• expired
  • targeted

Transfer in & Maintain $5,000-$19,999 Worth of ASX Stocks & Get up to $400 in Trading Vouchers @ Webull App (Activation Req.)

690
Transfer in & Maintain $5,000-$19,999 Worth of ASX Stocks & Get up to $400 in Trading Vouchers @ Webull App (Activation Req.)
Go to Deal
machej on 25/02/2024 - 23:15 webull.com.au (1582 clicks)
Last edited 26/02/2024 - 12:55 by 1 other user

https://files.ozbargain.com.au/upload/11451/110750/webulloff…
Also, transfer in $20,000 worth of ASX Stocks & get up to $1,600 in trading vouchers.

Webull brokerage: $55 per stock.

Important points from T&Cs

The campaign is open to target clients of the public. Activation required.

The participants will receive A$100 in trading vouchers (A$400 in trading vouchers with $20,000+ ASX stock transferred) 4 times when their total transfer amount is maintained at 11:59pm on 31/3/2025 SYD time. Distribution dates: 10/7/2024, 10/10/2024, 10/1/2025, 10/4/2025.

Now I'm not going to profess that there is ANY safety whatsoever with this deal. They claim to have insurance coverage and they are an ASIC regulated entity but in reality we'll never know until something goes wrong.

What I will say however is I've participated in previous promotions and made over $2500 AUD in bonuses from them so as long as you click the participate link on the offer page and follow the terms they generally do give you what is promised.

This might be a targeted offer for users with no ASX stocks, please confirm in the comments if you can't see it.

T&Cs apply but I couldn't copy them from the app so you might need to check in the promotions centre. The biggest drawback I saw of this is that the rewards are paid in quarterly tranches in the form of trading vouchers so in other words you need to buy a stock and then redeem the voucher. This will in turn give you the cash back on your share purchase once the trade settles.

Referral Links

Referral: random (1177)

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.

Financial Investment Share Trading

Related Stores

Webull
Webull

closed Comments

  • Robin2012 on 25/02/2024 - 23:24
    +1

    targeted

    • Look Up on 27/02/2024 - 13:44
      -1

      Very well targeted

      Webull is owned by Hunan Fumi Information Technology, a Chinese holding company that has received backing from:
      Wang Anquan
      Xiaomi
      Shunwei Capital
      Hongdao Capital
      Bojiang Capital
      Gopher Asset Management

  • Sheng on 25/02/2024 - 23:25

    Previous held ASX but liquidated start of month as such have no ASX holdings as of comment in we bull. I did receive this promotion however.

  • Reveen on 25/02/2024 - 23:33
    +3

    I've never held ASX stocks on WeBull and received this offer.

    • KH234 on 25/02/2024 - 23:43
      -2

      Anyone transferred from hellostake? Any fees involved for transfer the stock from current provider

  • Rakibul on 25/02/2024 - 23:44
    +4

    From what i recall, they are chess sponsored

    • machej on 25/02/2024 - 23:56
      +4

      Appears to be correct, they operate under Finclear like Stake. Maybe not as risky as I initially thought, I assumed it was under an omnibus HIN like Superhero.

    • afayd on 25/02/2024 - 23:56

      Which means?

      • machej on 25/02/2024 - 23:59
        +5

        They are not operating under a custodial model for ASX shares so if Webull goes bust or closes their Australian entity it may be an administration hassle but at least you can move your shares to another broker in Australia.

    • Tleyx on 26/02/2024 - 09:41

      You cant transfer without chess.

      • Newgod on 26/02/2024 - 17:47
        +1

        Not sure if this is correct as I could transfer from Superhero (non chess) to Stake

      • Sgav89 on 26/02/2024 - 18:38
        +1

        Yes you can.

        Stake to Superhero and back again I have done.

        CHESS helps with ATO auto prefill, that's about it.

        • ponchoau on 27/02/2024 - 17:49

          Not if the company goes bust, disappears or simply doesn’t want to support that. CHESS means the shares are registered to you regardless of the broker.

          • Sgav89 on 28/02/2024 - 18:10
            +1

            @ponchoau: You're raising a point that isn't relevant to this conversation. The question was whether you can transfer without Chess. The answer is yes.

            • ponchoau on 28/02/2024 - 18:11

              @Sgav89: Great point. Thanks for pointing that out.

  • Reveen on 26/02/2024 - 00:02
    +5

    Terms and Conditions

    1. Introduction

    1.1 Overview
    Before you participate in our Transfer Campaign' (the 'Campaign') these Terms and Conditions must be read and understood in full before investing.

