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 2 free stocks worth up to $1,650!
Just open a Webull stock account with this referral link and you’ll get your first free stock (valued at $2.50 to $250) for completing registration within 24 hours. Then get another free stock (valued at $12 to $1,400) for making an initial deposit of $100 or more.
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.
Webull Free Stocks Offer
First Free Stock
When you sign up for a Webull account using this referral link and complete the registration process within 24 hours, you’ll get a share of stock worth between $2.50 and $250.
The first free stock is 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.
Second Free Stock
Along with the first free stock from opening an account, you’ll get a second free stock as a deposit bonus!
If you deposit $100 within 30 days of your account being approved, you’ll get your second free stock worth between $12 and $1,400.
Here are the odds of what you can get:
- $12 – $30 stock, approximately 1:1
- $30 – $100 stock, approximately 1:5
- $100 – $200 stock, approximately 1:1111
- $1000 – $1400 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. Once approved, you’ll earn your first free stock!
- After account approval, go back in the app and deposit at least $100 to Webull. This is how you’ll get your second free stock!
- To see what the two free stocks you’ll get are, click on “Menu” at the bottom of the screen and select “Get Free Stock”
- On the “My Free Stock” page, press the “GET” button to see what you’ll get.
- The stocks 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 2 free stocks based on the same requirements you did when opened a Webull account – they’ll receive 1 free stock for completing registration and another free stock for 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 April 17 to May 11, for every 2 friends you refer, you’ll get an additional 2 free stocks for a total of 6 free stocks. That’s 6 stocks for every 2 referrals!
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 stocks did you get? Let us know in the comments below and feel free to share your own referral link!