Brokerages Offered Incentives Amid Webull Stock Slump

Robinhood and Public have launched transfer incentives after a House committee report questioned Webull's ties to China.

Updated on Oct. 8, 2026 in Investing

Isometric editorial illustration of two steel conduits diverging from a base, representing the systematic transfer of financial assets. — Robinhood and Public are offering 3% transfer incentives to attract Webull customers following a House Select Committee report regarding the company's foreign ties. AI Illustration. Upload story photo >

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Robinhood and Public.com are currently offering a 3% incentive on assets transferred from Webull to their platforms. This push follows a House Select Committee report that alleged Webull maintains ties to the Chinese government, leading to a sharp decline in the company's stock.

Why it matters

The House committee investigation has intensified concerns regarding data security and corporate ties, prompting competing firms to aggressively court Webull customers. Analysts suggest this heightened scrutiny could lead to a permanent migration of traders toward platforms perceived as having fewer geopolitical risks.

Robinhood and Public are both offering a 3% match on incoming asset transfers, with Public additionally providing a rebate of $0.06 to $0.18 per options contract. Webull stock currently sits at its lowest price point since April 2025.

The players

Robinhood

Robinhood is a financial services company known for pioneering commission-free stock trading in the United States.

Public.com

Public.com is an investing platform based in New York that allows users to trade stocks, ETFs, and options.

Webull

Webull is a brokerage firm that provides an online platform for trading stocks and other financial instruments.

House Select Committee

The House Select Committee is a legislative body that investigates specific policy issues and potential national security threats.

The details

Webull has disputed the findings presented in the House Select Committee report, labeling the allegations as inaccurate. In response to the report, Robinhood and Public used posts on X to advertise their transfer programs to users looking to move their brokerage and IRA accounts.

April 2025 marked the previous low point for BULL stock.
BULL stock closed down approximately 19% on Wednesday.
The news regarding transfer offers was published on October 8, 2026.

Investing
Oct. 7
House Committee Flagged Webull Security Risks
Investing
Sept. 29
Robinhood Expanded AI Trading and Crypto Services
Investing
Sept. 29
Webull Added AI Assistant Trade Preparation

Market Landscape

This aggressive recruitment of customers follows a pattern of heightened government scrutiny toward foreign-linked entities set by the Foreign Investment Risk Review Modernization Act. The shift reflects an intensifying arms race among retail brokerages to capitalize on regulatory-driven sentiment changes.

Customers currently holding accounts with Webull can leverage these 3% matching offers to potentially increase their portfolio value upon switching. However, users should carefully evaluate the fees associated with closing their existing accounts before initiating a transfer.

The takeaway

Increased geopolitical scrutiny often results in rapid shifts in market share within the retail finance sector. Investors should prioritize platforms that provide clear disclosures regarding their ownership structures and data security protocols.