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Webull stock trading platform review

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Zero-commission trading with a suite of tools to help you invest.

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

Details

Intro or bonus offerFor a limited time, get a 3-month free subscription to Nasdaq Level-2 market data when you open a Webull account and one free stock worth up to $1,600 when you fund your account with at least $100.
Stock trade fee$0
Annual fee0%
Option trade fee$0
Asset typesStocks, Options, ETFs
Account typesBrokerage
Minimum deposit to open$0

Overview

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.

Who is Webull best for?

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:

  • Short-term investors. Zero-commission trades and advanced tools make Webull a strong choice for short-term investors and day traders.
  • Mobile users. Webull’s powerful mobile platform allows you to trade from anywhere.
  • New investors. Helpful tools, $0 trades and the absence of initial deposit requirements make Webull useful for new investors.

What are the benefits of Webull?

Webull makes it convenient to trade and manage portfolios from anywhere and features these benefits:

  • Zero commissions. Webull won’t charge you anything to make trades.
  • Powerful mobile app. Webull’s mobile platform allows you to research, analyze, make trades, manage your portfolio and more.
  • Tools. Get support for your trades with the help of a trading simulator, market data insights, stock screeners, charts and indicators and trading instruments.
  • No minimum deposit. It’s free to open an account and there are no deposit requirements to trade stocks or ETFs.
  • Two free stocks. 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.

What research does it provide?

Webull traders have access to the platform’s comprehensive suite of research and analysis tools.

Watchlists

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.

Charts

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:

  • Alligator
  • BOLL
  • DC
  • EMA
  • IC
  • KC
  • MA
  • Pivot Point
  • SAR
  • SuperTrend
  • VWAP

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.

Markets

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.

Screener

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.

Paper trading

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.

What to watch out for

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:

  • Limited securities. Webull doesn’t allow you to trade mutual funds, bonds or OTC stocks. It also limits trading stocks less than $1 or more than $10 million.
  • Margin requirements. To borrow money to trade, you’ll need to have at least $2,000 in your account and rates are as high as 6.99%.
  • Third-party fees. While Webull doesn’t charge fees to make trades, you’ll be responsible for mandatory SEC and FINRA fees.
  • Few account options. Webull doesn’t offer retirement accounts and there’s no option to open a joint account.

Webull customer reviews and complaints

Overall, Webull feedback is unfavorable. It lacks Better Business Bureau (BBB) accreditation and receives an F rating for failing to respond to customer complaints. On the BBB, it has an average rating of one out of five stars after nine customer reviews and has received 16 complaints in the past three years. It’s Trustpilot feedback isn’t much better — it maintains a TrustScore of 2.4 out of 5 based on 18 reviews.

While investors praise its charting tools and paper trading, many complaints surfaced citing withdrawal delays, app crashes and unresponsive customer support.

How do FINRA and the SIPC protect your account?

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.

How do I sign up?

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:

  1. Visit your phone’s app store to download the Webull app.
  2. Open the app, click the Open Account tab, then click Open Account.
  3. Enter your personal information, employment information and investment information.
  4. Upload a photo of your ID to verify your identity.
  5. Answer questions about your affiliations.
  6. Agree to account terms and disclosures.
  7. Choose your account type.
  8. Verify your email and submit your application.

Eligibility

To open an account, you’ll need to meet a few eligibility requirements:

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

Required information

During your application, you’ll be asked to provide the following information:

  • First and last name
  • Address, phone number and email
  • Social Security number
  • Valid government photo ID
  • Employment information
  • Investment and financial information

Compare with other stock trading platforms

Name Product Stock trade fee Asset types Option trade fee Annual fee
Vanguard
$0
Stocks, Mutual funds, ETFs, Forex
$1
$20 per year
Get a personal advisor when you open an account with at least $50,000.
Robinhood
$0
Stocks, Options, ETFs, Cryptocurrency
$0
0%
Make unlimited commission-free trades in stocks, funds, and options with Robinhood Financial.
Sofi Invest
$0
Stocks
N/A
0%
A free way to invest in stocks, ETFs and crypto.
Tastyworks
$0
Stocks, Options, ETFs, Futures
Stocks & ETFs: $1/contract to open, $0 to close, $10 max/leg
Futures: $2.50/contract to open, $0 to close
0%
Trade stocks, options, ETFs and futures on mobile or desktop with this advanced platform.
Interactive Brokers
$0
Stocks, Bonds, Options, Mutual funds, Index funds, ETFs, Futures, Cash
$0 + $0.65/contract, $1 minimum
0%
IBKR Lite offers $0 commissions, and IBKR Pro offers advanced tools for professional traders.
TD Ameritrade
$0
or $25 broker-assisted
Stocks
$0 + $0.65/contract,
or $25 broker-assisted
TD Ameritrade features $0 commission for online stock, but watch out for high short-term ETF and broker-assisted trading fees.
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How do I contact Webull customer service?

There are three ways you can get in touch with customer service:

  • Call 1-888-828-0618
  • Secure message via its app
  • Email: customerservice@webull-us.com

I’m ready to make my first trade with Webull. Now what?

Once your account is open and you’re ready to start trading, here’s how you can get the most out of this platform:

  • Fund your account. Link your bank account and fund your brokerage account to start trading.
  • Research. Access Webull’s research and analysis resources to get more info on stocks before you trade them.
  • Tools. Take advantage of watch lists, stock screeners, indicators and other tools to get a better look at trends and other market data.
  • Manage your portfolio. Use the mobile app to manage your portfolio while you buy, sell or hold stocks and ETFs.
  • Understand tax implications. Look into your state’s tax laws and speak with a professional before tax season arrives.
  • Try the desktop app. Download the desktop app to make trades and view watchlists.

Bottom line

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.

Frequently asked questions

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.

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