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Webull Review: The Data-Driven Investor's Playground

Review Updated
Alice Hoekstra
Author: Alice Hoekstra
Alice Hoekstra
Alice Hoekstra

Alice is a content strategist for Motley Fool Money, where she has worked full-time for almost five years. Throughout her five years at The Motley Fool, Alice has worked on content across a wide range of financial topics, including credit cards, brokerages, banks, mortgages, personal loans, and auto insurance, helping readers make informed decisions with confidence. Her top financial priorities are funding her world travels and giving her cat the luxurious life she deserves. When she’s not working, traveling, or watching Friends reruns, you’ll find her at the nearest concert or Broadway show.

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Nathan Alderman
Fact Checked: Nathan Alderman
Nathan Alderman
Nathan Alderman
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Nathan Alderman has been a full-time Motley Fool employee since 2005, making errors his arch-enemies in a variety of roles including a six-year stint as the dedicated fact-checker for The Motley Fool's premium newsletter services. As Motley Fool Money's Compliance Lead, he makes sure that all the site's information is accurate and up to date, which ensures we always steer readers right and keeps various financial partners happy. A graduate of Northwestern University's Medill School of Journalism, Nathan spends his spare time volunteering for civic causes, writing and podcasting for fun, adoring his wife, and wrangling his two very large young children.

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Webull isn't just another trading app. It's like the tech-savvy friend who knows all the stock market stats, but still makes it easy to keep up. With Webull, you can trade stocks, ETFs, and crypto -- without spending a dime on commissions. Sounds great, right? But is it the right app for you? Let's find out.

Webull
Learn More for Webull

On Webull's Secure Website.

Ratings Methodology
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Webull

Webull

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Our Rating:

Rating image, 4.5 out of 5 stars.
4.5/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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= Excellent
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Bottom Line

Webull is a standout mobile investing app. You can access advanced trading tools on desktop and mobile. Basic trades are commission-free, so it's competitive with similar apps. Consider opening a Webull account for its advanced toolset, more powerful than its closest competitors'.

Fees:

$0 per trade

Account Minimum:

$0

Learn More for Webull

On Webull's Secure Website.

At Motley Fool Money, brokerages are rated on a scale of one to five stars. We primarily focus on fees, available assets, and user experience; however, we also take into account features like research, education, tax-loss harvesting, and customer service. Our highest-rated brokerages generally include low fees, a diverse range of assets and account types, and useful platform features.

Our aim is to maintain a balanced best-of list featuring top-scoring brokerages from reputable brands. Ordering within lists is influenced by advertiser compensation, including featured placements at the top of a given list, but our product recommendations are NEVER influenced by advertisers. Learn more about how Motley Fool Money rates brokerage accounts.

At Motley Fool Money, brokerages are rated on a scale of one to five stars. We primarily focus on fees, available assets, and user experience; however, we also take into account features like research, education, tax-loss harvesting, and customer service. Our highest-rated brokerages generally include low fees, a diverse range of assets and account types, and useful platform features.

Our aim is to maintain a balanced best-of list featuring top-scoring brokerages from reputable brands. Ordering within lists is influenced by advertiser compensation, including featured placements at the top of a given list, but our product recommendations are NEVER influenced by advertisers. Learn more about how Motley Fool Money rates brokerage accounts.

Who should consider Webull?

Webull is a great brokerage if you:

  • Want a low-cost way to trade stocks, ETFs, and crypto.
  • Like digging into charts and analyzing your investments.
  • Don't need hand-holding from a financial advisor.

If you're comfortable with a little tech and enjoy managing your own money moves, Webull might be your jam.

What I like about Webull

Paper trading

New to investing? No problem! Webull's paper trading feature lets you practice with pretend money. It's like Monopoly but for real-world learning. Play around, make mistakes, and learn the ropes -- without putting your cash at risk.

Zero commission fees

With Webull, you can trade stocks, ETFs, and even options without paying a cent in commissions. If you're just starting out and want to keep costs low, this is incredibly helpful. Many big brokerages now offer $0 commissions, but it's always smart to double-check before you commit to a platform.

