WeBull Review: Is It Worth Trying?

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?

WeBull is an online brokerage offering commission-free stock trading. They were launched in 2018 and based in New York City.

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. WeBull does not charge any extra trading fees either, so you can trade stocks commission-free!

Please note that relevant FINRA and SEC fees may still apply. See their website for more information.

What can you trade on WeBull?

WeBull allows you to trade most stocks and ETFs. There are a few exceptions but you can easily find out which stocks and ETFs you can't trade on WeBull. Currently, you cannot trade bonds, mutual funds, options, OTC stocks or foreign stocks. There are several order types available: limit order, market order, stop order and stop-limit order. Additionally, there are advanced order types like OCO, OCTCO, etc.

WeBull allows extended trading hours including pre-market hours (4:00 a.m. to 9:30 a.m. EST) and after-hours (4:00 p.m. to 8:00 p.m. EST).

Updated 11/3/19: Options trading is now available as of November 2019! WeBull also now offers Rollover, Traditional, and Roth IRA accounts!

WeBull tools, education, and resources

WeBull offers a desktop app only for trading, but they recommend using the mobile app for full use of all the great features they offer. They make it really convenient to check your stocks on the go!

WeBull's app provides you with useful tools to research the stock market and gives you real-time market data. When you first download the app, I suggest checking out the Learning Center and the Help Center to familiarize yourself with WeBull and all of its features! You can find the Learning Center by tapping the “Menu” on the bottom right-hand side and then scrolling to the bottom of the page (see screenshot). The Help Center icon will be towards the top of the Menu page. You can find pretty much all the answers to your WeBull-related questions here. But if not, it's easy to get in touch with their customer service.

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 stock from $8-10
• Approximately 1:52.63 odds of a stock from $10-100
• Approximately 1:1111.11 odds of a stock from $100-200
• Approximately 1:10000 odds of a stock from $1000 range

WeBull versus Robinhood

If you've used Robinhood before, you'll know that it's a popular investing platform very similar to WeBull. They were established in 2013, so they've been around a bit longer than WeBull. Both companies draw users in with their offer of commission-free trading and a free stock when you sign up.

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. WeBull's pre-market hours are 4:00 a.m. to 9:30 a.m. EST while after-hours is from 4:00 p.m. to 8:00 p.m. EST. Robinhood offers pre-market hours from 9:00 a.m. to 9:30 a.m. EST and after-hours from 4:00 p.m. to 6:00 p.m. EST. That's a whole 7 hours more with WeBull!

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. WeBull and Robinhood both offer a fully functional mobile and desktop app.

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!