Webull Referral Link Singapore — The 5 Things You Must Know Before Signing Up (October 2026)

The Webull referral link for October 2026 is live, and the promotion has genuinely changed from the previous campaign. But the rewards come with conditions that are easy to miss. I've gone through the full T&Cs so here are the 5 things you actually need to know before you commit.

Active Webull SG referral link (Oct–Dec 2026):👉 https://www.webull.com.sg/s/uIYsgltwLQ2XTOgNqp

Full verified guide: https://dlcuration.com/webull-referral-code.htmlCampaign runs: 30 Sep 2026 – 31 Dec 2026

1. There are three separate reward pools — you can earn all three simultaneously

Most people focus on the Welcome Rewards tier table and miss that Webull actually has three independent tracks:

Welcome Rewards (up to S$1,888): NVDA fractional shares + free stock vouchers. Available to all new users.
Referee Bonus (up to S$500): Additional free stock vouchers on top. Only for referral link sign-ups — signing up directly from the app or App Store gives you nothing from this pool.
Trading Bonus (S$50): NVDA shares for completing 3 qualifying trades.

None of these three tracks cancel each other out. Sign up via the referral link, reach your deposit tier, and trade three times — you qualify for all three simultaneously.

2. The October campaign added a new S$30,000 deposit tier

In every Webull SG campaign before October 2026, your only options between S$10,000 and S$100,000 were... just S$10,000 and S$100,000. There was a big gap.

This campaign added S$30,000 as its own tier:

Welcome Rewards: S$320 NVDA shares + S$98 free stock vouchers = S$418
Referee Bonus (referral link only): +S$80 free stock vouchers
Combined at S$30K tier: S$498

This makes the S$30K tier quite attractive for investors who found S$100K too steep but felt S$10K left a lot of reward on the table.

3. "Net Cumulative Deposit" is not the same as your account balance

This is where people lose their rewards. NCD is calculated as:

NCD = Total Deposits − Total Withdrawals − Shares Transfer-Outs

Capital gains, capital losses, dividends, and shares transferred IN are all excluded from the NCD calculation. What this means in practice: if you deposit S$10,000 and the market moves, your NCD is still S$10,000 regardless of portfolio performance. But if you withdraw even S$1 during the maintenance period, your NCD drops — and if it goes below your tier threshold on any single day, you lose all rewards and the maintenance period does not restart.

4. There are actually two time clocks running — not one

Most people assume the holding period starts from Day 1 of their deposit. It does not work quite like that:

You have 30 days from your first deposit to reach your NCD tier.
The maintenance period starts from the most recent point at which your NCD continuously reached your tier threshold.

Example: You deposit S$10,000 on Day 5 of the 30-day window and maintain it. Your 90-day maintenance clock starts from Day 5, not Day 30. This means you could actually qualify earlier than you expected.

For the Trading Bonus: the 30-day window to complete 3 trades starts from the moment your NCD hits S$3,000 — not from sign-up or first deposit.

5. Rewards do NOT auto-credit — you must manually claim them within 30 days

This is the most commonly missed step. After each reward condition is met, the reward appears in "My Rewards" within 15 business days. You then have 30 calendar days to click "Claim." If you miss that 30-day claiming window, the reward is permanently forfeited — Webull will not reinstate it.

Free stock vouchers for Welcome Rewards appear earlier in the timeline than NVDA shares for the same tier: