Company Summary
| WebullReview Summary | |
| Founded | 2005-05-08 |
| Registered Country/Region | United States |
| Regulation | Regulated(FSA) |
| Market Instruments | Stocks, Options, Index Options, Futures, ETFs, OTC, Shares |
| Demo Account | N/A |
| Leverage | N/A |
| Spread | N/A |
| Trading Platform | Webull(Mobile, Web, and Desktop) |
| Min Deposit | N/A |
| Customer Support | Email: support@webull.com |
| Phone: +1(888)828-0618 | |
| Facebook, Instagram, Twitter, Instagram, LinkedIn | |
Webull Information
Webull Financial LLC is a FINRA-registered broker-dealer that provides access to various opportunities across global financial markets with free commission including stocks, ETFs, and options. The broker also provides six accounts and a proprietary trading platform.
Is Webull Legit?
Webull is authorized and regulated by the Financial Services Agency(FSA), with License No. is 関東財務局長（金商）第48号 and the License Type is Retail Forex License, making it safer than unregulated. This is inconsistent with Webull's claim that it is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) and there is suspicion of regulatory concealment.
What Can I Trade on Webull?
Webull offers various investment products, including stocks, options, index options, futures, ETFs, OTC, fractional shares, and more.
| Tradable Instruments | Supported |
| Stocks | ✔ |
| Options | ✔ |
| Index Options | ✔ |
| Futures | ✔ |
| ETFs | ✔ |
| OTC | ✔ |
| Shares | ✔ |
Account Type
Webull provides six account types:
Individual: Select from either a cash or margin account.
IRA: We offer Roth, Traditional, and Rollover IRAs. Traders may also open managed versions of these accounts.
Futures: used for trading futures contracts.
Advisor: Webull Smart Advisor account provides six different diversified portfolios made up primarily of ETFs. It starts with a minimum deposit of $100. Traders must be a permanent resident of the United States and be at least 18 years old to open a Webull Smart Advisor account and use Webull's services.
Entity: Entities may open an account to manage investments, conduct trading, or hold financial assets.
Joint: Clients can choose between a cash or margin account, and options trading is also available for joint accounts.
Trading Platform
Webull provides a proprietary trading platform compatible with Mobile, Web, and Desktop.
Copy trading is also available, a way for inexperienced traders or followers who dont have the time to do extensive research or want to diversify their portfolio to copy the trades of experienced traders (also known as money managers or copy trading gurus).
| Trading Platform | Supported | Available Devices | Suitable for |
| Webull | ✔ | Mobile, Web, and Desktop | All |
Deposit and Withdrawal
Traders can fund their Webull Smart Advisor account via ACH, wire, or for some clients, from the existing Webull Financial account. ACH deposit daily limit for ACH deposits is $50,000. ACH withdrawals typically take 2-3 business days to process and appear in your bank account.
There is no limit on the amount you can deposit through a wire transfer. Domestic wire transfers can be completed same day, but are typically completed within 1-2 business days. International transfers may take up to 5 business days. Incorrect details may lead to the transfer being reversed and could incur extra fees.
Wire fees:
Outgoing domestic wire fee is $25.
Outgoing international wire fee is $45
Returned outgoing wires will incur a $30 fee per transaction.
Debit card transactions are generally processed within a 30-minute timeframe.
FX7005239942
Thailand
Use it for trading every day, but the platform often freezes, not very stable. Confused with it. Support sometimes responds, sometimes doesn't. Severe slippage.
Exposure
แอดแอ่ดแอ้ด
Thailand
The worst in all three worlds, in what aspects? Let me tell you. Opened an account, registered for NNID, waited 2 days. Entered the account number to withdraw money—1 day. Live chat? Messaged them but got no response. Ended up deleting the app because the 'live' chat wasn’t live at all. Tried depositing 100 baht—when depositing 5, it went into the account immediately. But... Fate doesn’t seem to be working out. Tried to withdraw, but they deducted a 20-baht service fee. So, deposited more to withdraw, but 4 hours later—dead silence. Charged 20 baht for terrible service. Whether it’s chat or email, no response anywhere. There’s even a number to call staff directly—should’ve just called right away, easier. Honestly, one time is enough. Let’s never meet again.
Exposure
洪玉2726
Japan
The broker was introduced by a friend. I want to withdraw but can't contact anyone. It only shows the withdrawal was unprocessed. The customer service can't be contacted either. I don't know how and ask whom to solve it.
Exposure
Arctant vecy
Malaysia
Webull's got legit regulators and user-friendly account options, so I didn't hesitate to trade with them!
Positive
FX1669545234
Netherlands
What I like the most is the spreading cheaper compare to the other broker but there is need to improve a little bit that can make it more convenient when it comes during withdraw the money. If possible allow us to withdraw money directly to any card that we use to me deposit either credit or debit card. Other than that so far so good.
Neutral
FX1448000683
Hong Kong
I've heard about Webull from my buddies, and they seem to be pretty legit. However, I didn't choose them because they don't offer forex trading, which is a bummer. But overall, my friends have had good experiences with them, so they might be worth checking out if you're interested in other types of trading.
Neutral
千秋伟业：积少聚多
United Kingdom
The company's website looks great, there are no commissions, no minimum deposit requirements, and it offers a wide variety of trading instruments. But I didn't find a demo account, so I dare not deposit money rashly.
Positive