From 21 May 2022 to 14 July 2022, new users who register an account with Webull Singapore will receive:
- USD 100 Apple fractional shares
- 3-month Level 2 US Market Data subscription
- 0 commission fee for US and HK market
Here’s how to get Webull Welcome Rewards
Step 1: Registration
Click here to register a new account.
After clicking “Sign Up” you will be directed to registration page.
Here are what you need to do:
- Fill in your phone number
- Click “Send Code” and the system will send a code via SMS to you
- Key in the verification code
- Click “Next”
You have successfully registered for a new account! Now, it’s time to set up your account.
Step 2: Setup Your Account
The next step is to setup your account. To do so, here are the steps you need to take:
- Download Webull App on your mobile
- Login with your mobile number
- Click on the “Open Account” tab at the bottom center of the screen
- Fill up your particulars. For simplicity, you can login with your Singpass.
- After submitting your particulars, wait for Webull’s approval (my approval took 21 hours). You will receive an email from Webull to tell you about your account’s approval.
Step 3: Make a Deposit
After your account is approved, it’s time to make a deposit. Inside Webull app, select “Webull” tab at the center bottom of the screen.
There are 3 ways to make deposit: eDDA, Fast or Telegraphic Transfer. Personally, I prefer DDA because it’s so much faster. But I’ll explain each methods.
eDDA method means you’re authorizing Webull to transfer money from your bank account into your Webull account. Setting it up is very easy, just click on “eDDA” then follow the instructions, login to your internet banking, set the amount limit and you’re done.
FAST method means that you need to manually transfer money from your bank account using FAST option. This is only applicable for deposit made in SGD. After you’ve done the transfer, you need to click “Notify Webull of Transfer Completion” and the money will be reflected into your account within 5 to 10 minutes.
Telegraphic Transfer (TT) method means that you need to manually transfer money from your bank account using the traditional Telegraphic Transfer method. This is applicable for deposit made in SGD, USD or HKD. After you’ve done the transfer, you need to click “Notify Webull of Transfer Completion” and the money will be reflected into your account within 1-3 days.
Please note: The registered name of the bank account holder and Webull account must be the same for all deposits and withdrawals. Deposits must be from your own individual bank account, not third-party bank accounts, joint accounts or third-party payment platforms.
Step 4: Execute 1 Buy Trade
When you execute your first BUY trade of either Stocks / ETF / Options on US Market, you are entitled to USD60 worth of APPL fractional shares.
To execute a Buy Trade, go to “Watchlists” tab, click on the search function at the top corner and type in the name of the stock that you want to buy.
Then, select “Trade” and select “Buy” tab. Choose the order type and key in the quantity and price (if using Limit order). Check the numbers that you’ve keyed in, and finally tap the “Buy” button at the bottom.
Remember, you need to Buy, and not sell. So, selling or shorting will not count. And you need to do it on US Market, not SG or HK market.
Step 5: Execute 5 More Buy Trades
To get the remaining USD40 worth of APPL fractional share, you need to execute 5 more BUY Trades on either Stocks / ETF / Options on US Market.
For avoidance of doubt, you will receive the fractional share of Apple stock, not the cash.
Step 6: Maintain Your Account for 30 Days
Next, you need to maintain you Net Cumulative Deposit at SGD 2,000 or above for 30 days after the initial deposit. That means, all your total deposit minus total withdrawal should be at least SGD 2,000.
It is alright if your portfolio falls below SGD 2,000 during the holding period, as long as your Net Deposit is at least SGD 2,000.
After meeting all of the above requirements, your fractional share will be credited to your account within 7 business days. Congrats!
To read the full Terms & Conditions of this promotion, click here and scroll to the end to find the link to the T&Cs.
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