Webull stock trading platform review

Webull is a broker with zero-commission trading and a suite of tools to help you invest.

finder.com’s rating: 4.4 / 5.0


Webull is a trading platform with no initial deposit requirements or commissions, making it very beginner-friendly. Access to real-time market data and advanced tools will also appeal to more active traders and options traders. However, the platform doesn’t allow you to trade mutual funds, bonds or over-the-counter stocks.

  • Consider Webull if you want low fees but don’t want to compromise on advanced trading tools.
  • Look elsewhere if you want a wider range of investment options, including mutual funds.


Annual fee0%
Option trade fee$0
Asset typesStocks, Options, ETFs
Account typesBrokerage, Retirement




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

★★★★★ 4.6/5

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.

★★★★★ 5/5

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 the methodology at the bottom of the page.

What I think about Webull

Webull has a bit of everything for every type of trader. Its commission-free trading and no minimum deposit requirements give beginners a platform to trade without an aggressive fee structure eating into their balances. Plus, its fractional shares open the door to thousands of companies that may have otherwise been out of reach for traders without lots of liquid cash.

While its $0 account minimums and $0 stock and options trading will also appeal to intermediate investors and active traders, Webull’s trading platform, which features advanced charts, indicators, screeners and customizable tools, sets it apart from comparable platforms. For long-term investors looking for a tax-advantaged account, Webull also offers traditional, Roth and rollover IRAs.

That being said, Webull has mixed reviews when it comes to its quality of customer service. Many of the negative reviews across the different review sites and app stores point to a customer experience that’s lacking. But since there’s no real commitment you need to make, there’s no reason not to give Webull a try. You can always withdraw your money and try another platform.

Webull would be suitable for many types of traders and investors. You can’t beat $0 trades, no minimum balance requirements and fractional-share trading. But if you’re looking to invest in assets like mutual funds or bonds, you’ll need to look elsewhere. And if you’re a true beginner, you might be able to find alternatives that are a little more streamlined and beginner-friendly.

What investments does Webull offer?

Webull has a solid lineup of investment products, including:

  • Stocks and ETFs
  • Options
  • Cryptocurrency

And you can choose either an individual brokerage account for general trading or save for retirement with a traditional or Roth individual retirement account (IRA).

Webull is best for beginner-to-intermediate investors who trade frequently

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.

Webull’s fees are among the lowest

Webull has some of the lowest fees in the industry, including no minimum deposits, zero commissions on option, stock and ETF trades, and no annual or inactivity fees. Margin accounts pay an annual rate of 3.99% to 6.99%, depending on your balance.

WATCH: Webull review + tutorial

How do I sign up?

You can sign up via desktop by downloading the desktop app, selecting the avatar on the bottom right, then choosing Sign up. From there, the process is similar to signing up via mobile app:

  1. Download the Webull app for Android or iPhone.
  2. Open the app, select the Open account tab, then select 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.


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

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

Webull’s research tools are comprehensive and insightful

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.


Selecting 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 watch list.


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.

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.

Pros and cons


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.


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.

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) and the Financial Industry Regulatory Authority (FINRA). Webull is also a member of SIPC, which insures brokerage customers up to $500,000 for securities and includes a $250,000 limit for cash.

Webull’s reviews are mixed but lean positive

Overall, Webull feedback is mostly positive. It just depends where you look for reviews.

For instance, 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 based on 33 customer reviews and has received 157 complaints in the past three years as of September 2021.

Its Trustpilot feedback isn’t much better. The company is rated 1.4 out of five stars based on 99 customer reviews. Roughly 86% of reviewers rated Webull as “bad.” Dissatisfied customers on both sites complained about poor customer service and a slow money transfer process.

But on Google Play and the Apple App Store, customer sentiment is completely different. Between both app stores, Webull has gathered nearly 375,000 reviews, most of which are positive. Most reviews are five stars and satisfied customers highlight Webull’s user-friendly interface and superior stock charting capabilities. Negative reviews on these platforms still stress the lack of support and poor customer service.

Better Business BureauF
Rating: FNo
Better Business BureauAccredited? N
BBB customer rating1/5 stars based on 33 customer reviews
TrustScore1.4/5 stars based on 99 customer reviews
Google Play app reviews4.4/5 stars based on 142,710 customer reviews
Apple App Store app reviews4.7/5 stars based on 231,000 customer reviews
Data last updatedSeptember 2021

Contact Webull support by phone, in-app messaging and email

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

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Compare up to 4 providers

*Signup bonus information updated weekly.

Disclaimer: The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

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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