Webull Review (2025): Powerful Tools with no Commissions?

After several months of using Webull, I’ve gained a clear understanding of its performance. This review covers:

  • How Webull’s commission-free model compares to competitors
  • The functionality of its trading tools and platform features
  • Supported markets, account types, and customer support quality
  • Whether Webull suits your trading style and goals

While Webull shines in mobile trading and user experience, it has notable gaps in market variety and customer support responsiveness.

Let’s dive in.

Webull, a Zero commission Broker Driven by Technology

Webull has rapidly become a popular choice in online trading with 20 millions registered users globally. It offers commission-free trades, useful analytical tools, and an easy-to-use platform that works well for both beginners and experienced traders.

About Webull:

Founded on May 24, 2017, and headquartered in New York City, Webull operates under SEC and FINRA oversight, ensuring a compliant trading environment. The company is registered with 6 Self-Regulatory Organizations across the U.S. Webull Financial LLC is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Webull’s low-cost, self-directed trading platform has fueled its growth, appealing to investors seeking affordable options.

Pros
Commission-free trading on stocks, ETFs, and options
Competitive rates on futures
Advanced charting and technical analysis tools
User-friendly across all platforms
Free paper trading available
Cons
Higher fees for cryptocurrency trading (separate platform)
Fewer asset classes available for trading
Limited research vs competitors
Investment Options & Markets
80 %
Commissions & Fees
93 %
Trading Platform
90 %
Trading App
93 %
Tools & Resources
80 %
Fast facts
$0 Account Minimum
3.75% APY Interest Source: Webull on uninvested Cash
No Inactivity Fee
User-friendly Mobile, Web, and Desktop Platforms
Commission-Free Trading on ETFs and Stocks, but PFOF
Futures Fees: $0.25 to $1.50 per Contract
$0 per Contract (with $0.55 Fee for Index Options)
Competitive Margin Rates
Cryptocurrency Trading available via separate Webull Pay App
Primarily available in the U.S., Mexico, and some APAC countries
Cryptocurrency Trading available via a separate Webull Pay App
Source: https://www.webull.com/pricing
Disclaimer

Trading carries significant risks, including the potential loss of your initial capital or more. Most traders lose money, and trading is not a guaranteed path to wealth. Products like FOREX and CFDs are complex and involve leverage, which can magnify gains and losses. CFD trading is banned in many countries, including the United States.

Who is Webull For

Webull is an excellent platform for tech-savvy beginners and intermediate traders who want a mobile-first trading experience without compromising on advanced tools. Its standout feature is zero-commission trading on stocks, ETFs, and options—a major selling point. It’s worth noting that Webull, like many commission-“free” brokers, uses payment for order flow (PFOF) to generate revenue, which makes the exact execution of your order price less reliable.

The platform delivers a powerful experience across both desktop and mobile, with advanced charting tools that include over 50 technical indicators—on par with offerings from larger brokers. For day traders, Webull provides the option to subscribe to Level 2 Market Data, offering deeper insights into market depth to help inform trading decisions. Additional features like IRAs, watchlists, alerts, stock screeners, and a practice account for paper trading round out its robust toolkit.

However, Webull isn’t without its drawbacks. The platform lacks support for mutual funds, bonds, and forex trading, which may deter investors seeking broader diversification. While Webull offers crypto trading, it doesn’t allow users to transfer coins off the platform—a notable limitation for serious crypto enthusiasts who prioritize self-custody.

Webull shines brightest for active, short-term traders who value a user-friendly and customizable platform that performs equally well on mobile and desktop. Options traders will appreciate its low fees, though they might miss the comprehensive research tools found on other platforms.

For intermediate traders who have outgrown basic apps but aren’t ready for the complexity of advanced trading systems, Webull strikes a perfect balance. It’s less suited to hands-off, long-term investors or those seeking extensive educational resources. But for its target audience, Webull offers a compelling mix of features that firmly establish it as a strong contender in the world of online brokers.

Webull, a Quick Overview

Minimum deposit
$0
There is no minimum deposit to open an account, making it accessible for traders with any budget.
Types of accountsIndividual brokerage accounts and IRAs, catering to both standard and retirement-focused investors. 
Investment Options and Tradable Markets
80%
Stocks, Etfs, Index Options, Options, Futures, Cryptocurrencies.
Forex Trading is not available on Webull
Commission and fees
95%
Stocks and ETFs: $0 commission
Options: $0 commission
Cryptocurrency: 1% spread
Trading platform
90%
Instantly accessible – sleek design, intuitive interface, and packed with tools & features.
Mobile app
95%
Mobile app is modern, smooth, and robust, offering a powerful trading experience right in your pocket.
Trading tools and resources
80%
The platform excels with its charting tools and stock screener but falls short in educational content.
Paper trading account
Yes
Available on both desktop and mobile, Webull offers a paper trading for risk-free practice.
> Read our guide on how to use it
Customer reviews
1.4/5 on Trustpilot
Despite its popularity, Webull faces criticism, particularly for poor customer support, with many reviews highlighting slow response times and service issues.

