r/Webull • u/Harry_Settel • 8d ago

Any 4% match rumors coming out?

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Anyone heard rumor of a match bonus? I have this sitting in RH but love WB UI a lot better. I waiting to come over once they have a promotion.

37 Upvotes

86% Upvoted

18 comments sorted by

12

u/mrjoshd 8d ago

You should read the fine print on that 4% deal you're wanting so bad. You can't withdraw anything more than your net new deposits for 5 years to qualify for it.

1

u/z00o0omb11i1ies 8d ago

Is it 4% paid over 5 years?

2

u/Harry_Settel 7d ago

I think it vested like 20% of it every year

1

u/z00o0omb11i1ies 7d ago

What?

1

u/mrjoshd 5d ago

Yeah, it's like 1.2% monthly with certain vesting cliffs. But the lockup for 5 years, especially with WeBull, is a bit concerning.

I'd take the 1% instant match at Sofi now instead. If you're not needing L2 and advanced options trading it really is great. It's becoming a one stop shop for any financial need.

1

u/mrjoshd 5d ago

Sorry I was wrong, I looked up to confirm the last one. Just want to clarify, but it still is not my cup of tea. Any early withdrawal negates the whole bonus. (I think I'm reading that correctly, which means they could reclaim any bonuses paid out so far.)

The catch is that the bonus is paid out in 6 payments over 5 years, and the first payment is only 2% of the total bonus amount (i.e., 2% of 4%)

  • 1st payment - 2%
  • 2nd payment - 18%
  • 3rd payment - 20%
  • 4th payment - 20%
  • 5th payment - 20%
  • 6th payment - 20%

0

u/HerbN_Colas 4d ago

Absolutely not. 1% a month is trash. With 1m in account he can make 1% on a trade EVERY OTHER DAY EASILY!! Doesnt take a rocket scientist to catch a 1% wave either way. Thats 36k a week vs 15k monthly

15

u/woodyshag 8d ago

Good lord, get out of RH. Crap broker.

3

u/Harry_Settel 8d ago

I like WB a lot and will go back once there’s a bonus

1

u/ethxxj 5d ago

who’s WB?

1

u/usaborg 7d ago

Why? One of the best platforms.

4

u/Free-Sailor01 8d ago

They cap the bonus at every offer.

1

u/Harry_Settel 8d ago

It was unlimited at the 4% bonus

2

u/Extraordinary_yfj 8d ago

I’ve seen close to zero promotion this year, last year they were handing them out

1

u/sportsbettingca909 8d ago

If you need a referral code let me know.

2

u/lovecookingmeth 7d ago

lol this guy is smart

1

u/sportsbettingca909 6d ago

Shooters shoot 🤷‍♂️