Replace 2/17/25: There’s a new bonus from 1/23 – 2/28 which presents as much as $7,500. On the decrease tiers it’s nonetheless 2%; at increased tiers it’s not practically pretty much as good.
The Supply
- WeBull is providing a 2% bonus while you switch your brokerage account to their platform from July 5, 2024 by way of July 31, 2024.
The Advantageous Print
- Supply Interval: 07/05/2024 12:00 AM ET – 07/31/2024 11:59 PM ET
- Excludes IRAs
- Supply Eligibility: This supply (the “Supply”) is open to brokerage clients in good standing of Webull Monetary LLC (“Webull”) who obtain a push notification by way of the Webull web site or cell utility (collectively, the “Webull Platform”) to take part on this Supply (such clients “Eligible Prospects”).
- Supply Necessities: To obtain an Supply Reward (as outlined under), an Eligible Buyer should (i) click on “Enroll Now” on the touchdown web page for this Supply on the Webull Platform, (ii) full 1 or extra Qualifying Transfers (as outlined under) in an combination quantity between $2000 and $5,000,000 to their Webull brokerage account (their “Webull Account”) throughout the Supply Interval, and (iii) keep of their Webull Account, in money and/or securities, the mixture quantity (excluding buying and selling losses) of all such Qualifying Transfers till July 30, 2026.
- “Qualifying Switch” means any switch initiated after the start of the Supply Interval by an Eligible Buyer to their Webull Account of property held by the Eligible Buyer in a brokerage account at an establishment aside from Webull or any of its associates utilizing the Automated Buyer Account Switch Service that settles earlier than the tip of the Supply Interval. For the avoidance of doubt, if an Eligible Buyer withdraws or transfers property from their Webull Account or from some other account that the Eligible Buyer holds with Webull or any of its associates and transfers all or any portion of such property to their Webull Account after the start of the Supply Interval, such switch is not going to be deemed a “Qualifying Switch.”
- Deposit Bonus: Every Supply Reward will encompass a money fee credited to the relevant Eligible Buyer’s Webull Account in an quantity equal to 2% of their Web Qualifying Switch Quantity “Web Qualifying Switch Quantity” means, in respect an Eligible Buyer, (i) the mixture quantity of all such Eligible Buyer’s Qualifying Transfers, minus (ii) the mixture quantity of all withdrawals or transfers of property by such Eligible Buyer from their Webull Account throughout the interval starting on the beginning of the Supply Interval and ending on July 30, 2026 at 11:59 PM EST.
- Supply Rewards will probably be paid in installments to the relevant Eligible Buyer’s Webull Account within the quantities and on the dates indicated under: July 31, 2025 50% of Supply Reward quantity; July 31, 2026 50% of Supply Reward quantity.
- PLEASE NOTE: (1) Further transfers by an Eligible Buyer to their Webull Account that happen at any time after the tip of the Supply Interval is not going to improve the quantity of the Eligible Buyer’s Web Qualifying Switch Quantity. Instance: Eligible Buyer participates on this Supply and makes a Qualifying Switch in an combination quantity equal to $30,000 to their Webull Account previous to the tip of the Supply Interval. One week later, the Eligible Buyer transfers a further $30,000 to their Webull Account. The Eligible Buyer will solely be entitled to obtain an Supply Reward in an quantity equal to 2% of $30,000. (2) Any withdrawal or switch of funds from an Eligible Buyer’s Webull Account previous to July 31, 2026. will probably be deemed to cut back the Eligible Buyer’s Web Qualifying Switch Quantity and will scale back the worth of any Supply Reward the Eligible Buyer is entitled to obtain. Instance: Eligible Buyer participates on this supply and makes a Qualifying Switch of $100,000 to their Webull Account throughout the Supply Interval. Subsequently, one 12 months following the tip of the Supply Interval, the Eligible Buyer withdraws $20,000 from their Webull Account and maintains the remaining stability till July 31, 2026 (leading to a stability of $80,000 as of July 31, 2026). Eligible Buyer will solely be entitled to obtain an Supply Reward in an quantity equal to 2% of $80,000. (3) Within the occasion that the quantity of any Supply Reward to which an Eligible Buyer is entitled is diminished on account of withdrawals or transfers out of property from the Eligible Buyer’s Webull Account between the tip of the Supply Interval and July 31, 2026, (i) Webull is not going to be obligated to make any additional funds in respect of the Supply Reward in extra of the Supply Reward quantity to which the Eligible Buyer is entitled following the discount, and (ii) Webull could, in its sole discretion, rescind the surplus quantity of any Supply Reward funds made to such Eligible Buyer by debiting their Webull Account. (4.) Eligible Prospects should keep the quantity of any Supply Reward fee (minus any buying and selling losses) of their Webull Account for at the least 90 days from the date on which such Supply Reward fee is credited to their Webull Account. If an Eligible Buyer fails to adjust to this requirement, Webull could, in its sole discretion, debit the Eligible Buyer’s Webull Account the quantity of such fee.
