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Webull review 2024

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Webull
4.6
★★★★★
Finder score
Stock trade fee
$0
Minimum deposit
$0
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Our verdict

Webull offers a modern trading and investing platform with low costs, advanced trading tools and a robo-advisor.

Consider Webull if want a modern trading platform with advanced trading tools, competitive fees and access to a robo-advisor. Look elsewhere if you want to trade mutual funds, futures or bonds. Webull was a finalist in Finder's 2023 Investing Innovation Awards.

Best for: Traders and investors who want a mobile-first broker with ample trading tools and access to a robo-advisor.

Pros

  • Zero-commission stock, ETF, options and crypto trading
  • User-friendly mobile app with advanced trading tools
  • Fractional share trading
  • Robo-advisor
  • 24/7 customer support
  • Earn 5% APY on your uninvested cash

Cons

  • Limited tradable assets
  • $2.99 per month for Level 2 data access
  • 0.20% annual advisory fee for Smart Advisor
  • No live chat feature

In this guide

  • Our verdict
  • Frequently asked questions
  • Your reviews
  • Ask an expert

How we rate Webull’s features

Fees

★★★★★

Webull charges no commission fees, and account fees are on par with competitors, but it charges to access level 2 data and its robo-advisor.
Available securities

★★★★★

Trade stocks, ETFs and options. Trade crypto with Webull Pay.
Customer support

★★★★★

24/7 customer support but no live chat.
Mobile app

★★★★★

The mobile app is well-reviewed on Google Play and the Apple App Store.
Research and tools

★★★★★

Research tools and charts are standout platform features.
Reliability

★★★★★

We didn’t find any reports of service outages.
Bonus star

★★★★★

We awarded a bonus star for access to paper trading.

To learn how our star ratings are calculated, read our methodology at the bottom of the page.

Webull is best for beginner-to-intermediate traders

Webull‘s commission-free trading and no minimum deposit requirements give newbies a platform to trade without high fees eating into their balances. Beginners can also hone their trading skills through the paper trading demo account without risking their money and expand their financial acumen with Webull’s dedicated learning center. Meanwhile, active traders should find Webull’s dedicated desktop platform and advanced charts, indicators and screeners attractive. And long-term investors will be be happy with Webull’s offering of tax-advantaged traditional, Roth and rollover IRAs.

What you can trade on Webull

  • Stocks
  • ETFs
  • Options
  • Cryptocurrency (Using the separate Webull Pay)

Account types available with Webull

  • Brokerage
  • Retirement

Latest Webull updates

February 9, 2024: Webull’s introducing bond trading, according to an email we received. No launch date was provided.

Where Webull shines

Webull has some of the lowest fees in the industry, including no minimum deposits or inactivity fees, zero commissions and no stock or ETF option contract fees. Beyond costs, Webull stands out for offering big broker trading tech and features with the modern user experience we’ve come to expect from a fintech broker. You’ll find multiple, powerful trading platforms with advanced tools and services, different account types and a clean, sophisticated mobile app.

Where Webull falls short

Webull offers a solid lineup of tradable securities, but it isn’t comprehensive. Investors looking for mutual funds, bonds or futures will need to look elsewhere. We’d also like to see a live chat option, seeing that Webull offers 24/7 live support.

Webull’s fees

Minimum deposit$0
Annual fee for Webull Smart Advisor0.20%
Stock, ETF, option and crypto trade fees$0 (There is a 100-basis point spread on either side of a crypto trade)
Inactivity fee$0
Level 2 Advance data fee$2.99 per month
Domestic wire transfer and withdrawal$8 per deposit, $25 per withdrawal
International wire transfer and withdrawal$12.5 per wire transfer
$45 per withdrawal
Funds reversal fee (for insufficient funds/frozen bank account)$5 charged by the clearing firm
Outgoing account transfer fee$75
Margin account ratesRates are tiered from 5.49% to 9.49% annually depending on your balance

Is Webull legit?

Yes, Webull is a legit US-based fin-tech company founded in 2017. It’s registered with the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC).

Webull’s platform is easy to use

Here are some of the tools you can use to trade with on Webull:

  • Stock watchlist
  • Advanced charts
  • Technical indicators
  • Paper trading simulator
  • Screeners
  • Level 2 quotes through Nasdaq TotalView ($2.99 per month subscription required)
  • Educational videos

Webull’s app

Webull offers a powerful mobile app that lets you manage your portfolio on the go. Stay across positions and consolidate watchlists, analyze charts and place orders. Create your own screener and monitor what you want by market cap, prices, percent changes, volume, turnover rates and listing dates. Monitor data in two primary market tabs: United States and Global.
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Webull’s app store reviews

App storeRatingTotal reviews
Google Play 4.34 188,314
Apple Store 4.50 588

Webull Desktop

Webull customers have free access to a customizable desktop platform and its suite of research and analysis tools, which includes screeners, alerts, trading widgets and charts that support over 60 technical signals.

Webull’s customer support

Connect with Webull in two ways:

  • Email support
  • Phone

    How to open an account with Webull

    1. Click the “Sign up now” button below and then select Join today to start your application
    2. Enter your personal information, employment details and investment specifics.
    3. Upload a photo of your ID to verify your identity.
    4. Answer questions about your affiliations, then agree to account terms and disclosures.
    5. Choose your account type, verify your email and submit your application.

    Eligibility and required information

    • Be 18 or older
    • Live in the US at a valid residential address
    • Have a valid state-issued ID
    • Have a valid Social Security number

    Sign up now

    How safe is Webull?

    Webull‘s platform is considered safe and secure. According to Webull’s privacy policy, it “uses reasonable, industry standard security measures to protect information” and regularly conducts audits of its system. Through its SEC, FINRA and SIPC memberships, brokerage customers are insured up to $500,000 for securities, with a $250,000 limit for cash, if Webull becomes insolvent.

    Compare Webull to other platforms

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    Frequently asked questions about Webull

    How we rate trading platforms

    ★★★★★5/5 — Excellent

    ★★★★★ 4/5 — Good

    ★★★★★ 3/5 — Average

    ★★★★★ 2/5 — Subpar

    ★★★★★ 1/5 — Poor

    We analyze top online trading platforms and rate them one to five stars based on factors that are most important to you. These factors include fees, securities available for trade, customer support, customer feedback, platform resources and overall reliability.
    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

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    Matt Finder

    Editor, Investments

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