Updated July 2019. Webull has tweaked their referral program again. Short version: Newly referred users now get a
Webull also has a referral program where new users can get a
Here are the full odds for the opening share bonus ($3 to $300 value) from their Terms and Conditions:
$8 to $10 value, odds are ~1:1.02
$10 to $100 value, odds are ~1:52.63
$100 to $200 value, odds are ~1:1111.11
$1,000 value, odds are ~1:10,000
After you get the new user bonus, you can refer other people as well. For your first referral, you get a $10 Amazon gift card on top of the free share to both.
Robinhood vs. Webull.
- Robinhood definitely has a sleeker user-interface, which should appeal to younger users and those who want a simple trading experience. Webull has a more “busy” interface with charting, news, technical indicators, and stock screeners. You may like having more information, or you may want a cleaner app.
- Robinhood offers free options trading. Webull does not offer options at all.
- Both are primarily apps, but Robinhood has a web trading option now. Webull does not that I know of.
- Webull has customer service available via Live Chat or phone number. Robinhood only has an e-mail address.
Both will make money from normal users via interest on cash balances and selling order flow. Robinhood’s premium features basically let newbie users access a simple version of margin (flat fee instead of interest rate). Webull has traditional margin accounts that allow shorting, and makes money by selling premium subscriptions to advanced quotes so serious traders can get the absolute best bids and offers across any of 13 different stock exchanges.
Firstrade is a more traditional online brokerage firm that also recently started offering
Bottom line. Webull is a new entrant to the world of free stock trading apps. The feel is more of a full-featured traditional brokerage account in app form as compared to competitor Robinhood. The commission-free trades are the real draw, but new users who open an account and deposit $100 can also grab a
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