Looking for information on Webull? Webull offers commission-free US stocks, ets and option trading, and now they just added crypto. The platform is easy to use, well structured and opening an account is seamless and really fast.
As of Friday, November 20th, Webull now offers crypto through its subsidiary, Webull Crypto.
Webull Crypto allows customers to buy or sell fractions of crypto at a $1 minimum with instant settlement, letting users receive funds instantly. The app offers complimentary real-time crypto data and two-factor authentication, which ensures account safety and security at all times.
The cryptocurrency offering is another example of Webull's overall innovation within the industry, as they will become one of the very few broker-dealers currently offering crypto trading to customers.
Here's what you need to know about Webull.
What is Webull?
Webull Financial LLC is a broker-dealer registered with the Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). The headquarters of Webull Financial LLC is located at 44 Wall Street, New York, NY, USA.
Webull is a stock brokerage firm offering zero-commission stock trades and Webull puts you in control of building and managing your portfolio by offering a easy to use desktop and mobile app. That allows you to monitor your investments, watch the markets and get company alerts in real-time.
Webull specialized in four types of investment products:
- Stocks
- Options
- ETF's
- Crypto
Right now, with the launch of crypto trading, they are currently Robinhood's biggest threat when it comes to cornering the highly sought after Gen Z and Millennial markets.
Webull Free Stock offer?
Right now, Webull is offering two free stocks just for opening an account between 11/19/2020 – 11/30/2020. You'll get 2 free stocks valued between $2.50 to $250.00.
If you make an initial deposit of just $100, then you'll get 2 free stocks valued between $8 to $1600 each. That's four free stocks from here 'til November 30th, 2020.
Click Here to Create Your Account and Claim Your 2 Stocks
Disclaimer: The link is our affiliate link. We get compensated from the company that allows us to provide special offers from the company.
Webull Desktop Example
You can use the desktop with or without logging in. Take a look at the tabs across the top and the sleek interface. The charts are very easy to read.
Webull Desktop (inside look)
Inside the Webull Desktop App, you will see the tabs across the top:
- Charts,
- Options,
- Note,
- News,
- Financials,
- Analysts,
- Order Flow,
- Corp Actions,
- Releases and
- Profile.
The three tabs you'll use the most are: News, Charts, Financials, Analysts to get a reading on each company. Take a look at the news tab below and you'll see how much data comes in every hour. These will alert you to any top news for a company plus alert you when analysts release their picks (i.e. Jim Cramer and John Malone talk steaming stocks)
Webull also allows you download the app.
What Does the Webull App Look Like?
The Webull app is very slick and easy to use. Once of the many benefits of the app is that you can setup watchlists, get the latest news and alerts PLUS you can see 10-Q reports directly on the Webull app.
Take a look at the screenshots I just took of the app:
Webull vs Robinhood
Now that commission-free has taken over the entire industry, then you're left with three things:
- Easy to Use / Fast Trading Interface
- Company News and Alerts
- Stock Analysis and Design Preferences
Both Webull and Robinhood are easy to use. It takes a good 10 to 20 minutes to fully tour the platform. Webull has a nice learning course in the backoffice that explains EVERYTHING. It took a good 45 minutes to go through, but I felt like I knew the platform fully after this course.
Second, both companies have company news, but I like Webull's newsfeed because it includes ways more companies, way more alerts than Robinhood.
Third, I really like the design of Robinhood's backoffice. BUT the mobile app is truly equal in design. The thing that sets Webull apart from Robinhood is the stock analysis.
Webull Stock Analysis
When I log into the app and the dashboard, I am able to view earnings in both Webull and Robinhood. However, Webull also has Insider Purchases, SEC Filings, Balance Sheets, and Cashflows giving Webull the win.
Inside Webull, they also provide a Level 2 Advance premium data feed that's powered by NASDAQ TotalView. TotalView provides the best 30 bids and offers for all NASDAQ, NYSE and regiional listed stocks on NASDAQ Market Center.
Because it includes the prices and quantities, this allows you to determine the demand for a stock at a certain price.
Why is this important? When you're viewing level 1 data, you're able to view the sell side as having more pressure than the buy-side. With Level 2 Advance, you can see the best bid and ask by volume down 30 levels. So now this may read as:
Bid Size: 100,000 Shares
Ask Size: 40,000 Shares
The more you know about the underlying pressure on a price, then you can make an informed guess on how to place the trade. Level 2 Advance is a monthly fee. The regular price was $24.99 per month, but it dropped down to $1.99 per month. For less than $2 per month, I'm keeping that turned on and using the daily.
Make sure you bookmark this post because I'll create more training that walks you through the entire Webull setup.
Webull Features
Can You Trade Options with Webull?
An option is a contract between a buyer and a seller. It gives the buyers the opportunity to buy or sell the asset at a specific “strike” price prior to or on a specified date. Options can provide investors with more opportunities than traditional buy or sell strategies.
