Webull Financial – Trade stocks for zero commissions!
Today’s article is a comprehensive Webull review.
If you are a regular reader here at Dividends Diversify, you know I am a big fan of investing. Among my favorite investments are dividend stocks and exchange-traded funds (ETFs).
Disclosure: At no cost to you, I may get commissions for purchases made through links in this post.
But today’s article is about Webull Financial, LLC and how they can help you start investing. So, I will walk through a Webull review of their investment app.
Before you go any further, don’t delay. Because for a limited time, Webull is offering up free stocks. To encourage anyone interested in getting started with a Webull account.
Following this link to start investing with Webull.
But now, let’s take a step back. How exactly does an investor buy stocks? And what does Webull offer?
Trading Stock
Investors most commonly buy and trade stocks through stockbrokers. The investor decides whether to go through an online brokerage firm or through a face-to-face broker.
But let’s be realistic here. In this day and age, most trades by individual investors are made online.
Webull Review
Webull Financial offers a free online stock trading platform.
Please note that this Webull review is a sponsored article. All information is based on my personal research. And, all opinions are my own.
See the Dividends Diversify disclosure statement for additional information.
And before finish this Webull review, I will tell you how to get free stock just by signing up and funding your account today.
What Is Webull?
Webull Financial LLC is a registered securities broker-dealer with the United States Securities and Exchange Commission (SEC).
They are also a member of the Financial Industry Regulatory Authority (FINRA) as well as the Securities Investor Protection Corporation (SIPC).
These registrations and memberships are common within the brokerage industry.
What Does Webull Offer?
Webull offers zero commission, self-directed, retail brokerage and market data app.
The compnay is also offering free stock to anyone who opens and funds a new account. So, open an account and fund it with any amount of money. Then, receive a free stock worth between $12 and $1,400.
Their app has powerful tools to help the investor make the best investment decisions possible.
It allows you to trade stocks and ETFs with no account fees or commissions on your trades. In addition, the app comes with free-market research and stock data.
And, full extended hours trading to Webull customers is available. Specifically, free pre-market and after-hours trading from 4:00 AM to 8:00 PM (EST).
The app stands out among its competitors. Why? Because of its sophisticated information platform and comprehensive trading data. Robinhood is one such competitor that Webull is frequently compared to.
But, the Webull app provides users with market data and quality tools that other platforms normally charge fees to access. We will cover all of this and more in our Webull review today.
What Investments Can I Trade On The Webull App?
Trading on more than 5,000 U.S. stocks and ETFs in the United States is currently offered.
What Investments Are NOT Yet Available On The App?
Trading in the following investments is not currently supported:
- Stock options (now available-see my review of version 6.0 )
- Over-the-counter stocks
- Mutual funds
- Bonds
- Foreign currencies
- Cryptocurrencies (now available)
What Are Some Of The More Advanced Features On The Webull App?
Let’s cover some of the features one at a time in our Webull review.
Ease Of Use
The Webull app features:
- Real-time quotes
- Super-fast speed and page loading
Market Research
The app includes US and global market research. This provides you, the investor, with a better understanding of market trends more quickly.
Some of the market data offered includes:
- Market indices
- Recent IPOs
- Earnings releases
- High performing ETFs
- Dynamically updated advance and decline distribution of stocks
Stock Screening
The app allows the user to compile multiple stock watch lists. You can screen for a pool of stocks to monitor based on your personal investment objectives.
Your stock screening can include criteria such as:
- Market quotes
- Financial performance
- Technical indicators
- Biggest stock price movers
These are just a few of the ready-made options you can choose from.
Stock Research
Now you have one or more stock watch lists compiled. And, I think every good investor should have a watch list. It is important for taking advantage of the opportunities the market presents.
Now you can save time because there is no need to go elsewhere to research the companies on your watch list. You can do that research right in the app accessing a wide range of big data.
And, the app can serve your needs whether you prefer fundamental research or technical data analysis. Let’s review these aspects of the Webull app now.
Fundamental Research
Here are some examples of the stock and company information that is accessible without ever leaving the Webull app:
- Capital flows
- Earnings per share
- Analyst ratings
- Short interest
- Positions held by institutions
- Insider holdings
- Press releases
Technical Research
For those who prefer technical analysis, the app has several different types of advanced charts. Some of these chart types include:
- Line
- Candlesticks
- Average K-line
- Area
- Moving average
- Bollinger bands
- Trading volume
Smart Alerts
Also included are smart alerts. It is another excellent feature. Smart alerts will keep you from missing the investment and market opportunities you have researched and identified.
Examples of information that automated smart alerts can highlight for you are:
- Stock price changes
- Fluctuations in trading volume
- Releases of financial information
Order Types
When it’s time to make a trade, it is up to you to execute it.
And, a wide variety of order types are available to help you execute that trade exactly when and how you want.
Order types include:
- Market
- Limit
- Stop loss
- Take profit
- One cancels the other (OCO)
- One triggers the other (OTO)
- One triggers one cancels the other (OTOCO)
How Much Does Using The Webull App Cost?
Our Webull review would not be complete without addressing investment costs.
There are no fees to open and maintain an account. And, commissions are not charged for U.S. stock and ETF trades.
However, there are some services they charge for.
On trades, the SEC and FINRA charge fees. They are very small. But you will pay these fees regardless of what broker you use.
These fees are passed directly to the regulatory agencies. Therefore, Webull does not receive any of the money.
In addition, for more sophisticated traders and transactions, Webull does charge fees. These fee-based services include:
- Trading on margin
- Shorting stocks
- Wire transfers
- Transfer out of your securities to another broker
Is My Money Safe With Webull?
