To start buying stocks on Webull, you need to create an account. Download the Webull app or access it through their website.
Once you've opened the app, tap on the "Sign Up" button and select your account type. You can choose between a personal or joint account, and Webull will guide you through the registration process.
During registration, you'll need to provide some basic information, including your name, email address, and password. This is a one-time process and will take just a few minutes to complete.
After creating your account, you'll need to fund it to start buying stocks. Webull offers several funding options, including bank transfers and funding through a brokerage account.
Getting Started
Trading on Webull is simple! Just follow these steps. You can access your account in minutes.
Signing up for Webull is extraordinarily easy. Simply use your phone number or e-mail address. The Webull mobile app is available on iOS and Android.
There is no financial commitment to receive your share of free stock. No minimum deposit, no trades, and no banking information are required. Furthermore, there is never a minimum account balance required for your account.
Webull is a multi-asset platform built for investors of all experience levels.
Trading Basics
To buy stocks on Webull, you'll need to start by connecting a bank account. This is a straightforward process that allows you to fund your account and begin trading.
You can search for the stock or ETF you want to buy, and then input a dollar amount. If you don't have enough to buy a full share, you can buy fractional shares by selecting "Market" as your order type.
Trading
Trading on Webull is a breeze. You can buy and sell stocks for free, also known as commission-free trading.
To start trading, simply follow these steps: connect a bank account, search for the stock or ETF you want, input a dollar amount, and confirm. If you don’t have enough to buy a full share, you can also buy fractional shares by selecting “Market” as your order type.
Webull offers advanced trading strategies, including options trading and setting stops. You can also try different order types, such as market, limit, stop, and stop-limit orders.
One of the benefits of Webull is that it offers fractional shares investing, which allows you to purchase the shares you want with the budget you have. The minimum quantity is 0.01 share, or as low as $5.
Here are some key features of Webull's trading platform:
- Commission-free trading
- Access to options trading and advanced order types
- Fractional shares investing
- Extended hours trading
- Live chat and phone customer service
Webull's fees may vary depending on the investment vehicle selected, but they're generally low. For example, the SEC fee is $23.10 per $1,000,000 of principal on a sale, and the FINRA fee is $0.000119 per share.
Options
Options can be a powerful tool for traders, allowing them to buy or sell a contract that gives them the right, but not the obligation, to buy or sell an underlying asset at a specified price.
You can trade options with Webull, which offers commission-free trading, making it a great option for active investors.
With Webull, you can trade over 30 different types of cryptocurrencies, giving you a wide range of options to choose from.
Investors can also use options to manage their retirement funds, as Webull allows you to open a traditional, Roth or Rollover IRA.
Note that you can't invest in mutual funds through Webull, but you can set up a separate brokerage account with a company like Fidelity or Charles Schwab.
Features and Capabilities
Webull offers a commission-free trading platform, making it easy to buy and sell stocks without any extra fees.
You can get started with a bonus of five free stocks when you open and fund a new account, valued up to $300 each.
The platform is also customizable, allowing you to trade on a bigger screen with a desktop version, and you can trade crypto seven days a week for 23 hours a day.
Webull offers advanced trading indicators, charts, screeners, and customization, which can be useful for intermediate to advanced traders.
You can implement more advanced trading strategies within the platform, including trying different order types and trading with options.
Webull charges some fees for leverage and short sales, which ranges from 5.74% to 9.74% depending on your account balance.
Capabilities
Webull's capabilities are impressive, to say the least. With commission-free trading, you can buy and sell stocks without worrying about hidden fees.
Webull offers a range of investment options, including stocks, ETFs, options trading, fractional shares, IPOs, ADRs, and certain cryptocurrencies through Webull Crypto. You can also trade with leverage and short sales, although fees may apply.
One of the standout features of Webull is its tax-advantaged IRAs, which allow you to save for retirement while minimizing taxes. This is a game-changer for anyone looking to grow their nest egg.
Here's a breakdown of Webull's capabilities:
Webull's advanced trading features also make it a great option for intermediate to advanced traders. With customizable desktop and mobile platforms, you can trade on the go or from the comfort of your own home.
