Webull Review: Active trading app with $0 stock commissions
Mobile-first broker with charts, screeners, options, and paper trading. A better fit for active users than for completely hands-off investors.
Disclosure: If you open an account using our links, we may earn a commission. You do not pay extra.
Open with Webull →Who Webull is best for
- US-based investors who want an app-first platform for active stock and ETF trading.
- Self-directed traders who value charts, screeners, and technical tools in a mobile app.
- People who want to explore options trading or paper trading after learning the basics.
- Cost-sensitive traders who like $0 commissions on many US-listed stocks and ETFs.
Who might prefer another broker
- Investors who mainly want automated, long-term portfolios with minimal tinkering.
- Non-US investors who need broad global market access and multi-currency accounts.
- Beginners who feel overwhelmed by options, margin, and many trading features.
For more automated long-term investing, compare M1 Finance. For broader global access and pro-grade platforms, look at Interactive Brokers, or view all broker picks.
Pros
- $0 commissions on many US-listed stocks and ETFs (verify current terms and regulatory fees).
- Strong mobile and desktop apps with charts, screeners, and technical indicators.
- Options trading and paper trading available for users who understand the risks.
- Quick digital onboarding and frequent account promotions or bonuses.
- Good fit for users who like to monitor markets and place their own trades.
Cons
- Feature set can overwhelm brand-new investors who only want simple index investing.
- Options and margin trading require real risk understanding; easy to over-trade.
- Fewer account types and services than full-service or traditional brokers.
- Less built-in automation for long-term, goal-based portfolios.
Key fees and limits
| Feature | Details (check Webull for current terms) |
|---|---|
| Stock & ETF commissions | $0 commissions on many US-listed stocks and ETFs; regulatory fees and other charges may still apply. Always review the latest pricing. |
| Options trading | Options contracts have specific fees and approval requirements. Webull provides different options levels; make sure you understand the risks and costs before trading. |
| Account types | Primarily individual taxable accounts plus some retirement options, depending on region and regulations. Fewer choices than some large, full-service brokers. |
| Margin & leverage | Margin accounts allow borrowing to trade, with interest charges and risk of losses beyond your cash. Eligibility, rates, and requirements vary; review details carefully. |
| Tools & platforms | Mobile and desktop platforms with charts, screeners, watchlists, and in-app research geared toward self-directed traders who monitor markets actively. |
Terms, fees, and available products change. Always confirm current details on Webull’s official site before opening an account or placing trades.
How Webull fits into a long-term investing plan
Webull is built around trading, not full-service financial planning. It can be useful if you:
- Already understand the basics of investing and want more control over each trade.
- Use separate accounts or brokers for long-term index investing and keep Webull for a smaller “active” slice.
- Plan to track your own taxes, risk limits, and diversification rather than relying on automated tools.
For many long-term investors, a simple, low-cost index fund portfolio held at a more automation-focused broker may be easier to maintain, with Webull reserved for a limited, speculative portion if you choose.
Webull vs alternatives
vs M1 Finance: Webull is better for active users who want to place their own trades and adjust positions frequently. M1 is stronger for automated, rules-based portfolios funded by recurring deposits.
vs Interactive Brokers: Webull focuses on a simpler, app-first experience with fewer markets and instruments. Interactive Brokers provides broader global access, more account types, and professional-grade platforms with a steeper learning curve.
vs doing nothing: Webull can be a low-commission way to trade, but active trading requires discipline, clear risk limits, and the ability to handle volatility without emotional decisions.
For a higher-level comparison, you can review other options in the broker picks hub.
Bottom line
Webull is appealing if you want an inexpensive, app-based platform for self-directed stock and options trading. It is less suitable as a pure “set-and-forget” investing solution, and it assumes you are comfortable managing your own risk.
Open with Webull →Disclosure: We may earn a commission if you open an account using our link. You do not pay extra.
Want a more automated approach? Read the M1 Finance review or see all broker picks here. Educational content only; this is not personal advice.
QuantRoutine provides educational content only. Nothing on this page is an offer, solicitation, or recommendation to buy or sell any security or to open an account with any specific broker. Investments can lose value, and past performance does not guarantee future results. You are responsible for your own investment, tax, and legal decisions.