Webull review 2024
- Stock trade fee
- $0
- Minimum deposit
- $0
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. Through April 30, 2024, earn up to 4.5% in matching IRA funds. 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
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User-friendly mobile app with advanced trading tools
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Fractional share trading
-
Robo-advisor
-
24/7 customer support
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Earn 5% APY on your uninvested cash
-
Earn up to 4.5% in matching IRA funds
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
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. |
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
May 1, 2024: Webull is reviving its Fully Paid Securities Lending (FPSL) program, according to a customer email we received. Customers who enroll in the program can earn income when other Webull users borrow their eligible fully paid securities.
March 5, 2024: Webull announced it’s upcoming launch of futures trading. Webull customers can join the waitlist for early access and rewards, including three months of commission-free futures trades and three months of free CME market data.
February 29, 2024: Webull sent out an email to customers that it’s launched an IRA promotion offering a 3.5% match on contributions and transfers through April 30, 2024. Get an additional 1% if you successfully refer a friend to open a Webull IRA, for a match total of 4.5%.
February 28, 2024: Webull announced that it has agreed to list its shares on the Nasdaq through a merger with SK Growth Opportunities Corporation (NASDAQ: SKGR). The combined company will be called Webull Corporation and will trade under a new ticker symbol. The combined company is valued at $7.3 billion.
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. Plus, earn a 3.5% match on contributions or transfer to a Webull IRA through April 30, 2024. Get an additional 1% if you successfully refer a friend to sign up for a Webull IRA.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 Advisor | 0.20% |
| 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 rates | Rates 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.
Webull’s app store reviews
| App store | Rating | Total reviews |
|---|---|---|
| Google Play | 4.34 | 189,953 |
| Apple Store | 4.50 | 652 |
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
- Click the “Sign up now” button below and then select Join today to start your application
- Enter your personal information, employment details and investment specifics.
- Upload a photo of your ID to verify your identity.
- Answer questions about your affiliations, then agree to account terms and disclosures.
- 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
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
Webull
★★★★★
Finder rating 4.4 / 5
Available asset types
Stocks, Options, ETFs, Cryptocurrency
Stock trade fee
$0
Minimum deposit
$0
Complete signup bonus
Get up to 12 free stocks valued up to $30,600 when you open an account and make a deposit. T&Cs apply.
SoFi Invest®
★★★★★
Finder rating 4.2 / 5
Available asset types
Stocks, Mutual funds, ETFs, Alternatives
Stock trade fee
$0
Minimum deposit
$0
Complete signup bonus
Get up to $1,000 in stock when you fund a new account within 30 days.
Tastytrade
★★★★★
Finder rating 4.6 / 5
Available asset types
Stocks, Options, ETFs, Cryptocurrency, Futures, Treasury Bills
Stock trade fee
$0
Minimum deposit
$0
Complete signup bonus
Get $100-$5,000 when you open and fund an account with $5,000 to $1,000,000+
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
Editor, Investments
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