Broker Summary
Summary of the broker
Overview of Webull
The rapid evolution of technology has had a tremendous impact on the way people engage in online trading. Webull Financial LLC has become one of the leading players in this market by developing a strong, technology-based solution designed for both novice and experienced traders.
Webull was established in 2016 and has set itself apart from the beginning as a leader in commission-free trading, as well as providing advanced analytical tools and an international market presence. Webull's commitment to product innovation and user-centric design has positioned it well to become a leading trading platform, offering users a highly functional, low-cost brokerage option.
As access to financial markets increases, platforms like Webull will continue to transform how people interact with stocks, options, futures, and cryptocurrencies. This article provides a detailed overview of Webull Financial LLC, including its history, services, regulatory status, trading terms, fees, user experience, and recent advancements. This guide will be informative for both individuals interested in creating an account and those who want to learn more about Webull's differentiating features.
History and Background of Webull
Webull Financial LLC was founded in 2016 by Wang Anquan, a former employee of Alibaba and Xiaomi, with the mission of developing a fully technology-enabled brokerage that would serve the needs of modern-day traders. Initially incorporated in China as Hunan Fumi Information Technology Co., Ltd., Webull Financial LLC was launched in Delaware in 2017, followed by the establishment of Webull's US headquarters in New York City.
In 2018, when Webull launched its trading app, it became a licensed broker-dealer regulated by the SEC and FINRA. Since then, many things have changed at Webull. The parent company, Webull Corporation, moved its corporate headquarters from New York City to St. Petersburg, Florida, and incorporated in the Cayman Islands in 2019. In 2022, Webull merged with SK Growth Opportunities, a South Korean SPAC, creating a framework for Webull to raise capital from foreign markets.
As of 2023, Webull provides its services beyond the United States and now supports users in countries such as Singapore, Australia, South Africa, Japan, the UK, and Indonesia. Webull would like to expand to become an international trading platform.
Investment Platforms of Webull
Webull offers platforms tailored to different investment strategies and needs. Users may download the Webull Desktop application for Microsoft Windows and macOS. Webull offers mobile applications for iOS and Android devices. Webull provides a web-based platform that users can access on any internet-enabled device. All platforms rely on advanced charting, real-time market feed updates, and custom screen layouts to deliver a seamless trading experience.
Types of Accounts and Investment Instruments
Webull offers a range of accounts to meet the emotional and financial needs of individual and family investors, as well as business investors. These account types include traditional and Roth Individual Retirement Accounts (IRAs), Custodial Accounts (UTMA/UGMA), and Corporate Accounts. By using a single platform, Webull allows users to consolidate personal, retirement, and business accounts in one location.
While Webull has a screen of information about most US stocks (both fractionally and fully), Exchange Traded Funds ( ETFs), Equity Options, Indexed Options, Futures, as well as Cryptocurrency (purchased using the Webull Pay App), users also have access to International Stocks for the purpose of diversifying one's investment portfolio, because Webull wants to connect with global investors.
Unique Features
First, no commissions on trades in stocks, ETFs, and options through Webull.
Second, users of Webull have access to over 50 technical analysis indicators and advanced charting tools.
Third, Webull offers its users access to real-time market data, including Level II quotes and NASDAQ Total View, all available directly in Webull.
Fourth, Webull has created a paper trading (simulator) platform for users to practice trading before investing real money.
Fifth, Webull has included social trading capabilities available to all users, allowing them to share experiences, create leaderboards, and access other traders' thoughts and insights.
Sixth, Webull allows users to invest at regular intervals, helping them practice discipline as they grow their portfolios.
Regulatory Compliance and Licensing
Several authorities regulate Webull due to its operations in countries including the US, Mexico, Spain, the UK, and others. The regulatory environment of multi-layer supervision ensures that Webull can provide its customers with the highest standards of security, transparency, and protection while trading with it.
Regulator | License Type | License Number | Jurisdiction | Status |
|---|---|---|---|---|
SEC | Broker-Dealer | 8-69978 | United States | Active |
FINRA | Broker-Dealer | CRD# 289063 | United States | Active |
NFA | Futures Commission Merchant (FCM) | 0436102 | United States | Active |
IIROC | Dealer Member | 289063 | Canada | Active |
SFC | Licensed Corporation | CE: BOC190 | Hong Kong | Active |
MAS | Capital Markets Services License | CMS101000 | Singapore | Active |
FCA | Regulated Firm | FRN: 979776 | United Kingdom | Active |
ASIC | Australian Financial Services License | 506056 | Australia | Active |
FSCA | Financial Services Provider | 49712 | South Africa | Active |
Conditions for Trading and Technology for Trading Platforms
Conditions For Trading
Webull offers competitive trading conditions to attract both long-term investors and active traders. The Webull platform offers commission-free trading on Stocks/ETFs/Options, and Futures Trading has a lower per-contract commission. Additionally, margin trading can also be done with leverage limits that comply with regulatory standards.
