Webull Upsized Promo: Get US$40 to US$2000 of free shares + $20 Grab voucher

What happened?

Webull has just launched its latest signup promotion which allows you get free shares worth up to US$2,000 by funding any amount. 

The promo will end on 31st October 2023 3.59pm Singapore Time, so read on to find out below how you can qualify for this promo. 

Beansprout exclusive flash deal:  Receive a S$20 Grab voucher in addition to Webull welcome rewards when you sign up for a Webull account via Beansprout and fund any amount by 28th 31st October 2023. 

Earn up to US$2,000 of free shares with Webull promo 

Here's how you can earn welcome rewards of up to US$1000 of free shares

• Register for a Webull account with this exclusive Beansprout link.
• Fund any amount to receive one free share worth US$20 to US$1,000
• Maintain your funding for 30 days to receive another free share worth US$20 to US$1,000

Each free share is a fractional share in Tesla, (TSLA), Apple (AAPL), Amazon (AMZN) or Google (GOOG) worth US$20 to US$1,000 each.

This means that you can receive US$40 (S$55) to US$2,000 (S$2,700) of welcome rewards by signing up, funding the account and maintaining for 30 days. No trading is required!

Receive a S$20 Grab voucher from Beansprout in addition to the Webull welcome gift when you sign up for a Webull account via Beansprout and fund any amount by 31st October 2023. 

Simply submit your contact information via this Google Form after you've signed up!

Step-by-step guide to receiving Webull welcome rewards of up to US$2,000

Step 1: Register for a new Webull account

Click here to register a new account

After clicking “Get Rewards Now” you will be directed to registration page.

Here are what you'll need to do next

• Key in your phone number
• Select “Send Code” and you will receive a code via SMS
• Key in the code sent to you
• Read and agree to the Terms & Conditions & Privacy Policy

Step 2: Set up your new Webull account

Next, you can set up your account after successfully registering for a new account. 

• Download Webull App from the link provided

• Login using your mobile number and select “Open Account” 

• Fill in your personal particulars. You may select to link your Singpass account.

After submitting your details, you will have to wait for approval for your account to be set up. 

Step 3: Fund any amount (Even $1)

After your account is approved, it’s time to make a deposit. Inside Webull app, select “Webull” tab at the center bottom of the screen.

There are a few ways to make deposit: eDDA, Fast or Telegraphic Transfer. 

Webull recommends the eDDA Deposit method, where you will authorise Webull to transfer money from your bank account into your Webull account. To use this method, you can select the “eDDA Deposit” option, login to your internet banking, and set the transfer limit. 

If you'd prefer to manually transfer funds from your bank account, then you can use the FAST method. However, do note that this option is applicable only for SGD deposits, and you'll need to remember to notify Webull that the transfer has been completed. 

To qualify for the promo, you can fund any amount (even S$1!)

Upon utilising the free lucky draw chance, you will receive either the fractional shares or Trading Vouchers within 7 business days. The validity period of the Trading Voucher is 30 calendar days from the date of issue. 

You can refer to the full terms and conditions here. 

Review of Webull - Is it safe and legit?

For those of you who are already familiar with moomoo and Tiger, Webull is another low-cost brokerage that allows you to buy and sell stocks. 

Here’s an interesting fact - Webull was the second most downloaded app among pure-play brokerages in the U.S. in 2021, according to App Annie. 

According to Webull, it serves more than 25 million users from over 180 countries. 

But I guess what you really care about, is whether your money is safe with Webull. 

It might be helpful to know that Webull Singapore secured its Capital Markets Services ("CMS") license from the Monetary Authority of Singapore in November 2021.

Webull is an option worth considering if you are a trader or an active investor who does not need much hand holding. 

Read our full review of Webull here.

Final verdict on Webull welcome promo 

As a recap, here's how you can welcome rewards of up to US$2,000 with the Webull welcome promo.

Receive a S$20 Grab voucher in addition to the Webull welcome gift when you sign up for a Webull account via Beansprout and fund any amount by 31 October. 

Here are the steps to do enjoy this exclusive flash deal:

1. Register for a new Webull account via Beansprout by with this exclusive link. 
2. Fund your Webull account with any amount.
3. Submit your contact information via this Google Form 

The promotion is valid until 31 October 2023 15:59 SGT. T&Cs apply. 

*Terms & Conditions apply. For welcome rewards T&Cs, please see here.