    Webull Securities (Australia) Pty Ltd (Webull Australia') is a financial services firm licensed and regulated by the Australian Securities and Investments Commission and is a Trading Participant of the ASX and Cboe. When we execute US securities on your behalf, we use other regulated related entities in the Webull Group.

    By participating in this Campaign, each Participant is deemed to have read, understood, and agree to be bounded by the following terms and conditions that apply to this Campaign and the terms and conditions of any other agreement(s) that you may have entered into with Webull Australia.

    In order to participate in this campaign, the below terms and conditions must be adhered to accordingly:

    1.2 Definitions

    For the Transfer Campaign Terms and Conditions, the following definitions apply:
    Campaign Period: means the duration in which the Campaign is active, as may be amended by Webull Australia from time to time.
    • Participants: means a person who has opened a client account with Webull Australia but as vet has not funded their account, meets all applicable requirements for the Campaign and participates in the Campaign.
    • Total Transfer Amount: 120% of accumulated initial transferred-in AU stocks minus the accumulated total withdrawal and transferred out amount from 7:00 pm on 23 February 2024 - 11.59 pm 31 March 2025 Local Sydney time, capital gains & losses are excluded.
    • Transfer Rewards: Refers to rewards at section TBA obtained by participants after meeting the campaign's terms and conditions. All transfer rewards are limited to one-time claims.
    Australian Securities means Australian shares, ETFs and Exchanged Traded Options, US shares Exchange Traded Funds (ETFs), and ETOs.

    1.3 The Campaign Period

    The Campaign will run from: • 7:00 pm on 23 February 2024, to 6:59 pm on 29 March 2024, local Sydney time.

    1.4 Campaign Eligibility

    This Campaign is open to target clients of the Australian public and applicable to persons who:
    • Are 18 years of age trading account with Webull.
    • Are Australian residents who receive the promotion information through e-mail or push notification messages via the App.
    • Webull employees, representatives and agents are not eligible for this Campaign.
    • Unless othervwise stated, Participants of this Campaign may also concurrently take part in other campaigns and promotions organised by Webull Australia.

    1.5 What the Campaign Entails

    Participants in this Campaign must meet the following requirements to qualify to participate in these rewardprogrammes:

    The following conditions apply to this Programme:
    • Participant has an existing or opens a new individual account with us.
    • Tap on the "Participate Now button on the Campaign landing page in the Webull App within the Campaign Period. Participants will not receive any rewards if they make the required trades but do not tap on 'Participate Now.
    • Participants make an initial transfer of AUD$5,000 or more worth of Australian Shares and successfully arrive in the Participant's Webull Australia individual account at one time within the Campaign period.
    • The value of transferred-in Australian shares is determined by the previous day's market closing price from the date that participants submit the transferred-in Australian shares. Due to stock price fluctuations, Webull allows for a 20% buffer in the valuation for the accumulated transferred-in stocks. Upon completing all mandatory conditions outlined above, the Participant must meet the following requirements to qualify to participate in these reward programmes:

    Reward 1: AUD$400 in Australian Securities Trading Vouchers
    • The participants must maintain their Total Transfer Amount of AUD$5,000 -$19,999 until 11:59 pm on 31 March 2025 to get AUD$400 in Australian Securities Trading Vouchers.
    • The participants will receive AUD$100 in trading vouchers four times when their Total Transfer Amount is maintained at 11:59 pm on 31 March 2025 Local Sydney time, the issuance batches of trading vouchers are as follows:

    Total Transfer Amount Rewards Distribution Dates (Local Sydney time)
    AUD$5,000 - AUD$19,999 AUD$100 10 July 2024
    AUD$100 10 October 2024
    AUD$100 10 January 2025
    AUD$100 10 April 2025

    Reward 2: AUD$1,600 in Australian Securities Trading Vouchers
    • The participants must maintain their Total Transfer Amount of AUD$20,000 or more until 11:59 pm on 31 March 2025 to get AUD$1,600 in Australian Securities Trading Vouchers
    • The participants will receive AUD$400 in trading vouchers four times when their Total Transfer Amount is maintained at 11:59 pm on 31 March 2025 Local Sydney time, the issuance batches of trading vouchers are as follows:

    Total Transfer Amount Rewards Distribution Dates (Local Sydney time)
    AUD$20,000 or more AUD$400 |10 July 2024
    AUD$400 10 October 2024
    AUD$400 10 January 2025
    AUD$400 10 April 2025

