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eToroWebull Review
Written by Jessica Inskip
Edited by John Bringans
Reviewed by Blain Reinkensmeyer
Jessica InskipJessica Inskip is Director of Investor Research at StockBrokers.com, bringing 15 years of experience in brokerage and trading strategy. Jessica focuses on investor education and brokerage industry research.
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.
-
Minimum Deposit:
$0.00 -
Stock Trades:
$0.00 -
Options (Per Contract):
$0.00
| Range of Investments | |
| Mobile Trading Apps | |
| Platforms & Tools | |
| Research | |
| Education | |
| Ease of Use | |
| Customer Service |
Check out StockBrokers.com's picks for the best stock brokers in 2025.
| #1 Paper Trading Platform | Winner |
| 2025 | #8 |
| 2024 | #9 |
| 2023 | #8 |
| 2022 | #12 |
| 2021 | #10 |
Table of Contents
Pros & cons
Pros
- Commission-free options trading and micro futures pricing at just $0.25 per contract.
- Paper trading and fractional shares are great for newer traders.
- Webull's community offers an engaging way to stay connected with market sentiment and other traders.
Cons
- Webull’s research lacks comprehensive insights expected by active traders.
- Educational content is often low-quality and/or disorganized.
- The ability to designate beneficiaries is only available on Webull’s IRA accounts.
My 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.
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.
| Feature |
 Webull
|
|---|---|
| Stock Trading | Yes |
| Margin Trading | Yes |
| Fractional Shares | Yes |
| OTC Stocks | Yes |
| Options Trading | Yes |
| Complex Options Max Legs | 4 |
| Bonds (US Treasury) | No |
| Futures Trading | Yes |
| Forex Trading | No |
| Mutual Funds (Total) | 0 |
| Crypto Trading | No |
| Crypto Trading - Total Coins | 0 |
| Traditional IRAs | Yes |
| Roth IRAs | Yes |
| Advisor Services | No |
Webull 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.
| Feature |
Webull
|
|---|---|
| Minimum Deposit | $0.00 |
| Stock Trades | $0.00 |
| Penny Stock Fees (OTC) | N/A |
| ETF Trade Fee | $0.00 |
| Options (Per Contract) | $0.00 |
| Options Exercise Fee | $0.00 |
| Options Assignment Fee | $0.00 |
| Futures (Per Contract) | $1.25 |
| Mutual Fund Trade Fee | N/A |
| Broker Assisted Trade Fee | N/A |
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.
Webull’s mobile app blends social media with investing, and the “Most Popular” feed is a perfect example. You can quickly see which stocks are being talked about most, along with real comments from individual investors. It’s a unique way to tap into market sentiment and stay connected to what the Webull community is watching.
| Feature |
Webull
|
|---|---|
| iPhone App | Yes |
| Android App | Yes |
| Apple Watch App | Yes |
| Stock Alerts | Yes |
| Charting - After-Hours | Yes |
| Charting - Technical Studies | 56 |
| Charting - Study Customizations | Yes |
| Watch List (Streaming) | Yes |
| Watch Lists - Create & Manage | Yes |
| Watch Lists - Column Customization | No |
Trading platforms
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.
Jessica's take:
"Webull’s charting is responsive and well-equipped, featuring multiple chart types, drawing tools, and 59 technical indicators. I was able to manage orders directly from the chart, and hotkeys with grid layouts made 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.
Webull’s trading platform brings everything together in one clean, customizable view, perfect for making fast, informed decisions. Here, with AAPL selected, you can see a real-time chart, a pre-filled limit order ticket, and a detailed quote panel that includes analyst ratings and sentiment breakdowns.
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.
| Feature |
Webull
|
|---|---|
| Active Trading Platform | N/A |
| Desktop Trading Platform | Yes |
| Desktop Platform (Mac) | Yes |
| Web Trading Platform | Yes |
| Paper Trading | Yes |
| Trade Journal | No |
| Watch Lists - Total Fields | 35 |
| Charting - Indicators / Studies | 52 |
| Charting - Drawing Tools | 19 |
| Charting - Study Customizations | 2 |
| Charting - Save Profiles | Yes |
| Trade Ideas - Technical Analysis | No |
| Streaming Time & Sales | Yes |
| Trade Ideas - Backtesting | No |
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.
Webull’s Morning Brief screen is the perfect starting point for any trading day, offering a comprehensive snapshot of what’s ahead. It includes futures data, a corporate event calendar (earnings, dividends, splits), analyst upgrades and downgrades, earnings previews, and an economic news feed, all in one place.
