Webull Review

Webull is beginning to establish itself as a strong choice for beginners and intermediate traders who want access to just enough data to make informed decisions without feeling overwhelmed by a flood of information.

The platform's trading-first design features crisp layouts, easy customization, and a sleek user experience across devices. That said, it lacks the in-depth analytical tools prized by more advanced traders.

Overall Summary

Range of investments

Webull’s investment lineup is steadily expanding, and now offers stocks, ETFs, crypto, options, and the recent addition of treasurys. Webull doesn’t yet offer mutual funds or forex trading, but recently announced that municipal bonds, corporate bonds, and fractional bond options are coming soon.

Cryptocurrency: In 2024, Webull shifted crypto trading to the Webull Pay app, distancing its core brokerage services from crypto-related regulatory risks. This change aligns with an industry-wide shift prompted by heightened regulatory scrutiny around cryptocurrency. Webull Pay maintains a similar user experience and includes popular cryptocurrencies like Bitcoin, Ethereum, and Dogecoin.

Futures: Futures trading debuted on Webull in April 2024, featuring competitive pricing at $0.70 per E-Mini contract and $0.25 per Micro contract. It’s worth mentioning that Webull enforces higher-than-standard margin requirements, which means that traders may need more than the minimum $1,000 deposit to access certain contracts.

Recurring Investments: Webull is one of the few brokers offering recurring investments for individual stocks and ETFs – a trend to watch in the brokerage industry. Ideal for dollar-cost averaging, users can set schedules for as little as $5 and up to $25,000. Recurring investments are supported on stocks and ETFs that allow fractional shares, offering a flexible way to build positions over time.

Penny Stocks: Webull allows users to liquidate penny stocks, but places limits on the ability to buy over-the-counter (OTC) stocks priced under $5 per share. Exceptions are made for around 500 pre-approved stocks (a significant expansion from previous years) yet this is still relatively restrictive compared to what you'll find with the best brokers for penny stocks.

Commissions and fees

Webull leads the industry with zero commissions on U.S. stocks, ETFs, and options trading, including no per-contract fees on equity options trades – a significant advantage for options traders looking to keep costs low. This pricing structure makes Webull especially attractive to beginners or casual traders.

Other fees: There’s no charge for ACH transfers. Wire deposits incur an $8 fee and wire withdrawals cost $25. Webull has no account minimums for cash accounts, though margin accounts require a minimum equity of $2,000 – an industry standard.

Mobile trading apps

Webull's mobile app is packed with tools and the app’s intuitive layout keeps essential data accessible (though users may want to adjust their notification settings to avoid the default flood of alerts). Here’s how Webull’s mobile app performs across key areas:

Researching stocks and the market: The app gives users a clear snapshot of market activity, including daily closes, futures, and advancer vs. decliner stats. The Quote section provides order flow information, key financial data, and AI-generated news. Watch lists are detailed, with a horizontal view that displays a wealth of price data and fundamentals – though customization options are limited.

Trading options: Options traders will find Webull’s options chain intuitive and informative, with implied volatility (IV) displayed on a number line and a full set of options statistics. I’ve found that this layout can help traders make quick and informed decisions.

Trading stocks: The Stock Trade Ticket pairs helpful explanations with its advanced order types, helping to make stock trading straightforward even for those newer to the platform.

Education: Educational resources are integrated into the app but can feel disorganized, making it challenging for beginners to follow a cohesive learning path.

A walkthrough of Webull's mobile app.

Other trading platforms and tools

Webull’s web and desktop platforms deliver a sleek, intuitive experience for casual and intermediate traders, with features like charting, recurring investments, and goal-tracking through Smart Advisor. Though it lacks some advanced tools, Webull’s ongoing expansion of platform features makes it a solid choice.

Charting capabilities: Webull’s charting is responsive and well-equipped, featuring multiple chart types, drawing tools, and 59 technical indicators. Users can manage orders directly from the chart, and hotkeys with grid layouts make it easy to compare multiple charts.

Activity and account maintenance support: Webull organizes activity tabs effectively, separating orders, history, and IPO subscriptions. However, activity details are spread across different areas, making account reconciliation cumbersome. In my opinion, adding a consolidated cash balance screen would simplify the experience.

Portfolio tracking & monitoring Tools: The positions page displays overall portfolio value and allows performance comparison against an index. However, deeper analysis tools like tax-lot tracking and profit/loss calculators are missing, which may limit usability for advanced traders.

Smart Advisor: Webull’s Smart Advisor offers goal tracking, allowing users to set personalized goals, monitor their progress, and work toward achieving specific financial objectives. Managed by State Street Global Advisors, the service primarily uses State Street ETFs, with fees totaling approximately 0.43% annually. This option may appeal to users looking for guided investing, though the fee structure might be too high for passive investors.

