US-based broker-dealer, Webull, is offering 6 free fractional shares to new joiners. Prospective users simply need to register for an account and make a qualifying deposit. Read on for the details.
Free Stock Joining Offer
Upon signing up for a Webull trading account, clients can claim 2 fractional shares worth between $3-$300. Traders then receive 4 additional stocks worth between $7-$3000 after funding their account.
Promotional stocks are distributed from Webull’s inventory of settled shares. The broker’s inventory is composed of US-based stocks listed on the NASDAQ or NYSE with a minimum capitalization of $2.5 billion.
Terms & Conditions
Users have 30 days to claim their free stocks. Unclaimed shares will be returned to Webull after this period and will not be re-issued. Clients can claim the bonus shares via the My Rewards tab. The shares will be credited to traders’ accounts within 10 days.
Customers have the option to hold or sell their free stocks. Profits made from the sale of promotional shares can be withdrawn or used to invest in other securities.
Clients can make a qualifying deposit using a wire transfer or ACH transfer. Most deposits are processed instantly once accounts have been activated.
Webull was founded in 2017 and is headquartered in New York. The online broker offers trading on stocks, options, ETFs, ADRs, and forex.
Users can download the broker’s in-house terminal or access the platform through the browser-based solution. Traders can place limit, market, stop-loss, stop-limit and stop-loss/take-profit orders. 12 charting tools, 60+ technical indicators, plus customizable layouts are available.
Importantly, Webull offers commission-free trading. The firm makes its money through margin interest, which starts at 6.99% for traders with a debit balance of $25,000. Account holders with a balance of $3,000,000 benefit from a 3.99% rate.
Day trading leverage is available up to 1:4, alongside 1:2 buying power for overnight positions. Note, that clients need to deposit at least $2,000 to be approved for a margin account.
Follow the sign-up link below to open an account with Webull and claim your free stocks.