Registrato: 20 Set 19
Residenza: United States
Stato Connessione: Sconnesso
If you're an experienced trader, WeBull's zero
|Postato: 20 Set 19 alle 07:45 | IP Salvato
commissions could be very attractive
WeBull Financial LLC was founded in 2017 with a simple
premise of merging technology and finance to create an
easy-to-use, zero-commission brokerage and
market data app
to aid investors of all levels.
Although the WeBull
app has over 10 million users, it's really geared
toward experienced traders who want advanced real-time
market data options combined with first-rate charting on
a trading platform that's available 24/7 with zero fees
for account opening, account management and trading
By keeping costs low and simultaneously providing the
fundamental and technical analysis necessary for users
to make split-second decisions, WeBull is putting
institutional-caliber technology in the hands of
Oh, you still need to make the right calls, but when
you've got the resources of WeBull and its low-cost
trading platform behind you, the opportunity to buy
stocks, exchange-traded funds (ETFs) and American
Depository Reciepts (ADRs) has never been so easy.
WeBull Review: Pros
WeBull is regulated by both the Securities and Exchange
Commission (SEC) and the Financial Industry Regulatory
Authority (FINRA). This means less funny business and
more trading without worry.
WeBull Financial LLC is a member of the Securities
Investor Protection Corporation (SIPC). Individual
customers' securities are protected up to $500,000 and a
$250,000 maximum for cash. In addition, its clearing
firm, Apex Clearing, provides additional insurance
coverage for an aggregate of $150 million in securities
and cash for its entire customer base.
Further, WeBull offers zero commissions on more than
5,000 U.S. equities and ETFs. There is, however, an SEC
and FINRA trading fee on all sales. E.g. If you sell 100
shares at $10 a share, the SEC and FINRA fees would
amount to 22 cents. Not bad for a $10,000 trade.
WeBull also provides margin trading with an annual
margin rate between 3.99% and 6.99%, depending on the
amount borrowed. Anything up to $25,000 is charged
6.99%. Anything above $3 million is charged at 3.99%.
There's a sliding scale in between.
If you're day
trading, you can leverage up to four times the
amount you've contributed to your account; if you hold
for more than a day, you can leverage up to twice the
What's more, there arenNo extraneous fees for account
opening, account management or software platform fees.
And seasoned investors may like being able to short
Other pros include:
1. The platform accommodates mobile, web, and desktop
2. WeBull's research allows users to screen for stocks
based on market cap, P/E, dividend yield and many more.
3. It allows you to set up watchlists of stocks listed
in more than 90 countries including the U.S. and Canada
covering over 25,000 stocks, more than 100,000 funds,
and 3,000 commodities.
4. Each of the stocks on your watchlist come with news,
analyst ratings, an indication of whether investors are
bullish or bearish, and comments from the WeBull
5. Customers can trade in pre-market trading hours (4
a.m. to 9:30 a.m. EST) and after-hours (4 p.m. to 8
6. Both the mobile and desktop versions come with $1
million in paper money to learn how to trade using the
7. WeBull's platform is fully customizable to meet your
needs for following and acting on the information.
8. The charting capabilities that come with the platform
include 22 technical indicators, more than enough to
figure out when to buy and sell your stocks and ETFs.
WeBull Review: Cons
The biggest negative of WeBull is that it doesn't
provide trading in stock options, over-the-counter
stocks, mutual funds, bonds or cryptocurrencies.
Considering it provides quotes for some of these
securities, it would be nice if you could also buy them
at the same time.
The second negative about WeBull is that it currently
only supports individual cash and margin accounts. It
does not support IRAs or any other type of tax-
advantaged investment accounts.
Not really a con, as much as an observation for
investors considering WeBull, are the fees for
transferring cash and stocks in and out of the platform.
The fee for depositing cash via a domestic wire is $8;
the fee for transferring cash out of WeBull is $25. The
fee for transferring cash by international wire from
outside the U.S. is $12.50; the fee for transferring
cash via international wire from outside the U.S. is
$45. The fees for transferring securities in and out of
WeBull range from $0 to $75 depending on whether you use
Apex Clearing or a Contra Broker. Apex charges $75 to
transfer out securities.
Although WeBull provides basic real-time quotes at no
cost to users, advanced quotes are available for a
monthly subscription varying from $3.99 a month to
$82.99 a month depending on which stock exchange you're
subscribing to for advanced quotes. Considering you
can't buy stocks on many of these exchanges, it's
unlikely you'd want the advanced quotes in these
Should You Trade With WeBull?
WeBull's zero commissions will be attractive to
investors of all experience levels. The mobile app
provides plenty of information to keep track of your
favorite stocks and ETFs. It's definitely worth
downloading the app just to try out its $1 million paper
If you're a more experienced trader, there appears to be
enough meat on the bone to make it worth your while to
give WeBull a try. However, if you're
trading stocks for a
living, you might want to consider other options
available that don't provide zero commissions but do
provide a robust trading platform that goes beyond what
a zero-commission brokerage account is able to deliver.
WeBull could be a useful tool for the average buy-and-
hold investor to follow a concentrated portfolio of
stocks or ETFs. However, as I mentioned earlier, it
doesn't support tax-advantaged accounts, so if you want
a low-cost way to save for retirement, WeBull might not
be right for you.
As always, it pays to do your own due diligence, but
from what I've seen, it's worth checking out more
As of this writing, Will Ashworth did not hold a
position in any of the aforementioned securities.