• expired

Sign up & Fund Any Amount into Your Account and Maintain 30 Days, Get 20 Free Fractional Tesla Shares Worth $200 @ Webull

5341

EXTENDED FOR 48 HOURS!

Ending 17 Nov 2023! Time to sign up if you haven't or complete application and/or funding!

You need to sign up using an eligible referral link, can click from the pool of links from end of this post. An eligible referral will look like this in the Webull App

For the referee:
Fund ANY amount and get 20 free fractional TESLA US shares $10 value each, total value $200. Use a invite only referral and receive the 20 free fractional TESLA shares after holding initial deposit for 30days. A 1 cent deposit is all that’s needed.

For the referrer:
Upon a successful referral, you get 20 fractional TESLA shares with the above values. Limited to ten referrals.

Terms & Conditions(webull.com.au)

The Reward Programme:
Reward 20 Free US Fractional Shares each valued at AUD$10 each.
• Participant has an existing or opens a new individual account via the inviter unique referral link within the Campaign period.
• Deposits an initial deposit of any amount (or the equivalent in USD) must successfully arrive in the Participant’s Webull Australia individual account within the Campaign period.

• Participants must maintain the initially deposited funds in their Webull Australia individual account for a minimum period of 30 days.

Screenshot of new promo from Webull app:

https://ibb.co/9NmPtms

As the referral code might be invalid/old. If it looks the same as above, then your in luck!

Referral Links

Referral: random (1064)

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 Tesla fractional shares after Referee deposited qualifying amount of funds.

Related Stores

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closed Comments

  • Where can I verify if I've received the '10 fractional shares'? Is this information accessible within the app?

    • Yes under Menu > 'My Rewards' tile will highlight and you tap on it to redeem your rewards. Might take a couple of days after you fund your account.

      • Thank you for your assistance! I appreciate it.

  • -1

    This seems sketchy for a few reasons. The trust pilot score is low at 1.4 stars. The UI also screams scam. Giving away your tax file number, drivers licence and debit card information is a big risk in my opinion, even if it is standard for trading platforms. Has anyone had success with past deal? ie actually withdrawn cash?

    • Yup, many of us have withdrawn

      • was it a straight forward process?

        • Same as every trading platform I've used. You convert your USD to AUD and a couple of days later you have the funds in your bank account. I've even had it next day with Webull.

          If you do a search for Webull on here you can read all the previous threads. Pretty much every question under the sun has been asked and answered. Lots of info in there.

          • @wavesgreen: It says 0 US dollars available to convert to AUD after I put an order up to sell the shares, and the order was filled. Also shows I have a balance in the assets tab. It says one of the reasons why you can't withdraw is "unsettled funds". How can you find if your funds are settled or not?

            • +3

              @Aldrin120: All share trades have a 2 day settlement period, this is standard across platforms. When the trade is settled the funds will appear in your USD balance.

              I'm going to bed, have a read through the other threads as all this (and more) is covered there.

    • +7

      In ozb, fake, illegal, bad, doggy posts will not last for 1 minute. We are big families, help protect and support each other.

      • -5

        Do you understand my concern though? There are alot of comments that have been removed on this post in particular. Alot more than others. Do you think there is a chance of corrupt moderators on OzBargain? I'm pretty new here and I trusted this platform up until I shared this with people and they all said it's a scam. What is the actual business incentive behind a deal like this? There's no way they could turn a profit from this event. I'm just approaching this critically with such sensitive data.

        • +1

          There are alot of comments that have been removed on this post in particular. Alot more than others.

          Nope, standard in these types of threads where people start spamming their referral links and mods have to remove the posts.

      • +1

        Yep. Have a look at the Tiger Brokers cashback threads for example.

    • TFN is not mandatory to sign up, I didn't provide any debit card info either (nor was it requested)

      • Yeah I realise that now seems alot less sketchy

      • Will that hold back any payout if TFN not provided

  • Weird, one of my friends used my link, he got the 10 tesla claim but he isn't showing up on my referral list. Anyone else had this issue?

    • did u get the 20 free shares once he got his?

      • -1

        Maybe i am not sure…

        • go to menu and press my rewards if u got the shares its all good

          • @StarPlatinum: Nah not showing there

            • @shap08: ur friend might not have used ur link then

              • @StarPlatinum: Ill message the support

                • +1

                  @shap08: they're caching thing, so if ur friend already click other referral, then clicking yours doesn't matter, it'd be attributed to the first one he clicked. happened to me, can't do anything as the bonus already been given to other

                  • @hanofee: arh that explains it, he did do that.

  • I'm actually surprised the offer is getting more generous as opposed to moomoo whoses referrals have worsened over time. Reckon we should hold out for 2 weeks for even better or better not to look a gift horse in the eye and go now?

    • I mean Webull's offerings did get worse and worse as the year went on. This deal as it stands is better than any going back to March, way better than March in fact.

      There was circumstantial evidence for deals being better towards the end of the month but I don't know that I would bet on it.

