Webull Desktop - How to Use Webull Desktop for Free Trading?

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Webull is an online trading platform that offers zero-commission trading. It was founded in 2017 so it is relatively new to the FinTech world, but it already has an impressive user base of over 11 million people. It is compatible with several different platforms - including iOS and Android – and allows you to do everything from short-selling to margin trading.

Our experts have reviewed Webull for desktop and put together this guide to improve your trading experience. It will cover everything from the pros and cons of the platform, how to download it, and the customization options you have available. Keep reading to learn more!

Webull Desktop: What to Consider?

The Webull Desktop platform is a tool that allows you to trade stocks, ETFs, options, and crypto on your computer. When you download the software to your device, you will have complete access to research, charting options, trading, and more.

Webull for desktop gives you complete control to open an account, transfer funds, and start trading right away. The recent update allows for multi-screen support and improved performance, so you can analyze all the widgets and data you need before making a trading decision.

It has a sleek interface that boasts impressive speeds – you can access high-frequency tick data without taking up large amounts of CPU and memory. Similarly, you can customize your screens and charts to ensure that you have access to the information that is most important to you at the touch of a button.

Webull App Pros

Now that you understand what Webull’s desktop platform is, let’s review some of the advantages of using this technology. These include free trading, easy setup, impressive analysis tools, paper trading features, intuitive interface, extended trading hours, and competitive leverage options.

Free Trading

Webull offers zero-commission trading for stocks, options, and ETFs. That means that every dollar you spend on the platform goes directly into your investments – so you can get the most bang for your buck.

The desktop tool does not require you to maintain a minimum account balance, and there are no fees for inactivity, so Webull is one of the most cost-effective options for buying and selling securities. Almost all the research tools are free too, so you don’t have to worry about constantly paying more to get premium features!

Set-Up is Fast and Easy

Setting up Webull for Desktop is fast and easy. There is no complicated setup process or lengthy installation – you can download the software and start trading right away!

The account opening process is completely digital, so you will have a seamless experience regardless of what platform you choose to trade on. Webull also offers provisional credit when you make an ACH transfer, so you don’t have to wait for those funds to settle to buy stocks and ETFs.

Impressive Analysis Tools

If you are looking for an online trading tool that gives you valuable research and insights, look no further than Webull for Desktop. This platform includes a wide variety of analytics that range from technical analysis and charting features to analyst recommendations.

These impressive analysis tools will give you a competitive advantage in the market and ensure that you make data-driven and strategic decisions for your portfolio.

Paper Trading

A unique feature of Webull for Desktop is paper trading. The platform allows you to practice buying and selling stocks without spending real money – this is called paper trading. For investors that are just starting and want to gain more experience, this is the perfect opportunity to explore strategies without risking your funds.

The Platform is Intuitive

Another benefit of Webull for desktop is that the platform is intuitive. The screens are sleek and modern, and the controls are simple: drag-and-drop, + to add, - to remove, etc. As a result, you don’t have to spend hours learning how to use the technology before you can start trading and conducting research!

Pre- and After-Market Trading

The stock market is open from 9:30 AM to 4:00 EST on weekdays – excluding holidays. However, there is a lot of news that comes out outside of these hours that you may want to act on. That is why Webull for Desktop allows pre-market and after-market training. You will never miss an opportunity because you will have almost 10 more hours of additional trading time!

Competitive Leverage Options

The leverage options on Webull for Desktop are also competitive when compared to other online brokers. They offer 4:1 leverage on margin trades that are made the same day and 2:1 on those that are held overnight.

Webull Desktop Cons

Although the pros outweigh the cons, there are still some drawbacks to the Webull for Desktop platform. For instance, the product offerings are limited, minimal support is provided to investors, you are required to use bank transfers, and the analysis tools can be complex.

Limited Product Offerings

Webull for desktop has a limited portfolio of products that you can trade. You can only buy and sell US stocks, options, and ETFs, and you do not have access to anything traded on OTC exchanges

Likewise, the trading platform does not support bonds and mutual funds. These investments are an important part of a diversified portfolio, and many traders prefer to have these in their retirement accounts to balance out their holdings.

Webull also does not allow trading on penny stocks, and the crypto offerings are limited to a select few of the more popular digital tokens.

