Terms and Conditions
By participating in this September Welcome Promotion (the “Campaign”), each Applicant is deemed to have read, understood and agree to be bounded by the following Terms and Conditions of the Campaign and the terms and conditions of any other agreement(s) that you may have entered into with Webull Securities (Singapore) Pte. Ltd. (“Webull”).
Definitions
1. In this Terms and Conditions, unless the context otherwise requires:
1.1. “Campaign Period” means the duration in which the campaign is active, as may be amended by Webull from time to time; and
1.2. “Account” refers to a Webull brokerage account.
1.3. “Participant” refers to an individual who is eligible to participate in this Campaign;
The Campaign Period
2. This Campaign is organised by Webull and is valid from 29/08/2024 16:00 SGT – 27/09/2024 15:59 SGT (both dates inclusive) (the “Campaign Period”).
Campaign Eligibility
3. This Campaign is applicable to members of the public (the “Applicants”) who:
3.1. have not successfully funded their Account prior to the Campaign Period; and
3.2. must not have previously opened an Account which was subsequently closed.
4. Webull employees, representatives and agents are not eligible for this Campaign.
5. Unless otherwise stated, Participants of this Campaign may also concurrently take part in other campaigns and promotions organised by Webull.
Campaign Mechanics
Registration Rewards
6. Applicants that have successfully registered for an Account via the Webull App or Webull website (https://www.webull.com.sg/) will receive a complimentary 1-month subscription to Level 2 US market data, also known as Nasdaq TotalView and a 1-year subscription to Cboe Global Indices Feed (“CGIF”).
7. Applicants will automatically receive the Nasdaq TotalView market data when they have successfully registered. The 1-month period for this complimentary subscription starts from the day they are successfully registered.
7.1. For example, an applicant successfully registered on 10/01/2024. The applicant will gain access to the complimentary 1-month Nasdaq TotalView subscription on 10/01/2024 and the last day of complimentary access will be on 09/02/2024.
7.2. Once the complimentary 1-month Nasdaq TotalView subscription ends, the applicant’s access will be switched to Nasdaq Basic subscription, a permanent free subscription, unless the applicant chooses to continue the Nasdaq TotalView subscription on the Webull App at SGD3.98/month.
8. Applicants can claim their complimentary CGIF subscription via the Webull App under “Promotion Center”. The 1-year period for the complimentary CGIF subscription starts from the day the applicant claims their complimentary CGIF subscription.
8.1. Once the complimentary 1-year CGIF subscription ends, the applicant’s access to CGIF will be removed unless the applicant chooses to continue the CGIF subscription.
9. Applicants who have tapped on the “Claim Now” button under My Rewards in the Webull App during the Campaign Period will also receive a complimentary 1-month Singapore Stock Exchange Real-Time Level 1 Market Data (“SGX Level 1 Market Data”) subscription.
9.1. Applicants will automatically receive the complimentary 1-month SGX Level 1 Market Data when they have successfully tapped on the “Claim Now” button.
9.2. The 1-month period for this complimentary subscription starts from the day the applicant successfully taps the “Claim Now” button to participate in the Campaign.
9.3. For example, if the applicant tapped on the “Claim Now” button to claim their 1-month complimentary SGX Level 1 Market Data subscription on 23/01/2024, the applicant will gain access to this complimentary SGX Level 1 Market Data subscription from 23/01/2024 and the last day of complimentary access will be 22/02/2024.
9.4. Once the complimentary 1-month SGX Level 1 Market Data subscription ends, the applicant’s access will be switched to SGX Delayed Quotes.
10. Applicants can extend their complimentary SGX real-time level 1 market data subscription if they execute at least 1 SG Stock trade every 30 calendar days. The complimentary subscription will be terminated once the applicant fails to execute at least 1 SG Stock trade within a 30-day period.
10.1. For example, if the applicant’s complimentary subscription terminates on 22/02/2024, the applicant must execute at least 1 SG Stock trade before 22/02/2024 to extend the complimentary SGX Level 1 Market Data subscription.
10.2. Within a period of 30 calendar days, Applicants can only extend the complimentary subscription once for an additional 30 days by completing at least 1 SG Stock trade.
