Webull is a unique easy to use trading platform that comes with an amazing community user experience. It is sometimes regarded as Webull Financial, a Chinese electronic trading platform with its headquarter based in Newyork, United States. The trading platform offers amazing services which cuts across commission-free trading stocks, cryptocurrencies, margins, options, traded funds, and lots more. So let’s quickly dive into some reviews about Webull.
Webull Reviews
Webull is one of the popular online brokers that was established in 2017 and began operation in May 2018 with the use of the platform’s mobile app. The trading platform focuses its services on active traders who are ready to invest in option, cryptocurrency, stocks, and other online investments with a very good competitive margin rates.
Webull is a very good trading platform for those with smaller assets to get them a good yield. This trading platform does not charge commissions on stock, option trades, and ETF. Plus, it has no account minimums when investing. Webull Financial is accessible on the mobile browser of desktop computer and mobile app. Let’s check the advantages and downsides of Webull.
One of the newest features of We bull is the IRA that enables you save for retirement. You can also create an individual brokerage account on the platform. This account is regarded as the general account that allows you to buy and sell securities and assets especially for stock investors. You can also use this trading platfrom to trade multiple cryptocurrencies like Bitcoin, Ethereum, Litecoin, Doddgecoin, BItcoin Cash, and many more all commission free.
Advantages of Webull
There are amazing offers you stand to enjoy when you decide to use this trading platform.
- You can start trading with free stock and $0-commison options trades and no-charges fee for per-contract you get.
- We bull has access to 11 cryptocurrency trading platform.
- This trading platform is built with a good mobile user-friendly interface that makes trading easy for investors.
- Unlike other strong competitors like Robinhood, which is looking for how to please both new and existing investors about its platform on the mobile and desktop interface usage. Webull uses Nasdaq to offer high quality Level II market data, in-depth charting, advanced orders, dozen of technical indicators for Advanced active traders.
Downsides of Webull Financial LLC
- The margin trading is available to those with $2000 or higher in their account
- Webull does not offer diversification of mutual funds
- The trading platform is offering more educational contents on its platform compared to its competitors.
- There is no cash management system on Webull. In other words, no interest growth on your uninvested cash.
Is Webull Safe or Legit?
Webull is registered with and regukated by the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), The New York Stock Exchange (NYSE), NASDAQ and Cboe EDGX Exchange, Inc (CBOE EDGX). Plus, it is also a member of the SPIC, a brokerage firm which protects (up to $500,000, which includes a $25,000 limit for cash) against the loss of cash and securities held by a customer at financially-troubled SPIC-member brokerage firm. So therefore, Webull Financial LLC is a legal, safe and legitimate brokerage firm to trade with.
Webull vs Robinhood
Robinhood is a strong competitor to Webull. This has prompted questions from new traders who are planning to invest in a brokerage firm between Robinhood and Webull to ask “is Webull better than Robinhood?” According to Stockbrokers.com, after a test conducted on 15 of the best online brokers over the last six months; it was discovered that Webull with (67.68%) unique community experience and good user-user friendly trading platform is better than Robinhood with (64.85%).
Webull App
With your smartphone, you can access the We bull mobile app. This gives you access to easily trade on the trading platform. With the mobile app, you can invest in any cryptocurrency trading platform with Zero commission. The Webull Crypto enables you to buy and sell cryptocurrency without stress. To download the Webull mobile app, you can get it on Google play store or Apple app store.
How Do I Download the Webull Desktop Version
Webull Desktop sometimes regarded as the “Webull download”. The Webull desktop is for traders who want to use the Webull trading platform on their desktop devices but don’t know how to go about it. Follow the steps below to download Webull for your desktop.
- Go to www.webull.com/ in the web browser of your device.
- Next, click on the “Download” button at the top-center of the homepage.
- On the next page, scroll down and locate the “Desktop platform”.
- You will come across three options – chart, trade and Paper trading.
- If you want to trade on your desktop browser, choose the trade option and use the chart to study your general trading platform.
- To download the desktop app, scroll down and click on the blue “download” button.
How to Sign up for Webull Account | Webull Sign up
To create a trading account is easy but you have to complete the registration form to begin on the platform. You can either register with your email address or phone number to get started. Below is a step by step guide to sign up on the Webull platform.
- Go to www.webull.com/ in the web browser of your device.
- Next, click on the blue “Sign up” button in the top-right corner of the homepage.
- On the next page, enter your email address and password.
- Confirm a verification code sent to your email to register with email.
- Then, click on “Sign Up”.
- To sign up Webull account with phone number, Click on Mobile Sign up
- On the next page, enter your phone number and password.
- Confirm a verification code sent to your phone number to register with phone number.
- Finally, click on “Sign Up”.
Now that you already have an account, you can simply login to your Webull account and start trading either on Website or desktop app. To learn how to login to your platform, follow the steps below.
Webull Login – How to Log into your Webull Account
You can login to your account via your mobile app or desktop browser or app. To login to your Webull account, you can use the “Mobile login” or “Email login”.
To use the Mobile Login
- Enter your registered phone number and Password.
- Then, click on “Log In”.
You can alternatively scan your mobile device QR code to log in to your account.
To use the Email Login
- Enter your registered Email address and Password.
- Then, click on “Log In”.
Webull Trading Hours
Webull offers full supports to traders at extended trading hours for full pre-market between (4:00 AM – 9.30 AM EST) and after-hours trading sessions at (4:00 PM – 8:00 PM EST).