From time to time Webull holds competitions. While paper trades don’t involve real money, you can win real prizes when you participate. This is great for new investors but also useful for experienced investors looking to test out new strategies. Paper trading, or simulated trading, lets investors practice buying and selling stocks without risking actual money. Good screeners usually cost at least a few dollars per month, so having a solid one built right into the platform is a valuable benefit. Webull’s stock screener allows you to filter for basic company information like EPS (earnings per share), P/E ratio (price to earnings) and market cap, as well as more complex technical indicators. A good screener can help you identify stocks that you were unlikely to find on your own, which can help you diversify your portfolio. There are thousands of stocks, and access to a good stock screener can help narrow down your investment options. Access to extended trading hours lets investors react immediately to news and events that happen outside of regular trading hours, such as earnings filings. Webull offers full extended hours trading, both pre-market (4 a.m. What sets Webull apart from the pack is its terrific suite of analysis tools and extra features. But today, there are an increasing number of commission-free trading platforms available. Not too long ago, that would have been a revolutionary concept. Webull Tools and Featuresįirst, let’s state what should be obvious: you can use Webull to buy and sell individual shares of U.S. When you make a single initial deposit of any amount (even if it’s just one cent) within 30 days, you’ll get a second free share - this one worth between $7 and $3,000. Once approved, you’ll link a bank account from which to fund your Webull account.īe sure to use this link to create your account and get a free share of stock (valued at up to $300). The process can take up to a few days, but often happens within just a few minutes. Once you’ve provided the necessary information, you’ll wait for your account to be verified. Next, you’ll have to provide a government-issued ID number and upload a photo of that ID. For example, shares of Walmart have high liquidity because there’s always someone who will buy them.) (Note that “liquidity” refers to how easily you can convert a given asset into cash. As part of the process, you’ll be asked a few questions to help determine your level of investing experience and financial goals, including how long you plan to invest, what you would do if you lost 10% of your portfolio, and how important liquidity is to you. ![]() There’s no minimum deposit for a regular trading account, but for margin trading you must maintain a balance of at least $2,000. In order to open a Webull account, users must be at least 18-years-old and have a valid Social Security number. If you can use the platform without becoming overwhelmed by the wealth of available data and features, these educational tools can offer valuable learning opportunities. The platform offers free trading courses, as well as a trading simulator (aka “paper trading”) that allows you to test out strategies and learn how the market works without actually risking your money. ![]() With that said, novice investors might also want to check out Webull. On the other hand, Webull provides access to a ton of technical information (much of which you would normally have to pay for) that will appeal to intermediate and advanced investors. Robinhood aims to help beginning investors get into the stock market, and as a result its app is simple and streamlined. However, the list of features above is the primary point of differentiation between the two platforms. Later in this review we’ll compare Webull to Robinhood, its main competitor. Both the desktop version and app version offer a robust suite of useful tools, including: Webull’s platform has appeal beyond its commission-free trades. Webull is owned and operated by the Chinese firm Hunan Fumi Information Technology Co., and is a registered broker-dealer with the SEC as well as a member of FINRA and SIPC. The company was founded in 2016 and the Webull app debuted in 2018. There are no fees to open an account, no account maintenance fees, and no software platform fees. Webull is a mobile brokerage app (which also has a desktop version) that offers zero-commission trading of individual stocks, exchange-traded fund (ETF) shares, options, and cryptocurrencies. ![]() Comparison Table: Webull, Robinhood and M1 Finance.
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