Webull Review

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

ProsCons
Trade NASDAQ, NYSE, and OTC stocks (Both US and ADRs) for $0 commissionsNo private crypto wallet availability
$0 Deposit minimumsNo 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.

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Fees

AssetsTerms
US Stocks$0 per trade
US ETFs$0 per trade
Mutual FundsNot available
Cryptocurrencies1% 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 BalanceRates
Under $25,0006.99%
$25,000.01 – $100,0006.49%
$100,000.01 – $250,0005.99%
$250,000.01 – $500,0005.49%
$500,000.01 – $1,000,0004.99%
$1,000,000.01 – $3,000,0004.49%
More than $3,000,0003.99%

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 TypeFee
Account feeNo
Inactivity feeNo
Deposit fee$0
Withdrawal fee$0

Webull Wire Transfer Fees

Wire transfer typeFee
US domestic deposit$8
US domestic withdrawal$25
Non-US deposit$12.5
Non-US withdrawal$45

Deposits and Withdrawals

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.

ProductAvailability
StocksYes (US stocks only and ADRs)
CryptoYes
ETFsYes
ForexNo
FundsNo
BondsNo
OptionsYes
FuturesNo
CFDsNo
BInary OptionsNo

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

Web Trading Platform

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:

Webull EV Stocks Watchlist

Create an unlimited amounts of watchlists for free within the Webull app even if you don’t make a single trade.

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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.

Webull Mobile App Top Losers

Desktop Trading Platform

Research

Webull really shines with its comprehensive technical & fundamental analysis data that helps making research pretty simple.

Customer Service

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.

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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.

Safety

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

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