Investment Options and Markets

Webull offers a solid range of investment options and markets to U.S traders:

Trading InstrumentAvailabilityDescription
StocksWebull offers commission-free trading of U.S. stocks with real-time market data and extended trading hours.
Fractional sharesAllows trading of fractional shares starting at as little as $5, enabling trading of high-priced stocks.
ETFsProvides access to a wide range of ETFs for diversified investments; all ETF trades are commission-free. *Regulatory and other fees may apply
OptionsStock and ETF options can be traded without any contract fees or commissions. For index options, there is a charge of $0.55 per contract. Additionally, oversized option orders will incur an extra fee of $0.10 per contract.
FuturesFutures trading is available on competitive rates and margins.
ForexWebull does not offer forex trading services.
CryptocurrenciesAvailable through a separate platform. > Visit Webull Pay
CommoditiesAvailable through ETFs or Futures.
CFDsCFDs are not available, as they are not permitted in U.S. markets.
Margin TradingOffers margin accounts with competitive rates compared to E*trade
Short SellingShort selling is available for eligible securities within margin accounts.
Automated TradingWebull does not natively support algorithmic trading or provide APIs for automated strategies.
International MarketsLimited access to international markets through American Depositary Receipts (ADRs) and certain foreign stocks

Trading Platform

Webull offers a comprehensive trading experience across multiple platforms, catering to both desktop and mobile users. Let’s dive into the features and functionality of each:

Desktop Platform

Available as both a web-based and downloadable application, the platform offers a range of customizable tools that cater to novice and experienced traders alike.

While the platform has a stocks-centric appearance by default, it’s versatile enough to accommodate various asset classes. Users can easily search for other markets, including options and cryptocurrencies, using the search bar. Adding instruments to your watchlist is as simple as clicking the star icon next to the symbol or name.

One of Webull’s standout features is its highly customizable interface. The platform uses a widget-based system, allowing users to:

  • Drag and drop widgets to create their ideal layout
  • Add, remove, and resize widgets as needed
  • Create multiple tabs for different trading strategies or asset classes
  • Toggle between light and dark themes for comfortable viewing
Noteworthy

Take advantage of Webull’s paper trading feature to familiarize yourself with the platform’s tools and test trading strategies without risking real capital. This is particularly useful for options traders looking to practice complex strategies.

Webull’s charting tools are robust, offering:

  • Multiple technical indicators
  • Several chart types (candlestick, line, bar, etc.)
  • Drawing tools for trend lines and Fibonacci retracements
  • Customizable time frames
  • The ability to trade directly from charts

While not as extensive as the best charting software, Webull’s capabilities will satisfy most traders’ needs and surpass those of apps like Robinhood.

Webull supports a variety of market order types to suit different trading strategies:

To place an order:

  1. Click on the asset you want to trade
  2. Choose “Buy” or “Sell”
  3. Select your order type
  4. Enter the number of shares or dollar amount
  5. Set any additional parameters (e.g., limit price, stop price)
  6. Review and submit your order

For extended hours trading, make sure to toggle the “Include Extended Hours” option when placing your order.

Mobile App

Webull’s mobile app offers a comprehensive trading experience with five main tabs: Feed, Watchlist, Markets, Portfolio (Webull logo), and Menu.

Besides a few confusing icon choices, navigating the app is straightforward. We recommend new users adjust their notification settings immediately as leaving notifications at default can result in an overwhelming number of emails, texts, and banner alerts which can quickly become stale.

Tab NameKey Features
FeedFunctions like a Twitter-style social platform within Webull. Users can create posts, follow others, and engage with content. Offers trending topics and popular groups (e.g., “Options Talk”).
WatchlistCreate multiple lists of securities you’re interested in. Easily track the performance of stocks, ETFs, and cryptocurrencies.
MarketsView performance of major U.S. indexes, cryptocurrencies, and global markets. Access analytics like advancers/decliners, earning surprises, and net inflow. Explore IPO Center, top gainers/losers, and most active stocks. View options performance and industrial heat map.
Portfolio Tab (Webull logo)View total account value, cash balance, and market value of investments. Access detailed breakdowns of positions, profits/losses, and performance charts. Compare your portfolio performance to major indexes.
MenuAccess account-related features and settings. Claim free shares from promotions. Switch to paper trading mode. Change app theme (including dark mode).
Additional FeaturesReal-time stock quotes (with subscription options for additional exchanges). Set up customizable alerts for stocks, options, and crypto. Access to paper trading for risk-free practice.

