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.
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 |
Webull summary
- No commission (for stocks, ETFs, options)
- ACH transfers are free for funding & payout
- High wire transfer costs
Webull review
Fees
Webull review
Account opening
Webull review
Deposit and withdrawal
Webull review
Web trading platform
Webull review
Mobile trading platform
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Desktop trading platform
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Markets and products
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Research
Webull review
Customer service
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Education
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Safety
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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