10.2.1. For example, if the applicant’s complimentary SGX Level 1 Market Data subscription is set to expire on 21/02/2024, and they execute 1 SG Stock trade on 18/02/2024 and another SG Stock trade on 20/02/2024, the applicant will successfully extend their SGX Level 1 Market Data subscription for an additional 30 days. In this case, their subscription will be extended until 21/03/2024, which is 30 days beyond the current expiration date.
10.3. The complimentary SGX Level 1 Market Data subscription will be reactivated if the applicant executes at least 1 new SG Stock trade.
10.3.1. For example, the applicant’s complimentary SGX Level 1 Market Data subscription was terminated on 22/02/2024. If the applicant executes 1 SG Stock trade on 25/02/2024, the applicant’s complimentary SGX Level 1 Market Data subscription will be reactivated for another 30-day period by 26/02/2024.
Account Opening Rewards
11. Applicants that successfully open an Account during the Campaign Period will enjoy commission-free trades for Stocks and Exchange-Traded Funds (“ETFs”) listed in the United States of America (“US”) markets on the Webull trading platform for a period of 31 days from the date of account approval.
11.1. Commission-free trades means that Applicants can trade Stocks and ETFs on the US markets at 0 commission.
11.2. Additionally, Applicants can trade on the US markets at 0 platform fee, 0 membership fee and 0 contract fee until further notice.
11.3. US Stocks and ETFs related fees charged by regulators, exchanges and third-party institutions may still apply.
11.4. After 31 days, all US commission fees will be effective without further notice.
11.5. For more details, please go to our pricing page at https://www.webull.com.sg/pricing.
12. Applicants that successfully open an Account during the Campaign Period will enjoy commission-free trades for Stocks, Exchange-Traded Funds (“ETFs”), Real Estate Investment Trusts (“REITs”) , Warrants and Daily Leveraged Certificates (“DLCs”) listed in the Singapore (“SG”) markets on the Webull trading platform for a period of 1095 days from the date of account approval.
12.1. Commission-free trades mean that Applicants can trade Stocks, ETFs, REITs, Warrants and DLCs on the SG markets at 0 commission.
12.1.1. The commission-free trades will be automatically activated, requiring no action from the Applicant’s side.
12.2. SG Stocks, ETFs, REITs, Warrants and DLCs related fees charged by regulators, exchanges, and third-party institutions may still apply.
12.3. Platform fees still apply.
12.4. After 1095 days, all SG commission fees will be effective without further notice.
12.5. For more details, please go to our pricing page at https://www.webull.com.sg/pricing
13. Applicants will enjoy 0 fees for subscriptions/redemptions of Mutual Funds on the Webull trading platform until further notice.
13.1. Additionally, Applicants can subscribe/redeem Mutual Funds at 0 platform fee until further notice. Management Fees charged by Fund houses may still apply.
13.2. Webull reserves the right to set or adjust the ending date of the 0 subscriptions/redemptions fees and trades promotion for Applicants, and any such changes will be announced in advance.
14. Applicants who enable Options trading after successfully opening an Account during the Campaign Period, will also receive a complimentary 1-month Options Price Reporting Authority (“OPRA”) real-time data subscription.
14.1. Within 1 calendar day after the applicant successfully opens an Account, eligible Applicants can claim their complimentary OPRA subscription via the Webull App under “Promotion Center”.
14.2. The 1-month period for the complimentary OPRA subscription starts from the day the applicant claims their complimentary OPRA subscription.
14.2.1. For example, if the applicant claims their 1-month complimentary OPRA subscription on 11/01/2024, the applicant will gain access to this complimentary OPRA subscription from 11/01/2024 and the last day of complimentary access will be on to 10/02/2024.
14.3. Applicants can extend their complimentary OPRA real-time data subscription if they execute at least 1 Options trade every 30 calendar days. The complimentary subscription will be terminated once the applicant fails to execute at least 1 Options trade within a 30-day period.
14.3.1. For example, the applicant’s complimentary OPRA subscription terminates on 10/02/2024, the applicant must execute at least 1 Options trade before 10/02/2024 to extend the complimentary OPRA subscription.
14.4. The complimentary OPRA subscription will be reactivated if the applicant executes at least 1 new Options trade.
14.4.1. For example, the applicant’s complimentary OPRA subscription terminated on 10/02/2024. If the applicant executes 1 Options trade on 13/02/2024, the applicant’s complimentary OPRA subscription will be reactivated for another 30-day period by 14/02/2024.
