Webull is a Chinese company with offices in China and New York, and offers a platform for trading stocks, options and ETFs.
This community-driven platform is focused on a great mobile trading experience, with sleek interfaces on the web, desktop and a mobile application that gives a consistent user experience.
As a broker, Webull has no minimum deposit and does not charge fees for withdrawals or deposits unless made by wire transfer.
There are no commissions on stocks, options or ETFs, and no contract fees on options.
Webull makes its money through interest rates on margin accounts, and these range from 3.99% up to 6.99% depending on trading volume.
The web and desktop platforms are similar in layout and are quite simple to customise so users can create an interface that works for them.
There are charting tools available, and a unique ‘Market Replay’ feature that can show the market activity over a certain time frame.
Research comes from news headlines, consolidated analyst ratings, a screener and a community-led private Twitter feed, where clients can comment and react to news and price movements, as well as predict future movements.
The mobile platform works in much the same way, with fully optimised apps for both iOS and Android which makes for an almost seamless user experience across all devices.
For new traders, there is not much in the way of education other than some basic articles, but there is a virtual portfolio that can be used to practice new trading techniques.
Although Webull has a limited portfolio of US-based stocks, the commission free trading is a great draw for many users.
Stocks can be traded on NYSE, NASDAQ and AMEX markets, and there is also the opportunity to buy fractional shares – a proportional amount of a share starting from as little as $5, which is great when you want to buy a share that might cost a couple of hundred dollars for one share.
