[UPSIZED DEAL] Webull Promotion: Get up to USD1,000 worth of Free Shares (valid til 28 Sep 2023)

From 31 Aug 2023 16:00 SG Time to 28 Sep 2023 15:59 SG Time, new users who register an account with Webull Singapore will receive:

• Free 10 fractional shares worth up to USD1,000 when you fund ANY amount and maintain it for 30 days

The best thing is: no need to perform any trading!

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
• Read and agree with Terms & Conditions and Privacy Policy
• 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 of ANY amount

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.

This month promotion requires you to deposit ANY amount (minimum S$0.01) in a single or multiple transactions and maintain it for 30 days.

After you have successfully made the deposit, you will receive 5 chances for an instant-win draw to earn free fractional shares.

You must claim it in the Webull App under “My Rewards” within 30 days. After 30 days, the unused chances will be expired =(

After utilizing the free chances, these free shares will then be credited to your account within 7 business days. Congrats!

After depositing your SGD, if you want to convert it to USD to purchase stock in the US market, here’s how.

Below are all the possible fractional shares to be won in the instant-win draw.

Step 4: Maintain Your Account for 30 Days

Next, you need to maintain your Net Cumulative Deposit at any amount, for 30 days after the initial deposit. That means, your withdrawal minus your deposit must not be zero or negative.

After meeting Step 4 requirements, you will receive 5 additional chances for an instant-win draw to earn free fractional shares. You must claim it in the Webull App under “My Rewards” within 30 days. After 30 days, the unused chances will be expired =(

After utilizing the free chances, these free shares will then be credited to your account within 7 business days. Congrats!

Checking Your Progress

If you’re worried whether you have completed certain task correctly or not, you can actually check your progress in the Webull App.

Here’s how to do it: Go to Menu, and tap on “Welcome Rewards” button. Then, tap on “My Progress” button at the top right corner.

You can also see how many days left until you can be entitled to the rewards.

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Other Information:

To read the full Terms & Conditions of this promotion, click here and scroll to the end to find the link to the T&Cs.

[SUPERSEDED REQUIREMENT FROM EARLIER PROMO] Execute 1 Buy Trade & 1 Option Buy Trade

In this step you have 2 tasks to be completed within the first 30 days:

1. Execute your first BUY trade of either Stocks / ETF on US Market, with a minimum value of USD100.
2. Execute your first BUY trade of Option on US Market, with no minimum value.

Once your Buy Trade & Option Buy Trade are completed, you are entitled to USD100 trading voucher. It will only be credited when you’ve completed Step 6.

How 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.

How to execute an Option Buy Trade?

You need to execute 1 Option BUY Trade on US Market within the same first 30 days of account opening. There’s no minimum value of trade, so you can buy option of any stock.

The process of buying option is similar to buying a stock. Here’s the step by step:

• Go to Watchlist and select the stock that you want to buy option for
• Select “Option” and you will see the option chain
• Select the option that you want to buy. The price displayed on the option chain is the price for 1 share. In option trading, 1 contract is for 100 shares. And you need to trade a minimum of 1 contract for each trade. That means, the price you will pay is 100 times the price shown on the chain.
• 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.

[SUPERSEDED REQUIREMENT FROM EARLIER PROMO] Subscribe to a Mutual Fund

To get a chance to spin the wheel and receive up to USD 1,888 worth of AAPL shares, you need to subscribe to a mutual fund within 30 days of account opening.

How to subscribe to a mutual fund? First, you have to open mutual fund account. To do so, go to “Account” tab, tap on the menu button at the top right corner of the screen. Then, select “Mutual Funds” and fill up the questionnaire. After submitting the questionnaire, wait for your mutual fund account to be approved.

After your mutual fund is approved, you can now subscribe to a mutual fund. To subscribe and redeem mutual funds, refer to animated illustrations below.