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finder.com’s rating: 4.4 / 5.0
★★★★★
Webull is a trading platform that offers real-time market data. There are no initial deposit requirements or commissions, so you can trade at your own pace. But the platform doesn’t allow you to trade mutual funds, bonds or OTC stocks.
$0
Stock trade fee
0%
Annual fee
$0
Minimum deposit to open
| Intro or bonus offer | For a limited time, get one free stock worth up to $250 when you sign up. Get another valued up to $1,000 with an initial deposit of $100 or more within 30 days of opening your account. |
|---|---|
| Available asset types | Stocks Options ETFs |
| Option trade fee | $0 |
| Fees | ★★★★★ 4.25/5 | It charges no commission fees and account fees are on par with competitors. |
| Available securities | ★★★★★ 3/5 | You can only access stocks, ETFs and options. |
| Customer support | ★★★★★ 4/5 | Support can be reached in several ways but we had to wait 20 minutes to speak to a rep. |
| Mobile app | ★★★★★ 4.4/5 | The mobile app is well-reviewed on both Google Play and in the Apple App Store. |
| Research and tools | ★★★★★ 5/5 | Reporting tools and charts are standout platform features. |
| Reliability | ★★★★★ 5/5 | We didn’t find any reports of service outages. |
| Bonus star | ★ 1 | We awarded a bonus star for Webull’s paper trading platform. |
To learn how our star ratings are calculated, read the methodology at the bottom of the page.
Webull’s platform and trading tools empower all types of investors to get the most out of their money, but it’s especially convenient for:
Webull makes it convenient to trade and manage portfolios from anywhere and features these benefits:
Webull traders have access to the platform’s comprehensive suite of research and analysis tools.
Review data for any stock on the platform with watchlists, with a separate list for stocks you’re actively invested in. From your watchlist, monitor key metrics for stocks you select, including price, volume, market movement and more. Add stocks to your watchlist by symbol or name, and view your picks in a list or grid format.
Clicking a stock in your watchlist opens the stock chart. Set volume or price alerts and view data as a line, area, candle, hollow candle, base line, Heikin Ashi, bar or colored bar graph. Time intervals range from one minute to a year. And the drawing tool offers access to trendlines, polylines, rays, parallels, Fibonacci retracement, Fibonacci extension and more.
Available indicators include:
Key statistics for your stock include highs, lows, dividend yields, financial forecasts and press releases. Add multiple stocks to compare your options and use the notes tool to attach noteworthy findings to your watchlist.
Monitor data in four primary market tabs: global, US, Hong Kong and cryptos. Cryptos offers a list of 15 cryptocurrencies on the Bitfinex exchange, while the Global tab offers worldwide index and forex stats. The Hong Kong and US tabs provide index data as well as net inflow, rankings, trends and up-to-date market news.
Create your own screener by entering the data you’d most like to monitor, including market caps, prices, percent changes, volume, turnover rates and listing dates.
Practice trading online for free, without investing any money. But you won’t make money — it’s a demo account where you can practice hypothetical trades based on real market data. Buy and sell stocks, monitor your buying power and track daily profits and losses.
Webull’s browser-based paper trading Image: Supplied
Webull’s commission-free trades and powerful mobile platform give it an edge over some of its competitors, but it has a few potential pitfalls:
Webull was launched in 2018, is registered with the SEC and is a member of both FINRA and SIPC. It offers investors zero-commission trades and free trading resources to help people control their financial future.
Webull doesn’t have pages on the Better Business Bureau (BBB) or Trustpilot websites, but many review sites give it solid ratings for its low fees and useful tools. However, some customers have mentioned issues with app functionality, account verification, customer service and other technical issues.
FINRA is a regulatory organization that monitors the broker-dealer industry to protect investors.
The SIPC is a federally-mandated consumer protection nonprofit that insures up to $500,000 of your money in the event that the firm fails, which includes a $250,000 limit for cash.
You can sign up via desktop by downloading the desktop app, tapping the avatar on the bottom right, then clicking Sign Up. From there, the process is similar to signing up via mobile app:
To open an account, you’ll need to meet a few eligibility requirements:
During your application, you’ll be asked to provide the following information:
There are three ways you can get in touch with customer service:
Once your account is open and you’re ready to start trading, here’s how you can get the most out of this platform:
Webull is a mobile-focused trading platform that caters to the needs of many types of investors. Its zero-commission trades and lack of deposit requirements make it useful for beginners, while its research and trading tools help investors trade smarter.
If you’re not sure if this is the platform for you, compare your trading options to see what else is out there.
★★★★★ 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.
