You may remember Robinhood's awesome free stock promotion (which is still active!) where you received a free share of stock that could be worth up to $200. A few Hiffers even got the mega-expensive stock shares for free and were able to cash out within weeks!
Well, you know what they say about success, imitation, and flattery. Enter Webull Financial!
They saw Robinhood blasting off to the moon and thought “hmmm, we could do that too.” But what's a good way to differentiate themselves? Oh, I know, offer free stock shares that could be worth up to $1000! 🤑
What's Webull
If you've never heard of Webull, you're not alone because they're a relatively new company based out of New York City. Just like Robinhood, Webull is a registered broker dealer with the SEC and a member of FINRA and SIPC.
Their main goal is to bring free stock trading to the masses. Gone are the days of paying a $7 commission just to buy or sell stock.
This means you get unlimited free trades, with no minimum balance, along with a boatload of investment and research charts, information, and news – something I found lacking from Robinhood.
So how do they make money while offering free trades? By having a lot of customers! Webull makes tiny amounts of money on cash balances, interest, and premium memberships, so they don't charge crazy-high fees just for selling stock.
Obviously, Webull hopes we become lifelong members. But for our intents and purpose, we just want that sweet, sweet free share of stock!
Get your free share of stock now!
The odds of specific stock allocation is implied as follows:
- Stock worth $4-$6 per share are awarded approximately 1:1.1
- Stock worth $10-$20 per share are awarded approximately 1:24
- Stock worth $50-$100 per share are awarded approximately 1:200
- Stock worth $150-$250 per share are awarded approximately 1:333
- Stock worth over $1,000 per share range are awarded approximately 1:1,000
Get your Free Stock
To get your free share of stock, you need to do the following easy steps.
- Signup here to open a new brokerage account.
- Upon registering, follow the prompt to download the Webull app for your iPhone or Android.
- Wait for your account to be approved. Mine took around an hour, but I've seen some people take up to a full day.
- Open the app, click the left menu, and then click “My Free Stock.”
- Once your account is approved, you'll see a “CONGRATULATIONS! You get a chance to draw a free stock.” message with a giant “GET” button next to it.
- Click it and claim your free share of stock!
Important Free Stock Tip
When signing up, please write down or save the referring tag in the link! It's the text that comes after ?inviteCode=COPYTHISTEXT
If you run into any trouble with Webull not giving you your free stock, you'll need this piece of information when contacting their customer support!
From the same screen, you can invite any friends and family to Webull for even more free stock.
I managed to score a free share of ABEV, the parent company of Anheuser-Busch, valued at $4.49. Hopefully people keep drinking and drive the price up. 😂
What to do with your Free Stock
Your stock will be credited to your account within 5 business days and you'll then be free to do whatever you want! You can sell it for cash, keep it for an investment, or even transfer it to Robinhood if you prefer that app. You can also transfer your free Robinhood stock over to Webull if you like the newer app better.
Marilyn says
September 19, 2018 at 04:38 pmnot comfortable giving a SSN # for a freebie
Goob says
September 19, 2018 at 05:14 pmI totally understand that.
Just to clarify, the reason you have to give your SSN# is because they have to confirm your identity due to the Patriot Act. They use your social security number (similar to how tobacco freebies do!) using bank-level SSL and 128-bit encryption.
However, like I said, I get not wanting to give that info out!
Laura Wasilewski says
September 19, 2018 at 07:14 pmDo you know if you register your new account directly on the app are you still eligible for the free stock?
Goob says
September 19, 2018 at 09:15 pmI think you need to go through a referral link, but I’m not 100%. I wouldn’t recommend it, but if you’ve already done so, are you offered a free stock under “My Free Sock”?
Kelly says
September 20, 2018 at 10:15 amThey ask an AWFUL lot of information…too much for a possibility of a little stock. LOVE your site! 🙂
jason says
September 20, 2018 at 12:20 pmReceived the same stock ABEV by using your referral link.
Rebecca Stogner says
September 23, 2018 at 11:35 amThis site triggered a phishing alert from my computer’s security. I can’t even get into it due to my protections. PLEASE be careful with this site, everyone!!
Goob says
September 23, 2018 at 12:50 pmWhat security software are you using?
Rebecca Stogner says
September 24, 2018 at 02:33 pmI use Avast. When I followed the link to the site my computer emitted a loud alert and Avast locked down the webpage. I couldn’t visit it if I wanted to. Which is actually why I have Avast. It protects me from myself. But anyway, y’all just be careful!
Beth says
September 25, 2018 at 10:38 amI also use avast and just tried it and got the alert. It’s due to the link being a referral. If you go directly to the webull website, you won’t get the alert. It just thinks the referral link is phishing.
Brenda says
February 15, 2019 at 04:32 pmI tried to get free stock by signing up through your link, I got “Congratulations! You have successfully signed up. Open account now to get free stock. Download app.”After downloading app I was told to deposit $100 to get stock. Customer support said the same even though I forwarded a screen image of the above and said this was through referral link(also included). Was told for $100 I’d get a stock. Scam
Samantha says
May 8, 2019 at 05:36 pmI got the same thing as Beth. I didn’t have to give a SSN or anything. I signed up with my email address, got a verification code in my email, got the app, and the only way to get the stock is to deposit money.
Goob says
May 9, 2019 at 11:48 amHey Samantha, check out my comment to Victoria below!
Victoria Kershner says
May 9, 2019 at 11:06 amI got the same as Beth and Samantha. It wanted me to apply, which meant giving out a ton of info and stuff I didn’t even know how to answer (plus picture of DL?!) then it said I had to deposit money to get a free stock. Ummm nope!
Goob says
May 9, 2019 at 11:48 amI believe you still get a free stock! Webull is running multiple promotions right now, one being free stock for new accounts and another being free stock for depositing money. You should be able to get the new user stock without depositing any money.
When you open the app, click on Menu in the lower. Do you see a silver “MY FREE STOCK” image near the top now?
Britni says
May 10, 2019 at 04:22 pmI got GNW for $3.60 and I did not deposit any money.
Goob says
May 10, 2019 at 05:24 pmAwesome! Hope they become the next billion dollar company 😀