Webull Reviews

Webull is an all-in-one self-directed investment platform designed to be as technology-forward as possible. Its advanced tools and services allow customers to trade investments, review market data and ultimately diversify their investments online.

Although it’s relatively new in the industry compared to some other competitors, it has found its niche with its easy-to-use and aesthetically pleasing mobile and online experience.

With Webull, customers can invest in traditional IRA products, like Roth IRAs or Rollover IRAs, or choose an individual brokerage account. With an individual brokerage account, you can buy and sell securities and assets with ease. Webull offers extended-hours trading, and its team makes no commission on trades or sales.

It’s important to understand that with Webull, there's no investment advice available; it’s not like working with a financial advisor or another industry expert. Instead, customers are in charge of their investment strategies and performance, which offers a lot of flexibility and risk.

Because of its simple platform and $0 account minimum, Webull is a good place for intermediate investors, as long as they’re aware of the risks that come with self-directed investing.

Webull doesn’t require an account minimum, meaning customers can start with very little money. As for trades, the cost depends on the type of account being traded and bought and at what price. For example, a margin trade for a debit balance under $25,000 has a 6.99% rate.

Additionally, Webull does not charge commissions for trading stocks, ETFs and options listed on U.S. exchanges, but regulatory agencies do. There are no fees for ACH withdrawals or deposits, but you do have to pay $8 for wire transfer deposits for U.S. bank accounts and $12.50 for international ones.

Webull also charges transfer fees.

Yes, Webull is a legitimate self-directed investment option. But just like any self-directed platform, there are lots of risks for individuals — especially ones that don’t understand how investing works. While that doesn’t make Webull any less legitimate, it does put more of the onus on the customer to figure out the best way to use its platform.

For some newer investors, Webull’s many data insights and trends can be overwhelming; they might prefer a more simple platform. But for intermediate investors, Webull is a great option for diversifying an account with useful data.