Webull Financial LLC is a US-based broker-dealer and member of FINRA, SIPC, NYSE, and NASDAQ, headquartered at 44 Wall Street, New York City. As a financial company driven by technology, we aim to offer: an all-in-one self-directed investment platform that provides excellent user experience and advanced and intelligent tools and services.
Webull was founded in 2017, quite newer to the brokerage industry than traditional players like Charles Schwab, Fidelity and Robinhood. However, it stands tall when it comes to products offerings: Stocks, Options, cryptos, Index Options, Futures, ETFs, OTC, Margin, Fractional Shares. Webull applies no commission on stock, options and ETFs trading listed on U.S. Exchanges.
Is Webull good for beginners？
Webull, indeed, is an attractive option for beginner investors compared to many of its competitors, Fedility, Robinhood, and even Interactivebrokers. Here let's explore why it could be such an ideal choice:
To start with, Webull offers commission-free trading for stocks and ETFs, perfect for those with modest portfolios.Furthermore, the platform allows users to invest in fractional shares, which lowers the barrier to entry for those with limited capital. To make trading simpler and more affordable , new promotional offers come: Granting up to 20 free fractional shares for depositing between $500 and $24,999.99 and maintaining the balance for 30 days. For Futures promotion, larger deposits of $1,000 or more, users receive free commission on their first 100 options contracts traded within the initial three months, along with complimentary CME Group Level 2 Market Data access during that period.
More importantly, Webull is renowned for its user-friendly trading app and robust charting tools. The charts are visually appealing, with clear lines and easy-to-understand data presentation, offering a good selection of pre-built technical indicators and studies.
Webull Pros and Cons
✅Where Webull Shines:
- Operating under a strong regulatory frame - Webull operates within a robust regulatory framework, adhering to the guidelines of multiple financial authorities across various jurisdictions, ensuring transparency and investor protection.
- No minimum balance required - Webull does not impose any minimum balance requirements, making it accessible to investors of all levels, including those with limited capital.
- No platform fees - Traders can enjoy a cost-effective experience as Webull does not charge any platform fees.
- Paper trading available - Beginners can leverage the paper trading feature to practice their trading strategies in a risk-free environment.
- Zero-commission trading - Webull offers zero-commission trading on stocks and ETFs, enabling investors to minimize transaction costs and maximize their potential profits.
- User-friendly trading app - The user-friendly trading app provides a seamless and intuitive trading experience, catering to both novice and experienced investors alike.
- Fractional share and margin trading supported - Webull supports fractional share trading and margin trading, allowing users to diversify their portfolios and leverage their capital effectively.
- Offering access to IPOs - Webull grants access to Initial Public Offerings (IPOs), enabling investors to participate in promising investment opportunities from the outset.
- Up to 5% APY - Users can earn up to 5% Annual Percentage Yield (APY) on their uninvested cash balances, providing a lucrative opportunity for passive income generation.
- Supporting investing fractional shares of stocks - Webull supports investing in fractional shares of stocks, lowering the barrier to entry and enabling diversification for investors with limited capital.
❌Where Webull Falls Short:
- Not supporting forex trading - Webull does not currently offer forex trading capabilities, which may be a limitation for investors seeking exposure to the foreign exchange markets.
- No live chat - Webull lacks a live chat feature, which could hinder timely assistance and support for users who prefer real-time communication channels.
- Limited educational contents - Webull's educational resources and content offerings are relatively limited compared to some other brokerages, potentially hindering the learning and development opportunities for novice traders.
- E-Wallet payment options not available- Webull does not support e-Wallet payment options, which could be an inconvenience for users who prefer the convenience and security of digital wallet transactions.
Is Webull Safe？
Proceeding further with the Webull review, here comes this question: Is Webull safe？ When reviewing Webull, one of the primary concerns for beginners is the platform's safety and security. This is a question that almost all newcomers to investing prioritize. To address this concern, we will explore it from two crucial aspects: regulations and account protection.
WebullRegulations
Firstly, Webull is regulated s in five juristidicyttios and other five regulatory licenses:
WEBULL FINANCIAL LLC, is regulated by the United States The Financial Industry RegulatoryAuthority （FINRA）in the United States under license no. CRD#: 289063/SEC#: 8-69978.
