As I am sure your parents have told you, if something seems too good to be true it probably is. But is this the case with the free stock promotion offered by Webull?
Webull is a stock, ETF, and options trading platform that is now offering a very generous free stock promotion. New users can receive free stocks if they open and fund their account with $100 or more on their initial deposit.
There are millions of dollars being invested into companies like Webull. A lot of that money is being directed into promotions like this one, allowing you to get 2 free stocks! So, here's the gist:
- Webull is offering new users a free stock just for opening an account.
- You can also earn a second free stock once you fund your Webull account with $100 or more on your initial deposit.
First Free Stock - Opening Account
To receive the first free stock, you just need to open a Webull account here. The first free stock will be worth between $2.50 and $250.
The free stock will be credited to your account within 5 days of being claimed. The free stock reward is totally random and it is based on a lottery system.
Second Free Stock - Funding With $100+
To receive the second free stock you need to fund your Webull account with $100 or more on your initial deposit. The second free stock will be worth between $12 and $1,400. You must fund your account within 30 days of account opening.
This means if you open a Webull account and fund it with $100 initially, you could potentially receive 2 free stocks with a combined value of up to $1,650. The minimum value you could receive in 2 free stocks is $14.50. Webull cautions that stock price fluctuations may alter these value ranges.
Webull Free Stock Promotion
Here is what you need to know about the Webull free stock promotion, according to the Webull website:
- During the activity, customers will only get a free stock for opening their first brokerage account with Webull Financial LLC. The price of the stock can fluctuate based on market movements.
- The Reward Program Inventory is composed of stocks with a minimum market capitalization of $2.5 billion and is listed on either the NYSE-listed or NASDAQ-listed markets. The current program inventory is composed of widely held, recognized brand names and consumer & service-related industries.
What Are The Odds?
As mentioned earlier, the free stock promotion is based on a lottery system. Here are the official odds for this:
First Free Stock Odds ($2.50 To $250)
- Value of $2.50 to $10: 1 in 1.02
- A value of $10 to $50: 1 in 52.63
- Value of $80 to $100: 1 in 1,111.11
- A value of $100 to $250: 1 in 10,000
Second Free Stock Odds ($12 To $1,400)
- Value of $12 to $30: 1 in 1.02
- A value of $30 to $100: 1 in 52.63
- Value of $100 to $200: 1 in 1,111.1
- A value of $1,000 to $1,400: 1 in 10,000
As I am sure you guessed, odds are that you will end up getting a lower value stock. However, there is still a chance of getting a high value stock.
Webull Referral Program (More Free Stocks)
Once you open your Webull account, you can refer your friends and earn additional free stocks.
For each new Webull user you invite that funds with $100+ initially, you can receive 2 free stocks valued between $12 and $1,400.
The new user you refer will receive a free stock at sign up valued between $2.50 and $250. Once the new user deposits $100, they will receive a second free stock valued between $12 and $1,400. You both get free stocks!
Invitation Special Earn An Extra 3 Stocks
Users who invite at least 3 new users to the Webull platform, and if they each deposit $100, then you will receive an additional 3 free stocks.
This means the more friends you refer, the higher your odds of getting a free stock valued up to $1,400.
If you refer 3 people to Webull and they deposit $100, then you will receive a total of 9 FREE stocks.
How To Refer Friends To Webull
To refer your friends, once you are in the Webull app go to "my free stock" and check the terms for the invitation bonus.
You can then hit "refer my friends" and Webull will provide a tracking link you can use and give to your friends to sign-up.
Once your friend funds their account with $100, you will receive 2 free stocks and your friend will receive 2 as well (1 at sign-up and 1 after account funding).
Webull Summary Review
Webull is a brokerage company founded in 2018 and located in New York City. The Webull platform is a member of SIPC and FINRA, you can check them out on brokercheck.
Account Types: Individual, Traditional IRA, Roth IRA, Rollover IRA
Trading Fees: Commission-Free trading of stocks and ETFs
Account Minimums: $0
Top Features: Trading Simulator, Desktop/Mobile App, Charting Features, Commission Free Stock/Options Trading, Analyst Ratings, After-Hours Trading.
To learn more about Webull, check out our full Webull Review.
Webull is a relatively new brokerage, launching only a few years ago in 2018. However, new brokerages have taken the industry by storm and have reduced fees across the industry. Webull, Robinhood, and M1 Finance are all relatively new brokerages, all with $0 fees for trading.
One of the reasons why Webull shines as a new trading platform is the combination of advanced features with relative ease of use. Webull offers more advanced charting, trading data, and real time quotes when compared to other free platforms such as Robinhood or M1 Finance.
Webull caters to investors who want hands on information to make trades directly on their mobile phone for FREE - Webull has $0 commissions for trading stocks and ETFs.
Why Offer Free Stocks?
You might be wondering what Webull gains from this. Webull is looking to acquire more users and gain market share in the brokerage industry. They are trying to compete with some big players like Robinhood.
It is common for brokerages to offer an incentive to people who sign up for new accounts in order to gain market share and build a user base.
Webull makes money through a few different avenues. One of these avenues is offering paid subscriptions to market quotations. For example, if you wanted access to TST Level-1 you would pay them $4.99 a month or $53.99 a year.
Webull knows that a certain number of users will be interested in their premium service, so it is cost-effective for them to offer free stocks in order to attract new users.
Here's an article on all the ways that Webull is making money.
A lot of people are cautious about this and wonder whether or not Webull is legitimate. We are glad to share that they are 100% safe and just as legitimate as any other brokerage out there. They are looking to acquire new users, and that comes with a large marketing budget.
Other Free Stock Offers
Robinhood also offers a free stock at sign up. If you sign up for Robinhood you can receive a free stock valued between $2.50 and $200.
There is no requirement to fund your Robinhood account to receive the free stock. You can also refer your friends and you will each receive 1 free stock.
Robinhood is a stock, ETF, option, and cryptocurrency trading platform. Similar to Webull, Robinhood offers commission-free trading.
The Acorns platform is also offering a sign-up incentive. New users who sign up via this link will receive a free $5 credit to their account. There is no need to fund your account to receive your credit.
Acorns is a stock and ETF trading platform that will round up your purchases to the next $1 and invest the spare change. Check out our review of Webull vs Acorns.
When Do You Get The Stocks?
After you open your account and it is approved, which could take a few days, you will receive your first free stock upon account approval.
At that point, you have 30 days to claim your second free stock. In order to do this, you need to fund the account with $100 or more on your first deposit. After the funds have settled, you will get your second free stock. It can take up to 5 business days for the funds to settle.
How Long Is The Promotion For?
Currently, Webull is offering the free stock promotion through August 2020. Though they may end up extending it, there is limited time to receive your free stocks.
So, if you are interested in giving it a shot and seeing what stock you get, feel free to use our link below. As mentioned above, this is an affiliate link.