Minimal Support Provided

If you need assistance with your account or trades, it is tough to reach someone at Webull. There is no online chat function available, and the phone support is limited, so you must sometimes rely on email for communication. This can delay response times and makes it tough to get the answers you need right away.

However, Webull has an FAQ page that provides relevant information about how to fund your account, place trades, and more – you just have to navigate the site on your own.

Must Use Bank Transfers

Another complaint that users have about Webull’s desktop platform is that you have to use bank transfers for deposits and withdrawals. Wire transfers are costly, and you are required to initiate all funding directly from your bank.

Analysis Tools Can Be Complex

While the impressive analysis tools are a big benefit for intermediate and advanced traders, they can be a drawback for beginners. The charts and graphs can be overwhelming if you don't know what to look for, and it may take some time to learn about the complexities involved with technical and fundamental analysis.

How Can I Download Webull Desktop?

So, how can you download Webull for desktop? Follow this step-by-step guide that will walk you through the download and installation process for the platform.

Start by Visiting the Official Webull Website

On the homepage of the official Webull site, you will see a banner with several navigation options to choose from.

How to Download Webull Desktop

How to Download Webull Desktop

Click on Download

Click on the ‘Download’ button on the banner. This link will direct you to the webpage that contains the download links for all the compatible desktop platforms.

Choose Your Desktop Platform

Webull for Desktop works on Windows, Mac, and Linux operating systems. Depending on which device you are using, you must select the appropriate download link.

How to Choose Webull Desktop

How to Choose Webull Desktop

Complete the Installation Process

When you click on the corresponding platform, you will launch the installer program. Follow the instructions that appear on the screen so that you can install the software onto your device.

Here is what the prompt looks like on a Mac:

Download Webull Desktop for Mac

Download Webull Desktop for Mac

Launch Webull for Desktop

After the installation is complete, you can launch Webull for desktop. Simply navigate to where you saved the application and open it – then you will be prompted to log into your account so that you can begin trading!

Webull Desktop Customization

One of the many benefits of Webull for desktop is the ability to customize the platform to your liking. You can adjust the layouts, charts, and widgets so that everything is aligned according to your preferences.

You can add, remove, or rearrange widgets on your home screen so that you see the information you find most important first. You can also adjust the content and view within widgets, which is an even deeper layer of customization!

Webull Desktop Platform

Webull Desktop Platform

For example, customizing the layout of your trading screen is simple:

  • 1

    Click on ‘Trade’ in the left sidebar and choose the ‘+’ button

  • 2

    Pick either a default board or a blank board

  • 3

    Select the toolbox icon to add the tools you need

  • 4

    Drag the widgets and tools wherever you like

  • 5

    Hit the save button to name and save your new layout

As you can see, customizing your screens is straightforward. You can create multiple custom boards and toggle between them by choosing their name on the screen – allowing you to maximize the efficiency and usability of the platform.

Similarly, you can customize hotkeys for trading that will make the buying and selling process even faster. This feature allows you to designate specific key combinations that launch unique actions, so you can save time and capture market opportunities right away.

Technical Analysis

Webull for desktop includes powerful tools for charting, drawing, and research. Technical analysis is a breeze with these features since you can choose from up to 40 technical studies, 8 graph styles, and 12 drawing tools. You can even set price intervals as short as 1 minute!

Likewise, you can analyze indicators like BOLL, RSI, and more.

Webull Desktop Technical Instruments

Webull Desktop Technical Instruments

Widgets

Webull's desktop platform includes more than 45 widgets designed to enhance your trading experience. You can use them to add charts, trade stocks, analyze trends, and get notifications about news and other important developments in the markets.

Here is a sample widget that allows you to analyze the financial statements of a company at-a-glance:

Webull Desktop Widgets

Webull Desktop Widgets

Other Useful Tools

There are other useful tools for technical analysis on Webull for desktop too. These include trendline drawings, Fibonacci retracement, and benchmark overlays. You can also leverage the screener page to filter your search based on technical parameters.

News and Fundamental Analysis

There are also many tools included for fundamental analysis and news reporting. These insights include recommendations from experts, updated revenue and EPS data, insider trades, dividend details, and more. The idea is to provide all users with a news feed that will help them make buying and selling decisions in their portfolios.

