This was posted 1 year 8 months 21 days ago, and might be an out-dated deal.

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Sign up & Fund Any Amount into Your Account, Get 12 Free Fractional Shares Each Worth US$10-US$100 @ Webull

630

same deal from a couple days back, but now the reward for both sign up and referral is doubled. went through the whole process myself, u get your confirmation and shares pending within a couple mins.

rest of the info is copied below

US Stock USD Value
Tesla $10
Apple $20
Amazon $40
Google $100

Stocks get added in 7 days, for me it was 3. You also get 90 free trading, so its very easy to deposit AU$100 make one trade, claim your free stocks, then sell everything. Based on todays value the free offer is worth between $87-$871, not bad for 10 minutes.

Select Clauses from Terms & Conditions

1.3 The Campaign Period

The Campaign will run from:

  • 00:00 AEST 16 February 2023 to AEST 23:59 on 16 March 2023 31 March 2023 (promotion keeps extending)

1.4 Campaign Eligibility

This Campaign is open to all members of the Australian public and applicable to persons who:

  • Are 18 years of age or older;
  • Register for a Webull Australia Individual Account (the"Account"). This account must be successfully pre-approved with Webull Australia before the end of the Campaign Period.
  • Have successfully funded their Account in accordance with our requirements before the end of the Campaign Period

1.5 The Rewards

Participants in this Campaign must meet the following requirements to qualify to participate in these reward programmes:

(a)Participants must meet the following requirements to become eligible for Reward to receive 6 free fractional shares in US securities each valued between US$10 and US$100 into their Account:

  • Register for a Webull Australia Individual Account and have this account successfully pre-approved and fully opened within the Campaign Period.
  • Fund any amount into the Participant's Webull Australia account.

(b)After fulfilling all the requirements stated above, Participants will receive 6 free shares vouchers into their unique individual Webull Australia account on the next business day after the buy transaction. The Participant will be notified by Webull Australia they have vouchers to redeem which can be claimed by clicking'Menu'-'My Rewards' on the Webull Australia App using their individual Webull Australia account login details.

(c)The US fractional shares that will be awarded are from either Tesla, Apple, Amazon, and Google. The free shares (or fraction of) earned will range in value between US$10 and US$100,

(d)The free US fractional share(s) must be redeemed by the Participant via their individual Webull Australia account within 30 days after receiving the reward. Failure to do so within this period, the reward will expire and cannot be re-instated.

(e)After the free share(s) is (are) redeemed, the eligible fractional shares rewards will be added to the Client’s Account within 7 business days.

(f)The quantity of fractional shares awarded is based on the cash value of the reward that the Client is eligible to receive. This is computed based on the last closing price of the symbol security on the day the Client is deemed eligible to receive the reward.

(g)The free shares received through this campaign does not constitute as an investment invitation, inducements, recommendations, suggestions, solicitations and advising. Clients can continue to hold or sell the shares at their own will.

(h)Webull Australia cannot guarantee or be responsible for any stock-related gifts that may not be distributed due to force majeure factors. For example, the issued stocks are suspended on the exchange, delisted, or failed to list on the exchange

(i)Webull Australia reserves the right to change the offer terms or terminate the activity at any time without notice. This includes replacing the underlying shares to be given out as the rewards stated in these terms and conditions with another security.

(j)The rewards are limited to one redemption per new account, with no more than one account registered per person. If your Webull Australia account shows any sign of fraud, abuse, or suspicious activity, Webull Australia reserves the right, in its sole discretion, to forfeit your stock rewards and limit your chance to participate in future promotions.

(k)This includes activities such as using multiple accounts to receive multiple rewards and immediate account closing upon receiving the rewards.

Referral Links

Transfer ETF for trading vouchers reward: random (137)

Referee: Sign-up, transfer-in A$500 worth of ETFs & get 12-month commission free trading of AU/US stock markets.

Referrer: Limit of 10 referrals. Get 12-month commission free trading of AU/US stock markets.

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closed Comments

  • -1

    What could possibly go wrong?

  • +1

    Well it’s a promotional offer, take it while it’s here they’re probably just burning away the set budget for the promo

  • +2

    Don’t forget to use the randomised referral links system to share the love!

    • how do i use this? ( i have never used this before please help)?

      • -2

        I can help, send me a PM.

      • Just click the link in the Referral Links section under the post, where it says "random".

        • Oh is that all they were asking about. I thought it was how to use the app. Why do people neg and not correct people?

          • @bobwokeup: I assume so since they replied to the comment about using the referral links.

            • @moneypenny23: I still don’t think that’s the question as clicking a referral link is the easy part. Surely when they said this they were referring to the platform!!

