Webull has launched another targeted deposit promotion. From 4/24/2020 to 5/6/2020, if you deposit $10,000-$100,000, you can receive 10-35 free stocks (each worth $9-$1,000). The stocks will be awarded after June 6, and you need to keep the money in the account until after you receive the stocks before withdrawing it. Of course, during this period you can make multiple deposits or buy and sell stocks; you only need your net deposit to meet the requirement for the corresponding tier. This promotion requires a fairly high deposit amount, but if you have some extra cash available for about 1 month, it may be worth considering. A $10,000 deposit gets you at least $90 (with an expected value of $100+), so a monthly return of over 1% is pretty decent. After all, bank interest rates are very low right now, so earning some free stocks this way is not bad.
- Webull brokerage account signup link (get one free stock for opening an account, plus another free stock with a $100+ deposit)
- Introduction to the Webull US stock app
Note that you must receive this offer by email or in the message section of your account in order to participate. I previously joined the deposit $500 to get 3 free stocks and deposit $2,000 to get 5 free stocks promotions. Since you are just depositing money, it is generally fine even if you do not buy any stocks. If you do not want to participate in this promotion, just transfer the money out early and wait to transfer it back in for the next round of offers.
