Webull is a US-regulated stock and options broker (SEC and FINRA, SIPC protected) aimed at active retail traders. Its welcome offer is free stock for funding an account, currently 10 fractional shares for a first deposit of $100 or more. Webull does not state what those shares are worth, and older versions of the offer locked sale proceeds for 30 days.
Risk warning: Trading carries a high risk of losing money, especially with leveraged products such as CFDs. A bonus does not reduce that risk. Only deposit what you can afford to lose.
Webull
Make a first deposit of $100 or more at Webull to get 10 free fractional shares plus up to 5.0% APY with Webull Premium. Webull does not state what the shares are worth.
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Webull traces back to 2016, founded by Wang Anquan, a former Alibaba and Xiaomi employee, initially under a China-based fintech company. Webull Financial LLC, the US broker-dealer entity, was approved by FINRA in 2018, and Webull Corporation, the global holding company, is headquartered in St. Petersburg, Florida. Webull went public on Nasdaq under the ticker BULL in April 2025 through a SPAC merger.
In the US, Webull Financial LLC is registered with the SEC and is a member of FINRA and SIPC, giving standard SIPC coverage of up to $500,000 (including a $250,000 cash sublimit), with excess coverage through Lloyd's of London on top. This protects securities held, not trading losses.
Webull's Chinese ownership ties have drawn scrutiny: several US state attorneys general opened inquiries into data handling in 2024, and at least one state restricted Webull on government devices. Founder Wang Anquan retains majority voting control, and a significant share of staff work through a China-based subsidiary. That context is worth knowing regardless of your view on the underlying concerns.
Webull operates through separate regulated entities outside the US. Its UK arm is FCA-authorized, its Australian entity holds an ASIC licence, its Singapore entity is MAS-regulated, and its Japanese entity is registered with the FSA, with further operations in markets including Canada, Brazil, Indonesia, Mexico, South Africa, Thailand and Malaysia. Product availability, fees and promotions differ by country, and an offer advertised on the US site generally does not apply to accounts opened through a local Webull entity.
US customers get commission-free trading on stocks, ETFs and options, though certain index options carry a per-contract fee. Webull offers traditional, Roth and rollover IRAs with no account minimums, plus a cash management sweep for uninvested cash. Crypto trading, run through Webull Pay LLC, was folded back into the main app in 2025; crypto trades carry no stated commission but a roughly 100-basis-point spread applies on both sides, which functions as the real cost. A free paper trading mode lets users practice with virtual funds.
Webull's standing new-account offer is free stock for funding a brokerage account, open to US residents only. The mechanics matter more than the headline: you get real fractional or full shares of a US-listed company with a market cap above $2.5 billion, credited within five business days of qualifying, and you have 30 days from signup to make the qualifying deposit. The current offer is 10 fractional shares for a first deposit of $100 or more, and Webull does not state what those shares are worth. Earlier campaigns paid about $20 in shares for a $500 deposit or a randomly selected share worth anywhere from about $8 to $1,600, so the value varies from one campaign to the next.
The condition to watch is a possible 30-day lock: an older Webull promotion page locked the proceeds from selling awarded shares for 30 days after the sale, and it is not confirmed whether the current offer does the same. No trading activity is required to earn or keep the stock, which makes this a deposit-and-wait offer rather than a cash-in-hand bonus. Webull has also run deposit match promotions and transfer-fee reimbursements for customers moving an account from another broker. A referral program pays existing customers additional free stock when a referred friend opens an account and deposits at least $100 within 30 days, drawn from the same reward pool with the same random-value structure.
Free stock received through a Webull promotion is taxable. The fair market value of the share on the date it is credited is generally treated as income in the year received, and any gain when you later sell is a separate capital gain or loss. Webull issues tax forms for this; check with a tax professional for your account type and country.
Common ways people miss out: not making the deposit within the 30-day signup window, depositing less than the promotion's minimum, transferring in assets instead of new cash (transfers do not always qualify), or having held a Webull account previously, since first-deposit offers are one per person. Selling immediately and expecting instant cash access is another risk: older Webull offers locked sale proceeds for 30 days, so check whether the current terms do the same.
Yes. Webull Financial LLC is registered with the SEC and is a member of FINRA and SIPC. SIPC covers up to $500,000 per account (including a $250,000 cash sublimit), and Webull carries additional excess coverage through Lloyd's of London. This protects your securities if the brokerage fails, not against trading losses.
Open a US brokerage account and fund it within 30 days of signing up. Once you meet the deposit minimum for the active campaign (currently $100 for 10 fractional shares, with no stated dollar value), Webull credits shares within five business days. The stock is drawn from US-listed companies with a market cap above $2.5 billion and, in some past campaigns, was randomly selected with a value between about $8 and $1,600.
Not necessarily. Older Webull promotions locked the cash proceeds from selling awarded shares for 30 days after the sale. It is not confirmed whether the current 10-share offer carries the same lock, so check the offer terms in the app before you plan a withdrawal.
Yes. The fair market value of the stock when credited is generally treated as income in the year you receive it, and any future gain or loss when you sell is calculated separately. Check with a tax professional for how this applies to you.
Webull was originally founded under a China-based fintech company and restructured its China-related arrangements in 2022. Founder Wang Anquan retains majority voting control, and a significant portion of staff work through a China-based subsidiary. This has prompted state-level inquiries in the US, which is worth knowing regardless of your view on the underlying concerns.
Yes, through separate locally regulated entities: an FCA-regulated brokerage in the UK, an ASIC-licensed entity in Australia, an MAS-regulated entity in Singapore and a Japan FSA-registered entity, among others. Promotions and product availability differ by entity, so a US offer does not apply if you open an account elsewhere.