    • If the participant's Total Transfer Amount is below the lower limit of AUD$20,000 due to withdrawals or transfers out before 31 March 2025, the campaign reward will be considered invalid, and the participants will not receive all subsequent rewards.
    • All the rewards are limited to one redemption per new account, with no more than one account registered per person.
    • If the Participant's Webull Australia account shows any sign of fraud including providing falsified information/documentation which is an abuse of our conditions contained in our Client Standard Agreement, or suspicious activity, Webull Australia reserves the right, in its sole discretion, to forfeit any rewards claimed via our Campaigns and limit your opportunity to participate in future promotions of our firm.
    • Should Webull Australia have to return to you funds due to untoward behaviour the account holder will be responsible for covering all associated fees incurred with the return of those funds. Webull Australia reserves the right not to remit the funds back to the account holder in order to cover transactional costs.

    1.6 Sharing the Referral Link

    Webull Australia allows Inviters and Invitees of our Campaigns to share their unique referral links on social media platforms however, it is the sole responsibility of the Inviter and Invitee to do this in a responsible manner (no prohibited inducement). We are not responsible for any potential adverse action by any third-party or a third-party platform where you may have shared your unique referral link.

    1.7 Multiple Referrals

    A person who has been referred (Invitee) is permitted to use one referral link only. If an Invitee receives a number of referral links from multiple Webull existing clients, it is the referral link that is used by the Invitee to sign up to Webull that is counted towards receiving a Referral Reward.

    1.8 Redemption of Rewards

    The Participant will be notified by Webull Australia they have vouchers to redeem which can be claimed by clicking 'Menu' - 'My Rewards' on the Webull Australia App using their individual Webull Australia account login details.
    After receiving the reward, the redemption is valid for 30 days, and only Australian Securities buy transactions within 30 days after the redemption is accepted. Failure to do so within this period, in the reward will expire and cannot be re-instated.
    • One Trading Voucher can only be redeemed for one order only. Once the order is selected and the redemption is confirmed, these actions will be regarded as final, and the redemption will be executed accordingly. Once confirmed, the redemption cannot be cancelled.
    • Upon redemption, the value of the Trading Voucher or Trade Value, whichever is lower, will be credited into the corresponding Webull brokerage account within 15 business days.
    a) For example, if the selected order's Trade Value is AUD$20 and the Trading Voucher's value is AUD$100. The amount credited is AUD$20.
    b) For example, if the selected order's Trade Value is AUD$200 and the Trading Voucher's value is AUD$10. The amount credited is AUD$10.
    The rewards received through this Campaign do not constitute as an investment invitation, inducement, recommendation, suggestion, solicitation, or advice. Clients can continue to hold or sell the shares at their own will.
    • Webull Australia reserves the right to change the offer terms or terminate the activity at any time without notice.
    The rewards are limited to one redemption per account, with no more than one account registered per person. If your Webull Australia account shows any sign of fraud, abuse, or suspicious activity, Webull Australia reserves the right, in its sole discretion, to forfeit your stock rewards and limit your chance to participate in future promotions. This includes activities such as using multiple accounts to receive multiple rewards and immediate account closing upon receiving the rewards. This includes activities such as using multiple accounts to receive multiple rewards and immediate account closing upon receiving the rewards.

    1.9 Indemnities

    The following indemnities apply to these Campaigns:
    • If the Participant's Webull Australia account shows any sign of fraud including providing falsified information/documentation abuse of the Client Standard Agreement, or suspicious activity, Webull Australia reserves the right, in its sole discretion, to forfeit any rewards claimed via our Campaigns and limit your opportunity to participate in future promotions of our firm.
    • The account holder will be responsible for covering all associated fees incurred with the return of those funds. Webull reserves the right not to remit the funds back to the account holder in order to cover transactional costs.
    • Webull prohibits paying an Invitee to use a referral link and any Invitee selling on their referral link to others to gain referrals (e.g. advertising on online platforms to sell the referral link). The activity potentially violates ASIC guidelines and may mislead the use of financial products. In the case of any such activity being identified, Webull reserves the right to terminate the Participant's account, disqualify them from future promotion campaigns, and report them accordingly to ASIC.
    • Pending or cancelled trades within the Campaign period are not included in this Campaign.
    • This Campaign is not a recommendation, any Reward including shares, fractional or otherwise, which are received via this Campaign does not constitute as an invitation, inducement, recommendation, suggestion, or solicitation to invest.
    This Campaign is not financial advice. For the avoidance of doubt, Webull Australia is not providing personal financial product advice via this Campaign, and users can continue to hold or sell the Reward at their own discretion. Any proceeds from the sale of the Reward can also be used to purchase other shares.
    • Force Majeure: Webull Australia cannot guarantee or be responsible for any Reward whose distribution may no longer be possible due to factors beyond our control, i.e., force majeure factors. Non-exhaustive examples include:
    * Suspension of the security from the exchange.
    * Delisting of the security from the exchange; or
    * The security failing to list on the exchange.
    • Right to amend/terminate: Webull Australia reserves the right to terminate or amend the terms of the Campaign at any time without notice, including the right to change the Reward. Webull Australia reserves the final decision with respect to any Reward, including a change of the value.
    • Although Webull Australia shall endeavour to distribute the Reward promptly, this is subject to availability and accordingly, Webull Australia shall not be responsible for any delays whatsoever, nor shall there be any compensation payable in respect of any such delays.

