WeBull Review: How To Invest In Stocks (The Easy Way) (2024)

This is a post sponsored by WeBull. All opinions are my own.

Do you know how much can change in just 1 year? 1 year ago, I started investing and learning everything there is to know about retirement, investing, and trading stocks.

I’m not going to lie, it hasn’t been easy, but the more I learn, the easier (and more enjoyable) it gets!

Recently, I’ve been playing around with different investing apps and getting my hand in the game. I’ve always been intimidated by stocks, but I figured I have to start somewhere.

I started with Robinhood, and recently ventured out to WeBull, which lets new traders start trading stocks for free.

Today, we’re talking all about WeBull, a freestock trading app that makes it easy to invest in stocks all from your phone.

What is WeBull?

WeBull is a free commission tradingappwith many benefits and features that make it superior to similar trading apps.

WeBull is designed for intermediate and experienced traders, with many tools that beginner traders will enjoy as well.

It uses a commission-free structure that allows active and short-term traders to save a good chunk of money on commissions when compared to other online brokers.

There’s no minimum deposit to get started for regular trading. For margin trading, the minimum account balance must be $2,000+.

As an added bonuses, all new WeBull customers get free stocks.

If you’re ready to get started with WeBull, you can sign up for an account here. Once you deposit $100, you can get free stock worth up to $1,000.

What are the benefits of using WeBull?

  • 5,000 different stocks with commission-free trading
  • No deposit minimums
  • Free to open and maintain account
  • Full extended hours trading
  • In-depth analysis tools
  • Free access to Webull Desktop dashboard
  • Customer support 24/7

What I like about WeBull

For starters, WeBull is giving free access to things that other online brokers are charging for.

WeBull’s CEO Anthony Denier believes everyone should have an equal opportunity to control their financial future. Before, the only people that had access to this kind of trading platform was the ultra-wealthy or professionals.

Now, this platform is available for the everyday trader in the United States. The real-time market data platform, analysis tools, and zero commission trading are free for all users, allowing anyone to make smarter financial decisions.

You no longer have to make millions and millions of dollars just to get access to this kind of informational and trading platform. Pretty legit.

What I don’t like about WeBull

WeBullisn’t for the total beginner, but it does offer options that apps like Robinhood don’t have for the intermediateinvestor. I’ve been using Robinhood for a while and while I find that it’s been a great option, it is lacking some features that WeBull has.

WeBull is more hands on and lets you take advantage of different tools that aren’t usually accessible to the average person.

You can’t trade options with WeBull and Forex trading isn’t available, either.

Is my money safe?

WeBull is registered and regulated by the (SEC) Securities and Exchange Commission and the (FINRA) Financial Industry Regulatory Authority.

WeBull is also a member of the SIPC which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash).

How is WeBull is different from Robinhood?

As many of you are reading this, you’re probably thinking that WeBull sounds quite similar to Robinhood, but there are a few key differences worth mentioning.

Robinhood is for the total beginner, which many of you might like, but as you get more into trading, you’ll find that Robinhood is lacking a lot of tools to make informed decisions.

WeBull offers a trading simulator (Robinhood doesn’t) which is also beneficial (even for beginners!).

WeBull’s trading simulator called Paper Trading in their app eases the stress that comes from trading as a beginner. With the trading simulator, you can use simulated money to play around with the trading platform, and get familiar with the design and tools of the app.

How can I get started with WeBull?

  1. Sign up for a WeBull account here.
  2. Download the app on iOS or Android.
  3. Go to menu > “My Free Stock” > Click “Get It Now” which starts your registration and open a brokerage account.

That’s it! Getting started is really easy. When you sign up here, you get the option of depositing at least $100 and getting a free stock worth up to $1,000.

WeBull has an account opening promotion which offers a free stock valued rom $2.5-300, see the weekly updates about the activities.

Final thoughts

Overall, I think WeBull is a great option for anyone who wants to take charge of their finances.

