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Investing - Theory, News & General • Webull 2% deposit / 3% ACAT transfer bonus?

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seems like they're responding to the Robinhood 3% IRA transfer bonus, got this email this morning
Dear Valued Clients:

Thank you for being a part of Webull! Enjoy commission-free trading on a wide range of assets, advanced charting tools, and real-time market data! Webull is revolutionizing the way individuals approach investing!

Check out this limited-time offer! Earn 2% cashback on deposits and 3% cashback from ACAT transfers made to your Margin Account between 2/21/2024 12:00 AM ET – 3/15/2024 11:59 PM ET!

You can participate in this promotion via both funding methods!

haven't looked too much into it but sounds like it's essentially a 3% bonus on transfers into taxable trading acct? essentially tripling Robinhood's 1% taxable transfer match
I posted the terms viewable from app, states acct must maintain at least the total transfer amount through Aug2025

I've used Webull as my 'play money' trading acct that's nearing 6 figures, but wouldn't mind transferring in all my individual stock positions in Vanguard for a couple grand free money, pretty much all long holds at this pt I don't do much actual trading

any thoughts on what else needs to be considered here?


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Statistics: Posted by EliteZags — Wed Feb 21, 2024 1:03 pm — Replies 0 — Views 40



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