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Webullforex Forex Broker provides real users with * positive reviews, 1 neutral reviews and 9 exposure review!

Webullforex Broker Review

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Webullforex Review 10

Latest All(10) Neutral(1) Exposure(9)
Exposure
An analyst claims that the company was seized and a security deposit is required to recover funds.

A friend I met online gained my trust through chats about investment experiences and sharing aspects of life, then introduced me to their trading platform which appeared normal and legitimate. However, shortly after I started using it, the company's customer service recommended their analyst. They said that by depositing $50,000, I could obtain permanent analyst credentials. Subsequently, they introduced me to the analyst's Line account. After following the analyst's trading predictions which made me money, within less than a month, the analyst informed me that the company had been seized due to illegal funds invested by other clients. Now, to apply for a compensation plan which is currently under review, a 15% security deposit of the funds is required to recover the money and return it. In total, I transferred $13,450 + $5,000 (amount not yet credited), totaling $18,450 USDT.

FX2694468193
2024-11-26
Exposure

The exchange does not allow withdrawals and requires a 20% tax payment.

FX3809404122
2024-10-26
Exposure

Vietnamese individuals register Facebook accounts in Cambodia to lure participants into foreign exchange investment with the intention of deceiving and misappropriating their assets. Everyone, be cautious! Facebook profile page Actual amount in the account On August 22, 2024, the recipient of the participation fee (i.e., customer care) requested a 25% tax on the total value of the account before withdrawing money. For example, only when 90,000 USD is subject to a 25% tax can the withdrawal order be executed. Withdrawals of smaller amounts are not allowed to be carried out 🥲 After 10 days of stating this reason and that By September 6, 2024, the account balance becomes 0 dong 🥲 Above, I present some images of the fraudulent behavior and misappropriation of assets of the participants. I hope that relevant parties can assist me. I have evidence of money transfers; date/month/year/amount of participation!

Toanthang2024
2024-09-06
Exposure
This page scams and misappropriates investors' assets

Recently, I participated in 90,000 USD at this exchange. When I needed money, I requested support to withdraw from the exchange and was asked to pay a 25% tax according to the tax authorities' regulations. It's really unfortunate that I had to pay taxes on the money I deposited and withdrew 😂

FX1619514609
2024-09-05
Exposure

Attention everyone, you can deposit money into the platform now, but when you want to withdraw, they will ask you to deposit more money before you can withdraw. The customer service department is not available on the platform, so you can only contact them through Telegram.

FX3809404122
2024-08-17
Neutral

Seriously, Webullforex Trading Web has some basic functions, but is far from being robust compared to other platforms, especially MetaTrader platforms.

Derya
2024-08-07
Exposure
The external support has deceived us, and they promise to solve the problem.

I am a Webullforex user with account number 651884. When I requested a withdrawal of $245,755, the ST support service requested payment of a withdrawal fee, which I paid, and then requested payment of another identity verification fee. After completing all the payments, the support service stopped responding, and I have not received the money so far. Today, the WebullForex headquarters sent a statement explaining that an external support agent of their platform deceived us. They have asked us to wait and will soon resolve the issue. I trust their platform and only hope that they will pay me the money.

시우
2024-07-06
Exposure
Customer Center Yeolrakandam Withdrawal is not possible

Hello.  I am a member of WebbleForex. user401346 is a member. I applied for a currency exchange of $293,000. The customer service center told me to charge a fee of 3,968,3627 won, so I did. However, they say that the money cannot be exchanged because the funds from a third party have been confirmed. I borrowed 81.2 million won from a friend and bought it. They said they couldn't exchange money for that money, so I asked for a solution. The customer center said that I had to deposit 81.2 million won to exchange it for $293,000. So I said I didn't have enough money. The customer service center said that if I deposit half of 81.2 million won, they would exchange 293,000 dollars. So I deposited 40 million won. Once again, the customer service center said they couldn't exchange money. I asked why it couldn't be done. They say they won't use it because their credit is bad. They say they can exchange $293,000 by holding on to the remaining 41.2 million of their friend's money at the customer center again. So, I asked for 20 million won and said they didn't have the rest, so they said they would do it if I used a friend's guarantee, but they said they wouldn't let me exchange money after using a friend's guarantee. They said they couldn't do it because my credit score was low. So time has passed 20 days. The customer center said it was frozen. They said they had to put up 10 million won to lift the freeze, so they put up another 10 million won. They said I had to raise my credit score to be able to exchange money, so they charged me 10 million won to raise my credit score. The Todashi customer service center asked for 11.5 million won, so they charged me 10 million won. And then the customer service center doesn't work.

김상수
2024-06-24

  

Webullforex 2025 Review: Everything You Need to Know

  Webullforex has emerged as a notable player in the online brokerage space, particularly appealing to tech-savvy and active traders. Overall, the platform is characterized by its commission-free trading model, advanced analytical tools, and a user-friendly interface. However, it does have limitations, such as a lack of mutual funds and certain asset classes that may deter some investors.

