Terms and Conditions
By participating in this Moneybull 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. 1. Definitions 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. 2. The Campaign Period 2.1. This Campaign is organised by Webull Securities (Singapore) Pte. Ltd. (“Webull”) and is valid from 16/10/2023 16:00 SGT – 16/11/2023 15:59 SGT (both dates inclusive) (the “Campaign Period”). 3. Campaign Eligibility 3.1. This Campaign is applicable to members of the public (the “Participants”) who: 3.1.1. have received Webull's promotional push notification, email, pop-up, and other in-app advertisements to participate in this campaign. 3.2. Webull employees, representatives and agents are not eligible for this Campaign. 3.3. Unless otherwise stated, Participants of this Campaign may also concurrently take part in other campaigns and promotions organised by Webull. 3.3.1. Participants of this Campaign may not take part in the Transfer-in Rewards Campaign. If the Participant concurrently takes part in both Campaigns, the Participant will only be entitled to the rewards from the Transfer-in Rewards Campaign. The Participant will not receive any rewards from this Moneybull Promotion. 4. Campaign Mechanics 4.1. The Participants must meet the following requirements to receive Reward A: 4.1.1. Requirements stated in Clause 3; 4.1.2. Tap on the “Participate Now” button on the Campaign landing page in the Webull App within the Campaign Period; 4.1.3. Successfully make an initial minimum deposit of any amount as allowed by the Webull App, at the time of funding, within the Campaign Period; 4.1.4. Participants must also accumulate his/her deposits to USD3,000 or more between 16/10/2023 16:00 SGT – 30/11/2023 15:59 SGT; and 4.1.5. Maintain a Net Cumulative Deposit of USD3,000 or more in their Account for a holding period up till 29/02/2024 23:59 SGT. The Net Cumulative Deposit in the Participant’s account on 29/02/2024 23:59 SGT will determine which tier of Campaign Reward they can receive. 4.1.5.1. The Net Cumulative Deposit is calculated based on the accumulated deposit amount between 16/10/2023 16:00 SGT – 30/11/2023 15:59 SGT minus the accumulated withdrawal amount between 16/10/2023 16:00 SGT - 29/02/2024 23:59 SGT. Capital gains and losses are excluded. 4.1.5.2. All withdrawals made between 16/10/2023 16:00 SGT to 29/02/2024 23:59 SG will reduce the Participant’s final Net Cumulative Deposit on 29/02/2024 23:59 SGT. This includes withdrawal made to any cash that was deposited before the Campaign Period. 4.1.5.3. If the Participant deposit/withdraw a currency other than USD, it will be converted to the equivalent USD amount at the exchange rate of SGD1 = USD0.7297 to determine the value of the Participant’s accumulated deposits and withdrawals accordingly. 4.1.5.4. 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. 4.1.5.5. In order to be eligible for Reward A, the funding stated in Clause 4.1.3. must be settled within the Campaign Period. 4.2. After fulfilling the requirements stated in Clause 4.1., Participants must meet the following requirement to receive Reward B: 4.2.1. Activate the Moneybull feature by 30/11/2023 15:59 SGT via the Webull App; 4.2.1.1. If the Participant is currently holding a cash Account, he/she must convert the Account into a margin Account via the Webull App before activating Moneybull. 4.2.1.2. In order to be eligible for Reward B, all Account conversions and Moneybull activations must be completed by 30/11/2023 15:59 SGT. 4.3. Each Participant can only receive a maximum of 1 reward from Reward A and 1 reward from Reward B and the value of the rewards are as follows:
5. Redemption of Rewards 5.1. The Cash Vouchers will be automatically added to the Participant’s Account by 05/03/2024 23:59 SGT after all the necessary conditions stated in Clause 4 above are met. 5.2. Once the Cash Voucher has been issued and reflected in the Participant’s Account, the value of the Cash Voucher will be credited into the corresponding Account within 7 business days. 5.3. The rewards are limited to one redemption per Account and cannot be transferred, with no more than one Account registered per person. If your Webull account shows any sign of fraud, abuse, or suspicious activity, Webull reserves the right, in its sole discretion, to forfeit your rewards and limit your chance to participate in future promotions. 5.3.1. This includes activities such as using multiple Accounts to receive multiple rewards and immediate account closing upon receiving the rewards. 6. Indemnities 6.1. 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. 6.2. 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. 6.3. 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: 6.3.1. Suspension of the security from the exchange; 6.3.2. Delisting of the security from the exchange; or 6.3.3. The security failing to list on the exchange. 6.4. 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. 6.5. 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. 7. Additional Terms 7.1. 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. 7.2. 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. 7.3. 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. 7.4. Webull’s decision on all matters relating to this Campaign will be at its discretion and will be final and binding on all participants. 7.5. 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: 7.5.1. Unintended stock claim conducts; 7.5.2. Fabrication or submission of false data; 7.5.3. Exploiting a bug in the system. 7.6. 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. 7.7. Dispute Resolution: Webull reserves the right to resolve any disputes incurred. 7.8. 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. 7.9. 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. 7.10. 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. 7.11. 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. 7.12. 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. 7.13. This advertisement has not been reviewed by the Monetary Authority of Singapore.