    1.10 Additional Terms

    The following additional terms apply to these Campaigns:
    • These Terms and Conditions form part of the Standard Client Agreement (the 'Agreement) with Webull Securities (Australia) Pty. Ltd. (ABN: 51 654 849 457), a private limited company incorporated under the law of New South Wales, having its registered address at Level 14, 1 Castlereagh Street, Sydney. Webull Securities (Australia) Pty. Ltd. is an Australian Financial Services Licence holder (No. 536980) under the Corporations Act 2001, licensed and regulated by the Australian Securities and Investments Commission.
    • The content presented in the Webull Australia App may contain advertisements. however, it should not be construed as investment advice or recommendation, nor as an offer or solicitation, to deal in any investment product.
    • Independent Assessment of Risk: Al investors should independently consider if the relevant investment products are suitable for their own risk appetite. If they are uncertain of the investment products suitable for them, Investors are advised to seek advice from a professional financial adviser.
    • Past Performance not Indicative: Past performance of any investment product is not indicative of future performance. The value of the investment products and the income from them may fluctuate periodically. Investing contains risks and investors may lose all their investments.
    • Webull Australia's decision on all matters relating to this Campaign will be at its discretion and will be final and binding on all Participants.
    • Right to Terminate: Webull reserves the right to terminate or cancel a party's participation in this Campaigns if they are suspected to or are found to have used inappropriate methods to acquire rewards. Non-exhaustive examples include:
    * Unintended stock claim conducts.
    * Fabrication or submission of false data.
    * Exploiting a bug in the system.
    • 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.
    • Dispute Resolution: Webull Australia reserves the right to resolve any disputes incurred.
    • The decision of Webull Australia on all matters relating to or arising from this Campaign (including the eligibility of any trade to be considered within the scope of this Campaign and the eligibility of any person to participate in this Campaign) is absolute, final, and binding and no correspondence and/or requests to retract and/or to modify any such decisions shall be considered. In the event of any inconsistency between these terms and conditions and any marketing material relating to this Campaign, these Terms and Conditions shall prevail.
    • Webull Australia, its affiliates, its and their respective employees, directors, officers, representatives, and agents shall not be liable to any person for any loss, damage, injury, costs, or expenses incurred, suffered, borne, or arising from this Campaign.
    • These Terms and Conditions are governed by and interpreted according to the laws of Australia and the Participants in this Campaign agree to submit to the jurisdiction of the courts of Australia.
    • Exclusion Of Third-Party Rights: Except as otherwise expressly provided, no person who is not a party to this Agreement shall be entitled to enforce any terms of this Agreement.
    • English Version Shall Prevail: The advertisement or Campaign content may be translated into other languages. This English version shall be referred to where such a translation is made. Should there be any discrepancies between the English version and any version of the content in another language, the English version shall prevail.

    • ChaseTheSun on 26/02/2024 - 00:30
      +10

      Longest comment ever!?

    • Reveen on 26/02/2024 - 00:53
      +12

      I OCRed the terms and conditions above since the OP correctly pointed out they are only available on the app which doesn't allow for copy and pasting of text:

      T&Cs apply but I couldn't copy them from the app so you might need to check in the promotions centre.

      You're very welcome neggers.

    • wangasm on 26/02/2024 - 01:21
      +2

      Important part

      • The participants must maintain their Total Transfer
      Amount of AUD$5,000 -$19,999 until 11:59 pm on 31
      March 2025 to get AUD$400 in Australian Securities
      Trading Vouchers.

      At any time you transfer out/withdraw below the original net amount, you lose the remainder of the quarterly rewards going forward. Unsure if this includes selling the shares.

      • Autonomic on 27/02/2024 - 12:51

        • Total Transfer Amount: 120% of accumulated initial transferred-in AU stocks minus the accumulated total withdrawal and transferred out amount from 7:00 pm on 23 February 2024 - 11.59 pm 31 March 2025 Local Sydney time, capital gains & losses are excluded.