- Limitations: Every Eligible Buyer could earn a most of 1 Supply Reward in reference to this Supply. Eligible Prospects should not entitled to earn Supply Rewards in respect of multiple Webull Account. This Supply shouldn’t be transferable or saleable.
- Webull reserves the correct, in its sole discretion, to say no an Eligible Buyer’s request to take part within the Supply or to say no to grant Supply Rewards to an Eligible Buyer for any purpose or for no purpose, together with with out limitation (i) if any side of the operation of the Supply or distribution of the Supply Rewards is prohibited by relevant legal guidelines, rules or guidelines, together with with out limitation the foundations of any self-regulatory group of which Webull is a member, (ii) such Eligible Buyer’s failure to fulfill any Supply Necessities or any violation of the phrases and circumstances of the Supply, (iii) precise or suspected fraudulent, misleading, or abusive exercise by such Eligible Buyer in reference to any of the platforms or companies supplied by Webull or any of its homeowners, associates, and/or subsidiaries, (iv) the prevalence of any try, whether or not profitable or unsuccessful, to undermine the professional operation of the Supply by dishonest, hacking, deception, or different unfair or improper conduct (together with, with out limitation, the creation of a number of accounts), or (v) if such Eligible Buyer has violated the phrases of any settlement to which it’s a social gathering with Webull or any of Webull’s homeowners, associates, and/or subsidiaries
- Webull reserves the correct to vary the phrases of or terminate the Supply at any time with out discover. If, for any purpose, the Supply shouldn’t be able to working as deliberate together with, however not restricted to, by purpose of tampering, unauthorized intervention, labor dispute, fraud, or some other trigger past the management of Webull or its associates, which, within the sole opinion of Webull, corrupts or impacts the administration, safety, equity, integrity or correct conduct of the Supply, then Webull reserves the correct, in its sole discretion, to cancel, terminate, modify or droop the Supply. Webull reserves the correct, in its sole discretion, to rescind Supply Rewards if any relevant Qualifying Switch doesn’t settle, is reversed, or is in any other case decided to be improper or invalid.
- This Supply is legitimate alongside, though separate from, any promotions supplied by Webull. However anything on the contrary herein, workers, contractors, or individuals equally related to Webull or its affiliate(s); members of their family; Webull referral companions, key opinion leaders (KOLs) and/or influencers; registered representatives of broker-dealers; workers of any securities regulatory group or trade; and/or workers of any market maker should not eligible to take part on this Supply. The Supply is just accessible for private use and is probably not used for industrial functions. Different restrictions could apply. Void the place prohibited.
- No substitution, money redemption, task or switch of any Supply Reward is permitted, besides by Webull, which reserves the correct in its sole discretion to substitute an Supply Reward with one other prize of equal or better worth.
Our Verdict
Wow, this is a wonderful brokerage bonus. They’re modeling this after the (expired) 1% offer from Robinhood, and they’re upping the ante with 2% bonus for a similar two 12 months maintain interval. The one benefit of the Robinhood model was the truth that the bonus grew to become instantly accessible to speculate which permits us to learn from the beneficial properties throughout the two 12 months maintain. With WeBull you get half after one 12 months and the opposite half after the 2 12 months time interval is full.
The 2-year maintain time does weaken the deal considerably, particularly for somebody who likes chasing brokerage bonuses. Nonetheless, 2% bonus charge with out tiers and principally with out restrict is a lot better than virtually some other brokerage bonus at the moment accessible. (For transfers sub-$100k, the TastyTrade deal is healthier than this WeBull supply.) We’ll add this to our List of Best Brokerage Bonuses.
Personally, I just went about moving my investments to Robinhood and I’m contemplating doing this deal as nicely with no matter different investments I’ve. Perhaps I ought to even dump Robinhood and swap over to WeBull for the bigger bonus. I’ll first click through Swagbucks to open a WeBull account, then I’ll look out to verify I’m focused/eligible for the supply (I imagine it’s displaying for everybody, however price verifying). Then I’ll switch over my investments to WeBull through ACAT switch and go away them there for two years. I might not essentially suggest having greater than $500,000 with WeBull or Robinhood because the SIPC insurance coverage restrict is that quantity. Lower than $500,000 appears secure to me.
Further notes, identified by readers:
- WeBull will reimburse as much as $100 in switch charges.
- WeBull apparently isn’t nice with transferring over price foundation, so that you may need to get manually concerned for that to course of appropriately.
Hat tip to reader Terp
Supply Historical past:
- Prolonged to October eighth, 2024
- Prolonged to 9/15/24
- Prolonged to 9/8/24
- Replace 8/6/24: This supply was prolonged by way of August 31. (Observe, the brand new phrases for August should not clear whether or not the funds want to stay with WeBull for two years; the customer support reply I bought from WeBull is that funds want to stay till August 31, 2026 or it’d have an effect on the bonus. Individually, observe, the phrases now require holding the bonus quantity there for 90 days previous payout.)
