The companys well-designed mobile app makes it easy to buy and sell stocks, ETFs and cryptocurrency.
Webull is best for active traders comfortable placing their own stock and ETF trades.
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
Ask one of these companies to help…
While the Webull platform features a thriving user community, its traditional education resources are slim.
It also lacks access to some common securities, likebondsand mutual funds.
Beginning investors in search of personalized guidance or a passive investment strategy should look elsewhere.
Other key features include real-time market quotes, full extended-hours trading and commission-free crypto trading.
In December 2021, Webulls CEO reported 7 million active users up from 2 million just a year earlier.
Curious if Webull is right for you?
Our Webull review breaks down everything you’re gonna wanna know.
Theres no account minimum, inactivity fees, annual advisory fee or monthly subscription cost.
Theres no commission on stock or ETF trading either.
Account Types
Webull provides access to three types of investment accounts:
It also accepts IRA rollovers.
Webull doesnt offer a cash management account like some of its competitors.
Unlike Robinhood, Webull users do not earn interest on uninvested cash.
Margin brokerage accounts let you borrow money against your investments.
As the buyer, you pay part of the purchase price and the online broker lends you the difference.
You need at least $2,000 to open a margin trading account.
Webull charges margin accounts interest for leveraged positions held overnight.
Investment Types
Webull gives users a somewhat limited selection of tradeable asset types.
You cant purchase bonds, Treasury notes, T-Bills or any other fixed-income securities on the platform either.
However, the platform doesnt currently support stock trading on foregin exchanges.
Extended hours let active traders buy and sell as early as 4 a.m. or as late as 8 p.m.
In July 2021, Webull gave users the ability to tradefractional shares of stocksand ETFs.
You need at least $5 to purchase fractional shares.
Like its rival Robinhood, Webull also gives new usersfree stockswhen they sign up.
Options Trading
Options traders will be hard-pressed to find a better platform for free trades.
Webull doesnt charge a per-trade commission or a per-contract fee for options.
Users also get access to real-time options data and free index data.
Webull users cant send or receive crypto from their Webull account.
If you want to make a withdrawal, you must sell your crypto for USD coin first.
Trading Platforms
Webull gives users a few ways to view and access their accounts.
The Webull desktop trading platform and web version are nearly identical.
Both offer highly customizable interfaces with drag-and-drop widget boxes.
However, the desktop version includes a bit more flexibility and customization.
Trading Tools and Educational Resources
Webull offers advanced trading tools sufficient for most casual traders.
However, its stripped down, minimalist approach excludes more sophisticated tools offered by other brokers.
Likewise, Webulls educational resources leave much to be desired.
you’ve got the option to also save a customized search and convert it to a watchlist.
Webull gives users two tiers of market data.
Everyone gets access to Level 1 trading data.
After that, Level 2 data access costs $1.99 a month.
Educational Resources
Webull lacks in-depth educational resources for new investors.
Likewise, Webull doesnt offer financial calculators or similar tools.
Its learning center focuses more on how to use Webulls platform and features than on investing fundamentals.
However, the company seems to be taking active steps to improve educational offerings.
A useful source of information for new investors is Webulls online community, which functions like a Twitter feed.
Traders can comment on stock news and post reactions to price changes.
you might also create your own posts to get input and suggestions from other stock traders.
Webulls paper trading feature is designed to help investors get familiar with the platform and basic order entry.
Paper trading is just simulated trading: Investors create fake portfolios without using real money.
Its a safe way to play the stock market without any risk.
Webulls paper account has some limits.
For example, you cant simulate options trading.
What Webull Doesnt Offer
Webull takes a slimmed down approach to online trading.
Simplicity is nice, but its minimalist approach excludes some key features and securities found on other trading platforms.
Its important to consider both the pros and cons before opening a Webull account.
Webull is one of the newer mobile app trading platforms, debuting in 2017.
Webull also employs security features like two-factor authentication, 128-bit encryption and firewalls to keep info safe.
(Can you sense my millennial sarcasm there?)
You know which ones were talking about: rent, utilities, cell phone bill, insurance, groceries…
