Thanks, I decided to give it a shot with your referral link.
Here's mine:
https://act.webull.com/i/LDFwGbjDX3niIt looks similar to RobinHood. You get a free share of stock trading between $3 and $300 for signing up (as does the person who's
referral link you used). Odds are it will be something trading around $3 - $5
$50 - $300 range, odds are 1:500
$10 - $50 range, odds are 1:55.6
$3 - $5 range, odds are 1:1.02
Also, through 3/31/19 if you deposit at least $100 in your account within 30 days of signing up you get another free share of stock (as does the person who's
referral link you used) The odds for this second share are a bit better and the stock will be trading in the $4 - $1,000 range.
$1,000 range, odds are 1:2,000
$200 - $1,000 range, odds are 1:200
$8 - $100 range, odds are 1:74
$4 - $8 range, odds are 1:1.02
The initial bonus doesn't require you to deposit any cash or link a bank account to receive it. Just signing up is sufficient. They require the typical information needed to open any brokerage account: name, address, social security number, investor profile, etc. The second free share of stock does require a $100 deposit with the usual ACH verification of depositing a few cents then taking it back.
Compared to RobinHood the app itself certainly provides more information. RobinHood is pretty barebones when it comes to providing market information (i.e. the graphs aren't even labeled on the y-axis for what stocks are trading at). It looks like this app incorporates some additional technical analysis tools as well as a lot more financial information, analyst ratings, etc. It does not have options trading or cryptocurrencies as RobinHood does, but from a stock perspective looks superior in terms of interface and market research. It does include the option of a margin account for free with short selling allowed. With RobinHood that requires you to pay monthly for the premium RobinHood Gold. They're also in the process of introducing some additional order types like stop-loss.
FYI although the trades are commission free they still charge something like a penny to cover the transaction costs. They do sell order flow to high frequencies traders which seems to be a substantial income stream for RobinHood as well. Just stick to using limit orders and you should be ok. I doubt many people will be transacting high-dollar trades through this platform, and either way losing a penny here or there is a lot better than a $6-10 commission elsewhere.