Webull promotion 2024

Webull Promotion (2024)

Current Webull promotion code: 75 FREE stocks up to $36,000. February 2024 best Webull bonus offer for opening a new account, transferring account, or for existing customers depositing cash into a brokerage account, ROTH IRA, or Traditional IRA.

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Webull Promotion Details

Brokerage companies are always trying to compete against each other by offering enticing promotions to new and existing customers. Webull has been one of the brokerage companies consistently offering new promotions to customers. Currently, Webull’s promotion for new customers is its “75 Free Stocks" bonus.

The promotion allows new Webull customers to get rewarded with free fractional shares in up to 75 stocks by opening and funding a new account. The promotion is for a limited time. The promotion is broken into two separate parts.

The first part is just for opening a new Webull account, you automatically get free fractional shares in 2 stocks. The 2 stocks that you receive free fractional shares in for the account opening part of the promotion will each be valued between $3 to $300 per share. The free fractional shares that Webull rewards you with are randomly chosen from Webull’s inventory.

The second part of the promotion is for depositing ANY amount into your new Webull account, you will receive additional free fractional shares in a minimum of 4 stocks and possibly up to 10 stocks. Webull distributes the deposit reward in batches of either 4, 8, or 10 stocks. Each stock within the batch will be valued between $7 - $3,000 per share.

Your chances of receiving a batch of either 4, 8, or 10 stocks are random, and the promotion doesn’t say anything about how small or large your deposit amount is affecting your chances of getting the batch of 10 stocks.

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Who Qualifies for the Webull Promotion?

Existing customers don’t qualify for the promotion. Only new Webull customers qualify for the promotion. To qualify for the free fractional shares in 2 stocks for opening a new Webull account, you must open a new Webull account within the promotion period. To qualify for free fractional shares in up to 10 additional stocks, you must make a deposit of any amount into your new Webull account within the promotion period.

How to Get the Webull "75 Free Stocks” Promotion

To get your free fractional shares in 2 stocks for the account opening part of the promotion, all you need to do is open your new Webull account. Your free fractional shares in 2 stocks will automatically be awarded to you upon your account being successfully approved and opened. However, you do need to claim the free fractional shares you receive in your 2 stock rewards on the Webull app within 30 days.

To claim the free fractional shares in your 2 stocks, go to the menu on the Webull app. Then, select “My Rewards” under the Shortcuts section. Once the free fractional shares in your 2 stocks are ready to be claimed, they will be showing under the “To be claimed” tab.

To get the free fractional shares in your 4, 8, or 10 additional stocks for the deposit part of the promotion, you need to sign up for the deposit promotion on the Webull app. On the menu screen on the Webull app, you will see the Promotion Center. Select the deposit promotion within the Promotion Center. On the deposit promotion screen, make sure you click the button to sign up.

Once signed up for the deposit part of the promotion, go ahead and make your deposit of any amount into your new Webull account. About 5 business days after you make your deposit, you will see your free fractional shares under the “To be claimed” tab on the “My Rewards” page on the Webull app. Again, be sure to claim your free fractional share rewards within 30 days.

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Important Details About the Webull Promotion

All stock rewards are fractional shares that can be traded commission-free on Webull. According to the terms and conditions of the promotion, for each stock, your chances of receiving free fractional shares in a stock valued between $3 - $10 per share are about 98.04%, and 0.01% for a stock valued between $151 - $300 per share for the account opening reward. For each stock awarded to you for the deposit part of the promotion, your chances of receiving free fractional shares in a stock valued between $7 - $30 per share are about 98.04%, and 0.01% for a stock valued between $1,000 - $3,000 per share.

There are no rules in the promotion about having to hold the fractional shares in the stocks awarded to you for any length of time. You are able to hold onto your awarded fractional shares or you can immediately sell them and withdraw the cash from your Webull account without any repercussions.

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Webull Bonus Offer

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Mobile Platform

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Webull also does not disappoint in the mobile category. The first highlight is simulated trading once again, a rare feature at any brokerage firm. This is a great opportunity to practice.

Charting on the app delivers some exciting features not frequently found on mobile platforms. There are 8 graph styles available (same as the desktop system). We also found 25 technical indicators, such as exponential moving average and relative strength index. We were able to access twenty years of price data for some stocks. The smallest interval on a chart is one minute. A feature we really liked was the ability to display price action during extended hours. Comparisons are also possible.

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A watchlist can be created on the app; and in fact, a default one is included. Securities can easily be added or deleted. It’s possible to create more than one watchlist. Another useful tool is alerts. There are multiple types that can be established. We found volume, % change, and price.

Placing trades on the app is fairly straightforward. The order ticket has the same order types as its desktop cousin. Buying power, including a conversion to number of shares, is displayed on the ticket. One really nice feature is the ability to specify extended-hours trading. As with the desktop system, there is no direct access to specific market makers. Level II quotes are available for $1.99 per month.

Webull promotions 2024

Webull offers trading in option contracts, and its app shows chains for calls and puts.

Promotions are oftentimes displayed on the app in the form of pop-up windows. We found offerings of free shares of stocks.

While we were impressed with many features on Webull’s app, we didn’t find mobile check deposit, bill pay, or streaming video news; and these absences will subtract a star.

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Extended Hours Trading

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Webull customers can start trading stocks and funds before the market opens. The broker’s early-bird session starts at 4 o’clock in the morning, EST, and runs until the opening bell. When the market closes, Webull delivers another extended-hours period. This one closes at 8 pm. There are no surcharges for trading during these times. One disappointment in this category is the lack of overnight trading in select ETF’s.

Webull Promotion 2024

Up to 75 FREE fractional shares when you make a deposit at Webull.

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Day Trading

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Webull’s commission schedule makes it a tempting alternative for day and swing traders. The desktop platform’s trade ticket can be used alongside a chart for quick order entry.

Financial Education and Security Research

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Webull’s website has a help area with many answers to questions that new customers will have.

The mobile app and desktop program, though, offer much more. On the desktop, the right-hand column mentioned earlier offers analyst ratings (Citigroup has 28), analyst price targets ($67.61 for Citi), short interest, institutional holdings, ETF weighting, press releases, information from financial statements (in both numerical and graphical format), news articles, trading data, and the order ticket.

A stock screener (but not fund screener) makes an appearance on the platform as well. It is able to look for equities based on a host of criteria, including volume, % price change, market cap, dividend yield, technical events, and more.

A markets tab on the desktop system shows market data from the U.S., Hong Kong, and global markets. Actual trading of these securities is not possible.

Surprisingly, the mobile platform has a lot of research and learning tools. There is a community forum where customers can discuss trading at the firm. A tab for the U.K. shows indexes on the London market, a heat map of major movements in different industries, and the day’s biggest ETF and stock price changes.

An economic calendar shows which companies are scheduled to release earning in the coming week. Upcoming dividends, IPO’s, and economic data releases are shown as well.

A stock profile delivers a lot of helpful data, such as the day’s price range, news articles, whether a stock is marginable or shortable, support and resistance lines, EPS estimates, and more.

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Updated on 2/12/2024.

About the Author
Paul Johnson is a Licensed Stockbroker with 7+ years of experience in the financial services industry. Paul enjoys teaching about investing and writing about financial topics. He is a husband and father of twin boys.