Webull Review: Should you Consider Webull in 2023?

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Curious about Webull? Finding the right online broker is a big decision. Experienced investors often have a tougher time finding a platform. Experienced investors have stricter requirements and needs because they know what they want. Discover if Webull is for you in this Webull review. When you do find what you want, chances are it costs an arm and a leg to trade because the commissions are so high or they don’t offer enough features. Webull realized each of these shortcomings and created a platform for experienced investors just like you. Advanced investors can actively trade and for no commissions. In this Webull review, we’ll cover how Webull works, what it costs, and the features it offers experienced investors like yourself.

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What Is Webull?

Webull is a commission-free online/mobile broker that doesn’t require a minimum balance. The only time you’d need a minimum balance of $2,000 is if you want a margin account as that’s the industry regulations. Investors may trade stocks, options, ETFs, and ADRs. Webull offers both individual taxable accounts and IRAs (traditional and Roth).

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Webull isn’t your typical Robo-advisor in the sense that you build your own portfolio. Typically, Robo-advisors take your risk tolerance and goal timeline to create the perfect portfolio, but Webull puts you in the driver’s seat, letting you choose the investments and allocations yourself. Let’s know more in our Webull review below.

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What are the Webull Fees?

Webull doesn’t charge commissions on any trades, including options. Most brokers charge $0.65 per contract, but Webull doesn’t charge anything. There are no deposit or withdrawal fees, although they do charge for things like wire transfers, both domestic and international. Webull also charges interest on all margin accounts. The exact fees depend on how much you borrow.

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Features

[/fusion_text][fusion_code]W3RhYmxlIGlkPTMxIHJlc3BvbnNpdmU9c2Nyb2xsL10=[/fusion_code][fusion_text rule_style=”default” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” class=”table-wrapper” animation_direction=”left” animation_speed=”0.3″]Webull Pros and Cons[/fusion_text][fusion_code]W3RhYmxlIGlkPTMyIGNvbnZlcnRfbGluZV9icmVha3M9ZmFsc2UgcmVzcG9uc2l2ZT1zdGFjay9d[/fusion_code][fusion_text rule_style=”default” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” animation_direction=”left” animation_speed=”0.3″]

Is Webull Legitimate?

Webull is legitimate and is great for serious and advanced investors. Because they are regulated and insured by the SIPC, it’s easy to see that they are legitimate. Even though they are a newcomer to the online brokerage scene, they have plenty of offer serious investors, including the safety and security of working with a legitimate broker.

Webull Referral Program (free stock)

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Webull pays its current investors to refer clients to Webull. The promotions change often but typically involve free stock. The current promotion offers 6 free stocks valued up to $12,600 for every referral. You can use this Webull referral link and read our other article if you need more information regarding the current Webull referral program.

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Webull Trading Platforms

Webull offers a desktop, mobile, and web trading platform. I’ll cover each of them.

Web Trading Platform

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The web trading platform is great for beginning and advanced investors. You can customize the dashboard, and it’s easy to navigate. It has a one-step log-in, quality search features, and you can easily set up alerts.

Mobile Trading Platform

[/fusion_text][fusion_imageframe image_id=”3453|large” custom_aspect_ratio=”100″ lightbox=”no” alt=”Webull mobile trading platform” linktarget=”_self” hide_on_mobile=”medium-visibility,large-visibility” sticky_display=”normal,sticky” align_medium=”none” align_small=”none” align=”center” hover_type=”none” margin_top=”4px” margin_bottom=”4px” caption_style=”off” caption_align_medium=”none” caption_align_small=”none” caption_align=”none” caption_title_tag=”2″ animation_direction=”left” animation_speed=”0.3″ filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″]https://www.tastyreferrals.com/wp-content/uploads/2020/10/webull-mobile-platform-crypto-stocks-1024×797.png[/fusion_imageframe][fusion_imageframe image_id=”3454|full” custom_aspect_ratio=”100″ lightbox=”no” alt=”Webull mobile trading platform” linktarget=”_self” hide_on_mobile=”small-visibility” sticky_display=”normal,sticky” align_medium=”none” align_small=”none” align=”center” hover_type=”none” caption_style=”off” caption_align_medium=”none” caption_align_small=”none” caption_align=”none” caption_title_tag=”2″ animation_direction=”left” animation_speed=”0.3″ filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″]https://www.tastyreferrals.com/wp-content/uploads/2020/10/webull-mobile-platform-stocks.png[/fusion_imageframe][fusion_separator style_type=”none” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” flex_grow=”0″ bottom_margin=”10px” alignment=”center” /][fusion_imageframe image_id=”3455|full” custom_aspect_ratio=”100″ lightbox=”no” alt=”Webull mobile trading platform” linktarget=”_self” hide_on_mobile=”small-visibility” sticky_display=”normal,sticky” align_medium=”none” align_small=”none” align=”center” hover_type=”none” caption_style=”off” caption_align_medium=”none” caption_align_small=”none” caption_align=”none” caption_title_tag=”2″ animation_direction=”left” animation_speed=”0.3″ filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″]https://www.tastyreferrals.com/wp-content/uploads/2020/10/webull-mobile-platform-cryptos.png[/fusion_imageframe][fusion_text rule_style=”default” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” animation_direction=”left” animation_speed=”0.3″]

Webull’s mobile trading platform is available on both iOS and Android. It’s user-friendly and offers most of the functionality you’d find online. You can place orders and receive alerts, just like you can online. The mobile platform has two-step authentication, which is important for a mobile device.

Desktop Trading Platform

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The desktop trading platform is identical to the online platform, but it’s local to your computer. Webull desktop 4.0 is user-friendly and fully customizable. It is a native cross-platform application for Windows, Mac, and Linux. You can make multiple displays with your customized layout and experience multi-screen support and better performance.

Webull Options Trading

Webull is a great broker for options trading because they charge $0 commissions, contract fees, or assignment fees. Most brokers charge $0.65 per contract (per leg). It offers basic and complex options trading, but only certain investors may trade the most complex options as your abilities depend on the level Webull assigns you upon signing up. Webull determines your level based on your experience.

Webull Margin Trading Fees

If you have at least $2,000 invested at Webull, you may be eligible for a Webull margin trading account. The fees you pay depend on the amount borrowed (much like a traditional loan). Webull calculates interest on a daily basis, but you pay it monthly. The rates are variable based on the amount you borrow:

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$0 – $25,000 – 6.99%

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$25,001 – $100,000 – 6.49%

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$100,001 – $250,000 – 5.99%

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$250,001 – $500,000 – 5.49%

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$500,001 – $1,000,000 – 5.0%

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Webull vs. tastytrade vs. Robinhood

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How Does Webull make money?

If Webull is basically free, how do they make money? It’s not as complicated as you think, and it’s not a scheme either. Webull makes money on some or all of the following:

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Interest earned on uninvested cash you have in your account

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Subscriptions to Level 2 market data

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Interest on margin accounts

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Selling order flow

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Interest on short sold stocks

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Should you Consider Webull?

If you’re in the market for a new online broker and are an experienced investor, check out Webull. It’s hard to beat the commission-free trades and robust technical analysis they offer. With extended hours of trading and plenty of support, investors love the versatility of this robust investing platform.

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What Is Webull?

What are the Webull Fees?

Is Webull Legitimate?

Webull Referral Program (free stock)

Webull Trading Platforms

Web Trading Platform

Mobile Trading Platform

Desktop Trading Platform

Webull Options Trading

Webull Margin Trading Fees

How Does Webull make money?

Should you Consider Webull?

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