You can trade options inside Webull. The commission-free options trading extends to all platforms of Webull so that means you can trade on your mobile, trade on your desktop or laptop. If you want to learn how to trade options, we recommend this course from options-trader, Danny Devan.
What are Webull Trading Hours?
Knowing the trading hours and settlement rules will help you make better investment decisions?
- The regular hours for the U.S. Stock Market is 9:30 am to 4:00 pm ET.
- The premarket hours for the U.S. Stock Market is 4:00 am to 9:30 am ET.
- The after hours for the U.S. Stock market is 4:00 pm to 8:00 pm ET.
You can trade on the Webull platform during premarket, regular and after hours. That means you can trade from 4:00 am to 8:00 pm EST every trading day.
Time Period for Settled & Unsettled Funds?
Knowing when funds settle will help you make smarter decisions. When you close a position, proceeds will be added to your unsettled cash. It will take 5 business days to fully settle. Right?
If you have a cash account, the revenue will be added to your unsettled cash two business days later. You can use unsettled cash to buy and sell stocks, however, you MUST wait until the money deposits before selling THAT transaction.
Here's an example:
Say you sold 1 share of Apple at $200 on Monday. That means that $200 will be added to your unsettled cash on Wednesday and settles as cash on Thursday. However, let's say on Tuesday, you bought a $200 stock using your unsettled cash. You should NOT sell this stock before Thursday. Remember, Thursday is when the cash settles. If you do sell it, a Good Faith Violation will be triggered.
If you get more than 3 Good Faith Violations within a 12 month time period, your public account will be restricted for 90 days. Think of this as a way to protect both of you in the event that your stock tanks and the settled cash is not enough to cover your purchase.
What are the Insurance Amounts for Webull?
Your Webull account is protected up to $500,000 (including $250,000 for claims for cash).
Risk Disclosure:
Keep in mind all investments involve risk and the past performance of a security, a stock or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread the risk, it does not assure a profit or protect against loss in a down market.
There is ALWAYS the potential of losing money when you invest in securities, trade stocks or options and crypto. Investors should consider their investment objectives and risks carefully before investing.
Right now, Webull is offering two free stocks just for opening an account between 11/19/2020 – 11/30/2020. You'll get 2 free stocks valued between $2.50 to $250.00.
If you make an initial deposit of just $100, then you'll get 2 free stocks valued between $8 to $1600 each. That's four free stocks from here 'til November 30th, 2020.
Click Here to Create Your Account and Claim Your 2 Stocks
Disclaimer: The link is our affiliate link. We get compensated from the company that allows us to provide special offers from the company.
Frequently Asked Questions About Webull
The main difference between Webull and Robinhood is that Webull offers more advanced tools and stock analysis within the app. You can trade stocks, options, ETF's and crypto with both companies and execution is fast and straightforward on both platforms.
Yes. When you download the Webull desktop or the app, they run monthly specials and promotions. You can find it in the upper right corner under “Promotion Center” (see pic below). For example, this month, they have four promotions. Refer 3 friends and get 15 free stock. Deposit $100 or more and get 2 free stock. Complete the course to get another free stock. If you want to make investing fun, this is a great addition that sets Webull apart from the competition.
Right now, Webull is offering two free stocks just for opening an account between 11/19/2020 – 11/30/2020. You'll get 2 free stocks valued between $2.50 to $250.00.
If you make an initial deposit of just $100, then you'll get 2 free stocks valued between $8 to $1600 each. That's four free stocks from here 'til November 30th, 2020.
Click Here to Create Your Account and Claim Your 2 Stocks
Disclaimer: The link is our affiliate link. We get compensated from the company that allows us to provide special offers from the company.
Cash accounts must trade with settled cash in their accounts. When you sell stock, it takes a few days before the cash to settle (think of it just like when you make a deposit in a bank). As long as you have settled cash to cover the trade, you can make the trade.
A margin account can trade on the equity borrowed from Webull. The amount of leverage depends on the status of the account and the stock being traded. Webull offers up to four times day trading levrage and up to two times overnight leverage. Warning: margin accounts carry a large amount of risk and if that stock price drops, you will have to cover the difference.
If you trade with less than $25,000 in your account, then you will be allowed to day trade three times in five business days. Once your cash + stock equity exceeds the $25,000, you can day trade unlimited times per day.
Once you setup your Webull account, it will ask you to connect your bank account. You can login to your bank account directly within the Webull backoffice or you can add your bank account. When you add your bank account, they will deposit two small deposits that you will verify usually within 48-72 hours.
You can trade on the same day if you deposit via ACH before 4:00 pm. Not that it takes up to 5 business days for the cash to settle. You will receive provisional credit which will increase your buying power. Stay aware of the risks because your cash balance might go negative because you are using credit rather than your own cash. The deposit will be added to your cash balance when it settles after 5 business days.
2 Comments
I just signed up with Webull after being a member of Robinhood for the past 3 years. I like Webull’s app a hair better than Robinhood.
Excellent info! Love Crypto 🙂