net Qualifying Transfer Amount. Example: Eligible Customer participates in this Offer and makes a Qualifying Transfer in an aggregate amount equal to $30,000 to their Webull Account prior to the end of the Offer Period. One week later, the Eligible Customer transfers an additional $30,000 to their Webull Account. The Eligible Customer will only be entitled to receive an Offer Reward in an amount equal to 2% of $30,000. (2) Any withdrawal or transfer of funds from an Eligible Customer’s Webull Account prior to July 31, 2026. will be deemed to reduce the Eligible Customer’s Net Qualifying Transfer Amount and may reduce the value of any Offer Reward the Eligible Customer is entitled to receive. Example: Eligible Customer participates in this offer and makes a Qualifying Transfer of $100,000 to their Webull Account during the Offer Period. Subsequently, one year following the end of the Offer Period, the Eligible Customer withdraws $20,000 from their Webull Account and maintains the remaining balance until July 31, 2026 (resulting in a balance of $80,000 as of July 31, 2026). Eligible Customer will only be entitled to receive an Offer Reward in an amount equal to 2% of $80,000. (3) In the event that the amount of any Offer Reward to which an Eligible Customer is entitled is reduced as a result of withdrawals or transfers out of assets from the Eligible Customer’s Webull Account between the end of the Offer Period and July 31, 2026, (i) Webull will not be obligated to make any further payments in respect of the Offer Reward in excess of the Offer Reward amount to which the Eligible Customer is entitled following the reduction, and (ii) Webull may, in its sole discretion, rescind the excess amount of any Offer Reward payments made to such Eligible Customer by debiting their Webull Account. (4.) Eligible Customers must maintain the amount of any Offer Reward payment (minus any trading losses) in their Webull Account for at least 90 days from the date on which such Offer Reward payment is credited to their Webull Account. If an Eligible Customer fails to comply with this requirement, Webull may, in its sole discretion, debit the Eligible Customer’s Webull Account the amount of such payment.
• Limitations: Each Eligible Customer may earn a maximum of one Offer Reward in connection with this Offer. Eligible Customers are not entitled to earn Offer Rewards in respect of more than one Webull Account. This Offer is not transferable or saleable.
• Webull reserves the right, in its sole discretion, to decline an Eligible Customer’s request to participate in the Offer or to decline to grant Offer Rewards to an Eligible Customer for any reason or for no reason, including without limitation (i) if any aspect of the operation of the Offer or distribution of the Offer Rewards is prohibited by applicable laws, regulations or rules, including without limitation the rules of any self-regulatory organization of which Webull is a member, (ii) such Eligible Customer’s failure to satisfy any Offer Requirements or any violation of the terms and conditions of the Offer, (iii) actual or suspected fraudulent, deceptive, or abusive activity by such Eligible Customer in connection with any of the platforms or services offered by Webull or any of its owners, affiliates, and/or subsidiaries, (iv) the occurrence of any attempt, whether successful or unsuccessful, to undermine the legitimate operation of the Offer by cheating, hacking, deception, or other unfair or improper conduct (including, without limitation, the creation of multiple accounts), or (v) if such Eligible Customer has violated the terms of any agreement to which it is a party with Webull or any of Webull’s owners, affiliates, and/or subsidiaries
• Webull reserves the right to change the terms of or terminate the Offer at any time without notice. If, for any reason, the Offer is not capable of running as planned including, but not limited to, by reason of tampering, unauthorized intervention, labor dispute, fraud, or any other cause beyond the control of Webull or its affiliates, which, in the sole opinion of Webull, corrupts or affects the administration, security, fairness, integrity or proper conduct of the Offer, then Webull reserves the right, in its sole discretion, to cancel, terminate, modify or suspend the Offer. Webull reserves the right, in its sole discretion, to rescind Offer Rewards if any applicable Qualifying Transfer does not settle, is reversed, or is otherwise determined to be improper or invalid.
• This Offer is valid alongside, although separate from, any promotions offered by Webull. Notwithstanding anything else to the contrary herein, employees, contractors, or persons similarly associated with Webull or its affiliate(s); members of their household; Webull referral partners, key opinion leaders (KOLs) and/or influencers; registered representatives of broker-dealers; employees of any securities regulatory organization or exchange; and/or employees of any market maker are not eligible to participate in this Offer. The Offer is only available for personal use and may not be used for commercial purposes. Other restrictions may apply. Void where prohibited.
• No substitution, cash redemption, assignment or transfer of any Offer Reward is permitted, except by Webull, which reserves the right in its sole discretion to substitute an Offer Reward with another prize of equal or greater value.

Our Verdict

Wow, this is an excellent brokerage bonus. They’re modeling this after the (expired) 1% offer from Robinhood, and they are upping the ante with 2% bonus for the same two year hold period. The only advantage of the Robinhood version was the fact that the bonus became immediately available to invest which allows us to benefit from the gains during the two year hold. With WeBull you get half after one year and the other half after the two year time period is complete.

The two-year hold time does weaken the deal somewhat, especially for someone who likes chasing brokerage bonuses. Still, 2% bonus rate without tiers and basically without limit is much better than almost any other brokerage bonus currently available. (For transfers sub-$100k, the TastyTrade deal is better than this WeBull offer.) We’ll add this to our List of Best Brokerage Bonuses.

Personally, I just went about moving my investments to Robinhood and I’m considering doing this deal as well with whatever other investments I have. Maybe I should even dump Robinhood and switch over to WeBull for the larger bonus. I’ll first click through Swagbucks to open a WeBull account, then I’ll look out to make sure I’m targeted/eligible for the offer (I believe it’s showing for everyone, but worth verifying). Then I’ll transfer over my investments to WeBull via ACAT transfer and leave them there for 2 years. I would not necessarily recommend having more than $500,000 with WeBull or Robinhood since the SIPC insurance limit is that amount. Less than $500,000 seems safe to me.

Additional notes, pointed out by readers:

• WeBull will reimburse up to $100 in transfer fees.
• WeBull apparently isn’t great with transferring over cost basis, so you might have to get manually involved for that to process correctly.

Hat tip to reader Terp