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Webull Promotions of 2024

Review Updated
Ashley Maready

Our Brokerages Expert

Eric McWhinnie
Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page.

Webull can be a great brokerage firm for those who love to trade stocks on the go, due to its mobile-first approach. To sweeten the deal, Webull also has promotional offers for new clients who join. Here are a few on offer right now.

Webull transfer bonus: Transfer your investments to Webull and get a 1.25% cash bonus

Webull
Open Account for Webull

On Webull's Secure Website.

Ratings Methodology

Our Rating:

Rating image, 4.0 out of 5 stars.
4.0/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Bottom Line

As a mobile-focused brokerage, Webull provides better functionality than its competitors, along with offering some cash and stock bonuses.

Fees:

$0 per trade

Account Minimum:

$0

Open Account for Webull

On Webull's Secure Website.

How you earn it: Make Webull your new broker of choice and transfer your existing investments and you can earn a 1.25% cash bonus. It's important to note that only customers who are transferring at least $25,000 in assets qualify.

How you qualify: You must be a customer in good standing. You must transfer at least $25,000 (with a maximum of $10 million) to your Webull account from another broker during the offer period.

The bonus is paid in two installments of 50% of the Offer Reward amount -- one on June 30, 2025, and the other on June 30, 2026. You'll also need to leave your investments in your Webull account for 90 days past this date to get your full 1.25% -- move investments out of the account and your bonus will be reduced accordingly. Webull will reimburse up to $100 in fees for the transfer, too.

Details: This is a nice bonus -- a 1.25% bonus on $25,000 worth of investments comes to $312.50, and if you transfer the maximum amount of $10 million, you stand to earn a cool $125,000.

It's also easy to move investments to Webull:

  1. In the Transfer section in the Webull app, select "Transfer Assets into Webull."
  2. Pick the broker you're transferring from.
  3. Provide your account number with the other broker, and answer questions about your positions.
  4. Initiate the transfer and Webull will take it from there.

Offer expires: July 2, 2024

Webull IRA transfer bonus: Transfer your IRA and get a 3.5% match on your transfer plus contributions for 2024

How you earn it: If you've got a self-directed or managed existing IRA (traditional or Roth) with a different broker, transfer it to Webull and you'll earn a match of 3.5% on your existing holdings, plus a 3.5% match on your contributions for 2024.

How you qualify: You can qualify for this promotion if you've got an IRA with another broker and move it to Webull, plus add additional contributions (via Qualifying Deposits) by the offer deadline. There's a limit of one IRA transfer bonus per customer, so if you have multiple IRAs with different brokers, you won't get a match multiple times over.

The match is paid out over several years -- one-fifth of your match will be paid each year on June 1, 2025, June 1, 2026, June 1, 2027, June 1, 2028, and June 1, 2029. You'll have to leave your IRA holdings in the account for at least 90 days past this last date to claim the Deposit Bonus amount -- withdrawals or transfers will reduce your bonus amount.

Details: Your 3.5% bonus match depends on how much money you transfer from an existing IRA to Webull. But if you contribute a full $7,000 to your new IRA with Webull in 2024, you'll earn a match of $245 on top of the match on the money you transfer over. And that 3.5% is unlimited -- if you've got $100,000 in another IRA, you could make $3,500 on it, for example.

And again, it's easy to move assets to Webull:

  1. In the Transfer section in the Webull app, select "Transfer Assets into Webull."
  2. Pick the broker you're transferring from.
  3. Provide your account number with the other broker, and answer questions about your positions.
  4. Initiate the transfer and Webull will take it from there.

Offer expires: July 15, 2024

What else should you know about Webull bonuses?

Webull introduces new bonuses every so often. Check back on this page, because we'll keep it updated.

Are Webull promotions worth it?

Getting a cash bonus/investment match when you open a new brokerage account or transfer an existing one is a good deal. Plus, Webull has one of the best free stock trading apps.

And despite Webull's focus on active traders, if you already know a lot about investing and want to actively manage a long-term sort of investment account (such as an IRA), it could be a good fit for you. The bonus just sweetens things even more.

Alternatives to Consider

We recommend comparing brokerage options to ensure the account you're selecting is the best fit for you. To make your search easier, here's a short list of our best trading platforms of 2024.

Account Fees Account Minimum
Logo for SoFi Active Investing
Rating image, 4.5 out of 5 stars.
4.5/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
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$0 for stocks, $0 for options contracts $0
Logo for Robinhood
Rating image, 4.5 out of 5 stars.
4.5/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
$0 for stocks, ETFs, and options; $5 monthly for Robinhood Gold $0
Logo for E*TRADE
Rating image, 4.5 out of 5 stars.
4.5/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
Commission-free; other fees apply $0

FAQs

  • If you move existing assets to a Webull account, you'll need to leave them in place until 90 days past June 30, 2026, to claim your full 1.25% bonus. And to get the match to your IRA contributions, it will be paid out over time, with the final payment made on June 1, 2029 -- your money must stay in place for at least 90 days past this date. It's best to pursue these bonuses if you're able to leave your investments in place for at least a few years.

  • In the case of new account bonuses, you are sadly only eligible once -- when you open your first Webull account. But if you have investments amounting to over $25,000 with another broker, you can transfer them to Webull as a current customer and claim a transfer bonus. The same is true of moving an existing IRA (only one, though). That said, this brokerage might offer more bonuses in the future that current clients can claim (such as those for referring new investors).