Mechanics of Interest Booster (30 Days)
15. For the Participant to qualify for and receive a 1.84% USD Moneybull Interest Booster of 30-day validity, the Participant must complete the following requirements during the Campaign Period:
15.1. The Participant must sign up to be a Webull registered user, download the Webull App and open an Account;
15.2. The Participant must successfully make an initial minimum deposit of any amount within the Campaign Period.
15.2.1. If the Participant deposits a currency other than USD, it will be converted to the equivalent USD amount at the exchange rate of SGD1 = USD0.7297; and
15.2.2. Any transfer fees incurred, including but not limited to handling commissions, cable charges, and agent bank charges relating to the fund deposit, shall be borne by the Participant.
15.3. The Participant must have a Net Cumulative Deposit I (“NCD I”) of at least USD2,000 within the Campaign Period.
15.3.1. NCD I = Accumulated deposit amount – Accumulated withdrawal amount during the Campaign Period. Capital gains and losses are excluded.
15.3.2. Once the Participant's Net Cumulative Deposit I reaches USD2,000 or more, the Participant immediately qualifies for the 30-day USD Moneybull Interest Booster reward, provided all other requirements are met.
15.3.2.1. For example, if a Participant deposits USD1,000 into their account on 06/09/2024 at 14:00, and then deposits another USD1,000 on 07/09/2024 at 14:00, the Participant becomes eligible to receive the 30-day USD Moneybull Interest Booster as of 07/09/2024 at 14:00, provided that the Participant meets all other requirements.
16. Each Participant can only receive a maximum of one 1.84% USD Moneybull Interest Booster of 30-day validity and the Interest Booster must be claimed under the “My Rewards” page in the Webull App within 30 calendar days.
16.1. The Participant will receive the Interest Booster within 7 business days after completing all the requirements stated above.
16.2. The details of the Interest Booster are as follows:
The Maximum Return is rounded down to the nearest whole number for the calculations in this table. The actual maximum return from the Interest Booster as applied in the reward distribution may differ from this figure, as it might use a different method for rounding decimals.
16.3. A summary of this tier of Moneybull Interest Booster is as follows:
Mechanics of Interest Booster (Initial 30 Days + 1st Additional 30 days)
17. After fulfilling the requirements stated in Clause 15, Participants must meet the following requirement to receive an additional reward of a 1.84% USD Moneybull Interest Booster of 30-day validity, during the Campaign Period:
17.1. The Participant must have a NCD I of at least USD10,000 within the Campaign Period.
17.1.1. NCD I = Accumulated deposit amount – Accumulated withdrawal amount during the Campaign Period. Capital gains and losses are excluded.
17.1.2. Once the Participant's Net Cumulative Deposit I reaches USD10,000 or more, the Participant immediately qualifies for the additional 30-day USD Moneybull Interest Booster reward, provided all other requirements are met.
17.1.2.1. For example, if a Participant deposits USD5,000 into their account on 08/09/2024 at 14:00, and then deposits another USD5,000 on 09/09/2024 at 14:00, the Participant becomes eligible to receive the additional 30-day USD Moneybull Interest Booster as of 09/09/2024 at 14:00, provided that the Participant meets all other requirements.
17.1.3. If the Participant deposits a currency other than USD, it will be converted to the equivalent USD amount at the exchange rate of SGD1 = USD0.7297; and
17.1.4. Any transfer fees incurred, including but not limited to handling commissions, cable charges, and agent bank charges relating to the fund deposit, shall be borne by the Participant.
18. Each Participant can only receive a maximum of one additional 1.84% USD Moneybull Interest Booster of 30-day validity and the Interest Booster must be claimed under the “My Rewards” page in the Webull App within 30 calendar days.
18.1. The Participant will receive the Interest Booster within 7 business days after completing all the requirements stated above.
18.2. The details of the 1st additional 30-day Interest Booster are as follows:
The Maximum Return is rounded down to the nearest whole number for the calculations in this table. The actual maximum return from the Interest Booster as applied in the reward distribution may differ from this figure, as it might use a different method for rounding decimals.
