Updated March 2020.
The free stock and options trades make it similar to
Free stock bonus and transfer fee reimbursement. New users who are referred by another user can now get two free shares of stock:
- First share worth between $2.50 and $250 for opening an account.
- Second share worth between $12 to $1,400 for depositing ANY amount (even $1).
Webull will also reimburse you up to $100 in transfer fees if you move at least $2,000 worth of assets over to them.
Here are the full odds for the opening share bonus:
$2.50 to $10 value, odds are ~1:1.02
$10 to $50 value, odds are ~1:52.63
$80 to $100 value, odds are ~1:1111.11
$100 to $20 value, odds are ~1:10,000
Here are the full odds for the opening deposit bonus:
$12 to $30 value, odds are ~1:1.02
$30 to $100 value, odds are ~1:52.63
$100 to $200 value, odds are ~1:1111.11
$1,000 to $1,400 value, odds are ~1:10,000
You will need to sign-up initially either with a phone number or e-mail address, and then open an account after downloading the app (Android or iOS). Webull is a real SIPC-insured broker, and the application is the same (name, address, SSN, work questions, investing experience questions, etc).
Bottom line. Webull is a new entrant to the world of free stock trading apps, and now offers free options trading as well with no contract fees. The feel is more of a full-featured traditional brokerage account in app form as compared to competitor Robinhood. New users who open an account and deposit any amount can also grab a
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