Webull Review | Is Webull Safe? An Analysis of Regulation, Trading Features, and Fees

1. Brand Background and Development History

• Full company name : Webull Financial LLC

• Parent company background : The parent company is Fumi Technology (a competitor of Futu) , headquartered in New York.

• Founded : 2017

• Core positioning : zero commission trading + mobile investment.

Development History :

• 2017: Launched in the United States, offering commission-free trading of U.S. stocks.

• 2020: Introducing options and cryptocurrency trading capabilities.

• 2021: International expansion and entry into the Singapore market.

• 2023: Global users exceed 20 million.

For more information, visit the Webull website .

2. Trading Account and Conditions

Webull offers the following account types:

Highlights :

• Fractional share trading is suitable for small investors.

• Support for extended trading hours.

insufficient :

• The product categories are limited, lacking foreign exchange and futures.

III. Supervision and Compliance

• United States : Webull Financial LLC is registered with the SEC and a member of FINRA .

• Fund Security : Custody at Apex Clearing, client funds are protected by SIPC (up to $500,000).

• Singapore : Subsidiaries are regulated by MAS .

Regulatory information is highly transparent and can be checked through FINRA BrokerCheck.

IV. Trading Products and Market Coverage

• US stocks and ETFs : comprehensive coverage of NYSE and NASDAQ listed companies.

• Options : Supports US stock options trading with low fees.

• Cryptocurrency : Provides mainstream cryptocurrencies such as Bitcoin, Ethereum, Dogecoin, etc.

Missing markets : no Hong Kong stocks, no foreign exchange, and no commodity futures.

5. Fees and Commission Model

• Stock and ETF trading : zero commission.

• Options trading : Commission-free, but a regulatory fee of $0.65 per contract applies.

• Cryptocurrency trading : Spread model, approximately 0.5%–1%.

• Margin interest : 6.99%–9.74% annualized.

Please see Webull's official pricing for details.

6. Deposit and Withdrawal Methods and Time Limits

• Deposit : ACH is free, wire transfers incur an additional fee.

• Withdrawal : ACH is free, wire transfer is $25–45/transaction.

• Time for ACH to arrive : 1–3 days, wire transfer 1–5 days.

Limitations : Currently, we do not support PayPal, credit card, or cryptocurrency deposits.

7. Technology and Trading Experience

• App design : simple UI, supports K-line and technical indicators.

• Order speed : stable execution and low latency.

• Multi-terminal support : iOS, Android, Web, and desktop clients.

However, for professional traders, the functional depth is insufficient and there is a lack of advanced quantitative tools.

8. User Experience and Customer Service

• Customer Service Contact Information :

• Email: [email protected]

• Help Center

• Language support : English, Chinese.

User reviews : Customer service response speed is slow, and some users on Trustpilot reported withdrawal delays.

9. Media and User Word of Mouth

• Investopedia describes Webull as a "commission-free platform suitable for active investors."

• Trustpilot rating is around 3.4/5.

• Advantages : Commission-free, app-friendly, supports fractional shares.

• Disadvantages : Inadequate customer service, limited product coverage.

10. Competitor Comparison

11. Risk Warning

• Risk of delayed fund transfers : Some users report slow withdrawal speeds.

• Product limitations : Not suitable for diversified asset allocation.

• Customer service risk : Insufficient customer support and limited resolution efficiency.

12. BrokerHiveX Multi-Dimensional Rating (10-point scale)

• Regulatory Compliance : 8/10 – Regulated in multiple countries, with SIPC protection for your funds.

• Trading Conditions : 7/10 – US stocks and crypto are covered, but Hong Kong stocks and futures are lacking.

• Fee Transparency : 8/10 – Stocks are transparent and commission-free, but crypto spreads have hidden costs.

• Technology & Execution : 7/10 – The app is fully functional, but lacks advanced professional tools.

• Customer Service : 6/10 – Slow responses and average user feedback.

• User reputation : 6/10 – Overall rating is above average, but slow withdrawals have been mentioned many times.

Overall score: 42/60 (7.0/10)

13. Conclusion and Investor Recommendations

Webull, an emerging zero-commission investment platform, has attracted a large number of young users with its simple app and commission-free US stock trading. While its regulatory compliance is strong, its limitations lie in its limited product coverage and poor customer service experience.

Suitable for : novice investors and users who want to enter the US stock market with a low threshold.
Not suitable for : Professional investors who require diversified asset allocation or high-frequency trading.