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Written by:
Fact checked by:
Updated:
May 2023
Recommended for
  • beginners 4.4/5
  • equity trading 4.3/5
Trusted broker
  • Top-tier regulation
  • Compensation in case of broker bankruptcy (terms apply)
Popularity
9,473 people chose this broker in the last 6 months

Our take on 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, and Webull’s product selection lacks popular asset classes like bonds or mutual funds. As is common among US brokers, deposit and withdrawal are via bank transfer only.

BrokerChooser score
4.8 4.8 /5
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Webull is available in United States
Stock fee
Low
Fractional shares
Yes
Minimum deposit
$0
Inactivity fee
$0
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
Expert opinion
“I usually recommend Webull to beginners who are just taking their first steps in investing or trading. I really liked Webull’s web and mobile apps; they are easy to use and check all the important boxes including safe login, advanced order types and intuitive search. Fees are low and account opening is a breeze. One thing that may frustrate some long-term investors is that bonds or mutual funds are not available.”
Gergely Korpos
Co-founder / CPO

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

Webull summary

Fees
4.8
Account opening
5
Deposit and withdrawal
1.9
Web trading platform
5
Mobile trading platform
5
Desktop trading platform
5
Markets and products
2.9
Research
4.4
Customer service
3.3
Education
4
Safety
To read much more details about the broker's services and features, expand on the sections below.

Webull review
Fees

Score: 4.8/5
+
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

Score: 5/5
+
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

Score: 1.9/5
+
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

Score: 5/5
+
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

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.
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Webull review
Desktop trading platform

Score: 5/5
+
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

Score: 2.9/5
+
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

Score: 4.4/5
+
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

Score: 3.3/5
+
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

Score: 4/5
+
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

Webull's fee structure is truly appealing. You can trade US stocks, ETFs and options commission-free. The account opening is easy, fully digital, and fast while the trading platforms are easy to use and well-structured.

Webull has some drawbacks though. The product portfolio is quite limited, including only stocks, ETFs, options and crypto. Bank transfer is the only option for depositsand withdrawals, and wire transfers carry a fee in both directions. Customer support is hard to reach opn the phone.

As the account opening is seamless and Webull offers commission-free stock and ETF trades, feel free to try it.

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Webull review
FAQ

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Author of this review

Adam Nasli

Author of this review

Adam is a motivated finance expert. He is one of the first hires at BrokerChooser and has since tested almost all 100+ brokers covered by BrokerChooser. Adam holds a professional degree from CEU and he helps teach finance and programming courses at his alma mater. Previously he worked in the banking sector, including at Citi Bank. He loves researching the financial industry, managing his long-term investments, and trading with algorithms.

Adam Nasli

Analyst Head

Adam is a motivated finance expert. He is one of the first hires at BrokerChooser and has since tested almost all 100+ brokers covered by BrokerChooser. Adam holds a professional degree from CEU and he helps teach finance and programming courses at his alma mater. Previously he worked in the banking sector, including at Citi Bank. He loves researching the financial industry, managing his long-term investments, and trading with algorithms.

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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