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Webull Review

Webull Review

 

Webull is a reliable broker with a trust score of 50 out of 100. It is authorized and regulated by FINRA and offers a maximum leverage of 4:1.

 

🛡️Regulated and trusted by SEC and FINRA
🛡️2608 new traders chose this broker in the last 90 days.
🛡️Available for global Traders.

 

🔎 Broker Name🥇 Webull
📌 Year Founded2017
👤 Amount of StaffApprox. 1,000 employees
👥 Amount of Active TradersOver 2 million active users
📍 Publicly TradedUS stock exchange
🛡️ RegulationFINRA
⭐ Country of RegulationUnited States
📈 Suited to Professionals✅Yes
📉 Suited to Active Traders✅Yes
📊 Suited to Beginners✅Yes
🥰 Most Notable BenefitCommission-free
trading and a user
friendly platform with
advanced charting
tools.
🥺 Most Notable DisadvantageLimited international
availability and some
limitations on
advanced asset types
for Forex.
↪️ Account Segregation✅Yes
🚨 Negative Balance ProtectionNot applicable
🅰️ Investor Protection SchemesSIPC (Securities
Investor Protection
Corporation) for up to
$500,000 in customer
protection.
🅱️ Account Types and FeaturesIndividual
IRA
Futures
Advisor
Entity
➡️ Institutional AccountsNo (Webull does not offer institutional accounts)
↘️ Managed AccountsNo (Webull does not offer managed accounts)
💴 Minor Account CurrenciesUSD
💶 Minimum Deposit$0 (for standard trading accounts)
⏰ Average Deposit Processing TimeInstant (for most payment methods)
⏱️ Average Withdrawal Processing Time1-2 business days
💵 Fund Withdrawal FeeNo fees for standard
withdrawal methods
💷 Spreads FromVariable (depends on
the asset and market
conditions)
💳 Commissions$0 (commission-
free trading)
💸 Number of Base Currencies1 (USD)
🏧 Swap FeesYes (Swap fees
applicable for
positions held
overnight)
📈 Leverage4:1 (for retail clients
in the US)
📉 Margin Requirements25-30% (depending
on the asset and
account type)
🆓 Demo Account✅Yes
⏲️ Order Execution TimeFast (Typically under 1 second)
📊 Total CFDs OfferedPrimarily stocks
ETFs, and options,
no direct Forex
CFDs)
💹 CFD Stock Indices✅Yes
🍊 CFD Commodities✅Yes
💱 CFD Shares✅Yes
🪙 Deposit OptionsBank transfer,
ACH,
debit/credit card,
Webull’s proprietary
methods (via a
connected bank
account)
💰 Withdrawal OptionsBank transfer,
ACH
🖥️ Trading PlatformsWebull Desktop
Mobile App
💻 OS CompatibilityWindows,
macOS,
iOS,
Android
🖱️ Forex Trading ToolsLimited
❤️ Customer SupportResponsive
🚩 Live Chat✅Yes
💌 Support Emailsupport@webull.com
☎️ Contact Number1-888-828-0618
(US-based)
🔖 Social MediaFacebook, Twitter, Instagram, YouTube
🗯️ LanguagesEnglish,
Spanish
✏️ Educational ResourcesLimited
📔 Forex CourseNone
📚 WebinarsNone
📒 Educational ResourcesArtciles,
Videos
Knowledge Centre
📑 Affiliate Program✅Yes
🚀Open an Account👉 Open Account

 

Overall Rating

Min Deposit

USD 250

Regulators

SEC, FINRA

Trading Platform

Own Web Trading Platform

Crypto

Yes

Total Pairs

0

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

Webull Review – Key Point Quick Overview

 

  1. ☑️ Overview
  2. ☑️ Advantages Over Competitors
  3. ☑️ Safety and Security
  4. ☑️ Bonus Offers and Promotions
  5. ☑️ Minimum Deposit and Account Types
  6. ☑️ How to Open an Account with Webull
  7. ☑️ Trading Platforms and Tools
  8. ☑️ Fees, Spreads, and, Commissions
  9. ☑️ Education and Research
  10. ☑️ Customer Reviews
  11. ☑️ In Conclusion
  12. ☑️ Frequently Asked Questions

 

 

Overview

Webull is a reliable US-based brokerage founded in 2017, offering commission-free trading with advanced charting tools. Regulated by FINRA, it caters to professionals, active traders, and beginners, providing a user-friendly platform for trading stocks, options, and ETFs. However, it has limitations when it comes to advanced Forex assets and international availability.

