Webull Review | Is Webull reliable? A complete analysis of regulatory licenses, investment products, transaction fees, and user reputation.

1. Brand Background and Development History

• Full company name : Webull Financial LLC

• Founded : 2017

• Headquarters : New York, USA & Beijing, China

• Parent company : Webull Corporation (shareholders include Fosun International)

• Positioning : Young, commission-free, multi-market trading

Development Milestones :

• 2017: Webull launched in the United States, focusing on mobile transactions

• 2018: Launched zero-commission US stock and ETF trading

• 2020: Open options trading and add some cryptocurrencies

• 2021–2024: Expand to markets such as Hong Kong, China, and Singapore, with global user base exceeding 40 million.

📌 For more information, visit Webull's official website .

2. Trading Account and Trading Conditions

Account Type

• Standard Brokerage Account (Individual Investing)

• Margin account (subject to passing suitability test)

• IRAs : Traditional IRA, Roth IRA, SEP IRA

• International accounts : available in some countries (such as Singapore and Hong Kong)

Trading Conditions

• Stocks & ETFs : Zero Commission Trading

• Options : Commission-free ($0 base fee + $0/contract), very competitive

• Cryptocurrency : Supports Bitcoin, Ethereum, Litecoin, etc., no commission, but there is a price difference cost

• Mutual Funds/Bonds : Not supported

• Minimum deposit : No minimum deposit limit for opening an account (margin account starts at $2000)

III. Supervision and Compliance

• U.S :

• Webull Financial LLC is an SEC registered broker-dealer

• Member of FINRA

• Customer funds are protected by SIPC up to $500,000 (cash limit $250,000)

• Other markets :

• Singapore: Holds MAS license

• Hong Kong: Holds SFC license

Conclusion: Webull is a compliant brokerage firm regulated by multiple countries, and the security of funds is reliable.

IV. Investment Products and Market Coverage

• Stocks : US stock market

• ETFs : Broad Coverage

• Options : Commission-free, rich strategies

• Cryptocurrency : Supports mainstream currencies (BTC, ETH, LTC, etc.)

• IPO : US stock IPO (partial eligibility)

• Not supported : Mutual funds, bonds, futures, forex

📌 For a detailed product list, please see Webull Products .

5. Trade Execution and Technical Performance

Platform Advantages

• Webull App (mobile) : simple and intuitive, suitable for young users

• Desktop : Provides advanced charting and technical analysis tools

• Trading features : real-time quotes, Level II data (fee required), simulated trading, social community

• Order type : supports basic order types such as limit, market, stop loss, etc.

Execution quality

• Transparent order routing

• The community function is powerful, and users can interact and share investment strategies

6. Deposits and Withdrawals and Fund Management

• Deposit methods : ACH free, wire transfer ($8–$12)

• Withdrawal method : ACH free, wire transfer $25 (international wire transfer $45)

• Fund security : Customer funds are isolated and managed, SIPC protected

7. Customer Service and Multilingual Support

• Customer service channels : online customer service, email

• Service hours : weekdays, not 24/7

• Language support : English, Chinese

• User feedback : Customer service quality is average and response speed is slow

Contact Information:

• Help Center: Webull Help Center

8. Third-party media and user reviews

• Investopedia : Webull Review , calling it "one of the best brokers for commission-free active traders"

• NerdWallet : Webull Review , rated 4.3/5, emphasizing the commission-free option advantage

• Trustpilot : Webull Trustpilot , rated 2.1/5. Users criticize customer service and withdrawal speed, but approve of the commission-free and app usability.

9. Competitor Comparison

10. Risk Warning

• Inadequate customer service : Trustpilot users collectively complain about customer service efficiency.

• Fund transfer speed : International wire transfers are more expensive

• Product limitations : lack of bonds, funds, futures, and foreign exchange

• Regulatory risks : Due to China's background, there may be policy uncertainty in the international market.

11. BrokerHiveX Six-Dimensional Rating (10-point scale)

• Regulatory Compliance : 8/10 — SEC/FINRA/SIPC, International Expansion Compliance

• Trading conditions : 8/10 — Stocks/ETFs/Options/Crypto coverage, commission-free advantage

• Fee Transparency : 9/10 — Commission-free trading on stocks and options, transparent crypto spreads

• Technology and Execution : 8/10 — Good performance on mobile and desktop

• Customer Service : 5/10 — Poor customer service and negative user reviews

• User reputation : 6/10 — Positive reviews from professional media, but lower on Trustpilot

📊 Overall score: (7.3/10)

12. Conclusion and Investment Recommendations

Suitable for people

• Young investors

• Users who prefer zero-commission trading and options investing

• Investors who need a mobile-friendly platform

Not suitable for everyone

• Users who want to invest in bonds, funds, foreign exchange, and futures

• Investors who focus on customer service experience and capital efficiency

Overall evaluation
Webull is a legal and compliant brokerage firm focused on zero commissions, targeting younger investors. It offers significant advantages in transaction fees and platform usability, making it suitable for a new generation of investors. While its customer service and deposit and withdrawal efficiency may be limited, it remains a noteworthy zero-commission trading platform.