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Webull Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.webull.c..., the company's legitimate regulatory information JapanFSARetail Forex License to enhance the security of the company's address

Webull Forex Broker

Basic Information

Registered Region
United States
Operating Period
--
Company Name
Webull Financial LLC
Abbreviation
Webull
Company employee
--
Customer Service Email Address
support@webull.com
Contact Number
+18888280618
Company Website
Keywords
5-10 years
Regulated in Japan
Retail Forex License
Self-developed
Global Business

Company profile

WebullReview SummaryFounded2005-05-08Registered Country/RegionUnited StatesRegulationRegulated(FSA)Market InstrumentsStocks, Options, Index Options, Futures, ETFs, OTC, SharesDemo AccountN/ALeverageN/ASpreadN/ATrading PlatformWebull(Mobile, Web, and Desktop)Min DepositN/ACustomer SupportEmail: support@webull.comPhone: +1(888)828-0618Facebook, Instagram, Twitter, Instagram, LinkedInWebull Information Webull Financial LLC is a FINRA-registered broker-dealer that provides access to various opportunities across global financial markets with free commission including stocks, ETFs, and options. The broker also provides six accounts and a proprietary trading platform.Is Webull Legit? Webull is authorized and regulated by the Financial Services Agency(FSA), with License No. is 関東財務局長(金商)第48号 and the License Type is Retail Forex License, making it safer than unregulated. This is inconsistent with Webull's claim that it is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) and there is suspicion of regulatory concealment.What Can I Trade on Webull? Webull offers various investment products, including stocks, options, index options, futures, ETFs, OTC, fractional shares, and more.Tradable Instruments Supported Stocks✔Options✔Index Options✔Futures✔ETFs✔OTC✔Shares✔Account Type Webull provides six account types: Individual: Select from either a cash or margin account. IRA: We offer Roth, Traditional, and Rollover IRAs. Traders may also open managed versions of these accounts. Futures: used for trading futures contracts. Advisor: Webull Smart Advisor account provides six different diversified portfolios made up primarily of ETFs. It starts with a minimum deposit of $100. Traders must be a permanent resident of the United States and be at least 18 years old to open a Webull Smart Advisor account and use Webull's services. Entity: Entities may open an account to manage investments, conduct trading, or hold financial assets. Joint: Clients can choose between a cash or margin account, and options trading is also available for joint accounts.Trading Platform Webull provides a proprietary trading platform compatible with Mobile, Web, and Desktop. Copy trading is also available, a way for inexperienced traders or followers who dont have the time to do extensive research or want to diversify their portfolio to copy the trades of experienced traders (also known as money managers or copy trading gurus).Trading PlatformSupported Available Devices Suitable for Webull✔Mobile, Web, and DesktopAllDeposit and Withdrawal Traders can fund their Webull Smart Advisor account via ACH, wire, or for some clients, from the existing Webull Financial account. ACH deposit daily limit for ACH deposits is $50,000. ACH withdrawals typically take 2-3 business days to process and appear in your bank account. There is no limit on the amount you can deposit through a wire transfer. Domestic wire transfers can be completed same day, but are typically completed within 1-2 business days. International transfers may take up to 5 business days. Incorrect details may lead to the transfer being reversed and could incur extra fees. Wire fees: Outgoing domestic wire fee is $25. Outgoing international wire fee is $45 Returned outgoing wires will incur a $30 fee per transaction. Debit card transactions are generally processed within a 30-minute timeframe.

Rating Index

How to login to Webull?
WEBULL Complete Account Guide: Registration, Account Opening, and Login Processes In this comprehensive guide, we will walk you through the entire process of registering, opening, and logging into your WEBULL account. Whether you're a seasoned trader or a beginner, understanding these processes is c

  

Webull Broker - Comprehensive Information Guide

  

1. Broker Overview

  Webull Financial LLC, founded in 2017, is a rapidly growing online brokerage firm headquartered in New York City, USA. It operates under the ownership of Fumi Technology, a Chinese holding company. Webull primarily targets a demographic of self-directed investors, particularly appealing to millennials and younger traders who favor a mobile-first approach. The company has experienced significant growth since its inception, amassing over 11 million registered users by 2021.

  Webull's business model focuses on providing commission-free trading for stocks, ETFs, options, and cryptocurrencies. The platform was designed to cater to both casual investors and active traders, offering advanced trading tools and a user-friendly interface. The firm has made impressive strides in the brokerage industry, particularly with its unique community-driven experience, enabling users to share insights and discuss market trends.

  As a discount broker, Webull primarily serves retail clients, although it has also begun to expand its offerings to include futures trading and other investment vehicles. The firm is known for its low-cost structure, with no account minimums and a focus on providing a wide array of tools for technical analysis and trading strategies.

  

2. Regulatory and Compliance Information

  Webull is regulated by several key authorities, including the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). The company's regulatory numbers are as follows:

  • SEC Registration: 8-69761
  • FINRA Membership: 26863

  These regulatory bodies ensure that Webull adheres to strict compliance measures, including maintaining a certain level of capital to protect customer funds. Webull is required to separate client funds from its operational funds, ensuring that customer assets are safeguarded against potential financial difficulties faced by the brokerage.

  In terms of customer fund protection, Webull participates in the Securities Investor Protection Corporation (SIPC), which provides up to $500,000 in coverage for customer accounts, including a $250,000 limit for cash. Additionally, Webull's clearing firm, Apex Clearing, offers further protection, covering up to $37.5 million for securities and $900,000 for cash per individual customer.

