Webull Review

Active traders who want stocks, options and futures in one account

SEC FINRA CFTC NFA

Why investors choose this broker

$0 commissions on U.S. exchange-listed stocks, ETFs and options
No deposit minimums for brokerage accounts
Fractional shares available from $1.00
24/5 trading on select stocks and ETFs

Review summary

Webull offers $0-commission U.S. stock, ETF and options trading, plus futures, crypto, margin, paper trading and automated portfolios on web, mobile and desktop platforms.

Pros

$0 commissions on U.S. exchange-listed stocks, ETFs and options
No deposit minimums for brokerage accounts
Fractional shares available from $1.00
24/5 trading on select stocks and ETFs
Paper Trading lets users test strategies without real money
Cash Management includes up to $5,000,000 of FDIC coverage
Webull Advisors fee is 0.20% AUM or $1, whichever is greater

Cons

$0.50 per contract fee applies to certain index option trades
$0.10 per contract fee applies to oversized option orders
$75 fee for outgoing stock transfers
Margin trading requires at least $2,000 in equity
Futures accounts are not protected by SIPC
Overnight trading covers select stocks as whole shares only
Coinbase-supported crypto customers have a $2 minimum order size

Company background

Webull is a technology-driven financial company built around a self-directed investment platform. Its product range includes stocks, ETFs, options, futures, margin trading, crypto, bonds, money market funds, recurring investments, IRAs, cash management and Webull Advisors. The service is aimed at investors and active traders who want to manage several account types and asset classes in one place.

Fees and pricing

Webull advertises $0 commissions for U.S. exchange-listed stocks, ETFs and options, with no deposit minimums. Certain costs still apply. Certain index option trades have a $0.50 per contract fee, oversized option orders have a $0.10 per contract fee, and regulatory or exchange fees may be passed through. Outgoing stock transfers cost $75, equity algo order types cost $0.0050 per share, and some OTC securities have additional transaction charges.

Webull Advisors has an annualized advisory fee of 0.20% on assets under management or $1, whichever is greater. Webull Premium is shown at $40.00 annually. Crypto has no custody fees, with minimum order sizes of $2 for Coinbase-supported customers and $1 for Bakkt-supported customers.

Regulation and safety

Webull Financial LLC is registered with and regulated by the SEC and FINRA. It is also a member of SIPC, which protects securities customers up to $500,000, including a $250,000 cash limit. The clearing arrangement may add excess SIPC coverage, while futures and other assets outside the securities account are not covered by SIPC. Webull Futures LLC is a CFTC-registered Futures Commission Merchant and an NFA member.

Platform experience

Webull supports trading through Webull WebTrade, mobile apps, desktop software for Mac, Windows and Linux, an OpenAPI service, and a TradingView integration. The platform includes charting tools, screeners, order flow tools, paper trading, real-time data features, and mobile access through iOS and Android.

Pros and cons

The main strengths are low headline commissions, no deposit minimums, fractional shares from $1.00, 24/5 trading on select stocks and ETFs, and a broad platform lineup. The main limitations are specific contract fees, transfer fees, margin equity requirements, crypto minimum order sizes, and the lack of SIPC protection for futures accounts.

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Open an account directly with the broker. Confirm current fees and account eligibility on the broker's website before depositing.

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Your capital is at risk. Other fees apply.

Trading fees & commissions

Webull has no deposit minimums and charges $0 commissions for U.S. exchange-listed stocks, ETFs and options. Certain index option trades have a $0.50 per contract fee, and oversized option orders have a $0.10 per contract fee. Stock transfers out cost $75, and Webull Advisors charges an annualized advisory fee of 0.20% on assets under management or $1, whichever is greater.

