WeBull is a fee-free brokerage app, very similar to Robinhood (but no monthly fee like Robinhood) which a lot of people have used and who also has the same free stock offer.

They are offering a bonus for signing up and approved for a new account. You’ll each get a share of free stock worth anywhere from $12 and $1,400. Then add just $100 to your WeBull account and you will get another free stock issued to you. We love this app because there is no fee to open, no monthly fees, and no minimums.

Go Here for Your Free Stock from WeBull!

The Fine Print of the Free Stock Offers

• Free stock will credit in about 5 trading days.
• Offer open to U.S. residents currently living in the U.S. who are at least 18 years of age with a valid SSN.
• Around 95% of people will get a stock worth under $10. Odds of getting a stock worth $10-20 is about 4%, $50-100 is about .5%, $150-250 is about .3%, $1k is about .1%.
• Customers may hold or sell the stock once the bonus is credited to their account.
• Where required, 1099-Misc may be issued (probably only in the event of a stock higher than $600)

If you signup with a referral, both you and the referrer get a free stock. The referral tracks through the email address or phone number input on the initial signup page. (You’ll download the app separately – I assume they track the email input at signup and match it to the email input at download.) 

WeBull Investing App Review

If you’re looking for a brokerage for active trading with low costs and a great mobile-first experience you should like this stock app. Webull quickly emerged from its fairly recent opening just a few years ago to be a favorite for active traders looking for a low-fee experience.

Webull orients its platform toward tech-savvy traders who can handle most of their accounts and trading needs on their own. If that sounds good to you, read more to learn about how Webull may be a good fit for your investment and trading needs.

Pros & cons

PROS

• No commissions — You’ll pay no fees on the trades you make through Webull.
• No minimum balance requirement — You can get started with pennies, gradually increasing your contributions as you get more comfortable.
• Plenty of research resources — You’ll learn the market while you’re making money.

CONS

• Online only — Your entire experience with Webull will be confined to the app.
• Limited support — Although you can get customer support, you won’t find the guidance you get with other apps.
• Completely self-guided — You’re on your own as you build and manage your portfolio.

WeBull Vs. Fee-Driven Robinhood

Webull is an online brokerage firm with mobile, desktop, and web trading platforms. It is free to use with no commissions to buy or sell stocks, exchange-traded funds (ETFs), and options. This platform was free before all of the big investment firms were doing it.

Webull’s main competitor is Robinhood. Robinhood also offers “free trading” but with less impressive active trading features. They also charge a monthly fee just for doing nothing. If you’re deciding between Robinhood and Webull, Webull is definitely the better choice today.

The brokerage has more than 9 million users around the world. It doesn’t disclose assets under management, but one estimate pegs it around $4 billion across all customer accounts.

Is My Money Safe?

Webull is a member of the Securities Investor Protection Corporation (SIPC), which protects the securities of its members’ customers up to $500,000 (including $250,000 for claims for cash).

Apex Clearing Corporation provides an additional insurance policy. From Webull’s website, “The coverage limits provide protection for securities and cash up to an aggregate of $150 million, subject to maximum limits of $37.5 million for any one customer’s securities and $900,000 for any one customer’s cash. Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities.”

While Webull’s charting features are powerful, some might find charting a little difficult to use on a mobile app. On the other hand, if you find yourself always on the go but need access to in-depth stock market research and charting capabilities, Webull is definitely for you.