Webull (competitor to Robinhood in US) have now launched in Australia.
Free Fractional Shares valued between US$40-US$150
- Participant has an existing or opens a new account with us within the Campaign period;
- Deposits an initial deposit of a minimum of AUD$100 into the Participant’s Webull Australia account within the Campaign period;
- The Participant executes at least one buy transaction in US shares, ETFs, or Options ('US Securities') within 30 days after the deposit.
Upon completion of all items above these accounts will be entered into a draw with the opportunity to receive free US shares (by way of fractional shares) in any of the below listed US securities worth between US$40-US$150:
Name of US Stock | USD Value |
---|---|
AMZN - Amazon | $40 |
APPL - Apple | $150 |
AMD - Advanced Micro Devices | $60 |
TSLA - Tesla | $100 |
If using referral, user gets $40-$150 USD of stock and referrer gets $30-$150 USD of stock for referring.
You can also get 90 days of free trading by executing 10 trades in the first 90 days.
To execute the trade, I've found it needs to be during either market open hours or extended trading hours, which currently ends midday in Sydney time. And then starts again at 8pm.
ie. "Pre-market hours are 4:00 AM - 9:30 AM EST and after-hours trading is 4:00 PM - 8:00 PM EST. "
Some concerns raised https://www.reddit.com/r/AusFinance/comments/10099ol/webull_…