      • Tried that strategy twice. Made no difference. In this offer, it's a standard allotment.

        The offer a few months ago of the $20/$40 trading credits was the best IMO.

        • Nah cos it was still a dice roll and the odds seems skewed to the minimum. I was lucky to get a $40 voucher among mine but still cleared less than AUD$190 per referral. Guaranteed AUD$200 is better.

          • @wavesgreen: I picked up a referral in that round, it was the 8+8 thing from memory, or maybe I got lucky from that extra.

            The trading vouchers were all in USD. I recall having USD 280 in vouchers and the remainder were in TSLA and AAPL fractions.

            • @Charlie Dont Surf: Wasn't it 3+5? Maybe you got a bonus for crossing a certain number of referrals? (Edit: Or are you thinking of Moomoo which was 16 shares/vouchers?)

              I got 5 trading vouchers; 4xUSD$20, 1xUSD$40.

  • How long does it take to get the free shares? I received a message in the app which says "congratulations! you have received reward" and it says to redeem within 30 days, when I click it the link says me to a blank page

    • You need to claim the rewards in My Rewards area, then it will take a bit for then to transfer. For me it is saying they'll be transferred in about 2-3 weeks all up.

  • Does anyone else know how long it takes for the funds to be withdrawable after selling the shares?

  • I've just signed up for this using the referral but I'm only getting 4 fractional shares :(
    Also just deposited $0.01, do I need to wait for the deposit to be cleared to get the remaining 6 fractional shares, how long will this take?
    And wait another 30 days, to get another 10 fractional sharea?

    • Seems the first bunch might be bonus. Need to wait 30 days for this offer.

    • Others reported 10 now… did you make sure the referral link advertised 20 shares? If so, try messaging support.

    • +1

      Maybe for some reason, it’s tracking with old referral? Like Op said, most of us updating to the new $200, but not sure if everyone did?

    • Contact customer support because it sounds like your sign-up didn't go through as this referral deal.

    • -1

      I've got the same issue. Let us know how you've solved it.

      • -1

        Customer support said I did not click on any link before applying. I did use Ozbargain random referral and clean browser. Fake promo.

        • Facing same issue here right now.

        • +1

          Update, called 1300 545 899 (onshore support), they found my friend's account, said the sign-up wasn't attributed to my link. Then said to send a screenshot of the text to my friend (of my link) to chat support on the app, who I've already been in contact with, to get both our shares manually allocated. Hoping for the best but not banking on it.

        • +1

          Final update, it worked! The chat agent linked our accounts yesterday evening and the rewards are now there.

  • I'm not seeing anything about receiving fractional shares in the My Bonus section?
    Can only see 'Commission free voucher' for under the Completed section.. Did I f up?

    • +1

      The fractional shares appeared after my deposit cleared.

    • Yes exactly my thoughts

  • Does anyone have any issues adding your referral link to Ozb?

  • "Participant has an existing or opens a new individual account via the inviter unique referral link within the Campaign period"

    I made an account a couple of months ago for a similar deal and then closed the account, would I still be be eligible if I made another account with the same details?

    • +2

      Probably not, but any harm in trying? You'll know early in the process. I'd use a different email, phone number and different piece of ID (if you make it that far) to maximise your chances. Report back and help the OzB 'community'.

  • I am new to share apps.
    managed my way through to create an account with referral links and all.
    I can not find my reward through website but managed to find and claim on the app.
    in my rewards folder - claimed all 10 shares.
    now they are moved to in transit folder and expected delivery date - 20/11/2023, is this normal?
    wait for 30 days for another 10 shares then i can sell it if i like - correct ?

    • +1

      Yep normal. Although I find delivery is usually quicker than the expected date.

  • Cheers guys! Successfully joined through random link, deposited and got first 10 TESLA shares in transit. 👍🏻
    But I've got a stupid question. Where on the app do you see your actual balance? Like the amount of money in your wallet or stocks/etfs you own (if I were to do trading)? I am on iOS.

    • +1

      Webull symbol bottom centre > Enter Trading Password

      • I can see my Assets now and Net account value. Thank you!

  • +1

    got my application approved 2 days ago and receive 10free TSLA shares only with 10c deposit. Hopefully some good random people can joined through my link😁😁

  • Are ya'll just signing up for the free Tesla shares or is it a decent enough broker to actually invest with?

    • Decent for US trading, but not the cheapest (brokerage + FX). I don't mind their app's UI, but other people have said they don't like it. Have not considered it for ASX. Most people have taken the money and run, or kept their shares on the platform.

      • Great thanks, I might do the same. Crikey the app looks like Temu, are these guys legit? lol

      • Do you know how to buy smart portfolio? I deposited enough AUD to buy USD 100 but not sure how. Do we need to exchange AUD to USD first? But on net account value I can toggle between AUD and USD already?