For example, when you search for a stock ticker and click on the analysts' tab, the screen will populate with real-time ratings and price targets. It will tell you how many analysts believe that the stock is a buy and how many think you can sell, as well as what the average value estimates are:

Fundamental Analysis on Webull Desktop

Fundamental Analysis on Webull Desktop

Webull Options on Desktop

Webull for desktop makes it easy to trade options. Start by searching for the stock you want to buy or sell an options contract on. Next, click on the options tab or launch the options widget to create a new order.

Before you can do this, though, you will need to have opened a brokerage account and funded it.

Options on Webull Desktop

Options on Webull Desktop

Stock Trading on Desktop

Once you create an account and transfer money into it, you can start stock trading on Webull for Desktop. Enter a ticker or stock name in the search bar, then click on the appropriate company.

This will populate information into the Trade widget on the right side of the stock page. Enter the number of shares you want to buy or sell, as well as other relevant details like whether it is a stop-loss or take-profit order.

After you have input all the trade details, all you need to do is press ‘Trade’ and the order will be submitted!

Webull Crypto Trading on Desktop

Trading cryptocurrencies on Webull desktop is very similar to buying and selling stocks. Choose the digital token that you want to trade and type the symbol into the search bar. Once you select the right crypto, the trade widget will populate.

Fill in the required information – order type, quantity, and time in force – then place your trade.

Stock Trading on Webull Desktop

Stock Trading on Webull Desktop

Is Webull Desktop Free?

Most of the features on Webull Desktop are free - trades and basic research are all included with your free account. The platform also doesn't have minimum transfer requirements or a minimum account balance.

However, there are some paid features like Level II quotes which cost $1.99.

What About Trading Fees?

Webull’s online platform is appealing because they do not charge trading fees. You can buy and sell stocks, options, and ETFs without paying commission.

How Does Webull Desktop Protect My Data?

Webull has implemented all the necessary safeguards to ensure that your data is protected. They are regulated by FINRA and the SEC, which means they must comply with online security rules and confidentiality guidelines.

You can review their specialized management process designed to protect your data in their privacy policy statement.

Is Webull Desktop Good for Beginners?

You may be wondering, is Webull desktop good for beginners? The short answer is yes!

Even though there are complex tools and analysis features that cater to advanced traders, the platform itself is intuitive and user-friendly. It is not difficult to open an account, install the software, and start trading – a beginner will get the hang of it in no time!

Summary

Webull's desktop platform is one of the best ways to buy and sell options, crypto, stocks, and ETFs. The sleek and modern design makes it easy to use regardless of your skill level, but the features it provides can satisfy the needs of even the most advanced traders.

The screens are completely customizable, and you can set personalized alerts and reminders. As such, you can take complete control over your investment portfolio. It is a zero-commission platform which means you don’t have to pay anything to trade either!

FAQs

How do I download Webull for Desktop?

Visit https://www.webull.com and click on download. On the next page, choose your platform and follow the installation prompts – then all you need to do is launch the software!

Can you customize your screens on Webull for Desktop?

Webull’s desktop platform is extremely customizable. You can drag and drop widgets to rearrange them, add new ones, and remove charts that you do not use. All charts and tools can be customized to match your watch list and analysis preferences too.

How much does Webull for Desktop cost?

The Webull online trading platform is completely free. There is no cost to download the desktop application and all stock, ETFs, and options trade with zero commissions. Most of the research and analysis tools are free as well.

Which platforms is Webull for Desktop compatible with?

You can install Webull’s desktop platform on various devices, including those that use Mac, Windows, and Linux operating systems.

Team that worked on the article

Ivan Andriyenko
Author at Traders Union

Ivan Andriyenko is a financial expert and analyst. He specializes in trading in the Forex, stock and cryptocurrency markets. His preferred trading style is conservative strategies with low or medium risk, medium and long-term investments. He has 7 years of experience in the financial markets. Ivan is involved in preparation of articles for novice traders, and also of the reviews and evaluation of brokers, analyzing their reliability, trading conditions and peculiarities.

Ivan continuously tests new strategies for various assets, choosing the most effective options. In addition, he believes that helping novice traders is an important aspect of work. He shares information that beginners require – educational materials, strategies.

Ivan’s motto: continuous studying and experimentation lead to success.

Olga Shendetskaya
Author and editor at Traders Union

Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.

Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.

Olga’s motto: Do well and you’ll be well!

Mirjan Hipolito
Cryptocurrency and stock expert

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.