Webull Review 2022: Best for Begginers

Many platforms apply brokerage charges for trading stock, options, and crypto. Still, Webull was the first trusted brokerage platform with 0 commission fees on trading in stocks, ETFs, and listed options, and they do not charge a fee for transferring the stock.

Since it offers zero or low costs and various learning activities, it might consider an excellent brokerage platform.

That alone makes Webull worth checking out, but there are a few more reasons this broker might be worth your time and money. Here’s our review of Webull investing in all categories, like how this platform works for beginners and professional traders.

More ABout Webull:

Webull stands positioning itself to serve advanced and easy trading to active investors to a platform offering a wide range of services for free, such as free account open, no minimum balance required, Commission-free trading (ETF/Stocks), and options trading, and trade over multiple cryptocurrencies.

Webull Pros:

  • Trade in cryptocurrencies. Commission-free trading, including ETF, Stocks, and options trading.
  •  Fast and Zero account opening charge.
  • Paper trading is available.
  • Advance features and excellent user interface.

Webull Cons:

  • Fixed income, mutual funds, foreign exchange, or futures markets are not available.
  • No direct customer support
  • No direct chat support
  • Poor phone call support
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Get Up To 5 Free Stocks From Webull

Review of Webull trading fees?

Webull is a cost broker and offers commission-free trading in Stock, ETFs, and options, and they do not charge for account minimum. However, If you make a margin trade and hold the position overnight, you will be charged for margin interest. That means webull margin rates are also competitive. Securities and Exchange Commission (SEC) transaction fees, FINRA, and various exchange and regulatory fees are applicable. Webull costs are as follows:

Stock/ETF Trading:

ItemFee
Webull Commission0
Regulatory Transaction FeeSells only. 
$0.0000051 * Total $ Trade Amount
(Min $0.01)
FINRA Trading FeeSells only.
$0.000130 * Total Trade Volume
(Min $0.01 per trade – Max $6.49 per trade)
Stock/ETF Fee Table

Options Trading:

ItemCharged ByFees
CommissionsWebull$0
Contract FeesWebull$0
Regulatory Transaction FeeWebull as a pass-through transaction$0.0000051* Total $ Trade Amount
(Min $0.01)
(Sells Only)
Trading Activity FeeFinancial Industry Regulatory Authority (FINRA)$0.00218 * No. of Contracts
(Min $0.01)
(Sells Only)
Options Regulatory FeeOptions Exchanges$0.02915* No. of Contracts
(Buys & Sells)
Clearing FeeOptions Clearing Corp (OCC)$0.02 * No. of Contracts
(Max $55 per trade) 
(Buys & Sells)
Webull Options Trading Fees Table

Review of Webull Options trading?

If you’re a beginner, Webull options trading may seem overwhelming at first, but it’s easy to trade, or even you can understand it’s a market graph by key points if you know.

Options trading is a type of contract between buyer and seller. Options trading gives you access to buy or sell targeted security at a specific time, date, or price. Options trading can provide investors with more opportunities than the traditional equity buy or sell strategies.
Some brokerage firms still charge commissions for options trading, but Webull never charges for the trade you make.

How to add options to Webull account?

If you have a cash or margin account, you won’t be able to trade for options trade immediately. You have to complete the application process for trading options. You have to complete a few steps that help you approve your application within a day or two days. It’s quite a fast and straightforward process to this to your account.

What are Option trading hours in Webull?

You can trade during extended hours by placing limited orders and selecting “Include after hours.” Pre-market hours are 4:00 AM – 9:30 AM EST, and after-hours trading is 4:00 PM – 8:00 PM EST.

Note: Options involve risks and are unsuitable for everyone, especially if you’re a beginner. Options trading can be speculative in nature and carry a substantial risk of loss.

Review of Webull for Crypto Trading?

Webull is a brokerage that offers securities and cryptocurrency trading, among the other features. With one account, you can trade on stock or crypto. Also, there is no charge to open and maintain a crypto account, and crypto trading is available 24×7 with no minimum balance required to trade and no fees.

There are 37 cryptocurrencies available to trade, such as Bitcoin (BTCUSD), Bitcoin Cash (BCHUSD), Ethereum (ETHUSD), Litecoin (LTCUSD), Dogecoin (DOGEUSD), Zcash (ZECUSD), Stella Lumens (XLMUSD), Ethereum Classic (ETCUSD), Cardano (ADAUSD), Dash (DASHUSD), Shiba Inu (SHIBUSD), Basic Attention Token (BATUSD), Chainlink (LINKUSD), Uniswap Protocol Token (UNIUSD), Algorand (ALGOUSD), Polygon (MATICUSD), Sushi (SUSHIUSD), Avalanche (AVAXUSD), Terra (LUNAUSD), REN (RENUSD), Solana (SOLUSD), Cosmos (ATOMUSD), Decentraland (MANAUSD), Fantom (FTMUSD), and The Graph (GRTUSD), Curve DAO Token (CRVUSD), Loopring (LRCUSD), etc.

webull logo

Get $5 Worth of Crypto From Webull

Webull contact details

Webull Financial LLC is a US-based broker and dealer. Member of FINRA, NYSE, SIPC, and NASDAQ.
Headquarter at 44 wall street, NY city.
Email address: customerservices@webull.us
Phone no: +1 (888) 828-0618

FAQ’S

How much Webull charge if you purchase stock?

Webull is among the few brokerages that arent charged for purchasing stock, but from January 1, 2022, FINRA trading fees for each sale covered equity adjusted from $0.000119 per share (Fee up to $5.95 max per trade).

How much Webull charge if you transfer stock?

Webull does not charge for the incoming transfer. However, your delivery broker may charge for the outgoing transfer.
Transferring stock to Webull (incoming): $0
Webull does not charge for any incoming transfers. However, your delivering broker may charge you for an outgoing transfer. Please contact your delivering broker for details on fees. To avoid an ACAT fee for cash-only transactions, you may withdraw the funds and then redeposit them in your Webull account.
Transfer Stocks from Webull (Outgoing): $75
One of the critical points you want to know is Webull transfer fee. If you’re going to transfer all of your assets from webull to another brokerage, or a few assets, you’ll be charged a $75 transfer fee.

Bottom Line

Webull is the best broker among the best in terms of cost. Easy to use, good trading functionality, advanced market graph, technical analysis, market news, etc.

With six months of personal experience, webull gives me the best result than Robinhood because its Easy to use, has good trading functionality, has advanced market graphs, technical analysis, market news, etc.

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Brishabh Shukla

Brishabh likes to cover topics related to Microsoft, Windows 10, interesting gadgets, Streaming guides, Best tools, features, and more. But when he is not working, you can find him binge-watching random videos on YouTube. Reach out to him at brishabhshukla3@gmail.com

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