With over 2 million active users and a wide range of account types, Webull is an excellent option for retail traders looking for zero-commission trades and a robust trading platform.

 

Frequently Asked Questions

 

What is Webull’s minimum deposit requirement?

Webull has a minimum deposit requirement of $0 for standard trading accounts.

 

Does Webull offer commission-free trading?

Yes, Webull offers commission-free trading for stocks, options, and ETFs.

 

Is there a demo account available with Webull?

Yes, Webull provides a demo account for users to practice and familiarize themselves with the platform.

 

Does Webull offer negative balance protection?

No, Webull does not offer negative balance protection.

 

Our Verdict

Webull stands out for its commission-free trading, strong regulatory oversight, and intuitive platform, making it a solid choice for active traders and beginners. However, its limited Forex offerings and international restrictions may be a downside for some users.

 

Overall Rating

Min Deposit

USD 250

Regulators

SEC, FINRA

Trading Platform

Own Web Trading Platform

Crypto

Yes

Total Pairs

0

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Advantages Over Competitors

Webull offers several advantages over other brokers, particularly in its commission-free trading model, making it an attractive option for cost-conscious traders. It also provides a user-friendly platform with advanced charting tools, ideal for both beginners and active traders. The fast execution times (under 1 second) and robust customer support via live chat further enhance the trading experience.

While the lack of institutional accounts and limited Forex trading tools may put off some professionals, the platform’s ease of use and zero-commission structure remain its key strengths.

 

Frequently Asked Questions

 

Can I trade Forex with Webull?

Webull offers limited Forex trading options, with no direct Forex CFDs available.

 

What is the average processing time for deposits on Webull?

Deposits are typically processed instantly for most payment methods.

 

Does Webull offer investor protection?

Yes, Webull is a member of SIPC, which protects up to $500,000 in client funds.

 

Is Webull publicly traded?

Yes, Webull is publicly traded on the US stock exchange.

 

Our Verdict

Webull’s commission-free trading, swift order execution, and user-friendly interface give it a clear edge for retail traders seeking a straightforward, cost-effective trading experience. Its limitations in Forex and institutional services may be drawbacks for more advanced users, but it remains an appealing choice for the majority of retail traders.

 

Overall Rating

Min Deposit

USD 250

Regulators

SEC, FINRA

Trading Platform

Own Web Trading Platform

Crypto

Yes

Total Pairs

0

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Safety and Security

Webull is regulated by the SEC and FINRA, ensuring compliance with U.S. securities laws. As a member of SIPC, Webull offers protection up to $500,000, with a $250,000 cash limit. It also has excess SIPC coverage underwritten by Lloyd’s of London, providing up to $100 million in additional protection. However, SIPC does not cover market losses or futures/options on futures.

 

Frequently Asked Questions

 

Is Webull regulated?

Yes, Webull is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

 

Does Webull offer investor protection?

Yes, Webull is a member of the Securities Investor Protection Corporation (SIPC), providing protection up to $500,000 for securities, with $250,000 for cash claims.

 

Does Webull offer extra protection beyond SIPC?

Yes, Webull carries an excess SIPC policy with Lloyd’s of London, offering additional protection up to $100 million.

 

What does SIPC protection cover?

SIPC protects customers from the failure of a brokerage firm, but it does not cover market fluctuations or losses in investment value.

 

Our Verdict

Webull provides robust safety and security measures by being regulated by the SEC and FINRA and offering protection through SIPC membership. The additional coverage from Lloyd’s of London further strengthens its security offerings.

However, investors should understand that SIPC does not cover market fluctuations or losses in investment value, which is an important consideration when trading.

