This was posted 6 months 27 days ago, and might be an out-dated deal.

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Deposit Min $5000 (2% pa Interest), Maintain until 31/12/23 & Get up to 4.5% Value as Apple Shares (up to $4,500) @ Webull App

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Deposit Min $5000 (2% pa Interest), Maintain until 31/12/23 & Get up to 4.5% Value as Apple Shares (up to $4,500) @ Webull App
Go to Deal
rokufan on 02/10/2023 - 17:58 webull.com.au (374 clicks)
Last edited 04/10/2023 - 12:06 by 1 other user

Up to 4.93% return for 79 days (13/10 to 31/12/23), ~ 22.79% annualised return.

Make deposit and maintain balance until 31/12/23 and receive bonus Apple shares.

(All amounts in AUD)
Deposit $5,000 - $49,999 receive bonus $200 in Apple shares + 2% p.a. for uninvested cash balance
Deposit $50,000 - $99,999 receive bonus $2000 in Apple shares + 2% p.a. for cash balance
Deposit >= $100,000 receive bonus $4500 in Apple shares + 2% p.a. for cash balance

Go to Promotion Center in app to activate.

Promotion screenshot with T&Cs:
https://files.ozbargain.com.au/upload/118077/106942/16961507…

Referral Links

Referral: random (1196)

Until 5:59pm 29/4/2024.

NVDA shares reward:

Referee:

  1. Sign up, fund minimum A$200 within the promotion period to receive A$50 worth of NVDA fractional shares, three A$10 worth of US Securities Trading Vouchers, and two A$10 worth of US Options Trading Vouchers.

  2. Sign up, fund minimum A$1,000 within the promotion period and before 30 days from the date of the account opening to receive A$200 worth of NVDA fractional shares, six A$10 worth of US Securities Trading Vouchers, and four A$10 worth of US Options Trading Vouchers.

  3. Until 5:59pm 29/4/2025 Transfer in & maintain A$10,000 or USD equivalent within the promotion period to receive A$150 worth of NVDA fractional shares & get up to five $400 in trading vouchers, or transfer in & maintain A$100,000 or USD equivalent within the promotion period to receive & get up to five $1,000 in trading vouchers.

Referrer: Limit of maximum 10 referrals. Referrer will receive A$50/A$200 worth of NVDA fractional shares after Referee deposited qualifying amount of funds.

From 6:00pm 29/4/2024 to 5:59pm 31/5/2024.

Referee: Sign up, fund minimum A$200 within the promotion period to receive A$50 worth of Tesla fractional shares, three A$10 worth of US Securities Trading Vouchers, and two A$10 worth of US Options Trading Vouchers.

Referrer: Limit of maximum 10 referrals. Referrer will receive A$50 worth of NVDA fractional shares after Referee deposited qualifying amount of funds.

Financial Cash Management Account Shares (financial)

Related Stores

Webull
Webull

closed Comments

  • Appox7 on 02/10/2023 - 18:03

    don't think this is under the $250k Aus gov guarantee so be cautious. if markets dip webull could go under

    • Ozfanmel on 02/10/2023 - 18:10

      Is it same for buying shares in Webull ?

      • Culpable on 02/10/2023 - 21:22

        Correct. Webull is not CHESS-sponsored [source], which means the shares aren't registered directly under your name.

        If Webull go under, you may lose part or all of your shares. Proceed with caution.

        • Ozfanmel on 02/10/2023 - 21:39

          Okay thanks
          even for us shares?

          • greatlamp on 02/10/2023 - 21:48
            +1

            @Ozfanmel: The concept doesn't exist in the USA so you are always at risk

            • Ozfanmel on 02/10/2023 - 21:51

              @greatlamp: Oh okay even we buy from stake.com or SelfWealth is it same? Looks very risk

              • greatlamp on 02/10/2023 - 21:53

                @Ozfanmel: Yes if you are buying shares on a US exchange there is no CHESS sponsorship. If you read the terms and conditions of Selfwealth the purchase of US shares goes through a different broker.

                The only exception would be buying US shares that are cross listed on the ASX, such as some vanguard products

              • pennypacker42069 on 03/10/2023 - 08:39

                @Ozfanmel: For US shares the equivalent to CHESS is SIPC insurance

        • bfg100k on 02/10/2023 - 22:05
          +2

          I believe that FAQ is saying that Webull is NOT the CHESS sponsor but they partner with FinClear who IS the CHESS sponsor so you DO get your own HIN - see this faq (a little misleading though as it says Webull is CHESS sponsored but its actually their partner FinClear)

          • bobwokeup on 02/10/2023 - 22:13
            +1

            @bfg100k: Thanks for clarifying although in this deal, it’s about depositing cash and holding to get the benefit. Correct me if I’m wrong, but doesn’t that mean CHESS sponsored is irrelevant?

