Webull Review 2026: Pro-Level Trading Tools Without the Commissions
- Stock trade fee
- $0
- Minimum deposit
- $0
Our verdict
A commission-free trading platform with pro-level tools across mobile, web and desktop
Webull is one of the most feature-rich low-cost trading platforms available in 2026. It supports stocks, ETFs, options, futures, mutual funds, event contracts and crypto, with $0 commissions on stocks, ETFs and equity options and no per-contract options fees.
What truly sets Webull apart from competitors like Robinhood or SoFi is its professional-grade desktop trading platform, advanced charting and paper trading tools — features typically reserved for traditional brokers. Investors can also earn competitive interest on uninvested cash and unlock higher rates, IRA matches and discounted trading fees with Webull Premium.
That said, Webull doesn’t offer access to human financial advisors or 24/7 customer support, which may be a drawback for beginners who want hands-on guidance.
Best for: Active traders, options traders and self-directed investors who want advanced tools at low cost.
Pros
-
Zero-commission stock, ETF and equity option trades
-
No per-contract fees on equity options
-
Advanced trading tools and platforms
-
Fractional share trading
-
Robo-advisor
-
Webull Premium perks
Cons
-
No 24/7 customer support
-
$2.99 per month for Level 2 data access
-
No human financial advisors for personalized guidance
Webull at a glance
| Feature | Rating | Details |
|---|---|---|
| Investment options | ★★★★★ |
|
| Trading costs | ★★★★★ | Zero commission stock, ETF and equity option trades, with competitive margin rates and no equity options per-contract fees. |
| Account fees | ★★★★★ | No annual or inactivity fees. |
| Account types and minimums | ★★★★★ |
|
| Trading platforms and technology | ★★★★★ |
|
| Features and amenities | ★★★★★ |
|
| Customer support | ★★★★★ | Contact Webull by live chat, email and phone during regular business hours. |
| Mobile app | ★★★★★ | Google Play app reviews: 4.6/5 stars based on over 208,360 reviews, as of January 2026 Apple App Store app reviews: 4.7/5 stars based on over 330,000 reviews, as of January 2026 |
| Cash sweep rates | ★★★★★ | Offers a cash sweep program that pays up to 3.35% APY, with automatic sweeps. |
To learn how our star ratings are calculated, read our methodology.
Who should choose Webull?
Webull is a strong fit for self-directed investors who want advanced trading tools without paying commissions. It’s best suited to users who are comfortable managing their own investments and value analytical depth over hand-holding. Typical Webull users include:
- Active traders and day traders who want advanced charting, multiple order types, extended-hours trading and a full desktop platform — tools that go beyond what most mobile-first brokers offer.
- Options and futures traders looking for commission-free equity options, competitive futures pricing and detailed options chains without per-contract fees.
- Cost-conscious investors who want $0 commission trades, no account minimums and low margin rates, with the option to unlock additional perks through Webull Premium.
- Hands-on investors who like to learn and practice using features such as paper trading, customizable screeners and technical indicators to refine their strategies before committing real money.
Webull may be less appealing for investors who want ongoing access to a human financial advisor, deeply personalized financial planning or a set-it-and-forget-it robo experience with broader guidance beyond portfolio allocation.
Latest Webull updates
August 25, 2025: Webull announced the return of crypto trading to the Webull app. Users will not longer need the separate Webull Pay app to trade crypto.
March 10, 2025: Webull announced the launch of Webull Premium, a subscription offering enhanced benefits and financial tools, including higher cash sweep rates, an IRA match and an advanced data package.
What we like about Webull
Webull stands out for its low trading costs, advanced trading tools, user-friendly mobile app and premium perks.
Low trading costs
Webull is one of the lowest-cost brokers in the industry. It charges no commissions on stocks, ETFs or equity options, no inactivity fees and no minimum account balance.
Margin rates are also competitive. As of January 2026, Webull’s margin rates top out at 8.74% for standard accounts and drop as low as 3.90% for Webull Premium — several percentage points below many competitors.
Advanced trading tools
Unlike most mobile-first brokers, Webull delivers a full suite of advanced tools across mobile, web and desktop. Its platform is designed for traders who rely on technical analysis and real-time market data.
