Webull Review

Donny Gamble
December 26, 2021
4.5
Personalincome rating

In the age of mobile innovation, Webull is the perfect companion to help new-generation investors utilize their buying power on the go. With excellent coverage, an intuitive platform, and their growing library of educational content to help you become a better investor, Webull remains on top of the list of best apps in 2022 for trading stocks and cryptocurrency.

Webull logo
on Webull's website
Webull
FEES
$0
trading fees
Minimum DEPOSIT
$0
PROMOTION

Receive a free stock with deposit

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Key Takeaways

Webull is an option for beginners due to the low costs, excellent introduction to stocks and crypto, and seriously user-friendly app with an excellent UI. It isn’t the perfect platform, but then again, no such thing exists.

For what it offers, Webull is competitively priced, grants you access to crypto 24/7, and guarantees an excellent amount of insurance against aggregate loss. It’s a safe, reputable platform that’s designated for beginners.

Pros & Cons

Pros
  • Extremely Low Costs
  • Simple Platform
  • Investor Insight Tools
Cons
  • Limited Products
  • Customer Support is not very good

Webull dominates the mobile app market as one of the best investor platforms out there, but how does it really stack up? Is this digital stock broker platform really worth the hype?

With low costs and plenty of free products, Webull has a lot to offer to new investors, and a few pitfalls that we need to talk about before we send you in their direction.

Webull is a stock trading app unlike any other, but that doesn’t mean there isn’t room for improvements.

About Webull

Webull was created in 2017 to make investing easier and provide better access to investment options, cryptocurrency, and educational investment content.

This commission-free platform is designed to make sure investing in your future isn’t exclusively limited to the rich. With an easy to use platform, Webull gives you the tools you need to become an avid investor.

Webull Products

  • Stock Investing: Invest in your favorite stocks like Apple, Google, and more, all with extreme ease and commission-free buy orders
  • Options Trading: Options can be low-risk if you play your cards right, or offer a quick and high return; either way you play it, Webull gives you the option
  • ETFs: The way to diversify your holdings all from your phone
  • IRA Accounts: Invest in your retirement without sinking a ton into taxes in the process
  • Individual Broker Accounts: Buy and sell securities and assets during extended hours

Webull Commissions and Fees

Service

Trading Fees

Minimum Deposit

Stock Trading

$0

$0

Options Trading

$0

$0

There are no commissions on stock trading or ETF trades. You can even fund your account without worrying about incurring fees if you use ACH bank transfers.

However, if you wanted to wire money in and have it accessible faster, that is an $8.00 fee for deposits, and a $25.00 fee for withdrawals.

International wire fees are scaled up as well (and can change based on exchange rates), however this isn’t a negative since you can’t avoid this on other platforms either.

The concept of commission-free trading has been fantastic for investors, and Webull has no future plans to add commissions for trades as far as they’ve disclosed.

Since this has been their business model since their inception in 2017, it wouldn’t be wise to suddenly become a commission platform. It’s reasonable to expect commission-free trading to continue for the duration.

Who is Webull Best For?

Webull is best for beginners. It starts with the app interface and the signup process being simple and relatively quick. Even confirming your identity isn’t as difficult as it can be on other apps and platforms.

While Webull initially lacked educational content, they’ve since increased their library over the last twelve months and have really come up to par with other educational sources for newer investors.

Does this mean Webull is the only trading app you’ll ever need? Not exactly. They’re an excellent service, but you should never put all your eggs in one basket.

Webull is a good platform that no investor can really outgrow, but in the future, it should be used in conjunction with other apps as you become more accustomed to trading.

Webull FAQ's

Can you trust Webull?

Webull has been a top-tier option since their inception in 2017, and so far, there is no reason to distrust their platform or business practice. Overall, investors trust Webull as much as they trust any other platform.

Webull also has a rather impressive insurance rating, up to $150 million through Apex Clearing on top of their SIPC insurance, so they’re definitely out to protect your investments and leave all insecurities at the door.

Is Webull better than Robinhood?

In our ratings, we put Robinhood as the best overall trading platform, but that is relative to what your needs and desires are for your financial goals. Webull is the best for beginners, but Robinhood has its own strengths (which is why it’s been one of the leading apps for years now).

Webull is a great choice with different things to offer, but it's either matched or slightly outdone by Robinhood.

Should you use Webull for options trading?

While there are plenty of options, and a lot of Webull’s competitors definitely have excellent choices for options trading, Webull is one of the few services that doesn’t incur a per-contract fee on options.

That’s huge, because a lot of older trading platforms are still stuck in the past. Charging per-contract fees is archaic in today’s climate, which is just one more reason that the answer to our next question won’t surprise you.

Is Webull a good app for beginners?

Webull is actually the best stock trading and brokerage app for beginners on our lists, and that’s because they nt only have the educational material to help bring you up to speed, but they also have a streamlined, intuitive platform.

Whether you’re on mobile or desktop, you have full range of the Webull platform. While they definitely have an emphasis on educational content, the overall experience is also more catered towards beginners, or you can change the UI to display more information once you become more experienced with trading.

An excellent solution.

How does Webull make money?

Webull is fairly transparent about how they make money. Between subscription fees for their premium service, interests paid on margins, and payments for short selling fees and order flows, there are many avenues of revenue.

Much like Robinhood, Webull has an ethical stance and transparent approach to how they make money. Despite being younger than Robinhood, they sit on the same pedestal.

Compare to Other Brokers

Robinhood logo
TRADING FEES
$0
MINIMUM DEPOSIT
$0
PROMOTION
1 share of free stock
M1 Finance logo
TRADING FEES
$0
MINIMUM DEPOSIT
$100
PROMOTION
Get a bonus on initial deposit
Public logo
TRADING FEES
$180
MINIMUM DEPOSIT
$0
PROMOTION
Receive a free stock with deposit

Webull

Webull offers commission-free online stock trading covering full extended hours trading, real-time market quotes, and options trading.

  • Webull
  • Rating: 4.5
  • Reviewed by:
  • On December 26, 2021
  • Last modified:December 27, 2021

Review Summary:

Webull offers commission-free online stock trading covering full extended hours trading, real-time market quotes, and options trading.

Review of: Webull

Reviewed by:
Rating:
4.5
On December 26, 2021
Last modified:December 27, 2021

Summary:

Webull offers commission-free online stock trading covering full extended hours trading, real-time market quotes, and options trading.

About the author 

Donny Gamble

I’m Donny. I’m a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.

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