Webull Promo Singapore (Oct 2026): Up to S$2,438, No Code

Type “Webull promo code” into Google and you get three different headline numbers: S$1,888, S$1,938 and S$2,438. They are all correct. They are just counting different things.

S$1,888 is the top Welcome Rewards tier. S$1,938 adds the S$50 trading reward. S$2,438 adds the S$500 Referee Bonus — which you only get if you sign up through a referral link.

And here is the part most promo pages bury: Webull Singapore does not use a promo code at all. There is no box to type one into. The referral is attached by the link you open before you register.

I check Webull’s official promotion and referral pages every month and update this page. Below is every Webull promo running for new Singapore users in October 2026, what each tier really pays, and the conditions that quietly cancel your rewards.

→ Open Webull with the referral link (Referee Bonus included)

Three Webull promotions are live this month. Two are for new users, and they stack. The third is a lucky draw open to every customer.

Promotion	Who It’s For	Max Reward	Ends
Welcome Rewards (deposit tiers)	New Webull SG accounts	S$1,888	31 Dec 2026, 15:59 SGT
Trading reward (3 trades)	New accounts at S$3,000+	S$50 in NVDA shares	31 Dec 2026
Referee Bonus (referral link only)	New accounts via a referral link	S$500 in stock vouchers	31 Dec 2026
Lucky Draw	Webull SG customers	S$20,000 first prize	31 Dec 2026, 16:00 SGT

The campaign window opened on 30 September 2026 at 16:00 SGT. That date matters: if you funded a Webull Singapore account before then, you are not a new user for this round.

Webull Singapore tags referrals by link, not by code. When you open a referral link, the sign-up page shows who invited you — on mine it is a “has invited you” message with my masked username. Register from that page and the Referee Bonus is attached to your account.

That has two practical consequences:

Open the link before you download the app. If you install Webull from the App Store first and register there, there is no referral attached and no field to add one later.
Any “Webull promo code” you see quoted is either a referral link in disguise or a partner gift code. It does not unlock a different Webull reward.

Without a referral link you still get Welcome Rewards and the trading reward — up to S$1,938. The link adds the Referee Bonus on top, worth S$30 to S$500 depending on your deposit.

→ See the Webull referral link page and full reward table

Welcome Rewards and the Referee Bonus both run off your Net Cumulative Deposit — deposits minus withdrawals and share transfers out. You get one tier from each, not every tier added together.

Net Deposit	Hold For	Welcome Rewards	Referee Bonus (link)	Total
S$3,000	30 days	S$68	S$30	S$98
S$10,000	90 days	S$288	S$50	S$338
S$30,000	90 days	S$418	S$80	S$498
S$100,000	90 days*	S$888	S$150	S$1,038
S$300,000	180 days	S$1,888	S$500	S$2,388

*Webull’s referral page lists 180 days for the S$100,000 referee tier, while the Welcome Rewards page says 90 days. If you are at that tier, plan to hold for 180 days so neither reward is at risk.

Add the S$50 trading reward to any row. That is where the S$2,438 maximum comes from: S$1,888 + S$500 + S$50.

What the Welcome Rewards Are Made Of

The Welcome Rewards are not cash. Each tier is split between NVIDIA (NVDA) fractional shares and stock vouchers:

Tier	NVDA Shares	Stock Vouchers
S$3,000	S$40	S$28
S$10,000	S$230	S$58
S$30,000	S$320	S$98
S$100,000	S$700	S$188
S$300,000	S$1,200	S$688

The NVDA shares move with NVIDIA’s share price, so the value on the day you receive them can differ from the headline. Stock vouchers pay for the lower of the voucher value or the trade value on a Buy-to-Open trade in US, SG or HK stocks and ETFs. They do not cover commissions or fees.

The S$50 Trading Reward

Once your Net Cumulative Deposit reaches S$3,000, make three filled Buy-to-Open stock or ETF trades of at least US$100 or S$150 each, within 30 days. Webull adds S$50 of NVDA shares.

This is the easiest S$50 in the promo. Split a purchase you were going to make anyway into three orders.

The Referee Bonus

The Referee Bonus is paid in stock vouchers, on the same deposit tiers, and only if you registered through a referral link. It is the only part of the Webull promo that a code-free App Store sign-up misses.

Open the referral link first. Check that the page shows an invitation message before you register.
Register and verify your identity. Complete the account opening and identity checks from the same session.
Make your first deposit within 30 days of signing up. It must happen inside the campaign window, which closes on 31 December 2026 at 15:59 SGT.
Reach your tier within 30 days of that first deposit. Your tier is set by your Net Cumulative Deposit at that point.
Hold the tier for the full period — 30, 90 or 180 days, starting from the first day you reach the tier.
Make three qualifying trades for the S$50 NVDA reward, within 30 days of reaching S$3,000.
Claim everything in the app under My Rewards within 30 days of each reward appearing, then use the stock vouchers within 90 days of claiming them.

Webull says rewards are issued within 15 business days of each milestone. At the S$300,000 tier, the voucher part arrives after 60 days, and the NVDA shares after the 180-day hold.

Webull Lucky Draw: S$50,000 in Free Stocks

Webull is also running a lucky draw with S$50,000 in prizes: one S$20,000 first prize and 10 second prizes of S$3,000, all paid in free stocks.

You earn entries two ways:

Deposit and hold. Each S$10,000 held counts as one entry. Partial blocks do not count, so S$25,000 earns two entries and S$9,999 earns none. Your deposit in days 1 to 30 sets your maximum entries, and your average balance in days 31 to 60 sets the final number.
Trade. Every two eligible buy trades earn one entry.