18.3. A summary of this tier of Moneybull Interest Booster is as follows:
Mechanics of Interest Booster (Initial 30 Days + 1st Additional 30 Days + 2nd Additional 30 Days)
19. After fulfilling the requirements stated in Clause 15 and Clause 17, Participants must meet the following requirement to receive another additional reward of a 1.84% USD Moneybull Interest Booster of 30-day validity, during the Campaign Period:
19.1. The Participant must have a NCD I of at least USD100,000 within the Campaign Period.
19.1.1. NCD I = Accumulated deposit amount – Accumulated withdrawal amount during the Campaign Period. Capital gains and losses are excluded.
19.1.2. Once the Participant's Net Cumulative Deposit I reaches USD100,000 or more, the Participant immediately qualifies for the 2nd additional 30-day USD Moneybull Interest Booster reward, provided all other requirements are met.
19.1.2.1. For example, if a Participant deposits USD50,000 into their account on 10/08/2024 at 14:00, and then deposits another USD50,000 on 11/08/2024 at 14:00, the Participant becomes eligible to receive the 2nd additional 30-day USD Moneybull Interest Booster as of 11/08/2024 at 14:00, provided that the Participant meets all other requirements.
19.1.3. If the Participant deposits a currency other than USD, it will be converted to the equivalent USD amount at the exchange rate of SGD1 = USD0.7297; and
19.1.4. Any transfer fees incurred, including but not limited to handling commissions, cable charges, and agent bank charges relating to the fund deposit, shall be borne by the Participant.
20. Each Participant can only receive a maximum of another additional 1.84% USD Moneybull Interest Booster of 30-day validity and the Interest Booster must be claimed under the “My Rewards” page in the Webull App within 30 calendar days.
20.1. The Participant will receive the Interest Booster within 7 business days after completing all the requirements stated above.
20.2. The details of the 2nd additional 30-day Interest Booster are as follows:
The Maximum Return is rounded down to the nearest whole number for the calculations in this table. The actual maximum return from the Interest Booster as applied in the reward distribution may differ from this figure, as it might use a different method for rounding decimals.
20.3. A summary of this tier of Moneybull Interest Booster is as follows:
Instructions for Using Interest Booster (Initial 30 Days, 1st Additional 30 days, and 2nd Additional 30 days)
21. After the Participant successfully claims the USD Moneybull Interest Booster under the “My Rewards” page stated in Clause 16, 18, and 20, the Interest Booster will activate automatically upon claiming if the Participant does not have a prior Interest Booster that is in use.
22. Only one Interest Booster can be activated at a time. If another Moneybull Interest Booster is already activated and the Participant has another new Interest Booster, the Participant can choose either to wait for the automatic activation of the new Booster or to manually activate the new Booster before the existing one expires.
22.1. If another Moneybull Interest Booster is already activated, a new Booster will auto-activate after the current one expires, provided that the Participant successfully claims the new Booster.
22.2. If the Participant manually activate a new Booster before the current one expires, the existing Booster will immediately end. And the Participant will not receive boosted interest from the existing Booster on the day that he/she manually activate a new Booster.
23. For each of the Moneybull Interest Boosters – Initial 30 days, 1st Additional 30 days, and 2nd Additional 30 days – the Participants will get a 1.84% enhanced interest on their USD Moneybull subscription for 30 consecutive days from the day after the Interest Booster is activated (either through automatic activation stated in Clause 21 and Clause 22.1 or through manual activation stated in Clause 22.2). The 1.84% USD Moneybull Interest Booster only applies to the first USD100,000 subscription of USD Moneybull.
24. For each of the Moneybull Interest Boosters – Initial 30 days, 1st Additional 30 days, and 2nd Additional 30 days – the Participant will receive the sum of the Boosted Interest from his/her USD Moneybull subscription within 15 business days after the 1.84% USD Moneybull Interest Booster expires.
24.1. Daily Boosted Interest = USD Moneybull subscription * 1.84% * 1/360
24.2. The sum of the Boosted Interest is calculated by adding the Daily Boosted Interests during the activation period of the Interest Booster (up to 30 days).
Basic Reward
25. For the Participant to qualify for and receive a Cash Voucher worth USD60, the Participant must complete the following requirements during the Campaign Period:
25.1. The Participant must sign up to be a Webull registered user, download the Webull App and open an Account;
25.2. The Participant must have a Net Cumulative Deposit II (“NCD II”) between USD2,000 and USD9,999 on 27/09/2024 15:59 SGT.
