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Demi Zhuang
Webull’s new user promotion in the month of May seems intriguing with Cash Vouchers for Deposits AND up to USD8,750 when you manage cash in Moneybull^ 🐂
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What is Moneybull^?
A cash management tool with money market funds like SGD Cash Fund and USD Cash Fund that provides daily returns.
Money market funds are funds with aim to provide investors with liquidity and returns that are comparable to Singapore Banks Savings Deposit rates and US Dollar deposits respectively.
Note that as this is still a form of investment. Returns are not guaranteed and not an indication of future performance. All investments involve risk and are not suitable for every investor.
Select a tier that suits you best based on how much capital you can work with, all cash voucher rewards are NOT stackable.
NOTE:
- You can deposit SGD equivalent amounts at this exchange rate → SGD1 = USD 0.7297
- US Buy Trades = stocks, US ETFs or US Options ( a guide on how you can fulfil this later on)
Basic Reward
Hold Net Cumulative Deposit until 30 June 2024 | USD | SGD | Buy Trades | Cash Voucher Reward |
Deposit | 2,000 | 2,741 | 3 US Buy Trades within 30 cal. days from first deposit | USD200 |
Premium Reward
Hold Net Cumulative Deposit until 30 June 2024 | USD | SGD | Buy Trades | Cash Voucher Reward |
Deposit | 10,000 | 13,705 | 5 US Buy Trades within 30 cal. days from first deposit | USD650 |
Ultimate Reward
Hold Net Cumulative Deposit until 30 August 2024 | USD | SGD | Buy Trades | Cash Voucher Reward |
Subscription to Moneybull | 100,000 | 137,043 | - | USD1,050 |
Get Boosted up to 8.4% ^^ p.a. on your deposit in Moneybull^ subscription
Maximum Deposit Amount to enjoy this rate : USD250,000 = SGD342,607
Note: The 3% USD Moneybull Interest Booster only applies to your USD Moneybull subscription. You will not enjoy boosted yield on SGD Moneybull.
Enjoyment Period : 150 days
Total Cash Yield : up to USD8,750*
(8.4% * 250K *150 / 360)
^&*T&Cs Apply. Figures shown are based on 7-Day Yield (P.A.) of the USD Cash Fund in Moneybull as of 25 Mar 2024 plus Moneybull Interest Booster P.A. . Please note that there will be an upcoming change in the underlying Cash Fund for the USD Moneybull. Principal is not guaranteed. Returns are not guaranteed and not an indication of future performance. All investments involve risks and are not suitable for every investor. This advertisement has not been reviewed by the Monetary Authority of Singapore.
How to fulfil the Buy Trades?
Pricing
Commission | Trade done (04:00 - 20:00 EST) | 0.025% * Total Trade Amount
min USD 0.50 |
Overnight Hours (20:00 - 04:00 EST) | 0.03% * Total Trade Amount
min USD 0.89 | |
Platform Fee | 0 (Rate of 0 is subject to change) |
Search for a Stock, ETF of your Choice
No content should be construed as investment advice or recommendation, or an offer or solicitation, to deal in any investment product. All investors should consider for themselves if the investment products are suitable. Investors are advised to seek advice from a professional financial adviser if they are uncertain if the investment products are suitable for them.
Step 1: Tap on the stock and check to see if you can buy a fraction of the share by the green diamond logo indicator at the top right of the page
Step 2: Click on Trade
In order to buy Fractional Shares i.e. not having to buy a whole share at USD474.72 at the time of this screenshot, you need to select “Market Buy”
Amount in Share: 0.05
Estimated Total Cost = USD 24.25
After executing this, it’ll be 1 Buy Trade fulfilled.
You can buy a fractional share from as low as US$5 each time!
Take note of the time you execute the trades for the respective price stated in the table above.
This promotion ends 31 May 2024 3:59PM SGT
Hope this helps those of you who asked how does their promotion work! Disclaimer, I do receive an affiliate / referral when you sign up with my link. Please do still ensure you think through whether or not this promotion might suit your personal finance circumstances. This is not financial advice.