How to Use Webull Trading Vouchers?

Hi,
I received some trading vouchers but can’t figure out how to use them. Has anybody figured out how they work? I tried to place a trade but then it says insufficient funds and no option to redeem the voucher for the order. When I go to the voucher directly and tap redeem it says “there are currently no orders”.Thanks.

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Comments

  • +2

    It is basically a cashback for the amount of the voucher. You need to spend your own funds, and then get the voucher money back a few days later.

    • Thanks. Wondering if it’s worth considering exchange rate and limiting it to trades on US exchange only with its own tax implications.

      • +1

        Probably depends on how much your voucher is for. I had 5xUS$20. I believe you can cash out the money once the cashback is received, so exchange rate shouldnt matter too much. Not really sure on tax implications.

        • Got the same. Thanks for your help.

  • hmmm

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