Today’s post is not specifically about insurance but is about personal finance, investing and stock trading applications.
I was inspired to put this article together after speaking with a number of my life insurance clients about building wealth and investing. Many of them are keen on trading stocks and were really excited to check out WeBull when I shared it with them, so I thought it would be good to publish this info on our blog for all of our readers who are interested in investing and trading stocks.
It’s not exactly news that people have been investing in stocks. After all, the New York Stock Exchange was established as a formal organization quite a long time ago in 1817.
Over the years, though, stock trading has become a lot more popular, and now there are a lot of different ways to invest in the market and you don’t need to hire a firm and pay expensive commissions to them to invest your money for you.
One of the most popular developments in trading stocks has definitely been stock trading apps, which have helped grow the stock market even more than it already was by letting anyone into the market with any amount of money to invest.
Aside from my 401(k) managed by a firm, I have been trading my own stocks since 2012 using an ETrade account until I recently took Webull for a test drive with $100 dollars and then funded it with $25,000 more. I really like Webull and I’m planning to consolidate all of my stock portfolios into this one app soon.
Webull is a stock trading app that is growing fast in popularity, as it offers plenty of benefits that other apps simply don’t. If you have any interest in the stock market, you should definitely check it out.
Today I am going to give my Webull review and answer every question you could have about Webull including the Frequently Asked Questions, is Webull safe, is Webull legit, is Webull good, is Webull a scam, and many many more in the table of contents below.
The short answer is, yes, Webull is safe and legit and a good stock trading app for beginners and advanced traders. I have 10+ years of experience trading stocks and I have personally put over $25,000 into my Webull account to fully test the trading platform. I’m now planning to consolidate all of my stock portfolios into my Webull account because of how much better the trading platform is compared to my ETrade account.
I think you will want to try their trading platform and take advantage of their promotion for 4 free stocks valued at up to $3,700 once you learn more about the Webull platform in this article.
Table of Contents
Webull Free Stock Promotion
The free stock promotion by Webull is legit. In fact, the Webull Free Stock Promotion is the best incentive program offered right now to get started trading stocks. It guarantees you 4 free stocks when you open a trading account and fund it with at least $100. These 4 stocks are valued at up to $3,700.
I also wrote this article on the Webull free stock promotion.
Is Webull Safe to Use?
The short answer is: YES, Webull is completely safe to use, regulated by the SEC and FCA like all of it’s competitors and is not a scam in any way.
Webull may even be SAFER and MORE SECURE than ETrade with options like Plaid for connecting to your bank account. Furthermore, it is so much easier to use and more powerful as a trading platform.
I’ve been trading stocks using E*Trade since 2014, below is a screenshot of my account called “Rellek Trading” which is my name Keller backward:
I actually opened my E*trade account in 2012 but I can’t find tax statements back that far. Regardless, in the last 10 years, ETrade has barely updated its trading platform’s interface. The User Experience is terrible. Even after 10 years I still have a really difficult time navigating the platform, finding information about my account, and executing trades efficiently.
I find Webull much easier to use with a much cleaner and better dashboard. Here is what my Webull dashboard looks like:
I like how I immediately see stock information for my “Watchlist” of stocks that I am watching and invested in. Overall, Webull is not only safe to use it is much easier to use and more user-friendly.
I have put nearly $30,000 into my Webull account and have had 0 safety or security issues or complaints with their product or customer service. I started with $100 to get the free stock promotion and learn about the platform. Since then I’ve put another $25,000 in.
Webull Financial LLC is regulated by the SEC and FCA just like eTrade, Fidelity, and any other stock trading platform. Using ACH deposit, funding and withdrawing from your account is completely free and easy to do. Making trades is also very seamless and can be done from a computer or a mobile device using either the iOs or Android WeBull mobile apps.
That being said, trading stocks and investing in markets involves risk and as you learn about investing and get ready to choose a stock trading app you will need to understand the inherent risk that comes with trading stocks.
That said, you definitely want to choose a reputable trading app that is safe to fund and use to trade stocks.
