Webull Financial LLC is a broking firm that provides a self-directed investment platform and a diverse range of investment products. Webull offers the following products:
- Stocks include exchange-listed domestic US stocks
- International stocks via ADR
- Fractional shares
- OTC stocks
Options offer real-time quotes, Greeks, and IVs, while ETFs provide diversification with a screener, research tools, and trading features.
Webull offers commission-free trading in stocks, ETFs, and listed options, as well as no account minimums or fees for its platforms and tools. Webull’s primary advantages include zero commission, free real-time quotations, multi-platform accessibility, extended trading hours, and online support.
Hunan Fumi Information Technology, a Chinese holding company with funding from Xiaomi, Shunwei Capital, and other Chinese private equity investors, owns Webull. However, Webull is a legitimate service registered in the United States and situated in Delaware, so it is not vulnerable to Chinese government interference.
Security measures of Webull
The Securities and Exchange Commission SEC and the Financial Industry Regulatory Authority FINRA are registered and regulated by Webull Financial LLC.
As a SIPC member, Webull protects consumers up to $500,000, including a $250,000 cash limit from the loss of cash and securities in the case of a SIPC-member broking firm’s financial bankruptcy.
How do I open an account?
To create an account on Webull,
- Visit the Webull website or download the app.
- Click the Open Account button at the bottom of the screen.
- Please provide your phone number or email address.
- Accept the terms of service.
- Please enter the verification code issued to your phone number or email address.
- Create and confirm your login password.
Assets and trading instruments of Webull
Webull offers various instruments like stocks, EFTs, options, and more. You can develop a trading strategy with these options.
Stocks
Trade stocks online with no commissions, superior research, and award-winning tools. Invest in U.S. stocks, OTCs, IPOs, and ADRs.
Buy fractional shares in your favorite company for as little as $5. Wefolio allows you to easily create and trade unique stock indexes with a single click.
Options
Explore a diverse range of options and strategies across markets and asset classes, each tailored to your investment objectives and risk tolerance. Trading stock and ETF options are commission-free, and index options cost only $0.55 per contract.
- ETF Options: Estimate the performance of index and sector ETFs.
- Index Options: you can trade prominent domestic index options such as NDX, SPX, XND, and XSP.
- Equity Options: Use tactics to predict the market movements of individual stocks.
Index Options
Whether you choose large or small investments, standard or mini contracts it is tailored to your specific requirements. With $0 commission, decreased contract fees, and no additional platform fees or account minimums, you will pay less. You can manage your whole portfolio, including stocks, ETFs, options, and index options, in a single Webull account.
Webull passes through proprietary index option fees on a per-contract basis, reflecting charges from certain exchanges.
Enjoy multi-platform accessibility on a secure, fast, and dependable trading platform with real-time market access and customizable features. Stay informed with free, real-time Cboe edgx exchange, and Cboe Global Indices Feed data. Improve your knowledge with free online courses from Webull Learning Centre.
Futures
Maximize your trading potential using Webull’s low-cost futures platform. Access a variety of contracts, including commodities, equities indices, and cryptocurrency, with advantages such as longer trading hours and more leverage.
Webull offers quality and value with extensive investment techniques and instructional materials.
Free CME market data popular contracts can have margins of as low as 7%.
Competitive commissions there are no hidden execution fees. Use screeners, investment analysis, and real-time news feeds.
| Futures |
| E-Mini Midcap Futures |
| ESE-Mini S&P 500 Futures |
| MESMicro S&P 500 Futures |
| NQE-Mini Nasdaq 100 Futures |
| MNQMicro Nasdaq 100 Futures |
| MESMicro S&P 500 Futures |
| NQE-Mini Nasdaq 100 Futures |
| MNQMicro Nasdaq 100 Futures |
EFTs
Streamline your ETF trading with Webull’s sophisticated tools, rich data, and independent research, which are available on all platforms. ETFs provide a low-cost option to diversify your portfolio while combining the liquidity of equities with the tailored exposure of mutual funds.
With Webull’s zero-commission platform, you may simply invest in certain sectors, industries, or nations, allowing you to mitigate risk and achieve your investing objectives. Webull’s zero-commission platform and user-friendly interface make it simple to manage your investments, backed up with professional fund ratings and detailed asset allocation information.