WEBULL SECURITIES (AUSTRALIA) PTY. LTD, is regulated by the Australia Securities & Investment Commission (ASIC) in Australia under license no. 536980.
ウィブル証券株式会社, is regulated by the Japan Financial Services Agency (FSA) in Japan under license no. 関東財務局長（金商）第48号.
WEBULL SECURITIES LIMITED, is regulated by the China Hong Kong Securities and Futures Commission of Hongkong ( SFC) in Hong Kong under license no. BNG700.
WEBULL SECURITIES (SINGAPORE) PTE. LTD. is regulated by the Singapore Monetary Authority of Singapore (MAS) in Singapore.
Webull Account Protection
Webull Financial LLC is a member of Securities Investor Protection Corporation (SIPC), which protects securities up to $500,000 (including $250,000 for claims for cash). SIPC does not protect against declines in the market value of securities. Besides, its clearing firm Apex Clearing Corp has purchased an additional insurance policy. The coverage limits provide protection for securities and cash up to an aggregate of $150 million, subject to maximum limits of $37.5 million for any one customer‘s securities and $900,000 for any one customer’s cash. Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities.
In this way, regarding the question “Is Webull safe？ Or Is Webull legit？”, the evidence suggests a resounding positive answer. Webull emerges as a trustworthy brokerage with which to conduct trading activities.
How to use Webull app ？
The new Webull Mobile App now offers two modes: a fully-featured Webull and Webull Lite.
To trade stocks on Webull mobile app, here is the simple process:
Step 1:Personalizing Your Market View
Begin by launching the Webull application on your mobile device. The platform offers users the ability to tailor their stock market observations according to their preferences. Upon selecting the “Market” symbol located in the bottom navigation panel, you'll find a customizable interface.
By default, the app displays “United States,” “Crypto,” and “China” markets. However, you have the flexibility to add other markets relevant to your interests or location. For instance, if you're based in Canada, you can easily incorporate the Canadian market into your view. Simply access the menu in the top-right corner and select “Canada” to add it to your personalized market list.
Following this customization, when you return to the “Market” section, you'll now see the Canadian stock market as an additional option alongside the default selections, allowing for a more targeted and relevant market overview.
Step 2:Exploring Market Analysis Tools on Webull
Webull's U.S. market view offers snapshots of key indices like the Dow Jones, S&P 500, and NASDAQ. While it doesn't provide detailed information on individual stocks within each index, it does display the number of advancers and decliners. This data helps users gauge overall market sentiment and trends.
Despite the lack of comprehensive stock-specific information, Webull still provides a solid basis for assessing broad market conditions. Users can leverage this overview to make informed investment decisions, even with the platform's somewhat limited index breakdown.
Step 3: Selecting Stock on Webull
In the “Markets” section, scroll past the index charts to find “Top Gainers” and “Top Losers”. These features highlight individual stocks with significant price movements during pre-market, after-hours, and regular trading sessions. By analyzing this data across various timeframes, you can identify specific stocks that match your investment criteria, whether you're looking for high-momentum stocks or potential turnaround opportunities.
Step 4: Executing Trades on Webull
To place a trade, select your desired stock and click “buy”. Choose from various order types:
- Limit Order: Set a maximum purchase price.
- Market Order: Buy at current market price.
- Stop Order: Set a trigger price for selling.
- OTO (One Triggers Others): Create linked trades.
After selecting an order type, input the limit price (if applicable) and quantity. Choose the Time-in-Force (day or GTC) and whether to allow extended hours trading. Optionally, set Take Profit/Stop Loss levels for automated exit strategies.
Review your order details, then tap the “Buy” button to execute. Monitor open orders through the “open orders” tab at the bottom of the screen.
Webull Lite
Webull Lite targets investors seeking a simplified approach to market participation, emphasizing ease of use, allowing users to concentrate on their long-term financial objectives and investment tactics. With its straightforward interface, Webull Lite removes unnecessary complexities, enabling a more focused investing experience. Additionally, the platform offers a cash management feature with a 5% APY, providing an efficient way to optimize idle funds. Webull Lite is well-suited for those who prefer a direct path to portfolio growth.
Russia
Owns 3 seat(s)
