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Webull Review
Webull is an online trading platform that enables users to trade stocks with no commissions via their mobile app or desktop. With the platform, users can trade on mobile, PC, and on the web. Plus, users also get access to the full extended trading hours, including pre-market and after hours trading, so you can get the best price on your stock purchases. Webull also provides 24/7 customer support.
Pros
- 5 different instrument types to trade – you can choose from stocks, exchange traded funds, options, margins and even cryptocurrencies to trade.
- Invest in fractional shares – you can customize your own portfolio right down to a single % point by buying a portion of a share, starting from $5.
- Access to full extended hours trading – you can trade during both pre-market hours (4 am to 9.30 am) and after hours (4 pm to 8 pm) with Webull.
- 3 trading interfaces and 24/7 support – trade on PC, web, or mobile and get help at any time of day with the platform’s 24/7 customer support hotline.
Cons
- High margin fees – you must have at least $2000 to access margin trading, which has an annual rate of 6.99% for debit balances under $25,000.
- Instant withdrawal is not available – withdrawals take 1 to 2 business days to process and there is a 7 day holding period for ACH deposits.
Jump to: Full Review
Compare to Other Investment Apps
Fundrise
Invest in real estate properties with a $10 minimum initial investment
Historical annual return varies from 8.8% to 12.4% (2019 – 9.47%)
Low annual fees: advisory – 0.15%; management fee – 0.85%
Public App
Manage your portfolio of stocks, ETFs, and crypto investments – all in one place
Over 5000 stocks and ETFs to choose from (dividend stocks available)
Follow other investors, see their portfolios, and exchange ideas
Acorns
Invest your spare change in a diversified portfolio built by experts
Expect up to 7.5% annually returns with plans starting from $3 a month
Earn bonus investments from 350+ Acorns Earn partners
How Does Webull Work?
Founded in 2017 and based in New York, Webull is an app-based brokerage featuring commission-free stock and ETF (exchange-traded fund) trading. The company was founded by Wang Aquam.
Webull allows you to;
- Enjoy free commissions and no minimum deposit.
- Access smart tools for investing.
- Invest in various companies to diversify your portfolio.
- Use Webull trading tools and analytics to create your portfolio.
- Diversify your holding by investing in a group of stocks with the same convenience as a single stock.
How Much You Can Earn With Webull?
Webull Reviews: Is Webull Legit?
| Website | Rating |
|---|---|
| App Store | 4.7 |
| Google Play Store | 4.4 |
| Trustpilot | 3.5 |
Who Is Webull Best for?
Webull is best for investors and traders who want to start trading in the financial market with no minimum account size or commission fee. It is also best for traders and investors who want advanced tools and services to leverage their trades.
Tools That Webull Offers
Here’s the list of advanced tools Webull offers:
- Technical indicators
- Economic calendars
- Ratings from research agencies
- Margin trading
- Short-selling
Webull Fees: How Much Does It Cost to Invest With Webull?
While Webull doesn’t charge commissions for trading stocks, ETFs, and options listed on the US exchanges, fees are still applied by the regulatory bodies like SEC, FINRA, and OCC.
These regulatory agencies ensure the security of your funds. They also make sure that you can withdraw your funds anytime, even if the company goes bankrupt.
| Charged by | Types | Fees | Rule | |
|---|---|---|---|---|
| Stock/ETF | The U.S securities and Exchange Commision (SEC) | Transaction fee | $0.0000221 * total $ trade amount (min $0.01) | Sells only |
| Charged by | Types | Fees | Rule | |
|---|---|---|---|---|
| Stock/ETF | Financial Industry Regulatory Authority (FINRA) | Regulatory fee | 0.000119 * total trade volume min $0.01 per – max $5.95 per | Sells only |
| Charged by | Types | Fees | Rule | |
|---|---|---|---|---|
| Options | The U.S securities and Exchange Commision (SEC) | Transaction fee | $0.0000221*total $ trade amount (min $0.01) | Sells only |
| Charged by | Types | Fees | Rule | |
|---|---|---|---|---|
| Options | Financial Industry Regulatory Authority (FINRA) | Trading activity fee | $0.002 * number of contracts (min $0.01) | Sells only |
| Charged by | Types | Fees | Rule | |
|---|---|---|---|---|
| Options | Options Exchanges | Options regulatory fee | $0.0388 * number of contractors | Buys & sells |
| Charged by | Types | Fees | Rule | |
|---|---|---|---|---|
| Options | Options Clearing Corp (OCC) | Clearing fee | $0.045 * number of contractors (max $55 per trade) | Buys & sells |
Annual Margin Rate
Webull requires you to have a minimum balance of $2,000 on your account to trade on margin. The table below shows the margin rates for a set of dollar account balances.
