Webull Review 2025

What is Webull?

Webull is a financial services platform that offers a range of trading and investment options. It is a holding company incorporated in the Cayman Islands and headquartered in New York. The platform is accessible via mobile app and desktop computer, offering commission-free and low-cost trading of stocks, exchange traded funds, options, margins, and cryptocurrencies. Webull has some of the lowest fees among brokerages, without skimping on advanced trading tools. Despite the low costs, it may not be the best brokerage for beginners. It appeals to the mobile-first generation of casual investors with its slick interface for desktop and mobile apps. However, its relatively weak educational content may leave true beginners in the lurch, and it lacks access to a few common asset classes. Webull’s subsidiaries operate an electronic trading platform, offering commission-free and low-cost trading of stocks, exchange traded funds, options, margins, and cryptocurrencies. Its U.S.-based subsidiary, Webull Financial LLC, is a security broker registered with the U.S. Securities and Exchange Commission and a member of FINRA and SIPC, offering trading services to customers in the U.S. It also has licensed subsidiaries offering trading services in Hong Kong and Singapore. Webull is owned by Hunan Fumi Information Technology, a Chinese holding company that has received backing from Xiaomi, Shunwei Capital, and other private equity investors in China. On May 24, 2017, Webull Financial LLC was established as a Delaware limited liability company by Wang Anquan, a former employee of Alibaba Group. A year later, in May 2018, the company released its mobile app for iOS and Android. In May 2020, the company received SEC approval to launch a robo-advisor on its platform. By August 2020, the platform had over 11 million registered users, and in October 2020, it had 750,000 daily active users. In November 2020, Webull began supporting cryptocurrency transactions. On January 28, 2021, Webull halted buy orders for stocks affected by the GameStop short squeeze, but reversed course and allowed buy orders starting at 2:35 pm that day. On that day, Webull recorded its highest-ever number of active daily users at 952,000. That week, approximately 1.2 million people downloaded the Webull mobile app. In June 2021, Webull began talks of an initial public offering to raise up to $400 million. In September 2021, the Brooklyn Nets and New York Liberty entered into a global multi-year agreement with Webull and the company became the official jersey patch partner for the Nets.

What is the Review Rating of Webull?

What are the Pros of Webull?

Webull, a commission-free online trading platform, offers access to various financial markets, including forex. Here are some of the advantages of using Webull for forex trading:. Commission-Free Trading: Webull allows users to trade forex without any additional costs. This can significantly reduce trading expenses and increase potential profits. User-Friendly Interface: Webull offers a user-friendly interface that is easy to navigate. The platform provides real-time market data, advanced charting tools, and customizable watchlists. Educational Resources: Webull offers a variety of educational resources, including webinars and tutorials, to help users improve their trading skills. Paper Trading: Webull allows users to practice forex trading without risking real money through its paper trading feature. It allows users to trade in a simulated environment using virtual funds. Access to Multiple Markets: In addition to forex, Webull provides access to various other financial markets, including stocks, options, and cryptocurrencies. This can be beneficial for traders who want to diversify their portfolios. However, it’s important to note that while Webull offers access to the forex market, its selection of currency pairs is relatively limited compared to other forex brokers. Also, although Webull provides basic charting tools and market data, it may not be sufficient for advanced traders who rely on advanced technical indicators and analysis.

What are the Cons of Webull?

Webull, a popular online trading platform, offers a range of tools and features for forex trading. However, it also has certain limitations that traders should be aware of. Here are some of the cons of using Webull for forex trading:. Limited Currency Pairs: Webull’s selection of currency pairs is relatively limited compared to other forex brokers. Currently, Webull supports only a handful of major currency pairs, such as EUR/USD, GBP/USD, and USD/JPY. This may restrict traders who want to trade exotic currency pairs or have specific trading strategies that require a broader range of currency options. Lack of Advanced Trading Tools: While Webull provides basic charting tools and market data, it may not be sufficient for advanced traders who rely on advanced technical indicators and analysis. The platform lacks some of the sophisticated tools and features offered by more established forex brokers. Regulatory Concerns: Webull Forex is not regulated by any major financial authority. This could be a concern for some users, as regulatory oversight can provide a level of protection and assurance for traders. Access to Margin Trading: Access to margin trading on Webull is opened from $2,000 in the account balance. This might be a high threshold for some traders, especially those who are new to forex trading or have a limited budget. Limited Trading Options: Webull does not support trading in mutual funds, futures, bonds, or stocks of the OTC markets. Also, it doesn’t provide an opportunity to make transactions with currency pairs. Cryptocurrency trading is available only in mobile applications. These limitations could potentially impact a trader’s experience and success on the platform. Therefore, it’s important for traders to consider these factors when choosing a platform for forex trading.

Is Webull Regulated and who are the Regulators?

Webull is a fully regulated broker. It is regulated by the US Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), and the Hong Kong Securities and Futures Commission (SFC). Webull operates in several countries and is supervised by the following financial authorities. USA - Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA). Hong Kong, China - Hong Kong Securities and Futures Commission (SFC). Being supervised by a top-tier regulator lends a considerable boost to the safety profile of any given broker. These regulators apply the strictest requirements and standards that brokers overseen by them must adhere to. As the client of a broker with top-tier regulation, you will have important safeguards in place with respect to the fairness of pricing and trading conditions that your broker provides. If your broker is regulated by multiple authorities, you should try to sign up with the entity that has top-tier regulation. This will most likely mean that you will have access to investor protection as most of these regulators operate in countries where such schemes are available. In March 2023, Webull was fined $3 million by the Financial Industry Regulatory Authority, partly because its automated system approved unqualified customers for options trading, including individuals under age 21.