A commission-free brokerage app that packs an analytical punch.
Overall Score: 9.0/10
Who should download Webull: The technically-inclined trader
Pros:
- Commission-free trades
- Zero account minimum ($100 funding minimum for the free stock promotion)
- Mobile, desktop & web-based trading platforms
- Advanced research and analytics
- Webull Community
Cons:
- The app has a learning curve due to the number of advanced features
- Not the cleanest app look and feel
- Does not support retirement accounts
- Does not support cryptocurrency trading
Full Review:
Sign up Process: It was easy to sign up and fund an account to begin trading within a day. I was able to complete all of the onboarding by the mobile application. Linking external bank accounts is very easy and funding made simple. Also if you moved over $100 or more into your account, then the free stock will post within a few weeks from originally funding.
Once the sign up was complete and I began to dive into the features. I was quickly blown away by the vast technical and research resources available. I was able to easily view any number of technical indicators in a clean and accessible way on the mobile app. This to me is a major plus for Webull because, in my prior experiences, I have found advanced technical indicators to be annoying and difficult to view in mobile format. However, the number of features comes with a trade-off, namely a moderate learning curve to various parts of the app. If you can overcome the learning curve, you will not be disappointed, as Webull offers a robust analytical offering that competes with the best of them.
Webull has a number of features that give it the edge compared to other brokerage apps:
- Strong stock screening functionality
- Well-formatted charting interface and robust technical abilities on the mobile, desktop and web apps
- Community interaction
Cost: 5/5
Free mobile and desktop applications that offer commission-free trading. They also offer a free stock for anyone that transfers $100 or more into a Webull account! In essence, you are paid to open a brokerage account, and combine that with commission-free trading, the cost of Webull is an unbeatable proposition for anyone looking for a brokerage account.
Ease of Use: 3/5
The app looks good, but the immense research and analytical abilities do hamper the simplicity and ease of use in various areas of the app. That being said, the number of settings and tools available in the mobile app are displayed in a manner that can easily be comprehended as you become more comfortable with the app.
Features: 4.5/5
Both the mobile app and desktop version are packed with analytical, research and community-based features. Cash and margin accounts are available along with a paper trading account for people that want to practice new trading strategies. Powerful desktop platforms are available on Microsoft, Mac OS, and Web. Support for trading cryptocurrencies and opening retirement accounts are lacking, but these are small trade-offs given all that Webull offers.
Summary
Webull is a great platform for anyone that is looking for a commission-free platform, but in particular, if you are a technically-inclined trader then you have found an amazing platform! The sign-up process is straight-forward and easy, and they are currently offering a free stock for anyone that signs up and moves a minimum of $100 to the account. This deal makes it well worth trying out a great platform that offers free trading and powerful features.
New to stock trading? Check out the Robinhood App Review – a free brokerage app that is perfect for beginners.
Millennial Finance 