The Webull app is basically a very user-friendly simplified version of a stock trading platform specifically for mobile devices including both iOS and Android phones backed by a full-featured browser-based trading platform you can use on your computer.
Users can log in from a browser or download the app and make trades on the stock market directly from their phones. The app includes features such as the option to invest in any stock and watch the stock price rise and fall, as well as the option to invest in mutual funds that are sold by Webull. Webull is safe to use because it is regulated by the SEC and FCA. This ensures that Webull will always be operating within US law.
Here is a statement from Webull about the safety of the Webull trading app:
“Unfortunately, any stock trading app can be risky, and a lot depends on how the user takes advantage of the stock app. As a stock app trading company, we’re committed to helping our users make more money, and we’re constantly improving our trading app. We feel that Webull is a safe stock trading app, but we can’t emphasize enough that you should take precautions before you start trading. We’re dedicated to helping you avoid scams and get started trading with the best stock app possible.”
Here is a statement from BrokerChooser.com:
“Webull is considered safe because it is regulated by top-tier financial authorities and provides a maximum of $500,000 investor protection, including a $250,000 limit for cash under the Securities Investor Protection Corporation’s (SIPC) protection scheme.”
Here is my personal opinion on the safety and security of Webull, bear in mind I only have about 10 years of investing experience trading my own stocks on other platforms like ETrade and now using Webull for 1 month with about $25,000 to play with.
In my opinion, Webull is completely safe, secure, and insured to the same extent as all of it’s competitors. I have not been able to come up with one safety issue by using Webull to trade stocks. Furthermore, Webull is the lowest cost stock trading app with the best promotional offer to get started and includes really powerful market data and trading tools. You would think it was a simplified or watered down trading application due to the fact it is free to use, but it is more advanced and offers a more premium trading experience that its competitors don’t match.
Is Webull Good for Beginners?
Is Webull good for beginners? Webull offers a great way for beginner traders to get their feet wet. The app is easy to use and has a user-friendly interface. It also provides a mobile trading experience that’s second to none. With a user-friendly interface and a mobile trading experience second to none, Webull is great for beginner traders.
Webull provides online stock trading with share brokers, similar to ETrade, Fidelity, TD Ameritrade and Scottrade. Webull is always looking for what works well for their users and will continue to improve their mobile and web applications to make trading simple for beginners.
For the beginner trader without experience, with Webull you will be able to quickly learn how to analyze stock information and execute trades efficiently.
Webull is also great for intermediate and advanced traders. The Webull platform is plenty advanced and comes with Nasdaq Total View 2 data for free. The analytics and reporting are better than any other platform I have seen and I personally know investors who manage multi-million dollar stock portfolios using Webull.
Here are a few reasons why Webull is good for beginner investors:
- The app is user-friendly and presents the user with complex stock information in a way that is appealing and easy to view and understand.
- Webull is highly rated in the Apple App Store and Google Play store.
- Webull gives you free stocks when you open an account and fund it with just $100.
- Webull gives you free access to Nasdaq Total View for 3 months when you sign up, this premium subscription gives you great trading information that you wouldn’t get for free on other trading platforms.
- The platform is fast, easy to navigate, and simple to place orders for trades
Basically, as a beginner investor, the best thing you can do is start investing. Investing your own money is the best way to learn how to invest so that you can begin making an ROI on your money. Webull is good for beginner investors because they incentivize you to get started investing and they make it extremely easy and frictionless to trade stocks.
Additionally, the Webull platform is extremely user friendly and much better for accessing financial data and placing stock trade orders than other platforms that I’ve used for nearly 10 years like ETrade.
So, whether you are a beginner investor or an advanced investor, I highly recommend trying the WeBull stock trading app. Honestly, even novice traders and intermediate traders should at least try it out during the free promotion for a guaranteed ROI and opportunity to improve their trading platform. It provides the best user experience that I have found for trading stocks by offering the best app design, premium data on stocks, access to financial news and advanced reporting.
Is Webull Really Free?
Yes, Webull is free. You can buy and sell stocks for free with no commission fees. You can also withdraw your money to your bank account via an ACH transfer with no fees or you can opt to pay a small wire fee if you want to get the money into your bank account quicker.
