WeBull Honest Review 2025: The Best Investing App?

Introduction

Webull has quickly become one of the most popular commission-free trading platforms, often compared to Robinhood. But is it the right broker for you? Whether you’re a beginner investor or an experienced trader, Webull offers advanced charting tools, extended trading hours, and zero-commission trades on stocks, ETFs, and options. But it’s not without its downsides! In this review, we’ll break down everything in this honest review you need to know about Webull, including its features, pros & cons, and how it stacks up against competitors.

Choosing the Right Broker: How Does Webull Compare?

With so many online brokers available, finding the right one can feel overwhelming. Webull has gained popularity for its commission-free trading and advanced charting tools, but how does it stack up against competitors like Robinhood, Fidelity, and TD Ameritrade?

Whether you’re a beginner looking for an easy-to-use platform or an experienced trader seeking powerful analytics, each broker offers unique strengths and weaknesses. Below, we break down the key differences between Webull and its top competitors, helping you decide which platform best suits your investing needs.

Now, let’s dive into the comparison:

For a proper comparison, you can check out other blogpost on the 7 best online brokers for beginners by clicking the button below!

What is WeBull?

• Overview of Webull’s history and company background
• Webull’s mission and target audience
• Types of assets you can trade (stocks, ETFs, options)

Webull Corporation, founded in 2017 by former Alibaba Group employee Wang Anquan, is a digital investment platform that has rapidly expanded its global presence. Initially established as Webull Financial LLC in Delaware, the company launched its U.S. operations in 2018 and has since extended its services to regions including Asia-Pacific, Europe, and Latin America. As of 2024, the Webull app boasts over 40 million downloads and serves approximately 20 million registered users worldwide.

Webull offers a comprehensive suite of investment products, enabling users to trade stocks, ETFs, options, and cryptocurrencies. The platform is renowned for its user-friendly interface, advanced market data, and professional-grade trading tools, catering to both novice and experienced investors.

Type of Assets You Can Trade

On Webull, you can trade a variety of assets, including:

1. Stocks – Buy and sell shares of publicly traded companies.
2. ETFs (Exchange-Traded Funds) – Invest in diversified portfolios of stocks or bonds.
3. Options – Trade call and put options on individual stocks and ETFs.
4. Fractional Shares – Invest in portions of high-priced stocks with as little as $5.
5. American Depository Receipts (ADRs) – Invest in foreign companies listed on U.S. exchanges.

These asset classes make Webull a versatile platform for both beginner and experienced traders.

---

Webull Features & Tools (What You Need to Know)

Commission-Free Trading – Trade stocks, ETFs, and options without paying commissions, keeping more of your profits.

Advanced Charting Tools – Get access to professional-grade charts with customizable indicators and overlays to refine your trading strategy.

Extended Trading Hours – Trade before the market opens and after it closes, giving you more flexibility and opportunities.

Paper Trading – Perfect for beginners! Practice risk-free with a simulated trading account before putting real money on the line.

Fractional Shares – Invest in high-priced stocks like Amazon or Tesla with as little as $5—perfect for small-budget investors.

Margin Trading – Borrow money to trade with leverage, amplifying potential gains (and risks). Margin rates vary based on your balance.

Research & Analysis – Stay informed with real-time market news, earnings reports, and analyst ratings to make smarter investment decisions.

Webull Fees and Costs

When it comes to trading on Webull, one of the standout features is its no-commission policy on stocks, ETFs, and options listed on U.S. exchanges. But here’s the catch—while Webull doesn’t charge you directly, with any brokers, there are still some unavoidable regulatory and exchange fees that you need to be aware of. 

Platform Fee: $0

Account Minimum: $0

Withdrawal Fee: $0

Webull does not charge any membership fees or settlement fees.

Webull Pros & Cons

How to Open an Account on Webull

---

How to Open a Webull Account (Step-by-Step Guide)

The video above by Ryan McGregor tells you step-by-step how to set up an account on WeBull.

• Getting started with Webull is quick and easy. Follow these steps to open your account and start trading:

Step 1: Download the Webull App or Visit the Website

• Go to Webull’s official website or download the Webull app from the App Store (iOS) or Google Play Store (Android).
• Click on “Sign Up” to begin the registration process.

Step 2: Create Your Webull Account

• Enter your email address or phone number and create a secure password.
• Webull will send a verification code to confirm your identity.

Step 3: Provide Your Personal Information

• Webull requires some personal details to comply with financial regulations:
  ✅ Full name
  ✅ Date of birth
  ✅ Social Security Number (SSN) or Taxpayer Identification Number (for U.S. users)
  ✅ Residential address
  ✅ Employment status and financial background

---

What Investor Should Choose WeBull?

• Intermediate Investors: Webull isn’t as advanced as Interactive Brokers, but you can do more than you can on Robinhood, a main competitors.
• Active traders: If you’re hoping to get more out of your investing than a buy-and-hold strategy, Webull could be a good choice.
  

---

Webull Summarised

---

Investment selection

Although Webull provides a strong platform for active traders, it falls short in offering certain common securities like mutual funds. This limitation can make it more challenging for investors looking to build a well-diversified retirement portfolio within an IRA.

Bond investors have limited options, as Webull only supports Treasury bonds and bond ETFs. Additionally, the platform charges 0.1% of the bond’s face value for Treasury trades—a rate that is higher than what many competing brokers offer.

On the positive side, Webull allows investors to buy fractional shares of select stocks and ETFs. It also provides access to commodities and futures trading, along with some of the lowest margin rates in the industry, ranging from 5.74% to 9.74% at the time of the last update.

---

Is WeBull Safe & Legit?

When considering an online trading platform like Webull, it’s essential to assess its safety, regulatory compliance, data privacy measures, and user feedback. Here’s an up-to-date overview:

Regulations & Security

• Regulatory Oversight: Webull Financial LLC is a registered broker-dealer in the U.S., regulated by the Securities and Exchange Commission (SEC) and a member of the Financial Industry Regulatory Authority (FINRA).
• Investor Protection: Client accounts are protected by the Securities Investor Protection Corporation (SIPC), covering up to $500,000, including a $250,000 limit for cash claims. Additionally, Webull’s clearing firm, Apex Clearing Corp, has purchased an extra insurance policy providing coverage up to an aggregate of $150 million, with specific limits per customer.

Data Privacy

• Information Collection: Webull collects personal information such as email addresses, phone numbers, and, when necessary, government-issued identification to comply with financial regulations.
• Data Usage: The collected data is used to provide and enhance services, send notifications, and assess potential risks. Webull emphasizes that it does not share personal information with social media platforms without user consent.
• Security Measures: Webull employs industry-standard security protocols, including advanced encryption and real-time monitoring, to protect user data from unauthorized access and cyber threats.

Customer Reviews & Ratings

• User Feedback: While Webull has a significant user base and offers a range of features, some users have raised concerns about its ties to Chinese entities and data privacy practices. In 2024, a coalition of state attorneys general launched a probe into Webull over user privacy issues and concerns about the company’s links to Chinese interests.

In summary, Webull operates under U.S. regulatory oversight, offers standard investor protections, and implements robust data security measures. However, potential users should be aware of past regulatory actions and ongoing discussions regarding its ownership structure and data privacy practices.

Conclusion

Webull offers a feature-rich trading experience with zero commissions, powerful charting tools, and extended trading hours—making it a great choice for active traders. However, it lacks some of the in-depth research tools found in more traditional brokerages. If you’re looking for a low-cost trading platform with advanced features, Webull is worth considering! Ready to start trading? Sign up for Webull today and explore commission-free investing.

---