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What is ID Number on Webull Application? (2022)
Is it free to open a new Webull account (brokerage or IRA)? Is it worth it? What is Webull ID number in application? How to sign up for an account online?
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What is ID Number in a Webull Application?
ID number is a number used in your country to identify a citizen. In the U.S. it is called SSN or Social Security Number.
Residents of China must submit a photo ID.
Webull offers free stocks when a new customer opens an account: make sure to use their
promotion link to get this incentive.
How to Open a Webull Account
If you want $0 commissions, extended-hours trading, IRAs, and good software, Webull may be the broker for you. It even offers free stocks for various activities, such as depositing money. Here’s how to get started:
Opening an Account on the Mobile App
An account with Webull can be opened either on the broker’s website or mobile app. To open an
account on the latter platform, you’ll first need to download the app, of course. It works on both Android and Apple devices (phones and tablets).
Once installed, open the app and tap on Open Account located in the bottom row of icons. There will be an icon in the center of the next page that says Open Account. Tap on this.
On the next page, you can sign up with either a mobile phone number or an email address. You’ll need to create a password at this point.
Now you have a Webull login. However, you don’t yet have an actual account. So you’ll have to fill out an application with your particulars, including:
- Name
- Gender
- Date of birth
- Marital status
- Address
- Number of dependents
- Country of residence (Webull accepts applications from residents of China, India, the Republic of Korea, Japan, Malaysia, the Philippines, Turkey, Brazil, and the U.S.)
- National identification number (ID number)
Promotion
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Finishing an Application
After you submit your details, you’ll next need to select the account type you want to open. Webull currently offers individual taxable accounts and IRAs. The broker does not yet have joint accounts or any other account type.
Finally, it’s time to accept some fine print. There is, after all, a pretty huge legal and regulatory framework that brokerage firms operate in. Once you have made it through this red tape, your account will be open.
Opening an Account on the Website
The process of opening a new account on the Webull site is very similar. You can open with either an email address or mobile number. This time, you’ll need to receive a verification code at the destination you chose on the first screen.
Free Stocks for Opening and Funding an Account
Whether you open your Webull account through the company’s mobile app or website, you’ll probably
be offered free stock. On the day we opened an account, we were offered one share valued between $2.50 and $250. And that’s just for opening an account. We were offered another share valued between $12 and $1,400 for depositing $100 or more.
It may take up to a week for the free stock to show up in your new account. Webull requires cash proceeds from the sale of awarded stock to remain in the new account for at least 30 days before being withdrawn.
Customer Service
Webull has a list of FAQs for customers who are opening a new account. Some examples include:
- How do I change my personal information?
- I do not have a valid SSN number, can I open an account on Webull?
- How long does it take to open a Webull account?
Practice Trading First
Once you get your account up and running, you should practice on the company’s software before diving in head first. Both Webull’s mobile app and computer platform offer simulated trading. Thus, you can try out the broker’s software before committing real money to live trades.
Promotion
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Ben Wright is an investor, a trader, an educator, and something of an explorer. He spends his days in the markets when he is not teaching or spending time with his family. Ben writes about stockbrokers, markets, investment vehicles, promotional offers, and tools that help investors make the most of their time in the markets.
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