- Make investments in certain sectors, industries, or locations.
- Diversification means spreading your investments across multiple asset types.
- Choose from over 3,300 ETFs to customize your portfolio.
Over-the-counter OTC
Over-the-counter OTC trading refers to the purchase and sale of securities outside of established exchanges such as NASDAQ or NYSE. OTC marketplaces allow companies who cannot meet the listing requirements or afford the fees charged by major exchanges to trade their shares.
OTC Market Tiers
- OTCQX: A high listing standard for established worldwide and US corporations.
- OTCQB: it is for smaller, growing enterprises with moderate criteria.
- OTC Pink: This category includes companies in all phases of development, including those in bankruptcy or with poor disclosure rules.
OTC markets host a wide range of securities, including stocks, ADRs, and derivatives, providing opportunities for organizations of all sizes and stages.
Margin Trading
Margin trading allows you to borrow money from Webull to increase your purchasing power. By leveraging your existing holdings, you can buy more securities, amplifying potential gains based on the value of your assets in your brokerage account.
- Experience increased buying power and flexibility with a Webull margin trading account.
- Expand your investment opportunities and maximize returns by using borrowed funds.
- Be aware of the increased risks, including the potential for amplified losses.
| Webull Margin Balance | |
| $0~25,000.00 | 9.74% |
| $25,000.01~100,000.00 | 9.24% |
| $100,000.01~250,000.00 | 8.74% |
| $250.000.01~500,000.00 | 8.24% |
| $500,000.01~1,000,000.00 | 7.24% |
| $1,000,000.01~3,000,000.00 | 6.74% |
| >$3,000,000 | 5.74% |
Fractional shares
Invest with as little as $5.Fractional shares on Webull let you own a piece of your favorite stocks and ETFs for just $5. Even if a full share is expensive, you can still invest in top companies and funds. Choose an eligible U.S. stock or ETF, decide how much to invest, and you are set.
- Start investing with just $5, owning as little as 1/100,000 of a share.
- Enjoy commission-free trading with no account management or inactivity fees.
- Expand your portfolio by investing in a wide range of companies with fractional shares.
Comprehensive investment options
Within a single IRA, you can invest and trade stocks, ETFs, and options without incurring any commissions. With flexible IRA accounts, types choose between Roth, Rollover, and Traditional IRAs with no account minimums or fees.
- Traditional IRA contributes pre-tax dollars to earn tax-deferred growth on your investment.
- Roth IRA makes post-tax contributions and enjoys tax-free withdrawals in the future. Income limits may apply.
- Rollover IRA transfers your IRA from a previous job to your Webull IRA.
Fixed income: US treasury bonds
Secure your portfolio with the stability of US Treasury Bonds, starting at $1,000 per order.
Corporate and municipal bonds
Investment Grade Corporate Bonds and tax-exempt Municipal Bonds can help you diversify your portfolio.
Fractional Bonds
Soon, you will be able to invest in fractional bonds, with a minimum commitment of just $100, making bond investing more accessible and customizable.
Webull account types
Webull offers tailored account types to everyone from individuals to entities. You can open one of each account type, but you will need to use separate login IDs for each. For example, if you use your email address to log into your margin account, you will need to use a separate email or phone number to access your cash account.
Individual
Choose between Cash or Margin accounts. You can open one of each type.
IRA
Options include Roth, Managed Roth, Traditional, Managed Traditional, and Rollover IRAs, with up to five IRA accounts allowed simultaneously.
Futures
It is only for trading futures contracts.
Advisor
You can access robo-advisor accounts or thematic portfolios for automated, personalized investment strategies.
Entity
It is available for LLCs, C-Corps, and S-Corps.
Existing individual account holders must create a separate login to open an entity account. These accounts require a minimum initial deposit of $100,000 and must maintain an equity balance of at least $50,000.
Paper trading account
Webull offers a Paper Trading account with $100,000 in virtual funds, allowing users to trade stocks, ETFs, and options in a risk-free, simulated environment. This account mirrors the capabilities of a real-time market trading account and is accessible on desktop, tablet, and mobile devices.
It is ideal for beginners learning the market and experienced traders testing new strategies, offering real-time prices, integrated charts, technical indicators, and price alerts.