          • rokufan on 21/10/2023 - 18:33
            +1

            @bfg100k: Correct. If you buy ASX stock with Webull you will receive your own HIN.

    • rokufan on 02/10/2023 - 18:20
      +2

      No bank guarantee. Usual ASIC regulated client/broker trust arrangement. I will be researching further before committing.

      • cook99 on 02/10/2023 - 18:54
        +6

        Please come back to tell us how the research went 😁

        • Aureus on 04/10/2023 - 14:22
          +1

          I emailed them. Seems like there is a trust setup like rokufan said, so money should be safe, assuming support person knows what they are talking about.

          Client monies are held in a segregated client trust account with JP Morgan (our partner bank). So, no creditors of either JPM or Webull can call on those funds. About US securities, you can refer to the attached. I hope it helps.

        • rokufan on 21/10/2023 - 18:39

          Sorry a bit late, but Webull repeats promos so this may be useful. See this comment thread: https://www.ozbargain.com.au/comment/14411544/redir

  • BargainBenno on 02/10/2023 - 18:05
    +1

    If they lend this money out then you are up the creek if they fail to pay it back. It’s an unsecured deposit only as good as the ability of WeBull to pay it back.

  • Joshbell on 02/10/2023 - 18:07

    So $5000 deposit gets you $200 return in 2 months?
    Hence, 4% return in 2 months? + 2% p.a. interest?
    Seems like a good deal if it is the case

    • rokufan on 02/10/2023 - 18:18

      Correct.

    • sween64 on 02/10/2023 - 20:23
      +1

      $200 in Apple shares which will be subject to market fluctuations.

      Also risk not getting your $5k back.

      • rokufan on 02/10/2023 - 22:33

        You get x number of shares valued at $200 on the day the bonus shares are added to your account. Very little price risk if you sell the same day.

        • GreenLego on 03/10/2023 - 03:36

          In the previous deals, you had to hold the shares for 15 days before they let you off load them.

  • djkelly69 on 02/10/2023 - 18:12

    Not sure how you get 48 days to 31 December??

    • rokufan on 02/10/2023 - 18:18

      Counted from the promotion end date 13/10.

      • wangasm on 02/10/2023 - 18:36
        +1

        13/10 to 31/12 should be 79 days

        • rokufan on 02/10/2023 - 18:47

          Sorry. Had a dyslexic moment. Updated numbers, hope they are correct now.

  • Trishool on 02/10/2023 - 18:47

    Are they trustworthy with a name like We Bull?

    • rokufan on 02/10/2023 - 20:08
      +5

      No less than their competitor Moomoo. lol

  • GreenLego on 02/10/2023 - 19:25
    +1

    Webull reserves the right in its absolute discretion to terminate, vary, delete, or add to any of the Campaign's terms and conditions herein, at any time without prior notice and without having to disclose any reason therefore and without any payment or compensation whatsoever to the Participant.

    They can just take your entire money under their rules.

    • rokufan on 02/10/2023 - 19:31
      +1

      They are pretty standard promotion terms. It is only in regards to the promotion bonus. They do not get to legally steal your money. lol

  • OzOzOzOzzzzz on 02/10/2023 - 19:35
    +3

    Webull is owned by Hunan Fumi Information Technology,[10] a Chinese holding company that has received backing from Xiaomi, Shunwei Capital, and other private equity investors in China. YMMV

  • bargainatoraah on 02/10/2023 - 19:43
    +2

    If it sounds too good to be true…

    • Stopback on 02/10/2023 - 23:11

      Nah the first one which was deposit 2k was too good to be true, but it gave shares.

      This one is a bit more risker. But from a risk / reward most likely worth it.

  • blighst on 02/10/2023 - 20:24

    Looks targeted - cannot see in my account

    • bobwokeup on 02/10/2023 - 21:09

      I don’t think so, did you go to the Promotion Center?

      • blighst on 02/10/2023 - 21:11
        +1

        I did, but now can see it - maybe was serving me a old cached page or something

  • M00Cow on 02/10/2023 - 20:45

    So where is the actual link to the website & promo?

    • rokufan on 02/10/2023 - 22:34

      In the app go to Promotion Center to activate offer.

  • Raj09 on 02/10/2023 - 20:49

    Anyone can recommend a platform to buy micro futures?

  • fozzie on 02/10/2023 - 21:21

    Is tiger broker government guaranteed? Thanks

  • hehe8 on 02/10/2023 - 21:50

    I know the cash management is backed by US but why not just buy the US Treasury which yields 5.44%p.a (3months)?