And, as a bonus, Webull offers five free stocks when you open and fund a new account. This is a great way to get started with investing and see how the platform works.
Create Watchlists
Creating watchlists on Webull is a breeze. You can create personalized watchlists to follow specific securities, like companies related to a specific theme or market cap.
To get started, go to the "Watchlists" tab and click on the three dashes in the upper left corner. Tap "+ Add List" to create a new watchlist.
You can name your watchlist and choose specific stocks to follow, like Amazon or Tesla. For example, you can create a watchlist called "Growth Stocks".
To add a stock to a watchlist, simply tap the heart button on the stock and add it to your list. You can customize your watchlist using the hexagon in the upper right corner.
You can filter, organize, and display your watchlist according to your personal preferences. This makes it easy to make observations before committing to buying specific securities.
Low Fees
Webull is a brokerage firm that's designed to offer the best value-for-money experience by lowering its fees as much as possible.
One of the ways Webull achieves this is by charging no subscription fee, redemption fee, or platform fee for mutual funds. The only cost to investors is the management fee, which is charged by the fund house.
Webull also charges a commission ranging between 0.02% to 0.03% for stocks and ETFs, with a minimum charge of US$0.50, HKD 12, or CNH 12.
You don't have to worry about platform fees or other charges adding up to significant amounts over the course of your investing journey with Webull.
Here's a breakdown of the fees you can expect with Webull:
- No minimum required to open an account or to start investing
- Commission-free trading; regulatory transaction fees and trading activity fees may apply
Webull charges fees for leverage and short sales, which ranges from 5.74% to 9.74%, usually determined by how much money you have in your account.
Overall, Webull's low fees make it a great option for investors who want to keep their costs down and maximize their returns.
Investor Resources
Webull offers a range of resources to help you get started with investing.
You can access a variety of investment terms that are essential to know as a beginner investor through a related article.
Customizing your layout and creating watchlists on Webull can help you stay organized and focused on your investing goals.
Regular Savings Plan (RSP)
The Regular Savings Plan (RSP) is a hands-off investing tool that lets you invest at regular intervals, perfect for smoothing out short-term market volatility.
You can set up an RSP to invest your preferred amount at regular intervals, making it easier to stick to your investment plan. This strategy is known as Dollar-cost Averaging or DCA, which can lower your average entry price over time.
Webull's RSP is highly flexible, allowing you to invest from as little as US$5 or SG$10 for SGD mutual funds. You can choose from US-listed stocks and ETFs, as well as SGD and USD mutual funds.
You can set your own investing schedule, whether it's every trading day, weekly, bi-weekly, or monthly, giving you control over your investing budget. This flexibility is especially useful for those who want to invest at their own pace.
By investing in a mix of US- and SG-listed securities, you can diversify your portfolio and hedge against overexposure to any one sector or region.
Free Stock Reviews
Webull offers a free stock for signing up and making a deposit of $100 or more. This is a unique feature that sets them apart from other brokerages.
The free stock can be valued between $8 and $1,600, giving you a range of options to choose from. You can potentially get stocks like Apple, Tesla, or Costco, depending on the value of the stock at the time of your deposit.
One blogger, Wallet Hacks, received ABEV (parent company to Anheuser-Busch) as his free stock, valued at $4.335 at the time of his referral. However, the minimum stock value is now $8, so this promotion may no longer be available.
If you're interested in getting a free stock, you can sign up for Webull and make a deposit of $100 or more to take advantage of this offer. Keep in mind that the value of the stock will depend on the market at the time of your deposit.
Here are some examples of free stocks that people have received through Webull's promotion:
Keep in mind that these values are subject to change and may not reflect the current market value of the stock.
Frequently Asked Questions
Do I actually own my shares on Webull?
No, your shares on Webull are held in "street name" through Apex Clearing, but you are still the beneficial owner. This means you have rights and control over your securities, even if they're not directly in your name.
How to invest $5 in Webull?
To invest $5 in Webull, you can purchase a fractional share of your favorite US stocks or ETFs with a minimum order of 0.00001 shares and a $5 purchase quantity. Start investing with just $5 and explore the world of fractional shares on Webull.
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