Welcome Free Money
Free money that comes from minimal effort. Everyone loves it. So, do you? As mentioned in my blog many times, I would only share things that I am using.
Recently there are many people sharing about this promotion – Spend $0.01 and earn US$50 to US$500 for free! This is basically the most recent promotion by Webull until 31 March 2023!
The best part is you can deposit any amount ($0.01 will do!) and get 5 free shares if you hold this amount for 30 days. This is the best promotion that Webull has so far since they onboard Singapore’s shore months ago.
Original I didn’t want to sign up another brokerage account, but this is simply too attractive. Usually, I would like to test any new account with small sum first before actually using it.
If you refer to the promotion by other brokerages (even the early promotion by Webull), the welcome bonus usually required user to deposit $xxx or even $xxxx! This is not suitable for most people who simply like to test the account with small amount first. Even better still, there is no need to perform any trade!
Thus, this is the best promotion ever and I have signed up two nights ago on Thursday Night (16 March 2023) at around 11.00pm and got my approval before midnight on the same day. After which, I only funded SGD$0.01 and I got my 3 free lucky draw shares worth US$30 around 08.42 am on the next day!
I am not so lucky to draw the shares of higher values, but luck will be better for you! Total there will be 5 lucky draw chances (3 draws upon funding $0.01 and 2 draws after you maintain SGD$0.01 for 30 days). Each lucky draw chance gives you the chance to draw share worth US$10 to US$100, so in total you can earned a minimal of US$50 to the maximum of US$500 for SGD$0.01 with little time spent! (See screenshots below!)
Let me share with you on what I have did.
4 Simple Steps to get free money and a very decent brokerage account
Step 1: Registration
Click here to register a new account.
After clicking “Sign Up” you will be directed to registration page.
Here are what you need to do:
- Fill in your phone number
- Click “Send Code” and the system will send a code via SMS to you
- Key in the verification code
- Read and agree with Terms & Conditions and Privacy Policy
- Click “Next”
You have successfully registered for a new account! Now, it’s time to set up your account.
Step 2: Setup Your Account
The next step is to setup your account. To do so, here are the steps you need to take:
- Download Webull App on your mobile
- Login with your mobile number
- Click on the “Open Account” tab at the bottom center of the screen
- Fill up your particulars. For simplicity, you can login with your Singpass.
- After submitting your particulars, wait for Webull’s approval (my approval took only 30 minutes from the time that I have applied). You will receive an email from Webull to tell you about your account’s approval.
Click “Open Account” to start setting up your account. Then, fill up your particulars.
After submitting the form, you will be shown this page. Wait for approval email from Webull.
After approval, you can go to the app and click Webull logo at the bottom center. Then, set your trading password.
Step 3: Make a Deposit of ANY amount in 1 transaction (SGD $0.01 will do)
After your account is approved, it’s time to make a deposit. Inside Webull app, select “Webull” tab at the center bottom of the screen.
There are 3 ways to make deposit: eDDA, Fast or Telegraphic Transfer.
eDDA method means you’re authorizing Webull to transfer money from your bank account into your Webull account. Setting it up is very easy, just click on “eDDA” then follow the instructions, login to your internet banking, set the amount limit and you’re done.
FAST method means that you need to manually transfer money from your bank account using FAST option. This is only applicable for deposit made in SGD. After you’ve done the transfer, you need to click “Notify Webull of Transfer Completion” and the money will be reflected into your account within 5 to 10 minutes.
Telegraphic Transfer (TT) method means that you need to manually transfer money from your bank account using the traditional Telegraphic Transfer method. This is applicable for deposit made in SGD, USD or HKD. After you’ve done the transfer, you need to click “Notify Webull of Transfer Completion” and the money will be reflected into your account within 1-3 days.
Please note: The registered name of the bank account holder and Webull account must be the same for all deposits and withdrawals. Deposits must be from your own individual bank account, not third-party bank accounts, joint accounts or third-party payment platforms.
To make deposit, click Webull logo at bottom center, then click “Deposit Now”. After that, choose your deposit method.
This month promotion requires you to deposit any amount in a single transaction and maintains it for 30 days.
After depositing your SGD, if you want to convert it to USD to purchase stock in the US market, here’s how.
Click Webull logo, then click “Details”. After that, scroll down to find “Exchange Currency” button.
Step 4: Maintain Your Account for 30 Days
Next, you need to maintain you Net Cumulative Deposit at SGD 0.01 or above for 30 days after the initial deposit. That means, all your total deposit minus total withdrawal should be at least SGD 0.01.
It is alright if your portfolio falls below SGD 0.01 during the holding period, as long as your Net Deposit is at least SGD 1. If you don’t perform any withdrawal, your net deposit remains SGD 0.01.
After meeting all of the above simple steps, you will receive your rewards within 7 business days. Please remember to use the rewards WITHIN 30 days. After 30 days, the unused rewards will be expired.
Do take note of the T&C for the first 3 lucky draw chances and the 2 additional lucky draw chances later:
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For quick references to these resources, you can see below.
- Ebooks and other useful resources on enhancing productivity (Investment, Excel, Notion etc). Currently most of it are free at this moment (subject to change).
- MoneyOwl: You can use this 6SHU-93MC to get free grab vouchers and highly safe liquid cash fund account.
- Trust Bank – a new digital bank. A unique partnership backed by Standard Chartered Bank and FairPrice Group. You can get free bank account with no minimal balance and credit card with no annual fee ever. KNDBPEPT.
- FSMOne: P0413007. Good account to keep liquid cash in autosweep and to purchase investment at low fee.
- Hostinger: You can use this link for hosting your new website.
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