    • virtualds on 02/10/2023 - 21:56
      +2

      How to buy?

  • Pat Rick on 02/10/2023 - 22:30
    +1

    My understanding from reading is, we need to deposit a minimum of 5,000 AUD and keep it to 31 DEC 23 to be eligible for the lowest tier reward, 200$AUD AAPL shares.

    Did they say what we can / cannot do with the 5,000 AUD? I am thinking to just relocate my monthly investment amount from another app to webull, and buy VOO / QQQ.

    • wangasm on 03/10/2023 - 12:13
      +1

      It appears to measure your Net Cumulative Deposit amount, meaning your Deposits - Withdrawals must stay above $5000 for the whole period.
      This means you can do whatever you want with the money in the app after depositing (Gains/losses don't affect it). As long as you don't withdraw anything

      • Aureus on 03/10/2023 - 12:22

        The T&C says
        "The Campaign which advertises our Cash Management Facility is based on any uninvested cash the Participant deposits with us"

        While that isn't super clear, I take that as they only count deposited money that is not invested during the promo.

        • wangasm on 03/10/2023 - 12:27
          +1

          That's just what they are promoting, not what they are measuring. It's very clear in Step 3 they refer to the Net Cumulative Deposit
          Also in the app there is an FAQ for this promo

          Can I trade Stocks, ETFs, Options with my funds?
          Yes you can. You can continue trading activities taking advantage of opportunities when they arise, while earning interest on balances in your account.

          • Aureus on 03/10/2023 - 12:32

            @wangasm: That is the FAQ for the cash management feature. Nothing in the FAQ refers to the promo.

            If you are planning to do this promo I would definitely confirm with WeBull.

            • rokufan on 21/10/2023 - 18:24
              +2

              @Aureus: wangasm is correct. This has been confirmed by Webull support.

              • Aureus on 21/10/2023 - 19:00

                @rokufan: Thanks. That is good to know.

                Makes this promo pretty amazing. Wish I actually transferred the money for this promo.

                • rokufan on 21/10/2023 - 22:21
                  +1

                  @Aureus: You should get another chance, Webull runs heaps of promos, many of them are repeats or similar. Set an OzBargain alert for Webull.

      • bfg100k on 12/10/2023 - 19:13

        based on the last line seen here - https://files.ozbargain.com.au/upload/118077/106943/16961507…, I think you can get away with depositing $5K by 13th Oct, don't withdraw, then come closer to 31st Dec, top up with say $95K to get the $4.5K bonus apple shares!

        • pennypacker42069 on 12/10/2023 - 19:29
          +1

          That would not work, in the terms and conditions they give the formula they will use:
          [Net cumulative deposit] = [Deposits Sep 22 to Oct 13] - [Withdrawals Sep 22 to Dec 31]

  • bfg100k on 04/10/2023 - 15:33

    In terms of tax handling, are these bonus shares considered income?

    • GreenLego on 07/10/2023 - 02:22
      -2

      Yes

    • wangasm on 10/10/2023 - 17:17
      +1

      I don't believe it's income because it's an asset (Same if someone gifted you shares). However if you sell it, it will likely be a CGT event.

  • xryanlee on 09/10/2023 - 00:34

    Has anyone deposited 50K to WeBull so far? I have deposited 5K.

    • pennypacker42069 on 09/10/2023 - 18:28
      +3

      I did a test purchase on the ASX, if I get confirmation it is on the CHESS register then I will make a bigger deposit

      • xryanlee on 10/10/2023 - 19:55

        It looks like it is Chess sponsored as I have received a letter from ASX with a new HIN created by WeBull.

    • haydoz on 10/10/2023 - 13:02
      +1

      Yeah I just did today

      • xryanlee on 10/10/2023 - 19:56

        Transferring funds from others banks to Webull is pretty fast, but not the other way around, withdrawing funds from Webull takes a few hours.

    • rokufan on 21/10/2023 - 18:19

      Yes. I purchased a cash ETF for extra security (CHESS/HIN) and enhanced returns, instead of leaving in the Webull cash management account.

  • xiaozaocha on 11/10/2023 - 17:56
    +3

    anyone thinking about deposit $50k like me lol? will be close to the due date

  • rokufan on 12/10/2023 - 15:46
    +1

    I emailed Webull asking how client accounts are protected, their reply:

    Webull AU customers are not covered by the $250k Australian Government Bank Guarantee because JP Morgan (our partner bank) is not a participant of APRA’s deposit insurance scheme.

    However, please be aware that the client monies facility is in a segregated client trust account with JPM. So no creditors of either JPM or Webull are able to call on those funds.