25.2.1. NCD II = Accumulated deposit amount from 29/08/2024 16:00 SGT to 31/10/2024 23:59 SGT – Accumulated withdrawal amount from 29/08/2024 16:00 SGT to 31/10/2024 23:59 SGT. Capital gains and losses are excluded.
25.2.2. If the Participant deposits a currency other than USD, it will be converted to the equivalent USD amount at the exchange rate of SGD1 = USD0.7297; and
25.2.3. Any transfer fees incurred, including but not limited to handling commissions, cable charges, and agent bank charges relating to the fund deposit, shall be borne by the Participant.
25.3. The Participant must maintain a Net Cumulative Deposit II (“NCD II”) of USD2,000 or more till 31/10/2024 23:59 SGT.
25.3.1. Once the daily NCD II falls below the requirement during the holding period, the Participant will not receive any rewards.
25.4. The Participant must successfully execute at least 3 US stocks or US Exchange-Traded Funds (“ETFs”) or US options buy trades within 30 calendar days from the first deposit.
25.5. There is no minimum trade value for US stocks, US ETFs, or US options buy trades.
26. Each Participant can only receive a maximum of one Cash Voucher worth USD60 from the Basic Reward and the Cash Voucher must be claimed under the “My Rewards” page in the Webull App within 30 calendar days.
26.1. The Participant will receive the Cash Voucher within 7 business days after completing all the requirements stated above.
26.2. The reward receivable from the Basic Reward is as follows:
27. Upon claiming the reward, the Participant will receive the Cash Voucher within 15 business days.
Premium Reward
28. For the Participant to qualify for and receive a Cash Voucher worth USD400, the Participant must complete the following requirements during the Campaign Period:
28.1. The Participant must sign up to be a Webull registered user, download the Webull App and open an Account;
28.2. The Participant must have a Net Cumulative Deposit III (“NCD III”) of at least USD10,000 on 27/09/2024 15:59 SGT.
28.2.1. NCD III = Accumulated deposit amount from 29/08/2024 16:00 SGT to 30/11/2024 23:59 SGT – Accumulated withdrawal amount from 29/08/2024 16:00 SGT to 30/11/2024 23:59 SGT. Capital gains and losses are excluded.
28.2.2. If the Participant deposits a currency other than USD, it will be converted to the equivalent USD amount at the exchange rate of SGD1 = USD0.7297; and
28.2.3. Any transfer fees incurred, including but not limited to handling commissions, cable charges, and agent bank charges relating to the fund deposit, shall be borne by the Participant.
28.3. The Participant must maintain a Net Cumulative Deposit III (“NCD III”) of USD10,000 or more till 30/11/2024 23:59 SGT.
28.3.1. Once the daily NCD III falls below the requirement during the holding period, the Participant will not receive any rewards.
28.4. The Participant must successfully execute at least 5 US stocks or US Exchange-Traded Funds (“ETFs”) or US options buy trades within 30 calendar days from the first deposit.
28.5. There is no minimum trade value for US stocks, US ETFs, or US options buy trades.
29. Each Participant can only receive a maximum of one Cash Voucher worth USD400 from the Premium Reward and the Cash Voucher must be claimed under the “My Rewards” page in the Webull App within 30 calendar days.
29.1. The Participant will receive the Cash Voucher within 7 business days after completing all the requirements stated above.
29.2. The reward receivable from the Premium Reward is as follows:
30. Upon claiming the reward, the Participant will receive the Cash Voucher within 15 business days.
31. While participants are eligible to receive either Basic Reward or Premium Reward however it is important to note that these rewards are mutually exclusive and cannot be combined.
32. As long as you fulfil the requirements stated in Clauses 15,16, 17,18, 19 and 20, you will be eligible for the respective days (Initial 30 days, 1st additional 30 days, and 2nd additional 30 days) of the USD Moneybull Interest Booster.
Indemnities
33. Not a Recommendation: Any reward including shares, fractional or otherwise, which are received via this Campaign does not constitute as an invitation, inducement, recommendation, suggestion, or solicitation to investing.
34. Not Investment Advice: For the avoidance of doubt, Webull is not offering investment advice via this Campaign. The content presented herein may contain advertisements. However, it should not be construed as investment advice or recommendation, nor as an offer or solicitation, to deal in any investment product.
