Webull Review
Webull is my favorite stock trading app for building watchlists and tracking popular stocks, ETFs, and cryptocurrencies.
I use both the Webull app and desktop platform every day so I have a lot of experience using the platform. In this article, I’ll share with you my honest opinion on Webull and whether you should sign up for an account and start trading stocks & crypto there.
Pros and Cons
| Pros | Cons |
|---|---|
| Trade NASDAQ, NYSE, and OTC stocks (Both US and ADRs) for $0 commissions | No private crypto wallet availability |
| $0 Deposit minimums | No UTMA or 529 accounts for children |
| Buy fractional shares of stocks & cryptocurrencies | |
| Trade 30+ cryptocurrencies | |
| Trade during extending hours (4am to 9:30am EST and 4pm to 8pm EST) | |
| Instant bank deposits for immediate trading | |
| Fast Mobile App Platform |
Full Webull Review
Webull is a Chinese based stock & crypto broker that offers free trades to its customers. Webull is considered a strong alternative to Robinhood and many investors use the platform on a regular basis.
Account Opening
To get started, sign up for Webull using this link to receive 2 free stocks after your first deposit.
It takes around 2 to 3 business days to setup and approve your account.
Once your account is confirmed, you can make your first deposit via bank ACH and begin trading on the platform.
Right now, Webull is only available in the United States, India, Brazil, Turkey, Japan, China, and Korea. If you live in Canada or outside any of these countries then try Robinhood or another similar brokerage. I’ll review more stock trading apps in the future to give you some more options.
Fees
| Assets | Terms |
|---|---|
| US Stocks | $0 per trade |
| US ETFs | $0 per trade |
| Mutual Funds | Not available |
| Cryptocurrencies | 1% spread per trade |
Webull offers commission-free trading for US-listed stocks, ETFs and options. There is no withdrawal fee for ACH transfers and no inactivity fee. However, wire transfer fees are high.
Margin Rates
| Debit Balance | Rates |
|---|---|
| Under $25,000 | 6.99% |
| $25,000.01 – $100,000 | 6.49% |
| $100,000.01 – $250,000 | 5.99% |
| $250,000.01 – $500,000 | 5.49% |
| $500,000.01 – $1,000,000 | 4.99% |
| $1,000,000.01 – $3,000,000 | 4.49% |
| More than $3,000,000 | 3.99% |
Webull Non-Trading Fees
Webull has low non-trading fees. It charges neither an account or an inactivity fee.
There is no deposit or withdrawal fee if you use ACH (electronic) transfer. However, wire transfers have a rather high fee. We tested ACH, so we paid no withdrawal fee.
| Fee Type | Fee |
|---|---|
| Account fee | No |
| Inactivity fee | No |
| Deposit fee | $0 |
| Withdrawal fee | $0 |
Webull Wire Transfer Fees
| Wire transfer type | Fee |
|---|---|
| US domestic deposit | $8 |
| US domestic withdrawal | $25 |
| Non-US deposit | $12.5 |
| Non-US withdrawal | $45 |
Markets and Products
Webull is limited to US stocks only and foreign listed ADRs. You cannot trade stocks on exchanges listed outside of the United States.
| Product | Availability |
|---|---|
| Stocks | Yes (US stocks only and ADRs) |
| Crypto | Yes |
| ETFs | Yes |
| Forex | No |
| Funds | No |
| Bonds | No |
| Options | Yes |
| Futures | No |
| CFDs | No |
| BInary Options | No |
List of Webull Crypto Tradable Assets
- Bitcoin
- Dogecoin
- ShibaInu
- Cardano
- Ethereum
- ApeCoin
- Solana
- Cosmos
- Decentraland
- Fantom
- The Graph
- Litecoin
- Bitcoin Cash
- Ethereum Classic
- Dash
- Stellar
- ZCash
- Basic Attention Token
- Chainlink
- Uniswap Protocol Token
- Algorand
- Polygon
- Avalanche
- Sushi
- Terra
- Ren
- Curve Dao Token
- Loopspring
Mobile Trading Platform
Webull has an amazing mobile app that makes it easy to buy and sell, build watchlists, and track stock, ETF, and crypto prices in real-time.
Webull Watchlists
You can use the Watchlist feature to track individual assets on one single page. Here’s an example of my “EV Stocks” watchlist:
Create an unlimited amounts of watchlists for free within the Webull app even if you don’t make a single trade.
Markets
Under the “Markets” tab, Webull gives you a ton of useful information on the current state of the markets.
Webull supports market data for the following countries:
- United States (Dow Jones, S&P 500, and NASDAQ)
- Canada (Toronto Stock Exchange, Solactive, Standard)
- United Kingdom (London Stock Exchange)
- Chinese Mainland
- Hong Kong
- Italy
- India
- Germany
- France
- Denmark
- Finland
- Iceland
- Malaysia
- Sweden
Webull Top Losers
Webull lists the biggest stock losers for the trading day. You can sort losers by different time ranges.
Desktop Trading Platform
Research
Webull really shines with its comprehensive technical & fundamental analysis data that helps making research pretty simple.
Education
Webull offers a demo paper trading account (aka virtual stock trading) to allow beginners to practice investing in stocks, ETFs, and crypto without risking any money.
You can access “Paper Trading” by clicking the Menu on the bottom right hand corner of the Webull app and pressing the “Paper Trade” icon.
Trading Stocks & Crypto
Webull offers free stock trades and that’s one of the main reasons I use the platform. You can setup limit or market orders along with advanced exit orders like trailing stops and stop losses.
Webull also supports fractional share trading and DRIP (dividend reinvestment plans) too.
However, I don’t recommend trading crypto on the platform because you cannot send your coins to another wallet (similar to the problem with Robinhood). When you purchase crypto on Webull, you hold a deritivate of the coin and must sell your crypto to lock in any gains.
If you are interested in HODLing your coins for the long run then I recommend using Coinbase or another cryptocurrency exchange instead.
If you’re just interested in trading crypto for a profit then Webull is a good enough choice.
Webull FAQ
Yes. Webull uses high level password protection and security to secure your funds. Your brokerage account is protected as well. I never heard a hack or security problem with Webull.
Yes. Webull is used by millions of investors (including myself) who use the platform for stock, options, and crypto trading.
If you have at least $25,000 to avoid the Pattern Day Trading rule then Webull is useful for day trading stocks & crypto. Webull offers better charts & level 2 quotes than competitors like Robinhood. Many day traders use Webull to scalp profits and grow their accounts.
If you’re a buy and hold investor then Webull is a good alternative to Robinhood for holding long term stocks like Tesla or Apple. If any of your positions receive a dividend then Webull will automatically credit it to your account or you can setup a DRIP.
Yes. Webull is wholy owned by Fumi Technologies, a Chinese based tech company.
Yes. Webull doesn’t charge any fees for stocks, crypto, or options trading.
Webull is currently not available in Canada as of now.
Yes.
I prefer Webull over Robinhood because Webull offers better watchlists, free paper trading, and advanced charts for day and swing traders. Robinhood is good for beginners but consider switching to Webull once you reach learn how investing works.
Webull is a good choice for crypto trading if you don’t mind using a third party service such as Apex Crypto instead of a traditional crypto wallet. You can store your coins on Webull and purchase crypto without any additional fees. You will only pay a 1% spread.
