Update 11/14/22: New deal is person being referred gets two stocks for signing up and an additional 4/8/10 depending on how much they deposit, person referring gets 30 stocks for their first referral and then 15 for each additional referral. Only really good if you’re referring player two.
Update 8/1/22: New deal:
- The new member gets free fractional shares in 6 to 12 stocks: 2 for signing up, plus 4 or 8 or 10 for making an initial deposit.
- The referring person gets one of these: 15 fractional shares, 35 fractional shares, 50 fractional shares, or 100 fractional shares.
Hat tip to ShawntheShawn
Update 7/15/22: Offer for 20/6 is back through July 20th (ht Shawn)
Update 6/16/22: The new referral offer is 20 stocks for referrer and 6 for new member. Valid 6/15 – 6/21. (ht Adam and ShawntheShawn)
Update 5/17/22: Person being referred now gets 6 free stocks. Person being referred gets a free spin for the Webull 4th Anniversary Wheel to win one of these prizes: 10 stocks, 15 stocks, 35 stocks, and 100 stocks. Hat tip to ShawntheShawn
Update 4/29/22: Deal is back and valid until May 5, 2022. Person referring now gets 17 stocks (up from 10)
Contents
The Offer
- WeBull is offering a bonus for signing up with a referral link.
- Person signing up gets 2 free stocks between $3 and $300, and 3 free stocks between $7 and $3000
- Person referring gets 17 free stocks between $3 and $300
WeBull is a fee-free brokerage app, very similar to Robinhood which a lot of people have used and who also has the same free stock offer. They offer no-fee trading, no fee to open, no monthly fees, and no minimums.
Our Verdict
Do not share your referrals in the comments of this post. You can find referral links in this dedicated thread. You can view other Webull referral promotions in the past here.
Hat tip to ShawntheShawn
View Comments (129)
Any penalties for cashing out? Did this awhile ago and just not remembering the fine print.
did anyone get 1099 for these
In the newest promotion (valid till 01/10/24 and may get extended), the referred person gets 30 free stocks for making an initial deposit of $500+, and 75 free stocks for making an initial deposit of $25000+. @2
Searched the site but didn't come up with anything. Anyone see the webull promo for IRA ? triple rewards (log into the app to view)
https://www.webull.com/ko-yield/1699416114037-5d012f
I'm interested in 100k tier in 2 player mode for $1800 a piece
Finally, WeBull is being generous to the referred party for their referral program, it is offering 20 stocks for both parties, from 11/01/2023 to 11/08/2023:
https://imgur.com/a/qXX5I9H
@will @chucksithe
good offer but the stocks might be low in value
The value of each stock will be $3 - $3000. It has been like this for a long time. You are right that you will get a $3 fractional stock for most of the draws. They have extended the promotion to 11/15, and I have a feeling they are going to keep extending it. But it is annoying that unlike before your old referral link would remain valid with updated promotion dates in the terms, now only the newest link shows the correct promotion dates in the terms.
As shared elsewhere on DoC, Webull is running a promotion of $100 for asset transfer of $2K+, valid till 12/31/23:
https://act.webull.com/actv2/routine/transfer/us/bonus.html?actType=act_fbd
Despite the ambiguous terms which seem to suggest that the $100 bonus is only for ACAT fee reimbursement, they actually just issue $100 cash to your account even if there is no ACAT fee charged. I was able to claim the $100 reward in my account once the transfer was settled, and the bonus was delivered to my account within 3 days.
Note: this promotion is valid for your first brokerage account transfer only.
@will @chucksithe
Thanks for the info @guest_1342661 will look into it.
What do you and @guest_1706691 think about this promo: https://act.webull.com/actv2/routine/assetladder/index.html ?
See some details here: https://www.doctorofcredit.com/contact-us/#comment-1708764
I already signed up for it, but am surprised it wasn't picked up by DoC, am I somehow missing sth that makes this deal not good?
Planning to park 100k there, so any possible caution would be appreciated... :)
Good bonus if one does not mind locking up a large amount of money that long. For me, I'm going to pass on that one, but I did see it pop up here and there a few times.
It is a good deal IMO (https://www.doctorofcredit.com/contact-us/#comment-1702847), if you can afford to have $100K tied with Webull for that long without affecting your opportunities for other good offers down the road. Not sure if Webull will drop the rate significantly later or make it difficult to withdraw big amounts, but overall the deal is enticing. @guest_1712616
Just been busy
Today, just did a transfer of $2,001 from Fidelity to WeBull. Thanks for the post.
@guest_1342661
Do you mind describing what you did exactly, @guest_1706691 ?
Did you pull from webulls side or push from fidelity?
Also what kind of account did you use at fidelity and does it have to be actual stocks or can it also just be cash to qualify as the required "assets"?
Thanks a lot for any help here...
I did a pull from WeBull of my Fidelity individual cash management account. Was not an account with actual stocks, just an account that has cash to buy stocks. @guest_1712622
Thanks for the reply @guest_1706691
I assume you received the bonus (Shawn mentions 3 days, so I'd assume it would have shown up for you by now) ?
If so, I also have a Fidelity CM account and will follow your steps.
Btw, I wrote a longer post in reply to Shawn earlier (it got stuck in moderation), but have you by chance looked at this promo: https://act.webull.com/actv2/routine/assetladder/index.html ?
I received the email for it, and signed up, but curious if there is any risk I might be overlooking? TIA :)
Yes. My $100 showed up in just about 3 days as well in the form of a reward. Very easy bonus.
Thanks @guest_1342661 and @guest_1706691 followed your instructions and got the $100 reward :)
To answer @guest_1717437 , I did an acat transfer pull initiated from Webull's side, but only transferred $2k from my cash balance
glad to hear.
Did you do an ACH transfer or an ACAT transfer from the WeBull side?
FYI. The referral bonus for this month is doubled to 24 shares instead of 12. Deadline is 5/31/2023
If you need a referral, click on my name!
I notice it for my referral link at the beginning of this month, but I am not sure if it works because the terms and conditions on the page still say Offer Period: April 11, 2023 12:00 AM ET - April 30, 2023 11:59 PM ET. @guest_1617908.
Also, the odds of receiving fractional shares in 12, 20, or 24 stocks are as follows: 1:1.008, 1:126.58, 1:10000. Basically, it will be 12 fractional shares for most people.
My link says 5/10/2023-5/31/2023 if you click on the rules. And tricky marketing! I guess it is still doubled from 6 to 12 shares at bare minimum. 🤷🏻♀️
@will Newest promo gets referrer $160+ in Apple stock for 1st referral (until 3/22)
Why do they always try to screw the referred?
duplicate