  • Oh shot just invite someone yesterday and miss the double bonus

  • Isn't this targeted? Their website seems to still be advertising the 6 shares welcome offer. I did get an email with this "exclusive" 12 shares offer but that was because I didn't finish the sign up process, and the email specified it was user-targeted and sharing with others did not guarantee the same rewards for them.

    Scrap that, just saw a new email from today which seems to be for this offer. It does say though that to get the second lot of 6 shares, when you fund your account you need to maintain those funds for a minimum of 15 days.

  • What was your actual received shares OP?

    • sigh 6 tesla shares

    • I managed to get 10 tesla ($10 each), 1 apple ($20), and one Google ($100)

      • wow lucky. i only managed to get tesla

  • If we trade on here. Do you need to lodge tax return in US?

  • Is there a minimum amount required to fund the account to get the shares?

    • +3

      nope, i deposited $2 and got them

      • When I click the deal link above, it landed on webull.com and I signed up there. Did you sign up on webull.com or webull.com.au? And in how many days did you get the shares after depositing $2?

        • Pretty sure it needs to be the Australian site. If you go through a referral link it will take you to the right place.

    • isn't there a minimum required amount?

  • Any time limit on when we need to fund after opening the account? Been a couple of hours since I transferred and still not there (when it said normally take minutes)

    • T&C's said when its funded withing 30 days. I know mine took about half a day for the funds to go through, but gkt through fine

  • Thanks OP, got 2x Apple and 4x Tesla so about $80 USD, easy money. Now to wait 15 days for the next batch!

    • 6 Tesla here. 🥹

      • Can you redeem and sell your initial 6 shares straight away or need to wait 15 days.

  • How long does it take to get your application approved?

    Submitted 3 hours ago and still awaiting.

    • Mine took about an hour… but been half a day and my money transfer still not arrived, not sure why. usually pretty quick with other similar brokers

      • Finally got approved and the deposit was instant.

        • Had to contact live chat, and got my deposit cleared too. 6x $10 Tesla from reward :(

    • I think it's supposed to be 6 for referee + 6 for referrer? The title is rather misleading, but probably only mod can revise it

      • +3

        Seems to be 12 as long as you go through a referral link. 6 initially and then another 6 after keeping your funds in there for 15 days.

        • My bad. Any link on this one? I can't find where is says that.

        • +1

          Essentially you get minimum of $120USD which is equivalent of AU$175 - Correct?

          How do you convert USD into AU$ once the shares are sold.

  • In the old thread I asked about how this was taxed and people were under the impression it works like the bank account signup cash offers. I don't think this is the case as I'm getting trade confirmation docs that show a cost basis of $0. So I'm pretty sure you'd be paying for this as normal capital gains.

    • +1

      ATO had something on this regarding a crypto referall program that said the referall bonus is treated as ordinary income, and then that value received is treated as cost basis

      • I think this is a grey area right now.

        Could argue that the rewards are gifted shares. Could argue they are winnings due to the random nature of which one you receive. Could argue they are like crypto referral rewards and are treated as income…

  • +2

    Approx 2.5 hrs for my application to be approved
    $2 deposited (instant) - 6 x $10 Tesla shares for now, fingers crossed for the other 6 on the way.
    Definitely worth the time imo.

  • So there is no trading requirement?

    Simply sign up, deposit (any) amount and basically wait 2 weeks?

    • +2

      Yeah. Well, u do need to trade to sell the free shares 🤣

      • Haha figured that'd be required (maybe some people don't want to sell) - but good to know no other trading activity is required.

  • Have people sold their free stock and withdrawn funds no problem?

  • +2

    Yes, deposited $1 got around $300 aud back in bank.

  • Dumb question but if someone uses my referral code do I get anything or is it suspended during this promotion period?

    • I was wondering the same. Check the referral section just under the post. You don't get anything for now:

      "Normal referral program suspended until 17/3/2023 for special promotion."

      • I think they meant that the normal referral with 6 free shares only are suspended during this double referral

    • I used my referral code to open an account for my partner and got a bonus 12 shares on my own account. Had to deposit $1 on partners account to make it happen though.

      • Looking on the app it says you can refer and you + referral both get 6 shares?

        • +1

          Their promo pictures don’t make things very clear. One says 6+6 at the top but then below it says 6+6 with a x2 next to it.

          On my partners account on the invitation thing it says 6 initially then an extra 6 if the deposit stays in there for 15 days so will see if they appear in a couple of weeks

          The T&Cs also mention the max a referrer can get is 10 shares from inviting someone but then the all the visual advertising contradicts that so who knows what is going on. I see they have already edited the spelling error in one of promo ads from a few days ago.

          • @I like freestuff: Yeah agreed, think the 2x refers to twice the amount of free shares. So usually you get 6 free shares but if you deposit and hold for 15 days (I think that was how long?!) then you get an extra 6 shares. I’m currently waiting for my extra 6 shares…

          • +3

            @I like freestuff: I messaged their support team and they said for each additional successful referral, you can get 12 shares.