Trading and investment platforms
Webull’s powerful platforms allow you to trade, research, plan, and practice at any time and from any location.
Enhance your trading experience with additional features such as the TPO Indicator for time-price distribution and advanced futures trading tools such as customizable tick charts and Turbo Trader.
- Stay up to date with market developments by receiving audio alerts on price changes.
- Trade and invest in stocks, ETFs, options, OTC, futures, fixed income, money market funds, and other assets.
- Webull Mobile App allows you to manage your accounts and track markets while on the go.
- Webull Web Trade: Execute and manage transactions directly from your browser.
- Download now to try Webull’s strong and diverse trading and investing tools.
How can I deposit into my account?
You can deposit monies into your Webull account via
1. electronic Direct Debit Authorization (eDDA)
2. Fast and Secure Transfers (FAST)
3. Telegraphic Transfer (TT)
How do I withdraw funds from my account?
To withdraw money from your Webull account,
- Ensure that your bank account is linked for transfers.
- Withdrawals can only be made to your bank account; third-party accounts or payment systems are not accepted.
- You are liable for any associated expenses, such as currency conversion or bank charges.
- Withdrawal requests are processed Monday through Friday from 9 a.m. to 3 p.m., and normally take 1 to 3 business days to complete, depending on your bank.
Fees and commissions of Webull
Webull offers commission-free trading for stocks, ETFs, and options listed on U.S. exchanges. However, certain fees are associated with options contracts, regulatory charges, and specific transactions.
Webull passes these fees from regulatory agencies to clients without profiting from them.
| Type | Fees | Rule | Charged by |
| Options contract fee | $0.55 per contract for certain index options | Buys & Sells | Webull |
| Regulatory transaction fee | $0.0000278 Total $ Trade Amount Min $0.01 | Sells only | Securities and Exchange Commission (SEC) |
| FINRA trading activity fee | $0.00279 Number of Contracts Min $0.01 | Sells only | Financial Industry Regulatory Authority (FINRA) |
| Options regulatory fee | $0.02685 Number of Contracts | Buys & sells | Options Exchanges |
| Clearing fee | $0.02 Number of Contracts Max $55 per Trade | Buys & sells | Options Clearing Corporation (OCC) |
| Futures commission fee | $1.25 per contract Regular Futures | Buys & sells | Webull |
| Futures commission fee | $0.70 per contract Mini-Futures | Buys & sells | Webull |
| Futures commission fee | $0.25 per contract Micro Futures | Buys & sells | Webull |
| Margin interest rate | 9.74% – 5.74% based on debit balance | – | Webull |
| ACH reversal fee | $5 per reversal | ACH transactions | Apex clearing firm |
| Stock transfer fee | $75 per outgoing transfer | Transfer from Webull | Apex Clearing Firm |
| Paper statement fee | $5 per statement | – | Apex Clearing Firm |
| Wire transfer fees U.S | $8 per deposit, $25 per withdrawal | U.S. Bank Accounts | Apex Clearing Firm |
| Wire transfer fees International | $12.50 per deposit, $45 per withdrawal | Non-U.S. Bank Accounts | Apex Clearing Firm |
Regulatory transaction fee: Charged by the SEC to cover costs for supervising and regulating securities markets.
FINRA trading activity fee: it is evaluated on trading activity, with specific rates for sales of equity securities and options contracts.
ACH reversal fee: This applies if an ACH transfer is returned due to insufficient funds or other reasons.
Paper statement fees: Fees are charged for receiving paper statements, confirmations, or prospectuses.
Customer service
Webull provides customer help via the in-app Help Centre and email. You can also contact clientservices@webull-au.com for assistance. For inquiries, please contact: customerservices@webull.us or call 1-888-828-0618.
The general service line is available when the US and AU markets are opened.
Conclusion
Webull offers a compelling proposition for active investors seeking a commission-free trading platform with powerful tools and research resources. While forex trading is not available, Webull provides access to a wide range of stocks, ETFs, options, futures, and even fractional shares. With low-margin rates, paper-trading accounts, and various account types, Webull caters to both beginners and experienced investors. Sign up for an account today and experience a streamlined, feature-rich platform designed to help you meet your trading goals.”
Pro Tip
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