Actively trade and save for retirement
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What sets Webull apart, however, is its access to tax-efficient IRAs so users can also ensure they’re saving funds for retirement.
Below, Select reviews Webull’s current offerings to give you details on investment options, features and fees so you can decide if it’s right for your needs.
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Minimum deposit and balance
Deposit and minimum balance requirements may vary depending on the investment vehicle selected. No minimum required to open an account or start investing
Fees may vary depending on the investment vehicle selected. Trade without commission; regulatory transaction fees and trading activity fees may apply
Get 5 free shares when you open and fund a new account: Sign up with Webull to get your 2 free shares, each worth up to $300, and deposit any amount to receive 3 free shares, each worth up to $3,000
Brokerage account: Commission-free investment Webull IRA: Traditional IRAs, Roth, Rollover
Stocks, ETFs, options trading, fractional shares, IPOs, ADRs, as well as some cryptocurrencies through Webull Crypto
With Webbull, you can trade stocks, options, ETFs and cryptos without any commission. Investors also have access to IPO and Fractional Shares, making it easy to get into a company before its IPO or buy a fractional share belonging to a well-known stock (and potentially costly). Webull currently offers trading in over 5,000 stocks and ETFs and more 30 different kinds of cryptocurrencies.
While active investors will enjoy commission-free trading, they can also open a traditional IRA, Roth or Rollover with Webull, giving themselves the flexibility to manage their retirement funds as well as their stocks in one place.
It is important to note that no mutual funds invest through Webull. While an ETF can still provide the instant investment diversification you seek, those looking for mutual funds can otherwise set up a separate brokerage account with someone like loyalty, Charles Schwab or robo-advisor Improvement.
Webull mainly stands out for its easy-to-use, commission-free trading platform and retirement savings accounts. If you are new to stock trading, there is a useful tool Webull-Blog where in the “education” section you can read about understanding cryptocurrency or the basic 101s of trading.
Currently Webull users can get a bonus of five free shares when they open and fund a new account: Sign up with Webbull to get your two free shares, each worth up to $300. Deposit any amount to receive three free shares, each worth up to $3,000.
The platform also offers users a customizable desktop version of its platform if you prefer to trade on a larger screen and investors have extended trading hours before and after market close: 4:00 a.m. to 9:30 a.m. ET and 4:00 p.m. at 8 p.m. ET, Monday through Friday. However, you can trade crypto seven days a week for 23 hours a day (crypto trading is not available between 5:30 p.m. and 6:30 p.m. ET) on Webull.
Compared to Robinhood and other more basic investment apps, WeBull offers more advanced trading indicators, charts, filters, and customization that can be useful for intermediate to advanced traders.
Webull’s The app is available for free download both on the App Store (for iOS), where it has 4.7/5 stars, and on Google Play (for Android), where it has 4.4/5 stars at time of writing this article.
Webull does not have a minimum to open an account nor do users need to meet a minimum to start investing.
Webull does not charge commission fees to trade stocks, options, ETFs or cryptos.
Webbull is a great investment platform, especially if you’re an active trader who wants lots of options, low costs, advanced trading tools, and the ability to save for retirement in one place.
More discreet investors may want to consider investing in mutual funds through the brokers we mentioned above or an automated investing solution. SoFi Invest®, for example, has a robo-advisor option with zero account management fees and no minimum requirements. It offers a wide range of low-cost ETFs and will automatically rebalance your portfolio on a quarterly basis. Read our full SoFi Invest review.
Editorial note: Any opinions, analyses, criticisms or recommendations expressed in this article are those of Select’s editorial staff only and have not been reviewed, endorsed or otherwise endorsed by any third party.