 

Overall Rating

Min Deposit

USD 250

Regulators

SEC, FINRA

Trading Platform

Own Web Trading Platform

Crypto

Yes

Total Pairs

0

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Bonus Offers and Promotions

Webull offers a variety of promotions designed to enhance the trading experience for its users. New and existing customers can take advantage of offers such as free fractional shares, cash bonuses, and higher interest rates on deposits.

For example, deposit between $500 and $1999.99 to receive 20 free fractional shares, or deposit $2,000 or more for 40 free fractional shares. Webull also offers a 2.0% cash bonus and up to 6.0% APY on eligible deposits, as well as a 3.5% match on IRA transfers and new contributions.

Traders can also enjoy commission-free trading for their first 50 futures contracts after a $500 deposit, along with complimentary CME Group Level 2 market data. These promotions make it easier to maximize returns while trading or saving with Webull.

 

Frequently Asked Questions

 

How can I get free fractional shares from Webull?

Deposit between $500 and $1999.99 to receive 20 free fractional shares, or deposit $2,000 or more to receive 40 free fractional shares.

 

What is the 2.0% cash bonus offer?

Webull offers a 2.0% cash bonus plus up to 6.0% APY for eligible deposits or transfers.

 

Can I get a bonus for transferring my IRA to Webull?

Yes, Webull offers a 3.5% match on IRA transfers and new contributions.

 

What is the Futures Promotion on Webull?

Deposit $500 and trade your first 50 futures contracts commission-free, along with 3 months of free CME Group Level 2 Market Data.

 

Our Verdict

Webull provides a wide range of attractive bonuses and promotions, from free fractional shares to cash bonuses and IRA transfer incentives. These offers can be a great way to enhance your trading experience and increase your returns.

However, some promotions require minimum deposits and have conditions to meet, so it’s important to review the specific terms before participating.

 

Overall Rating

Min Deposit

USD 250

Regulators

SEC, FINRA

Trading Platform

Own Web Trading Platform

Crypto

Yes

Total Pairs

0

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Minimum Deposit and Account Types

Webull offers a range of account types suited to different trading and investment needs. The available accounts include Individual accounts (cash and margin), IRA accounts (Roth, Traditional, and Rollover), Futures, Advisor, and Entity accounts.

For Individual accounts, you can select either a cash account, where you pay in full for securities, or a margin account, which allows you to borrow funds to leverage investments. Weibull’s IRA options include Roth IRAs for after-tax contributions, Traditional IRAs for pre-tax contributions, and Rollover IRAs for transferring funds from other retirement plans.

The Futures account is designed for trading futures contracts, while Advisor accounts offer automated, personalized investment strategies. Entity accounts are for legal entities like corporations and LLCs to manage investments.

 

Frequently Asked Questions

 

What types of accounts can I open with Webull?

Webull offers Individual accounts (cash and margin), IRA accounts (Roth, Traditional, and Rollover), Futures accounts, Advisor accounts, and Entity accounts.

 

What is a margin account?

A margin account lets you borrow funds using your existing securities as collateral to buy more securities, potentially amplifying both gains and losses.

 

What is the difference between a Roth and a Traditional IRA?

A Roth IRA uses after-tax dollars for retirement savings, while a Traditional IRA allows contributions with pre-tax dollars and tax withdrawals at retirement.

 

What is a Futures account?

A Futures account is for trading futures contracts, which are agreements to buy or sell an asset at a future date for a predetermined price.

 

Our Verdict

Webull offers a variety of account types to cater to different investors, whether you’re a beginner or a seasoned trader. The availability of cash and margin accounts, along with tax-advantaged IRAs, futures trading, and entity accounts, ensures that Webull provides flexible options to suit various financial goals.

 

Overall Rating

Min Deposit

USD 250

Regulators

SEC, FINRA

Trading Platform

Own Web Trading Platform

Crypto

Yes

Total Pairs

0

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

How to Open an Account with Webull

Opening an account with Webull is a straightforward process. Here’s what you need to know:

 

Requirements to Open an Account:

 

  • You must be a resident of the United States or its territories.
  • You must be at least 18 years old.
  • Full name, date of birth, phone number, email address, and U.S. residential address.
  • Provide your Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN).
  •  You’ll need to provide your citizenship status.

