Webull (Singapore) Referral Promotion

Enjoy Tech. Enjoy Investing.

Campaign period: from 21 May 2022 00:00 SGT to 30 June 2022 23:59 SGT (both dates inclusive)

IMPORTANT:

  • the referral link shared on this page is only for Singapore based clients

Webull has launched in Singapore! Sign up with Webull to receive welcome rewards:

  • 3-months of Level 2 US market data subscription (Nasdaq TotalView)
  • Zero commission trades for US and HK markets
    • for US market, zero commission trading is permanent
    • for HK market, zero commission trading is only during the campaign period
  • Up to 100 USD worth of Apple (AAPL) fractional shares
  • 1-month complimentary OPRA subscription
    • only for accounts approved to trade options

Note: after you click on "Sign Up" from the Webull sign up page, you should see a form to sign up with your mobile number. If you do not see it, try using a different web browser or disable your pop-up and ad blockers.

register for a Webull account with your mobile number
register for a Webull account with your mobile number

Detailed steps to open the account and claim the welcome rewards are described later in this article. Sign up with the referral link.

Terms and Conditions apply.

Table of Contents

About Webull

Webull is a fast-growing global FinTech online brokerage with over 20 million app downloads! Enjoy real-time free market data, 0 commissions, 0 platform fees and 0 membership fees for US stock trading.

Founded in 2017, Webull Financial LLC is a Chinese-owned stockbroker headquartered in New York. It is owned by Fumi Technology, a Chinese holding company that has received backing from Xiaomi, Shunwei Capital, and other private equity investors in China.

In May 2022, Webull launched in Singapore and operates under Webull Securities (Singapore) Pte. Ltd. (“Webull”) (UEN: 202116981M), a Capital Markets Services Licence holder under the Securities and Futures Act 2001, licensed and regulated by the Monetary Authority of Singapore.

Webull aims to expand and serve the Asia Pacific (APAC) region, starting with Singapore as their APAC Regional Headquarters.

Accolades

Webull options poster

  • Investopedia: Best Broker for Low-Cost Options Trading (2022)
    • “Webull has offered some of the lowest cost options strategies in the industry, alongside a robust set of tools at no cost to its customers. As one of the lowest-cost brokers around, Webull stands out for extending affordability into the options market.”

Need reasons to choose Webull?

All-in-one self-directed investment platform

The Webull investment platform provides a quality user experience with advanced tools and services.

Key features include:

  • true zero commission
  • free real-time quotes
    • NASDAQ TotalView and NBBO quotes to help investors better understand the market’s demand and supply
  • full extended hours trading
    • 16 hours of trading in US market hours
  • 24/7 in-app help centre
  • analysis and trading tools
    • intuitive charting tools on the Webull App allow investors to analyse and tap into investment opportunities.

Fractional shares trading

Webull fractional shares trading poster

Fractional shares trading is a useful feature not every brokerage offers. It allows investors to invest in expensive stocks without being overweight on the particular ticker.

Webull supports fraction shares trading from as low as 5 USD.

Licensed by MAS

Webull Securities (Singapore) Pte. Ltd is regulated by the Monetary Authority of Singapore (MAS).

True zero commission trading

Webull commission poster

For US market, Webull offers true zero commission trading, unlike its competitors, this means:

  • No commission fees
  • No platform fees
  • No settlement fees
  • No membership fees
  • No contract fees
  • US Stocks, ETFs and Options related fees charged by regulators, exchanges and third-party institutions may still apply.
Pricing comparison table between Webull and its competitors
Pricing comparison table between Webull and its competitors [Jun 2022]
Complete and latest pricing information can be found here.

Webull Community

Webull Singapore will create a community for like-minded investors, educating and empowering them with the best-in-class tools and information to make better investment decisions.

Experience sharing

How to register and open a Webull account

Step 1: Clicking on the referral link will open the Webull registration page in a browser window.

Webull sign up page
Webull sign up page

After you click on “Sign Up” from the Webull sign up page, you should see a form to sign up with your mobile number. If you do not see it, try using a different web browser or disable your pop-up and ad blockers.

register for a Webull account with your mobile number
register for a Webull account with your mobile number

Proceed to register for a Webull account using your mobile number.

Registering simply provides you with login capabilities to the Webull app platform. Your trading account is not opened yet at this point of time.

Step 2: Download the Webull app and login with the account created in the previous step.

Step 3: Within the Webull app, select “Open Account” (middle tab at the bottom of the screen), and follow the steps.

