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Webull IRA / Retirement Accounts for Traditional, Roth, and Rollover IRAs

Webull IRAs offer Traditional, Roth, and Rollover accounts using the same robust trading platform offered in its general investing account.

  • Make zero-commission trades of stocks and ETFs with your retirement funds.

 

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Webull IRA review quick take: Webull IRAs can help you save for retirement with its traditional, Roth and Rollover options.

Webull IRA Overview

Webull is an online brokerage account for self-directed investors with a robust platform and comprehensive data and research tools. You can open an retirement account to save for your later years.

Webull Financial LLC is a US-based broker-dealer and member of FINRA, SIPC, NYSE, and NASDAQ, headquartered at 44 Wall Street, New York City.

What is a Webull IRA?

Webull offers Roth IRAs, Traditional IRAs, and Rollover IRAs. IRAs are retirement savings that offer certain tax advantages. With a Webull IRA, you invest yourself to maximize the returns of your tax advantage accounts. You can use all the features you’re familiar with in the original taxable investing account to manage your IRA investments.

Open your IRA today.

Why contribute to an IRA?

Contributing to an IRA has tax-advantaged benefits. Depending on your work situation and income, you can open a Traditional or Roth IRA. You may even be able to roll over existing 401(k)s or IRAs from other plans into Webull.

The following are other considerations:

  1. Depending on the type of IRA, you can save on your taxes now with a deduction or enjoy tax-free withdrawals.
  2. Grow your account with income from interest, dividends, and capital gains that can accumulate yearly without an end-of-year taxable event.
  3. Greater investment flexibility. Most 401(k)s and other employer retirement plans only provide limited investment choices. With an IRA in an online brokerage, you can pick from a wider range of investment options.

Webull IRA

How do IRAs work at Webull?

If you’re an existing Webull user, you can open an IRA. New Users must first open a Webull brokerage account and then apply for an IRA. Learn more about Webull’s online brokerage account.

IRAs through Webull are governed by the same IRS regulations. There are maximum contribution and deduction limits along with annual deadlines that must be adhered to. This is a federal regulation, not a company policy, that you and the online brokerage must adhere to.

Webull offers:

  • Traditional IRA: Contribute pre-tax funds and enjoy tax-deferred growth on your investments within the account.
  • Roth IRA: Make post-tax contributions for the benefit of tax-free withdrawals in the future. Income restrictions may apply.
  • Rollover IRA: If you have an IRA with your former employer, you can choose to roll it over to your IRA with Webull.

Why Actively Manage Your IRAs?

IRAs give you the flexibility to choose your own investment. An IRA through an online brokerage allows you to choose from individual securities, such as mutual funds, stocks, bonds, exchange-traded funds (ETFs), certificates of deposit (CDs), and options. However, Webull IRA supports stocks, ETFs, and Level 2 options trading.

The Webull IRA does not allow trading on margin or shorting securities, and the account balance cannot be negative. IRA accounts only support day trading with settled funds and generally follow the trading rules of cash accounts.

Sign up for a Webull online brokerage account to open an IRA.

Features & Benefits

Webull’s robust platform gives you more options for investing your retirement funds. Get access to the same tools as in your online brokerage account.

  • Zero-commission: Trade with no commissions or trading fees for stocks and ETFs in your IRA account.
  • Full extended hours trading: Trade before and after the market closes. Access trading either before (4 AM – 930AM) or after (4 PM – 8 PM) the trading day of a stock exchange.
  • Multi-platform: Log into your account online or on a mobile app. Create and consolidate watch lists, analyze charts, place orders, and check your positions across all platforms (web, mobile, PCs).
  • Free Real-Time Quotes: Get access to up-to-minute market data. Free real-time quotes provided are Nasdaq Basic, Nasdaq Total View, and NBBO) to analyze company trends.

Webull Financial LLC is a member of the Securities Investor Protection Corporation (SIPC), which protects securities customers of its members up to $500,000 (including $250,000 for cash claims). Additionally, Webull clearing firm Apex Clearing Corp has purchased an additional insurance policy. Keep in mind that your trading losses are not insured.

Fees

  • Commission Fees: $0
  • Minimum Account Fee: $0

With all IRA funds, withdrawing the amount before retirement age can result in taxes, early withdrawal fees, and penalties assessed by the IRS.

