Webull Promotion: Get 20 free fractional stock shares per referral (min $60 value)

The investment app Webull used to offer a steady stream of good referral promotions, but it’s dropped off significantly in the last couple of years.

A couple of days ago, it launched its first good offer in a while, awarding 20 free stocks (Min. $60 value) for each successful referral, up to a total of 10. The referred person will get 10 stocks valued between $3 and $300 once they deposit $100.

The Deal

• Refer a friend to Webull & earn 20 free stocks worth $3-$300 each
  • Valid for up to ten referrals (200 total fractional shares)
  • 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 and make a deposit, and you’ll then be able to refer (our referral links are below if you’d like to use them)
  • Greg’s referral link
  • Nick’s referral link
  • Stephen’s referral link
  • Tim’s referral link
  • Direct Link to Sign-Up without using a referral link

Terms and Conditions

• • Offer period: 7/22/26 – 10/14/26
  • Eligible customers will receive 20 Fractional Reward Shares for each successful referral during the offer period, up to a maximum of 10 referrals
  • 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 or Tax Identification number
    • Has never previously applied for or opened a Webull brokerage account with that Social Security number
    • Makes an initial deposit of $100
  • Referee will receive 10 free stocks valued at $3-$300 after depositing $100
  • Offer rewards must be claimed through the Webull mobile app within 30 calendar days after issue

Quick Thoughts

Webull’s marketing is interesting to me, as they dramatically incentivize referral bonuses over sign-up bonuses. This is the first decent referral promotion that we’ve seen in some time, and offers 20 free stocks worth $3-$300 per referral, for up to successful referrals during the promotional period.

In my experience, there are usually a handful more highly valued stocks in each bundle of twenty, and the average total value ends up being between $60-$90 per 20 stocks. The most valuable 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 – 10 shares worth between $3-$300 each. That’s a minimum of $30, so between the two of you you’d earn between ~$90-130 in free shares (unless you 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 $100 deposit 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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