What do you look for when you’re shopping for an online stock brokerage? Some features that may come to mind include reliable customer service, security, a proven track record, and of course, competitive trading fees. (Don’t we all hate those pesky trading fees?) If you’re interested in a reputable brokerage that charges zero commission, then check out WeBull!
What is WeBull?
If you are just hearing about WeBull now, you might be wondering if they’re legit. Don’t worry, they totally are! They are an SEC-registered member of FINRA and SIPC, which means your brokerage account is insured.
Is WeBull really free?
Yes! They don’t charge any account opening or maintenance fees.
Please note that relevant FINRA and SEC fees may still apply. See their website for more information.
What can you trade on WeBull?
WeBull tools, education, and resources
Another cool feature is the “Community” tab. You can see what other users are chatting about in the Streams and even join in on the conversation. What I like are the Top News and Watchlist features, which are updated hourly with relevant news articles from Reuters, CNBC, Benzinga, etc. It’s convenient to get all your news in one place, especially if you’re a pretty advanced trader and really want to stay on top of your stocks!
WeBull free stock promotion
When you open an account and make an initial deposit of $100 or more within the first 30 days, you’ll receive a free stock! The stock you receive is random and will be valued between $8-1000 per share. If you’re curious about your odds, here’s what WeBull says:
- Approximately 1:1.02 odds of
a stockfrom $8-10
- Approximately 1:52.63 odds of
a stockfrom $10-100
- Approximately 1:1111.11 odds of
a stockfrom $100-200
- Approximately 1:10000 odds of
a stockfrom $1000 range
Eric got a free stock of TEVA when he signed up! Sign up for WeBull here and get your free stock!
WeBull versus Robinhood
If you’ve used Robinhood before, you’ll know that it’s a popular investing platform very similar to
Robinhood allows you to invest in stocks, ETFs, options, and cryptocurrency while WeBull only offers ETFs and stock trading. On the other hand, WeBull offers more extended trading hours.
Robinhood’s platform is a little bit more user-friendly for a beginner investor. The beautiful interface encourages newbies to get familiarized with investing. More advanced users may find Robinhood a bit limiting. If you want more advanced features, you need to upgrade to Robinhood Gold which is their premium service for $5 a month.
If you have at least intermediate knowledge about stock trading, WeBull would be suitable for you. You can still use WeBull if you’re a beginner, but some may find the features and tools a bit advanced.
Eric’s 2 Cents
Before adding WeBull as an affiliate (we get a referral fee if you sign up through a link on this site), I downloaded the app and gave it a try myself. For my free stock, I got 1 share of Israel-based generic pharaceuitical company Teva. Funny enough, I had just sold that stock in my main investment account. You get a free share after depositing $100 in a new account.
Overall, WeBull is intuitive and easy to use. It is the second big app-based brokerage I have tried out myself in the commission-free-investing space, and I was impressed. I reccomend it most to people who want to learn more about active trading. While I’m more of a passive investor myself, active investors can save a fortune on trade commissions when moving to this commission-free brokerage.
When investing, every dollar counts. Just as I’m a fan of low-fee ETFs, I’m a fan of low fees in your investment account. WeBull makes a great choice for beginners and experts alike who want to escape fees charged by the typical brokerage.
WeBull review summary
All things considered, WeBull delivers on what it offers. It’s an affordable online brokerage that will save you money on commission fees. It won’t handle 100% of your investment needs but is a great supplement to your existing brokerages. Their mobile app is full of awesome features that an active investor will find very useful.
If you’re fairly new to trading, however, you might choose to start with Robinhood. After you get comfortable, you can upgrade to WeBull. Or, since they’re both free to open an account, try them both! I don’t think you can go wrong with either option. I hope you found this WeBull review helpful!
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