How to Use Webull Trading Vouchers?

Khaosprinz on 23/08/2023 - 20:30

Hi,
I received some trading vouchers but can’t figure out how to use them. Has anybody figured out how they work? I tried to place a trade but then it says insufficient funds and no option to redeem the voucher for the order. When I go to the voucher directly and tap redeem it says “there are currently no orders”.Thanks.

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Comments

  • djkelly69 on 23/08/2023 - 20:32
    +2

    It is basically a cashback for the amount of the voucher. You need to spend your own funds, and then get the voucher money back a few days later.

    • Khaosprinz on 23/08/2023 - 21:42

      Thanks. Wondering if it’s worth considering exchange rate and limiting it to trades on US exchange only with its own tax implications.

      • djkelly69 on 23/08/2023 - 22:01
        +1

        Probably depends on how much your voucher is for. I had 5xUS$20. I believe you can cash out the money once the cashback is received, so exchange rate shouldnt matter too much. Not really sure on tax implications.

        • Khaosprinz on 23/08/2023 - 22:27

          Got the same. Thanks for your help.

        • Pineapple Bun on 09/07/2024 - 11:24
          +1

          Hi, were you able to apply multiple vouchers to the same order? or you had to make 5 orders to use up all the vouchers? thanks

          • djkelly69 on 09/07/2024 - 22:19
            +1

            @Pineapple Bun: Pretty sure was it one voucher per order, so I had to make 5x $20 orders.

  • capslock janitor on 24/08/2023 - 09:38

    hmmm

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