WeBull Brokerage Switch Bonus (Up To $7,500 Bonus)

Replace 2/17/25: There’s a brand new bonus from 1/23 – 2/28 which presents as much as $7,500. On the decrease tiers it’s nonetheless 2%; at increased tiers it’s not practically nearly as good.

The Provide

Direct Hyperlink to supply

• WeBull is providing a 2% bonus if you switch your brokerage account to their platform from July 5, 2024 via July 31, 2024.

The Effective Print

• Provide Interval: 07/05/2024 12:00 AM ET – 07/31/2024 11:59 PM ET
• Excludes IRAs
• Provide Eligibility: This provide (the “Provide”) is open to brokerage prospects in good standing of Webull Monetary LLC (“Webull”) who obtain a push notification via the Webull web site or cellular utility (collectively, the “Webull Platform”) to take part on this Provide (such prospects “Eligible Clients”).
• Provide Necessities: To obtain an Provide Reward (as outlined under), an Eligible Buyer should (i) click on “Enroll Now” on the touchdown web page for this Provide on the Webull Platform, (ii) full 1 or extra Qualifying Transfers (as outlined under) in an combination quantity between $2000 and $5,000,000 to their Webull brokerage account (their “Webull Account”) in the course of the Provide Interval, and (iii) preserve of their Webull Account, in money and/or securities, the combination quantity (excluding buying and selling losses) of all such Qualifying Transfers till July 30, 2026.
• “Qualifying Switch” means any switch initiated after the start of the Provide Interval by an Eligible Buyer to their Webull Account of property held by the Eligible Buyer in a brokerage account at an establishment aside from Webull or any of its associates utilizing the Automated Buyer Account Switch Service that settles earlier than the tip of the Provide Interval. For the avoidance of doubt, if an Eligible Buyer withdraws or transfers property from their Webull Account or from some other account that the Eligible Buyer holds with Webull or any of its associates and transfers all or any portion of such property to their Webull Account after the start of the Provide Interval, such switch won’t be deemed a “Qualifying Switch.”
• Deposit Bonus: Every Provide Reward will include a money fee credited to the relevant Eligible Buyer’s Webull Account in an quantity equal to 2% of their Web Qualifying Switch Quantity “Web Qualifying Switch Quantity” means, in respect an Eligible Buyer, (i) the combination quantity of all such Eligible Buyer’s Qualifying Transfers, minus (ii) the combination quantity of all withdrawals or transfers of property by such Eligible Buyer from their Webull Account in the course of the interval starting on the beginning of the Provide Interval and ending on July 30, 2026 at 11:59 PM EST.
• Provide Rewards shall be paid in installments to the relevant Eligible Buyer’s Webull Account within the quantities and on the dates indicated under: July 31, 2025 50% of Provide Reward quantity; July 31, 2026 50% of Provide Reward quantity.
• PLEASE NOTE: (1) Further transfers by an Eligible Buyer to their Webull Account that happen at any time after the tip of the Provide Interval won’t improve the quantity of the Eligible Buyer’s Web Qualifying Switch Quantity. Instance: Eligible Buyer participates on this Provide and makes a Qualifying Switch in an combination quantity equal to $30,000 to their Webull Account previous to the tip of the Provide Interval. One week later, the Eligible Buyer transfers a further $30,000 to their Webull Account. The Eligible Buyer will solely be entitled to obtain an Provide Reward in an quantity equal to 2% of $30,000. (2) Any withdrawal or switch of funds from an Eligible Buyer’s Webull Account previous to July 31, 2026. shall be deemed to cut back the Eligible Buyer’s Web Qualifying Switch Quantity and will scale back the worth of any Provide Reward the Eligible Buyer is entitled to obtain. Instance: Eligible Buyer participates on this provide and makes a Qualifying Switch of $100,000 to their Webull Account in the course of the Provide Interval. Subsequently, one yr following the tip of the Provide Interval, the Eligible Buyer withdraws $20,000 from their Webull Account and maintains the remaining stability till July 31, 2026 (leading to a stability of $80,000 as of July 31, 2026). Eligible Buyer will solely be entitled to obtain an Provide Reward in an quantity equal to 2% of $80,000. (3) Within the occasion that the quantity of any Provide Reward to which an Eligible Buyer is entitled is diminished on account of withdrawals or transfers out of property from the Eligible Buyer’s Webull Account between the tip of the Provide Interval and July 31, 2026, (i) Webull won’t be obligated to make any additional funds in respect of the Provide Reward in extra of the Provide Reward quantity to which the Eligible Buyer is entitled following the discount, and (ii) Webull could, in its sole discretion, rescind the surplus quantity of any Provide Reward funds made to such Eligible Buyer by debiting their Webull Account. (4.) Eligible Clients should preserve the quantity of any Provide Reward fee (minus any buying and selling losses) of their Webull Account for at the very least 90 days from the date on which such Provide Reward fee is credited to their Webull Account. If an Eligible Buyer fails to adjust to this requirement, Webull could, in its sole discretion, debit the Eligible Buyer’s Webull Account the quantity of such fee.
• Limitations: Every Eligible Buyer could earn a most of 1 Provide Reward in reference to this Provide. Eligible Clients are usually not entitled to earn Provide Rewards in respect of a couple of Webull Account. This Provide is just not transferable or saleable.
• Webull reserves the best, in its sole discretion, to say no an Eligible Buyer’s request to take part within the Provide or to say no to grant Provide Rewards to an Eligible Buyer for any cause or for no cause, together with with out limitation (i) if any side of the operation of the Provide or distribution of the Provide Rewards is prohibited by relevant legal guidelines, laws or guidelines, together with with out limitation the foundations of any self-regulatory group of which Webull is a member, (ii) such Eligible Buyer’s failure to fulfill any Provide Necessities or any violation of the phrases and circumstances of the Provide, (iii) precise or suspected fraudulent, misleading, or abusive exercise by such Eligible Buyer in reference to any of the platforms or providers supplied by Webull or any of its homeowners, associates, and/or subsidiaries, (iv) the prevalence of any try, whether or not profitable or unsuccessful, to undermine the respectable operation of the Provide by dishonest, hacking, deception, or different unfair or improper conduct (together with, with out limitation, the creation of a number of accounts), or (v) if such Eligible Buyer has violated the phrases of any settlement to which it’s a celebration with Webull or any of Webull’s homeowners, associates, and/or subsidiaries
• Webull reserves the best to vary the phrases of or terminate the Provide at any time with out discover. If, for any cause, the Provide is just not able to working as deliberate together with, however not restricted to, by cause of tampering, unauthorized intervention, labor dispute, fraud, or some other trigger past the management of Webull or its associates, which, within the sole opinion of Webull, corrupts or impacts the administration, safety, equity, integrity or correct conduct of the Provide, then Webull reserves the best, in its sole discretion, to cancel, terminate, modify or droop the Provide. Webull reserves the best, in its sole discretion, to rescind Provide Rewards if any relevant Qualifying Switch doesn’t settle, is reversed, or is in any other case decided to be improper or invalid.
• This Provide is legitimate alongside, though separate from, any promotions supplied by Webull. However anything on the contrary herein, staff, contractors, or individuals equally related to Webull or its affiliate(s); members of their family; Webull referral companions, key opinion leaders (KOLs) and/or influencers; registered representatives of broker-dealers; staff of any securities regulatory group or alternate; and/or staff of any market maker are usually not eligible to take part on this Provide. The Provide is simply out there for private use and is probably not used for business functions. Different restrictions could apply. Void the place prohibited.
• No substitution, money redemption, project or switch of any Provide Reward is permitted, besides by Webull, which reserves the best in its sole discretion to substitute an Provide Reward with one other prize of equal or larger worth.