        I think it's 120% of whatever you transfer in. If you transfer out or sell AND withdraw then you are not eligible. If cap gains/losses are excluded then it also follows that if your stock drops to below $20k you'll still get the reward (as long as it wasn't the first day you traded it in).

    • Mechanical on 26/02/2024 - 07:44
      -1

      only comment which nobody reads and try to scroll it fast to check the replies :)

  • tunzafun001 on 26/02/2024 - 00:48

    How does this go with the ATO? Is a Cashback just like a refinance? Since you buy the shares, I guess this gives you a cost base for future CGT sales events. The Cashback is just a bonus?

    • machej on 26/02/2024 - 00:50
      +2

      Best to seek financial advice but I did find the ATO talking about similar things on their forums here: https://community.ato.gov.au/s/question/a0J9s000000RPnp/p002…

      • tunzafun001 on 26/02/2024 - 01:09
        +1

        That's an odd reply from "Deb". This response implies that if you sell the shares at their cost value, no CGT event occurs.
        Ie. Buy 400 $1 shares. Get $400 vouchers. Then immediately dump them on market at the same price. No tax payable. Good reference link to keep.
        Reality though.. no one will report the voucher.

        • machej on 26/02/2024 - 01:15
          +1

          I agree, it's an odd response but the other question is does the ATO acknowledge comments of confusion that they're responsible for? Unfortunately they're in the position of power to hold a gun to people's head.

          • Reveen on 26/02/2024 - 01:25
            +4

            @machej: No, they don't, as you can't hold them to the responses given online or over the phone. If a taxpayer is after a concrete answer they must apply for a private ruling.

  • eecchhoo on 26/02/2024 - 00:53

    This would include ETFs? As it’s long term investment I think I won’t touch it for another year. So 4x payments would be ok

    • Reveen on 26/02/2024 - 00:55
      +1

      It's mentioned in the terms and conditions I posted above.

  • frugalftw on 26/02/2024 - 01:17
    -1

    Interesting. Been wanting to get out of moomoo because they really (profanity) me over on the Arcadium lithium merger. They only gave me the stock a week ago after my asking them to pay for interest and loss in value. The merger finished 4/1/24 and price has been dropping nonstop of course. I like the ui but too costly, it appears.

    • SydBoy on 26/02/2024 - 02:48

      Webull use HIN for Australian stocks unlike moomoo which I believe uses custodian model.

  • bidam1 on 26/02/2024 - 01:30
    +2

    lol this is kind of an absurd deal.. you're getting a guaranteed 8% ROI if you put in 20k… Makes sense to just buy 20k worth of whatever ETF and let it sit in there until next year

    • Castcore on 26/02/2024 - 02:17
      +1

      Yeah seems pretty worth it, but I really like stake atm and don't want to mess with my average prices…hmm

      • SydBoy on 26/02/2024 - 02:43

        Webull far superior then stake ASX in terms of fast execution of order and you don't need to pay for market depth data for Australian stocks.

        Also, you get interest on the funds sitting ideal in your account unlike stake that doesn't give any interest on your funds and charge you to see market depth… !

        Try webull desktop app and you get lots of stock related financial details as well as stock screener that you don't get stake ASX…. !

        They also provide better and advance chart far superior then stake.

        I use both platform as o have free stake referral trades but once I finish them then move to webull.

        • Charlie Dont Surf on 26/02/2024 - 13:38

          You forgot this.

          For most ASX trades:
          Stake $3 (and can be reduced via referrals),
          Webull $4.90

          • SydBoy on 26/02/2024 - 15:00

            @Charlie Dont Surf: Stake referral is limited to 10 trade per month but if you get $1600 worth voucher through this deal and any on going referral then imagine how many free trade you get ?

            Also, webull gives interest on the spare cash sitting in your account so most time for me interest earned through webull covers trading cost…!

            So $2 extra without monthly or annual fees stake charges you to look at market depth is ridiculous cheap or almost free if you get referral.

            • Charlie Dont Surf on 26/02/2024 - 15:12

              @SydBoy: I don't pay any monthly/annual fees on Stake. And I don't keep cash on a trading platform, so get no benefit there.

              Everyone's situation will be different. I have accounts on Stake (ASX) and Webull (USA) so have no bias for one over the other. I will probably get involved in this promo but am unlikely to make a permanent shift.

              Personally I think Webull's desktop program is a bit messy. I like the app though.

              • SydBoy on 26/02/2024 - 15:58

                @Charlie Dont Surf: I agree, stake monthly/ annual fee is only for those who wish to see market depth and sell data but webull provide that for free.

