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We’ve written many times before about online brokerage Webull because they frequently offer good incentives for referring new customers, which can make them an easily profitable play if you’re in a two-player household (or more). Webull is offering a really nice referral promo right now that could make it worth sharing with friends and family: refer 1 person and get at least $160 worth of Apple stock — and if you hit the lotto you could end up with up to $18K worth of Apple stock for that referral. The new user ends up with up to 12 fractional shares of stock (2 fractional shares upon account opening and up to 10 more when they fund their account with any amount). Even at just the $160 plus the minimum bonus of $34 for the person opening a new account, it’s an easy $194 bonus if household Player 1 signs up and then refers Player 2. If you also have another friend or family member who may be able to pull off the same in their household, this could become an excellent deal to share given the low threshold necessary to trigger this promotion. If you know one other household that can benefit, have Player 2 refer them and you’ll be up another $160 and setting them on the same path.
Keep in mind that you’ll only get this offer for your first referral.
The Deal
- Refer one friend to Webull & earn at least $160 worth of AAPL stock (you get a random allocation of between $80 and $9,000 worth of AAPL and then they double it for the first referral).
- If you already have a WeBull account, you can find the new referral promotion in the promotion center. Note that you must opt-in in the promotion center to refer.
- If you don’t have an account, you must first sign-up for an account, make at least a $100 deposit, and you’ll then be able to refer (our referral links are below if you’d like to use them)
Key Terms
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- New user must sign up and open an account with Webull via an existing referee’s link between between March 16, 2023 at 12:00am and March 22, 2023 at 11:59pm.
- Eligible customers will receive a fractional share of AAPL worth $80, $200, or $9,000 and will then get a chance to spin the wheel for a second fractional share worth $80, $200, or $9,000.
- A successful referral is a new Webull user who
- Is at least 18 years of age
- Resides in the United States
- Opens a Webull account using the eligible customer’s unique referral link during the offer period
- Has a valid social security number
- Has never previously applied or opened for a Webull brokerage account with that social security number
- Makes an initial deposit of any amount
- Referee will receive 2 free stocks valued at $3-$300 plus four, eight, or ten free stocks valued at $7-$3,000 after depositing any amount
- Offer rewards must be claimed through the Webull mobile app by 11:59pm EST on May 2, 2023 in the My Rewards page of the Webull app. Offer Rewards not claimed by the claim date will expire and cannot be reissued.
Quick Thoughts
These Webull referral promotions always offer more to the person making the referral than to the person signing up, but if you have a multi-player household or family, they can be really easy money.
The key is that if you have a Webull account, you need to opt in to the promotion on your promotions tab before you share your referral link. Open your Webull app and go here:
Then click the button to opt in to the promotion before sharing your link with others.
For what it’s worth, I don’t love the Webull interface, but I use it a little bit just to keep my eye out for these referral promotions since I know that plenty of people could use a quick buck and Webull often provides a good opportunity for that.
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Here’s the issue: a new account owner cannot do referrals until their $100 clears and actually is deposited in their WeBull acct. That takes a minimum of 4 business days using ACH. So even if one follows all the rules, it is almost impossible for a reader to get their own referrals in this promo. But you guys post your referral links and get bonuses for us signing up with WeBull…
Yeah, is this like posting our Amex referrals, that never get used?
when do these bonus stocks get deposited? how long do i have to leave my $3000 in account for before closing account and transferring stocks to my regular brokerage account?
You misread something somewhere — you don’t need to put $3,000 anywhere for this deal. The bonus stocks take maybe a week or so to get deposited I think. I don’t recall reading a minimum amount of time that the account must remain open or funded. I’m not sure — I’ve just kept my Webull account since it doesn’t cost me anything and they run promos like these now and then.
how does this referral bonus compare with what was offered in past?
It’s good. I can’t say whether it’s the best ever (I can’t remember whether there has been anything better, but I haven’t made an effort to memorize the history), but I don’t immediately recall when it was higher if it ever was. In terms of the bonus for opening a new account, I think we’ve seen some chances to get like 30 fractional shares. Again, I can’t recall the exact history. But assuming that you’re playing in 2-player mode (which I think you’d have to be to consider opening the account since just the new account opening bonus isn’t enough incentive to go through the effort probably), then this seems solid considering the fact that any amount of deposit triggers it.
Nick, I signed up under your link last night. Thank you. There is no 2x in my promotions section just the refer 1 get up to $9k aapl. Is it delayed on new users until after my deposit hits?
Yes. That’s under “The Deal” in the post:
Understood, so I deposited and that will hit Monday. Once the $100 deposit clears I should expect to see the 2X
So to be clear, the four of you get get a spin of the wheel on the referral box but you can’t double it. Unless it’s your first referral The double is what is unique here, yes? A little confusing in your write up Nick. We could do a thousand referrals and get a referral bonus for each. Only the first can we double. Yes???