Webull is an online broker that arrived on the scene in 2017 and launched its mobile app in 2018. Since then, Webull has expanded; it not only offers access to stocks, bonds, and options from exchanges all over the world, it now supports investing in select cryptocurrencies right from the app, as well as an attractive referral program.
Webull has a referral program in place to benefit new investors: by using the referral link (or our referral code YOREOYSTER) you will receive 2 free stocks after creating and funding your account for $100. You will also receive your own referral code, which you can use to invite friends and earn an additional 2 stocks for each successful referral, and you can invite as many as you want.
That said, Qtrade isn't Canada's best trading platform. That honour goes to Capital, our best-rated broker.
Alternatively, if you’re looking for the best way to invest in crypto in Canada, I recommend VirgoCX, my #1-ranked cryptocurrency exchange. VirgoCX has 250,000+ satisfied users, offers the lowest trading fees in Canada, and is offering a $20 signup bonus from now until March 32, 2023.
How To Use Your Webull Referral Code
Webull has a referral program for new traders. When you sign up with Webull using our referral link (or our referral code YOREOYSTER), you will receive 2 free stocks, each valued between $10 and $1400. Additionally, you will receive your own referral code so you can start inviting your friend.
To use the promo code:
- Visit Webull‘s page. Click on the Get Started button.
- Enter your phone number.
- Click Open Account.
- Fill in some of your basic information and select your account type.
- Submit your application.
(We’ve included the complete sign-up process on the How To Sign Up With Webull section).
What Is Webull?
Webull is a US-based fintech start-up company and one of the many coming in the brokerage services categories. The broker was founded in 2017 and it is regulated by two of the most important institutions in the country, while also being covered by the Securities Investor Protection Corporation (SIPC). Moreover, Webull currently operates in the United States, Canada, Brazil, Malaysia, South Korea, China, the Philippines, India, and Japan.
What Coins Does Webull Offer?
Webull currently offers access to 11 cryptocurrencies; Bitcoin, Bitcoin Cash, Cardano, Dash, Dogecoin, Ethereum, Ethereum Classic, Litecoin, Shiba Inu, Stella Lumens, and ZEC.
Webull Features
Some of Webull’s best features include:
- No minimum deposit.
- No inactivity fees.
- Free trades for US-based ETFs, stocks and options.
- Free access to Research tools.
- $100 USD transfer fee rebate when moving in from another broker. (first deposit has to be over $2,000 USD to qualify).
Webull Fees
Webull base currency is the US dollar. It charges currency conversion fees when trading any other currency.
| Wire Transfer Type | Fees |
| US domestic deposit | $8 |
| US domestic withdrawal | $25 |
| Non-US deposit | $12.50 |
| Non-US withdrawal | $45 |
How To Sign Up With Webull
#1 Visit Webull's website and click on the Get Started button.
#2 Enter your phone number. You will receive a confirmation code.
#3 Click Open Account to continue the application process.
#4 Fill in some of your basic information.
#5 Select an account type.
#6 Agree to the Terms and Conditions and submit your application.
Webull’s Referral Program
Like Wealthsimple, Qtrade and other popular brokers, Webull offers a referral program. After creating your Webull account, you can invite friends using your referral link. In the app, navigate to the My Free Stock menu. Click the Invitation Bonus button, then click Invite Now to receive your referral code. After you receive it:
- Share your code via text, email, or to your social media audience.
- Once a referee signs up and makes a deposit of at least $100 within 30 days of signing up, both of you will receive 2 free stocks.
- Additionally, if you refer three people, you receive three additional free stocks for a total of 9.
- There’s no limit to how many people you can invite.
Is Webull Safe & Legit?
Webull is regulated by the Securities and Exchange Commission (SEC) and is insured by the SIPC for up to $500,000 USD. Based on that, this broker scores a perfect score because it has to comply with strict rules and regulations to ensure the safety of its users.
Introducing VirgoCX: Our #1-Rated Crypto Exchange In Canada
Best In Canada
|
Trading Fees: 0% |
★★★★★ Rated 4.9/5 |
VirgoCX is, without a doubt, the best crypto exchange in Canada. VirgoCX offers 50+ cryptocurrencies, charges zero trading fees, and only charges spread between 0.5% – 0.95%, making it a cost-effective exchange.
VirgoCX’s trading platform and mobile app are intuitive and easy to use, even for beginners. It offers 24/7 customer support via live chat and email, plus an extensive FAQ section on its site.
VirgoCX charges no deposit or withdrawal fees on fiat and covers the first $6 in mining fees on ERC20 withdrawals. It requires 2-factor authentication on all accounts and maintains a 95% cold storage policy to keep your assets safe at all times.
As a new VirgoCX user, you'll receive a $20 bonus upon funding your account, which you can use to buy Bitcoin, Ethereum, or any of the dozens of assets VirgoCX supports.
If maximizing your investment potential is important to you, VirgoCX is a great choice.
Features
- Lowest fees in all of Canada
- Supports 50+ cryptocurrencies
- Free fiat deposits and withdrawals
- Free deposits and withdrawals on most cryptocurrencies
- 24/7 support available via live chat and email
- User-friendly for both beginners and more advanced traders
- 95% cold storage policy keeps your crypto extra secure
Cost
- Account Opening: Free
- Cash Deposits: Free
- Cash Withdrawals: Free
- Crypto Deposits: Free
- Crypto Withdrawals: Free for all major coins
- Spreads on trades: 0.5% – 0.95%
Signup Bonus
$20 when you fund your account with $100 or more using this link.
Best For
Investors looking for the lowest fees in Canada.
The Bottom Line
Webull is an online broker that arrived on the scene in 2017 and launched its mobile app in 2018. Since then, Webull has expanded; it not only offers access to stocks, mutual funds, bonds, and options from exchanges worldwide, it now supports investing in select cryptocurrencies right from the app, as well as an attractive referral program.
Webull has a referral program in place to benefit new investors: by using the referral link you will receive 2 free stocks after creating and funding your account for $100 USD. You will also receive your own referral code, which you can use to invite friends and earn an additional 2 stocks for each successful referral, and you can invite as many as you want.
