WeBull Rating:   Webull Rating

2019 review of WeBull investing: brokerage fees and commissions, pros and cons, minimum requirements and promotion offer for opening a new online account or IRA with the discount stock broker.

WeBull Overview

The latest brokerage platform to feature free trading, WeBull has an app for both Android and iOS. Along with free trades, WeBull has no transaction fees and offers users easy access to 4x margin trading. It also has tons of built-in analysis and research so users can research and trade all in one place. WeBull’s primary competition in this market are Firstrade and M1 Finance and, while these two enjoy a significant majority of the market share, WeBull bests its rivals in certain Categories.


Is WeBull Insured?

WeBull is an SIPC insured broker and offers coverage up to $500,000. Additionally, WeBull has insurance through their clearinghouse, Apex, that provides even more coverage, so users can rest easy knowing their money is insured and safe.


WeBull Commissions

InvestmentsCommissions
Stocks and ETFs $0
Foreign Securities not available
Options not available
Mutual funds not available
Treasury Bills, Notes, Municipal and Agency Bonds, Zeros & Strips not available


WeBull Account Minimum and Promotion



WeBull Review: Technical Analysis


Research: Tools and Analysis

This is one area that WeBull scores very highly on. The TA tools for analyzing equities are extensive and they have a great selection of indicators and charting options built right into the app. Traders can open up the advanced chart of any stock and draw trendlines, overlay comparisons, and utilize an array of secondary charts so all of your information is conveniently in one window. Robinhood only has the most spartan of technical analysis tools, users can’t even use Japanese candlestick charts, so WeBull scores an easy W in this category.


WeBull Review: Charting


Investors can also access tons of information for fundamental analysis, including all the major corporate earnings reports, conference calls, balance sheets, and more. There’s also a stream section which has links to live videos of all the latest market news stories. It’s really a wealth of information that stands right in there with Yahoo! Finance and other financial research applications.


WeBull Ratings


It doesn’t stop there, the news page offers tons of great information to help users find investment opportunities. There are special sections devoted to the day’s biggest gainers/losers, highest volume trades, IPOs and upcoming earnings, and more. Results can even be filtered to include international stock exchanges, like Canada and Japan, and you can create your own stock screeners to find opportunities to fit your trading strategy. These are great tools for finding profitable trades, use them to find opportunities and time your entry and exit points.


WeBull Paper Trading

WeBull also offers a fully integrated paper trading functionality. It’s great for investors who want to troubleshoot their trading strategy, practice timing their entry points, or otherwise trade for educational purposes. Users can even use it to see how financial decisions can potentially impact their portfolio. This tool is highly helpful and it’s not just for beginners. Investors at any level can utilize paper trading to become smarter, more profitable traders, and WeBull scores big by integrating this educational feature into the app.


Trading Tools

WeBull Stock Trading


Orders available at WeBull:

  • Stop
  • Stop Limit
  • Market
  • Limit
  • OCO, OTO, OTOCO

Both mobile app and desktop platforms have real-time quotes, in-depth charts, analyst rating and the full financial calendar. Full extended hours trading is provided for free from 4:00 AM to 8:00 PM (EST).


Webull Trading Platform


Account Management

WeBull Account


WeBull app is separated into five different tabs: watchlists, markets, trade, streams, and explore. The trade tab is the window into the user’s portfolio, account balance, and current positions. Current balance is displayed at the top along with an unrealized profit/loss figure. Listed below balance is the account portfolio, which shows all of the user’s equity positions, including the individual profit/loss for each equity. It’s a very efficient layout and gives you an immediate overview of your entire portfolio.

One of the only problems with this layout is the absence of a daily profit/loss category. While there is an overall profit/loss section for your account and positions, there is no category that breaks this number down into a 24 hour period. It can lead to some confusion as to just how well a trade is doing. Often times, a user can see green profits and think all is well while not noticing that profits have dropped from 9% to 6%. It takes extra effort to make note of the exact price changes and profit percentages to monitor your positions effectively, and this detracts from the convenience that an all-in-one splash screen is supposed to provide.

In combination with the lack of a take profit order and stop loss orders expiring at the end of every training day, it can be very time consuming to monitor a lot of positions.


Transfers

It’s very easy to start trading with WeBull. Using the app, you can transfer funds via an ACH fund or a wire transfer. Deposited funds are available almost immediately as buying power, but won’t actually show on your balance for a few business days. However, even though the transfer won’t be reflected in the account balance, users can use the buying power to trade right away, so it’s effectively the same as having the funds immediately available.

As per SEC regulations, trades take three days to settle, so investors have to wait three days after a transaction, until the trade settles, before withdrawing any profits.


Access

WeBull app is available through Android or iOS. There is also web-based, PC, or Mac OS trading platform.


Streams

WeBull News


WeBull’s stream tab offers a huge selection of financial news stories and videos. The news comes from reputable sources like Reuters, Cryptovest, and thestreet.com, to name a few. It’s a great way to quickly peruse the days business news for stories that are relevant to your investments. There is even a section that includes videos, so investors can get their news in whatever format they prefer.

Furthermore, users can customize their channels by selecting the categories they want to see within the stream tab. For example, channels can be filtered to include only news relating to U.S. markets. This feature contributes even more to an already impressive selection of available data and research tools from WeBull.


Promotion

Get 2 FREE stocks between $3 and $300 when you open account at WeBull.


Customer Service

Most discount brokers score poorly in this category. However, most investors understand in advance that they aren’t going to receive concierge-level services when they sign up. That being said, users expect basic customer service from even the most budget brokers.

WeBull even has a customer service phone number, an amenity notably lacking from their biggest competitor, Robinhood. Having the ability to call a phone number and quickly resolve an issue is a huge plus and makes interacting with WeBull much quicker and more efficient. Customer service is usually very personable and responds promptly to both phone and email inquiries. For a discount broker with zero-commission trades, WeBull’s customer service has good availability and resolves problems quickly.


WeBull Review Recap

WeBull has a wealth of information, news, research tools, and data that can stand against almost any trading or investing app. There are so many different ways to discover investment opportunities and trends that it can be almost overwhelming at times. For a beginner investor, all this data can be intimidating and can, at worst, cause immobilizing analysis paralysis, but for those with better background knowledge that can cut throw the fluff and truly utilize the tools, it’s an amazing array of information. In terms of research tools and available information, WeBull is a standout in the category and offers some of the most comprehensive analysis available in the mobile app market.

Best of all, all of this is available to users completely free. WeBull makes money on optional services, such as margin loans and on uninvested cash.


WeBull Promotion For A New Account

Get 2 FREE stocks between $3 and $300 when you open account at WeBull.

Open WeBull Account


WeBull reviewed by TopRatedFirms.com Rating: 4