Webull is offering existing customers up to 35 free stocks when they deposit new money into their accounts. The amount of free stocks you’ll get depends on how much you deposit.
Webull Deposit New Promotion
Webull is offering targeted existed customers the opportunity to earn up to 35 free stocks when you deposit new money into your Webull brokerage account.
You must have gotten the promotion through email or through the Webull app in order to be eligible.
Each free stock will be worth between $9 to $1,000. The amount of free stocks you will receive will depend on the total deposits you make during this promotional time period (May 20, 2020 to June 20, 2020). You have to keep the deposit in your account until July 31, 2020.
Here are the bonus tiers:
|Net Deposit*||Your Bonus Stocks|
|$10,000 – $24,999||10 Free Stocks|
|$25,000 – $99,999||25 Free Stocks|
|$100,000+||35 Free Stocks|
* Net Deposit = Difference between the amount transferred in (deposit) and transferred out (withdrawal) between 5/20/2020 to 6/20/2020.
Terms & Conditions
- This promotion is user targeted. You will NOT receive any free stocks if you participated in this promotion without receiving a push notification or an email for this promotion. Sharing this promotion with others does not guarantee them the same rewards nor does it equate to an invite to participate.
- You will be able to claim your free stocks on 7/31/2020. Before then you CANNOT withdraw or transfer out the deposit in order to claim your free stocks. You can however use the deposited funds to trade. As long as you do not initiate a withdrawal or transfer out funds, you’ll be qualified to receive the free stocks.
The Bottom Line
I plan on depositing $25,000 which is the lowest amount of money deposited to get to the second bonus tier of 25 free stocks. The minimum value would $225 (25 free stocks x $9 per stock), which is equivalent to a .9% return on my money. Obviously this can be higher if I’m lucky and get a high-priced stock or two.
Considering that a .9% rate is what a savings account is giving me in interest for a FULL year, this is a very good return for having to hold my money at Webull for ~1 month.