  Webull implements robust Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures to verify the identity of its clients and prevent fraudulent activities.

  

3. Trading Products and Services

  Webull offers a wide range of trading products, including:

  • Stocks: Access to thousands of U.S.-listed stocks.
  • ETFs: A selection of exchange-traded funds for diversified investment.
  • Options: Commission-free options trading, with no per-contract fees for equity options.
  • Futures: Recently added futures trading options, allowing access to commodities and indices.
  • Cryptocurrencies: Trading available for popular cryptocurrencies through the separate Webull Pay app.

  While Webull provides a strong offering for retail traders, it does not currently offer mutual funds, forex trading, or extensive fixed-income products. The platform is continuously expanding its product offerings, with plans to introduce more asset classes in the future.

  Webull's investment services are geared towards both casual and active traders, providing tools for technical analysis, market data, and educational resources. The firm also offers fractional shares, allowing investors to purchase portions of stocks based on their available capital.

  

4. Trading Platforms and Technology

  Webull features a proprietary trading platform that is accessible via web, desktop, and mobile applications. The platform is designed to facilitate a seamless trading experience, with a focus on advanced charting and analytical tools.

  • MetaTrader Support: Webull does not support MetaTrader 4 or 5.
  • Web-Based Platform: The platform is designed for ease of use, featuring customizable layouts and a straightforward navigation system.
  • Mobile Applications: Available for both iOS and Android, Webull's mobile app includes advanced features such as voice-activated trading, real-time market data, and comprehensive charting options.

  Webull operates on a hybrid execution model, utilizing both market-making and payment for order flow (PFOF) to facilitate trades. While this allows for commission-free trading, it may lead to slightly slower execution times compared to firms that do not engage in PFOF.

  The technology infrastructure is robust, with servers located in key financial hubs to ensure fast order execution and minimal latency. Webull also provides an API for automated trading, catering to traders who prefer algorithmic strategies.

  

5. Account Types and Trading Conditions

  Webull offers several account types to cater to different trading needs:

  • Standard Accounts: No minimum deposit is required for cash accounts, while margin accounts require a minimum of $2,000.
  • Margin Accounts: Allow for leveraged trading, with tiered margin rates ranging from 5.74% to 9.74% based on account balance.
  • Robo-Advisor Accounts: Webull Smart Advisor requires a minimum deposit of $100 and charges a 0.2% annual advisory fee after a six-month free trial.

  The trading conditions are favorable, with no commissions on stocks, ETFs, and options. However, a $0.55 fee applies to certain options contracts. Webull also offers overnight financing fees and allows for a variety of order types, including market, limit, stop, and trailing stop orders.

  

6. Fund Management

  Webull supports multiple deposit methods, including ACH transfers and wire transfers. There is no minimum deposit requirement for standard accounts, making it accessible for new investors. However, margin accounts necessitate a minimum equity of $2,000.

  • Deposit Methods:
  • ACH Transfers: Free, with a maximum limit of $50,000 per day.
  • Wire Transfers: $8 fee for domestic deposits and $25 for withdrawals.

  Withdrawals can be processed through the same methods as deposits, with a typical processing time of 1-3 business days. Webull does not charge withdrawal fees, although third-party payment providers may impose their own charges.

  

7. Customer Support and Educational Resources

  Webull offers customer support through various channels, including:

  • Phone Support: Available Monday to Friday from 9:00 AM to 4:15 PM ET.
  • Email Support: Customers can expect a response within hours.
  • Live Chat: Available through the mobile app for immediate assistance.

  While Webull has a range of educational resources, including tutorials and webinars, the quality and depth of these materials can be limited compared to more established brokers. The platform also features a community section where users can share insights and strategies.

  Market analysis services are available, including daily updates and news feeds, but Webull lacks in-depth research reports commonly found with larger firms.

  

8. Regional Coverage and Restrictions

  Webull primarily serves clients in the United States and Hong Kong. The firm does not accept clients from several countries, including those in Europe, Canada, and many other regions.

  • Main Markets: U.S. stock and options markets.
  • Regional Offices: Primarily located in New York City.
  • Restricted Countries: Webull does not accept clients from various countries, including those in Europe, Canada, and several others.

  In summary, Webull is a competitive broker for commission-free trading, particularly appealing to younger investors and those interested in active trading strategies. However, it may not be the best fit for those seeking a wider range of investment products or extensive educational resources.

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Latest Reviews

Arctant vecy

Arctant vecy

Malaysia

Webull's got legit regulators and user-friendly account options, so I didn't hesitate to trade with them!

Positive

2024-07-31

洪玉2726

洪玉2726

Japan

The broker was introduced by a friend. I want to withdraw but can't contact anyone. It only shows the withdrawal was unprocessed. The customer service can't be contacted either. I don't know how and ask whom to solve it.

Exposure

2024-05-12

FX1669545234

FX1669545234

Netherlands

What I like the most is the spreading cheaper compare to the other broker but there is need to improve a little bit that can make it more convenient when it comes during withdraw the money. If possible allow us to withdraw money directly to any card that we use to me deposit either credit or debit card. Other than that so far so good.

37130

2024-04-30

Webull Forex Broker has an overall rating of 7.81, Regulatory Index 7.83, License Index 7.83, Business Index 6.99, Software Index 7.05 Risk Control Index 9.60.