Massive Webull Promo: Fund Any Amount For 10 Free Shares, Fund More For Up to US$2,000

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Update: extended until 30th November 2023.

Webull is upping the ante on its sign-up offer: get 10 free shares simply by signing up for a Webull account and funding any amount for 30 days. It’s as simple and as fuss-free as promos go, and each share is worth at least US$10 and can be as high as US$500 each! That means you can get at least US$100 for fulfilling very easy requirements and get even more if you’re lucky.

On top of that, there is an excellent promo for those who are able to fund more. Get US$100, US$750 or US$2,000 for deposits of US$3,000, US$20,000 or US$100,000. You can choose to keep your funds in SGD if you wish.

Promo details

For the easy free shares, just sign up below and fund any amount. You can then opt to participate in the Moneybull promo for more rewards.

Webull

Until 3.59PM 31st May 2024

ItemReward
 Register and open account with this link 0 commission trades for US Stocks and ETFs for 31 days
0 subscription fees for mutual funds
Welcome Promo (New Users)US$200 cash vouchers*

US$650 cash vouchers*

Or US$1,050 cash vouchers*
US$200 cash vouchers: fresh deposit of US$2,000, complete 3 buy trades and maintain until 30thJune 2024)

US$650 cash vouchers: fresh deposit of US$10,000, complete 5 buy trades and maintain until 30thJune 2024

US$1,050 cash vouchers: subscribe at least US$100,000 to Moneybull and maintain until 31stAugust 2024
Moneybull Interest Booster (New Users) Fund up to US$250,000Get as much as US$10,500
with 180 days of 8.4% p.a. return^
Deposit Promo (Existing Users)Fresh deposit of US$10,000 to US$250,000, subscribe at least US$10,000 to Moneybull and maintain until 31st August 20243% investment match* up to US$7,500 return in cash
Transfer-in PromoParticipate in Transfer-in Promo and fill out Share Transfer Form

a) First transfer of US$10,000 of shares and maintain for 90 days

b) First transfer of US$50,000 of shares and maintain for 90 days

c) First transfer of US$150 of shares and maintain for 90 days
a) US$400 cash vouchers

b) US$1,000 + exclusive US$200 trading vouchers

c) US$2,000 + exclusive US$500 trading vouchers

Also get up to US$150 transfer fee subsidy
You can fund the equivalent in Singapore dollars using the rate SGD$ = US$0.7297

Get 0 platform fee, and trade fractional shares from as low as US$5 per trade. Great for dollar-cost averaging small amounts!

*T&Cs apply. Principal is not guaranteed. Returns are not guaranteed and not an indication of future performance. All investments involve risks and are not suitable for every investor. This advertisement has not been reviewed by the Monetary Authority of Singapore.

^Figures shown are based on 7-Day Yield (PA.) of the USD Cash Fund in Moneybull as of 25 Mar 2024 plus Moneybull Interest Booster P.A generated after 180 days generated from the first USD 250,000 Moneybull Subscription.

Terms and conditions:

Last updated: 22nd May 2024

Get US$100 to US$2,000 with Moneybull promo, plus 5.40% p.a.* returns

Once you get your free shares, you can skip this entirely optional promo, but I don’t see why anyone would.

After opening your Webull account and making an initial funding, go to the Promotion Center of the app to participate in the Moneybull promo. Participation must be done before 16th November 2023, and you have until 30th November 2023 to accumulate the funds.

Depending on the deposit amount you accumulate before 30th November 2023 (4PM), you can get the following rewards:

TierDeposit AmountBonus RewardsAnnualised Returns*
1US$3,000 or S$4,111.28US$10013.89% p.a.
2US$20,000 or S$27,408.53US$75015.73% p.a.
3US$100,000 or S$137,042.62US$2,0008.17% p.a.
Please read the terms and conditions for exact details.
*assumes deposit is done 30th November 2023 and withdrawal on 1st March 2024

In a way, the cash gifts can be considered guaranteed returns given by Webull so I calculated the rate of return and added a column above. This is given in addition to the returns from the Fullerton funds!

Your funds will be invested in Fullerton USD Cash or Fullerton SGD Cash depending on the currency you deposit. The 7-day USD yield of the USD Cash Fund is 5.40% p.a.* as of 13th October 2023. Fullerton USD Cash and Fullerton SGD Cash are investment funds that places investors’ money in deposits of eligible financial institutions. The risk level is therefore relatively low.

Personally, I have opted for the SGD fund to avoid foreign currency risk. The fund has been giving around 3.7% p.a. returns for the past couple of weeks or so. It’s nice to have my daily meals taken care of by the daily returns… just don’t draw them out until the end of the required holding period of course 😅

Again, these are just returns from the funds, and I’ll be getting my cash bonus after the completion of my promo (I participated in an earlier Moneybull promo that will give the bonus in January 2024).

*Figures shown are based on the 7-Day USD Yield (P.A.) of the USD Cash Fund in Moneybull as of 13 Oct 2023 and not an indication of future performance

You can opt to keep your funds in cash

For those who are really risk averse, you can consider keeping your funds entirely in cash. I don’t really see the point of this as you are missing out on the fund returns, but if you do want to do so it is possible.

You still need to activate Moneybull, but you can set a retained amount so that your cash are not auto-swept into the cash funds.

I intend to do more content explaining what goes into a cash fund like Fullerton SGD, so stay subscribed to get updates on such content.

Margin accounts only, activate Moneybull to qualify

You must have a Margin account to qualify so if you did not sign up for a Margin account, you need to convert it from within the app.

  1. Open Webull app → Menu → Find promo under Promotion Center
  2. Tap Participate Now
  3. Activate Moneybull (you need to convert your account to Margin)
  4. Deposit at least US$3,000 (or SGD equivalent) before 30th November 2023 4PM
  5. Hold the funds until 29th February 2024 11.59PM
  6. Optional: convert funds to USD for USD fund
  7. Optional: set retained amount to keep funds in cash

The Cash Vouchers will be automatically added to the Participant’s Account by 5th March 2024 after all the necessary conditions are met. Once the Cash Voucher has been issued and reflected in the Participant’s Account, the value of the Cash Voucher will be credited into the corresponding Account within 7 business days.

Important: do not make withdrawals until 1st March 2024

Take note that the terms and conditions state: withdrawals made between 16/10/2023 16:00 SGT to 29/02/2024 23:59 SG will reduce the Participant’s final Net Cumulative Deposit on 29/02/2024 23:59 SGT. This includes withdrawal made to any cash that was deposited before the Campaign Period.

This means you should avoid making any withdrawals from Webull until the end of February 2024 to avoid affecting your eligibility.

Conclusion

With such an excellent sign-up promo, your opportunity cost of not trying out Webull is now very significant. Take the app for a spin, and if you like it, you have a great trading app for your investing needs. Otherwise, you get to keep all the goodies and rewards from the promos. Remember that this generous offer ends mid November!

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