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Bottom line: Webull Brokerage is best for active traders in search of commission-free investments, expert market data, extended hours trading, and cryptocurrency trading. The app could also be a good fit for beginning active investors and options traders due to its easy-to-navigate platform. You’ll want to look elsewhere, though, if you’re interested in mutual funds, joint accounts, and automated accounts.

Overall rating

Feature
Insider rating (out of 5)

Fees
5.00

Investment selection
4.00

Access
4.40

Ethics
3.00

Customer support
4.75

Overall score
4.24

Is Webull right for you?

Webull – Product Name Only is an online discount brokerage offering commission-free trading, retirement accounts, cryptocurrency trading, and margin trading. The company also offers several other key features, including free real-time market quotes, full extended hours trading, and 24/7 online customer support.

However, one downside about the brokerage is that it doesn’t offer any automated investing accounts, nor does it support IRAs outside of traditional IRAs and Roth IRAs. 

You can use the Webull mobile app on iOS and Android devices.

Webull vs. Interactive Brokers

Min. Investment

$0 ($2,000 for margin trading)

Min. Investment

$0 ($100 to $50,000 for automated advice)

Fees

0% ($0 for options contracts; 1% spread for cryptocurrencies)

Fees

$0 for IBKR Lite ($0.65 for option contracts); $0.0005 – $0.0035 per share (IBKR Pro); 0.08% to 1.5% for automated advice

Investment choices

Stocks, ETFs, options, ADRs, and cryptocurrencies

Investment choices

Stocks, options, futures, currencies, metals, bonds, ETFs, mutual funds, hedge funds

Webull – CTA Text
Interactive Brokers – CTA Text

Webull and Interactive Brokers both offer commission-free trading for investments like stocks and ETFs.

However, Interactive Brokers could be a suitable fit for more types of investors. It offers self-directed brokerage accounts, automated investing accounts, IRAs, and other wealth-building products. 

Webull is a better choice for options traders, as it charges $0 per options contract.

Webull vs. Robinhood

Min. Investment

$0 ($2,000 for margin trading)

Min. Investment

$0 ($2,000 for margin trading)

Fees

0% ($0 for options contracts; 1% spread for cryptocurrencies)

Fees

0% ($0 for option contracts)

Investment choices

Stocks, ETFs, options, ADRs, and cryptocurrencies

Investment choices

Stocks, ETFs, options, ADRs, and cryptocurrencies

Webull – CTA Text
Robinhood – CTA Text

Webull and Robinhood are good choices for beginner active traders in search of low-cost brokerage products and simple user interfaces. But Robinhood is a better …read more

Source:: Business Insider

      

Webull Investing Review

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