Webull is a free brokerage app that lets you trade stocks for free with no minimum balance requirements or fees to open or maintain an account. Plus, if you open an account with a Webull referral link, you’ll get a free stock worth up to $1,600!
Just open a Webull stock account with this referral link and you’ll get 2 free stocks (valued each at $8 to $1,600) for making an initial deposit of $100 or more.
From 9/1 – 9/30, just refer 1 person once you sign up and you’ll get an additional 4 FREE STOCKS! That’s 6 stocks total – 2 for signing up and 4 for referring just one friend!
Webull Financial is a brokerage firm based out of New York City and located right on Wall Street. It’s regulated by FINRA and your funds are insured by SIPC. In other words, it’s as legit and safe as bigger brokerage companies like Etrade and Fidelity.
But unlike most of the bigger names, they don’t charge fees for trading stocks. Similar to Robinhood, they’ve figured out how to earn money on cash balances, transaction rebates, and premium memberships. This has opened the door for both big and small brokerages to compete with each other for your business.
When companies fight for your business, YOU WIN.
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Webull Free Stock Offer
Step 1: Register
When you sign up for a Webull account using this referral link and complete the registration process, you’ll immediately have access to a 3-month Level 2 Advance subscription for free.
This allows you to look at stocks with a much better view of its buy/sell demand.
Step 2: Free Stock
Along with the free subscription by opening an account, you’ll also get 2 free stocks as a deposit bonus!
If you deposit $100 within 30 days of your account being approved, you’ll get 2 free stocks worth between $8 and $1,600 each.
Free stocks are chosen randomly by an algorithm from Webull’s reward program inventory of settled shares. The free stock is from a company that’s listed on NYSE or NASDAQ with a minimum market cap of $2.5 billion. In other words, the free stock is from a well-known company.
Here are the odds of what you can get:
- $8 – $30 stock, approximately 1:1.02
- $30 – $100 stock, approximately 1:52.63
- $100 – $200 stock, approximately 1:1111.11
- $1000 – $1600 stock, approximately 1:10000
So while it’s harder to get a stock worth over $1,000+, you can get lucky like our reader Matt who got a free Google stock when he opened his account!
Webull Signup Process
The process of signing up for a new Webull account is very easy:
- Sign up for a Webull account using this link with your email address or phone number.
- After creating your login and password, download the Webull app on your phone (app available on Android and Apple devices).
- Sign into your account with the app and finish the registration process by clicking “Open Account” located at the bottom of the screen
- Your account will go through a quick review process.
- After account approval, go back in the app and deposit at least $100 to Webull. This is how you’ll get your 2 free stocks!
- To see what free stock you’ll get, click on “Menu” at the bottom of the screen and select “Get Free Stock”.
- On the “My Free Stock” page, press the “GET” button.
- The stock will be credited to you account within 5 business days.
- You can either keep the stock for now or sell the stock for cash.
When I did this, I got SNAP, which is the company that owns Snapchat. It’s not Google, but how can you complain about getting something for free 🙂
Webull Referral Program
Now that you have your own Webull stock account, you can take part in their referral program to earn more free stocks!
When you refer your friend, you’ll get another 2 free stocks for every person you refer. The value of each stock is between $12 to $1,400.
Your friend will also receive 1 free stock based on the same requirements you did when opened a Webull account – they’ll receive 1 free stock for completing registration and depositing $100.
To refer your friends, go to “My Free Stock” in the app and click on “Invite Friends” to share your referral link with your friends.
You can refer up to 100 people every month so chances are, you’ll run out of friends before you run out of referral bonuses… unless you’re that popular!
From September 1 to September 30, for the first friend you refer, you’ll get an additional free stock for a total of 3 free stocks!
The Bottom Line
The Webull app is intuitive and easy-to-use and a great way to invest in the stock market from your phone. With no minimum balance requirements and free stock trading, it’s a no-brainer if you’re interested in stocks. The Webull referral bonus is icing on the cake!
And if you want to transfer your assets from another brokerage account, Webull will reimburse you for any fees up to $100 associated with the move.
What free stock did you get? Let us know in the comments below and feel free to share your own referral link!