Are you looking to jump into the world of stock trading without breaking the bank?
Look no further than Webull's free stock promotion, available from November 1, 2023, to November 30, 2023.
Here's everything you need to know to take advantage of this offer.
Keep on reading, or watch our video below on the topic.
If you transfer an existing brokerage account to Robinhood through December 8th, 2023, you can get an Unlimited 1% Transfer Bonus.
For example, if you transferred a brokerage account worth $50,000 - that would be a bonus of $500.
In addition, Robinhood offers a free stock for new users as well as a 1% IRA match for retirement accounts.
|1 Free Fractional Share Worth $5 To $200||Claim Bonus|
|6 Free Fractional Shares When You Deposit $1+||Claim Bonus|
|5 Free Stocks When You Deposit $100+||Claim Bonus|
|$20 Bonus When You Invest $5+||Claim Bonus|
During the promotional period, new eligible Webull customers simply need to make an initial deposit of ANY amount into their new Webull brokerage account.
Once the deposit settles, they will receive 6 free fractional shares.
For example, if you opened a new Webull account during the promotional period and deposited $10, you would receive 6 fractional shares.
The value of these shares ranges from $3 on the low end to $3,000 on the high end.
However, most people will get lower value shares based on the odds.
Here are the published odds of receiving shares worth between $3 and $3,000 based on the Webull terms and conditions:
Based on this, most people will end up with fractional shares worth between $3 and $10. Some will get shares in the $11 to $100 range.
However, it is very unlikely to get free fractional shares worth $101 or more based on the published odds.
The stocks awarded under this promotion are randomly selected from Webull's inventory at the time of the reward claim.
These stocks come from NYSE or NASDAQ-listed companies with a market capitalization of at least $2.0 billion and share prices between $3 and $3,000.
The odds of receiving a specific number of stocks or shares within a price range vary, with higher odds for lower-priced shares.
If you sign up for Webull and deposit any amount of money within the promo period, odds are that you will get 6 free fractional shares worth between $3 and $10.
But even if you simply get 6 free fractional shares worth $3 each, that is still $18 for free.
If you are looking for other promotions, check out our list of the best free stock promotions here, updated monthly!