| Debit Balance | Annual Margin Rate |
|---|---|
| $0 to $25,000 | 6.99% |
| $25,000.01 to $100,000 | 6.49% |
| $100,000.01 to $250,000 | 5.99% |
| $250,000 to $500,000 | 5.49% |
| $500,000.01 to $1,000,000 | 4.99% |
| $1,000,000.01 to 3,000,000 | 4.49% |
| >$3,000,000 | 3.99% |
Deposit & Withdrawal Fees
| Action | Region | Fees |
|---|---|---|
| ACH Deposit | U.S Bank account | $0.00 |
| ACH Withdrawal | U.S Bank account | $0.00 |
| Deposit via Wire Transfer | U.S Bank account | $8 per deposit |
| Withdrawal vis Wire Transfer | U.S Bank account | $25 per withdrawal |
| Deposit via Wire Transfer (International) | Not a U.S Bank account | $12.5 per deposit |
| Withdrawal vis Wire Transfer (International) | Not a U.S Bank account | $45 per withdrawal |
Webull Features: What Does Webull Offer?
Research
Webull offers research tools, so you get more informed and invest smarter.
The stock research tool is used for researching stocks using a screener, analyst ratings, price targets, company news, and the list of ETFs that include the stock as a holding. However, the platform doesn’t provide technical analysis insights, research reports, or in-house market commentary.
The Webull community acts like a private Twitter feed where users share their thoughts or post reactions to a price movement on individual stocks and news. You can not only learn a lot from this community but also earn points if you share your prediction, and it comes true.
Webull points are redeemable for Webull products like entries to paper trading competitions where you can win real money trading virtual portfolios.
Web Platform Charting
Webull offers charting features, including different types of charts, adequate drawing tools, technical indicators, grid layouts so you can compare multiple charts, and the ability to add hotkeys.
Market Replay
The market replay is a unique feature Webull offers. It allows you to view video replays of stock chart time-lapse. This educational feature gives you a unique perspective not found at any other broker.
Desktop App & Its Features
Webull offers intuitive apps that you can download on different desktop devices. You can easily customize the layout using the drag and drop widget boxes.
Moreover, the desktop platform provides a high-level overview of markets, news headlines, and analyst ratings. It also includes predefined lists (e.g., hot ETFs), essential watch lists, and screener functionalities.
Mobile App
Webull’s provides intuitive and sleek apps for mobile devices where you can find graphs and data in an easy to digest format. The Webull app is available on iOS and Android devices.
Customer Service
You can find answers to most of your questions on Webull Help Center at any time. You can also contact the support team via email or phone.
Webull Requirements
To open a Webull account, you need to;
- Provide proof of identity and residency.
- Be 18 years old and above.
- Transfer the minimum deposit to your brokerage account to start trading.
- Have a minimum balance of $2,000 on your account to trade on margin
Webull Payout Terms and Options?
Webull sends you earnings via ACH and Wire Transfer. There is no cash-out limit, and your funds might take 1 to 3 business working days to reflect on your account.
Webull Risks: Is Webull Safe to Invest With?
Webull is a safe and risk-free company to invest in since it is a top-tier financial website regulated by financial authorities. Additionally, it offers $500,000 investor protection, including a $250,000 limit for cash under the SIPC protection scheme.
How Does Webull Protects Your Money?
Webull has integrated various features on its platform to protect your money. These features include;
- Two-factor authentication.
- 128-bit encryption
- Mobile secure features and firewalls.
- It also provides security Investor Protection insurance of up to $250,000.
What Are the Webull Pros & Cons?
Webull Pros
- No account minimums required.
- Commission-free trading in over 5,000 different stocks and ETFs.
- No account maintenance fees, membership, or software platform fees.
- A clear interface makes all the charts and tools easily understandable.
Webull Cons
- Lack of educational content.
- No interest on uninvested cash available.
- It doesn’t support trading in mutual funds, bonds, or OTC stocks.
How Good Is Webull Support and Knowledge Base?
Webull has a comprehensive online knowledge base with an FAQ section, answered questions, blogs and articles. You can also contact the support team via email, phone, or by filling out the contact form on the website.
Webull also has a community forum on Twitter where users engage, ask questions, and receive answers from the Webull customer agents.
Webull does not offer Mutual Funds Screener and ETF to its platform users.
Webull Review Verdict: Is Webull Worth It?
Webull is a reliable and recommended trading platform with tools to help you level up your trading skills and earn more on the platform. You can earn up to $500 per month trading on the site..
Additionally, you will be awarded $500,000 investor protection, including a $250,000 limit for cash under SPL. Moreover, the platform does not have a cashout limit and you can request to withdraw your earnings via ACH Wire Transfer.
However, if you’re a beginner or haven’t built a well-diversified, long-term portfolio yet, Webull might not be the right place to start. The platform lacks educational content, so the advanced tools Webull provides may only be confusing and not give you much value if you’re still in the learning process.
How to Sign Up With Webull?
Step 1 – Set Up an Account
The first step to getting started with Webull is setting up an account. You can either sign up using an email address or your mobile number. Once you’ve provided your email or phone number, Webull will send you a verification code you need to input to move to the next step.
Once you’ve entered the verification code, you’ll be required to fill out the form with your personal information.