      • +1

        Does your partner live at the same address? I.e. any rules preventing me signing up my wife at same address?

        • +1

          I put the same address and there wasn't any issue.

  • 90PercentOffOrBust so would it be better if I sign up using this deal and then refer my wife after 17/3 then we both get up to $150 worth of shares?

    • They’ll have better offer on the 17/3?

      • Not sure as this one is 12 free shares but the referral is maybe only 1 share worth up to $150?

  • Thanks, I got 6 Tesla shares.

  • 6 tesla shares, unlucky lol

    • Same here. My wife got 1 Apple share.

  • Anyone got additional 6 shared as yet?

  • The message in the referrals area at top of page seems problematic because as far as I can tell, to be eligible for 12 fractional shares, you actually must follow a referral link to join.

    • Yeah it’s a little bit confusing. I just used one anyway and got 6 free shares. Just waiting on the 6 shares after 15 days of holding. PM me if you have any questions, I also did it for my wife and the referral worked.

  • +1

    Took about 6 hours for my account to be approved, just deposited and am waiting for that to appear now

  • How they hell do you convert the money and take it out? This thing is confusing as hell

    • The money you deposited or the shares?

      • The shares! I’ve sold them but it ain’t let me convert to AUD to withdraw.

    • You need to wait until it converts to shares (7 days), then sell them before u can withdraw

      • I’ve sold them already. It won’t let me withdraw. Am I missing something

        • +1

          I’m sure you have seen already but you have to wait 2 business days for the sale to clear same as ASX. Then you can use the “currency exchange” option under “transfer” then just withdraw AUD. It will show 0 USD to convert until the 2 days have passed.

          The transfer tab is the third one alone when you hit the bottom middle button and login in.

    • Middle trading button then go to Transfers.

      I assume you've gotten your 2nd batch of 6 shares?

  • I can't complete account opening because their system won't accept a driver's license that expires in less than 90 days, the alternative being a passport which I don't have. Very frustrating.

    • I had the exact same problem. Are you able to renew your licence early in your state? That’s what I ended up doing.

      • I did check that, can only renew license up to 6 weeks early in QLD, my license expires in 11 weeks. This promo ends Mar 31, I'll miss out on this one. I'm sure there will be future offers so I've set up a deal alert for Webull.

  • Signed up.
    Whole process didn't take long.
    Deposited $3 I had laying around.
    Got 6 Tesla shares.

    Thanks OP

  • +4

    Easy money, I'm surprised more haven't jumped on this deal

    • Agreed and can just withdraw deposit after 15 days if you don’t want to buy anything.

    • I think there is just some hesitation due to the fact no one has really heard of this company before. Couldn’t even convince my brother to sign up then refer his misso for a free $360 total at a minimum for them. It’s even more than that anyway because of being USD.

  • Received 24 Telsa shares. I must be unlucky! Even so great sign up offer.

    • Have u received the 6 for holding 15 days btw? I just passed my 15 days but there’s no sign for additional 6. Only got the initial 6 for being referred + 12 for referring my partner. All Tesla too, lol

      • +1

        Ahh sorry I have actually received 30 all Tesla. 6 for me and then 2x referrals. Signed up on Monday so not expecting the other 6 for a while.

      • Haven't received my 6 for holding 15 days either. 😪

      • I haven't got mine either. Not sure when the 15 days started counting?

        Opened and funded my account on 11/3
        Got 6 Tesla shares and was in transit
        Received shares on 16/3 and sold immediately.

        Waiting for other 6 shares.

        • Same could be 15 business days?

          • +1

            @bobwokeup: Says the business day after 15 “days” can’t see anything about 15 business days in the T&Cs. Might be US business days as well so maybe another couple of days.

  • So with TSLA going up, will the shares that are in transit also go up? Or just adjust to $10 worth?

    • I got 1 AMZN and the rest TSLA. How long do they stay in transit?

      • Apparently 7 days but OP said they got it in 3.

        Nice score with the Amazon one!

        • Yeah i got my original 6 in like 1 day but looks like the second lot is taking longer.

          • @I like freestuff: Have you sold the original 6 and withdrawn? How did it go?

            • +1

              @Cjdanger: Yeah sold the original 6 (+12 that I got for referring the account I opened for my partner) got $332(so should end up with about $500 AUD total once I sell the last 6).

              When you sell just be aware you have to wait a sold 2-3 days for the funds to process and weekends don’t count as days. Then you can convert from USD to AUD which happens instantly and then you can withdraw. Took about 3 hrs to show up in my account.

    • Will go up. You can see how much of share you got. Mine is 0.06 each.

      • All of mine are .06 too interestingly enough. I hope you're right :)

        • +1

          The 0.06 won't change. If Tesla price goes up your holdings value goes up.

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