These days, when you hear the word Free, most will assume that it comes with a catch attached to it. And in the era where the words Freebies and Freemium are tiers synonymous to just about every type of service and product available to you, you can best believe that the value of Freemium services and products are not made the same.
Not familiar with Webull? It’s a commission-free investing app that lets you buy and sell stocks for free!
Now, I know most are thinking exactly what I was thinking when you hear something like this– freebies always come with a hidden cost, so exactly what is it?
Well in this case, you do not have to give up any of your cash, trade your precious time or share any of your personal information either, just sign up for the platform and open your free brokerage account, and once your account is approved, you can claim your free stock!
This is what's so awesome about Webull’s free stock promotion– it's 100% Free. Just sign up for a free Webull account and claim your FREE SHARE of stock. It’s that simple.
One of the great things about the Free stock promotion is that once you open your Webull account, you’ll get your own referral link that you can share with friends and family and when they sign up, you’ll both get a free stock when they sign up!
How To Claim Your Free Share
1. To be eligible for your free share, you must be new to Webull. (If you’ve already opened a brokerage account with Webull, you won’t be able to qualify for the new account free share, however, you will be able to still get free shares by referring friends and family.)
2. You need to sign up using a special referral link like the one below.
(Full disclosure, this link belongs to Lab172 and if you choose to use this link to sign up, we’ll get a free share too!)
Now, similar to many other apps like stock trading platforms, Webull is an app-only platform, so to move forward you will be required to download the app which is available for iOS and Android devices.
Once you’ve downloaded the Webull app, it’s time to register for a brokerage account.
To open your free brokerage account, you must be 18 years old and you'll need to provide some of the standard, but basic information like your name, address, and date of birth , including your SSN and your State ID or Drivers License number. The entire process takes less than 5 minutes and once you've filled our all required information, submit your application.
Approval of your application, for most, usually takes less than 1 hour, but depending on when your application was submitted (like over the weekends) or the information that was submitted, it can take 2-3 business days.
Once your application is approved, you will get a notification from the app letting you know that your account is approved. After that, all that is left to do was claim my free share!
To do this, you will open the Webull app, click on the Menu tab, then click on My Free Stock!
That's it!
From here, it usually takes about 5 trading days for the stock to show in your account, then you are free to sell it and withdraw the cash, buy stock in a different company or you can just let it sit and grow. Its all up to you!
What kind of Shares are you getting for the Free Stock Promotion?
The free shares that's rewarded to you are valued anywhere between $3 and $1,000, depending on market activity, but the average share rewarded is valued around $5. Webull randomly select stocks with a minimum market capitalization of $10 billion and is listed on either the NYSE-listed or NASDAQ-listed markets.
As stated in Promotion Rules-
"Stock allocation is random and determined by an algorithm. As such, odds of allocation of specific stocks can vary at any given point in time according to the composition and levels of the program inventory. At its discretion, management reserves the right to adjust program parameters. The current program inventory is composed of widely held, recognized brand names and consumer & service-related industries."
Stock in the $4/share - $6/share range- approximately 1:1
Stock in the $10/share -$20/share range – approximately 1:24
Stock in the $50/share -$100/share range – approximately 1:200
Stock in the $150/share -$250/share range – approximately 1:333
Stock in or above the $1,000/share range – approximately 1:1,000
Referring Friends and Family
As mentioned earlier, Webull also gives you free stock for referring friends and family members and the referral program allows you to earn up to $1,000 in free shares. Once your friend opens an account using your referral link, you’ll receive a notification. Then simply log into your Webull account, go to the Menu option tab, then go the My Free Stock option to claim your free share.
The Webull Free Stock Promotion is a awesome program that they are running and can be a great way for you to get started in the investing world if you haven't started or it can be another addition to your portfolio. Either way, its a no strings attached free share that's waiting for you to claim!
If you use our link to sign up, let us know. We will love to know which random stock you were awarded!
