5/31/2023
Webull is an App that has become very popular among all those who want to invest in the USA. The application allows you to invest in stocks and open IRA savings accounts without commissions or with very low cost.
Although many try to compare Webull with Robinhood the truth is that they are very different, here we are going to explain in Spanish everything you need to know about Webull.
Webull is a technology company dedicated to financial intermediation in the US markets, regulated by FINRA and the US SEC. The application is designed to offer financial brokerage services for investors interested in the US markets, as it exclusively offers services for these markets.
Although its purpose is to be a platform for buying and selling stocks, many investors use the application only for information purposes, since it is possible to follow in real time and with updated news any stock listed in the US.
What is Webull?
Webull was born in 2017, although its App was launched in the month of May 2018. Initially, the idea of Webull was to create a tool for investors to make comparisons, studies and analysis on assets traded in the United States.
The objective was to provide new generations of investors with a very useful App that would help them make their investment decisions with the maximum information on each stock or financial asset.
Today Webull is still an App with all the information on US assets, but it evolved into an online broker that allows to start investing from little money, without commissions in many assets or at low cost in others. Today it allows investing in stocks, ETFs, index funds and cryptocurrencies.
There is also a desktop version. Although in the end it is an online broker there are many people who do not invest through Webull and use it to be informed of the US market, with free real time quotes, news, charts and lots of information at no cost.
Webull's main features
- Webull does not charge commissions on stock, ETF or options trades and has no account minimums.
- Webull offers stocks, ETFs, options and cryptocurrencies. This smaller selection of assets is intended to serve a younger customer base that is comfortable with technology and wants information anytime, anywhere.
- Webull is very easy to use, provides good trading functionality and a comprehensive suite of tools and functionality including news, fundamental and technical analysis and stock filters.
- Webull is not a broker for people looking for a broader range of products, such as fixed income, mutual funds or managed accounts.
- Fractional cryptocurrency trading in multiple cryptocurrencies, including Bitcoin, Dogecoin, Bitcoin Cash, Ethereum, Litecoin, ZEC and XLM with no commissions.
- It also offers a powerful desktop version for investors who prefer to follow the market from a personal computer.
Leveraged accounts
Webull allows investors to invest leveraged with its leveraged accounts, the so-called margin accounts. These are accounts that allow investing up to 4 times the money deposited, although Webull requires a minimum of $2,000, so with $4,000 someone could invest for up to $16,000.
Margin accounts charge interest that is calculated on a daily basis and paid once a month. Depending on the amount of money invested the APR ranges from 5.49% to 9.49%. The rates are as follows:
| Interest rate | Amount |
| 5.49% | More than $3,000,000 |
| 6.49% | From $1,000,000 to $3,000,000 |
| 6.99% | From $500,000 to $1,000,000 |
| 7.99% | From $250,000 to $500,000 |
| 8.49% | From $100,000 to $250,000 |
| 8.99% | From $25,000 to $100,000 |
| 9.49% | Less than $25,000 |
Main advantages of Webull
Webull allows free trading on American stock exchanges, offers commission-free trading of stocks, ETFs, options and cryptocurrencies. This is something attractive for small investors who have few resources and start investing.
The account opening process only takes a few minutes. You will receive account and options trading approval very quickly and it only takes a couple of additional minutes to add your bank account and set up a free ACH transfer.
Webull offers free real-time quotes and a free three-month subscription to Level 2 Advance quotes. The service is Nasdaq TotalView and provides greater depth of bids and offers on a security, as well as information showing market depth.
There is also information on auction crosses for all NASDAQ-NYSE-listed and regional stocks on NASDAQ Market Center.
The mobile and desktop App versions of Webull are modern, have a new, intuitive design and are easy to use. The App is packed with useful investor tools.
The App provides news, fundamental information on companies and has watch lists, a stock screener, charts and aggregated ratings from multiple analysts. Despite the density of information, all of this is set up to work efficiently and easily.
Many active investors like to trade the market in the premarket and aftermarket trading periods, and Webull's clients have the ability to access these hours.
Webull's costs
Webull is a no-cost broker. It offers commission-free trading in stocks, ETFs and listed options, and does not charge a fee for account minimums or for its platforms and tools.
When we talk about a commission-free broker, that means Webull does not charge for trades, but does go through Securities and Exchange Commission (SEC) transaction fees and various regulatory and exchange fees, which are generally pennies or fractions of a penny per contract.
Webull's costs are as follows:
- No commissions for online trading in stocks, ETFs or OTCBB trades.
- No commissions on exchange-traded options.
- No commission on cryptocurrency trading.
- Margin is charged for both leverage and short sales, and margin rates are based on account size. At the point of leverage accounts we already detailed the rates ranging from 5.49% to 9.49% depending on the amount we have.
- Money Transfers: No charge for ACH deposits and withdrawals. Wire transfers cost $8 for U.S. deposits and $12.5 if international, and $25 for U.S. withdrawals and $40 if international.
- Charges for paper statements: confirmations are $2 per confirmation; statements are $5 per statement; and the prospectus fee is $2.5 per mailing.
English: Webull: qué es y cómo funciona la App de inversión