Webull review

Spread from

1.0 pips

EUR/USD spread

N/A

GBP/USD spread

N/A

Commission

N/A; $0 commission on US-listed stocks and ETFs

All-in cost, EUR/USD

N/A

Spread type

Market bid/ask spread

Overnight swap

No; margin interest applies to borrowed funds

Deposit fee

$0 for ACH; wire fees may apply

Withdrawal fee

ACH generally free; wire and outgoing transfer fees may apply

Currency conversion

Applicable where currency conversion is required

Cost separates brokers who are otherwise level on the measures that decide the list.

Spreads from 1.0 pips suggest an all-in account, where the broker's fee is built into the price rather than charged separately. There is usually no commission on top, which makes the cost easier to predict.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

Webull lists a minimum deposit of $0. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Markets

Stocks, ETFs, Options, Futures, OTC Securities, ADRs, Cryptocurrencies, Fixed Income

Currency pairs

0

Total instruments

10,000+ securities and contracts

Crypto CFDs

No; cryptocurrency trading is spot rather than CFD

Maximum leverage

1:4

Execution model

Agency broker / smart order routing

Execution speed

Sub-second under normal conditions

Order types

Market, Limit, Stop, Stop-Limit, Trailing Stop, Bracket, OTO, OCO, OTOCO and algorithmic orders

Servers

US financial-market infrastructure/data centres

Leverage is capped at 1:4, which is the retail limit under tier-one regulation. It is a protection rather than a restriction: it caps how quickly a position can move against your balance.

Webull covers stocks, etfs, options, futures, otc securities, adrs, cryptocurrencies, fixed income. A wider range matters less than depth in the instruments you actually trade.

Funding options: ach bank transfer, wire transfer, brokerage account transfer. Check withdrawal routes as well as deposit ones - they are often not the same, and the difference only becomes apparent when you try to take money out.

Platforms

Webull Desktop, Webull WebTrade, Webull Mobile App, tablet

Own platform

Yes

Mobile app

Proprietary

Browser trading

Yes

Automated trading

No MetaTrader EA support; advanced order/algo functionality available

Copy trading

No

Indicators

60+ technical indicators

Third-party tools

TradingView integration/charting and multiple market-data providers

API access

Yes

Webull offers Webull Desktop, Webull WebTrade, Webull Mobile App, tablet. A proprietary platform can be excellent, but it means your setup does not transfer if you later change broker.

Regulated by

SEC; FINRA; CFTC/NFA for futures

Regulator tier

Tier 1

Register entry

FINRA BrokerCheck, CRD 289063

Client money segregated

Yes

Held at

Client cash/securities held under US broker-dealer custody and clearing arrangements

Negative balance protection

No

Compensation scheme

SIPC up to $500,000, including $250,000 cash sublimit; additional Excess SIPC coverage

Audited by

Independent external auditors

Not available to

Primarily jurisdiction-dependent; US brokerage accounts subject to Webull eligibility and residency requirements

A licence is what puts a broker on this list at all; everything after it decides the position.

Webull holds a tier-one authorisation from CFTC/NFA. That matters more than any headline spread: it determines your leverage cap, whether losses can exceed your deposit, and what happens to your money if the firm fails.

US retail forex is jointly overseen by the CFTC and NFA, with leverage capped near 1:50 and no CFD trading permitted.

Check the licence yourself: FINRA BrokerCheck, NFA BASIC.

Minimum deposit

$0

Account types

Individual Cash, Individual Margin, Joint, Traditional IRA, Roth IRA, Rollover IRA, Futures, Advisory, Paper Trading

Account currencies

USD

Islamic account

No

Demo account

Yes, Paper Trading

Professional account

No dedicated retail Professional account

Minimum trade size

$5 for fractional stocks/ETFs

Time to open

Typically a few minutes; approval can take longer

Deposit methods

ACH bank transfer, wire transfer, brokerage account transfer

Withdrawal methods

ACH bank transfer, wire transfer, brokerage account transfer

Deposit time

ACH typically several business days for full settlement; wire generally same or next business day

Withdrawal time

ACH typically 1-3 business days; wire typically same or next business day after processing

Minimum withdrawal

$1

Local payment methods

ACH for US bank accounts

Support hours

24/7 online support

Contact channels

In-app support, email, phone, Help Center

Languages

English; additional languages available through international Webull operations

Telephone

+1 888 828 0618

Email

support@webull.com

Live chat response

Typically within minutes

Education

Extensive: Education Center, courses/articles, platform tutorials, paper trading and investing education

Research

Extensive: screeners, analyst ratings, company financials, news, technical analysis, options analytics and market data

Legal entity

Webull Financial LLC

Company number

FINRA CRD 289063 / SEC 8-69978

Headquarters

St. Petersburg, Florida, United States

Founded

2017

Publicly listed

Yes

Parent company

Webull Corporation

Employees

500+

Also trades as

Webull