Does Webull have a monthly fee? No, there is no monthly fee with Webull.
Does Webull have a signup fee? No, there is no signup fee for Webull.
Can You Make Money off Webull?
Yes, you can make money off Webull. In fact, right now when you sign up and make the minimum deposit
of $100 you are guaranteed to get 4 free stocks valued up to $3,700. This means you are guaranteed to make money with Webull. Then, once you start investing and trading stocks you can make more money from your stock trades.
Here are some of the ways you can make money with Webull:
- Day Trading
- Stock Trading
- ETF Trading
- Margin Trading
- Crypto Trading
- Options Trading
- Short Selling
- Commission Free Trading
- Extended Hours Trading
You can also open a Margin Account and you can even trade fractional shares or individual stocks in your Brokerage Account. As you can see, there are many ways to make money using Webull.
Can I Trust Webull With My SSN?
Yes, you can trust Webull with your Social Security Number.
You will be required to provide your Social Security Number to any investment brokerage that you want to trade stocks with. This is for purposes of verifying your identity and so that your account is tied to your social security number for tax purposes.
Which is Better Robinhood or Webull?
Webull vs Robinhood is a classic battle of the stock trading apps for beginners. You can check out our in-depth comparison of Robinhood vs Webull.
I choose Webull over Robinhood for the better sign-up promotional offer of 4 free stocks vs only 1 free stock. Webull also offers a more robust trading platform with more advanced market data. Webull offers more reporting and more features in its stock trading app.
While Robinhood has found success on the strength of its commission-free trading app, Webull has been making waves by offering a similar commission-free trading app in addition to a myriad of other advanced features. Webull also offers a much better sign-up promotion than Robinhood offering 4 free stocks for opening a new account versus only 1 free stock with Robinhood.
Both commission-free trading apps are unique because they offer the option to trade cryptocurrencies, which, while not a significant portion of the app’s usage, makes it stand out. The cryptocurrency offers is an important value-add for investors who use the app, especially given the volatility and potential for growth of the cryptocurrency market.
Overall, Webull offers more advanced trading data, a more robust trading platform, and a better promotional offer to open an account.
How Long Does it Take to Get Approved by Webull?
I was approved within 1 hour as most new applicants are. From there I made my initial deposit via an ACH transfer and that transaction took about 5 business days for my funds to settle in my Webull account.
Can I Withdraw Money from Webull?
Absolutely and it is free to do so. That is right, people asking, how much does it cost to withdraw from Webull, the answer is $0 it is free to withdraw your money using an ACH deposit into your bank account. You can also opt for a faster wire transfer but this option does come with a small wire fee.
Is Webull Better than Fidelity?
Yes, for beginner stock traders and investors, Webull is better than Fidelity. It is much easier to get started, trading is seamless and free, plus you are incentivized to start by receiving free stocks for opening a new account.
For older advanced traders who are already used to Fidelity, like my 65-year-old mother, I still recommend using Webull. With Webull you can quickly and easily make trades from your mobile device and when my Mom saw how easy it was she opened up an additional account with Webull. Now, she keeps this account funded in addition to her other trading accounts on other platforms like Fidelity. This way if she hears some important news or a hot stock tip from someone in her network she can quickly make a trade from her phone.
What are Webull Trading Hours?
For pre-market and after-hours trading, Webull allows you to trade between the hours of 4 am to 8 pm EST.
Closing Thoughts on Webull
So far I have really enjoyed using the Webull stock trading app.
It is my favorite stock trading app that I’ve used. I love the interface and user experience, it is so much cleaner and more modern than both ETrade and Fidelity which I have experience with.
The financial data is really clear and easy to access so I can quickly and accurately analyze stocks and execute trades efficiently. And of course, it is great that trading is completely free with $0 in commissions.
You can’t beat the Webull Free Stock Promotion they are offering right now either for 4 free stocks valued at up to $3,700 – that is literally free money.
If you have been interested in investing in stocks or wanting to consolidate your existing stock portfolios into one really easy-to-use stock trading app for beginners then I recommend using Webull.
I also wrote this article on the Webull free stock promotion.
