Webull is one of the mobile app-based brokerages that features commission-free stock and exchange-traded fund (ETF) trading. It is regulated by the Securities & exchange commission (SEC) and the financial industry regulatory authority (FINRA). Webull app https://www.webullapp.com is offering active traders technical indicators, economic calendars, ratings from research agencies, margin trading, and short-selling. Webull’s trading platform is developed for middle and experienced traders. Although beginning traders can also be benefited. Webull is globally considered one of the best Robinhood alternatives. There are some features the following:
- Research Offerings
Webull’s research is getting the highest rating for ease of use, filtering capabilities, and overall informational value. Research is discovered on 4 different pages on the mobile app, with markets, news, an individual stock page, and a screeners page. Thescreener’s page gives you the option of which stocks to track and what technical parameters to watch and set smart alerts. The feature is including an economic calendar with upcoming IPO dates, earnings, and other news of the stocks you are watching. You can be setting up your watchlists and receive alerts through email or SMS on the app.
- Commissions and Fees
Webull is not charging a commission on stock trades or it is open and maintain an account. Nevertheless, SEC and FINRA fees do apply.
- SEC fees: It has a $13 charge for a total of $1,000,000 of principal on stock sales only, with a $0.01 minimum.
- FINRA fees: A trading activity fee (TAF) of $0.000119 per share on stock sales is having a minimum of $0.01 and no more than $5.95.
Webull’s parent company is mainly a member of the Securities Investor Protection company (SIPC). Webull is protecting the securities of its members up to $500,000, which is including $250,000 for cash claims.
- Customer Support
Webull’s customer support service is accessed through email that is the only method mentioned on its website no online webchat option or phone number is not there. However, Webull’s customer service is replying within 1 hour of a query.
- Ease of Use
Downloading the Webull app is making your 1st live trade. Webull is appealing to traders at all experience levels. The Webull trading platform for trading stocks like NYSE: ACICU is covering an intuitive, easy-to-use interface on both the mobile app and desktop versions that are learned by trading in the demo account. A margin account can be done directly on the platform as long as you are having sufficiently funded the account.
Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.