How many free stocks do I get per Webull referral?

It varies by promotion — Webull updates the referral offer month to month, so there's no fixed per-referral amount. Check the in-app referral screen for the current reward before you share.

What's the minimum deposit for a Webull referral?

Your friend needs to make a qualifying deposit. Recent promotions have required $500 or more, with larger deposits unlocking bigger rewards. Confirm the current threshold in the app.

Is there a limit on Webull referrals?

Yes. Webull pays referral rewards on your first 10 successful referrals. Free stocks are typically credited a few trading days after your friend's deposit settles and clears any required holding period.

Webull Referral Program — Earn Free stocks (varies by promotion)

Free stocks (varies by promotion)per referral

Earn free fractional shares when a friend opens and funds a Webull account using your referral link. The exact reward changes month to month — recent promotions have ranged from a couple of free stocks up to larger fractional-share bonuses at higher deposit tiers.

Payout Type

Stock

Commission Type

One-Time

Difficulty

Easy

Max Referrals

10 referrals

Max Earnings

Varies by current promotion (10-referral limit)

Rating

4.5(3187 reviews)

Start Referring →

What Your Friend Gets

Free stocks (varies by promotion)for your friend

Your friend receives free fractional shares when they open and fund their account. The reward scales with their deposit tier under the current promotion.

Requirement: Must open a new Webull account and make a qualifying deposit (recent promotions require $500 or more, with larger deposits unlocking bigger rewards). Funds typically must be held for a set period before rewards are released.

How to Refer

1Open the Webull app, tap the menu icon, select 'My Free Stocks' or 'Refer Friends,' and share your referral link.

Pros & Cons

Pros

Frequently aggressive promotions, sometimes stacking deposit-match bonuses
Free stocks can occasionally include higher-value shares
Advanced trading tools make it appealing to intermediate investors
Both referrer and referee earn under most promotions

Cons

Requires a qualifying deposit (recently $500+), unlike Robinhood's no-deposit option
Reward changes month to month, so values aren't guaranteed
Capped at 10 successful referrals

Webull Referral Program: Free Stocks Per Referral

Webull's referral program is one of the more generous in the investing space, but it changes month to month. Depending on the current promotion, you can earn free fractional shares for each friend who opens and funds an account.

How Webull Referrals Work

Share your Webull referral link
Your friend opens a new Webull account
They make a qualifying deposit (recent promotions require $500 or more)
You both receive free stocks based on the current promotion, after any required holding period

Why Webull Is Worth Recommending

Webull frequently runs aggressive new-user promotions, sometimes layering deposit-match bonuses on top of free stocks. Because the offer refreshes monthly, the best time to share is when a high-value promotion is live. Always check the in-app referral screen for the current terms before you share.

Reward Caps and the Fine Print

Webull limits referral rewards to your first 10 successful referrals, and the exact reward is promotion-dependent rather than a fixed per-referral amount. Your friend's deposit usually has to settle and be held for a set period before either of you receives the bonus, so set expectations about timing.

Tips for Webull Referral Success

Compare Webull favorably to Robinhood in review content (extended trading hours, better charts)
Time your sharing to coincide with the strongest current promotion
Target intermediate investors who want more advanced tools than Robinhood offers
Be upfront about the deposit requirement so referrals actually qualify

Frequently Asked Questions

How many free stocks do I get per Webull referral?: It varies by promotion — Webull updates the referral offer month to month, so there's no fixed per-referral amount. Check the in-app referral screen for the current reward before you share.
What's the minimum deposit for a Webull referral?: Your friend needs to make a qualifying deposit. Recent promotions have required $500 or more, with larger deposits unlocking bigger rewards. Confirm the current threshold in the app.
Is there a limit on Webull referrals?: Yes. Webull pays referral rewards on your first 10 successful referrals. Free stocks are typically credited a few trading days after your friend's deposit settles and clears any required holding period.