Our Verdict

Wow, this is a wonderful brokerage bonus. They’re modeling this after the (expired) 1% provide from Robinhood, and they’re upping the ante with 2% bonus for a similar two yr maintain interval. The one benefit of the Robinhood model was the truth that the bonus turned instantly out there to speculate which permits us to learn from the positive factors in the course of the two yr maintain. With WeBull you get half after one yr and the opposite half after the 2 yr time interval is full.

The 2-year maintain time does weaken the deal considerably, particularly for somebody who likes chasing brokerage bonuses. Nonetheless, 2% bonus price with out tiers and mainly with out restrict is significantly better than nearly some other brokerage bonus at present out there. (For transfers sub-$100k, the TastyTrade deal is best than this WeBull provide.) We’ll add this to our Record of Greatest Brokerage Bonuses.

Personally, I simply went about shifting my investments to Robinhood and I’m contemplating doing this deal as effectively with no matter different investments I’ve. Perhaps I ought to even dump Robinhood and change over to WeBull for the bigger bonus. I’ll first click on via Swagbucks to open a WeBull account, then I’ll look out to verify I’m focused/eligible for the provide (I imagine it’s displaying for everybody, however value verifying). Then I’ll switch over my investments to WeBull by way of ACAT switch and go away them there for two years. I’d not essentially advocate having greater than $500,000 with WeBull or Robinhood because the SIPC insurance coverage restrict is that quantity. Lower than $500,000 appears secure to me.

Further notes, identified by readers:

• WeBull will reimburse as much as $100 in switch charges.
• WeBull apparently isn’t nice with transferring over value foundation, so that you might need to get manually concerned for that to course of accurately.

Hat tip to reader Terp

Provide Historical past:

• Prolonged to October eighth, 2024
• Prolonged to 9/15/24
• Prolonged to 9/8/24
• Replace 8/6/24: This provide was prolonged via August 31. (Word, the brand new phrases for August are usually not clear whether or not the funds want to stay with WeBull for two years; the customer support reply I obtained from WeBull is that funds want to stay till August 31, 2026 or it would have an effect on the bonus. Individually, observe, the phrases now require holding the bonus quantity there for 90 days previous payout.)