deposit:
- $1
Trading platform:
- Proprietary platform
- US Securities and Exchange Commission (SEC)
- Financial Services Regulatory Authority (FINRA)
- Securities Investor Protection Corporation (SIPC)
Webull Review 2024
deposit:
- $1
Trading platform:
- Proprietary platform
- 1:2 for overnight trades, 1:4 for intraday trades
- Access to margin trading is available when depositing funds from $2,000
Important!
We want you to be sure that the company you register with can be trusted - which is why we have done extensive research. We looked at a large number of factors to bring you only the top options when it comes to stock investments. Below, you’ll find a quick overview of our selection - these are currently the best stock brokers that you can invest your money with.
Summary of Webull Trading Company
Webull is a reliable broker with the TU Overall Score of 7.09 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Webull clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews showed that the broker’s clients are mostly satisfied with the company. Webull ranks 12 among 79 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
Webull is a trading and investing broker focused on experienced market participants.
Webull is an American broker-dealer headquartered in New York City and is a FINRA (CRD#: 289063/SEC#: 8-69978), SIPC, NYSE, and NASDAQ member. The company was incorporated in May 2017, and in January 2018 it was already registered with the SEC and CFTC. It is part of Webull Financial LLC and is licensed to carry out brokerage activities in all 50 US states. The broker offers a wide range of stock market assets, futures, professional analytics and an intuitive trading platform with a variety of technical and fundamental analysis tools.
💰 Account currency: | USD |
---|---|
🚀 Minimum deposit: | From $1 |
⚖️ Leverage: | 1:2 for overnight trades, 1:4 for intraday trades |
💱 Spread: | No |
🔧 Instruments: | Stocks, options, futures, ETFs, ADRs, cryptocurrencies |
💹 Margin Call / Stop Out: | No |
👍 Advantages of trading with Webull:
- Zero commission when trading stocks, options, and ETFs.
- No minimum deposit requirements for brokerage and retirement (IRA) accounts.
- Access to professional intelligent analytics and trading tools.
👎 Disadvantages of Webull:
- There is no support for trading in mutual funds, futures, bonds or stocks of the OTC markets.
- It doesn’t provide an opportunity to make transactions with currency pairs.
- Cryptocurrency trading is available only in mobile applications.
- Replenish your account from $2,000 to trade with favorable leverage.
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Expert Review of Webull
The Webull broker provides two types of trading accounts: cash and margin. Trading with a margin account allows you to get credit up to USD 1,000 in purchasing power after making a deposit.
You can use these funds for trading, but in this case, the balance on your account may become negative because you are using credit and not personal/cash funds.
You can customize the trading platform to your own trading needs, making it possible to track trends and potential opportunities for your investment strategy. The terminal offers free real-time quotes for securities (Nasdaq Basic, Nasdaq TotalView, and NBBO), a variety of tools for research and analysis, and over 50 technical indicators.
The extra trading and withdrawal fees, the limited number of ways to make a deposit, and the lack of an online chat are the main disadvantages of Webull.
Latest Webull News
Dynamics of Webull’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets, and Products of the Broker
Webull enables you to invest free capital in over 5,000 shares, options, ETFs, and ADRs.
ETFs are Webull's popular investment solution
Webull’s clients can diversify their portfolio by choosing ETF trading. The broker provides hot ETF lists and screeners, making it easier for an investor to find promising assets. Features of investments in exchange-traded funds through the Webull intermediary:
An investor can track ETFs according to specified parameters such as industries, countries, or strategies.
Trading is available 24/5 (excluding market holidays).
The broker doesn’t charge ETF trading fees; however, fees are charged by the SEC and FINRA regulators.
You can manage your portfolio from any device.
ETFs are baskets of stocks and bonds that combine the benefits of investment diversification and trading flexibility. ETFs are traded on major exchanges, making them fairly straightforward tools for professionals.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Webull’s affiliate program:
Referral program. The partner gets 2 free shares that cost from $8 to $1,600 for each connected referral who has replenished the balance for $100 or more within 30 days from the date of opening the account.
Publishing a unique referral link on various sites allows you to get extra income for attracting new clients to the brokerage company.
Trading Conditions for Webull Users
The Webull broker provides an opportunity to invest in popular stock market assets with zero commission. On November 19, 2020, the company added cryptocurrencies to the instruments available for trading. However, transactions with digital currency can be performed only in the mobile application. This broker allows you to trade with leverage from 1:2 up to 1:4. The amount of the margin depends on the type of trades. The minimum deposit for all types of brokerage accounts starts at $1.
