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Zero commissions
Access to entire US stock market and fractional share accessibility
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Webull review 2023

Investing options: 3.4

Platforms & usability: 3.6

Products, markets, & assets: 3.9

Safety & reliability: 3.1

Deposits & withdrawals: 4.2

Research & analysis tools: 3.2

Fees & costs: 4.0

Education & learning resources: 3.6

Webull review Summary

Updated: Jun 29, 2023
10 min read
WeBull is a discount broker offering access to US stocks, ETFs, options, cryptocurrencies, and OTC markets at zero commissions

WeBull is a beginner-friendly platform geared towards the tech-savvy younger generation. It offers various account types like IRA and Roth IRA, which are tax efficient and allow for early retirement planning. This, along with extensive charting tools and tons of educational resources, create a starting point for beginners to access the stock market. Use this review to learn more about the platform and if its the right choice for you.  

What is WeBull?

WeBull is a US-based discount broker founded by an ex-employee of Alibaba, Wang Anquan, in 2017. Geared primarily towards beginners, it allows its investors access to the US stock market along with instruments like ETFs, cryptocurrencies, and options, all at zero commissions.

It does not make any money on spreads and only makes money via margin interest, stock loans, and sale of order flow.

It has extensive charting functionality, tons of educational resources, and the ability to access both pre-market and after-hours markets in the US.

WeBull markets, assets, and options

What assets and products can you trade on WeBull?

WeBull offers access to major US stocks like Apple, NVIDIA, AMD, Tesla, and Amazon, among others.

Regarding crypto, it offers 58 coin pairs with USD, including Litecoin, Bitcoin Cash, and Chainlink. Options are also available on all US securities.

Cryptocurrencies58 coins
More Webull product information >

What leverage trading options are there?

WeBull offers leverage only to accounts with $2,000 in margin equity at the previous day’s close.  Accounts with margin equity less than $2,000 receive no leverage. 

The maximum leverage offered is 1:4, but it varies from stock to stock and is indicated in the app on the stock page at the transaction time. 

Kindly note that beginners should treat leverage trading with extra risk and caution.

ProductMaximum leverageMargin
CryptocurrenciesNo leveraged trading option
Webull available leverage >
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What are the spreads?

WeBull offers access to the US stock market and does not have its own spreads. It does not make commissions from spreads.

Fees, limits, and payment options on WeBull

What are the deposit and withdrawal fees, limits, and speeds?

WeBull offers only two payment modes: Automated Clearing House (ACH) and Wire Transfer. It does not charge commissions on ACH, but does charge a hefty fee on deposits and withdrawals. 

There are no limits and payment speeds range from 24 hours to 2 working days.

Payment methodDepositWithdraw
– min/max
– fees
– speed
24 hours
24 hours – 2 working days
Wire Transfer (Domestic)
– min/max
– fees
– speed
$8 per deposit
24 hours
$25 per withdrawal
24 hours
Wire Transfer (International)
– min/max
– fees
– speed
$12.5 per deposit
24 hours
$45 per withdrawal
24 hours
Further payment options >

How much are WeBull’s fees and commissions?

WeBull is a zero-commission broker and does not charge any commissions to trade. 

It makes its money from stock loans, interest on credit-free balances, margin interest and order flow payments. 

WeBull does, however, charge various regulatory and settlement transaction fees, which are common across the industry. Unlike most other brokers, it does not charge any inactivity fee, but it charges a flat $75 fee to transfer your account away from WeBull.

Fee typeFee amountCommission
WeBull CommissionNoneNone
Regulatory Transaction Fee$0.0000229*Total Trade Amount ($)None
FINRA Trading Fee$0.000130*Total Trade volumeOnly on sell side
Options Regulatory Fee$0.02915*No. of Contracts
Options Clearing Fee$0.02 * No. of Contracts
Webull fees >
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WeBull trade sizes and limits

WeBull does not impose any max limit on trade sizes. 

Minimum trades in fractional shares start from only $5, with maximum trade size limited only by money in your account. Minimum trade sizes in other asset classes depend on the asset’s price.

ProductMinimum tradeMaximum trade
Stocks$5No Limit
CryptocurrenciesVariableNo Limit
ETFsVariableNo Limit
OptionsVariableNo Limit
WeBull trade size information >

WeBull trading platform

What devices can I use WeBull on?

WeBull offers a desktop platform, a web platform, and a mobile app to trade with availability across iOS, Android, Windows, and Linux.

  • Desktop Platform (Mac/Windows/Linux
  • Web Platform (Mac/Windows/Linux)
  • Mobile App (iOS/Android)

Can I use WeBull in my country?

WeBull is a US-based broker with limited access across the globe. 

It is not available in Europe, the UK or Australia, but it is available in the USA, India, China and Japan, amongst others. Readers can select their country from the below list to see if WeBull is available to them.

  • USA
  • India
  • Japan
  • China
  • Korea
  • Malaysia
  • Brazil
  • Turkey
  • Philippines

Is WeBull available in my language?

WeBull is available in only two languages: English and Mandarin.

How easy is it to use WeBull?

WeBull is a discount broker based in the US geared towards the younger, more tech-savvy generation.

 It has a clean, intuitive design that retains its feel across its desktop, web, and mobile platform. 