                Also stake doesn't give any details about company finances which webull provides. so while stake is $2 cheap, I go with webull as it provides better value particularly they pay interest on cash sitting in your account and for USD their interest is above 5% which is decent compared to what you get in the bank as well.

                Also, agree that their desktop app for webull Australia (which is different to US webull app) is bit legging when it comes to features that you see on US webull app but they are working on it to get all features available here as well.

                I have stake referral bonus so i use first 10 trade with stake and then to webull and use webull referral so basically pays nothing for trading and get everything free … have i stayed with stake then i will be paying them $2 !

                • Charlie Dont Surf on 26/02/2024 - 17:41

                  @SydBoy: Looks like I haven't been targeted for this promotion anyway! Nor was I picked for the other transfer/deposit promos recently. Wonder why I'm getting the snub?

                  • SydBoy on 26/02/2024 - 18:46

                    @Charlie Dont Surf: People here get about $2000 + reward for referrals but I only got once for about $475 AUD….! So hopefully you get your chance next time ..,!

                    Also, make sure you update your referral link on Ozbargain as webull change it all the time.

                    I just transferred one of my longest possible holding from stake to webull and if all goes well then get roughly $1600 worth voucher which will last around 300 + trades at no cost… !

                    Hope webull starts options for ASX as well… !

                    They told me that they are working on implementing more options inbuilt strategies which will be helpful as well… !

                    • KH234 on 27/02/2024 - 13:50
                      +2

                      @SydBoy: Hi @SydBoy Just a question, When you transfer from Stake to webull, is there any fees involved in both ends? Webull confirmed that there is no incoming transfer fees but not sure with stake. Pls confirm if you have info.

                      • Charlie Dont Surf on 27/02/2024 - 14:22
                        +1

                        @KH234: I have (very) recently transferred ASX stocks out of Stake. There were no fees.

                      • SydBoy on 27/02/2024 - 14:57

                        @KH234: I just transferred one stock from stake to webull and stake didn't charge me… !!!

                • Charlie Dont Surf on 15/03/2024 - 12:03

                  @SydBoy: I've completed my transfers into Webull, so I've had more reason to use the desktop program recently. It's so gross! Tiger Trade's desktop program is miles ahead of it.

                  • SydBoy on 15/03/2024 - 13:03

                    @Charlie Dont Surf: interesting, I actually was thinking about to check out tiger trade but their brokerage is high then webull.. !!

                    they have minimum $2 USD for US Stocks, $3 USD for US Options and Australian stock it is $5.5 AUD…. minimum.

                    In addition, webull gives interest on your cash and it has2% for AUD and 5% for USD… now I know tiger is running promo for interest but it is limited fo 150 days so decided not to use them.

                    I currently have free trade with stake for 10 trade per month and by june i will get same from webull reward as they will release first $400 worth vouchers .. !! once i run out of all free trade then i try something else…! i am intending to collect all $1600 worth trading voucher by not selling my bank stock that i holder for many years … !

                    • Charlie Dont Surf on 15/03/2024 - 13:46

                      @SydBoy: I have a very small presence on Tiger, I just use them for their promotions. They had a transfer-in promotion recently which is okay ($A100 vouchers for transferring in $1000 of ASX stocks for 90 days). And usually every month they have an Auto-Invest promotion which gives a small $US5 rebate for a $5 investment (so essentially "free'). I just buy a tiny fraction of my favourite US stock each time - I have accumulated 0.35 of a META just from doing this haha. Not sure what their welcome rewards/referral bonuses are at the moment - not as generous as Webull - but use a referral code if you do join!

      • Charlie Dont Surf on 26/02/2024 - 13:34

        When you say 'average prices', do you mean your average cost price for a stock, for the purpose of seeing your stock's gain/loss? I haven't done a transfer into Webull, but have done it to others, and it is normal for there to be a column where you enter the average cost price you paid for the stock you're transferring across.

  • Castcore on 26/02/2024 - 02:14

    Hmm what happens if the value of your stock drops below these limits?

    • machej on 26/02/2024 - 02:26

      Likely is fine providing you don't withdraw funds or transfer stocks out in the same time period.

    • wangasm on 26/02/2024 - 09:09
      +2

      From above

      • The value of transferred-in Australian shares is
      determined by the previous day's market closing price from the date that participants submit the transferred-in Australian shares. Due to stock price fluctuations, Webull allows for a 20% buffer in the valuation for the accumulated transferred-in stocks.