The short answer here is yes. Your money is safe.
Webull has similar protections for your account as other brokerage firms. As a member of the SIPC, customer securities are insured up to $500,000 including $250,000 of cash.
In addition, Webull’s stock clearing firm is Apex Clearing. And Apex has purchased an additional insurance policy to protect customer accounts. This policy insures $37.5 million in customer securities including $900,000 of cash.
It is important to understand that the insurance coverage does not protect against a loss in your stock’s market value.
That is why it is important to do your own research. And make informed investment decisions that are consistent with your risk tolerance.
Is the Webull Platform Secure?
Webull uses state-of-the-art security measures when handling customer information.
Your personal information is fully encrypted. And Webull will never share your information with anyone.
What If I Need Customer Support From Webull?
Customer support is available around-the-clock and provided by a live help team.
You can access the help team live through the app. Or, get help by sending an email.
Let’s Summarize Our Webull Review Thus Far
Webull Financial LLC is a fully compliant registered securities broker-dealer with the United States Securities and Exchange Commission (SEC). They are registered members of FINRA and SIPC.
The company provides a free online stock and ETF trading platform. Its features include:
- Real-time quotes
- In-depth charts
- Analyst ratings
- Full extended hours trading
- Zero cost trade commissions
- Zero platform fees
- Advanced order capabilities
- 24/7 live support
Is Webull Right For You?
I think Webull has a lot to offer both new investors and experienced investors.
New Investors
Are you a new investor seeking to buy your first few stocks or ETFs? Then Webull is a sound option.
You can open an account online in minutes. And make your trades for free.
As you learn more about investing, research and mature as an investor; Webull’s more sophisticated and advanced features are there for you.
It is unlikely, you will outgrow the platform’s information capabilities.
Experienced Investors
Experienced investors too can find a lot to like with the Webull app.
It’s been 45 years since I purchased my first stock. So I consider myself an experienced investor. And my personal investment strategy focuses on fundamental research of dividend-paying stocks.
As I reviewed the data offerings in the Webull app, I felt they more than met my needs. And that they would meet the needs of other experienced investors. Even if you have different investing strategies from mine.
And I really like having all the information about my stocks in one place. Rather than hunting it down across a variety of online sources.
Although I’m not a technical analyst, I feel the charting capabilities and trading tools are quite robust.
Diversified Investors Seeking To Consolidate Platforms
On the other hand, Webull may not be the right choice, if you:
- Invest in a more diverse portfolio of investments like bonds and mutual funds, AND
- Want all of your investments consolidated with one broker
How To Get Your Free Stock
As I mentioned at the start of our, Webull review article, the company is offering free stock.
Open a Webull account today. Deposit an amount of money of your choosing into your new Webull account. Receive 1 free stock valued between $12 and $1,400.
You are not obligated to hold the free stocks once you receive them in your account. Sell them using the free trading capabilities and pocket the cash if you choose. It’s like free money.
Open your new account today and receive your first free stock by clicking the “start investing” button right here:
If you enjoyed this Webull review article, you might like:
- An epic list of investment ideas
- Building your investments through a 3 fund ETF portfolio
- New features in Webull version 6.0
- How to identify the best investments
Author Bio, Disclosure, & Disclaimer: Please join me (Tom) as I try to achieve my goals, find my next place to live, and make the most of my money. However, I am not a licensed investment adviser, financial counselor, real estate agent, or tax professional. Instead, I’m a 50-something-year-old, early retired CPA, finance professional, and business school teacher with 40+ years of DIY dividend investing experience. I’m here only to share my thoughts about essential topics for success. As a result, nothing published on this site should be considered individual investment, financial, tax, or real estate advice. This site’s only purpose is general information & entertainment. Thus, neither I nor Dividends Diversify can be held liable for losses suffered by any party because of the information published on this website. Finally, all written content is the property of Dividends Diversify LLC. Unauthorized publication elsewhere is strictly prohibited.
It sounds like a great platform. I’ve been using Robinhood for years and it’s worked out great. I wonder how other brokers that charge commissions will adjust to this influx of commission-free online brokers.
Good question. For anyone getting started, I’m not sure why they would go with anything other than a free brokerage account. This means those charging for trades will have to provide value-added services of some kind to differentiate themselves. Tom
Looks like a great platform!
Yes. I think so too. Tom
Hi Tom,
Sounds great. I’ve been considering a Webull account for some individual stocks I like but don’t want to buy in bigger volumes. I want a secondary account to take risks and buy what I want.
Cheers,
Miguel
Sounds like a good plan Miguel. I think many investors set aside a separate high-risk trading account like you are thinking about. Tom
Does Webull sell its order flow to high frequency traders like Robinhood does? I left Robinhood when i realized i never got the best price.
Hi Gerald, Thanks for the question. I have to admit that off the top of my head I do not know the answer. It would be a good question for their customer support team before signing up since it is a legitimate concern that you have. Tom
I am new to the idea of stocks and investing. So if I open a Webull account do I need to open a account with Vanguard also.
Hi Phyliss. You can buy Vanguard exchange-traded funds (ETFs) with a Webull account. There is no need to open an account directly with Vanguard. Tom
I have been told that some of these online investing platforms are slow in getting your tax forms to you by February 15th. Does Webull get needed forms to their customers in a timely fashion?
Thank you
Hi Dennis. Yes. This has become more of an issue in recent years across the brokerage industry. Most say they will have tax reporting ready by late February, then beat that deadline. That said, I’m not aware of any specific issues related to Webull. Tom