posted on investor board but may be pertinent discussion here as I plan to combo this 3% taxable with RH 3% Roth
seems like
Webull responding to the Robinhood 3% IRA transfer bonus, got this email this morning
Dear Valued Clients:
Thank you for being a part of Webull ! Enjoy commission-free trading on a wide range of assets, advanced charting tools, and real-time market data! Webull is revolutionizing the way individuals approach investing!
Check out this limited-time offer! Earn 2% cashback on deposits and 3% cashback from ACAT transfers made to your Margin Account between 2/21/2024 12:00 AM ET – 3/15/2024 11:59 PM ET!
You can participate in this promotion via both funding methods!
haven't looked too much into it but sounds like it's essentially a 3% bonus on transfers into taxable trading acct? essentially tripling Robinhood's 1% taxable transfer match
I posted the terms viewable from app, states acct must maintain at least the total transfer amount through Aug2025, more appealing than 5yrs at RH
I've used Webull as my 'play money' trading acct that's nearing 6 figures, but wouldn't mind transferring in all my individual stock positions in Vanguard for a couple grand free money, pretty much all long holds at this pt I don't do much actual trading.
I transferred my Roth to RH since it's all long and 3% untaxed and on top of contribution limit is golden, held back on 401K to avoid pro rata and preserve backdoor Roth ability, and taxable since only 1%
strongly considering this at 3% since I've used Webull already, like the interface and charts better than most and the 4am-7pm EST trading is nice to have
any thoughts on what else needs to be considered here?