How To Get Free Stocks on Webull
Webull, just like other stock trading apps such as Robinhood, Moomoo, and Stash, offers free shares of stocks to join their platform. These promotions are to get new users to try out their services. The long-term hope is that they then become long-term customers.
It’s a win-win for both sides. Webull grows a lot faster than it would organically and people like you and me earn free stocks. After all free stocks = free money. All just for signing up and completing simple requirements!
So if you are looking for the quickest and easiest way to get free stocks, look for a good referral bonus before you download the app. For example, you can get free stocks by signing up via an influencer’s referral link. Influencers usually work with the brand directly so you can trust that the offer is legit.
Get Free Stocks When You Open an Account
Webull promotions change quite often and can be as frequent as month to month. However, the bonus offers are almost identical. You get free stocks for opening a free account, depositing money, and/or making a trade.
Right now, the Webull offer is 12 free stocks if you open up and fund an account:
- Open a new account with Webull and you will get two free fractional shares of stocks that are valued up to $300 in total.
- Deposit any amount to receive an additional 10 free fractional shares of stocks, valued at up to $3,000 each.
You will get at least $76 in total, but it can be as high as $30,600. The fractional shares of stock awarded are randomly assigned through a lottery system. Thus, you have the potential to get very lucky.
Realistically, you should expect to get a value between $76 to $250. The maximum value of $30,600, while possible, is extremely unlikely. If you’re that lucky, it’s time to play the slot machines!
Referral Bonuses With Free Stocks
If you want more free shares of stock, you need to refer your family and friends to the Webull app. Once you have an account, you will gain access to your own referral link. Share your unique referral link to people in your social circle that may also want to earn free stocks.
The exact offer changes from time to time just like the new user bonus. But again, new offers are generally the same as the old ones. For every person you invite that opens and funds a new Webull account, both you and the person you refer will earn free shares of stock.
Along with the standard referral bonus, Webull likes to launch other promotions to generate interest. In the past, they have offered Apple (ticker: APPL) stock to those who have referred three people or more within a defined time frame. A popular concurrent promo is Webull’s “Spin the Wheel” event. With this you earn one free spin for every person you refer. The wheel is filled with random stock and cash prizes of varying amounts. The best benefit is that each spin is guaranteed to be a winner.
They Offer Deals on Crypto Too
Webull also has a crypto bonus that’s available to both new and existing users that haven’t traded crypto on its platform before. You will earn $5 in crypto when you opt-in to Webull’s crypto trading services and make a crypto trade of $1 or more. Your crypto award will assign to your preferred crypto. You have choices like Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE).
I know, we’re in a “crypto winter” and the fear is running quite high at this time. But this is why buying crypto now is a good opportunity. You can potentially buy low and/or lower your average cost basis.
Should I Wait For Deals and Promotions
If for some reason you find that Webull isn’t running an active deal or promotion at the time you want to open an account, wait. It’s extremely rare for Webull not to offer anything to new customers. Thus, chances are likely you will see one soon.
Where Are The Free Stocks?
If you’re eligible for free shares of stocks and you complete the bonus requirements, you’ll get the free shares of stocks in your account. Keep in mind that the free stocks aren’t an automatic process. You have 30 to 60 days to claim the free stock once it’s been awarded.
In the Webull app, go to “Menu” on the bottom right of the screen. After you’re on the new screen, look for a shortcut icon labeled “My Rewards”. This is where you can claim any free stock that is available to you.
I recommend you claim the stock ASAP. Although Webull gives you 30 days to claim your rewards, you don’t want to procrastinate and lose out on free stocks.
In Summary
Webull is one of the fastest-growing stock trading apps out there. They were somewhat late to introduce a stock app compared to their competitors. But, Webull has quickly made ground and is now one of the largest players in this space.
Their bonus offers are also very generous compared to the other top players. Robinhood, for instance, only offers one free stock worth up to $200. Webull offers 12x as much!