Key tools include:
- Advanced charts with drawing tools and technical indicators
- Options chains and futures tools
- Screeners and watchlists
- More than 10 order types
- Paper trading simulator
- Customizable layouts and filters
- Level 2 quotes via Nasdaq TotalView (subscription required)
- Market news, analyst ratings and earnings estimates
For traders who want professional-grade functionality without paying professional-grade fees, Webull is hard to beat.
User-friendly mobile app
Webull’s mobile app balances power and usability well. Investors can monitor positions, analyze charts, place trades and customize watchlists on the go.
The app allows users to:
- Build custom screeners
- Track performance by market cap, volume and price movement
- Switch between US and global markets
- Access advanced charting and research tools
App store ratings are consistently strong, reflecting broad satisfaction with Webull’s design and functionality.
Where Webull falls short
Despite its strengths, Webull isn’t perfect.
Webull Premium: Webull’s premium subscription
Webull Premium costs $3.99 per month or $40 per year when billed annually and unlocks enhanced features and financial perks.
Webull Premium benefits include:
- Higher APY on uninvested cash – up to 3.35% APY
- 3.5% IRA contribution match and 3% IRA transfer match
- Discounted margin rates
- Reduced index options and futures commissions
- Free Level 2 and OPRA real-time market data
Webull Premium is best suited for investors who maintain larger cash balances, trade on margin or actively use Level 2 data. Casual investors may find the free version more than sufficient.
Webull’s fees
| Type of fee | Fee details |
|---|---|
| Minimum deposit | $0 |
| Webull Smart Advisor annual fee | 0.20% |
| Webull Premium | $3.99 per month or $40 per year when paid annually |
| Stock trade fee | $0 |
| Option trade fee | $0 |
| Crypto trade fee | 100-basis point spread to buy and sell |
| Inactivity fee | $0 |
| Level 2 Advance data fee | $2.99 per month |
| Margin rate | 8.74% |
| Wire transfer and withdrawal | $8 per deposit, $25 per withdrawal | Outgoing account transfer fee | $75 |
Is Webull legit?
Yes. Webull is a legitimate US-based fintech company founded in 2017. While it’s owned by Fumi Technology, a Chinese holding company, Webull’s US brokerage operations are fully regulated under US law.
Webull Financial LLC is registered with the SEC, FINRA and SIPC, and customer assets are protected up to $500,000 (including $250,000 for cash) if the firm becomes insolvent.
Webull also uses industry-standard security measures and regularly audits its systems.
Customer experience
| BBB accredited | No |
|---|---|
| BBB rating | B- |
| BBB customer reviews | 1.9 out of 5 stars, based on 32 customer reviews |
| Trustpilot score | 1.4 out of 5 stars, based on 343 customer reviews |
| Apple App Store Score | 4.7 out of 5 stars, based on 330,000 customer reviews |
| Google Play Score | 4.6 out of 5 stars, based on 208,365 customer reviews |
| Customer reviews verified as of | 26 January 2026 |
App store reviews are overwhelmingly positive, reflecting satisfaction with Webull’s interface and trading tools. Third-party review sites skew more negative, with complaints typically centered on customer service delays and withdrawal issues — a common theme across many low-cost online brokers.
What do people on Reddit say?
Compare Webull to other platforms
Webull
9.4 Excellent
Available asset types
Stocks, Bonds, Options, ETFs, Futures, Money market funds
Minimum deposit
$0
Signup bonus
Get up to 4% match bonus
SoFi Active Invest
9 Excellent
Available asset types
Stocks, Options, Mutual funds, ETFs, Alternatives
Minimum deposit
$0
Signup bonus
Get up to $1,000 in stock
eToro
8.2 Great
Available asset types
Stocks, Options, ETFs, Cryptocurrency, Investments
Minimum deposit
$0
Signup bonus
N/A
Bottom line
Webull delivers near-professional trading tools at a fraction of the cost of traditional brokers. With commission-free trading, a powerful desktop platform and optional premium perks, it’s one of the best platforms for confident, self-directed investors in 2026 — just don’t expect concierge-level support.
How we rate trading platforms
★★★★★5/5 — Excellent
★★★★★ 4/5 — Good
★★★★★ 3/5 — Average
★★★★★ 2/5 — Subpar
★★★★★ 1/5 — Poor
For a complete breakdown of how we score each category, read the full methodology of how we rate trading platforms.
Frequently asked questions
Your reviews
Matt Finder
Investments editor and market analyst
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