You’ll need to enter:
- Country of residence
- Your legal name
- Date of birth (you must be at least 18 years old)
- Marital status
- Social security number
- Employment status
Lastly, Webull will also need to understand your financial goals. You’ll be required to answer some questions, such as your total net worth and your annual income.
Step 2 – Verify Your Identity
After you finish filling out your application, you’ll be required to verify your identity. In fact, the regulatory bodies (SEC and FINRA) require Webull to ask you to verify your identity. You’ll have to take a shot of your State ID or driver’s license and upload a picture to the platform.
Step 3 – Leverage the Webull Features
Finally, shortly after you upload the proof of your identity, the Webull team will review your application and approve your account. Once your account is approved, you can start using the app and make your first deposit to start trading.
Sites Like Webull
| Company | Webull | Acorns | Fundrise | Public |
|---|---|---|---|---|
| Logo | 
|
|
|
|
| Service fee | No service fee | No service fee | No service fee | No service fee |
| Minimum investment | Free | $3 | $10 | $1 |
| Best for | Online trading | Investing online | Real estate investing | Stock trading |
Webull vs. Acorns
Acorns Summary
- Low account fees from just $3 per month
- Get $5 in your account for referrals
- Low minimum starting investment amount
- High average return on investments of 7.5%
Like Webull, Acorns does not charge any service fee. Webull and Acorns are risk-free and reliable trading platforms that provide you with legitimate ways of making money online. Unlike Webull, Acorns has a minimum investment fee of $3.
While Webull is best for online trading, Acorns is best for investing online. Moreover, both platforms provide you with easy and quick access to their online platforms. Otherwise, both platforms have a user-friendly interface that is easy to navigate.
Webull vs. Fundrise
Fundrise Summary
- Low minimum starting investment of $10
- High historical returns of 8.8% to 12.4%
- 1% of management fees
- Diverse portfolios of up to 16 investments
While Fundrise’s minimum investment is $10, Webull has no minimum investment. Like Webull, Fundrise also has a user-friendly interface that is easy to navigate. Webull does not charge an annual fee, while Fundrise charges a yearly fee of $1.
As for service fees, both platforms do not charge any service fee. Webull and Fundrise are legitimate trading platforms you can use to earn passive income. Moreover, both platforms use two-factor authentication and 128-bit encryption security features to protect your investments.
Webull vs. Public
Public App Summary
- Invest in stocks, ETFs, and crypto
- $0 commission fees for any stock trades
- Over 100 articles to learn about investing
- Low 1-2% commission for crypto trades
Webull offers investors to trade stocks, options, equities, closed-end funds, ETFs, and cryptocurrencies. On the other hand, the Public only offers access to ETFs, closed-end funds, and stocks.
In addition, both platforms do not charge any service fee. Webull and Public provide easy and quick access to their platforms. In terms of minimum investments, Public has a minimum investment of $1 compared to Webull, no minimum investment.
Moreover, Webull has a robust platform available on mobile and desktop devices, offering advanced trading tools and features. On the other hand, Public has a website with no login, and you can only manage your account using your mobile device.
Webull vs. Robinhood
Robinhood Summary
- $0 commission on all stock trades
- Invest in fractional shares from just $1
- 3 different trading options to choose from
- Get 0.3% APY on your uninvested cash
Robinhood and Webull both have no trading or membership fees. While Robinhood offers a more diverse selection of investment options (stock trading, fractional shares, and options), Webull offers a better experience with trading and research tools.
Moreover, Robinhood and Webull are robust trading platforms available on both mobile and desktop devices. Both sites have user-friendly websites that is easy to navigate. However, Robinhood is better for beginner investors than Webull because it provides educational content.
Webull vs. Stash
Stash Summary
- Start investing with any dollar amount
- Buy fractional shares from just $0.05
- Low monthly fee starting at $3
- Insurance coverage of up to $10,0001
Webull is a commission-free trading platform that gives you access to advanced features, including market data and trading charts. While Webull has a user-friendly interface that is easy to navigate, Stash is not as user-friendly, offering portfolios and limited stocks for a monthly membership fee of $3 or $9.
In addition, Stash’s minimum investment is $5 compared to Webulls’ no minimum investment. Moreover, Stash offers free insurance coverage of up to $10,000, while Webull’s free insurance coverage is up to $250,000.
Other Sites Like Webull
Alternative Investment Sites
Personal Capital
M1finance
Stash
Farmtogether
Rocket Dollar
Betterment
Webull
Blooom
Webull FAQ
What Is Webull?
Is my information safe and data safe with Webull?
Webull uses two-factor authentication to protect your information and data. It also has a strict privacy policy and does not share your data.
How much can I make on Webull?
The amount of money you make on Webull depends on your buying and selling strategy. But you can make up to $500 or more.
Where is Webull available?
Webull is available in the US and China.
Does Webull have a mobile application?
You can download Webull from the App Store or Google Play Store.
Is investing in Webull Worth it?
Investing in Webull is worth it since it offers low costs and advanced trading tools you can use to boost your income on the platform.