Log in Join

Finder makes money from featured partners, but editorial opinions are our own. Advertiser Disclosure

Webull review 2023

Webull is a zero-commission trading platform that offers a suite of advanced tools to help you trade and invest.

Avatar

By

Matt Miczulski

Reviewed by

Jaclyn Hurst

Updated

Fact checked

Paid non-client promotion. Finder does not invest money with providers on this page. If a brand is a referral partner, we're paid when you click or tap through to, open an account with or provide your contact information to the provider. Partnerships are not a recommendation for you to invest with any one company. Learn more about how we make money.

Finder is not an adviser or brokerage service. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. All editorial opinions are our own.

Our verdict

Consider Webull if you're interested in a trading platform with low fees and don't want to compromise on access to advanced trading tools. Look elsewhere if you want access to a wider range of tradeable assets like mutual funds, futures and bonds. Webull is the winner for Best for Options Trading in the 2022 Finder Stock Trading Platform Awards.

Best for: Both beginner and intermediate traders.

Pros
  • Zero-commission stock, ETF, options or crypto trading.
  • Powerful mobile app and investment analysis tools.
  • Fractional investing allows you to buy any stock or ETF for as little as $5 regardless of the share price.
Cons
  • Limited tradeable assets (no access to mutual funds, futures, bonds or forex trading).
Finder Award
4.7

★★★★★

Finder rating

Learn more

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.

How we rated Webull’s features

Fees

★★★★★

It charges no commission fees, and account fees are on par with competitors.
Available securities

★★★★★

Access stocks, ETFs, options, crypto and OTC.
Customer support

★★★★★

Contact support in several ways, but we waited 20 minutes to speak to a rep.
Mobile app

★★★★★

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

★★★★★

Reporting 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
  • OTC

Account types available with Webull

  • Brokerage
  • Retirement

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 fee0%
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
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 startup 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).

WATCH: Webull review + tutorial

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 four primary market tabs: global, US, Hong Kong and cryptos.
Picture not described

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 app store reviews

Google Play app reviews4.4/5 stars, based on over 180k reviews
Apple App Store app reviews4.7/5 stars based on over 282k reviews

Webull’s customer support

Connect with Webull in three ways:

  • Email support
  • Phone

    How to open an account with Webull

    1. Go to Webull’s site and select Sign up.
    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

    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.

    Frequently asked questions about Webull

    Compare Webull to other platforms

    Webull logo

    Webull

    ★★★★★

    Finder rating 4.7 / 5

    Read Review

    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 logo

    SoFi Invest

    ★★★★★

    Finder rating 4.3 / 5

    Go to site

    Available asset types

    Stocks, Options, ETFs, Cryptocurrency

    Stock trade fee

    $0

    Minimum deposit

    $0

    Complete signup bonus

    Get up to $1,000 when you fund a new account within 30 days.

    eToro logo

    eToro

    ★★★★★

    Finder rating 4.3 / 5

    Go to site

    Available asset types

    Stocks, Options, ETFs, Cryptocurrency

    Stock trade fee

    $0

    Minimum deposit

    $0

    Complete signup bonus

    FINDER EXCLUSIVE: Guaranteed $15 bonus when you sign up and deposit $100

    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.

    More guides on Finder

    Ask an Expert

    Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

    By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

    Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
    Go to site