As a new investor, you might be interested in stocks, bonds, or any number of asset classes. What if you could get some free stock? Especially stocks that could be pricey for new investors at first?
For new investors, free stock functions as a good way to gain further market exposure without necessarily paying for it. You get the opportunity to diversify your portfolio from assets that you might customarily invest in. Despite having access to numerous brokers, choose a broker that gives you free stock and helps you in your investment journey.
Investing can sound daunting for many people, but if you’re in it for the long haul, investing in the stock market can bring potential rewards. With dozens of brokerage apps popping up, there’s no excuse to put off getting started with investing.
And because there is so much competition when it comes to apps, one way that many have chosen to differentiate themselves is by offering free stocks to new users. For Webull, all you have to do is deposit a certain amount, maintain the fund for 30 days, and get a free share.
How to Get Free Stock From Webull
Free Stock #1: Earn 20 Free Fractional Shares (Each valued between $3- $3000)
How to Qualify: Open a new individual brokerage account with Webull and deposit between $500 and $24,999.99 during the promotional period. Maintain this balance for at least 30 days. This offer is exclusive to first-time Webull clients. Claim your rewards from the "My Rewards" page on the Webull site within 30 days after completing the new account period.
Free Stock #2: Earn 75 Free Fractional Shares (Each valued between $3-$3000)
How to Qualify: Open a new individual brokerage account with Webull and deposit at least $25,000 during the promotional period. Keep this funded amount in your account for at least 30 days to qualify. This offer is available only to first-time Webull clients, and the deposited funds must remain in the account for the specified duration to receive the free shares.
How to Receive Free Stocks
1. Once you have met the promotion requirements, go to the Webull app, then navigate to Menu > Shortcuts > My Rewards.
2. Select "All" to see the available rewards, then choose the corresponding reward to complete the redemption process.
3. After the exchange, the status of the free stock will display "Pending Account".
About Webull
Webull provides brokerage services. The company focuses on zero-commission trading and in-depth market data research services. As a financial company with the customer at heart, the internet as its foundation and technology as its lifeblood, it is committed to synergizing technology with finance by providing reliable, professional, intelligent and efficient products and services. Its leadership has extensive experience in both the internet and financial industries, which allows an efficient combination to optimize the trading experience.
Webull appeals to the mobile-first generation of casual investors with its slick interface for desktop and mobile apps, but the brokerage also delivers an impressive array of tools for active traders. Although its relatively weak educational content may leave true beginners in the lurch and it lacks access to a few common asset classes, it stands out as a top brokerage.
Why Webull is a Top Choice for Traders of all Levels
Webull is a great brokerage for traders at all levels. Its web platform offers an excellent fit with an optimal variety of order categories, decent customizability (workspace, charts) and user friendliness. The well-designed Webull mobile platform boosts strong security with two-step authentication. It charges no commissions and no payout or funding fees for ACH transfers, though wire transfer expenses are higher than those of some of the competitors.
Frequently Asked Questions
Does Webull really give free stock?
Once you sign up with Webull, you receive free stocks. Once you open a brokerage account, you get a free stock that is valued between $3 and $300. After you deposit any amount, you get two more free stocks.
How much do you need to deposit for free stock at Webull?
To get free stock from Webull, you need to make an initial deposit of $500 or more and maintain the funds for 30 days.
Can I withdraw my free stock from Webull?
Yes, you can withdraw your free stock from Webull. However, you must first sell the stock, and then you can transfer the cash proceeds to your bank account. Note that certain holding periods or restrictions may apply before the stock can be sold
About Henri Kouam
Henri Kouam is an economist and machine learning enthusiast. He currently builds Machine Learning models to help clients across Europe forecast a range of asset classes such as cryptocurrencies while working with, the Nkafu Policy Institute, an African-based think tank to help inform economic policy. He equally works as a consultant for NY-based ”Global Wonks”, where he has named wonk of the week twice due to his actionable intelligence on North America.