  Note: It's important to highlight that Webull operates through different entities in various regions, which can affect the services and regulations applicable to users. This review aims to provide a fair and accurate assessment based on a comprehensive analysis of multiple sources.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 9
Tools and Resources 8
Customer Service and Support 7
Trading Experience 8
Trustworthiness 9
User Experience 8
Additional Features 7

  We evaluate brokers based on comprehensive criteria, including user experience, cost, and available tools.

  

Broker Overview

  Founded in 2017, Webull has quickly established itself as a competitive brokerage, especially among younger investors. The platform offers a proprietary trading platform that is accessible via web and mobile applications. Users can trade a variety of assets including stocks, ETFs, options, and cryptocurrencies, although it does not support mutual funds or bonds. Webull is regulated by the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), providing a level of security for investors.

  

Detailed Breakdown

  Regulated Geographies:

  Webull operates primarily in the United States but has expanded its services to other regions, including Hong Kong and Singapore. This multi-regional presence allows for a broader customer base but may also introduce variability in service offerings.

  Deposit/Withdrawal Currencies/Cryptocurrencies:

  The primary currency accepted for deposits and withdrawals is USD. The platform also offers cryptocurrency trading through a separate app, Webull Pay, which allows users to trade popular cryptocurrencies like Bitcoin and Ethereum.

  Minimum Deposit:

  Webull has no minimum deposit requirement for standard accounts, making it accessible for new investors. However, margin accounts require a minimum balance of $2,000.

  Bonuses/Promotions:

  Webull frequently offers promotions such as free stocks for new users and referral bonuses. For instance, users can receive up to 40 free fractional shares upon making a qualifying deposit.

  Tradable Asset Classes:

  The platform supports a variety of trading instruments, including U.S.-listed stocks, ETFs, options, and cryptocurrencies. However, it does not provide access to mutual funds or foreign stocks, which may limit diversification for some investors.

  Costs (Spreads, Fees, Commissions):

  Webull operates on a commission-free model for stocks and options. However, regulatory fees may apply. The average spread for popular currency pairs like EUR/USD is competitive, but additional charges may apply for certain transactions.

  Leverage:

  Webull offers leverage of up to 4:1 for day trading and 2:1 for overnight positions, which is standard among U.S. brokers but may be lower than what international brokers offer.

  Allowed Trading Platforms:

  Webull provides a proprietary trading platform that is designed for both desktop and mobile use. The platform includes advanced charting tools, technical indicators, and customizable layouts, making it suitable for both novice and experienced traders.

  Restricted Regions:

  While Webull is primarily focused on U.S. clients, it also serves customers in select international markets. However, users from certain countries may face restrictions on account opening or trading specific assets.

  Available Customer Support Languages:

  Webull offers customer support in English and Chinese, with multiple channels including email, live chat, and phone support. However, users have reported mixed experiences regarding the responsiveness and effectiveness of customer service.

  

Ratings Overview (Revisited)

Category Rating (out of 10)
Account Conditions 9
Tools and Resources 8
Customer Service and Support 7
Trading Experience 8
Trustworthiness 9
User Experience 8
Additional Features 7

  

Detailed Breakdown of Ratings

  Account Conditions (9/10):

  Webull's lack of a minimum deposit requirement and commission-free trading structure make it highly accessible. The ability to open both cash and margin accounts adds to its appeal, although the latter requires a higher initial investment.

  Tools and Resources (8/10):

  The platform excels with advanced charting capabilities and a variety of technical indicators. However, the absence of in-depth research reports and analyst insights may limit its utility for long-term investors.

  Customer Service and Support (7/10):

  While Webull offers 24/7 support via email and live chat, user experiences suggest that response times can vary. Some customers have reported delays, particularly for complex issues.

  Trading Experience (8/10):

  The trading interface is user-friendly and designed for both novice and experienced traders. The inclusion of features like paper trading and advanced order types enhances the overall trading experience.

  Trustworthiness (9/10):

  Webull is regulated by the SEC and FINRA, and it offers SIPC insurance for customer accounts, providing a high level of security for investors.

  User Experience (8/10):

  The platform's clean design and intuitive navigation make it appealing to users. However, some may find the range of available assets limiting compared to more comprehensive brokerages.

  Additional Features (7/10):

  Webull's promotional offers and cash management features are notable, but the lack of certain account types and limited educational resources may deter some users.

  

Conclusion

  In summary, Webull is a solid choice for active traders and those looking for a commission-free trading experience. Its advanced tools and user-friendly platform cater well to a tech-savvy audience. However, potential users should be aware of its limitations, particularly regarding asset diversity and customer support. Overall, Webull stands out as a legitimate brokerage with a strong focus on meeting the needs of its users, particularly in the U.S. market.