Must Use Referral System
Mod: Please note that users in the penalty box (due to ghost accounts or some other reason), or inactive users, are not included in the referral pool (the system will exclude them when random is clicked), for Webull or ANY referral system.
Next wave of the existing promotion that ended on the 28th of April, sign up and deposit $0.01 or more, receive 6 shares.
12 May: Promotion extended to 31 May and referral limit reset for referrers.
Exact same sign up process as the last time this promotion made the rounds on OzBargain,or the time before that, or the one before that, point being that its been validified time and time again, so let those deals act as a troubleshooting FAQ to some extent.
Available stock and USD value
| US Stock | USD Value |
|---|---|
| Tesla | $6 |
| Apple | $50 |
| Amazon | $100 |
| $200 |
Making for a maximum theoretical attainable payout of 1200 USD upon sign up.
Select Clauses from Terms & Conditions
1. Introduction
Before you participate in our Welcome to Webull Australia Campaign (the “Campaign”) these Terms and Conditions must be read and understood in full before investing.
Webull Securities (Australia) Pty Ltd ("Webull Australia") is a financial services firm licensed and regulated by the Australian Securities and Investments Commission. It is this entity that arranges the execution of US securities with other related entities in the Webull Group.
By participating in this Campaign, each Participant is deemed to have read, understood, and agree to be bounded by the following below terms and conditions that apply to this Campaign and the terms and conditions of any other agreement(s) that you may have entered into with Webull Australia.
1.1 Definitions
For the Welcome to Australia Campaign Terms and Conditions the following definitions apply:
Campaign Period: means the duration in which the Campaign is active, as may be amended by Webull Australia from time to time.
Participant: means a person who holds a client account with Webull Australia,meets all applicable requirements for the Campaign and participates in the Campaign.
1.2 The Campaign Period
The Campaign will run from:
•3:00 PM on April 28, 2023, to 2:59 PM on May 12, 2023, local Sydney time.
•6:00 PM on May 12, 2023, to 11:59 PM on May 31, 2023, local Sydney time.
1.3 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.
•Are Australian Residents.
•Webull employees, representatives and agents are not eligible for this Campaign.
•Unless otherwise stated, participants of this Campaign may also concurrently take part in other campaigns and promotions organised by Webull Australia
1.4 What the Campaign Entails
Participants in this Campaign must meet the following requirements to qualify to participate in these reward programmes:
The Reward Programme:
Reward 1 - 4 Free Fractional Shares each valued between US$6-US$200.
• Participant has an existing or opens a new account with us within the Campaign period;
• The Participant funds their individual account with Webull Australia with any amount within the Campaign period.
Reward 2 – 2 Free Fractional Shares each valued between US$6-US$200.
• Fund any amount into the Participant’s Webull Australia individual account within the Campaign period;
• The Participant must maintain the initial deposit funds in their Webull Australia individual account for a minimum period of 15 days.
Upon completion of all mandatory conditions outlined above the Participant’s individual Webull Australia account will be randomly awarded 6 free fractional shares.
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.
For an Inviter they must undertake the following:
• Be an existing client of Webull Australia.
• Access the App's Promotions page via their own individual Webull Australia account login credentials.
• Access the unique referral link and send it via their own account login to their relevant Invitees. For an Invitee they must meet the following requirements to be considered a Successful Referral:
• Sign up to be a Webull Australia registered user from the unique referral link navigated from the Inviter's independent access to the App via their own Webull Australia account access; and
•Download the Webull Australia App and go through each prompt under the Open an Account page.
• Upon the Invitee's Webull Australia account being successfully approved, the Invitee must fund any amount via the Webull App.
• The Invitee's initial deposit must be successfully made before 2:59 PM on May 12, 2023, local Sydney Time.
• The Standard Referral Programme is limited to 10 independent referrals for the inviter. The Inviters will only be rewarded with the first 10 referrals and will not receive any standard referral reward after 10 referrals.
• If the Participant's Webull Australia account shows any sign of fraud to include providing falsified information/documentation or abuse of Client Standard Agreement, or suspicious activity, Webull Australia reserves the right, in its sole discretion, to forfeit any rewards claimed via our Campaigns and limit your opportunity to participate in future promotions of our firm.
• The initial deposit can be in AUD or USD, however, any transfer fees incurred, including but not limited to handling commissions, cable charges, and agent bank charges relating to the fund deposit shall be borne by the Invitee.
1.5 Redemption of Rewards
Upon the Invitee meeting all the requirements under these terms and the Inviter gains their Referral Reward, the reward will be distributed to the Inviter within the next 2 business days. The reward will be by way of a voucher, where this reward:
• Can be claimed by clicking 'Menu'- 'My Rewards' from the Webull Australia App;
• Must be redeemed within 30 days after receiving the voucher, or the voucher will expire after 30 days after being issued.
Upon the free US fractional shares being redeemed, the eligible fractional shares will be added to the Inviter's account within 7 business days.
• The quantity of fractional shares awarded is based on the cash value of the reward that the Inviter is eligible to receive. This is computed based on the last closing price of the symbol security on the day the Inviter is deemed eligible to receive the reward.
• The Referral Reward received through this Campaign does not constitute as investment invitations, inducements, recommendations, suggestions, solicitations and advising. Inviters can continue to hold or sell the shares at their own will.
1.6 Indemnities
The following indemnities apply to this Campaign:
• Pending or cancelled trades during the Campaign period are not subject to this Campaign.
• Webull Australia does not request to receive any prospective client's name and address. The prospective Invitee's name is fully protected and does not appear on our App.
• This Campaign is not a recommendation, any Referral Reward including shares, fractional or otherwise, which are received via this Campaign does not constitute as an invitation, inducement, recommendation, suggestion, or solicitation to investing.
• This Campaign is not financial advice. For the avoidance of doubt, Webull Australia is not providing personal financial advice via this Campaign, and users can continue to hold or sell the Referral Reward at their own discretion. Any proceeds from the sale of the Referral Reward can also be used to purchase other shares.
• Force Majeure: Webull Australia cannot guarantee or be responsible for any Referral Reward whose distribution may no longer be possible due to factors beyond our control, i.e., force majeure factors. Non-exhaustive examples include:
o Suspension of the security from the exchange. o Delisting of the security from the exchange; or o The security failed to list on the exchange.
• Right to amend/terminate: Webull Australia reserves the right to terminate or amend the terms of the Campaign at any time without notice, including the right to change the Referral Reward. Webull Australia reserves the final decision with respect to any Referral Reward, including a change of the value.
• Although Webull Australia shall endeavour to distribute the Referral Reward promptly, this is subject to availability and accordingly, Webull Australia shall not be responsible for any delays whatsoever, nor shall there be any compensation payable in respect of any such delays.
Just signed up. All Tesla
Feel like I can motivate friends to sign up- but is there much of an increased burden at tax time? Is this a foreign income and a whole other layer of complexity when doing tax returns?