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Written by Ben Scribner on September 5, 2023
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Webull Free Stock 2023: 12 Free Stocks Worth $3 To $3,000 Each!

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 September 1, 2023, to October 10, 2023.

Here's everything you need to know to take advantage of this offer.

Best Free Stock Promotions

Robinhood LogoGet 1 Free Fractional Share Worth $5 To $200Download
Webull LogoGet Up To 12 Free Fractional SharesDownload
Moomoo LogoGet 5 Free Stocks When You Deposit $100+Download
Acorns LogoGet A $20 Bonus When You Invest $5+Download

Webull Free Stock Promotion

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 can claim their free fractional shares. The number of fractional shares you receive is random, but it will be 6, 10 or 12 fractional shares. 

For example, if you opened a new Webull account during the promotional period and deposited $10, you would randomly receive 6, 10 or 12 of these 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.

Share Quantity Odds

Here are the published odds of receiving 6, 10 or 12 fractional shares based on the Webull terms and conditions:

  • 99.2% Chance of getting 6 Fractional Shares
  • 0.79% Chance of getting 10 Fractional Shares 
  • 0.01% Chance of getting 12 Fractional Shares

Based on this, the vast majority of people will get 6 free fractional shares.

Share Value Odds

Here are the published odds of receiving shares worth between $3 and $3,000 based on the Webull terms and conditions:

  • 98% Chance of getting a $3 To $10 Share Value
  • 1.97% Chance of getting an $11 To $100 Share Value 
  • 0.02% Chance of getting a $101 To $999 Share Value
  • 0.01% Chance of getting a $1,000 To $3,000 Share Value

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.

What Stocks Are Included?

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.

Final Thoughts

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!

Article written by Ben Scribner

Read more

Power Your Investing

Choosing the right product and service is essential for your investing. Here are some of the tools and services to help your portfolio grow.
Robinhood provides an easy-to-use free trading platform for beginner investors. Robinhood has $0 account minimums. Get a free stock when you open an account below.
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M1 Finance offers a free investing platform where users can build portfolios of stocks and ETFs. Users can also choose from a variety of pre-built portfolios offered for free.
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Get 1 Free Stock Worth Up To $200 From Robinhood!

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