How to Use Webull Referral Link in Malaysia (2026)
Takes ~20 minutes · KYC required · Reward: up to RM1,000 · SC-regulated · Verified Apr 2026
Webull Referral — Quick Answer
No code needed — use the referral link
Reward: Up to RM1,000 · US stocks + Bursa · Commission-free US trading · SC-regulated
Download Webull via Referral Link →Step-by-Step: How to Use Webull Referral Link
- 1
Download Webull via the referral link
Click the referral link from ReferralCodeMY to download the Webull MY app (App Store or Google Play). Webull does not use a referral code field — the link automatically tracks your referral so your reward is credited correctly.
Tip: Webull is operated by Webull Securities (Malaysia) Sdn. Bhd., a Capital Markets Services Licence (CMSL) holder regulated by the Securities Commission Malaysia. The global Webull platform has over 20 million users.
- 2
Register with your email or mobile number
Open the Webull MY app and tap 'Sign Up'. Register with your email address and create a password, or use your Malaysian mobile number. You'll receive an OTP to verify your contact details.
Tip: Use the same email address you'll use for account notifications and tax documents — Webull sends annual broker statements to your registered email.
- 3
Complete KYC verification
Webull requires identity verification to open a brokerage account. Submit your MyKad (front and back photo), take a selfie, and provide personal and financial information. Declare your tax residency (Malaysia). KYC approval typically takes 1–3 business days.
Tip: Webull's KYC is more detailed than e-wallet apps because it is a regulated broker. Have your bank account details ready — you'll need them to link a bank for deposits and withdrawals.
- 4
Make your first deposit
Once approved, go to 'Funds' → 'Deposit'. Transfer funds via FPX online banking in MYR. Check the current reward tiers in Webull under Promotions — different deposit amounts unlock different reward tiers up to RM1,000.
Tip: Check the Webull app's current promotion page before depositing — reward tiers and qualifying amounts change with each campaign. Deposit the amount that corresponds to the reward tier you want to unlock.
- 5
Execute your first trade to unlock rewards
After depositing, complete a qualifying trade (e.g., buy at least one share of a US or Malaysian stock). Your reward — in the form of free stock credit or cash vouchers — is typically credited within a few business days of meeting the qualifying conditions.
Tip: US stock trading on Webull is commission-free. Malaysian stocks (Bursa) are available at competitive rates. The referral reward can be in the form of free stocks, trading vouchers, or account credit — check the current campaign for exact reward format.
Common Mistakes to Avoid
- ✗Don't sign up directly from the App Store — use the referral link to ensure the reward is tracked
- ✗Don't deposit before checking the current reward tiers — amounts and rewards change by campaign
- ✗Don't expect instant reward — it typically takes a few business days after qualifying
- ✗Don't confuse Webull with unlicensed forex brokers — Webull is SC-regulated for stocks
FAQ
Does Webull Malaysia have a referral code?
Webull Malaysia does not use a referral code field during sign-up. The referral is tracked via the referral link — click the Webull referral link on ReferralCodeMY to automatically register under the referral programme. No code needs to be entered.
How much can I earn from the Webull Malaysia referral programme?
New Webull Malaysia users can earn up to RM1,000 in rewards when signing up via referral link and making a qualifying first deposit. The exact reward is tiered by deposit amount — larger deposits unlock higher reward tiers. Check the current promotion in the Webull app under Promotions before depositing.
Is Webull regulated in Malaysia?
Yes. Webull Securities (Malaysia) Sdn. Bhd. holds a Capital Markets Services Licence (CMSL) from the Securities Commission Malaysia, authorising it to deal in securities. It is a regulated broker — not a forex or CFD platform. Your cash is held in a trust account separate from Webull's operational funds.
What stocks can I trade on Webull Malaysia?
Webull Malaysia supports US stocks (NYSE, NASDAQ) with commission-free trading, Malaysian stocks (Bursa Malaysia), and Hong Kong stocks. The platform offers real-time quotes, advanced charting, paper trading (practice mode), and extended hours trading for US stocks.
How is Webull different from Moomoo?
Both are SC-regulated brokers with similar feature sets. Moomoo offers a higher referral reward (up to RM2,000 vs RM1,000) and is backed by Futu Holdings (NASDAQ-listed). Webull has a slightly cleaner, simpler interface that some beginners prefer. Both support US and Malaysian stocks with no US commission. Many Malaysian investors open both accounts to claim rewards from each.