As more traditional brokers embrace the ultra-convenience of commission-free trades, companies are offering plenty of incentives to attract your money and attention.
Webull, a commission-free stock trading app, is offering 2 free shares of stock for new account holders.
Here's a quick glance at how it works:
- Open a new Webull account and get 1 free stock valued between $5 and $500
- Deposit any amount and get 1 free stock valued between $12 and $1,400
I successfully received both my free shares of stock and want to walk you thorugh the entire process so you can get your free stocks too.
What's the Scoop on Webull?
Webull is a brokerage based out of New York City and regulated by FINRA. They have SIPC insurance (Up to $500,000) on your account so it's a completely legit brokerage company.
How to Claim Your 2 Free Stocks
First, sign up using this referral link and complete your application within 24 hours to qualify for your 1st free stock'. The free stock will be chosen at random and will be a company with a minimum market cap of $2.5 billion from a US based company that's listed on the NYSE or NASDAQ stock exchange.
Here are the odds of receiving a particular stock:
- $5 – $10 per share, approximately 1:1.02
- $10 – $50 per share, approximately 1:52.63
- $80 – $200 per share, approximately 1:1111.11
- $300 – $1000 per share, approximately 1:10000
The odds are you will receive lower priced stock like I did. I received 1 share of BIOS as my new account reward. After opening your account, you have 30 days to claim your free stock.
Step by Step Instructions on How to Get 2 Free Stocks
Here's how to do it:
- Sign up for a new Webull account
- After registering, download the Webull app on your smartphone
- Open the app, click on “Trade” at the bottom of the app to set up an account. This opens an account opening screen where you'll enter in personal information to actually open an account.
- Go back into the app, then to the menu to see the “My Free Stock” offer.
- On the “My Free Stock” page, press “GET” button at the top to see what you get. The screenshot is to the right.
- The stock will be worth between $5 and $1,000 and credited within 5 trading days.
Deposit ANY Amount and Get Your 2nd Free Stock (Ends 12/31/19)
You receive the 1st free stock for opening a new account but you can deposit any amount to receive the 2nd stock.
Here's how it works:
I deposited $10 into my Webull account on 11/30/19 and receive a free share of Kraft Heinz Stock (KHC) on 12/04/19. It took about 4 days for my bonus to be approved.
This is a holiday only bonus and will expire on December 31st, 2019. After that, you must deposit at least $100 to receive the free stock bonus.
Tarik Pierce is the founder of InvestorTrip.com and regularly contributes articles to this website.
While living overseas, he uses PureVPN for a low cost VPN service.
He recommends Bluehost for setting up your own personal and/or business blog.
While his background is mostly related to trading stocks, he recently gained interest in real estate crowdfunding with Fundrise.