  • I logged into SingPass MyInfo to autofill some parts of the forms.
  • the entire process of filling up the forms took about 10 minutes.
  • I tried to omit my company name and occupation details but those fields were mandatory.

After completing the above steps, Webull will review the account opening application.

How long does account opening approval take?

I submitted my account opening request on 20 May 2022 (Sat) @ 23:00 PM, and my account was approved on 21 May 2022 (Sun) @ 1:40 PM.

Funding your Webull account

After your account is approved, the middle tab at the bottom of the screen will be replaced by a Webull logo. Tap on it and follow the instructions to set a trading password. The trading password is a 6 digit PIN.

Webull funding steps

After setting your trading password, you will be able to fund your account.

Funding options are:

  • eDDA Deposit (recommended)
    • for SGD (zero charges)
    • links your Webull account to a bank account to allow direct debit via eGiro. Banks supported are:
      • Bank of China
      • DBS
      • ICBC
      • Maybank
      • OCBC
      • Standard Chartered
      • UOB
  • FAST
    • for SGD
  • Telegraphic Transfer (TT)
    • for SGD, USD, HKD

I used the recommended option of eDDA. Following the on-screen instructions, I logged in to my DBS internet banking to set up the eGiro arrangement.

After the eGiro was set up, I managed to fund my Webull account within seconds.

Receiving the welcome rewards

Funding and Trading Rewards

To receive the 100 USD worth of fractional Apple (AAPL) shares, new clients need to accomplish the tasks below:

  • first 60 USD worth of AAPL shares:
    • make an initial minimum deposit of SGD2,000 and execute at least 1 buy trade of either Stocks, ETFs or Options on the US market
    • the ‘Net Cumulative Deposit’ of the Account needs to be maintained at or above SGD2,000 for a holding period of at least 30 calendar days from the date the initial deposit is settled.
      • meaning you cannot deposit SGD2,000 to receive the free shares and then withdraw your funds immediately.
  • next 40 USD worth of AAPL shares:
    • execute an additional 5 US Stocks, ETFs or Options buy trades in addition to the 1 buy trade within the holding period of at least 30 calendar days
    • fractional share trades are considered qualifying trades

All conditions must be met by 23:59 SGT of the 30th calendar day from the date of approval of Account application.

Clarifications on ‘Welcome Rewards’ promotion mechanics

Are fractional share trades eligible to qualify for the welcome rewards?

[25 May 2022]: I asked Webull via the in-app ‘Help Center’ and they confirmed that fractional share trades are considered qualifying trades to meet the requirements to receive the welcome rewards.

“Trading in fractional shares counts as a qualified transaction. You need to meet the requirement of the holding amount over SGD 2000 in the holding period of 30 days at the same time. You also need to make 5 qualified transactions in total during the holding period.”

Do I qualify for welcome rewards if I deposited S$2000, bought some shares, and my portfolio subsequently fell below S$2000?

[25 May 2022]: I asked Webull via the in-app ‘Help Center’ and they confirmed that the ’total deposit amount’ minus the ’total withdrawal amount’ needs to be not less than S$2000 during the holding period of 30 days.

So you do not have to be worried if you deposited exactly S$2000 and the price of the shares you bought fell, causing your portfolio value to dip below S$2000.

Notes

No trading support for Singapore market (SGX)

As of launch date in May 2022, Webull does not support trading in the Singapore market (SGX). Hopefully they will add this capability soon.

Responsive ‘Help Center’

From my experiences in May 2022, the ‘Help Center’ responded to my queries within an hour which I feel is pretty good.

Educate yourself on investing

I would strongly recommend you register a FREE account with SGX’s Online Education Programme and complete the basic courses first if you are new to investing.

Disclaimer

All investments involve risks and are not suitable for every investor. The value of securities may fluctuate and as a result, clients may lose more than their original investment.

Margin trading increases the risk of loss and clients’ losses may exceed the deposits placed. The past performance of a security or financial product does not guarantee future results or returns.

Keep in mind that while diversification may help spread risk it does not assure a profit, or protect against the loss, in a down market.

There is always the potential of losing money when you invest in securities or other financial products. Investors should consider their investment objectives and risks carefully before investing.

Auntiehuat
Auntiehuat
Web Administrator

Disclaimer: while we do our best to maintain up to date information on the available referral promotions, their terms and conditions do change frequently. We do not guarantee that the information published on this website is accurate.