Webull Review
Overview
In a world of gimmicky, gamified bells and whistles, there’s an online trading and investing platform built for digital and mobile savvy users that manages to maintain an accessible and straightforward presentation.
Webull is everything we could ask for – and more. But not too much more. It’s just right. High praise in a world where you can find something wrong with most everything.
Webull is one of our top picks for traders and investors at all experience levels.
Webull calls itself “a financial company with the customer at heart, the internet as our foundation, and technology as our lifeblood.” One scroll of the platform confirms this excellent self-description.
Beyond sound and reliable technology powering a crazy easy-to-use platform, Webull also delivers on the specifics new and experienced investors care about.
In today’s market environment, you can’t put a price on this level of peace of mind.
Open an AccountPros
- Zero commissions
- No account minimums
- A wide variety of investment options, including stocks, options, ETFs, and crypto
- A comprehensive, easy-to-understand set of educational tools and modules
- Straightforward multi-platform accessibility
Cons
- Webull doesn’t cover government regulatory fees (but they’re pocket change)
- You’ll pay small fees – to the government, not Webull – for trading index options
- ACH deposits are free, but you will pay for wire transfers
Features
On Webull you can trade stocks, options, ETFs, crypto, and ADRs (foreign stocks).
For example, you can set real-time alerts that notify you of price action and technical movements. Using free real-time quotes and more than 50 indicators and 12 technical tools, you can effectively set up trades and review past performance so you’re always upping your trading and investing game.
Webull gives investors access to a wide variety of investment types, making it an all-in-one platform for a diversified portfolio. But Webull doesn’t leave you hanging there. You’ll be hard pressed to find a better suite of education tools, even from decades-old legacy brokers.
But here’s what really caught our eye when using the platform.
Webull doesn’t warn you about the ETF or options trade you want to make as you’re making it. Instead, it puts education upfront with concise courses on the ins and out – from basic knowledge to advanced details – of ETFs and options as well as stocks and cryptocurrency. So you can go into a trade with full confidence that you know exactly what you’re doing and why.
Speaking of prices, Webull also wins big on fees.
Webull provides tools to help you customize your trading.
Fees
Webull doesn’t charge commissions. Plus, there’s no minimum amount required to open an account.
Webull doesn’t make money on the small fees charged by regulatory agencies on some trades. For example, on stock and ETF sales, the SEC and FINRA charge small regulatory fees. Between the two, on a $5,000 sale of 50 shares of a stock or ETF, you’ll get dinged a mere 12 cents by the government.
You’ll also pay small regulatory fees to trade some index options directly, including the S&P 500. You can also skirt these charges by buying the ETF that tracks your desired index.
If you trade on margin, you’ll need at least $2,000 in your account (the industry standard). Webull’s margin interest rates are competitive, starting at 9.49% for accounts with balances of $25,000 or less and dropping incrementally, going as low as 5.49% for accounts greater than $3,000,000.
For a complete look at Webull’s modest fee schedule, go here.
Summary
Overall, you’re not going to find a more comprehensive, easy-to-use, online trading and investing platform, built for new and experienced investors, that works just as well on your mobile device as it does your laptop or desktop.