Webull Review – $0 Commissions on Your Investments
- What is Webull?
- How does Webull work?
- How much does Webull cost?
- Pros & cons
- The bottom line
What is Webull?
How does Webull work?
How much does Webull cost?
Powerful analytics tools
Webull offers a variety of free trades for your portfolio
Webull gives you access to full extended hours trading
Paper trading tools
Customer service whenever you need it
Who is Webull best for?
Data nerds and tech heads
Who shouldn’t use Webull?
Anyone without a United States address
Pros & cons
- $0 commissions. With $0 commissions, even if you only have $500 to get started investing, you know that you’re not going to wind up having a portion of that money get eaten up by trading fees or other commissions. This means that you ultimately get to keep more money in your nest egg.
- Easy to get started. Setting up an account is a breeze comparatively. Its user interface is modern and intuitive, which makes looking at a bunch of charts, stock symbols, and numbers much more palatable.
- Free stock. Webull incentivizes getting started investing with the fun perk of giving you free stock as well.
- Crypto. It’s also worth noting that the ability to buy and sell crypto with Forex data easily accessible for comparison gives younger investors a one-size-fits-all solution to buying traditional securities as well as digital currencies.
- Great analytics. The Webull dashboard has a lot of different color-coded features in green and red to make it easier to see when you might be selling at a profit or a loss, and overall is a very intuitive way to approach data that can often be off-putting or hard to grasp.
- Lack of vehicles. One drawback of investing with Webull is that for all of their variety and the ability to buy and sell crypto, there are still some kinds of securities that you aren’t able to invest in through the brokerage. For example, if you’re interested in investing in futures or global markets, you’ll need to find a different option than Webull. The same goes for anyone interested in diversifying their portfolio by buying bonds or mutual funds—or who wants to take a chance on penny stock.
Webull vs. Robinhood and TD Ameritrade
|Commission on Most Trades||$0||$0||$0|
|Mobile App for Trading||Yes||Yes||Yes|
|Desktop Platform for Trading||Yes||No||Yes|
Can you sell Webull’s free stock?
Is Webull secure?
Will I owe taxes on any stock I sell on Webull?
The bottom line
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