Entries are capped at 1,000 per person, and trades must be done before 31 December 2026 at 15:59 SGT. Treat this as a bonus, not a reason to deposit. Eleven winners from S$50,000 is a long shot.

Other Webull Perks Worth Knowing

These are standing features, not time-limited promos, but they affect whether the account is worth opening:

US$0 commission and US$0 platform fee on US stocks and ETFs. Webull lists this with no conditions. Regulatory and exchange fees still apply.
US options at US$0.55 per contract, with no platform fee.
Free Level 2 US market data until 31 December 2026 for new users, per the current campaign terms.
Moneybull cash funds for parking idle SGD and USD between trades. These are money market funds, not deposits.

For how these compare with Tiger, Longbridge and IBKR, see my best brokers in Singapore comparison.

The Webull promo is generous at the top tiers, but the terms are strict. These are the conditions that catch people out:

You funded Webull SG before 30 September 2026. You are not a new user for this campaign.
You had a Webull account and closed it. Previously closed accounts are excluded.
You dip below your tier for a single day. A withdrawal or share transfer-out that takes your Net Cumulative Deposit below the tier on any day cancels that tier’s reward. Topping back up does not restart the clock.
You fall below S$3,000 after 30 days. That means no deposit rewards and no Referee Bonus at all.
You forget to claim. Rewards not claimed in My Rewards within 30 days, or vouchers not used within 90 days of claiming, expire.
You deposit in another currency and miscount. Webull converts at fixed rates for the campaign: SGD 1 = USD 0.78, HKD 6.15 or CNH 5.26. A US$2,300 deposit is about S$2,949 — just short of the first tier.

Webull employees and agents are excluded, and you can only hold one account. Closing the account right after receiving rewards can also see them clawed back.

Partner Gifts From Other Sites

Some comparison sites add their own gift if you open Webull through their link — Beansprout is offering a S$50 FairPrice voucher until 31 October 2026, for example. You can only register through one link, so compare the total. A partner gift does not change Webull’s own Welcome Rewards.

Is Webull Safe?

Webull Securities (Singapore) Pte. Ltd. holds a Capital Markets Services licence from the Monetary Authority of Singapore (CMS101150). It is a brokerage, not a bank, so cash and shares in your account are not covered by SDIC deposit insurance.

The promo rewards are real, but they are paid in shares and vouchers, which carry market risk like any other investment. For a full look at fees, features and the trading app, read my Webull review.

At the first tier, yes — and it is one of the best entry-level broker promos in Singapore this month. S$3,000 held for 30 days plus three small trades returns S$148 (S$68 + S$30 + S$50). That is about 4.9% on money you only need to leave alone for a month.

The S$10,000 tier is the next sweet spot: S$388 including the trading reward, for a 90-day hold.

Above that, the maths still works, but the lock-up grows. S$300,000 for 180 days for S$2,438 works out to roughly 1.6% annualised, before the NVDA share price moves either way. If that money would otherwise sit in a high-yield savings account, run the numbers with my compound interest calculator first.

→ Claim the Webull promo through the referral link

Frequently Asked Questions

What is the Webull promo code for Singapore in October 2026?

There is no Webull promo code in Singapore. Webull attaches the referral through a link, and the sign-up page shows who invited you. Register from a referral link to get the Referee Bonus of up to S$500 on top of the Welcome Rewards.

How much can I get from the Webull promo?

Up to S$2,438: S$1,888 in Welcome Rewards at the S$300,000 tier, S$500 in Referee Bonus vouchers through a referral link, and S$50 of NVDA shares for three qualifying trades. The entry tier pays S$148 in total for a S$3,000 deposit held 30 days plus three trades.

Can I add a Webull referral link after I sign up?

No. The referral is attached when you register from the link, and there is no field to add one afterwards. If you have already registered without a link, you can still earn Welcome Rewards and the trading reward, but not the Referee Bonus.

Do I get every Webull tier added together?

No. You receive one Welcome Rewards tier and one Referee Bonus tier, based on your Net Cumulative Deposit within 30 days of your first deposit. The trading reward is separate and paid once.

Are Webull promo rewards paid in cash?

No. Welcome Rewards are NVDA fractional shares plus stock vouchers, the Referee Bonus is stock vouchers, and the trading reward is NVDA shares. You can sell the shares once they land, but the vouchers can only be used to buy stocks or ETFs.

What happens if I withdraw money during the holding period?

If a withdrawal or share transfer-out drops your Net Cumulative Deposit below your tier on any day, you lose that tier’s reward. Topping up again does not restart the holding period. Falling below S$3,000 after 30 days cancels the deposit rewards and the Referee Bonus completely.

Final Verdict

The Webull promo is one of the clearest broker sign-up offers in Singapore right now — once you know there is no code to find.

Best for: new investors with S$3,000 to S$10,000 to park for one to three months. The returns at those tiers beat most savings promos.
Worth it at the top tiers if: the money was going into US stocks anyway, and you can leave it untouched for 90 to 180 days.
Skip it if: you will need the money back within the holding period. One withdrawal below your tier costs the whole tier.

Open the referral link before you install anything, deposit inside the campaign window, and claim in My Rewards the day each reward appears.

→ Start your Webull sign-up with the referral link

→ Full Webull referral reward breakdown

Which Webull tier are you going for? Tell me in the comments — I’ll flag it here if Webull changes the terms.

Continue reading:

Webull Promo October 2026: Every Singapore Offer, Tier by Tier