[Expired] WeBull (Fee Free Brokerage): Sign Up & Get 1 Free Stocks, Make 3 Referrals & Get 9 More

Update 5/12/20: Make 3 referrals and get 9 free stocks. Valid until June 22nd, 2020. Hat tip to @drHernandez_dc

Update 4/21/20: If you sign up using a referral link you can get 2 free stocks worth $12 to $1,400, if you make two referrals you get another six free stocks (each additional referral is 2 free stocks). New users must deposit at least $100 within 30 days. Valid until 5/11/20. Hat tip to DDG

Update 1/16/20:  Another offer has been sent out where you get 4 stocks for funding $1,000. DDG reported getting both this deal and yesterdays, I assume they don’t stack but who knows for sure. Hat tip to DDG

Update 1/15/20: New targeted bonus offer showing in the app to get 3 free stocks for funding your account with $500 between 1/15 – 1/31. (ht Mdam0re). This is for existing users only

Update 1/11/20: The below bonus is available on both IRA and non-IRA accounts. You have until January 31st, 2020. Hat tip to reader Brian C

Update 10/24/19: Webull is also offering a deposit bonus for both new and existing customers. New customers have 45 days from registration to hit the deposit requirement and existing users have from October 23rd until December 5th. In order to receive the full reward, you cannot initiate a transfer or pull for 6 months Tiers are as follows:

Hat tip to readers Kyle J & HCL

9/5/19: WeBull is now offering the person who refers a $30 Amazon gift card (normally $10). Referral bonus for the person signing up remains the same. Hat tip to James G

6/20/19: WeBull is now offering the person who refers a $10 Amazon gift card for their first referral that funds $100+ and a $50 Amazon gift card if you refer 3 in a month that fund $100+.

1/18/19: They’ve now updated the program so that you each get a free stock with a referral, and you each get a second free stock with $100 funding (this one valued at $4-$1,000).  Total of stocks total given away between the referrer and the new member.

The Offer

Direct Link to offer

  • WeBull is offering a bonus for signing up with a referral link where both parties get a free stock when the referred user signs up and is approved for a new account. You’ll each get a share of free stock worth anywhere from $3 and $1,000.

WeBull is a fee-free brokerage app, very similar to Robinhood which a lot of people have used and who also has the same free stock offer. They offer no-fee trading, no fee to open, no monthly fees, and no minimums.

The Fine Print

  • Free stock will credit in about 5 trading days.
  • Offer open to U.S. residents currently living in the U.S. who are at least 18 years of age with a valid SSN.
  • Around 95% of people will get a stock worth under $10. Odds of getting a stock worth $10-20 is about 4%, $50-100 is about .5%, $150-250 is about .3%, $1k is about .1%.
  • Customers may hold or sell the stock once the bonus is credited to their account.
  • Where required, 1099-Misc may be issued (probably only in the event of a stock higher than $600)

Our Verdict

If you signup with a referral, both you and the referrer get a free stock. You can find referral links in this dedicated thread. The referral tracks through the email address or phone number input on the initial signup page. (You’ll download the app separately – I assume they track the email input at signup and match it to the email input at download.) DO NOT LEAVE YOUR REFERRALS IN THE COMMENTS OF THIS POST. 

Check out this Reddit thread for some discussion on WeBull and how it compares with Robinhood. You can download the app for iOS here and for Android here.

Keep in mind it does take a few minutes to open the account (including inputting your SSN, etc), and the odds are you’ll only get a small stock.

Hat tip to reader Matt

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Amanda
Amanda (@guest_1640518)
June 23, 2023 15:20

