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Webull Promo: Earn up to US$500 + site exclusive S$20 Grab voucher (May 2023)

01 May 2023

Here's how you can earn 5 free shares worth up to US$500, a S$20 Grab voucher and a chance to win a Tesla model 3 when you open a Webull account via Beansprout!

What happened?

Webull is currently offering a promotion which allows you earn 5 shares worth up to US$500 when you sign up for a new account and fund any amount.

May 2023 special: As part of Webull's birthday promo, you will also stand a chance to be one of the 10 winners of US$888 worth of Tesla shares in the Weekly Draw, and a chance to win a Tesla Model 3 in the Grand Draw.

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 before 31st May. 

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

Webull May 2023 promo

Earn 5 free shares worth up to US$500 with Webull promo 

Here's how you can earn 5 free shares with the Webull welcome promo

  • Register for a Webull account with this exclusive Beansprout link.
  • Deposit any amount (S$1 also can) and you will get 3 free shares worth between US$30-US$300
  • Maintain your funds for 30 days and you will get 2 free shares worth between US$20-US$200. 

Each free share is a fractional share of either Tesla (TSLA), Apple (AAPL), Microsoft (MSFT) or Alphabet (GOOG) worth between US$10 to US$100 each. 

Hence, you can earn between US$50-500 worth of fractional shares when you deposit even just S$1 and keep the funds for 30 days.

Receive a S$20 Grab voucher in addition to the welcome gift of up to US$500 when you sign up for a Webull account via Beansprout and fund any amount before 31st May. 

Simply submit your contact information via this Google Form after you've signed up .with this exclusive Beansprout link.

Webull promo free shares

Stand a chance to win a Tesla with Webull anniversary lucky draw 

As part of Webull's birthday promo, you will also receive a lucky draw ticket when you open an account by 31st May 2023.

The lucky draw ticket will give you a chance to be one of the 10 winners of the US$888 worth of Tesla shares in the Weekly Draw, and a chance to win a Tesla Model 3 in the Grand Draw.

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Step-by-step guide to earning 5 free shares with Webull welcome rewards

Step 1: Register for a new Webull account

Click here to register a new account

After clicking “Get Free Shares 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

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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
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  • Login using your mobile number and select “Open Account” 
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  • Fill in your personal particulars. You may select to link your Singpass account.

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

Step 3: Make a deposit of at least S$0.01

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, the initial minimum deposit is SGD0.01. Yes that's right. It's 1 cent. 

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After you're done with your transfer and the funding has been verified, you will be awarded the fractional shares as a welcome reward.  

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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.

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Source: MAS

Beansprout exclusive flash deal

Receive a S$20 Grab voucher in addition to the welcome gift of up to US$500 when you sign up for a Webull account via Beansprout and fund any amount before 31st May. 

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

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

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

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

lightbulb Flash deal!

Sign up for a Webull account via Beansprout and earn S$20 Grab voucher and welcome rewards of US$50-500.

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