Fees

Item	Fee
Otc	Low-Priced Securities: $0.0002 per share (maximum 5% charge of principal value); F-stocks buys: $5.00 per trade, sells: $0.05 per trade
Crypto	No custody fees; minimum order size is $2 for Coinbase-supported customers and $1 for Bakkt-supported customers
Margin	At least $2,000 in equity to qualify; margin rates shown as of March 31, 2026 are subject to change
Options	$0 commissions for options listed on U.S. exchanges; $0.50 per contract for certain index option trades; $0.10 per contract for oversized option orders
Premium	$40.00 annually
Min Deposit	No deposit minimums
Cash Management	Zero maintenance fees
Webull Advisors	Annualized advisory fee of 0.20% on all assets under management or $1, whichever is greater
Equity Algo Orders	$0.0050 per share
Prediction Markets	$.02 per contract
Stock Transfer Out	$75 per Outgoing Stock Transfer

Trading platform & features

Platforms

Web app
iOS app
Android app
Desktop app
API
TradingView
Webull WebTrade

Regulation and investor protection

Webull Financial LLC is registered with and regulated by the SEC and FINRA. Webull Futures LLC is a CFTC-registered Futures Commission Merchant and NFA member; securities accounts have SIPC protection up to $500,000, including a $250,000 cash limit, while futures and other assets outside the securities account are not covered.

Broker FAQs

Is Webull safe?

Webull Financial LLC is registered with and regulated by the SEC and FINRA. Securities accounts are protected by SIPC up to $500,000, including a $250,000 cash limit.

Is Webull a scam?

No. Webull Financial LLC is registered with the SEC and is a FINRA and SIPC member. Webull Futures LLC is a CFTC-registered Futures Commission Merchant and an NFA member.

Is Webull regulated and by whom?

Webull Financial LLC is regulated by the SEC and FINRA. Webull Futures LLC is registered with the CFTC and is a member of the NFA.

What happens to my money if Webull goes bankrupt?

SIPC protects Webull Financial LLC securities customers up to $500,000, including a $250,000 cash limit. Excess SIPC coverage may apply under the clearing arrangement, but futures and other assets outside the securities account are not covered.

What products does Webull offer?

Webull offers stocks, ETFs, options, futures, margin, crypto, fixed income, money market funds, recurring investments, IRAs, cash management and Webull Advisors.

What does Webull charge for stock trades?

Webull charges $0 commissions for trading stocks listed on U.S. exchanges. Regulatory and exchange fees may still apply.

What does Webull charge for ETF trades?

Webull charges $0 commissions for trading ETFs listed on U.S. exchanges. Regulatory and exchange fees may still apply.

What does Webull charge for options trades?

Webull charges $0 commissions for options listed on U.S. exchanges. Certain index option trades have a $0.50 per contract fee, and oversized option orders have a $0.10 per contract fee.

What is the minimum deposit at Webull?

Webull states that it has no deposit minimums. Crypto funding can start with as little as $1.00, with a $2 minimum order size for Coinbase-supported customers and a $1 minimum order size for Bakkt-supported customers.

Does Webull offer ETFs?

Yes. Webull offers ETFs and says users can trade more than 3,300 ETFs with real-time market data, research tools and zero commissions.

Does Webull offer crypto?

Yes. Webull offers crypto trading on the Webull app, with 70+ coins shown and examples including Bitcoin, Ethereum, Solana, Litecoin, Cardano and Avalanche.

Does Webull offer options?

Yes. Webull offers options trading, including multi-leg strategies, an options chain, options screeners, an options calculator and volatility analysis tools.

Can I buy fractional shares on Webull?

Yes. Webull offers fractional shares, and the stock page says investors can start with as little as $1.00.

Does Webull have a demo account?

Yes. Webull offers Paper Trading, which lets users practice trading and test strategies without using real money.

Does Webull have a mobile app?

Yes. Webull has mobile apps available through the App Store and Google Play. The mobile app supports stocks, ETFs, options, fractional shares, recurring investments, paper trading and account access.

Does Webull support TradingView?

Yes. Webull supports a TradingView integration that lets users connect Webull and TradingView accounts and place trades directly from TradingView charts.

What platforms does Webull offer?

Webull offers Webull WebTrade, mobile apps, desktop software for Mac, Windows and Linux, OpenAPI access and a TradingView integration.

Bottom line

Webull suits self-directed investors and active traders who want stocks, ETFs, options, futures, crypto and margin tools in one platform. It may be less suitable for users who want to avoid contract fees, transfer fees, margin requirements or products outside Webull's listed range.

Webull

Active traders who want stocks, options and futures in one account

Open Account

Your capital is at risk. Other fees apply.