One of the strengths of the app is the watchlists, which are clean and detailed. In vertical view, they are simple and straightforward, but switching to horizontal view reveals extensive price data and fundamentals. Clicking on a stock provides direct access to detailed information and charts.

The app’s smooth scrolling, pinching, zooming, and drawing functions surpass many other apps of rival brokers. 

Trading Tools & Resources

Market Scanners/Stock Screeners

Webull’s stock screener is more than just a basic filter; it’s a powerful tool designed to help traders quickly identify trading opportunities that match their strategy. Whether you’re hunting for undervalued stocks or high-volume movers, Webull’s screener lets you filter by key metrics like market cap, P/E ratio, volume, and technical indicators.

What Sets It Apart: Unlike many screeners, Webull allows for real-time data integration, so you’re not basing your decisions on yesterday’s information. This can be a game-changer for day traders who need to act fast.

Charting

Webull’s charting is designed for traders who need to act fast. With over 50 technical indicators and customizable layouts, you can tweak your charts exactly how you want and execute trades directly from the chart, cutting down on time and friction. 

This setup keeps everything you need—data, analysis, and order execution—within reach, making it an ideal tool for active traders who rely on visual signals and fast action.

Order Types

Webull supports a variety of order types, including market, limit, stop, stop-limit orders and trailing. This flexibility allows traders to execute their strategies with precision.

Newsfeeds & Third-Party Research

Webull’s newsfeed is a strong resource for staying informed with real-time updates from reputable sources directly within the platform. It aggregates news from major providers like Seeking Alpha, Reuters, Benzinga, NASDAQ, and TipRanks, ensuring that traders have access to diverse perspectives and timely insights. 

This feature is particularly valuable for traders who need quick access to market-moving news without switching between multiple platforms.

Education

Unlike many brokers, which offers structured courses and videos, Webull’s education is limited to basic guides and occasional webinars, which may leave newer traders seeking more.

Webull Commissions and Fees

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. 

While Webull passes these fees directly to you as a client, in full transparency, make sure to check Webull’s pricing page to stay aware of regulatory fees that apply, so you’re never caught off guard.

Customers are allowed:

– Free: ACH transfers for deposits and withdrawals

– Fee-based: $8 per deposit via wire transfer and $25 per withdrawal via wire transfer

To avoid unnecessary costs, stick with ACH transfers instead of wire, which can add up over time.

Webull Customer Reviews

With over 20 million users worldwide, Webull is widely adopted, but its Trustpilot rating tells a different story. Scoring 1.4 stars from 214 reviews, Webull is criticized for slow customer service, lengthy response times, and issues with withdrawals.

However, it’s crucial to weigh this feedback against the bigger picture: satisfied users rarely leave reviews, making complaint sites a magnet for frustrated voices. While the critiques highlight genuine issues, they represent only a tiny fraction of Webull’s massive user base. Here’s a glimpse of what some traders have said:

  • Customer Service Issues: “Almost 3 days later, their ‘shortly’ has not materialized. Very difficult to get help.”
  • Slow Clearing Times: “They have the longest clearing times and the worst customer service.”
  • Bank Compatibility Problems: “Tried multiple checking accounts, none accepted. Service is now useless.”

Final Thoughts

Webull stands out with its zero-commission model, advanced charting tools, and real-time data, making it a go-to platform for active traders. The mobile app is particularly impressive, offering a user-friendly, feature-rich experience that puts critical trading tools at your fingertips, making it ideal for trading on the go. 

However, Webull’s limited range of assets, especially beyond stocks and ETFs, and ongoing customer service issues remain significant drawbacks. If you’re a self-sufficient trader who prioritizes advanced mobile functionality and cost-effective trading, Webull delivers. But for broader asset choices and reliable support, you may need to look elsewhere.

FAQ

Is Webull Safe?

On the regulatory front, it’s solid with SEC and FINRA oversight providing essential safeguards. Your investments are protected by SIPC insurance, covering up to $500,000 in securities. The platform itself is generally stable, though it’s not immune to occasional hiccups during high-volume trading days.

What are the fees associated with Webull?

Webull offers commission-free trading for stocks, ETFs, and options. Cryptocurrency trades have a 1% spread. There are no account minimums, and ACH transfers are free. Wire transfers incur a fee.

How does Webull compare to other brokers?

Choose Webull if you prioritize sophisticated tools over simplicity or comprehensive support. Robinhood is better for beginners, while ETRADE offers a solid middle ground. Pro tip: Test Webull’s advanced features risk-free with paper trading before diving in with real money.

author
Othmane Bennis

Othmane holds a Master's in Financial Analysis and has passed the Level 1 of the CFA Program. He brings several years of experience in reviewing and editing finance-related content.

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