Tuesday, 2 May 2023

May Offer: US$50-500 for New Sign Ups to Webull with Only $1 Deposit for 30 days

I am repeating this: Webull's offer is a deal, not to be missed! Register here

Webull currently has a welcome offer where you can receive 5 free fractional shares worth between US$50 to US$500 by signing up a new account (via Singpass), making a deposit of any amount and keeping it in webull for 30 days. It is better than many fixed deposits out there because putting in $1 or a few dollars will return you at least US$50 if it is kept for 30 days!

In addition, for May, Webull is having a lucky draw for new sign ups; where weekly there are (i) 10 winners of US$888 worth of Tesla Shares and (ii) a lucky winner for the month who will win a Tesla 3 Car! 

The offer is valid until 30th May 2359hrs. I had signed up with a referral link, kept a sum there for 30 days and received 5 fractional shares. Again, please remember to maintian the amount that you had first deposited for 30 days, then your last 2 free shares entitlment will appear under the "rewards tab" on day 30. Otherwise, without putting the money in for 30 days, you will only get 3 fractional shares.



Steps to Sign Up

To qualify for the promotion:

  1. Register for a webull account here
  2. Click on the "Get Free Shares Now", complete the sign up process.
  3. Then deposit any amount (S$1 also can) and you will get 3 free shares worth between US$30-US$300
  4. 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 worth between US$10 to US$100 each. It is a roulette with each spin giving you a certain amount, if you are lucky, you will be able to get US$500 with 5 spins. Most of the time, it is US$10 worth of Tesla shares per spin. 

How to Deposit Funds into your new Webull Account:

After your account is approved, it’s time to make a deposit. Inside Webull mobile app, select “menu" at the bottom left of the screen, then clock on the "more" word icon boxed red


Next click "Deposit", boxed red.


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

The eDDA Deposit method is the easiest, 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, as a first time deposit, 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. So the eDDA deposit option is the easiest

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Every fractional share sale will incur a $0.02 Commission

Do note for every different company fractional share sold, a $0.02 commission is present. Example if you get Tesla, Amazon and Alphabet fractional shares and you sell all the total is $0.06 comission. Feel free to sell and encash them upon the end of the 30 days you have deposited your first fund into webull

Disclaimer: I may receive an affiliate/referral fee when you sign up for services/products on this site. I only recommend services/products I am personally using to readers, however I do not provide any warranty or guarantee for the quality of these services/products

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