Webull Promotions: Webull Sign Up Bonus and Transfer Promotions

When you join an online broker platform, you want to maximize the potential of your investment account. That’s where promotions like sign up bonuses and transfer promotions come into play. With competition heating up amongst different online brokers, it’s no surprise that most are choosing to heavily promote their referral programs.

Webull is amongst the most popular of these online broker platforms due to its generous referral policy that allows you to earn free stock every time someone signs up through your referral link. This platform is an all-around, ticking almost every box on our wish list for an online stockbroker, making it one of our most recommended.

Our guide takes an in-depth look at everything you need to know about Webull – focusing on their promotions, including the platform’s sign-up bonus and transfer promotions.

What is Webull?

Webull is one of the most popular commission-free online broker platforms that does not require a minimum balance. With Webull, you have access to traditional and Roth IRA accounts, alongside taxable accounts to trade stocks and options. However, you’ll need to have a minimum balance of $2,000 for their margin accounts due to industry regulations.

Webull’s platform allows you to trade over 6,000 different EFTs and stocks at a competitive margin rate, including cryptocurrency, which is a major selling point for the platform. Webull puts you in control of your trading, allowing you to decide exactly what to do with your funds and portfolio. One of the biggest selling points for Webull is that it does not charge a commission fee for any trades, including options trading. However, you will incur a fee for domestic and international wire transfers. You can also expect to be charged interest if you’re using a margin account through Webull.

Want to find out more about Webull? We have a dedicated guide that covers everything you’ll need to know about Webull in this Webull Review.

Webull Referral Sign-up Bonus

Part of the reason for Webull’s popular and what sets it apart from other online stock market platforms is its referral program, which is amongst some of the most generous in the industry. Their referral program can help you maximize your potential on the platform and boost your portfolio.

When you sign up to Webull through a unique referral link, you can receive free stocks worth anywhere from $3 to $3,300. Webull is offering a new sign-up bonus of 5 free stocks that are valued at up to $9600 when creating an account through a Webull referral link. This limited-time offer operates differently from the standard Webull sign-up bonus mentioned above.

When you sign up, you’ll receive your first 2 free stocks that is valued from $3 to $300 as normal without needing to add funds to your Webull account. You’ll receive the next three free stocks, valued from $3 to $3000 each once you make your initial deposit.

For more information, check out our Webull referral article for more updates and information.

How to get your Webull sign-up bonus

Getting your hands on your Webull sign-up bonus is relatively straightforward. All you need to do is create your account through a Webull referral link before following the standard sign-up directions. Our step-by-step guide walks you through how to do it.

1. Sign up for Webull through a referral link

If you want to take advantage of Webull’s sign-up bonus for free stock, you’ll need to sign up through a valid Webull referral link. If you sign-up through the website as standard, you won’t be able to take advantage of the free stock promotion. You can use this Webull referral link to create your account.

You’ll be prompted to enter your information, including an email address to verify your account. Once your account is verified, you’ll need to complete your brokerage application in order to get your first free stock.

2. Submit your brokerage application to open your account

After you’ve signed up, you’ll need to complete your brokerage application to get your free sign-up bonus. Select ‘open account’ and fill in your brokerage application. You’ll need a photographic ID on hand to verify your identification – which can be your state ID, passport, or driver’s license. Once you’ve completed your brokerage application, you’ll receive your first free stock.

3. Load your initial funds onto your account

In order to get your second free stock through the current promotion, you’ll need to make an initial deposit of at least $100 into your account. You can link your bank account to your new Webull account and make your initial deposit in order to get your second free stock.

Webull Transfer Promotion

If you have a brokerage account with another provider, you can take advantage of Webull’s transfer promotion. You’ll get $75 deposited into your account as a ‘thank you’ for switching. To qualify for this promotion, your incoming brokerage account must have a minimum of $2,000 in assets.

This promotion is also valid for IRA transfer; however, your incoming IRA account must have a minimum of $5,000 in assets to receive the $75 transfer bonus. Both transfer promotions are valid on your first account transfer only.

When can I expect my free Webull stock?

Whether it’s through your sign-up bonus or a friend using your referral link, you can expect your free stock to arrive in your account within 7-10 trading days as standard. If you don’t receive it after 10 trading days, we recommend getting in touch with Webull’s customer service team to raise a query about your missing stock.

How do I claim my free Webull stock?

Your free Webull stock will not simply appear on your portfolio as though you purchased it. One reason why people often miss out on their free sign-up and transfer promotions with Webull is that they forget to claim their free stock.

You’ll need to claim your free stock within 30 days and add it manually to your Webull account. Most of Webull’s free stock promotions will appear in your ‘My Rewards’ section within 5 days of your transfer or initial deposit. Once it appears in this section, you can have 30 days to claim it before it is returned to Webull. Once you meet the requirements for the transfer promotion, it’s worth checking back on your ‘my rewards’ section daily to ensure you don’t miss out on your free stock.

How to share your Webull referral link

The best way to maximize your portfolio on Webull is to start sharing your referral link with friends and family. Your unique Webull referral link will allow your friends to access the standard free sign-up bonus, while also earning you free stock in the process.

You can easily access your unique referral link by selecting the profile icon on the top right corner of the Webull app. Select ‘My Rewards’ at the top of the drop-down menu and then select ‘Invitation Bonus’. Once you select ‘Invite Now’, you’ll be able to share your unique Webull referral link on social media, email, or by text.

You’ll want to ensure that you speak to your friends and talk them through the sign-up process to make sure they get their free sign-up bonus and transfer promotion so that you can get your free referral stock.

What Webull Has to Offer New Customers

Now that you know about Webull’s promotions, it’s worth recapping on what the platform offers its users. We have several in-depth comparisons guide that look in-depth at the difference in Webull from other popular online stockbroker platforms.

Webull Stocks Trading

Once you sign up for Webull, you can start trading stock immediately with zero commission as soon as your account is approved. It takes only a few hours to set up your Webull account, meaning that you can start trading almost instantly. While you’re waiting, you can practice trading stock in real-time using a demo account. You can also use this option to get used to the platform before committing your money.

One minor difference with Webull is that their minimum investment for fractional shares is $5, higher than competitors like Trading 212 that allows for as little as $1. You can also use Webull’s platform to access customizable charts and real-time data to keep your finger on the pulse of the markets to make more informed trading decisions.

For now, Webull only facilitates trading with EFTs and US stocks. This set-up can be a disadvantage if you’re looking to create a diverse portfolio.

Webull Options Trading

One of the major incentives for using Webull is their zero-commission options trading that includes 0% assignment and contract fees. Webull charges you $0, whereas most brokers would traditionally charge $0.65 per contract.

You can use Webull for basic and complex options trading – although only certain investors can trade more complex options.

Webull Crypto Trading

Webull supports market orders and limit orders for crypto trading – and do not have a minimum equity requirement. You can access crypto trading 7 days a week with 11 cryptocurrency options, including Dash, Bitcoin, and Ethereum Classic.

Do you want to find out more about Webull before signing up via a referral link for your sign-up and transfer bonus? You can read our in-depth Webull Review here.