35. Force Majeure: Webull cannot guarantee or be responsible for any reward whose distribution may no longer be possible due to factors beyond Webull’s control, i.e., force majeure factors. Non-exhaustive examples include:
35.1. Suspension of the security from the exchange;
35.2. Delisting of the security from the exchange; or
35.3. The security failing to list on the exchange.
36. Right to Amend/Terminate: Webull reserves the right to terminate or amend the terms of the Campaign at any time without notice, including the right to change the rewards. Webull reserves the final decision with respect to the reward including a change of the value.
37. Although Webull shall endeavour to distribute the reward promptly, this is subject to availability and accordingly, Webull shall not be responsible for any delays whatsoever, nor shall there be any compensation payable in respect of any such delays.
38. Maximum Moneybull Yield is calculated based on a 5.16% 7-Day Yield P.A. of the USD Cash Fund in Moneybull as of 23 July 2024 and a 1.84% USD yield (P.A.) from Moneybull Interest Booster after 30/60/90 days generated from the first USD100,000 Moneybull Subscription. Moneybull Interest Booster is an additional 1.84% interest on their prevailing USD Moneybull subscriptions during the effective period as prescribed in the terms and conditions.
Additional Terms
39. Party to the Agreement: These Terms and Conditions form part of the Client Agreement (the "Agreement”) with Webull Securities (Singapore) Pte. Ltd. (UEN: 202116981M) (“Webull Securities”), a private limited company incorporated under the law of Singapore, having its registered address at 182 Cecil Street, #31-02, Frasers Tower, Singapore 069547. Webull Securities is a Capital Market Services Licence holder under the Securities and Futures Act 2001, licensed and regulated by the Monetary Authority of Singapore.
40. Independent Assessment of Risk: All investors should independently consider if the relevant investment products are suitable for their own risk appetite. If they are uncertain of the investment products suitable for them, Investors are advised to seek advice from a professional financial adviser. Options trading involves significant risk and is not suitable for all investors as investors may be exposed to potentially rapid and substantial losses.
41. Past Performance not Indicative: Past performance of any investment products is not indicative of future performance. The value of the investment products and the income from them may fluctuate periodically. Investing contains risks and investors may lose all their investments.
42. Webull’s decision on all matters relating to this Campaign will be at its discretion and will be final and binding on all participants.
43. Right to Terminate: Webull reserves the right to terminate or cancel a party’s participation in this Campaign if they are suspected to or are found to have used inappropriate methods to acquire rewards. Non-exhaustive examples include:
43.1. Unintended stock claim conducts;
43.2. Fabrication or submission of false data;
43.3. Exploiting a bug in the system.
44. Webull reserves the right in its absolute discretion to terminate, vary, delete or add to any of the Campaign’s terms and conditions herein, at any time without prior notice and without having to disclose any reason therefore and without any payment or compensation whatsoever to the participant.
45. Dispute Resolution: Webull reserves the right to resolve any disputes incurred.
46. The decision of Webull on all matters relating to or arising from this Campaign (including the eligibility of any trade to be considered within the scope of this Campaign and the eligibility of any person to participate in this Campaign) is absolute, final and binding and no correspondence and/or requests to retract and/or to modify any such decisions shall be considered. In the event of any inconsistency between these terms and conditions and any marketing material relating to this Campaign, these Terms and Conditions shall prevail.
47. Webull, its affiliates, its and their respective employees, directors, officers, representatives and agents shall not be liable to any person for any loss, damage, injury, costs or expenses incurred, suffered, borne or arising from this Campaign.
48. These Terms and Conditions are governed by and interpreted according to the laws of Singapore and the participants in this Campaign agree to submit to the exclusive jurisdiction of the courts of Singapore.
49. Exclusion Of Third-Party Rights: Except as otherwise expressly provided, no person who is not a party to this Agreement shall be entitled to enforce any terms of this Agreement solely by virtue of the Contracts (Rights of Third Parties) Act 2001.
50. English Version Shall Prevail: The advertisement or Campaign content may be translated into other languages. This English version shall be referred to where such a translation is made. Should there be any discrepancies between the English version and any version of the content in another language, the English version shall prevail.
51. This advertisement has not been reviewed by the Monetary Authority of Singapore.