$1
Minimum
deposit
1:2
Leverage
24/7
Support
💻 Trading platform: | Proprietary platform |
---|---|
📊 Accounts: | Paper account (demo), margin account, cash account |
💰 Account currency: | USD |
💵 Replenishment / Withdrawal: | Wire transfer, payments through the automated clearing house ACH |
🚀 Minimum deposit: | From $1 |
⚖️ Leverage: | 1:2 for overnight trades, 1:4 for intraday trades |
💼 PAMM-accounts: | No |
📈️ Min Order: | No data |
💱 Spread: | No |
🔧 Instruments: | Stocks, options, futures, ETFs, ADRs, cryptocurrencies |
💹 Margin Call / Stop Out: | No |
🏛 Liquidity provider: | No data |
📱 Mobile trading: | Yes |
➕ Affiliate program: | Yes |
📋 Orders execution: | No |
⭐ Trading features: | Access to margin trading is available when depositing funds from $2,000 |
🎁 Contests and bonuses: | Yes |
Webull Commissions & Fees
Account type | Spread (minimum value) | Withdrawal commission |
Marginal | From $0.02 | Yes |
Cash | From $0.02 | Yes |
Additional commission for funds withdrawal can be charged by banks, recipients, intermediaries, and senders of payments. We compared the trading fees of webull.com and popular online brokers. Please keep in mind when analyzing data from the table that Webull does not provide access to the foreign exchange market, so the level assigned can be considered conditional.
Broker | Average commission | Level |
Webull | $0.02 | Low |
Charles Schwab | $11 | High |
Detailed Review of Webull
The Webull broker offers to increase your purchasing power by using margin accounts. The company gives traders temporary money even before the funds are credited to the balance, which allows them to start trading without waiting for the money to be transferred to the bank account. You can trade stocks and ETFs with instant purchasing power; however, this option is not available for trading options or cryptocurrencies.
Webull by the numbers:
-
$150 million is the total coverage of securities and customer funds.
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Over 5,000 trading assets are available.
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$0 is a commission for trading stocks, ETFs, and options.
Webull is a broker for professional traders using key analytics
Webull allows you trade stocks, ETFs, options, cryptocurrencies and ADRs. The company offers advanced trading capabilities including various types of orders. Its clients get access to deep analysis tools such as intuitive charts, various screeners, detailed fundamental data crunchers, and industry news. The broker also provides advanced second-level Nasdaq TotalView quotes (free for the first three months after opening an account).
The Webull terminal is accessible from any device. Desktop platform with support for multiple screens and increased performance is compatible with Windows, Mac, Linux and supports over 45 widgets, 50 technical indicators, and 12 charting tools. The mobile application is available for Android iOS devices. The web version runs on Chrome, Safari, Firefox and other browsers.
Useful Webull services:
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Market. Market data for 6 asset categories (stocks, ETFs, indices, Forex, futures, cryptocurrencies) and over 100 exchanges, including Nasdaq, NYSE, LSE, HKEX, SGX, NSE, and BOM.
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Advanced charts. Linear, candlestick, and bar charts with timeframes from 1 to 60 minutes are available. They display the history of the asset's price changes over 5 years.
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Indicators. MACD and RSI oscillators, Bollinger bands, moving averages, cash flow indices, etc., are presented.
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Financial calendars. Displays upcoming reports on business earnings, IPOs and other financial events.
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Stock screeners. A tool for searching trading strategies with the ability to customize filters based on fundamental or technical analyses.
Advantages:
You can trade from mobile, desktop, tablet or web platforms.
The terminal has options that make the work as convenient as possible: you can place orders and view tickers using just your voice, or use the "Big Button Mode" to place trades quickly.
The broker supports extended trading hours: full pre-trades from 4:00 AM to 9:30 AM ET and untimely hours from 4:00 pm to 8:00 pm ET.
Over 5,000 different stocks and ETFs can be traded without commissions.
No software fees, no account opening or maintenance fees.
If the requirements for the balance size are met, you’ll have access to short positions and an unlimited number of daily transactions.
How to Start Making Profits — Guide for Traders
Webull offers two types of trading accounts for individual clients: cash and margin. They differ in purchasing power, the type of transactions available, and their number.