Wow this was actually the worst experience with a financial company I’ve had that I can remember. I truly recommend against using WeBull. When I signed up they advertised double the number of free stocks (12 instead of 6) for making a deposit. They also advertised a 5.8% APR interest rate for 1 month on uninvested cash. I have the screenshots. I signed up and made a deposit. The app is glitchy, confusing, and cluttered. The 5.8% promotion was nowhere to be found and when U looked at the cash management account page all it listed was the 4.1% APR rate. Also, no free stocks to be found. After my deposit cleared I reached out about how to get the advertised 5.8% APR. The customer service rep said I didn’t qualify(?!). After pushing back they “looked into it” and added it to the promotions available to me in the app. I activated the promotion and it said I was all set to receive 5.8% APR for the month. The rep didn’t mention doing anything else. I check back in and there are still no free stocks to be found anywhere and no interest was earned for the month. I messaged the customer service again and a new rep told me I hadn’t participated in the cash management program and I could sign up anytime (?!). They when I sent screenshots of the 5.8% promo again they said I wasn’t eligible for the 5.8% because I hadn’t referred anybody(?!). They also said they had issued the free stocks but I hadn’t claimed them before they expired. They offered to give me 6 free stocks instead. After pushing back again on the 5.8% they repeated what had been said again. I pushed back again and they finally “found” the 5.8% promotion I had been sending them screenshots of from the beginning. They showed terms that hadn’t been visible when I signed up for the account or had “activated” the 5.8% promo, that said I had to also “activate” a cash management account. They said because I hadn’t done this, I could only get the current interest rate (now 5.0%). I pointed out I had specifically asked for instructions on signing up for the 5.8% promo and the customer service rep (and the app) hadn’t told me I needed to do anything else. In a few more back and forths they continued to repeat themselves. I finally gave up and accepted the reduced 6 free stocks (5 worth $3, 1 worth $12), and “activated” the 5.0% APR cash management account. And guess what? My uninvested cash isn’t showing up in the “cash management” account. It only gives me an option to deposit new cash into the account. I asked customer service what to do and they ignored my question. I just asked again and hope they’ll answer it. I…. 5% is a decent interest rate right now and I don’t have another account at that APR (yet), and yes $27 of free stocks… Read more »

Diego
Diego (@guest_1545853)
January 31, 2023 02:42

Now offering 4,000 SB or 6,800 MP to deposit $5 and make one trade.

CericRushmore
CericRushmore (@guest_1334783)
February 19, 2022 16:39

Did anyone else get the strange 1099 that had the free stocks as both income under 1099-MISC and then a zero cost basis under the 1099-B (so it is being double taxed).

Amanda
Amanda (@guest_1640519)
June 23, 2023 15:21

Based on my recent squirrelly experience with them, it doesn’t surprise me at all that they would fill out IRS paperwork incorrectly.

Eric
Eric (@guest_1304326)
December 23, 2021 16:27

 Chuck,

At what point did you add this comment to this post? It seems people have been ignoring it.

“DO NOT LEAVE YOUR REFERRALS IN THE COMMENTS OF THIS POST. “

William Charles
Admin
March 21, 2022 18:09

A long time ago, links have been removed and permanently banned.

Davis
Davis (@guest_1228809)
July 26, 2021 14:31

https://act.webull.com/actv2/classic/summer-invitation/global/index.html New promo, share Webull and refer 3+ friends to get a share of PZZA (Papa John’s Pizza), currently worth $115.80

Eli Green
Eli Green (@guest_1219723)
July 8, 2021 14:00

 William Charles  Chuck I don’t know if its worth it to update the post, but the most recent offer I’m getting is 4 stocks per referral (valued $3-300), and importantly with no deposit requirement in the terms for the referred so it should be a lot easier to complete referrals. Running 7/1-7/20

William Charles
Admin
July 8, 2021 21:25

What does the person signing up get?

Brian
Brian (@guest_1130524)
January 20, 2021 02:34

Looks like there’s a new non-referral deal running from 1/16/21 to 2/1/21: https://www.webull.com/activity

1. Open a Webull brokerage account and receive 2 free stocks valued between $2.50-$250.
2. Fund your account with $100 or more – Get 2 more FREE stocks valued between $8-$1600.

Brian G.
Brian G. (@guest_1109662)
December 15, 2020 12:50

Can the referral thread be unlocked given the current 13 free stock referral bonus?

Peter Miller
Peter Miller (@guest_1107783)
December 12, 2020 01:52

Brian G.
Brian G. (@guest_1101484)
December 1, 2020 22:55

The referral links are now offering four free stocks.