Our clearing firm Apex Clearing Corp has purchased an additional insurance policy. 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.
Webull Financial LLC is a registered broker dealer with the SEC, and a member of FINRA and SIPC. Webull strives to keep its vast depth of news, real-time market data, analysis tools, and trading commissions completely free! We pride ourselves on continually improving our platform and bringing exciting and useful tools to help you make smarter financial decisions.
All trading in Webull will cost 0 commission. Webull does not charge fees to open or maintain an account. However there are fees charged by SEC and FINRA which Webull does not benefit from. Please see the Commissions and Fees.
System response and account access times may vary due to a variety of factors, including trading volumes, market conditions, system performance, and other factors. Risk Disclosure: Trading of stocks and all other investment products involves substantial risk of loss and is not suitable for every investor. The value of stocks may fluctuate and as a result, clients may lose more than their original investment.
Stock Reward Program Disclosure | August 2018 As an incentive to attract and enroll new customers, Webull will randomly distribute one share of stock from its promotional stock program inventory to each new customer upon account opening and approval. Stock allocation is random and determined by an algorithm. As such, odds of allocation of specific stocks can vary at any given point in time according to the composition and levels of the program inventory. At its discretion, management reserves the right to adjust program parameters.
Terms and Conditions
1.Duration: from 2019/1/18 06:00 to 2019/3/31 23:59（EST）.
2.Customers interested in opening a new brokerage account with Webull Financial LLC can login to the Webull App for information on the Refer-A-Friend Program.
3.During this event, any one Webull Financial account holder with an account in good standing can invite others to join. Every successful account opening gives the referrer and the person referred a free stock valued from $3-$300. If the person referred makes an initial deposit of $100 or more within 30 days, they will be able to unlock the aforementioned free stock valued from $4-$1000. The referrer will also receive a 2nd free stock after their referral funds the account with $100 or more within 30 days.
4.Stock allocation is random and determined by an algorithm. As such, odds of allocation of specific stocks can vary at any given point in time according to the composition and levels of the program stock inventory.
5.The program stock inventory is composed of stocks with a minimum market capitalization of $2.5 billion and trading either on the NYSE-listed or NASDAQ-listed markets. The current program inventory is composed of widely held, recognized brand names and consumer & service-related industries.
6.After the invitee receives their account approval, both the referrer and the person who was referred will be able to claim a stock from the following program stock inventory: Stock in the $3/share - $5/share range, approximately 1:1.02; stock in the $10/share-$50/share range, approximately 1:55.6; stock in the $50/share - $300/share range, approximately 1:500. After the referral completes their initial deposit of a $100 or more within the first 30 days of their account approval, both the referrer and the person who was referred will be able to claim a stock from the following program stock inventory: Stock in the $4/share - $8/share range, approximately 1:1.02; stock in the $8/share-$100/share range, approximately 1:74; stock in the $200/share - $1000/share range, approximately 1:166.7; approximately 100:200; stock in the $200/share - $1000/share range, approximately 1:2000.
7.Every Webull brokerage account is allowed to claim up to 10 free stocks from referrals throughout the timespan of the entire referral promotion. After their 10th free stock, they can have their account reviewed by Webull and vetted for quality recommendations. If found eligible, Webull will add the account to the list and allocate them some extra chances to earn stocks for referrals.
8.Once the stock is awarded to the participants, they have 30 days to claim it. Any free stocks not claimed after the allotted amount of days reverts back to Webull.
9.Stock awarded is credited to customer accounts approximately seven trading days after being claimed.
10.Stock distributed under this promotion does not constitute a recommendation for its purchase, sale or holding.
11.Customers may hold or sell awarded stock once credited to the customer’s account. The value from sale of the stock can be withdrawn or used to buy other eligible securities in the account.
12.Where required by applicable rules and regulations, the value of all Webull Financial LLC offers received may be reported as Other Income on Form 1099-MISC. Webull Financial LLC is not responsible for any taxes related to this stock reward program.
13.This program is open to U.S. residents currently living in the U.S., who are at least 18 years of age with a valid Social Security Number. Employees, contractors, or persons similarly associated with Webull Financial LLC or a Webull affiliate, members of their household and employees of any securities regulatory organization or exchange are not eligible for this program.
14.At its discretion, Webull Financial LLC reserves the right to adjust the incentive program parameters.
15.Webull Financial LLC reserves the right to decline participation of certain customers in its incentive programs. If we suspect a user of creating multiple accounts, we reserve the right to suspend and/or shut down their accounts.
16.Webull Financial LLC reserves the right to terminate the incentive program at any time without notice.
17.Other restrictions may apply and will be posted on the Webull APP or website prior to effectiveness.
No content on the Webull Financial LLC website shall be considered a recommendation or solicitation for the purchase or sale of securities, futures or other investment products. All information and data on the website is for reference only and no historical data shall be considered as the basis for judging future trends.