Webull is a web and mobile app-based brokerage firm that offers zero-commission stock and ETF trading. The company started as a research firm and ventured into the brokerage industry in 2017. Although WeBull is made primarily for intermediate and experienced traders, the platform can also be used by beginners.

Webull offers a suite of tools consisting of margin trading, financial calendars, technical indicators, options trading, research agency ratings, and more. Right now, Webull is the best alternative to Robinhood.

Interested in opening an account? Get 5 Free Stocks on Webull with ANY deposit: http://bit.ly/AskWeBull

Let's dive into a more detailed look into the platform to see how it stacks up against other brokerage platforms.

Is Webull Safe to Use?

Through the Securities Investor Protection Corporation (SIPC) insurance, Webull protects your securities up to $500,000 and $250,000 for cash. Webull is also a member of FINRA and is registered with the SEC. Additionally, the firm’s clearing firm Apex Clearing Corp purChased an extra insurance policy for securities and cash, up to an aggregate of $150 million.

Key Features of WeBull

• Zero-commission stock trading: 100% commission-free trading and zero minimum deposit requirements
• Mobile and web-based desktop: Easily place orders, consolidate watchlists, analyze data, and monitor your stock positions across Webull’s mobile, PC and web platforms.
• Stock trading simulator: The stock trading simulator lets you place trades with monopoly money just as you would with real money. Try out trading strategies without fear and learn how to use the platform.
• Access to in-depth stock market research: Webull’s research offers excellent filtering capabilities, valuable information, and ease of usage. The mobile app hosts the research on 4 pages – markets, news, individual stock page, and a screeners page.

• Full extended hour trading: Place trades pre-market - 4:00 am to 9:30 am EST or after-market - 4:00 pm to 8:00 pm EST with a limit order.
• Other competing platforms offer to trade during the traditional market hours from 9:30 a.m. to 4:00 p.m. EST from Monday to Friday. Most platforms will also charge you an extra fee to trade outside these hours.
• Options trading

Who Should Consider Using WeBull

You should consider using Webull if you’re an intermediate to experienced investor or active trader looking to save money on commissions.

Webull’s intuitive features and design could be considered advanced for novice traders, but the platform provides a suite of tools for them to learn the ropes.

People looking for an alternative to Robinhood that supports options and cryptocurrency trading should consider switching to Webull.

With the trading simulator and trading courses, rookie investors can also benefit from Webull to build their competencies and create their trading plan.

Who Should NOT Use WeBull

Full-time day traders who need direct market access to push their trading edge should not use WeBull. Their need for speed trumps the savings they may make on commissions with Webull.

People looking for mutual funds and OTC stocks should also look elsewhere since the platform does not offer those options.

Are There Any Hidden Commissions and Fees?

Although trading on Webull is free, you’re still responsible for paying SEC and FINRA fees, which are standard with all brokerages.

However, these fees are negligible - $23.10 for every 1 million dollars of trading volume for SEC and $0.000119 per share for FINRA.

WeBull offers real-time market data on US markets free of charge, but if you want to extend your reach and trade further internationally, you can access data on global markets for a fee.

Other fees are those associated with transferring stocks and funds. There's a $75 fee for outgoing stock transfers, and you may also be charged for wire transfers to fund your account after the initial free wire transfer. All other forms of transfer like ACH and electronic transfers, are free.

Other Details and Features

Webull offers free real-time market data, zero-commissions trading, analysis tools, and news.

If you’re just getting started investing, Webull gives you a chance to learn with the the stock trading simulator via a paper trading account. You can place mock trades without risking real money.

Other features that can be found on the platform include technical indicators such as:

• Exponential moving averages
• Money Flow Index
• Bollinger Bands
• Moving Average Convergence/Divergence (MACD)
• Relative Strength Index (RSI)

Investment research tools:

• News
• Watchlist and alerts
• Press releases
• Analyst recommendations
• Historical EPS
• Insider holdings and transactions
• Revenue data
• Insider holdings and transactions
• Financial calendars
• Stock screeners

Pros of Webull

• Zero-commission trading in diversified stocks and ETFs
• Margin trading without a subscription
• Options  trading
• No fees for account maintenance, and account opening
• Leverage of 4:1 on same day margin trades and 2:1 on trades held overnight
• Technical and fundamental analysis tools with an intuitive platform
• Free extended-hours trading
• Stock trading simulator
• Additional protection with Apex Clearing insurance coverage
• Available on mobile and desktop applications
• Customer service with 24/7 chat support.

Cons of Webull

• Steep learning curve for complete beginners
• The product portfolio is limited to US stocks and ETFs
• You can only use bank transfer for deposit or withdrawl

Conclusion

If you're just getting started trading stocks, Webull is the ideal platform to test the waters with their stock trading simulator. Once you get comfortable with the platform, you can easily transition into real zero-commission trading.

Right now, Webull has a competitive edge for intermediate and experienced traders over other stock brokerages with free extended-hours stock trading, ETFs, and ADRs.

If you’re someone that wants access other investments such as mutual funds and OTC stocks, Webull is not for you.

Interested in opening an account? Get 5 Free Stocks on Webull with ANY deposit: http://bit.ly/AskWeBull

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