 

VISA Acceptance:

Webull accepts E1, E2, E3, F1, H1B, TN1, O1, and L1 VISAs, but these cannot replace identification documents.

 

Steps to Open a New Account:

 

  • Go to the Webull mobile app or website.
  • The platform will guide you through the sign-up process for a brokerage or retirement account.
  • Submit your details, identification, and any additional documents as requested.
  • Once your account is set up, fund it to begin trading.

 

The process is quick and easy, and you’ll be ready to start trading once your account is approved!

 

Overall Rating

Min Deposit

USD 250

Regulators

SEC, FINRA

Trading Platform

Own Web Trading Platform

Crypto

Yes

Total Pairs

0

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Trading Platforms and Tools

Webull offers a range of powerful and customizable trading platforms to suit every trader’s needs. Whether you’re at home or on the go, Webull’s platforms provide real-time market insights and tools to enhance your trading experience. Webull’s platforms include WebTrade, Webull Mobile, and the Webull Desktop App.

These platforms support a variety of investment options, such as stocks, ETFs, options, futures, and more. Features like customizable tick charts, voice quotes for real-time updates, and tools for paper trading and futures trading make Webull’s offerings particularly powerful.

Whether you are a beginner or an experienced trader, Webull’s platforms allow you to trade efficiently with ease and flexibility.

 

Frequently Asked Questions

 

What types of trading platforms does Webull offer?

Webull provides three main platforms: WebTrade (browser-based), Webull Mobile (for smartphones), and Webull Desktop App (for PC users).

 

What are the key features of Webull’s trading platforms?

Key features include customizable tick charts, real-time insights, new TPO indicators, voice quotes, paper trading, and tools for futures trading.

 

Can I trade on Webull’s platforms using a mobile device?

Yes, Webull offers a mobile app that allows you to trade stocks, options, and more from your smartphone while staying updated on the market.

 

What investment options are available on Webull’s platforms?

Webull’s platforms support a wide range of investment options, including stocks, ETFs, margin trading, options, futures, fixed income, and more.

 

Our Verdict

Webull’s trading platforms offer cutting-edge tools and flexibility for traders of all levels. With features like customizable charts, real-time market updates, and access to a broad range of assets, these platforms cater to both beginner and advanced traders.

 

Overall Rating

Min Deposit

USD 250

Regulators

SEC, FINRA

Trading Platform

Own Web Trading Platform

Crypto

Yes

Total Pairs

0

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Fees, Spreads, and, Commissions

Webull offers a commission-free trading experience for stocks, ETFs, and options listed on U.S. exchanges. The platform is designed to keep costs transparent, with no minimum deposit requirements. Webull generates revenue through stock loans, interest on free credit balances, margin interest, and payment for order flow, rather than charging traditional commissions.

However, certain regulatory and exchange fees may apply, such as a $0.55 per contract fee for some index options. Fees are also charged by regulatory agencies, including the SEC and FINRA, which Webull passes through to clients.

Webull does not profit from these regulatory fees, which include a regulatory transaction fee and the CAT regulatory fee. Additional fees may apply for trading low-priced or OTC securities.

 

Frequently Asked Questions

 

Does Webull charge commissions for trading stocks, ETFs, and options?

No, Webull offers commission-free trading for stocks, ETFs, and options listed on U.S. exchanges.

 

What are the regulatory fees that Webull charges?

Webull passes on regulatory fees including a $0.0000278 per trade transaction fee by the SEC, a FINRA fee of $0.000166 per share (up to $8.30 per trade), and a CAT regulatory fee.

 

Are there any fees for trading low-priced or OTC securities?

Yes, Webull charges additional fees for low-priced securities and OTC trades. For example, a $0.0002 per share fee for low-priced stocks under $1 and foreign settlement fees for F-stocks.

 

Does Webull charge fees for transferring stocks in or out?

Transfers to Webull are free, but there is a $75 fee for outgoing stock transfers.

 

Our Verdict

Webull stands out with its zero-commission trading for stocks, ETFs, and options, offering a cost-effective option for retail investors. While there are some regulatory and exchange fees, these are generally transparent and are not a profit-generating mechanism for Webull.

Additional fees may apply for specific types of trades (e.g., low-priced stocks or OTC securities), but for most users, Webull’s fee structure is straightforward and competitive.

