Excellent Brokerage with Good deals!
As what I have shared earlier, Webull is one of best the best brokerage in Singapore that everyone should try, especially given the attractive promotion that they are giving now! I believe that that many would think opening a new account is a hassle but why not? Since you only need to deposit $0.01 and can get US$50 to US$500 for free with little or no efforts!
I have shared the steps of how to sign up earlier with my personal experiences with Webull in my two posts below.
Webull – powerful brokerage nice free welcome gift by depositing only S$0.01!
Webull: Spend $0.01 and earn US$50 to US$500 for free!
To get such nice welcome gifts with excellent brokerage, simply Click here to register a new account!
In this article, I will be sharing another feature in Webull which is Moneybull with a very important disclaimer at the end of this article. Do read on!
Besides low commissions, what else?
Besides the low commissions to trade shares/options, there is another very interesting plan called Moneybull that I wish to share today. If you have any funds on your Webull brokerage account that are available, you can simply enroll to this and will earn an additional 4.52% interest! So much higher than Fixed Deposit!
Of course, you can read the full FAQ about Moneybull at Webull website itself here. However, let me extract the relevant portions for your easy references.
What is Moneybull?
Moneybull is a wealth management tool designed for margin accounts to earn a yield on idle cash while maintaining liquidity and low risk.
The yield is generated by automatically investing your idle cash into underlying cash funds.
What are cash funds?
Cash funds are mutual funds that invest in short-term and low-risk debt securities. The yield generated by the cash fund can vary, but they are typically higher than the yield on a savings or money market account.
Key Advantages of Moneybull
There are 4 key advantages using Moneybull
- Earn up to 4.52* 7 Day Yield (P.A.)
- Deposit as Little as USD1/SGD1 to start
- All You Earn is Yours to Keep
- Optimise the Utility of Your Idle Cash
*Figures shown are based on 7-Day Yield (P.A.) as of 13 March 2023 and not an indication of future performance. (Source: Moneybull)
Other Key things to note for Moneybull
However, to be very honest, I haven’t use Moneybull yet. For my site and as per what I have mentioned in my referral page, I will only share products that I am using and found it to be useful.
Although this cash fund provides higher yield than other cash fund/money market funds, we should be concerned on what the underlying cash funds for Moneybull are. Webull site only mentioned that the cash funds are short-term and low-risk debt securities but with not much details on it.
Like for example, Moneyowl Wisesaver that I have shared earlier in this post, is investing in Fullerton SGD Cash Fund – Class A (SGD) which invested mainly in SGD Fixed Deposit and backed by Temasek. With this investors can clearly evaluate the risks before putting their hard earned money inside.
For Moneybull, I can’t find any information about its underlying cash fund in Webull website but I have emailed Webull to ask. If I hear anything from them, I will update again.
Meanwhile, I have only signed up with Webull to get the free money with $0.01 for testing out the brokerage which I like it very much so far! You can check out the details in this page: Webull – powerful brokerage nice free welcome gift by depositing only S$0.01! By using only $0.01, you can earn at least 50x more (US$50 to US$500), there are no other risks, why not?
Let me share again, to get such nice welcome gifts with excellent brokerage, simply Click here to register a new account! Details steps can be found via Webull – powerful brokerage nice free welcome gift by depositing only S$0.01!
Do also note that this offer will ends 28 April 2023! Don’t missed out the free money!