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Webull Review 2025

Written by
Adam N.
Fact checked by
Updated
17h ago
Regulated and trusted. Tested via live trading.
20,711 people chose this broker
Available in United States

Why choose Webull

Webull is a relative newcomer among US stockbrokers, following in the footsteps of discount brokers such as Robinhood. Like nearly all of its competitors, Webull provides commission-free US stock, ETF and options trading with no inactivity fees.

Its trading platforms are extremely user-friendly and sport many functions, making it one of the best platforms among US brokers.

Webull’s shortcomings are also very typical of young US discount brokers. Phone support is poor, the product selection lacks popular asset classes like bonds or mutual funds, and deposit and withdrawal are via bank transfer only.

  • Free stock/ETF trading
  • High interest on uninvested cash
  • Fast and easy account opening
  • Great trading platforms
Overall score
4.3/5
Minimum deposit
$0
Stock fee
Low
Options fee
Low
Inactivity fee
no
Account opening
1 day

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See how the best brokers in the United States compare to Webull

US stock fee
Estimated commission of a $2,000 trade, assuming a $50 stock price
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Fees

Score: 4.7/5
Webull offers commission-free trading for US-listed stocks, ETFs and options. It also pays high interest on idle cash. There is no withdrawal fee for ACH transfers and no inactivity fee, but wire transfer fees are high.
  • No commission (for stocks, ETFs, options)
  • High interest on cash balance
  • ACH transfers are free for funding & payout

We compared Webull's fees with two similar brokers we selected, moomoo and Robinhood. These competitors were selected based on objective factors like products offered, client profile, fee structure, etc. See a more detailed comparison of Webull alternatives.

Commission-free stock and ETFs

It’s extremely great as Webull has commission-free US stock trading.

Broker
US stock
Webull
$0.0
moomoo
$0.0
Robinhood
$0.0
Webull stock and ETF commission

Average margin rates

Webull USD margin rate fees are slightly lower than the industry average. USD margin rate fees are calculated as follows: Margin rate ranges between 9.24% and 5.24% depending on your debit balance

Broker
USD margin rate
Webull
9.2%
moomoo
6.8%
Robinhood
6.0%
Webull annual margin rates

Low options commission

Webull US stock index options fees are about half of the industry average. US stock index options fees are calculated as follows: $0 per trade plus $0.55 contract fee and regulatory and exchange fees

Broker
US stock index options
Webull
$5.5
moomoo
$5.0
Robinhood
$0.0
Webull benchmark stock index options commission for 10 contracts

Webull doesn't charge any commission for trading options. The broker passes on the proprietary index option fees that the exchange may charge. Plus, in the case of certain index options there is a $0.55 per contract fee.

No inactivity fee, no withdrawal fee

It charges neither an account or an inactivity fee.

Broker
Inactivity fee
Withdrawal fee
Webull
$0
moomoo
$0
Robinhood
$0
Webull inactivity, withdrawal and other fees

The fees for wire transfers are as follows:

Webull wire transfer fees
Wire transfer type and direction Fee per transaction
US domestic deposit $8
US domestic withdrawal $25
Non-US deposit $12.5
Non-US withdrawal $45

For transferring out securities from your account, Webull charges a $75 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.

Other commissions and fees

Low futures fees: US index futures fees are as follows - $0.25 per trade plus regulatory and exchange fees.

Broker
Mutual fund
US micro e-mini stock index futures
Webull
-
$2.5
moomoo
-
-
Robinhood
-
-
Misc. fees compared with other brokers

Check out a detailed analysis of all the fees, commissions, and other charges levied by Webull for more information.

Safety

Webull is a legit brokerage. It 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.
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
Read more

Deposit and withdrawal

Score: 1.1/5
At Webull, wire transfer fees are high and fees apply to debit card withdrawals. On the other hand, deposits are free with debit cards or ACH transfers.
  • User-friendly
  • Free ACH deposit and withdrawal
  • Debit card is available for free deposit
Read more

Account opening

Score: 5/5
Webull's account opening process is seamless, fully digital, and verification takes less than a day.
  • Fast
  • Fully digital
  • No minimum deposit
Read more

Mobile app

Score: 5/5
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.
  • User-friendly
  • Two-step (safer) login
  • Good variety of order types
Read more

Desktop platform

Score: 5/5
Webull's desktop trading platform has the exact same functionalities and design as the web trading platform.
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good variety of order types
Read more

Product selection

Score: 2.2/5
Webull has a limited product portfolio that includes only US stocks, ETFs, options and futures. Other asset types, such as forex, funds and bonds are not available.
Read more
“A relative newcomer to the online trading industry, Webull launched in 2018 as a mobile-only platform, adding desktop capabilities in 2020. It is owned by a Chinese consortium, and only accepts clients from the US and Hong Kong. Its platforms are easy to use and suitable for inexperienced traders, with research capabilities and advanced order types that appeal to more sophisticated clients. Customers can trade stocks, exchange-traded funds, cryptocurrencies, and options, but there are no mutual funds or fixed income offerings. Uninvested cash earns interest, with no minimum requirement, that is much higher than the industry standard.”
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FAQ

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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.

author
Adam Nasli
Author of this review
I bring extensive financial expertise as one of BrokerChooser's earliest team members. Personally, I tested nearly all 100+ brokers on our site, opening real-money accounts, executing trades, assessing customer services, and providing firsthand assessment. My professional background includes roles in the banking sector and a degree from Central European University, where I teach finance. My passions lies in in-depth research of the financial industry, building trading algorithms, and managing long-term investments.
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