 

Overall Rating

Min Deposit

USD 250

Regulators

SEC, FINRA

Trading Platform

Own Web Trading Platform

Crypto

Yes

Total Pairs

0

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Education and Research

Webull offers a variety of educational resources designed to help both novice and experienced traders navigate the financial markets. While Webull does not provide traditional courses or webinars, it provides useful articles, videos, and a knowledge center with helpful insights.

The platform’s resources cover a range of topics, from beginner trading tips to advanced investment strategies, ensuring that traders can access the information they need to make informed decisions.

 

Frequently Asked Questions

 

Does Webull offer online courses for learning to trade?

No, Webull does not offer formal online courses or webinars. However, it provides educational articles, videos, and a knowledge center to assist traders in learning.

 

Can I practice trading without using real money on Webull?

Yes, Webull offers paper trading, allowing users to practice trading strategies without risking real money.

 

Are there beginner-friendly resources available on Webull?

Yes, Webull provides educational content that covers a variety of topics suitable for beginners, including trading basics and platform tutorials.

 

Does Webull offer advanced trading education?

Webull has some resources for advanced traders, including articles and videos on technical analysis, but it lacks formal, in-depth courses for seasoned traders.

 

Our Verdict

Webull provides essential educational resources that cater to both beginners and advanced traders, although its offerings are somewhat limited compared to other platforms that provide formal courses or webinars. Its resources, such as the knowledge center and paper trading features, are useful for those looking to get started or refine their trading strategies.

 

Education and Research

 

Customer Reviews

 

🥇 Powerful Tools and Fast Execution

As an active trader, I’ve tried several platforms, and Webull stands out for its speed and customization options. The charting tools are top-notch, and I can easily analyze market trends in real-time. Order execution is lightning-fast, and I never miss an opportunity. Webull has improved my trading experience. – Kate

 

🥈 Perfect for Investors Looking for Low-Cost Trading

Webull is fantastic for those who want to trade stocks and options without paying commission fees. I switched to Webull from another broker because of their zero-commission structure and haven’t looked back. The platform is easy to navigate, and their mobile app keeps me on top of the market at all times. It’s the perfect choice for anyone looking to reduce trading costs while still having access to advanced tools. – Emily

 

🥉 Great Platform for New Traders.

I’ve been using Webull for a few months now, and I love the user-friendly interface. As a beginner, I found their educational articles and paper trading feature incredibly helpful in building my skills before diving into real trades. I also appreciate that there are no commissions, making it easy to start without worrying about extra fees. Highly recommend it for anyone starting their trading journey! – James

 

Customer Reviews

 

In Conclusion

Webull offers a competitive and user-friendly trading platform, especially appealing to beginners and active traders. With commission-free trades, fast order execution, and robust regulatory oversight from FINRA, Webull is a trustworthy choice. However, it falls short for traders looking for comprehensive Forex tools or institutional services.

Overall, Webull excels in providing an accessible, cost-effective solution for stock and options traders, but those with more advanced needs may find its offerings limited.

 

References:

 

 

Frequently Asked Questions

 

What is Webull’s minimum deposit requirement?

$0 for standard trading accounts.

 

Does Webull offer commission-free trading?

Yes, all trades in stocks, options, and ETFs are commission-free.

 

What trading platforms does Webull offer?

Webull provides a desktop platform and mobile app for both iOS and Android.

 

Is there a demo account available with Webull?

Yes, Webull offers a demo account for practice.

 

Can I trade Forex with Webull?

Webull has limited Forex options and does not offer direct Forex CFDs.

 

Does Webull offer investor protection?

Yes, Webull is a member of SIPC, offering up to $500,000 protection for clients.

 

Is Webull regulated?

Yes, Webull is regulated by FINRA in the United States.

 

What is the average withdrawal processing time at Webull?

1-2 business days for most withdrawal methods.

 

Does Webull charge withdrawal fees?

No fees for standard withdrawal methods.

 

What types of accounts does Webull offer?

Webull offers individual, IRA, futures, advisor, and entity accounts, but no institutional or managed accounts.

Author Details

Picture of Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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