Their technical abilities let the average millennial start investing in stocks for little cost. You can get started trading just a small amount and learn as you go with WeBull, all from your cell phone.

Don’t forget to sign up for the free resource library and get exclusive access to free printables & planners related to saving and making money, meal planning, and more!

Do you have any questions for me about WeBull?

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WeBull Review: How To Invest In Stocks (The Easy Way) (1)

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WeBull Review: How To Invest In Stocks (The Easy Way) (2024)

FAQs

Is Webull good for beginners? ›

Webull has some of the lowest fees among brokerages, without skimping on advanced trading tools. Despite the low costs, it may not be the best brokerage for beginners.

What is the downside to Webull? ›

Cons Explained

Limited range of tools for portfolio management: While Webull provides a lot of helpful tools for traders on its platform, portfolio management tools are lacking.

How to make money fast on Webull? ›

Stock Trading

Stock trading is the most fundamental way to make money on Webull. You can buy shares of publicly traded companies, hoping their value will increase over time. Webull offers commission-free trading, allowing you to maximize your returns without worrying about fees.

How much money do I need to start day trading on Webull? ›

You need to maintain a minimum of $2,000 of cash and/or marginable equity in a margin account to access the leverage (2X & 4X buying power). If your account value is $25,000 or more, you meet the criteria to be a pattern day trader. This means that you have unlimited day trades.

What is the minimum amount to invest in Webull? ›

Wondering whether Webull requires a minimum deposit to start trading? The good news is that Webull has no minimum deposit requirement, so you can easily start trading with as little money as you wish.

Do I actually own my shares on Webull? ›

The stocks in your Webull account are held in 'street name' through Apex Clearing. This means that the brokerage firm holds your securities in its own name or under another nominee, not directly in your name. However, they maintain records that identify you as the real or 'beneficial owner' of these securities.

Can you cash out stocks on Webull? ›

Yes. Once the free stock has settled into your account, you can sell it. From there, you can invest the proceeds from the sale into other stocks or withdraw the funds.

How much does Webull charge to buy stocks? ›

Stocks, ETFs, and Options on Webull are commission free, except for certain index options which are assessed a contract fee. Relevant and regulatory and exchange fees also apply. If you make a margin trade and hold the position overnight, you will be charged margin interest.

Can I trust Webull with my SSN? ›

Yes, you can trust Webull with your Social Security number. Webull uses top-of-the-line encryption to protect your data. In addition, the company's privacy policy states that it shares personal information, like Social Security numbers, only with third-party analytics companies such as Google Analytics.

Who is better than Webull? ›

Robinhood is the better platform for investing in cryptocurrencies as Webull no longer supports crypto-trading.

How much money is safe in Webull? ›

Webull Financial is a member of SIPC, which protects securities customers of its members up to $500,000 ($250,000 for cash claims). For additional information regarding SIPC, including obtaining a copy of a SIPC brochure, please contact SIPC at (202) 371-8300 or visit the SIPC website at www.sipc.org.

Is Webull or Robinhood better for beginners? ›

Like the overall platform, the mobile experience on Webull is more comprehensive than that of Robinhood. Beginning investors will be fine with the Robinhood mobile app, while those who delve into advanced technical stock and ETF trading, fundamental analysis, and options trading will prefer Webull.

How long does it take to start trading on Webull? ›

Instant buying power is made available to your account during the processing of your ACH deposit which can take 3-4 business days to settle. Therefore, it enables you to initiate trades prior to the completion of your ACH deposits. Only eligible accounts can trade stocks and ETFs with instant buying power.

Is my money in Webull safe? ›

Webull Cash Management service protects your funds through FDIC insurance. The uninvested cash in your brokerage account (cash intended for investing but that you have not yet invested) is swept to program banks, where it becomes eligible for FDIC insurance up to $250,000 per program bank ($1,250,000 in total).

What is the minimum deposit for Webull? ›

Good news: the minimum deposit to open a Webull account is $0. There are brokers that require as much as a couple of thousand dollars.

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