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Webull

Regulated
United States
,
Since 2017
Last Updated:
19/100
Overall Score

Trading Conditions

Min Deposit:
N/A
Max Leverage:
4
Account Types
Standard Account

User Reviews

Total Reviews
This Month
Avg Rating

Funding Methods

8 methods

ACH Transfer

bank transfer
3 days
Fee:
Free
Fee:
Free

Domestic Wire

wire transfer
1 days
Fee:
$8
Fee:
$8

International Wire

wire transfer
2 days
Fee:
$13
Fee:
$13

Debit Card

debit card
1 days
Fee:
Free
Fee:
1.8%

Bank Transfer (EFT)

bank transfer
1 days
Fee:
$1
Fee:
$7

Credit Card

credit card
hours
Fee:
Free
Fee:
Free

E-wallets

e wallet
hours
Fee:
Free
Fee:
Free

Crypto

crypto
hours
Fee:
Free
Fee:
Free

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 4%, 2: License 33%, 3: Software 0%, 4: Spread 0%, 5: Account Type 0%, 6: Symbol 0%
Regulation
4%Poor
License
33%Poor
Software
0%Poor
Spread
0%Poor
Account Type
0%Poor
Symbol
0%Poor

Company Information

Full Name:Webull Financial LLC
Founded:2017
Headquarters:United States
Enterprise Offices:2offices

Customer Support

Phone:
+1 (888) 828-0618
Live Chat:
business_hours
Response Time:
Languages:
English
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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

1 license
Japan
FSATier 3
Japan#Kanto Local Finance Bureau Director (Kinsho) No. 48
License Details
Type:Retail Forex License
License #:Kanto Local Finance Bureau Director (Kinsho) No. 48
Status:Regulated
Validity
Effective:N/A
Expires:N/A
0
Tier 1
1
Countries
0
Offshore

Account Types

Trading account options

No Account Types

Account type information is not available for this broker yet.

Funding Methods

Deposit & withdrawal options

9 methods
ACH Transfer
Bank Transfer3 min
Deposit
Fee:Free
Min:N/A
Max:USD 50,000
Withdrawal
Fee:Free
Min:N/A
Max:USD 50,000
Reversal fee: $5 for deposit, $30 for withdrawal; provisional cash up to $1,000 available for trading while deposit settles
Domestic Wire
Wire Transfer1 min
Deposit
Fee:USD 8
Min:N/A
Max:N/A
Withdrawal
Fee:USD 8
Min:N/A
Max:N/A
Fee charged by bank, not Webull; faster than ACH
International Wire
Wire Transfer2 min
Deposit
Fee:USD 12.5
Min:N/A
Max:N/A
Withdrawal
Fee:USD 12.5
Min:N/A
Max:N/A
Fee charged by bank, not Webull; may incur intermediary bank fees
Debit Card
Debit Card1 min
Deposit
Fee:Free
Min:N/A
Max:N/A
Withdrawal
Fee:1.75%
Min:N/A
Max:N/A
Withdrawal only; fee taken from cash balance; US only
5
Free Deposit
9
Instant
1
Crypto

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
View live spreads for Webull

Spread data is indicative and for comparison purposes only

Global Domains

Worldwide web presence

1 site
🌐
https://www.webull.com/
Unknown
Active
SSL
1
Active
1
Countries
100%
SSL

Social Presence

Digital community engagement

5 platform
Scroll to see all 5 platforms

Corporate Network

Enterprise structure & relationships

2 entities

WEBULL FINANCIAL LLC

United States
active

Registration

6421082

Established

2020-03-04

Webull Securities Co., Ltd.

Japan
active

Registration

6010001121276

Established

N/A

Comments

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