        • +1

          No, it's only showing the value, but if u want to buy US one, u need to convert it to become USD. Same when we sell this free Tesla, it becomes USD we need to convert it to AUD to withdraw. U can see your cash in the webull menu/cash management and select the currency on top screen. Their forex conversion is pretty decent

  • I started setup in the link on my browser on my phone and then finished the setup on the app since it was having trouble sending me a pin on the web. Seems to have missed out on the condition to get the referral successfully even though the original browser said it went through and to log in with the same phone no.

    Contacting support to see if they can help out.

    Update: They just said too bad so sad.

    Will try again with an e-mail instead perhaps.

    • Ugh that sucks.

      I have one referral from here that seems to be in limbo, registered but not approved. I'm pulling for that little guy!

    • Yeah, don't reuse that phone number again, if u want to retry

  • Anyone actually failed in uploading their driving license today? What else can we do? Referred 1 friend, he said the one he uploaded was rejected eventhough it’s clearly readable

    • usually if the address on credit files doesn't match the address he/she needs to input after adding drivers license; it fails.

  • sorry I'm late to the party, can't find the referral link, can someone help me please?

    • +1

      Click the grey box under description for random referral

      • Thanks! I was able to sign in. How do we add our referral link into the database?

  • Thanks OP, now can someone please explain to me how on earth I start trading?!

    • +2

      First deposit funds. If buying US shares, convert from AUD to USD in the app by clicking on the webull symbol, then transfers, then currency exchange.

      Go to watchlist, you can search for any shares of indexes you're interested in to add to your watchlist. Then click on the share or index you like then click Trade. I like to buy using a market order as you can buy a small fractional amount. Click the blue button to change the buy method from share to AUD/USD then you can buy only 5 dollars worth if you want. After buying, click the webull symbol then under Assets you can see the positions you have open.

      • do you know how to buy the smart portfolio ?
        its weird i have exchanged and now i have USD 100.
        after selecting the portfolio, it says minimum investment amount is US100, but estimated maximum is US90.90
        i cant buy USD100 because its over the maximum
        but if i enter USD90.90 it says i cant because its less than the minimum

        • +1

          Sorry I don't have experience with the smart portfolio. Hopefully someone familiar with it can help you out.

      • +1

        Thanks for your help - that should be enough to get me started!

  • So how do we find out the exact value of the shares when it actually reaches our account? I can't seem to find it anywhere (looking for future taxation purposes)

    Edit: Moreso what time we received them in our account

    • You can get an estimate by multiplying your proportional shares by the current share price. Your final value in AUD will depend on the share price and foreign exchange rates.

      eg 20x0.032=0.64
      0.64xUSD$219.27=USD$140.33

  • Thanks OP all signed up , deposited $1 and 10 shares are through

    • Enjoy. Heres hoping Tesla goes up a bit in the next week so we all can get a bit extra

  • Thanks to whoever used my referral, got the bonus :)

    • i got one from ozb but still on registered stage since 6/11 :( why register if not opening a/c

      • I had one that started in May and only completed it a few weeks ago

        • Wow. And you got this promo bonus 20 shares?

          • @lilkid28: yes. thats why… the whole thing is all about recruiting people nothing about share investing :D

          • @lilkid28: It was the previous promo for 15 or something shares but yes got the current (at the time) offer when they funded it rather than when they clicked it.

        • How do you see your referrals progress?
          I had a click but not sure if it got used

          OH just found the "My invites" button.
          The person who used mine had funding completed 8/8/23
          Wait, that was my wife. So the OZB click didn't register using my link. bugger

      • 6/11 is okay as there can be 1-3 business days for approval. I have one stuck on Registered since 31/10. I'm praying for that little guy.

      • I've one stuck on Registered since 5/11. Come on you can do it. 💪

      • Couldve been me, they wont accept my address, so im stuck in limbo, sorry if thats my referral :(

        • From memory, confirmation of address needs to be a statement dated within the past three months from a local council, bank etc. What have you submitted that is getting rejected?

          • @Charlie Dont Surf: All my mail has a PO box on it, i dont have mail delivery, just another rural issue 🤪

            • @ermintrude: Ah yes, tricky. Maybe get a bank statement from the bank with a street address on it? Some banks you can do this online, print it out and then change your address back.

  • My free shares have been stuck in transit for more than 5 days - this normal? Thx

    • +1

      yes, transit time is now 2 weeks (used to be a week). u can check the date in that transit tab (they sometimes released it earlier though, so read that as "the latest" u'd get it)

    • I received mine last night. So about 1 week.

      • Mine took 5 days.

      • Same, got some of mine already, I'm not that worried about 1 or 2 weeks anyway

      • +1

        same. wow i am a proud holder of usd 222.05 tesla shares

  • +1

    So anyone able to help with the tax implications and best way to go around it.

    Primarily how to find the price that you inherited at. Just off the confirmation statement? Where you need to basically match the amount of fractional shares to the value at the time you received them. Is there an easier way to do this.

    How to lodge the correct forms through webull for the states, do we need to if tesla doesn't pay dividends, W-8BEN is for dividends I think.

    Also does webull send data to the ATO during tax time automatically or do you need to add everything yourself?

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