Aspect | Details | Notes |
|---|---|---|
Stocks/ETFs Spreads | $0.01–$0.03 | Varies by market and liquidity |
Options Commission | $0.00 | Spread depends on underlying asset |
Futures Commission | $0.50–$1.00 per contract | Varies by contract (e.g., E-mini S&P 500) |
Margin Leverage (Stocks) | Up to 4:1 | Regulation T limits |
Margin Leverage (Options) | Up to 2:1 | |
Futures Leverage | Varies (e.g., ~10:1 for E-mini S&P 500) | |
Minimum Deposit (Cash Account) | $0 | |
Minimum Deposit (Margin/Options Account) | $2,000 |
Webull's platform provides a solid foundation with all the tools traders need to execute trades effortlessly. The web application supports multiple monitors, uses advanced charting tools, provides real-time data feeds, and offers many additional features. The mobile application has an easy-to-use interface that allows quick access to purchases or sales, as well as setting up alerts and notifications via a fingerprint scan instead of your phone number or email address. The web platform has full functionality and doesn't require you to download anything. You can access it from any device.
Some of the other unique technological features offered by Webull include: Level 2 Market Data (e.g., NASDAQ TotalView and NYSE OpenBook), customizable watchlists, over 50 technical indicators, and social trading tools that enhance the community feel. Webull also offers extended trading hours, enabling traders to execute trades during pre-open and after-hours sessions.
Fee Structure
One of the features that sets Webull apart from other brokers is its transparent fee schedule, which includes very low trade execution fees. Webull eliminates many of the traditional trading fees, making it appealing to cost-conscious traders. Below is the complete breakdown of Webull's fee schedule.
Fee Type | Amount | Details |
|---|---|---|
Deposit Fees | $0 | No fees for bank transfers, ACH, wire (incoming) |
Withdrawal Fees | $0 (ACH), $25 (wire outgoing) | No fee for ACH; wire transfers cost $25 per transaction |
Inactivity Fees | $0 | No inactivity fees |
Account Maintenance Fees | $0 | No annual or monthly fees |
Paper Trading Fees | $0 | Free simulated trading |
Futures Commission | $0.50–$1.00 per contract | Varies by contract |
Wire Transfer (Incoming) | $0 | No fee |
Wire Transfer (Outgoing) | $25 | Per transaction |
Check Requests | $10 | Per check |
Account Transfer (ACATS) | $0 (incoming), $75 (outgoing) | No fee for incoming transfers; $75 for outgoing |
User experience & market reputation
Webull is known for its user-friendly website and advanced mobile trading platform, with over 23 million registered users and almost 5 million financed accounts at the end of 2024, making it a serious competitor among brokers. The web/mobile platform receives particularly high praise for being easy to use (intuitive) while offering many features.
Many users appreciate the advantages of commission-free trading, real-time stock prices, and extended trading hours. However, some customers have reported occasional platform glitches and limitations on when they can contact customer support (generally, customer service is only available during market hours, via phone and chat).
Although Webull does offer some social-based trading features, the educational materials available on the platform are limited compared with those of other brokerage firms.
Pros of using the Webull Trading Platform:
Commission-free trades
Advanced charting options
Real-time stock price updates
A strong mobile app
There are no account maintenance fees.
Cons of using the Webull Trading Platform:
Limited customer support hours
Occasional platform outages
Fewer educational resources.
Recent Updates
Webull is an evolving company that will continue to grow through 2024 and 2025. In 2024, Webull also established a separate app for its crypto trading division, now branded as Webull Pay, to enhance the security of digital currency trading for customers and improve the overall experience for those who trade digital currencies.
In 2024, the State of Tennessee placed a ban on using Webull for State Government devices due to ongoing regulatory challenges and issues found in specific areas. At the same time, Webull has been expanding into new markets, including Japan, the UK, and Indonesia.
In 2025, Webull registered with the SEC to increase the number of Class A Ordinary Shares it could issue to the public, indicating That It intends to raise additional capital to continue expanding.
Webull has invested in Security and Compliance Programs to continue building on its market success; through its Compliance Program, it intends to preserve its reputation with customers and the financial community and to help ensure that Webull complies with the ongoing regulatory tightening in the financial services industry.
Final Thoughts
Webull Financial LLC is a modern, innovative brokerage firm that focuses on providing low-cost trading and high-tech solutions while rapidly expanding its global presence. Webull's many account types and diverse offering of commission-free trading and advanced analytics tools make Webull an excellent option for various types of investors. However, Webull has several areas for improvement, including Customer Support and Educational Services. Due to its aggressive growth, Webull will continue to grow within a highly competitive financial services industry by focusing on compliance with applicable regulations.
For traders looking for a trading platform that offers a multifaceted experience and a user-friendly interface, while providing access to the Worldwide market with cutting-edge features, Webull should be your choice!
Regulatory Licenses
Compliance & oversight
FSATier 3Regulated
Account Types
Trading account options
No Account Types
Account type information is not available for this broker yet.
Funding Methods
Deposit & withdrawal options
ACH TransferFree Deposit
Domestic Wire
International Wire
Debit Card
Live Spreads & Trading Costs
Compare real-time spreads on major currency pairs
Spreads are the core trading cost with Webull: the difference between the bid and ask price you pay on every trade. Tight, stable spreads on major pairs like EUR/USD, GBP/USD and USD/JPY mean lower costs for scalpers, day traders and long-term investors alike.
- Live spread table for six major currency pairs, refreshed every few seconds
- Excellent / competitive / high ratings so you can benchmark Webull at a glance
- Bid, ask and pip-change data to estimate your real cost per trade
Spread data is indicative and for comparison purposes only
Social Presence
Digital community engagement
Corporate Network
Enterprise structure & relationships
WEBULL FINANCIAL LLC
Registration
6421082
Established
2020-03-04
Webull Securities Co., Ltd.
Registration
6010001121276
Established
N/A

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