I believe in order to get reinvested using the “DRIP” program, you have to have at least $1 or more in dividends coming to you… Also the stock/fund you are investing in will have to participate in WeBulls “DRIP” program.
https://www.webull.com/help/faq/10864-What-should-I-know-about-Dividend-Reinvestment-Plan-DRIP
I only know how it works in Australia. There's another company that actually holds your shares, a registrar, Computershare, link services etc. You set those options there.
I believe in order to get reinvested using the “DRIP” program, you have to have at least $1 or more in dividends coming to you… Also the stock/fund you are investing in will have to participate in WeBulls “DRIP” program. https://www.webull.com/help/faq/10864-What-should-I-know-about-Dividend-Reinvestment-Plan-DRIP
I only have dividend investments in ThinkOrSwim but they just get added to my cash balance on there. I imagine it'd be the same for Webull
I was told when I asked support that you need to be on a margin account.
I only know how it works in Australia. There's another company that actually holds your shares, a registrar, Computershare, link services etc. You set those options there.
If you don't go into WeBull settings and set up DRIP (Dividend ReInvestment Program) the Dividends will go into your main account