Webull Review 2023: Advanced Investing & FREE Stocks

Webull is the latest online broker that offers commission-free trading. 

They’re an affordable option to make passive income and say they have great investment tools, but is it really worth your time?

In my Webull review, we are going to cover everything you need to know about getting started with Webull and how you can invest in it.

And when you open a Webull account today, you’ll get up to two free stocks!


Get smart tools for smart investing to earn more for your future.

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Webull Review

Who is Webull?

Webull is a mobile trading app that offers free stock trading.

Founded in 2017, launched in 2018, and based in New York City, Webull provides completely free trading in thousands of stocks in ETFs.

Webull specifically targets more intermediate to advanced traders, particularly technical traders, as it offers a wealth of tools for technical analysis.

The mobile app can be downloaded to Apple and Android devices. They also offer a desktop version of their platform that can be reached on any web browser.

No money is required to open an account, but there is a $2,000 minimum for margin accounts to access leverage and shorting and $25,000 for unlimited day trading.

The company is privately owned and funded by venture capital. But it already has a massive user pool of over 10 million users.

How Does Webull Work?

Minimum initial investment: $0 for a Cash Account, or $0 to $25,000 for a Margin Account, depending on features and functionality you want access to.

Account types available: Individual taxable accounts and traditional, Roth, and rollover IRAs.

Available investments: Stocks and exchange-traded funds (ETFs); no foreign stocks

Geographic availability: United States of America

Clearing agent: Apex Clearing

Trading hours: Regular market trading hours, as well as pre-market hours (4:00 am to 9:30 am) and after-hours (4:00 pm to 8:00 pm), all times Eastern

Mobile App: Available for both IOS and Android devices

Customer service: Support can be contacted by email, live help in-app and by phone.

Account protection: Provided by the Security Investors Protection Corporation (SIPC) for up to $500,000 in securities and cash, including up to $250,000 for cash.

Webull Offerings

Features that most brokerages charge for are absolutely free with Webull. Which is one of the reasons we really love the platform.

News, real-time market data, analysis tools, and trading commissions are all free.

There are a few features that do come with a fee, which I will talk about in further detail below.

The following features are all included in the app.

Technical indicators:

Exponential moving averages
Bollinger Bands
Money Flow Index

Investment research tools:

Press releases
Analyst recommendations
Historical EPS
Revenue data
Insider holdings and transactions
Financial calendars
Stock screeners
Watchlist and alerts

Misc features you won’t find on larger platforms:

Margin trading
Extended-hours trading
Customer service (email, chat, phone)

From our experience, Webulls customer support is top-notch. Anytime we have reached out we have gotten prompt help and guidance right away.

Account Fees

All trading is commission free like we mentioned above.

There are a few premium features that do have a fee associated with them. You can review all of those features here.

Signup With Webull

Webull is currently giving new users a gift of up to two free stocks.

First, you can get one free stock valued from $2.50 to $250 if you open a Webull brokerage account.

Second, you can get another free stock valued from $12 to $1,400 if you initially deposit at least $100.

Webull Alternatives


Robinhood is for the total beginner, which many of my readers love.

But as you get more into trading, you’ll find that Robinhood is lacking a lot of tools to make well-informed investment decisions.

Webull offers an intuitive trading simulator which is an amazing feature that Robinhood lacks.

Webull’s trading simulator called Paper Trading in their app.

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.

Check out my side-by-side comparison in my Webull Vs. Robinhood Review.


Is Webull safe and legitimate?

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).

Can I really make money on Webull?

Webull offers many ways for you to invest so you can make money.

You can invest in stocks, ETFs, options, and crptyocurrency.

However, how and if you make money depends on your investment choices.

Investments always carry risk, and some investments may do better than others.

You need to do your research to pick good investment options and watch them for good dividends and returns.

Is Webull a good investment platform for beginners?

While Webull is low-cost, it may not be the ideal platform for new investors.

It has more advanced tools that beginners may struggle with and can find frustrating.

Webull does have tutorials and educational material to bring you up to speed, but it isn’t as self-explanatory as Robinhood.

Final Thoughts

If you’re looking to get started trading stocks, Webull has a signup bonus with two free stocks along with unlimited commission-free trading.

There are only a select few platforms offering commission-free trading currently.

On top of that their app is robust and packed full of features to help guide you with your investments.

However, if you’re looking for a long-term investment strategy and platform we believe Betterment is a better option.


Get smart tools for smart investing to earn more for your future.

Get FREE Stocks Here

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