WeBull Review, Plus Earn 12 Free Stocks When You Sign Up
WeBull is one of the many free trading apps that have hit the market in recent years. It offers commission-free US stock, ETF, and options trading without any inactivity fees. The account opening process is quick and easy and the platforms are user-friendly and loaded with lot of features. Check out the latest signup bonus below and also a WeBull review that will let you know if this is the right trading app for you.
Update: The WeBull signup bonus is now up to 12 Free Stocks. Plus you can get 30 free stocks for inviting friends. This offer is available for a limited time, between 9/18/2022 and 11/30/2022.
- The Deposit Bonus Promotion is only applicable for Webull cash and margin accounts. Any other accounts (such as Webull IRAs) are not qualified for this.
- This promotion is only valid for first time Webull brokerage account deposits only.
- The Initial Deposit Stock can only be claimed when the deposited amount has settled into client’s account. Depending on the deposit method, funds may take up to 5 (five) business days to settle.
- Clients who transfer a non-Webull brokerage account, with an asset of at least $2000, will be able to have their transfer fees reimbursed (up to $100). This is a ONE-TIME only offer and will only apply to client’s first account transfer.
If you sign up now, or if you already have an account, you also have the option to refer friends and earn more Free Stocks. A successful referral is a person that signs up with your referral link and completes the requirements described above for the signup bonus. You can only claim your free stocks when your referral’s initial deposit settles. People who refer other members can now get a spin which gives you either 10, 15, 35 or 100 free stocks. That could be a very nice bonus if you’re in 2-player mode.
Webull is a mobile app-based brokerage that offers commission-free stock and exchange-traded fund trading as well as cryptocurrency trading. It first launched in 2017 and it is now one of the most popular trading apps. It’s regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Webull offers active traders technical indicators, economic calendars, ratings, margin trading and short-selling.
The stock market is open from 9:30 a.m. to 4 p.m. Eastern Time. With extended hours trading, you can also place trades from 4 a.m. to 9:30 a.m. or 4 p.m. to 8 p.m.
Some o fthe things to keep in mind when looking at WeBull, is that it does not offer joint brokerage accounts, education savings accounts, or mutual funds. It also doesn’t have an automated investing account option. So if you don’t plan to do be a somewhat active investor, you may need to consider other platforms.
Sign Up Process
Opening a new WeBull account is quick and easy. To be able to open an account, you are required to provide proof of identity and proof of residency. This process is completely digital. Once registration and the account opening process are done, you will first need to transfer the minimum deposit to your brokerage account from your bank account to be able to start trading. There is no minimum deposit required by Webull. There is a $2,000 minimum requirement for margin accounts.
While WeBull advertises no-fee trading, there are fees involved. There are no account maintenance fees, and no minimum balance required. Webull’s trading fees are low which makes it suitable for you even if you are an active trader.
Most brokers still charge a per-contract commission for buying and selling options. Webull doesn’t. There are no assignment or exercise fees, either. That makes Webull one of the best choices for options trading.
While WeBull doesn’t charge trading fees, you still have to pay SEC and FINRA fees, which you would pay with any other brokerage. These fees are pretty inconsequential, with SEC fees being $23.10 per million dollars of trading volume, and FINRA fees are $0.000119 per share.
WeBull Free Stocks: Guru’s Wrap-up
Webull is already one of the main trading apps available, possibly the second most popular after Robinhood. It offers some features that Robinhood doesn’t have and it has a nice app interface with lots of information readily available. I use it somewhat frequently myself, and if you’re a U.S. citizen with beginner to intermediate trading experience, and looking at U.S. stocks and ETFs, WeBull should be a good choice.
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