We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. Learn more
  1. Home
  2. Online Stock Brokers
  3. Webull Review

Webull Online Stock Brokers Review


ConsumersAdvocate.org Rating: 4.5 / 5 (Excellent)
Our content is free because we may earn a commission when you click or make a purchase using our site. Learn more.
Webull is an online stock broker based in New York City. It is a member of the Securities Investor Protection Corporation (SIPC) and focuses on delivering a completely mobile investing experience and transparent, fair pricing to all of its customers. Its platform is free for anyone to use.
 
View Top 10 List

How is Webull rated?

Breakdown

4.6/5
Investment Products
4.6/5
Features
4.6/5
Pricing and Fees
4.5/5
Customer Support and Reputation

Overall Rating: 4.5 / 5 (Excellent)

Webull is a smart option for those with a little experience in investing who are trying to minimize their fees. It's one of the few online stock brokers that doesn't charge any commission or annual fees for its services, but it also lacks the live support and educational resources found with some of the online stock brokers that do charge fees. But as it's free to use and explore all of its features, there's no reason not to give it a closer look to see if it has the features you're looking for in a stock broker.

Webull Features

Features - 4.6 / 5

Webull offers self-directed online brokerage accounts and traditional and Roth IRAs for the digital age. Users can manage their investments via mobile apps for Android and iOS devices. There are also apps for Windows and Mac computers. It doesn't offer financial advisors or all of the educational resources you find with some of the more established and robust online stock brokers, but its offerings are pretty competitive when you consider that it doesn't charge any commissions and has few fees in general.
Portfolio Management
Self-Directed
Investment Products
Stocks
ETFs
Types of Accounts
Brokerage
IRA
Roth IRA
Mobile App
Yes
Margin Lending
Yes

Financial Advisors

Webull does not offer any financial advisors at this time to assist customers with managing their investments.

Trading Tools

Webull's website includes market tickers and information on the stocks, exchange-traded funds (ETFs) and American depositary receipts (ADRs) available through its platform.

Broker Physical Locations

Webull is an online stock broker and does not have any physical locations.

Webull Fees and Commissions

Pricing and Fees - 4.6 / 5

Webull is one of the best options in the industry if you want to invest without being nickeled and dimed by fees. It doesn't charge any commissions and there's only a $20 minimum deposit to open an account. There's also no annual fee, inactivity fee, or account maintenance fee. Few other online stock brokers can match Webull in this regard, so move it up on your list if low fees are high on your priority list.
Trade Cost/Commission
$0.00
Minimum to Open Account
$20

Fees (Additional Info)

Webull does not charge commissions but the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) do charge fees on sell orders. There's an $8 fee for deposits via domestic wire transfers and a $25 fee for withdrawals via domestic wire transfers. These fees go to Webull's clearing firm, Apex, and not to Webull directly. The fees are $12.50 for deposits via international wire transfers and $45 for withdrawals via international wire transfer. There's also a $2.50 fee for each paper prospectus mailed to you and a $0.25 per-page fee for paper statements and confirmations.

Webull Financial Strength and Customer Experience

Customer Support and Reputation - 4.5 / 5

We weren't able to find much information about Webull from independent agencies like the Better Business Bureau (BBB), but it is a member of the Securities Investor Protection Corporation (SIPC), which protects securities customers of its members up to $500,000, so you shouldn't have to worry about any issues with the company's long-term stability. It doesn't offer any live support, so it may not be the best fit for those who are new to investing because there's no way to get fast help when you need it. Webull does offer email support, though, so you can reach out this way if you have any questions or issues with the platform.
SIPC Membership
Yes
Trust Pilot Rating
3.7 out of 5
Consumer Financial Protection Board (CFPB) Complaints
0
Live Help 24/7
No
Contact Methods
Email
Date Collected
2019-10-31

Company Profile

Full Name
Webull Online Stock Brokers
Company Website
https://www.webull.com/
Headquarters
44 Wall St., New York City, NY, 10005

Our Comments Policy  |  How to Write an Effective Comment

Leave a comment for Webull Online Stock Brokers
Minimum 12 words.
 No maximum length.
* What's Your Rating?
To make this comment as helpful as possible for our community, please provide at least 2 sentences.
Top Rated
Our Partner

Start investing with as little as $1

  • $0 Commission charge on stocks & ETFs
  • Offers fractional shares & U.S. Treasuries
  • New in 2024: Invest in a a portfolio of ten bonds with a minimum initial $1,000 deposit
  • Invest in alternative assets such as fine arts, royalties and luxury goods
  • Protected up to $500k on U.S. listed securities and cash up to $250k (SIPC Member)
READ FULL REVIEW >
Get App

Related to Online Stock Brokers