      The 20% buffer seems fairly low over a year though

      • Autonomic on 08/03/2024 - 11:25
        +3

        I asked them about this. Seems like it's fine as long as it doesn't drop more than 20% in the first day, not for the year:

        Thank you for reaching out.

        The value of transferred-in Australian shares is determined by the previous day's market closing price from the date that Participants submit the transferred-in Australian shares. Due to stock price fluctuations, Webull allows for a 20% buffer in the valuation for the accumulated transferred-in stocks.

        If it is not because of transfer out or withdrawals, it will be fine if the share value drops below AUD 20000 to get the AUD 1600 reward. I hope it is clear.

        Sincerely,
        Mia
        Webull eService Representative

        • wangasm on 08/03/2024 - 11:44

          Makes sense, thanks for checking

  • SydBoy on 26/02/2024 - 02:41

    Webull uses HIN number so your ASX stock safer with webull then with superhero or interactive broker or other broker that doesn't provide HIN for Australian shares.

    Also, I have traded using this platform now particularly desktop app and it is super smooth and fast platform to use.

    Also, I have received past referral bonus without trouble and no issues in converting and withdrawal of those funds.

    Also, fund transfer from your bank account to webull is instant with payto and much faster than stake ASX….in my case. Same withdrawal of small AUD is complete within same day in few hours.

    If you have funds in your webull account then you also earn interest in your AUD and USD that you have in your account same level like big brokers.

    Also, this deal is not targeted as I have ASX stock and I still get it.

    • yontk on 26/02/2024 - 15:58

      I use Interactive brokers currently so no HIN. How can I transfer if that is the case?

      • SydBoy on 26/02/2024 - 16:02

        are you talking about US or Australian shares ?

        No one provides HIN for US stocks as US market doesn't work with HIN it is only for Australian stocks.

        If you are talking about Australian stocks then make sure to click on the link above in the post so someone get your referral and then open account and once your webull account is opened then in their mobile app you can do transfer of portfolio but before that make sure you click on "participate now" button in your mobile app and then initiate portfolio transfer.

        stake help is also good so once you open account then the will help you as well through online chat.

        • yontk on 26/02/2024 - 17:18
          +1

          Thanks the process was very straightforward!

  • wavesgreen on 26/02/2024 - 02:50

    I don't hold any ASX stocks on my Webull account and never have, and I got this promo.

  • haylazf16 on 26/02/2024 - 03:00
    +1

    Can I still take advantage of this deal, if just move my shares from comsec as it is or need to transfer $s and purchase shares in the platform?

    • SydBoy on 26/02/2024 - 07:23

      Deal is about transferring shares so you transfer from CBA to webull.

      If you have stake then buy on stake and transfer shares… As commsuck will charge high brokerage

      • Ozfanmel on 26/02/2024 - 08:35

        Will stake charge anything moving out ?

        • SydBoy on 26/02/2024 - 11:03

          They didn't charge me anything when I moved from stake to commsuck …! It was a year+ ago when webull wasn't around…!!

  • truffleonlydiet on 26/02/2024 - 07:58

    Good deal but not for me. This returns ~8% (1.6k of 20k) and you have to deal with the hassle and fees of transferring. There is also downside risk of the actual investment.

    If you have a mortgage (e.g. costing ~6.00% interest) it's simpler to just keep the 20k parked there.

    You could probably make a few hundred net profit if everything goes correctly, so the reward is there if you work for it.

    • ihbh on 26/02/2024 - 08:13
      -1

      You write as if you are getting cash. You are getting trading vouchers. I don't think you can convert them to cash.

      • truffleonlydiet on 26/02/2024 - 08:16
        +1

        My understanding is that the trading vouchers kind of work like cashback for share purchases. So you'd use your trading voucher, buy stock, sell stock, withdraw in a few business days for cash.

        Too much hassle for me but I do think you can convert them for cash if you are prepared to

        • ihbh on 26/02/2024 - 09:43

          So you'd use your trading voucher, buy stock, sell stock, withdraw in a few business days for cash

          I didn't realise you could do this: So you'd use your trading voucher, withdraw in a few business days for cash

          Or do you need the in between bits: buy stock, sell stock (e.g. trading cost is $5, but you can withdraw $100 of the trading vouchers worth)?

    • virtualds on 26/02/2024 - 08:39

      I don't think there will be any fees to transfer ASX shares across platforms.

    • SydBoy on 26/02/2024 - 11:05

      This is good deal who already have investment sitting in another broker or those going to invest in stock…!

      If you have mortgage then keep money in offset account no need to open trading account… !

  • ruztynail on 26/02/2024 - 08:17

    I know allot of americans are using this platform to trade options.

