Sign up with Webull FREE stock offer and get up to 2 free trading stocks valued up to $1600.00, plus the new Webull referral program will reward you with 10 FREE stocks for your two referrals.
[This post was updated on 04/29, 2021, to reflect the new Webull Free Stock promo and the new Webull Referral program for the month of May to June 02, 2021.]
Thanks to technology and the tremendous rise in fintech, gone are the days when you had to rely on brokers on Wall Street to trade in stocks. Nowadays, you can trade stocks for FREE using online trading platforms such Webull, TD Ameritrade, Robinhood and more. I have been with Scottrade for many years and have been very happy with them, but nowadays, mergers and acquisitions happen everywhere and a few years ago, they were acquired by TD Ameritrade.
I like TD Ameritrade, they have one of the best trading platforms out there, but with all these crazy things happening in the trading world, I decided to open another account and it’s with Webull.
What is Webull
Webull Financial, a fintech brokerage firm on Wall Street, is one of the online brokerage firms you can use for online stock trading. The firm is safe and legit, in case you are worried about your investments. It is regulated by the Financial Industry Regulatory Authority (FINRA) and a member of SIPC.
Just like some of its major competitors in the industry, Webull does not charge its customers fees or commissions for trading. The company makes money from premium memberships, cash balances, and transaction rebates.
And that’s not all. Now and then, Webull offers its customers promotions, like free stocks. The good news is that the promotion is currently running, and if you sign up as a new customer, you stand a chance of getting up to two free stocks.
How The Webull Free Stock Offer Works:
The current offer allows you to get up to 2 free trading stocks valued up to $1850.00. How does this work?
- You have to sign up and open an account with Webull. This qualifies you for the first free stock, valued between $2.50 and $250.00. You will also get automatic access to a free three-month Level 2 Advance subscription.
- For a second extra stock valued between $8.00 and $1,600.00, You will need to make an initial deposit of $100 or more to qualify.
- You only have 30 days to claim your free stocks.
The promotion comprises US-listed stocks in NASDAQ and the NYSE with a minimum market capitalization of $2.5 billion. The free stocks are chosen randomly by an algorithm from settled stocks in their reward program inventory.
You might not get stocks from major companies like Google and Facebook, but you still stand a chance of owning stocks of other popular companies.
According to the Webull website, here are your chances of getting a free stock or stocks:
- 100% chance – 2 free stocks if you open a brokerage account and deposit a minimum of $100.
- 1 out of 100 chance – of claiming stocks of Starbucks, Facebook and Snap when you open a brokerage account.
- 1 out of 50 chance – of claiming stocks of Google, Procter and Gamble and Kraft Heinz when you make a deposit of $100 in your Webull brokerage account.
How I Signed Up and Received My Webull Free Stocks
There is a 4-step process when you sign up and open an account:
1. Application submission – You can either sign up online using your personal computer by going to Webull.com or by downloading the app to your Smartphone. The app is available on both Android and iPhone. (I signed up using my laptop!) You will need the following information during the sign-up process:
- Your phone number or email to create an account.
- Your Social Security Number when filling out the application form.
- You will be asked to upload a photo (front and back) of your drivers’ license.
- The last process to signing up is to sign the application form digitally.
2. Auditing – You will need to answer basic questions such as your investment amount, if you’re a finance professional or not, and more. The questions are pretty standard.
3. Application approval – You will be notified via email of your approval. I received the email within an hour of submission.
4. Deposit – You are now ready to make a deposit and fund your Webull account. Deposit $100.00 or more, so you can get your free stocks!
Shown below are the screenshots of the emails I received after I made the deposit.
- Open your Webull App
- Click on the Menu tab
- Click on the “My Free Stock” ad
- Tap or click on the banner that says “Get“
- Draw your free stock
Once you claim your free stocks from the offer, you will receive the stocks in 10 business days in your account.
The sooner you sign up, the faster you can get your 2 free stocks, especially since funds might take a few business days to settle into the account.
For example, wire transfers take up to 2 business days, while an ACH transfer can take up to 5 business days.
Webull Free Stock – Other Terms and Conditions
Again, your initial deposit MUST be $100.00 or more. You cannot deposit $50.00 twice as the system will register your initial deposit as $50.00, which is less than the allowed $100.00 for you to qualify for the promotion.
Unfortunately, the offer for the free stocks is available for customers in the US only.
Should You Trade Stocks on Webull?
Absolutely, Webull is a top-notch stock trading platform. For new traders and investors, I recommend that you try using the Webull stock simulator. With the simulator, you can practice trading stocks with monopoly money just like you would with real money.
The user interface is very well laid out and easy to use. A slight learning curve is expected for newbies, but other than that, it’s pretty good.
I also like Webull because they offer extended hours trading, which is very important for a swing trader like me. You can trade pre-market from 4:00 am to 9:30 am EST and during after-market hours from 4:00 pm to 8:00 pm EST.
Regarding stock research, Webull has it all, from market research to financial news of your favorite stocks.
Webull Referral Program
With your account is up and running, you can still get more free stocks from Webull. Cool, right?
All you have to do is refer others to signup on Webull and every successful referral earns you 4 or more free stocks!
To refer your loved ones, go to your Webull App, click on “My Free Stock,” then on “Invite Friends,” and get your unique referral link. When they sign up using this link, they must also deposit at least $100.00 within 30 days.
With the new and updated Webull referral program, you can refer friends and get as many FREE stocks as you want.
How The New Webull Referral Program Works:
A successful Webull referral between 4/29- 06/02/2021 (Successful referral means your referral opened an account and deposited at least $100)
- 1st referral – 2 stocks
- 2nd referral – 2+6 = 8 stocks
- Every successful referral afterward – 2 Free stocks each
This offer is also valid until 06/02/2021 for you to qualify for the free stocks. When your friend’s initial deposit has cleared, you can then claim your 4 free stocks.
If you are interested in stocks, the Webull App offers you an excellent opportunity to trade. There are no fees, commissions, or any minimum balances. And, if you sign up and deposit just $100.00, you will get free stocks. Better still, the Webull referral program lets you refer your friends, and get as many as 10 more Free stocks.