WeBull has built its charting functionality from scratch and offers various technical analysis tools to complement the charting features available across various timeframes. There is also an extensive learning section on the website for beginners to get hands-on with trading and investing in the market.

Order placement is intuitive with colour coding, so the buy order is highlighted in green and sell in red. The platform also comes with a screener allowing users to monitor over 8,000 stocks quickly and easily.

Key features

WeBull is a young discount broker founded in 2017 offering access to the US stock market along with ETFs, options, cryptocurrencies, and the OTC markets. 

It is also equipped with IRA and Roth IRA account types, which are highly tax-efficient. Some of its best features are as follows:

Zero Commission

WeBull makes no commission on your trades and only charges regulatory fees for trading, making this an excellent broker for those who are active traders. 

This, combined with an IRA and Roth IRA account type and no inactivity fees, enable one to save for the long-term while keeping costs low, which is admirable.

Extensive Investor Protection

WeBull is a Securities Investor Protection Corporation (SIPC) member, ensuring each member for $500,000, including $250,000 in cash claims. 

Its clearing company, Apex Clearing, has purchased additional insurance of $150 million ensuring extensive investor protection in case of company failure.

Extensive Charting Functionality and Educational Resources

WeBull has built its charting functionality from scratch, offering multiple time frames and technical analysis tools. 

Additionally, it has devoted an entire section of its website to educational tools geared towards beginners covering everything from US stock markets to how to use the app and even going into some depth about option trading strategies.

Security and regulation

Is WeBull safe?

WeBull offers state-of-the-art security measures to protect your account with two-factor authentication, biometric login on mobile app, and separate passcodes for trading access.

Am I and my funds protected?

WeBull is a member of SIPC offering protection up to $500,000 per member, including $250,000 for cash claims. Its clearing firm Apex Clearing has also purchased additional insurance of up to $150 million, thus ensuring complete protection of your funds. 

Is WeBull regulated?

Yes, WeBull is regulated by the Securities and Exchange Commission in the USA and it is also a member of the Financial Industry Regulatory Authority (FINRA).

Do I have to verify my account with WeBull?

WeBull is regulated by the SEC and thus requires compliance with the SEC’s customer identification program. Meaning you have to verify your account with WeBull.

Among the things needed to do so are copies of your driver’s license, passport and/or other unexpired, government-issued identifying documents with a photograph.

Extra information

Educational resources 

WeBull has a whole section on its website devoted to educational resources. The Learn section covers the basics of US markets, stocks, investing, and even option trading strategies. 

Additionally, there are videos of various trading and financial topics made available as well.

Tools and charting

WeBull has its own charting functionality, which is excellent and available across multiple time frames with detailed technical analysis tools available for use. 

However, those looking for customisation in their charts and sophisticated tools will have to look elsewhere.

Customer support

WeBull offers customer support via telephone during market hours and an email address only. It has a poor overall customer support rating on Trustpilot.

Our verdict

WeBull is a Chinese stock broker based in the US, allowing traders access to US stocks, ETFs, options, cryptocurrencies, and the OTC markets. 

It is a beginner-friendly platform with easy signup, verification, and trading options.

It offers access to over 8,000 stocks, including fractional shares enabling one to trade with as little as $5. It charges zero commissions and has no spreads. 

The licensed broker is also well regulated and offers excellent investor protection. Besides this, it has plenty of educational resources and is an excellent platform for beginners to gain experience in trading and investing.

Professionals might want to steer clear, however, as it offers no leverage in their trading. Also, those looking for customisation in technical analysis and detailed charting features will find WeBull lacking. 

Its lack of payment options and high fees on deposits and withdrawals make for a challenging experience for some.

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How to open an account with WeBull

How to open a Webull account

You can open an account very easily with Webull and the process takes just a few minutes. Use the steps in the guide below to open an Webull account.

  1. Click on Sign up
  2. Provide a mobile number to which a verification code will be sent
  3. Enter the verification code in the text box provided on the website
  4. Fill in personal information, employment information, and financial information
  5. Verify your account by providing proof of identity and residence
  6. Choose an account type and submit your application

Methodology: How we reviewed Webul

When we review a platform we perform a series of tasks to judge how well the service performs compared to its peers. The tasks always include signing up to create an account, making a deposit and withdrawal, and placing a trade.

In addition, we assess the key features of the service. In this case, we included things like the trade assist feature in our final calculations. We also take into account online user reviews and use them to inform or final rating.

Each platform is giving a rating out of five stars based on all of this research. No company can influence the results in any way but we may receive a commission if you sign up via a link on this page.


Who owns WeBull?
How does WeBull make money?
Do I have to pay tax on WeBull profits?
Does WeBull offer CFD trading?
How do I sell on WeBull?
How do I delete my WeBull account?
How can I short on WeBull?
What if I forget my account password?
Can I transfer from my WeBull account into my PayPal account?
What if WeBull closes down while I have open trades?
Can I access my full trading history on WeBull?
Can I pay in cryptocurrency with WeBull?
Does WeBull offer bonuses?

Sources & references
Risk disclaimer
Theodor Tonca
Financial Writer
Theodor is a Financial Writer for Invezz, reviewing, testing and scrutinizing financial products. He is a former financial analyst and investment partnership founder with over 10... read more.