Research

Webull’s research tools are best suited for price- and volume-driven traders, with basic but functional resources across stocks, funds, and fixed income. Though not as comprehensive as what you’d find at larger brokerage firms, Webull’s research offerings provide value to users focused on the essentials.

Stock research: I found Webull’s stock data presentation especially helpful, with financial forecasts shown in both table and chart format. This made it easy to spot trends across quarterly or annual timeframes for metrics like forward and trailing P/E ratios, dividends, and yields. Analyst opinions are also available, showing the percentage of buy, sell, and hold ratings – though I’d like to see the analysts dive deeper and share the reasoning behind these ratings.

Fund research: Webull gives a quick snapshot of fund holdings, showing the top 10 positions and recent fund flows. While expense ratios and sector allocations aren’t yet included, I appreciate being able to see how holdings changed over the last few quarters – a helpful touch for tracking fund activity.

Fixed income research: I was pleased to see that Webull recently added Treasurys, with plans to expand into fractionals, corporates, and munis. Currently, fixed-income information is only accessible on the desktop platform, but Webull’s recent efforts to expand in this area are promising for fixed-income investors.

Screening tools: Webull’s stock screener covers a variety of filters, making it easy to set up searches based on criteria like net margin, EPS growth, and revenue. While refining and sorting results could be improved, I found it useful for narrowing down options. The fund and fixed-income screeners are limited, though, so some manual work may be required to interpret yields.

Macro research and economic calendar: Webull’s setup for macro research is visually appealing and informative, with major indices, yields, heat maps, and an economic calendar all in one place. I liked how easy it was to see advancers and decliners across exchanges. While real-time news can lag a bit, it still helps investors track general market sentiment.

Overall, Webull’s research tools offer a solid mix of essentials and appealing visualizations, providing useful resources for traders looking to stay informed and make data-driven decisions.

Education

Webull offers a broad range of educational content that covers stocks, funds, options, and market concepts. The sheer quantity of Webull’s educational content is impressive, but the quality of the information is mixed. In my opinion, Webull’s education is probably most useful for those with at least some previous investing experience – beginners will likely be left wanting more.

Webinars: Webull hosts live webinars in collaboration with third-party partners, providing users with regular opportunities to learn about various investment topics. Although there are multiple webinars scheduled each month, they can’t be found within Webull’s main learning hub.

Stock, fund, and fixed-income education: I found that Webull’s stock education content has a logical lesson flow once you begin reading, but the grouping of topics can feel random or incoherent. Example: Basic topics like “investment types” are grouped together with more advanced subject matter, such as “Fibonacci retracements.”

Fund definitions (i.e., ETFs) could benefit from clearer explanations – some descriptions may come off as confusing for beginner investors. While I was pleased to see that fixed-income topics are covered in Webull's educational content, I was disappointed in the writing quality and the subject matter felt inaccessible.

Options and macro content: Webull’s options education covers options trading strategies in detail, with contributions from the Options Institute. That said, these articles, like those on covered calls, need some refinement. Macro content includes collections on economic indicators, the FOMC, and earnings season – offering a solid introduction to these important topics.

Customer service

To score Customer Service, StockBrokers.com partners with customer experience research firm Confero to conduct phone tests from locations throughout the United States. For this year's testing, 130 customer service tests were conducted over six weeks, with wait times logged for each call.

Customer service representatives were asked for assistance or details for prospective customers in several areas of broker services, including account opening, trading tools, apps, rollovers, active trading, and more. Here are the results for Webull.

• Average Connection Time: 7-8 minutes
• Average Net Promoter Score: 7.0 / 10
• Average Professionalism Score: 6.8 / 10
• Overall Score: 6.21 / 10
• Ranking: 13th of 13 brokers

Banking services

Final thoughts

Webull's intuitive platform is great for everyday traders seeking an affordable trading experience. While it may lack some of the advanced features that can be found with larger firms, Webull’s continuous updates to its product line – like recurring investments, Smart Advisor goal tracking, and community integration – show its commitment to growing alongside user needs.

Here are my three top takeaways for Webull in 2025:

• Trading-first design: Webull excels with clean layouts, easy customization, and a seamless user experience across web, desktop, and mobile platforms.
• Solid for new and intermediate traders: Webull’s platform provides enough data and essential tools for users to make informed trading decisions without feeling overwhelmed, positioning it as a top choice for those early in their trading journey.
• Potential for Future Growth: In my opinion, Webull's recent addition of an experienced Chief Strategy Officer from the institutional world could signal a future where Webull brings institutional-grade capabilities to retail users – but time will tell.

