Webull is known to have attractive referral campaign and looks like they’ve outdone themselves again with the new campaign.
https://act.webull.com/ne/6l6RAsIvgULd/3yy/inviteUs/recommend_1474_A_push
Using my referral link will get you 3 stocks. The first one (worth $2.5-$250) is obtained by opening the account while the other two (worth $8-$1600) are obtained after making an initial deposit of $100 or more.
During this very short promotion period (see exact time detail below), the first referral to deposit $100 or more will earn you additional 2 bonus stocks, thus netting a total of 5 stocks for the first referral. Each stock is valued between $8-$1600.
Then the 2nd successful referral nets 4 total stocks while the 3rd nets 8 stocks thus giving you a total of 17 stocks for 3 referrals!
Terms and Conditions
Duration: 10/27/2020 00:00EST –11/02/2020 23:59EST
1) This promotion is only open to Webull clients who have registered before 9/19/2020 and successfully referred at least one friend to open an account and make an initial deposit of$100 or more in Webull, but have not yet successfully referred a friend to join Webull in the last 30 days. Clients who do not fall in that qualification group may not receive the same amount of reward stocks if they were to successfully invite others to join Webull during this promotion’s duration.
3）A successful referral is when the invitee successfully opens a brokerage account AND makes an initial deposit of $100 or more into their brokerage account within 30 days of signing up. In this case, the deposit must be initiated between 10/27/2020 00:00EST and 11/02/2020 23:59 EST.
Closing Thoughts
It seems that the “regular” Webull offer is now “invite 3 friends and get 15 free stocks”, so this one is a little better. So even if you don’t have the 17 stocks offer, you should try for the 15 stocks offer.
Anyway, this is an excellent offer for referring family members. Essentially, you can get 17 stocks (your account) + 9 stocks (3 per family member) = 26 stocks for playing around with an app for a few minutes. Note that 23 of these stocks will be worth $8-$1600 while the leftover 3 will be worth $2.5-$250. Assuming you’re somehow the champion of drawing the lowest threshold stock possible every time, you make $8*23 + 2.5*3 = $191.5 for few minutes of your time. Not bad.
