Over the last few years, there has been a lot of competition in the brokerage industry. This has resulted in a lot of new choices for retail investors.
One of the most important considerations when opening an account is what you might be getting out of it. Lucky for you, Webull and other brokerages doll out free stocks when you jump on board with them.
Promotions change all the time, but this is current as of April 2021. Here's the free stock promotion Webull is running!
And if you are not familiar, here is our full review of Webull.
To receive the first free stock, all you need to do is open a Webull account here.
This means signing up with your name and email and then following up with your personal information like your address and SSN.
The first stock will be valued between $2.50 - $250 and is a random selection.
This promotion ends on 4/28/21 so you'll have to act quickly to take advantage of this promotion!
All you need to do to get 1 more free stock is fund your Webull account with $100 or more on your initial deposit. The free stock will be worth between $8 and $1,600. You must fund your account within 30 days of account opening.
The free stocks 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.
Webull cautions that stock price fluctuations may alter these value ranges.
Users will be reimbursed for a transfer fee of up to $100.00 if they are transferring over $2,000.00 from another brokerage over to Webull. Please note that this is a one-time offer and will only apply to the first account transfer.
So, if you are looking to transfer from Robinhood to Webull, they will reimburse your transfer fee if you are moving more than $2,000!
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, Retirement Accounts, Extended-Hours Trading
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.
If you want more information, here is what Webull said on their website about the free stock promotion:
Click Here To Get Your Free Stocks From Webull!
As mentioned earlier, the free stock promotion is based on a lottery system. Here are the official odds for this:
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.
If you want to earn more free stocks, Webull has a promotion going on for that too!
This promotion ends on 4/28/2021 as well, so act soon.
Keep in mind, you get your free stock after your referral's funds settle, which could take up to 5 business days.
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.
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.
After you open your account and it is approved, you have 30 days to claim your 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 free stock. It can take up to 5 business days for the funds to settle.
Currently, Webull is offering the free stock promotion through March 31st 2021. 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. Happy investing!
