Even do Webull has few years in the financial market. However is one among of the popular stocks broker in US.
In this Webull review 2022, I will talk everything that you need to know about the platform including tradable assets, fees and commissions, security, core features, and many more
The webull trading platform can be access throught web, mobile app and desktop app install, the platform is very user-friendly with good graphic interface with different theme to choose. In addition to that the webull charge zero commission fees, for buying and selling digital assets. Which make them popular among other platform.The platform allow their user to buy on fractional ownership mean small investors can own some fraction percentage of popular assets with the little among their have as investment from $1per trade. However despite the webull is a free fees commission trading platform, webull charge their user $1.99 per month to access level II market data for trading stocks.Webull Pros and Cons
Pros:
· Trade thousands of stocks and ETFs
· Trade Cryptocurrencies and
· stock options trading
· 0% commission trading
· Very user-friendly with good graphic interface
· Accessible through website, iOS/Android mobile app and desktop install
· Regulated broker (SEC,FINRA,SFC)
· Very fast and easy account opening
Cons:
· Monthly charge to access level II market data
· Not supported for debit/credit cards or Paypal
· Not enough technical analysis tools for experienced traders/investors
· No commodity, indices, and forex trading facilities
· Poor Customer support response
· Only bank transfer for deposit/withdrawal
Webull Tradable Assets
Stocks
The webull platform allow their user to trade stocks in major exchange including NASDAQ, New York stocks exchange (NYSE) and American stocks exchange (AMEX).
Crypto
The webull has limited number of cryptocurrencies listed on their platform right now you can only have access to those listed below.
· Bitcoin (BTC)
· Dogecoin (DOGE)
· Bitcoin Cash (BCH)
· Ethereum (ETH)
· Litecoin (LTC)
· ZEC (ZEC)
· XLM (XLM)
ETFs
Webull allows their user to invest in ETFs all listed on either the NYSE or NASDAQ. You can invest in ETFs from $1 per trade.
Stock Options
Webull allow their user to trade stock options of US-listed based companies. Each option consists of 100 shares and you can trade on leverage to your position
Note that leverage mean you can trade with more than what you have in your Webull account.
Webull Fees & Commissions
Webull charge zero fees commission for their supported assets in their platform including: stocks, crypto, ETFs, and option. But it’s important to know that webull right now does not support trading forex, indices and commodities in their platform.
|
Fees Types |
Charges |
|
Wire Deposit |
$8 |
|
Withdrawal |
$25 |
|
Margin Rate |
Start at 6.99% |
It’s important to know that webull does not charge on account opening, ACH funding of webull
Account, and trading of stocks, options, ETFs, and cryptocurrencies
Webull User Experience
The webull platform are very user-friendly with novice and experienced traders/investors Both the Webull Website, mobile app and the desktop are user-friendly the app are design with different theme to choose from either lighter or darker colour. But the platform is may be too good for inexperienced traders/investors who only want to buy and sell or hold some assets, without needed any technical analysis before trading digital assets. The platform have few technical analysis tools.
Webull Charting and AnalysisThe Webull platform have good charting tools including line, area, baseline, candle, hollow candle Heikin Ashi, Bar and Colored Bar with good interfaces and multiple time frame to choose from. Interm of analysic the platform allow their user to access some most widely used technical indicators and Drawing tools. This includes Exponential Moving Average (EMA), Parabolic SAR, and VWAP, Keltner Channels, Ichimoku Cloud, and Bollinger Bands. In addition to that Webull will allow their user to access a stock screener to filter some digital assets on the Webull platform which can really Helpful to find a suitable equity to trade.
Webull App Account TypesThe Webull offer two types of account in their trading platform which including: cash account, and margin account
Cash Account
The Webull Cash Account is just a normal account for investment like you buy, sell and hold any digital assets with the little among you have as a principal capital.
Margin Account
The Webull Margin Account as the name implies margin mean you can buy and sell any digital assets
With more than what you have in your account. The minimum requirement for opening Webull margin
Account is $2000 deposition. If you want to engage in short-selling, you'll need the Margin Account.
You can have both a Cash Account and a Margin Account at Webull.
Webull App
The Webull mobile app is compatible with both IOS and Android drives the app are super good with
Awesome graphic interface and the app are user-friendly you can do everything within the mobile app.
The Webull app are available for user to download at google play store and Apple store.Webull Payments
The Webull trading platform allow payment only through ACH/Bank wire transfer and the bank wire transfer attract a transaction fees of about $8 for deposition and $25 on withdrawals. However, it’s important to know that the deposition process may be delay within 1-5 working days before credited to the Webull accounts. But there is no minimum deposition amount on the Webull platform.
Webull Bonus
The Webull platform offer two free stocks valued between $2.50 and $250 for opening and for deposition you will get another free stocks minimum value of $10.50 and maximum value of $1850
In their platform this attract many investors to invest in the Webull platforms. Also if you deposit not less than $100 the Webull will give you another free stock valued between $8 and $1600. Another way to need free stocks is by referral program mean if you are a Webull user you can Invited someone to opened the account with Webull and you earn free stocks for that.
How the referral program work, you will shared your unique link as an invitation to someone who Want to invest with Webull to sign up. By sign up using your referral link you will receive a free 2 stocks on for the first invitation while on the second invitation you will receive another more 8 free stocks. Then you will get 2 free stocks for the each subsequent invitation.
Webull Customer Service
Support team: Customerservices@webull.us
Support Contact Phone: +1(888)828-0618
Webull Safe and Security
The Webull platform are safe and security because the platform is unready regulated by financial regulators. The company resisted with FINRA and SEC. As a member of the SIPC, NAQDAQ and NYSE
How to Start Trading with Webull
Step 1: Register on Webull
Go to the Webull website and select to open an account. You'll be asked to provide some personal information such as your name, address, residency status, and telephone number.
After that the confirmation link will be send to your provided email during filling the information as provided.Then you need to click the link and confirm your email address and enter your social security number. This is how Webull is able to verify your identity.
Step 2: Link Bank Account
The Webull will require you to link your Bank account before you can make a deposit through ACH,
To Webull. Webull will send two micro-deposits to your bank account. This may take up to 48 or more hours to show up in your account. Once the two payments arrive, then you can go to your Webull account and enter the specific amounts of each deposit.Step 3: Transfer Funds
Once your bank account has been linked to Webull, you can proceed to make a deposit. The process of
Funding may take at least between 1 and 5 working days for the funds to arrive
Step 4: How to buy on Webull
After your Webull account has been funded then start buying some digital assets you wish to buy simply Go to the search box and Search for the asset you wish to buy and set up an order. It will require you to enter And confirm the position. When you click ok then your Webull investment is completed.
Step 5: How to Sell on Webull
Your investment will appear in your Webull portfolio. You can cash out at any time (during standard hours) at the current market rate. In doing so, the money will appear in your Webull Cash Account.RISK DISCLAIMERS
This website includes information about cryptocurrencies, (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money. knowaboutcryptocurrency.blogspot.com encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved. All contents on this site is for educational, and informational purposes only and does not constitute any financial advice. Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions. Knowaboutcryptocurrency.blogspot.com may receive compensation from the brands or services mentioned on this website at no additional cost to you.
Risk Warning: Trading CFDs on leverage involves significant risk of loss to your capital.
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