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
|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.
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.
|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.
|$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.
Webull Wire Transfer Fees
|Wire transfer type||Fee|
|US domestic deposit||$8|
|US domestic withdrawal||$25|
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.
|Stocks||Yes (US stocks only and ADRs)|
List of Webull Crypto Tradable Assets
- The Graph
- Bitcoin Cash
- Ethereum Classic
- Basic Attention Token
- Uniswap Protocol Token
- Curve Dao Token
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.
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.
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
Webull Top Losers
Webull lists the biggest stock losers for the trading day. You can sort losers by different time ranges.
Desktop Trading Platform
Webull really shines with its comprehensive technical & fundamental analysis data that helps making research pretty simple.
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.