Open WeBull Account
This Webull offer valid for one new Individual account, or IRA account and funded within 45 days of registering. To receive
$30 gift card, account must be funded with $2,000-$10,000. To receive
$50 gift card, account must be funded with $10,000-$24,999. To receive
$250 gift card, account must be funded with $25,000-99,999. To receive
$350 gift card, account must be funded with $100,000-$249,999. To receive
$750 gift card, account must be funded with $250,000-$499,999. To receive
$1,500 gift card, account must be funded with $500,000 or more. Limit one offer per client. The total amount
of Amazon Gift Card will be distributed over 5 months. In order to receive a full reward you cannot initiate a
transfer or pull funds for 6 months.
Open WeBull Account
Available nationwide, Webull promotion offer allows you to earn 2 free stocks worth $8 to $1,000 just
for opening an account and depositing $100.
WeBull Retirement Accounts
At WeBull customers have an availability to open a wide range IRA accounts (i.e. Roth, SIMPLE, SEP, and Rollover retirement accounts).
Managing the IRA follows the same commission schedule as with standard stock trading and users can close down their IRA free of charge. Mutual funds are
also available on WeBull from Allianz, BlackRock, Fidelity, and more.
Cash Management
WeBull offers an optional investment checking account for no charge. Here, users can invest directly from the same account they make debit or check
purchases from. This account requires a minimum deposit of $25k and will charge the users 3% for all OUS transactions.
Margin Account Fees
WeBull offers margin accounts for those interested in adding some extra buying power to their portfolio. Margin accounts are just like standard accounts in terms of trading fees - $0 commissions still apply. Margin accounts only differ in that they have a $2,000 minimum account balance requirement, which is industry-mandated. The account holder will also have to pay the margin interest (currently between 3.99% and 6.99%, depending on the margin balance) on any investments purchased on margin.
WeBull Disadvantages
WeBull offers no customer support during on weekends or after hours which makes it difficult to address issues during these times. Managed accounts and
investment advice is absent on WeBull altogether.
It’s great that stock, option, and ETF trades are free at WeBull, but it’s unfortunate that those are actually
the only instruments you can trade in your account. Mutual funds, bonds, and futures – none of these security
types are supported on WeBull’s platform right now.
While ETFs and stocks arguably form the backbone of most investment portfolios, mutual funds and fixed income
securities allow you to add a certain level of diversification to your portfolio, and are especially important
tools for income-generating strategies.
Summary
There are a lot of new brokers popping up trying to claim their share of the growing market for cost-sensitive
investors, who so far seem to have designated Robinhood as the preferred low-cost brokerage. WeBull is like
Robinhood’s less well-known, younger sibling; aspiring to be just as successful and aggressively
going after it. It now adds new features and services much faster than the better known rival and investors
started to notice it.
WeBull Promotion Code Disclaimer
WeBull incentive offer details for opening new brokerage or IRA account can change without notice.
WeBull Promotion
reviewed by Brokerage-Review.com
Rating: 5
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