- Open a Webull account using a referral link (here is my Webull referral link).
- You’ll immediately receive two free stocks worth between $3 and $300.
- Deposit any amount in your Webull account
- You’ll then receive an additional three free stocks worth between $7 and $3,000.
At a minimal, you ’ ll receive $ 27 deserving of free lineage for a down payment of any amount. In my experience, the stocks you receive are more valuable than that, so you should ideally earn more for your down payment .
In the remainder of this post, I ’ ll base on balls you through precisely how to earn your Webull referral bonus and provide some more data about what Webull is and how it works .
What Is Webull?
Webull is a release brokerage app that allows you to invest in both person stocks and exchange-traded funds ( ETFs ). The app offers both taxable brokerage accounts and tax-advantaged accounts in the form of IRAs and Roth IRAs.
importantly, Webull charges no deputation fees or management fees, which means you can use Webull to buy and sell stocks for loose. There are several exchangeable apps like this on the market – Robinhood comes to mind and works in basically the same manner .
If you ’ ra looking for a brokerage account to buy and sell individual stocks and ETFs, Webull is finely for this, but not one I would particularly recommend as a primary investment report. My main issue with Webull is that I find the interface confusing and not peculiarly user-friendly .
That said, I do think it ’ s worth opening an account with Webull entirely to get the signup bonus and give yourself the option to earn more bonuses by referring friends and family members. Since it ’ randomness free, there ’ s very no downside .
Webull Referral Bonus Step-By-Step Instructions
here are the bit-by-bit instructions you can follow to earn your Webull referral bonus :
1. Open Your Webull Account Using A Referral Link
The first footfall to earn your Webull referral bonus is to open a Webull account using a referral yoke. here ’ randomness my referral associate if you want to earn your Webull bonus and support this site .
You ’ ll motivation to open an individual taxable history. I believe Webull calls this a cash bill. Do not open an IRA or Roth IRA, as those types of accounts are not eligible for the signup bonus .
note that Webull does not do any recognition checks, so opening a Webull account has no impingement on your credit .
2. Fund Your Webull Account Any Amount
once you ’ ve opened your Webull account, fund it with any amount. Be surely to do this right away then that you don ’ thyroxine forget. It takes 5 business days for your deposit to settle .
The important thing to know is that you don ’ triiodothyronine actually have to invest the funds that you deposit. If you ’ re not planning to actually use Webull and are just looking to get the complimentary stocks, then you should leave your depository as cash in your Webull bill. That way, you can withdraw it late without any risk that your deposit loses value .
3. Once Your Funds Settle, You’ll Get Your Free Stocks Within 15 Trading Days
After you make your deposit, you ’ ll have to wait a few days for your funds to settle ( Webull states it takes 5 business days for your funds to settle ). once your deposit settles, you ’ ll get your spare stocks within 15 trade days.
4. Claim Your Free Stocks In The App
The annoyance thing about Webull is that they make you claim your release stocks, rather than posting them automatically in your account. You can only claim your free neckcloth via the Webull app, so you ’ ll motivation to download the app to claim your stock. When your complimentary lineage is available, you should receive an electronic mail and a press presentment telling you to claim it .
To claim your loose stocks, open the Webull app, click the “ menu ” button ( this should be in the bottom right corner of the app ), suction stop “ my unblock stock ”, then click the “ get ” button. Your free stocks will post into your explanation within 10 occupation days. After that, you can either keep the stocks or sell them and withdraw your funds .
As to the type of stocks you ’ ll receive, Webull has different odds based on the value of the stock. You basically have a 1 % chance of getting a very high-value stock such as Google or Facebook. much more likely, you ’ ll get a lower rate stock. In my experience, it seems like the stocks tend to be in the $ 15 to $ 30 range, but let me know in the comments if you ’ re seeing differently .
Refer Your Friends For More Webull Referral Bonuses
One reason I recommend opening a Webull account is so that you can use your own referral link to refer people and make some more money ( while besides helping your friends and kin excessively ). When you open a Webull report, you will receive a referral link that allows you to refer other people .
To find your referral connection, go to the section in the app where you can claim your exempt stock ( suction stop menu, then click my rid breed ). At the top of the page, you ’ ll see a release that says “ invitation bonus. ” Click that, then click “ invite now ” to get your referral connect .
If you have a spouse or partner, this is an easy way to make Webull exploit for you even more. Open your own Webull bill beginning and get your referral bonus. then refer your spouse or collaborator. You ’ ll get a bonus for referring them and they ’ ll get a bonus for using your connection. If you do this, you ’ ll conclusion up getting 3 bonuses without having to do much ferment .
Final Thoughts
I consider Webull an average invest app. If you ’ re looking to invest in individual stocks or ETFs, it does the job. importantly, it ’ second free and charges no fees or commissions, so there ’ second no real downside to using Webull as your investment app.
My main problem with Webull is that I find the app clunky and not peculiarly intuitive. I consider myself knowing when it comes to investing and even I have trouble figuring out where everything is within the Webull app. I ’ m besides not a sports fan of investing in individual stocks, sol apps like Robinhood and Webull don ’ t in truth fit within my investment doctrine. alternatively, I ’ m a fan of passive voice index investing, so an app like M1 Finance makes more sense for me .
That said, Webull does offer free stocks simply for depositing a belittled sum into the account, which you can then pull out immediately. As a solution, I do recommend using Webull to at least get your loose stocks. They ’ ve been doing this promotion for years and I have no theme when they ’ ll stop giving away complimentary stocks, but it ’ mho best to take advantage of these things while you can .