Webull Review – The Best Free Stock Trading Platform For Beginners? (Free Stock Worth $8 to $1,000 Bonus)
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One of the basic financial pillars is making good investments, and the internet offers a myriad of online brokers and investing platforms to choose from. Unfortunately, the overwhelming number of options means that it’s a challenge to choose the best investment tool for your needs.

Some platforms have user-friendly interfaces that even novices will love, while others seem designed to give even an accountant a headache. Some platforms offer straightforward investment products, while others have all the bells and whistles that would interest more experienced investors.

Given the options out there, which investment app did I choose?

Introducing Webull

I decided to go for Webull, a commission-free broker app that allows you to trade stocks using a mobile device, be it Android or iOS. While other platforms offer similar services, Webull stands out because it combines a well-designed user interface, cool features, and investment research.

*This article is sponsored by Webull*

Established in 2017, Webull Financial, LLC created a mobile app in response to the growing need for online investment solutions. The company launched the app in the second quarter of 2018.

Currently, Webull is offering a free stock worth $8 – $1000 to anyone who successfully opens a free account through this link (click here) and makes an initial deposit of $100 or more. From now until August 9th, you can receive another free stock (valued $2.5 – $250) if you finish the account open process within 24hours of starting it. 

How Webull Works

Once you’ve registered a new account with Webull, expect to wait for a few hours before the platform approves and activates your account. As soon as this happens, you can transfer money to your Webull account and start investing.

If you wish to avail of ACH’s free transfer, you need an account with a US bank. Aside from an electronic transfer, you can also move your money by wire transfer, but it would mean paying additional fees. U.S transactions are charged $8 per deposit and $25 per withdrawal. If you have a non-U.S. bank account, you can only transfer the funds in via international wire. Transactions for international are charged $12.5 per deposit and $45 per withdrawal.

You can start trading stocks as soon as your money is safely in your Webull account. Take advantage of Webull’s free trades of 5,000 stocks and ETFs (exchange-traded funds).

As I’ve mentioned, Webull platform is accessible via the mobile app that works for both iOS and Android devices. If you prefer to access your account via your computer or laptop, you can use a beta version of the desktop app (but only for trading).

The best part? Opening and maintaining a Webull account is free. While margin trading on the platform requires a minimum balance, regular trading does not. The platform currently allows you to trade stocks and ETFs, but cryptocurrency or options are unavailable.

Is Webull Safe?

Not only is Webull registered with the SEC, but the company is also part of FINRA and SIPC (Securities Investor Corporation). Take note of the latter, as these affiliations mean that Webull’s customers get protection for investments up to $500,000.

As added insurance, Webull is covered by the Apex Clearing Corporation, with protection up to $150 million worth of securities and cash. To find out more about this insurance, please go to the Webull Help Center.

Webull Features

1. Real-Time Data

Webull is best known for its investment research, which was the focus of the platform before the company started to offer trading functionality. As a Webull user, you get access to real-time data on US markets free of charge. However, if you wish to look at international markets, you’d need to pay a monthly fee.

Why is it crucial to get real-time market data? Given how quickly the market can change, having up-to-date and accurate data allows you to make the best trading decisions. Without real-time data, you won’t be able to take advantage of microtrends. What’s worse, you can lose money if you trade based on outdated information.

2. Extended Trading Hours

Like most businesses, the US stock market has specific operating hours: Monday through Friday, 9:30 AM to 4:00 PM Eastern Time. It’s no surprise that a lot of online investment platforms limit trading within this period.

In contrast, Webull allows users to trade several hours before and after the stock market is open. Currently, trading is available on Webull Monday through Friday from 4:00 AM to 8:00 PM Eastern Time. This lets you grab opportunities like buying stocks based on pre-market reported earnings or selling stocks right after the closing bell.

3. Trading Simulator

Afraid to lose your hard-earned cash? The Webull app has a nifty feature that’s perfect for rookie investors: the onboard trading simulator. Using fake money, you can try doing a test run on stock trading with the Webull app’s stock trading simulator. This way, you can experience firsthand how the platform actually works, particularly the various order types.

4. Commission-Free Short Selling

If you’re considering short selling, you’re in luck as you can take advantage of Webull’s commission-free short sales setup. For the unaware, short selling means you earn by “betting” against the performance of a stock. If the stock goes down in value, that’s good news for you. Take note that Webull is one of the few online platforms out there that offer short selling. However, short selling requires a Webull margin account with a minimum balance of $2,000 as of this writing.

What Makes Webull Unique

What differentiates Webull from the other trading apps out there, like Robinhood? Both platforms offer mobile apps that are convenient to use, and they both have commission-free trading for stocks and ETFs.

While Robinhood is fairly a simple app with basic trading features, Webull real strength is in in-depth reporting and research. This is evident in the real-time market data and updates as well as its robust analysis tools. Webull users have access to a financial calendar, comprehensive charts, and ratings by analysts. So if you’re a technical trader then Webull is the go to choice.

Timing is another thing to consider. Since Webull lets you trade for longer hours, you can make the most of market opportunities. Plus, the platform’s 24/7 support gives you peace of mind that help is always on call.

How To Create A Webull Account

Signing up for Webull is fast and easy. All you need is your mobile phone number or email address. Click here to get started

Once that is done, download the Webull from the app stores (available on both Android and iOS) then type in the usual information required by investment brokers. These include your complete name, address, SSN, investment preferences, and employment. The platform would also ask you for a photo of a valid ID. Webull ensures confidentiality by encrypting users’ personal information and making sure that they are never shared.

As mentioned, first-time Webull users can avail of a free stock worth between $8 and $1,000. To get this benefit, the new user must also deposit at least $100 as an initial investment within 30 days the account getting approved.

>> Click here to get started <<

Conclusion

I’m satisfied with Webull and what it has to offer. The app does everything I need. Plus you can’t beat Webull’s free services, especially commission-free trading! Combined with real-time data reporting and detailed analysis tools, Webull offers a suite of services that stands out in the industry. This platform is an excellent choice for investors who wish to do stock or ETF trading conveniently and securely.

Sign up now to Webull brokerage account (click here) to earn a Free Stock worth between $8 – $1,000, and enjoy unlimited free trades with no minimum balance requirement.

 

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