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Why Use WeBull?

Webull is a relatively new stock broker offering zero commission trading. Webull is positioned as a viable alternative to Robinhood. The question is – how do they stack up? Read this in-depth review to see if Webull is a good fit for you.

Webull is a mobile app-based brokerage offering an enhanced trading platform with commission-free trading. As part of the mobile fintech wave of zero-commission brokerage competitors to Robinhood, Webull stands out with its suite of innovative platform improvements which appeal to a broader spectrum of experienced traders and self-directed investors. The design of additional features certainly accommodates users looking for more depth in terms of tools and data.

Webull Financial LLC is a Finra registered broker-dealer located in New York and licensed to operate in 53 states. The entity was established in May 2017 and received SEC registration status approval in January 2018. CEO Anthony M. Denier brings his 15-years of professional global brokerage service experience derived from eight firms ranging from ING Financial to Credit Suisse.
There is no minimum deposit to open an account for regular trading. Margin trading requires a minimum account balance of $2,000. If balance/value falls under net value of $2,000, then forced liquidation will be implemented.


Webull offers commission-free trading for over 5,000 U.S. stocks and ETFs with no charges to open or maintain and account. Webull does not currently offer options trading. There are no account maintenance fees or software platform fees. However, SEC and FINRA fees along with margin rate fees will apply to trades.


U.S. market data is free and real-time. International markets data require fee-based data subscriptions accessible through the app.







5 comments:

  1. I utilize WeBull on a daily basis and really enjoy the application. WeBull is 100% better than Robinhood.

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  2. I started reading articles on this site a few months back and I was considering going with WeBull but just wasn't sure. I have been rubbed the wrong way with other stock brokers. Glad to see this one makes the cut here. Now I have more peace of mind moving forward with them. I just want to say that I really appreciate the stock education and OTC trading information you supply to readers here for free. I may not always comment but I am always reading.

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    Replies
    1. Jim your welcome, I’m just trying to change the trading community one day at a time. I feel giving back what I can for free is best for everyone.

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  3. Great article, this is kind of the thing we said " too good to be true" then never try or engage with it. Thank you for your research, will definitely give it a try.

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  4. Indeed, way better than Robinhood! Very nice to know that many other people think the same, or take the same decisions! Thank you for improving the trading community!

    ReplyDelete

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