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Is Webull good for beginners?

Yes, Webull is a solid choice for beginners. The platform’s simplicity and low costs make it easy to focus on trading, with perks like fractional shares and paper trading to help new traders gain experience. While Webull has some educational content, those needing extensive resources may find more elsewhere.

Can I use Webull if I’m a minor?

No, if you are a U.S. resident you must be at least 18 years of age to open an account on Webull. Its offering does not currently support custodial accounts either. If you are a parent or guardian who would like to open an custodial brokerage account or tax-advantaged educational investing account for a child, I would recommend checking out Fidelity, which even has a dedicated mobile app for Youth investing.

Is Webull good for options?

Yes, Webull is great for options trading. Beginners and casual options traders will find it straightforward, with free real-time OPRA quotes if trading at least one contract a month and a zero-commission pricing structure. However, experienced options traders seeking in-depth analysis or quicker trade scenarios may prefer platforms with more advanced tools.

Can you trade futures on Webull?

Yes, you can now trade futures on Webull, as of April 2024. Its pricing is highly competitive but research coverage is light. Check out my guide to the best brokers for futures trading to see my picks for the top brokers in this category.

Is Webull safe?

Webull is a member of the Securities Investor Protection Corporation (SIPC), which protects customers’ funds up to $500,000 in case a brokerage goes bankrupt. Its clearing firm, Apex Clearing, has additional insurance. However, it’s important to understand that SIPC does not protect against market losses, which is true for any broker.

Is Webull a good choice?

Webull is a fantastic choice for short-term investors who wish to trade options and futures. Day traders in particular will enjoy the commission-free options contracts and low prices for futures. However, long-term investors primarily interested in holding stock may wish to look at competitors who offer richer research reports and the ability to purchase mutual funds or bonds.

About Webull

Webull is part of China-based Fumi Technology, a fintech company that provides real-time market data, analytical tools, and trading technologies. Webull’s technology team is based in Hunan, China, while customer-facing and brokerage operations are located in New York City.

Webull 2025 Results

For the StockBrokers.com 2025 Annual Awards, announced on Jan. 28, 2025, all U.S. equity brokers we reviewed were assessed on over 200 different variables across seven areas: Range of Investments, Platforms & Tools, Research, Mobile Trading, Education, Ease of Use, and Overall.

StockBrokers.com also presented “Best in Class” awards to brokers in the following additional categories: Active Traders, Bank Brokerage, Beginners, Casual Investors, Customer Service, Futures Trading, High Net Worth Investors, Investor Community, Options Trading, Passive Investors, Retirement Accounts. A “Best in Class” designation means finishing in the top five brokers for that category.

For more information, see how we test.

Category awards

Industry awards

StockBrokers.com Review Methodology

Our mission at StockBrokers.com is simple: provide thorough and unbiased reviews of online brokers, based on an extraordinary level of hands-on testing and data collection. Our ratings and awards are based on this data and our in-house experts’ deep authority in the field; brokers cannot pay for preferential treatment. Here’s more about trustworthiness at StockBrokers.com.

Our research team conducts thorough testing on a wide range of features, products, services, and tools for U.S. investors, collecting and validating thousands of data points in the process; this makes StockBrokers.com home to the largest independent database on the web covering the online broker industry. We test all available trading platforms for each broker and evaluate them based on a host of data-driven variables.

As part of our process, all brokers had the annual opportunity to provide updates and key milestones and complete an in-depth data profile, which we hand-checked for accuracy. Brokers also were offered the opportunity to provide executive time for an annual update meeting.

Our rigorous data validation process yields an error rate of less than .001% each year, providing site visitors quality data they can trust. Learn more about how we test or about StockBrokers.com.

Webull fees and features data

The data collection efforts at StockBrokers.com are unmatched in the industry. The following tables show a deeper dive into the offerings available at this broker. You can also compare its offerings side-by-side with those of other brokers using our Comparison Tool.

In addition to meticulous annual data collection by our in-house analyst, every broker that participates in our review is afforded the opportunity to complete an in-depth data profile. We then audit each data point to ensure its accuracy.

Trading fees

Account fees

Margin rates

Investment options

Order types

Beginners

Stock trading apps

Stock app features

Stock app charting

Trading platforms overview

Trading platform stock chart features

Day trading features

Investment research overview

Stock research features

ETF research features

Mutual fund research features

Options trading overview

Banking features

Customer service options

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• Best Brokers for Penny Stock Trading of 2025
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About the Editorial Team