Looks like there are different variations being sent out, check the comments for more details.
The Offer
Shows up in app if targeted, e-mail was also sent with the subject line ‘Special bonus! Deposit $500 or more to get 3 free stocks’
- Webull is offering some users three free stocks if they deposit $500 by 5/29
The Fine Print
- This promotion is user targeted. You will NOT receive any free stocks if you participate in this promotion without receiving a push notification or an email invite. Sharing this promotion with others does NOT guarantee them the same rewards nor does it equate to an invitation to participate.
- If a user initiates a withdraw or transfer out funds from the deposit made between 5/14/2020 to 5/29/2020 before 6/29/2020 and the net value of the account falls under the required deposit amount, they’ll not receive any free stocks.
- You will be able to claim your free stocks on 6/29/2020. That is a total of thirty (30) days where you CANNOT withdraw or transfer out the deposit. You can, however, use the deposited funds to trade. As long as you do not initiate a withdraw or transfer out, you will qualify for the free stocks.
Our Verdict
Normally the free stocks from WeBull are worth $9-$1,000, but I don’t see any mention if that’s the case with this promotion. WeBull has had a deposit promotion like this before, but it required a deposit of $10,000+.
Hat tip to reader Steve & Kyle