Types of accounts:
Webull has a demo account called Paper Account. You can go there from the broker's website or through the mobile application of the trading platform.
Webull focuses on independent investors and active traders with an average-to-high level of experience.
Bonuses Paid by the Broker
When opening a brokerage account, you have a chance to get 2 free stocks at the price of between $2
50 and $250. When choosing Facebook, Starbucks, or Snap securities the chance to win a bonus is 1:100. When specifying shares of Google, Procter & Gamble, or Kraft Heinz, the chance of getting a prize increases to 1:50. When a new client deposits $100 or more, the company is guaranteed to provide 2 free shares in the amount from $8 to $1,600.
Investment Education Online
There is no training or education section on www.webull.com. You can find useful information by clicking the Help button. In addition to reference data covering the stock exchange, the company's website has a blog and a Market section with an overview of the trading markets.
Trading on a demo account allows you to consolidate the acquired theoretical skills in practice without financial risks.
Security (Protection for Investors)
Webull Financial LLC is a broker-dealer registered with the US Securities and Exchange Commission (SEC) and the Financial Services Regulatory Authority (FINRA). The company is a member of the Securities Investor Protection Corporation (SIPC), the New York Stock Exchange (NYSE) and Nasdaq.
The brokerage is insured. Coverage limits protect securities and funds up to $37.5 million for securities of any client and up to $900,000 for a trader's funds with an active account at Webull. However, cryptocurrency trading is offered through an account with Apex Crypto, which is not a registered broker-dealer or FINRA member, so digital currency assets are not insured.
👍 Advantages
- The broker is insured.
- You can file a complaint with the body that controls the broker’s activities
👎 Disadvantages
- The insurance does not apply to cryptocurrencies
- Time consuming period to open an account and for verification
- Limited choice of payment systems following the requirements of regulators
Withdrawal Options and Fees
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There are 2 ways to withdraw funds: bank transfer and ACH transfer (only for customers with a bank account opened in the United States). International transfers shall be carried out through the SWIFT channel. Local bank transfers for US residents are processed using a nine-digit ABA transit code number.
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Withdrawals via ACH take 4-5 business days. Internal bank transfers within the United States are processed within 2 business days, international transfers take up to 5 business days.
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Withdrawals through ACH are commission-free. The broker charges a fee for withdrawing money by bank transfer: it is $25 for traders from the United States, and $45 for clients from abroad. Also, extra commissions can be charged by the sending bank/intermediary/recipient.
Customer Support Service
Support service assistance is available 24/7.
👍 Advantages
- Twenty-four/seven availability
- Support service languages: English and Chinese
👎 Disadvantages
- No online chat
There are several ways to contact customer support:
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by phone, using the numbers indicated on the site;
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by email;
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Write a message in Facebook Messenger or Twitter.
It is not necessary to open an account to contact the broker's representatives. Support is available to all traders, even without registering at www.webull.com.
Contacts
Foundation date | 2017 |
Registration address | 44 Wall Street, New York, NY, USA |
Regulation |
US Securities and Exchange Commission (SEC), Financial Services Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC) |
Official site | webull.com |
Contacts |
Email:
customerservices@webull.us,
|
Review of the Personal Cabinet of Webull
Follow the instructions to become a Webull customer:
Go to the broker’s official website and click on "Open an account" or the "Start" button on its main page.
Enter your email address or phone number, and then confirm it. Click "Open Account" in the middle of the navigation bar. In most cases, the account creation application will be automatically approved. Fill in your details indicating a valid SSN (Social Security Number) or ITIN (Personal Taxpayer Identification Number). US residents shall provide a document evidencing US citizenship, permanent resident card, or valid visa.
The following is available in the Webull personal account:
Also, in the user's personal account you can:
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View the watchers generated for the most interesting assets.
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Study reviews of the global and cryptocurrency markets, as well as data on the US and Hong Kong exchanges.
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Select the most promising tools by region (USA, Canada, China) and sectors (chemistry, transport, energy, etc.) using a screener.
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Contact a technical support representative.
Read also about other stock brokers:
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FAQs
Do reviews by traders influence the Webull rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Webull you need to go to the broker's profile.
How to leave a review about Webull on the Traders Union website?
To leave a review about Webull, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about Webull on a non-Traders Union client?
Anyone can leave feedback about Webull on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
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