Webull, the popular brokerage app, is no stranger to offering enticing account promotions, often involving various steps and complexities. However, their current offer stands out for its simplicity. By opening a new Webull account and making any deposit amount, you can secure yourself 6 to 12 free fractional shares, each valued at a minimum of $34. In this article, we’ll explore this hassle-free deal and what you need to know to take advantage of it.
The Offer Details:
Here’s a breakdown of the enticing offer from Webull:
- Open a New Account – As a new customer of Webull, you are eligible for this offer. To qualify, you must be at least 18 years old, reside in the United States, possess a valid social security number, and be approved to open a Webull brokerage account during the offer period.
- Receive Free Fractional Shares – Upon opening an eligible account, you’ll automatically receive two free fractional share stocks, each valued between $3 and $300. These initial stock rewards can be claimed upon approval of your account.
- Deposit for More Rewards – To unlock additional free fractional shares, you need to make an initial deposit of any amount into your eligible account during the offer period. Once your deposit settles, you can claim four, eight, or ten free fractional shares at once.
- Reward Date – The date on which you can claim your stock rewards is known as the “Reward Date.”
- Stock Selection – The stocks awarded are randomly selected from Webull’s inventory of NYSE or NASDAQ-listed companies with a minimum market capitalization of $2.0 billion. The share prices for the initial deposit reward stock range from $7 to $3000, while the odds of receiving stock with a specific price per share vary.
- Claim on Time – It’s essential to claim your stock rewards through the Webull mobile app or website within 30 days of the Reward Date. Failing to do so within the specified timeframe will result in the expiration of the stock rewards.
Webull’s promotional offers are typically characterized by multiple steps and additional requirements, but this particular offer breaks the mold by being exceptionally straightforward. Opening a new Webull account and depositing any amount is all it takes to receive a minimum of $34 in stock. While the marketing material may hint at the possibility of obtaining stocks worth much more, it’s essential to understand that the odds of receiving such high-value shares are relatively low.
In practice, the average total value of the stock bundle is usually between $35 and $50, with a few highly-valued stocks included. While the chances of landing a stock worth $100 to $1000 are 1 in 1111, the odds of receiving a stock worth more than $1000 stand at 1 in 10,000, making it less likely. Nevertheless, this offer provides an easy way to acquire a quick $35 to $50 in stock with minimal effort.
Webull’s no-hassle offer presents an opportunity for new customers to secure free fractional shares, making it an accessible entry point for those looking to start their investment journey. By opening an account and making a deposit, you can claim stock rewards with a minimum total value of $34, potentially more. This straightforward offer is a valuable addition to Webull’s array of promotions, providing a chance to jump into the world of investing with ease.