webull app review

Webull review

So today we're going to do a review on the Webull investing platform. Now we're gonna be talking about the pros and the cons when it comes to using the Webull as well.  Now, the biggest pro when it comes to using Webull is the fact that they are entirely free to utilize, not just for trading commissions but also to for option trading. So if you're somebody who wants to do option trading, this will be a platform for you. Now, one of the biggest cons when it comes to using this account is the fact that it's not going to be for a lot of the beginner, investors were looking at more intermediate and advanced users when it comes to using Webull. Now, Webull has plenty of different order types to really cater to all types of investors, depending on how you want to go through the process, as well as extended trading hours, which is fantastic for a lot of those investors that really love being in the market as long as possible.

now one big downside when it comes to Webull is that they currently don't have fractional shares available. So you can't be going in by the dollar amount, You always have to be buying in by the share price. Now the data amount that is available is fantastic for those who want to follow through the fundamental strategies or even the technical strategies as well. So you got plenty of information on there for you to pretty much get all that you need directly from the app. Now there is currently no drip available, which is the dividend reinvestment program. So any dividends you get paid out, go right back into your buying power so you can use it for anything else. 

Now there are also no mutual funds or bonds available on Webull app. But of course there are the ETFS as well as individual stocks that you can get into. Now. A great pro when using Webull is the fact that they have paper trading available. And this effectively allows you to pretty much practice in the market with fake money to actually see what happens with real data in real time. And I really like this for a lot of users. So that way you can kind of get an idea of what it's all about.

now there is also margin trading available on Webull. So if you are somebody who likes to go through and use margin, this is going to be one app for you that you can utilize that with. Now, if you're somebody who likes to have a lot of buying power available in their account while they're trying to purchase some stuff, they don't actually have any interest being earned on that amount. Usually that's not a big problem for most people, but just something to kind of keep in mind when having that money sitting in your account. Now, a really great pro with Webull is the fact that they actually have a 24 hour live support service. So that way, if you have questions, you can get the answers to them right away now. We will also allows you to have not just a taxable investing account, but also an ira account if you are somebody who's planning and wanted to save for their retirement. Now one of the biggest cons when it comes to Webull, is the lack of education pieces. When it comes to using the app, it can be a little cumbersome at some point as well, but nonetheless, it is still a great platform across the board, not just on mobile but also on desktop, if you're somebody who likes to go back and forth between both.

Both options now, probably the best pro when it comes to using the Webull is the fact that if you open up an account and deposit 100 bucks, you get anywhere up to four stocks at $1600 in value.