Posted by Chuck on January 16, 2020
Deals

Published on January 16th, 2020 | by Chuck

197

WeBull (Fee Free Brokerage): Signup and Get A Free Stock Worth between $8 and $1,000 & Bonus Of Up To $1,500 For New & Existing Customers

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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John
John

Just a data point: I opened up an acc and also referred my friend. We both got ABEV (~$4.4). Not sure if we were just unlucky or if the majority of stock Webull holds under $10 is ABEV. This was for all 3 stocks (2 for me, 1 for my friend)

Pete
Pete

Same here, just opened and was given ABEV

AS
AS

Chuck mentioned it in the post:
“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%.”

John
John

I was just wondering if they have any other stock under $10 besides ABEV. I couldn’t find a list of their stock portfolio online anywhere.

Matt
Matt

SNAP and AAPL are two others. Not sure about the rest.

Jack
Jack

AAPL is well above $10 lol.

bax
bax

Signed up using the DoC referral. Got approved almost instantly. Got a share of ABEV ($4.50)

Account app defaults to Margin account though, so I switched to Cash, to avoid a potential HP.

Matt
Matt

Per this data point, margin accounts are a soft pull:
https://www.reddit.com/r/Webull/comments/97l2qp/credit_pull/

Steve
Steve

I got SNAP stock (a little less than $10)

Dan Thomas
Dan Thomas

what the hell.

is anyone else having issues with this app on Android? I’ve tried on two Android devices now.. I signed up via link.. I download the app.. and go to “My Free Stocks” and tap on “Open Account”

and then the problem happens on the next screen.. it says “Get your free stock” and I want to tap on “Get It Now!” and tap on that button and all over the screen, but nothing happens.. so I can’t finish opening an account :/

why can’t they just have a web application.. why does everything need to be through apps.. so annoying sometimes.

RT
RT

I used your referral when I signed up for this as a very small ‘thanks’ for all the great information i have used for my benefit here at DOC…Thanks so much!

Matt
Matt

Thanks DOC! Used your referral link and, holy shit, got a free share of GOOG 🙂

William Charles

Awesome!

Jeff
Jeff

wow, lucky. ABEV here

Superchurn
Superchurn

ABEV for me too

Seviay
Seviay

This smells an awful lot like bad seafood to me. If it’s true that you will get a free stock between $3-1,000, it would be impossible to get a free share of GOOG in this date range. GOOG hasn’t been below $1,000 since April.

Matt
Matt

If you read the fine print, it actually says that the odds of getting a share of a stock “in or above the $1,000/share range” are about 1:1000, so the maximum isn’t actually $1,000. Regardless, here’s a screenshot:

https://imgur.com/a/VUXa4wG

Sa
Sa

BS. No way they are giving away 1k to any random sign up. My bet is you have other things going on here.

Matt
Matt

They explicitly state that they are giving $1k+ to 1 in 1,000 people who sign up. What “other things” are you suggesting are going on here?

YourFriendlyNeighborhoodSillyMan
YourFriendlyNeighborhoodSillyMan

You edited the screenshot, modified the APK or did a million different things “just because”. I doubt anyone believes this.

Matt
Matt

Believe what you want, friend. Sorry if you weren’t as lucky.

lol
lol

Someone is livid

Dan - Legal Bank Robber
Dan - Legal Bank Robber

ABEV ugh

Aby
Aby

Hello everyone,

I signed up for this but there background verification service could not verify my SSN

They are asking me to Email a soft copy of the ssn

Is it worth it??

Aditya Shrivastava
Aditya Shrivastava

You already gave them your SSN. AFAIK, there isn’t much more risk in giving them the SSN document. Overall, it’s not going to be worth it for you but given that you have already put in so much time, it may be okay to just give it to them.

The Masked Poster
The Masked Poster

Was it your REAL social security number they couldn’t verify, or a fake, to avoid tax implications?

Aditya Shrivastava
Aditya Shrivastava

Real winner here is ABEV 🙂

William Charles

Haha, yup.

CLH Comment
CLH Comment

Nice to get a free stock, but as far as the account itself, keep in mind that with startups like this, free doesn’t typically stay free. Eventually they raise their price and/or someone buys them out.

Not sure if anyone remembers Zecco, but I had that account and it is a perfect example.

1. Free account and Trades were free, so I bought some stuff.
2. Trades no longer free without X balance. I then have to pay if I want to sell the stock I previously bought. ***
3. Zecco bought by Trade King. – No changes.
4. 10-12 months later Trade King slips in a $50 annual fee for account with value below a certain threshold. (Paid this fee a few times before I realized.)
5. Trade King sold to Ally Invest. Next change to fees?

* I believe all these changes were made with ‘legally sufficient’ warning. I didn’t expect to be constantly messed over by changes in terms. So this was basically my own fault for being naive.
*** Note that I was holding some stocks that were not even worth selling at this point. Basically Penny stocks and/or stocks that dropped to ‘penny status’ between $1-$10 total value.

Jack
Jack

Robinhood has been at this for awhile with no changes in fees as far as I am aware of. Not everything free is a scam.

Kapil
Kapil

Joined using your link and got ABEV- thanks

Justin
Justin

I joined using Daniel’s link. Got ABEV. Here is my link:

[removed – please read the rules]

Parkdanil
Parkdanil

Another ABEV fail.

Nick
Nick

They added another bonus. You get a free share on your first deposit by 11/30 (if you have not deposited any funds yet). This is in addition to the free share for opening an account.

Funded my account with $0.01. Another free $5 never hurts.

Wilson
Wilson

ABEV is closer to $4 now

Dan - Legal Bank Robber
Dan - Legal Bank Robber

+1 same deal

Mike
Mike

[removed] In case anyone is looking for a referral. The other posts’ comments were disabled.

el_pistolero
el_pistolero

nice try

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