Webull Financial Trading App Review

Webull Financial Trading  App Logo
Webull Financial Trading App Logo

Welcome to the world of Webull! The most recent COMMISSION FREE  mobile trading app competing with Robinhood.

If Robinhood was a disruptor in the industry, Webull is taking it to the next level.

In this article, with 5 min of your time, you’ll get to know what Webull Financial is, whether it’s a scam, it’s pros and cons, and whether you should choose this app over other similar apps such as Robinhood or M1 Finance.

What Is Webull App?

Webull is a relatively new $0 trading fee app that currently competes fiercely against popular commission free trading app Robinhood. 

While it aims to stand along side other trading apps, Webull differentiates itself by offering superior up-to-date data, news, and analysis tools, thus targeting traders and investors with more experience.

That being said, the $0 trading fee and $0 minimum fund to open an account (at the time of this writing), make it an incredibly attractive platform for beginning investors and intermediate investors alike.


Within Webull you will find market data for:

  • Over 90 countries
  • 106 exchanges and trading products, including stocks, bonds, forex, cryptocurrencies, and many more
  • Professional analytics and charting tools
  • 22 unique technical indicators


While it has been purported that Webull is designed for “super wealthy clients” we find that this is not necessarily true as its low or non-existent fees make it a platform of choice for regular investors.

Is Webull A Scam

After Bitconnect’s monumental failure last year, we should all be careful with the advent of new technology that make it seem too easy to start trading and making money online.

Let’s take a pause before pouring all our hard-earned money into a new online trading app. Is this too good to be true? Could Webull be another scam like Bitconnect, or is it a legimate entity? 

Contrary to Bitconnect, Webull Financial LLC is a broker dealer that is actually registered with the SEC (Securities and Exchange Commission) and with FINRA (Financail Industry Regulatory Authority), and whose headquarters are located in New York, USA.

In other words, Webull is a fully licensed and regulated trading platform in the United States. Whether you’ll be able to grow your investments and make money trading will depend on the fluctuation of the market and on your skills as a trader/investor.

How To Create An Account with Webull

Step 1: Go to Webull’s website and create an account. The process is extremely easy. Click on the link above to get taken to the page.

After you put in your email address or phone number you’ll be sent a verification code. Make sure to input that code to finish this step.

Step 2: Once you’ve created the account, you’ll be given a link to download the app. Download it. At the time of this writing Webull can only be used through it’s app.

Step 3: Complete your account. You’ll be asked for an ID picture and some personal information to verify your identity (including your social security number). You have to be a US citizen or resident to create an account.

You can choose between a cash account or a margin account. We set up our account with a cash account.

Step 4: Wait for a few days for them to verify your information. We always find this verification process be the most frustrating anytime we create a new trading account.

Step 5: Now it’s time to get your free stock! At the time of this writing Webull welcomes you with a free stock of up to $1000 randomly chosen amongst their portfolio. Click on the Menu icon at the top left and scroll down, you will find a tab lieterrally named “My Free Stock.”There’s nothing better than a free stock!

Step 6: You can also get more free stocks through Webull by referring the app to your friends. Take advantage of this option, it’s literally free money.

Webull app free stock download now

While you wait for your account to be verified and authorized, Webull still allows you to have access to basically all the market data, watch lists, tools, an even the simulation! So you don’t have to wait in despair but you can start looking at the data you want and start setting up your watchlists.

Using The Webull App

Using the Webull app is pretty straightforward. You’ll have 4 tabs at the bottom of the screen that show you information related to the tab:

  • Watchlists
  • Markets
  • Open Account
  • Streams (News Articles)
  • Explore

The menu icon at the top right is like a “settings icon” for that page. You can set the information you want to see displayed on this page with more accuracy.

Let’s say you go on the Markets tab and you find a ticker that looks interesting, next simply click on it. This will take you to a page that will show you more information about that particular stock, including but not limited to charts, key statistics, capital flow,… Here you will also be able to set automated alerts.

Finally, at the top left you have another menu icon. It’s like a “home” icon that displays a number of other navigation tabs, most of witch are related to your particular use of the app:

  • Messages
  • Advanced Quotes (These are not free)
  • Saved Articles
  • Simulation Holdings (if you want to practice trading with no money)
  • Alerts
  • Import Watchlists
  • My Free Stock
  • Help Center
  • Our Apps

Fees on Webull

Webull itself does not charge a fee to make trades through it’s app, but it’s important to remember that other entities such as the SEC and FINRA do require fees. I recommend checking with Webull as these might change. Find more about Webull’s commisions and fees.

Margin Fees on Webull

Buying on a margin, however, will require to open a margin account and Webull will charge a fee for those trades. The current fees fall between 3.99% and 6.99%.

I would NOT recommend opening a margin account if you are just getting started with investing/trading, or if it is the first time you hear that term. You can find more information on Margin trading.

Advanced Quotes

Some of the options here will also require a fee or monthly subscriptions.

Investments not offered by Webull:

While offering a very solid set of investments and trading markets and tools, unfortunately you will not be able to invest in the following:

  • Mutual funds
  • Bonds
  • Retirement accounts
  • Options
  • OTC

Virtual Trading With Webull

Virtual trading is another excellent advantage of the Webull app over other competitors, including Robinhood. Being able to do simulations trading with no real money involved makes this app in and of itself, well worth downloading! 

This is just another reason why we believe that Webull is a really great tool for both beginning and seasoned investors.

 Testing your investment strategies through simulations is a crucial and fundamental step to every successful investors. You should always test your strategies before risking actual money and Webull let’s you do just that.

And if that’s not enough, Webull app also provides you with additional information and recommendations to help you make the best decisions possible.

Webull is a great learning platform to get yourself started with investing, learning how to read charts, testing your strategies, receiving expert recommendations, all for free and without you risking any real money.

Pros and Cons of Webull

Let’s take a quick look at the pros and cons of Webull.


  • Great app for any level investor
  • Lots of market data and tools
  • Free stock offers (this might be discontinued in the future)
  • Best for swing trading and long term investing
  • Very easy to set up and get started
  • Zero commission trading
  • Great learning platform for virtual trading and simmulations


    Newer than many trading apps

  • Does not offer all types of investments

Final Words: Should You Sign Up for Webull

You should always feel in control of any financial decision you make and do your due diligence prior to investing or creating any new account. That being said, we really liked this app and we will keep on using it for a good portion of our trading/investing, particularly when on the go.

Are you pondering whether you should open a new account with Webull or with Robinhood? Why limit yourself?

I personally opened an account with Webull because I was really curious about the strength of this app and a free stock is basically free money! 

If both Webull and Robinhood (or any other app for that matter), offer a free stock for signing up, why not take advantage of both those offers and get free stocks from both companies?

*At the time of this writing, should you follow the links in this article to open a new account with Webull or Robinhood, we will both earn a free stock. This offer might not be permanent and is solely dependent on Webull Financial and/or Robinhood.

** Also, always due your due diligence with your money and consult a licensed financial professional in your state or country before making any financial decision. The content here is taken from my own personal experience and opinion. It is for informational/entertainment purposes only.

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