2022: How to enter limit or stop loss orders on WeBull for stocks and ETFs? How much broker is charging for buy and sell stop loss and limit orders?

Limit and Stop-Loss Orders at Webull and How to Use Them

Webull has a great desktop platform and mobile app, and each one offers stop-loss and limit orders. These order types can be used on both sides of a trade (buy and sell). Just follow the instructions below and you’ll be able to use these orders like a pro.

What is a Limit Order?

A limit order is an order to sell a security at or above a certain price, or to buy it at or below a certain price. For example, a limit order to sell TSLA at $1,500.00 would execute only if the stock price hit $1,500.00 or higher. It would not execute at $1,499.99. So the limit order guarantees a certain price.

What is a Stop-Loss Order?

A stop-loss order, as the name suggests, prevents further losses on a stock. For example, if AMZN is trading at $3,000 and you don’t want to lose more than $500 per share, you could set a stop-loss order of $2,500. If the stock dropped that far, it would automatically trigger a sell order. This would take you out of the trade, preventing a deeper loss. Stop-loss orders can also be set for short positions. In this situation, you would use a buy-stop order instead of a sell stop.

Limit and Stop Loss Orders Commission

Webull does not charge commissions on any trades including limit orders and stop losses.

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Placing Limit and Stop-Loss Orders on Webull’s Desktop Platform

To place a limit or stop-loss order on the desktop system, you’ll first need to download and install the software. Alternatively, you can use the platform within a browser straight from Webull’s website.

In either browser or desktop version, you can practice placing orders in paper-trading mode. Just click on the bottom icon with a dollar sign ($) in the left-hand menu. This will put you in simulated mode. Stop-loss orders are only available in live mode.

Once you’re in demo mode, you’ll see an order ticket with both sell and buy buttons. So click on buy or sell, and then choose LIMIT from the drop-down menu labeled Order Type.

Next, you’ll want to set the limit price. Remember that for a buy order, the limit is the maximum value; for a sell order, the limit is the minimum price.


Webull Limit Buy Order


After you have plenty of experience under your belt and you’re ready to place a live trade with real money, you need to exit simulated-trading mode. To do this, just click on any other icon in the left-hand menu.

The best way to bring up the live trade ticket is to go to a security’s graph and right click on it. In the pop-up menu that appears, you’ll get the regular order ticket.

On the live ticket, Webull automatically includes two options for take-profit and stop-loss orders. Adding these two to an entry order creates a bracket order.

The take-profit is another limit order. This locks in a profit. And the stop-loss prevents losses beyond a set price, which is the stop price. When entering your initial limit order, you can decide the maximum amount you’re willing to lose and enter the stop-loss order at the start.


Webull Stop Loss Order


Remember that if you’re short selling, the stop price will be above the sell price. If you enter with a long position, the stop price will be below the entry price.


Webull App Limit Buy Order


Placing Limit and Stop-Loss Orders on Webull’s Mobile App

The process for placing limit and stop-loss orders is very similar. The app offers both simulated trading and live trading. At the bottom of a stock’s profile, you’ll see a Trade button. This will bring up the order ticket, which is the same as the desktop’s ticket.

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