  • Thimble on 26/02/2024 - 08:19

    Is this offer available for new sign ups? I recently closed my webull account.

  • Shadowsfury on 26/02/2024 - 08:52

    Dang I literally have one ASX stock in here which is only due to wanting to make a trade to hit the $200 referral bonus

    No email for me

    • Aureus on 26/02/2024 - 10:09

      Don't need an email, just need to show up in Promotion Centre in app.

  • Autonomic on 26/02/2024 - 09:48
    +4

    I signed up for their AAPL share promo and received my $2k in AAPL shares fine. I was actually a few $ short ($15 or so) of their $50k net deposit as I withdrew some referral bonuses during the period without thinking. I pleaded my case via support ticket and they gave me the full bonus.

    I didn't receive an email but the promo showed up on my promotions page after tapping into it (didn't appear on the preview page).

  • yontk on 26/02/2024 - 09:58

    To see this deal do I already need to have an account and download the app?

    When transferring Australian Stocks to them do I need to keep a record of the price at transfer and would that be considered a Sell event under ATO (So i would be eligible for CGT if sold/transferred for profit?)

    • Aureus on 26/02/2024 - 10:07

      Yeah you need the app.

      Transferring stock isn't selling, so no cgt until you sell.

      • yontk on 26/02/2024 - 12:55

        Got the app.. multiple offers coming up such as the one in this post but also the deposit 10k get A1.2k.

        Can all these be stacked?

        so transfer A$20k get A$1.6k
        deposit A$10k get A$1.2k

        9.33% return sounds like a good deal

        • eecchhoo on 26/02/2024 - 12:58

          I only have deposit $10k get $800 trading vouchers … you are lucky

        • Aureus on 26/02/2024 - 13:12

          Dunno. I would assume so.

          Pretty lucky to get both deals.

        • eecchhoo on 03/03/2024 - 22:01

          The offer just appeared on my account 10k for 1.2k vouchers

  • FeZZa21 on 26/02/2024 - 10:09

    I'm currently on their "deposit 20k and get $2k" promo, first $500 drop will be in April and other $500 every 3 months after that

  • crentist on 26/02/2024 - 10:57
    +1

    Do we have to go through the promo link or the referral?
    They seem to point to different offers

  • maxicrewed on 26/02/2024 - 13:00

    Is the brokerage fee for asx stocks by webull: $0.0003 x Trade Value (Min. $ 4.90)

    The post says: Webull brokerage: $55 per stock.

    • Ozfanmel on 26/02/2024 - 13:45
      +2

      My understanding is $55 per stock fess is when you transfer stock into other person name.

      • Newgod on 26/02/2024 - 15:10

        So it’s always free to transfer under the same name regardless of brokers?

  • Newgod on 26/02/2024 - 15:09

    What is the latest date of transfer to get the maximum voucher? If the first drop is in July, does it mean one needs to finalise by July?

    • Newgod on 26/02/2024 - 17:52
      +1

      CS confirmed it should be earlier than campaign deadline: 29/3/2024

  • jrt2020 on 26/02/2024 - 17:20
    -1

    Beware
    By trading voucher they mean it includes F&O credits
    So if you don’t do options these vouchers are useless

    • Newgod on 26/02/2024 - 17:32
      +3

      CS confirmed with me this voucher can be used for ASX stocks and ETFs

  • rokufan on 27/02/2024 - 00:39
    +1

    Excellent, OP! I didn't get an email but it is in the app. Got $2000 in Apple shares from the last Webull promo. https://www.ozbargain.com.au/node/803102

  • twodollah on 27/02/2024 - 16:09

    Anyone not have the option of transferring stocks under Transfers?

    • Ultramup on 28/02/2024 - 10:51
      +1

      Have you registered for an ASX trading account? Once you do that go to your assets and slide across to transfers and you should see the portfolio transfer option.

      The promo is a bit wierd the link directs you somewhere else

      • twodollah on 28/02/2024 - 16:34

        Yep that was it. Thanks!

  • Gyr on 29/02/2024 - 11:22

    The offer didn't show up in the "promotion center" scrolling window but showed when I clicked into the promotion center. So if you don't see the offer, try clicking into promotion center or check in your messages for "Webull Promotions".

    I posted a now deleted comment saying that the offer disappears if you deposit cash but that was incorrect.

  • a1234my on 29/02/2024 - 21:20

    Check previously Nothing at promo centre.
    Show up today.

    Is trading voucher only use as fee on trading or as cash to trade? Ie use $400 trading voucher to pay for stock.

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