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.
| Feature |
Webull
|
|---|---|
| Research - Stocks | Yes |
| Stock Research - ESG | No |
| Stock Research - PDF Reports | 0 |
| Screener - Stocks | Yes |
| Research - ETFs | Yes |
| Screener - ETFs | No |
| Research - Mutual Funds | No |
| Screener - Mutual Funds | No |
| Research - Pink Sheets / OTCBB | Yes |
| Research - Bonds | No |
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.
Webull’s Learning Center, shown here sorted by “Most Popular,” makes it easy to discover what other investors are engaging with most this week. From beginner guides to advanced trading strategies, the platform covers an impressive breadth of material.
| Feature |
Webull
|
|---|---|
| Education (Stocks) | Yes |
| Education (ETFs) | Yes |
| Education (Options) | Yes |
| Education (Mutual Funds) | No |
| Education (Bonds) | No |
| Education (Retirement) | No |
| Paper Trading | Yes |
| Videos | Yes |
| Webinars | Yes |
| Webinars (Archived) | Yes |
| Progress Tracking | Yes |
| Interactive Learning - Quizzes | Yes |
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
| Feature |
Webull
|
|---|---|
| Bank (Member FDIC) | No |
| Checking Accounts | No |
| Savings Accounts | No |
| Credit Cards | No |
| Debit Cards | No |
| Mortgage Loans | No |
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.
Webull Star Ratings
| Feature |
Webull
|
|---|---|
| Overall |
|
| Range of Investments |
|
| Mobile Trading Apps |
|
| Platforms & Tools |
|
| Research |
|
| Customer Service |
|
| Education |
|
| Ease of Use |
|
StockBrokers.com Review Methodology
Why you should trust us
Jessica Inskip is Director of Investor Research at StockBrokers.com, bringing 15 years of experience in brokerage and trading strategy. A former FINRA-licensed rep, she held Series 7, 63, 66, and 4 licenses. Jessica focuses on investor education and brokerage industry research, appears regularly on CNBC, Bloomberg, The Schwab Network, Fox Business, and Yahoo! Finance, and hosts the Market MakeHer podcast.
Blain Reinkensmeyer, co-founder of StockBrokers.com, has been investing and trading for over 25 years. After having placed over 2,000 trades in his late teens and early 20s, he became one of the first in digital media to review online brokerages. Today, Blain is widely respected as a leading expert on finance and investing, specifically the U.S. online brokerage industry. Blain has been quoted in The New York Times, The Wall Street Journal, Forbes, and Fast Company, among others. Blain created the original scoring rubrics for StockBrokers.com and oversees all testing and rating methodologies.
How we tested
- We used our own brokerage accounts for testing.
- We collected thousands of data points across the brokers we review.
- We tested each online broker's website, desktop platforms, and mobile app, where applicable.
- We maintained strict editorial independence; brokers cannot pay for inclusion or a higher rating.
Our research team meticulously collected data on every feature of importance to a wide range of customer profiles, including beginners, casual investors, passive investors, and active traders. We carefully track variables like margin rates, trading costs, fees, and platform features and use them to help rate brokers across a range of categories measuring ease of use, range of investments, research, education, and more.
At StockBrokers.com, our reviewers use a variety of computing devices to evaluate platforms and tools. Our reviews and data collection were conducted using the following devices: iPhone SE running iOS 17.5.1, MacBook Pro M1 with 8 GB RAM running the current MacOS, and a Dell Vostro 5402 laptop i5 with 8 GB RAM running Windows 11 Pro.
Each broker was evaluated and scored on over 200 different variables across seven key categories: Range of Investments, Platforms & Tools, Research, Mobile Trading, Education, Ease of Use, and Overall. Learn more about how we test.
Trading platforms tested in 2025
We tested 16 online trading platforms in 2025:
- Ally Invest review
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- eToro review
- E*TRADE review
- Fidelity Investments review
- Firstrade review
- Interactive Brokers review
- J.P. Morgan Self-Directed Investing review
- Merrill Edge review
- Public.com review
- Robinhood review
- SoFi Invest® review
- tastytrade review
- TradeStation review
- Tradier
- Webull review
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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.
About the Editorial Team
Jessica Inskip is Director of Investor Research at StockBrokers.com, bringing 15 years of experience in brokerage and trading strategy. A former FINRA-licensed rep, she held Series 7, 63, 66, and 4 licenses. Jessica focuses on investor education and brokerage industry research, appears regularly on CNBC, Fox Business, and Bloomberg, and hosts the Market MakeHer podcast.
John Bringans is the Managing Editor of StockBrokers.com. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.
Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.