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Written by: Ádám N. Updated: Dec 2022
Expert verified
Recommended for
  • beginners
  • equity trading
Trusted broker
Regulated by top-tier financial authorities
Popularity
2,278 people chose this broker in the last 6 months
BrokerChooser Score
4.8/5

Webull review summary

Webull is a discount US stockbroker regulated by the top-tier US SEC and FINRA as well as the Hong Kong SFC. Webull provides commission-free US stock, ETF, and options trading with no inactivity fees. The account opening is seamless, fully digital and really fast. The trading platforms are well-structured and user-friendly with many order types. It is a good choice for beginner investors. On the negative side, Webull's product portfolio is limited, covering only stocks, ETFs, options and crypto. Only bank transfers are available for deposits and withdrawals. Phone support doesn't work properly and there is no live chat. BrokerChooser gave Webull a 4.8/5 rating based on analyzing 500+ criteria and testing via opening a live account.

Webull is available in United States

Webull pros and cons

Pros Cons
Free stock, ETF and options trading Limited product portfolio
Fast and easy account opening Only bank transfer for deposit/withdrawal
Great trading platforms No live chat and poor phone support

Webull main highlights

🗺️ Country of regulation USA, Hong Kong
💰 Trading fees class Low
💰 Inactivity fee charged No
💰 Withdrawal fee amount $0
💰 Minimum deposit $0
🕖 Time to open an account 1 day
🎮 Demo account provided Yes
🛍️ Products offered Stock, ETF, Options, Crypto
To read much more details about the broker's services and features, expand on the sections below.

Webull review
Fees

4.8
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.
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Webull review
Account opening

5.0
Webull's account opening process is seamless, fully digital, and verification takes less than a day. However, the broker only accepts clients from the US and Hong Kong.
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Webull review
Deposit and withdrawal

1.9
At Webull, you can use only bank transfer to add or withdraw funds and wire transfer fees are high. As a plus, transferring money is user-friendly and ACH transfers are free.
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Webull review
Web trading platform

5.0
Webull offers one of the best trading platforms on the market. It's easy to use and suitable for both beginners and experts, with many advanced features.
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Webull review
Mobile trading platform

5.0
Webull's mobile app is user-friendly and well-designed. The platform has every feature you may need, including an advanced order panel, price alerts and two-step login.
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Webull review
Desktop trading platform

5.0
Webull's desktop trading platform has the exact same functionalities and design as the web trading platform.
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Webull review
Markets and products

2.9
Webull has a limited product portfolio that includes only US stocks, ETFs, crypto and options. Popular asset types such as funds, bonds and forex are not available.
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Webull review
Research

4.4
Webull offers easy-to-use research tools, including great recommendations and fundamental data. We would have loved to see more analytic tools, such as an economic calendar.
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Webull review
Customer service

3.3
Webull's customer support could be better, as phone support is hard to reach and there is no live chat. However, the platform's message center works great.
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Webull review
Education

4.0
Webull offers a demo account and some quality educational content.
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Webull review
Safety

Webull is regulated by top-tier financial authorities that provide a high amount of investor protection. On the negative side, it is not a listed company and thus does not publish any financial information.
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Webull review
Bottom line

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Webull review
FAQ

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Author of this review

Ádám Nasli

Author of this review

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo trading, programming and trading.

Ádám Nasli

Analyst Head

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo trading, programming and trading.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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