How to Refer a Friend on Webull (Referral Bonus)

Webull is a popular stock trading app that offers an enticing signup bonus, as well as additional bonuses for referring friends. The rewards involve free stocks of random values, so it has the potential to be an outstanding bonus.

Here, we’ll look at the details you need to know if you’re interested in getting free stocks for telling your friends about Webull.

Webull currently offers new users up to 12 free stocks for trying the platform. You’ll get two free stocks (each worth $3 – $3,000) for signing up. Deposit any amount to get up to 10 more free stocks. Sign up for Webull through this link to be eligible for the bonus.

What is Webull?

Webull is a popular online brokerage and investing app. Users are able to make commission-free trades of stocks, ETFs, and options. Webull also supports fractional shares, so you can buy a share of a stock for as little as $5. This feature is ideal for new investors who may not have enough money to buy a full share of stocks like Amazon, Apple, Facebook, or Tesla.

With commission-free trades, support for fractional shares, and no minimum deposit requirements, Webull is appropriate for new investors. But unlike some of its competitors, including Robinhood, Webull provides powerful tools for analysis and research. Because of these tools, Webull is also popular with experienced investors and traders.

In addition to stocks, ETFs, and options, Webull also supports crypto trading. There are currently more than 40 cryptocurrencies that can be bought or sold through Webull, with new options being added frequently.

Webull also offers some additional features like:

• Extended trading hours
• Free trading simulator
• Access to IPO investments before they go public

Read our Webull review for a more in-depth look.

Webull Referral Bonus

Webull offers a referral program to encourage users to tell their friends and spread the word about Webull. Rather than investing all of its marketing budget into advertisements, Webull chooses to compensate users who help them grow.

To be eligible for the referral bonus, you’ll need to have your own Webull account. It’s completely free to open your account and takes only a few minutes. Since it’s a financial account, you’ll need to provide some personal details to complete the opening of the account. Webull uses bank-level security, so you can be confident that they’ve taken the appropriate precautions to protect your data.

The bonus you’ll receive for a successful referral is free stock. At times, Webull will offer multiple free stocks for the bonus. You can see the current offer by creating your Webull account and logging in to the app.

How to Get the Webull Signup Bonus

Here are the specific steps to follow to get a free stock bonus for signing up:

1. Open Your Webull Account

Open your Webull account through our referral link to qualify for the new user bonus. You’ll have a few different options when you open the account. Select an individual taxable brokerage account, not an IRA. Webull’s bonus offers are generally only for taxable brokerage accounts, not for IRAs.

To complete the process of opening the account, you’ll need to provide your personal information, including your social security number. Webull does not check your credit report, so your credit score will not be impacted.

2. Fund Your Webull Account

Once your account is open, the next step is to fund it by initiating a deposit. By depositing any amount (even just $1), you’ll be eligible for the portion of the new user bonus that requires a deposit.

The easiest and most convenient way to make the deposit is via an ACH transfer from your bank account. There’s no fee for an ACH deposit, but it does take a few days before the process will be completed and the money will be settled in your account.

3. Claim Your Bonus

Once the funds are settled, the free stock from your signup bonus will be available in your account, but you’ll need to claim it. To do this, open the app and tap the avatar for your user profile. Next, tap on “My Rewards”. Here you’ll see the free stocks that can be claimed.

Webull will determine the stock you receive at random. There’s a chance you could get a very valuable stock, so it’s a fun game to see what you get.

After you’ve claimed the free stock, it will take a few days for it to fully settle in your account. Once it is settled, you can sell the stock if you prefer. At that time, you can invest the money however you want, or withdraw it.

How to Refer a Friend on Webull

While the Webull signup bonus is nice, you can increase the rewards you receive by telling your friends about Webull.

The process of referring a friend is similar to claiming the free stock you got for signing up. Inside the app, click on the avatar for your user profile. Then, in the “Promotion Center” section, you should see a banner that says something like “Refer a friend and get a free stock”. Tap on that banner.

From here, you’ll be able to get the unique referral link that you can send to your friends.

It’s important to note that the details of the referral bonus offer change from time to time. Sometimes Webull runs limited-time promotions and you’ll get additional free stocks for each referral.

The referral bonus is pretty easy to earn. Simply send the link to your friends and encourage them to open a Webull account.

Other Apps with Referral Bonuses

Webull isn’t the only financial or investment app that offers a referral bonus. Here are a few others that are worth noting:

Public.com

Public is a commission-free trading platform that’s similar to Webull in some ways. It features an excellent user interface and supports trades of stocks, funds, and crypto. Sign up for Public.com and then you can get a bonus for referring your friends.

M1 Finance

M1 Finance offers free automated investing. They offer more than 80 expertly-created “pies”, which are essentially portfolio allocations. You can also create your own custom pie if you prefer. Whenever you deposit money, M1 Finance will automatically invest it according to your pie. Sign up for M1 Finance and you’ll be able to earn cash for referring friends.

Robinhood

Robinhood is a direct competitor to Webull. Like Webull, Robinhood offers commission-free trades, fractional shares, and no account minimums. Robinhood also offers a referral bonus that awards you with a share of stock. Sign up for Robinhood to be able to refer your friends.

If you’re looking for even more opportunities, be sure to see our list of websites and apps that will pay you to refer your friends.

Final Thoughts on Webull’s Refer-a-Friend Bonus

Webull‘s bonus offer is one you don’t want to miss. Depending on the stock you get, it could wind up being a very sizable bonus simply for signing up or telling a friend. We’ve covered the details about how to refer a friend on Webull in this article, so know it’s time to start telling your friends and earning some rewards.

For more about Webull, please see:

• How to Transfer from Robinhood to Webull
• Can You Day Trade on Webull?
• Webull Margin vs. Cash Account
• Does Webull Have Instant Deposit?