Pros and Cons

Pros

  1. Commission-Free Trading: Offers commission-free trading for stocks, ETFs, and options within IRAs, allowing investors to save on trading fees.
  2. Advanced Trading Tools: Access to advanced trading tools and features, including technical indicators, research reports, and real-time market data, which can help investors make informed decisions within their IRAs.
  3. Diverse Investment Options: With a Webull IRA, investors can access a wide range of investment options, including stocks, ETFs, options, and cryptocurrencies, allowing for diversified portfolio construction.
  4. No Account Minimums: No minimum balance requirements, making them accessible to investors of all levels, including those just starting to save for retirement.

Cons:

  1. Limited Account Types: Offers Traditional and Roth IRAs but does not provide other types of retirement accounts, such as SEP or SIMPLE IRAs, which may limit options for self-employed individuals or small business owners.
  2. Limited Customer Service: Some users have reported challenges accessing customer support or receiving timely assistance from Webull’s customer service team, which can be frustrating when dealing with retirement account-related inquiries.
  3. Complex Interface: While Webull’s advanced trading tools can benefit experienced investors, they may be overwhelming or confusing for novice investors, potentially leading to suboptimal investment decisions within IRAs.
  4. Limited Research and Analysis: While Webull offers some research tools and resources, including stock screeners and analyst ratings, it may not provide the same comprehensive research and analysis as some traditional brokerage firms, potentially limiting investors’ ability to make well-informed decisions within their IRAs.

Who is Webull IRA best for?

Webull IRAs are best for active investors who have a good grasp of market conditions and higher risk tolerance. There is a wealth of information available and can be overwhelming for beginner investors. However, for those with a better background, managing your IRA investments can lead to fewer fees and potentially better returns.

Webull IRA accounts

Webull IRA Review

With Webull IRAs, you can choose the same type of stocks and ETFs you do with your general investing account but invest your retirement money. The benefit of actively trading using retirement funds is that you maximize your returns on a tax-advantaged account and pay lower fees compared to a brokerage firm-managed account. However, if you’re risk-averse, you may want to stick to passively investing in index funds and using robo-advisors to help you manage your retirement accounts.

In our review of Webull IRA, we found that there are things to consider. You might have more control over managing your retirement funds, which can also come with more risks. As with any investment account, IRAs held with Webull are subject to market fluctuations and investment risks. While diversification can help mitigate risk, investors should be prepared for potential losses, especially in volatile market conditions.

Get started with a Webull online brokerage account or open an IRA.

How to Start a Webull IRA

The time needed: 3 minutes.

Step-by-step to opening an account.

  1. Getting started
    • Log in to your account or click the link to start using Webull.
  2. Apply for an IRA account
    • Choose the type of IRA you’d like to open. Sign the terms and conditions.
  3. Submit your application
    1. It may take up to 2 business days to approve your IRA application.

Webull IRA Alternatives

Alternatives to Webull IRAs include Acorns LaterM1 Finance IRA, and many others. Find additional retirement accounts.

 

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1 Review For This Product

  1. 01

    by Jason Vitug

    Webull IRA: Is it worth it?

    Webull’s IRA offering is definitely a contender as it’s general investing account is highly rated by its users. If you’re looking to actively manage your IRAs then this may be a good option. You get the same zero-commission trades and no minimums. Just keep in mind you’re required to follow IRS rules regarding retirement accounts. There are limits and rules that ensure the tax-advantaged status of IRAs.

    Are Webull IRAs a good option?

    You are in complete control with a Webull IRA. You make all the investment decisions. That can be a good thing, but it all depends.

    Do I recommend using a trading platform for your IRAs? Well, I’m a bit more passive when it comes to my retirement accounts. I prefer to set it and forget it so using robo-advisor works for me.

    However, if you have mastered or pretty confident with your general investing account, managing your IRAs yourself can mean better returns for you and no management fees.

    With Webull IRAs, you can open Traditional, Roth, and rollover your existing IRAs or 401(k)s. Just keep in mind the rules around what type of IRAs you’re eligible for and if your current IRA can be rolled over.

    I do have to commend Webull for making the process of opening an IRA simple along with an easy process to roll over existing plans. And the platform is robust with the same research tools are available to make better trades.

    Now, if you’re more like me, then you may want to use a service like M1 Finance’s expert pies for your IRAs. This gives you a hybrid option of guidance and control. That’s the one thing missing with Webull IRAs.

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