Webull's Back with a Big Referral Bonus: 20 Free Stocks Per Friend

It's been a while since Webull ran a really solid referral promotion, but they just launched a new one that's worth a closer look. Starting July 22, 2026, you can earn 20 free fractional shares for every friend you bring on board, and the friend gets a nice bonus too. Here's what you need to know.

How the Referral Bonus Works

Webull is putting a big emphasis on referrals with this promotion. For each person you successfully refer, you get 20 free stocks. Each stock is worth anywhere from $3 to $300. You can do this up to 10 times, so that's a potential total of 200 free shares.

The person you refer doesn't walk away empty-handed either. After they open an account and deposit at least $100, they'll get 10 free stocks of their own, also valued between $3 and $300 each.

• Your bonus: 20 stocks per referral (min $60 total value based on past averages)
• Friend's bonus: 10 stocks after $100 deposit
• You can refer up to 10 people during the offer period

What Kind of Stocks Can You Expect?

The stocks are fractional shares, and their value varies. In my experience, you'll usually get a mix of lower- and mid-value stocks, with maybe one or two higher-value ones in the batch. The average total for 20 stocks tends to fall between $60 and $90. The most valuable single stock I've personally received was around $50.

If you refer someone in your household, the combined value can be even better. Between your 20 stocks and their 10, you're looking at a minimum combined value of about $90, and often more like $120–$130. Not bad for a $100 deposit.

Things to Watch Out For

A few important details. First, the person you refer must be at least 18 years old and a US resident with a valid Social Security or Tax ID number. They also can't have had a Webull account before under that SSN.

Also, you need to claim your rewards through the Webull mobile app within 30 days after they're issued. If you miss that window, the shares expire. So keep an eye on your app.

And remember: you need to have a Webull account yourself and have made a deposit to be eligible to refer others. If you don't have an account yet, you'll need to sign up first.

• Referee must be 18+ and a new Webull user
• Rewards must be claimed within 30 days via the app
• You need an active Webull account with a deposit to refer

Bottom Line

• Earn 20 free stocks per referral, up to 10 referrals
• Friend gets 10 free stocks after a $100 deposit
• Average value per 20 stocks is $60–$90 based on past promotions
• Offer runs through October 14, 2026

Common Questions