Webull FAQ: My Personal Experience Trading Stock

Webull is an online trading platform offering stock trading with zero commission fees.

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Webull is a robust self-directed trading platform designed for active and experienced traders. With Webull, you get commission-free trades in U.S. Listed Equities (stocks), exchange-traded funds (ETFs), and foreign companies through ADRs.

Currently, Webull promotion for new accounts with $100 deposit or more: get 2 free share of stocks valued between $8 – $1600.

If you’re interested, you can read my Webull review, but this article I wanted to address more questions I get about the app from readers.

Webull Stock Trading App

I have used Webull stock trading app for 12 months. Initially, I deposited $1,500 with an intention to purchase relatively known stocks to test the trading features and speed of withdrawals. Today, my account is currently valued $1387. This included a withdrawal of $250 to test another stock trading app. In the past 12 months, I’ve made good and bad trades but my account grew in value with my conservative approach.

Overall, my assessment of Webull is a positive one but it’s meant for those who are active traders. This was unlike my experience with Public or M1 Finance.

Is Webull a good trading platform?

Webull is a free trading platform with a a comprehensive tools that include: technical indicators, economic calendars, ratings from research agencies, margin trading, and short-selling. It also offers community participation through a forum and paper trade competitions to educate and engage traders.

What are Webull’s key features?

  • Advanced and intelligent tools and services
  • $0 Commission Fees
  • Free Real-Time Quotes
  • Multi-platform Accessibility
  • Full Extended Hours Trading
  • 24/7 Online Help
  • Community forum to chat with other traders
  • Paper trading competitions

Is Webull good for beginners?

Webull can be overwhelming for beginners. I certainly felt that way even with some exerpeince. Although I am more of a passive investor than an active one. There are two great features for beginners: paper trading and community chats.

With paper trading, you can learn how to trade and practice without using your real money. This helps you learn how to use the apps and read the charts. Community chats allow you to interact with other traders, but I warn you there isn’t much educating as there is bragging.

Does Webull allow day trading?

Webull was made for day trading with its in-depth analytics and research tools. However, there are limits. If you have an account less than $25,000 you are limited to 3 day trades within 5 successive business days. For accounts over $25,000, you have unlimited day trading access.

Is Webull really free?

Yes, Webull offers free trading. They do not charge commissions for trading stocks, ETFs and options listed on U.S. exchanges. However, fees are still assessed by the SEC, FINRA and OCC, the regulatory agencies. You’ll notice small amounts starting at $0.01 and based on volume.

Webull vs Robinhood

Webull is best for intermediate and active traders who want access to a robust platform to make technical trades. The platform might be overwhelming to newbies but beginner traders can learn quickly on how to make trades using the educational and community features.

Robinhood is a good for beginners who don’t need as much in-depth analysis and tools for trades. With Robinhood, you get more simplicity but that also means less active trading.

If you’re looking to actively trade, read charts, and research opportunities, then Webull is the clear winner. Webull is best for day traders.

Is Webull a legitimate Company?

Webull is a legitimate company. Webull Financial LLC is a US-based broker-dealer and member of FINRA, SIPC and NASDAQ headquartered at 44 Wall Street, New York City. Learn more with FINRA’s BrokerCheck. They are also a member of SIPC which protects securities of customers up to $500,000 ($250,000 of cash)

The company is both a US and Chinese corporation. The technology team is based in Hunan, China with all customer-facing and brokerage operations in NYC.

What are Webull’s brokerage services?

Webull is a trading platform providing access, information, and insights to help you make better trades. Get access to commission-free trades, real-time market data, and analysis tools. And use Webull’s unique community features to engage with other traders.

Webull helps you perform both fundamental and technical analysis:

  • Access to analyst recommendations, revenue and historical earnings per share data
  • Get key statistics, insider trades, stock quotes and information such as earnings, dividends and stock splits
  • Feeds to track news that could affect your stocks
  • Provides a real-time bar and line charts: time frames ranging from 1 to 60 minutes and historical data set going back in the past 5 years or more.
  • Use popular indicators such as Bollinger Bands, MACD, and more

Is Webull really safe and secure

Webull, a member of the SIPC, offers up to $500,000 protection of account assets of which $250,000 in cash is protected. Additionally, Webull’s Clearing Firm offers additional insurance protection. These insurance protections do not insure against the loss of your securities do to market fluctuations. Visit the SIPC website to learn more about what it protects.

Does Webull offer margin accounts?

Webull offers a margin account with no minimum required. However, there is a minimum of $2000 to use leverage and short. To trade on margin, there are no fees but you’ll pay interest based on how much you leverage (borrow from Webull).

Can you trade options on Webull?

Yes, Webull option trading is available. Options allow you to take advantage of both sides of the market with calls and puts. If you think the market will go up or down, then you can trade options using Webull.

Option trading is generally for more experienced traders.

How can you start with Webull?

  1. It’s quick and easy to get started on mobile and through the app.
  2. Complete the required information to verify your identity and clear the waiting period to make a new brokerage account.
  3. Fund your account by connecting a bank account.

Why Use Webull

If you’ve wanted to use a free trading platform that’s suitable for day trading and has access to fundamental and technical information, then Webull is the app for you.

Webull might be a bit more robust for beginner traders. However, the platform makes it easy to make your first trade in minutes. Do you want to do a bit more research before buying/selling? Use the app features to make a better decision when to buy, sell, and hold.

With no minimum requirement and zero commission trades, it’s easy to get started using Webull today!

Hopefully, this questions can help you decide whether or not Webull is right for you.

Jason Vitug

Jason is the founder of phroogal, creator of the award winning project Road to Financial Wellness, and author of the bestseller and New York Times reviewed book, You Only Live Once: The Roadmap to Financial Wellness and a Purposeful Life.

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