    Sincerely,
    Stephanie
    Webull eService Representative

  • ComfortablyNumb on 13/10/2023 - 00:53
    +3

    I asked their chat team to clarify - results:
    Looks like you don't have to leave it in 2% p.a mode if you would like to safeguard your deposit (eg buy some bonds linked to your Chess hin). It's as long as you don't withdraw any cash at all from webull - you will qualify based on the deposit amount.
    … Yeah I don't get what they achieve from this, if you deposit $100k, buy $100k shares and grab their 4.5k bonus, what do they get out of it??? - at least the 2% interest, surely they're skimming interest from your cash, but if you tie it up in shares, they don't really gain anything but the small fee of a buy and sell?.

    Chat:

    "Hi there, for the your money is worth more promo, if I deposit cash, does it need to stay entirely as cash in the cash management account? (Eg if I buy shares with the money it will void it?"

    You can trade if you want. As long as your cumulative deposit amount always over the promotion requirement, then that will be OK.

    You can trade, it did not affect the promotion.

    But if you withdraw during the period, your cumulative deposit amount will drop.

    "So I could buy $5000 worth of shares and it won't affect qualify for bonus Apple shares?"

    Yes, you are right.

    "As long as I don't withdraw any cash I qualify?"

    Yes, correct.

  • ComfortablyNumb on 13/10/2023 - 16:00
    +2

    I was tempted to put $50k in and buy AAA:ASX … but didn't pull the trigger, anyone else game?

    • pennypacker42069 on 13/10/2023 - 18:08
      +3

      I deposited 100k and bought some ASX shares. The transactions have been confirmed on the CHESS registry now so it looks like everything is legitimate

      • ComfortablyNumb on 13/10/2023 - 19:37
        +2

        Yeah knew I should have bitten, oh well next time, good punting! Well done

    • rokufan on 21/10/2023 - 18:08
      +1

      That surprised me, so I double checked with support and you are correct.

      Webull are CHESS sponsored so keeping your funds in ASX stock with your own HIN removes the Webull specific risk that concerned many on here.

      I took your suggestion and invested $50k in AAA, lol. I should have gone the full $100k but procrastinated too long moving money around.

      Webull repeat their promos so you are likely to get another chance, I'll make a post if I see one. Setup an OzBargain Webull alert so you don't miss it.

  • bobwokeup on 02/01/2024 - 12:35

    Does anyone know when the reward will be issued?

    • haydoz on 02/01/2024 - 16:45
      +4

      Apparently by 5 Jan (according to live chat)

      • bobwokeup on 02/01/2024 - 17:08

        Cool cheers, fingers crossed 🤞🏽

    • UltimateSAVER on 05/01/2024 - 09:26
      +1

      I still haven't received mine…

      • walshy1009 on 05/01/2024 - 10:47

        Nothing here yet either

        • oswade on 05/01/2024 - 16:22

          Nothing here yet either. Maybe worth reaching out to support?

      • xiaozaocha on 05/01/2024 - 17:42

        nothing for me as well. I remembered they mentioned it will be sent as a voucher but nothing in the reward center.

        • xiaozaocha on 19/01/2024 - 10:01
          +1

          just to confirm that I received the shares. also received a bit of interest

    • jdsouza on 05/01/2024 - 19:13
      +1

      just received mine!

      • bobwokeup on 05/01/2024 - 19:23

        An cool, where did you see it in the app?

        • oswade on 05/01/2024 - 19:32
          +2

          Got mine too - see the rewards section and press claim

  • walshy1009 on 05/01/2024 - 19:38

    My partner received hers (showed up in the my reward section as a claimable share)

    However, I have not received mine yet. Between when I made the deposit in October and now, I had received two batches of TSLA share referrals, as well as the interest from the $5001 sitting in there. I had withdrawn the shares and the interest but have kept the balance at above $5000 this entire time. Have I made my self ineligible as a result of this due to the wording of “net cumulative deposit”?

    • UltimateSAVER on 05/01/2024 - 21:26

      you should be eligible if you didn't withdraw any fund. I just received mine. $2880 US

    • wangasm on 07/01/2024 - 05:20

      I believe you disqualified yourself. I posted this earlier above: As per the terms
      your Net Cumulative Deposit amount, meaning your Deposits - Withdrawals must stay above $5000 for the whole period. Since you withdrew, it fell below $5000. Referrels and interest are not a deposit and it doesn't matter what your internal balance is.

  • rokufan on 05/01/2024 - 19:50
    +2

    Just received mine. You have to claim it in the rewards section.

    • darque on 05/01/2024 - 21:54

      Same, finally received mine. Tempted to buy the remaining 0.3 apple shares to make it a full one

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