(EXPIRED) Webull: Get a minimum of $120 in free stock for one referral

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The investment app Webull offers a steady stream of referral promotions and currently has a very good offer that awards a total of at least 40 free stocks (Min $120 value) after one successful referral. This is one of the more lucrative promotions that they’ve had in some time. The referred person will get 12 stocks valued between $3-$3000 after signing-up and depositing any amount into their investment account.

a screenshot of a game

The Deal

  • Refer one friend to Webull & earn at least 40 free stocks worth $3-$3,000
  • If you already have a WeBull account, you can find the new referral promotion in the promotion center
  • If you don’t have an account, you must first sign-up for an account, make any deposit, and you’ll then be able to refer (our referral links are below if you’d like to use them)

Stephen’s referral link

Nick’s referral link

Greg’s referral link

Tim’s referral link

Direct Link to Sign-Up without using a referral link

a screenshot of a video game

Key Terms

    • New user must sign up and open an account with Webull via an existing referee’s link between between 10/18/23 12:00AM and 10/31/23 11:59PM ET.
    • Eligible customers will receive 40 Reward Stocks for their first successful referral during the offer period.
    • 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 12 free stocks valued at $3-$300 after depositing any amount

Quick Thoughts

Webull’s marketing is interesting to me, as they dramatically incentivize referral bonuses over sign-up bonuses. There is always a referral promotion of some kind and its offers are notable because they stack nicely and tend to have very low referral requirements.

This promotion offers 40 free stocks worth $3-$3,000 (min $120 value) for the first successful referral during the promotional period. Webull markets this as their ‘Best Referral Promotion. Make sure to click the “Participate” button in order to qualify for the promo:

a screenshot of a game

In my experience, there’s usually 1 or 2 more highly-valued stocks in each bundle of ten and the average total value ends up being between $40-50/ten stocks. The most expensive single stock that I’ve ever received was around $35. The promotion gets better if the person you refer is in your household because they’ll also receive free shares – 12 shares worth at $3-3000 when they sign-up and deposit any amount. That’s a minimum of $36, so between the two of you you’d earn a minimum of $156 in free shares (unless you really hit it big, which is very unlikely).

That’s a very good return for just one referral, especially since the referred person only has to make a tiny deposit to qualify. Unfortunately, new Webull customers have to be 18+ to be eligible for this referral promotion, so signing up a child along with or instead of your partner isn’t possible.

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How long is it taking for the stocks to show after funding?


Just FYI, it’s 6 stocks, not 12.

Actually, per the terms, you get 6, 10, or 12, but it’s a 99% chance of getting 6 stocks.

Still better than nothing and should stack with their transfer bonus, which is the main reason to open an account anyway. 6 stocks would just be a tiny amount of icing in that case.


To clarify, I’m referring to what the new accountholder receives.


Actually signed up several days ago using one of your guys’ links and saw the “up to 12” language. Perhaps they changed it for the referred person early on. Not sure. Anyway, not a big deal either.