WEBULL 2025 Review: Everything You Need to Know
Webull, a mobile-first brokerage platform, has made significant strides in the online trading landscape since its inception in 2017. This review synthesizes various expert analyses and user experiences to provide a comprehensive overview of Webull as of 2025. The overall sentiment is largely positive, highlighting Webull's commission-free trading model, advanced trading tools, and a user-friendly interface, although it does have notable shortcomings in terms of educational resources and asset variety.
Note: It's important to recognize that Webull operates under different regulatory entities depending on the region, which may affect user experience and protections. This review incorporates a variety of sources to ensure fairness and accuracy.
Ratings Overview
How We Score Brokers: Our ratings are derived from a comprehensive analysis of user feedback, expert opinions, and factual data related to the broker's offerings.
Broker Overview
Founded in 2017, Webull is a discount brokerage that primarily targets a younger, tech-savvy audience. It offers a sleek mobile app and desktop platform designed for seamless trading experiences. Users can trade a variety of assets including stocks, ETFs, options, and cryptocurrency (via a separate app called Webull Pay). Webull is regulated by the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), which adds a layer of credibility and investor protection.
Detailed Breakdown
Regulated Geographical Areas
Webull operates primarily in the United States and is regulated by the SEC and FINRA. Despite its Chinese ownership, the company adheres to U.S. regulations, which is a crucial factor for potential investors.
Deposit/Withdrawal Currencies/Cryptocurrencies
Webull accepts deposits in U.S. dollars and allows users to trade cryptocurrencies through its Webull Pay app, which includes popular options like Bitcoin and Ethereum. However, users cannot transfer cryptocurrencies off the platform, which may be a limitation for serious crypto traders.
Minimum Deposit
There is no minimum deposit required to open a standard brokerage account with Webull, making it accessible for new investors. However, margin accounts require a minimum balance of $2,000.
Webull frequently offers promotions, including free fractional shares for new account holders and cash management accounts that yield competitive interest rates (up to 5.00% APY on uninvested cash).
Tradable Asset Classes
Webull allows trading in stocks, ETFs, options, futures, and cryptocurrencies. However, it does not offer mutual funds or forex trading, which could be a drawback for investors looking for a more diversified portfolio.
Costs (Spreads, Fees, Commissions)
Webull is known for its zero-commission trading on stocks, ETFs, and options. It does not charge per-contract fees for options trading, which is a significant advantage. However, regulatory fees may apply, and there is a $75 fee for transferring accounts to another brokerage.
Leverage
Webull offers margin trading with a leverage ratio of up to 4:1 for day trading and 2:1 for overnight positions, which is competitive in the industry.
Webull provides a mobile app, a web-based platform, and a downloadable desktop application, all of which are user-friendly and feature-rich.
Restricted Regions
While Webull primarily services U.S. residents, it is also available in certain international markets. However, it does not support joint accounts or custodial accounts, which may limit its appeal to some investors.
Available Customer Service Languages
Webull offers customer support primarily in English and Chinese. Users can reach out via phone or email, although some reports indicate long wait times for phone support.
Repeat Ratings Overview
Detailed Breakdown of Ratings
Account Conditions: 9/10
Webull's zero minimum deposit requirement and no ongoing maintenance fees make it an attractive option for new investors. The ease of opening an account and the absence of hidden fees are significant pluses.
While Webull provides robust trading tools and a user-friendly interface, its educational resources are limited compared to more established brokers. New investors may find themselves seeking external resources to fill knowledge gaps.
Customer Service and Support: 6/10
Webull's customer service has received mixed reviews. While phone and email support are available, users have reported long wait times, particularly for phone inquiries. The lack of live chat options is also a drawback.
Trading Experience: 8/10
The trading experience on Webull is generally smooth, with advanced charting tools and customizable features. However, the absence of mutual funds and forex trading may deter some users.
Trustworthiness: 8/10
Webull is regulated by reputable agencies, and its SIPC membership provides an additional layer of investor protection. However, the company has faced scrutiny due to its Chinese ownership and regulatory fines in the past.
User Experience: 9/10
The mobile app and desktop platform are well-designed, making it easy for users to navigate and execute trades. The integration of community features also enhances user engagement.
Webull frequently offers promotions, including free stocks for new account holders, which can be appealing. However, the lack of ongoing promotions may limit its attractiveness compared to competitors.
In conclusion, Webull stands out as a strong contender in the online brokerage space, particularly for active traders and those seeking a mobile-first experience. However, potential users should weigh its limitations in asset variety and customer service against its many advantages.
