Webull Sign Up Bonus Singapore (Q4 2026) — What You Actually Get, How NCD Works, and the One Rule That Trips Everyone Up

A lot of people open their Webull account during the campaign window and then lose part of their bonus through one or two avoidable mistakes. This post focuses not just on what the sign-up bonus is, but on the specific mechanics you need to understand before you fund your account.

The referral link for the October to December 2026 campaign:

webull.com.sg/s/uIYsgltwLQ2XTOgNqp

Detailed full guide at dlcuration.com/webull-referral-code.html

What is the Webull sign-up bonus for Singapore right now?

The current campaign (30 Sep – 31 Dec 2026) offers new users up to S$2,438 in combined rewards across three tracks.

The foundation is the Welcome Reward, which gives you NVDA (NVIDIA) fractional shares and free stock vouchers based on how much you deposit. The minimum deposit to unlock any reward is S$3,000 net cumulative.

On top of that, if you signed up via a referral link, you also earn an exclusive Referee Bonus of up to S$500 in additional free stock vouchers — stacked on top of your Welcome Reward, at the same tier.

The third track is a S$50 NVDA Trading Bonus available to anyone who makes 3 qualifying stock or ETF Buy-to-Open trades after reaching S$3,000 NCD.

Understanding Net Cumulative Deposit — the most misunderstood part

This is where most people make their mistake.

NCD is not simply the amount you transferred in. It is calculated as: Total Deposits minus Total Withdrawals minus Total Shares Transferred Out

Capital gains and losses are excluded. Inbound share transfers are also excluded and do not count toward your NCD.

Here is why this matters in practice:

Say you deposit S$10,000 on Day 1. Your NCD is S$10,000 — you are in the S$10K tier. On Day 45, you withdraw S$2,000 for an unexpected expense. Your NCD drops to S$8,000. You are now below the S$10K threshold during the maintenance period, and your reward for that tier is permanently forfeited. There is no recovering it by topping up.

The maintenance period starts from the most recent time your NCD continuously reached your tier threshold. So if you hit S$10,000 on Day 5 and maintained it, your 90-day clock started on Day 5, not at the end of your 30-day top-up window. This actually works in your favour — the maintenance period can start earlier than you think.

The 30-day tier determination window

After your first deposit, you have 30 days to reach your target tier. You can top up within those 30 days to aim higher. Your NCD at the end of the 30-day window determines your reward tier — though as noted above, the maintenance clock starts from when you first continuously hit that threshold, not from Day 30.

The referral link bonus: what changed in October 2026

In the previous campaign (ending 30 Sep 2026), the Referee Bonus was paid as extra NVDA fractional shares. From October, it switches to free stock vouchers. The vouchers can be used to buy any US, Singapore, or Hong Kong stocks and ETFs via Buy-to-Open orders. They expire 90 days after you claim them, so do not sit on them.

The Referee Bonus amounts by tier for the current campaign:

S$3,000 deposit, hold 30 days: +S$30 in vouchers
S$10,000 deposit, hold 90 days: +S$50 in vouchers
S$30,000 deposit, hold 90 days: +S$80 in vouchers (this tier is new in October 2026)
S$100,000 deposit, hold 90 days: +S$150 in vouchers
S$300,000 deposit, hold 180 days: +S$500 in vouchers

Depositing in USD or HKD instead of SGD?

Webull SG accepts deposits in multiple currencies and applies fixed conversion rates for NCD purposes: SGD 1 = USD 0.78 = HKD 6.15 = CNH 5.26

So if you plan to fund in USD, S$3,000 is equivalent to US$2,340 and S$10,000 is US$7,800. The same rates apply when calculating withdrawals.

What are the free stock vouchers and how do they work?

Free stock vouchers let you buy any stocks or ETFs listed on US, Singapore, or Hong Kong exchanges. They are applied at the point of purchase — you place a Buy-to-Open order and the voucher value offsets the cost. They are not cash and cannot be withdrawn. Unused vouchers expire 90 days after you claim them.

The Trading Bonus — S$50 extra and often overlooked

The Trading Bonus does not require any extra deposit beyond S$3,000 NCD. Once you reach that threshold, simply complete 3 qualifying trades within 30 days of hitting it. A qualifying trade is a filled Buy-to-Open order worth at least US$100 or S$150 or HK$900 per trade. This earns you S$50 in NVDA shares, issued within 15 business days after the 3 trades are confirmed.

Note that the 30-day clock for the Trading Bonus starts from when you reach S$3,000 NCD — not from your sign-up date or first deposit date.

The reward delivery timeline you need to know

Free Stock Vouchers from Welcome Rewards: issued within 15 business days after you maintain S$3K–S$100K NCD for 30 days (or S$300K NCD for 60 days)
NVDA shares from Welcome Rewards: issued within 15 business days after your full maintenance period ends
Referee Bonus vouchers: issued within 15 business days after your full maintenance period ends
Trading Bonus NVDA shares: issued within 15 business days after your 3 qualifying trades are confirmed

After each reward appears in My Rewards, you have 30 days to manually claim it. After claiming NVDA shares, they are credited to your account within another 15 business days. After claiming vouchers, you have 90 days to redeem them before they expire.

Eligibility checklist before you start