(EXPIRED) Webull Promotion: 20 shares per referral & $200-$500 in Apple stock with 5 referrals

The investment app Webull offers a steady stream of referral promotions. It currently has a good offer that awards a total of 20 free stocks (Min $60 value) after one successful referral (and 10 stocks for each successful referral thereafter). This can be stacked with a concurrent promotion that gives $200-500 of Apple stock with 5 successful referrals. The referred person will get up to 24 stocks valued between $3-$3000 once they deposit any amount.

The Deal

• Refer one friend to Webull & earn 20 free stocks worth $3-$3,000.
• Get an additional 10 stocks for every additional referral.
• Make 5 successful referrals during the offer period and get $200-500 worth of Apple stock.
• If you already have a WeBull account, you can find the new referral promotion in the promotion center. Make sure to activate both promotions before inviting folks.
• The terms of the 20 stock promo state that you have to share the invite to social media within 48 hours of activation. In reality, you just need to hit the Twitter/Instagram/Facebook/etc button and then cancel it. It will count it as though it was shared.
• If you don’t have an account, you must first sign-up for an account, make at least a deposit, and you’ll then be able to refer (our referral links are below if you’d like to use them).
  • Our referral links:
    • Stephen’s referral link
    • Nick’s referral link
    • Greg’s referral link
    • Tim’s referral link

Key Terms

April Referral Promo

• • New user must sign up and open an account with Webull via an existing referee’s link between between April 4th, 2023 and April 17, 2023.
  • Eligible customers will receive 20 Reward Stocks for their first successful referral during the offer period. For each additional successful referral thereafter, eligible customers will receive 20 reward stocks per successful referral
  • Eligible customers will receive $500 in Apple stock for making five successful referrals during the offer period. (stackable Apple promo)
  • 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 10 free stocks valued at $3-$3,000 after depositing any amount
  • Offer rewards must be claimed through the Webull mobile app by 11:59pm EST on June 30, 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

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, but their recent offers have been notable because they stack nicely and have low-ish referral requirements.

The first referral promotion offers 20 free stocks worth $3-$3,000 for the first successful referral during the promotional period. Webull markets this as their ‘April Referral Promotion.’

The stackable $200-500 Apple promotion is great as well, but it’s worth noting that you need to make 5 successful referrals (including deposits) within effectively two weeks. A great deal if have some friends or family that you can get started within the next few days, but it stinks to end up one short because someone didn’t make their deposit by the end of the promo period. I speak from experience.

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 $60-90/20 stocks. The most expensive single stock that I’ve ever received was around $50. The promotion gets better if the person you refer is in your household because they’ll also receive free shares – two shares worth at $3-3000 when they sign-up and 10 additional shares when they deposit any amount. That’s a minimum of $36, so between the two of you you’d earn a minimum of between ~$100-140 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 any deposit amount to qualify. Keep in mind that folks need 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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