Webull has been all the craze as of recently, I mean come on 0 commissions and technical analysis tools? We HAD to review this.

Me looking at some Apple stock with the WeBull mobile app

About Webull

Webull (officially Webull Financial LLC.) is a licensed broker dealer where you can buy and sell both stocks, cryptocurrencies, bonds, funds, forex and derivatives. They are SEC, FINRA and SIPC (which protects customer securities up to $500,000 (including $250,000 for cash claims) certified so no worries about the legal stuff. And yes they are 0 commission meaning you don't pay fees when you place a trade, more on that later. Webull is like any other stock trading app but has way more features and is also a free. Webull launched May 2018.

Features

Webull has a ton of features, way more than other competitors such as Robinhood. Here a few :

0 commission fee, 0 account opening/maintenance fees, and 0 account minimum deposit.
Full Pre and After market trading hours. (4:00 a.m. - 9:30 a.m. and 4:00 p.m. - 8:00 p.m.)
21 technical indicators.
Candlestick and line charts.
Breaking news & Global market financial data.
Personalized portfolios, watchlists and alerts.
Timely customer service responding.
Paper Trading (learn to trade with fake money so you don't risk your own money first)
20,000+ stocks to buy on the Webull platform.

A cool Webull graphic

so as you can see they have all the tools you need to day trade or invest long-term.

Really 0 commission?

Yes, 0. They provide all of these tools for almost free, yes almost. There is a 75$ fee anytime you transfer any securities or active positions you are in to another brokerage. While Webull isn’t going to charge you any fees for making a trade, the SEC and FINRA require fees that are baked into your trades.

According to the app’s site, those fees are as follows:

SEC: $23.10 per $1 million you trade, with a minimum of $0.01
FINRA: $0.000119 per share, with a minimum fee of $0.01

These are fees you’ll pay every time you make a trade on any app that lets you buy and sell stock and other securities; they’re not specific to Webull.

Webull vs Robinhood

Everyone talks about Robinhood and how Webull stacks up against it, here is our consensus:

Webull is better for serious investors who want to do their own learning and make their own decisions based on the most up-to-date data available.While Webull is definitely the more complex app, the two apps do have some basic things in common. You can use both of them to buy and trade stocks and cryptocurrency, and both of them provide the ability to buy on the margin.

Robinhood is better for the beginner investors as it's extremely easy to use but once again lacks many core tools.

Both apps require a $2,000 starting deposit for a margin account – Robinhood calls theirs “Robinhood Gold”. Whereas Webull charges you a percentage to make merging purchases, Robinhood charges dollar amounts ranging from $6 to $200.

Get a free stock ranging from $8-1000 by signing up for WeBull, yes all for free.

The Watchlist feature on Webull

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Our Conclusion: Pros and Cons of Webull

After spending some time reviewing the features of WeBull, I gotta say it's really good. I am just amazed that it can bake all those investing and technical tools while at the same time making the app very user friendly for intermediate and expert investors, for beginners it can be overwhelming until you educate yourself.

We also think it’s a big advantage that Webull offers a virtual portfolio through which you can make fictional decisions about your assets and see how those decisions play out over time. This would be one of many ways for a new investor to learn his or her preferred strategies.

The downside to the app is that it’s not very user-friendly for newcomers. There’s a lot going on when you open the app up. This is a heavy-duty investment platform. If you’re looking for something simpler, try Robinhood. Their user experience is friendlier and more design-focused that Webull.

If your looking to get started investing in stocks and cryptocurrencies or your an expert and want to try a new stock broker check out Webull.

Overall we prefer Webull over Robinhood, what are your thoughts?

WeBull Review

Average Rating 4.67 / 5

3 Reviews