Advanced tools and features

Webull is packed with tools to help you level up your investing game. Think charts, stock screeners, and even line-drawing tools. Plus, you can customize your dashboard to keep an eye on exactly what you care about. Whether you're a seasoned pro or just starting out, these tools can help you take your investing game to the next level. If you're itching to go from rookie to pro, this investing app is worth considering.

Overnight trading

Can't fit trading into your 9-to-5 schedule? No worries -- Webull has extended hours. You can trade stocks 24 hours a day, five days a week. Morning person? Night owl? Webull doesn't judge. With Webull you'll have access to the market whenever you're available, whether that's in the early hours before heading to the gym or late at night after you've put the kids to bed.

Alternatives to Consider

We recommend comparing brokerage options to ensure the account you're selecting is the best fit for you. To make your search easier, here's a short list of our best trading platforms of 2025.

Broker Best For Commissions Learn More
Logo for SoFi Active Investing
Rating image, 4.5 out of 5 stars.
4.5/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Managing your finances under one roof $0 for stocks,¹ $0 for options contracts⁴
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On SoFi Active Investing's Secure Website.

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Rating image, 4.0 out of 5 stars.
4.0/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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= Excellent
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Low mutual fund fees. $0 per trade
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On J.P. Morgan Self-Directed Investing's Secure Website.

Logo for Robinhood
Rating image, 4.5 out of 5 stars.
4.5/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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= Excellent
= Good
= Fair
= Poor
Low fees on stocks, ETFs, crypto, and options $0 for stocks, ETFs, and options
Learn More for Robinhood

On Robinhood's Secure Website.

Downsides you should consider

Overwhelming for beginners

Webull's interface is loaded with data, which is great if you're into charts and graphs. But for total beginners, it might feel like walking into calculus class without a calculator. You can adjust the settings to make things easier, but if simplicity is your top priority, another platform might be a better fit.

If you're new to investing, take a look at our guides:

No mutual funds

Mutual funds are a beginner-friendly option since they let you invest in a ready-made mix of stocks curated by experts. If you're not ready to dive into individual stock trading, mutual funds can be a great way to get started. Unfortunately, Webull doesn't offer them. You'll need to explore other platforms if that's a must-have.

Fees and pricing

Webull doesn't have any commissions or account minimums. That said, there are a few small fees to keep in mind:

  • Index options contracts: $0.55 per contract -- lower than some of the other big options brokers on the market.
  • Regulatory fees: Tiny fees tied to certain trades (standard stuff for most brokerages).
  • Outgoing transfer fees: Moving your money out of Webull incurs a hefty fee -- $75. Many brokerages charge hefty outgoing transfer fees, so Webull's fee isn't out of the ordinary. Still, it's good to know what you're signing up for ahead of time.

Webull premium

Webull's basic app is free to use, but there's also a premium plan for $3.99 a month or $40 a year. This upgrade gets you extras like:

  • A 2.5% IRA contribution match
  • A 3% IRA transfer match
  • Higher interest on uninvested cash
  • Lower rates on margin, options, and futures trading
  • Access to more real-time data

If you're a regular IRA contributor, the IRA match alone could make the premium plan worth it. Even the best IRA accounts don't usually offer this incredible perk.

How to open a Webull account

Opening a Webull account online is a breeze. Here's how to get started:

  1. Download the Webull app or go to the Webull website.
  2. Sign up with your email or phone number.
  3. Provide your personal information.
  4. Verify your identity and link your bank account.
  5. Start investing!

Final thoughts

Webull is a solid choice if you're looking for an affordable, feature-packed trading app. With tools for advanced users and perks like paper trading, it's a winner for self-starters. That said, it's not for everyone -- especially if you're a mutual fund fan or need a lot of guidance. But if you're ready to manage your own investments, Webull could be your new favorite app.

If Webull sounds like a good match for your investing style, click here to create an account and get started today.

FAQs

  • Webull's practice mode is perfect for beginners who want to get the hang of things without risk. The interface can feel a bit overwhelming at first, but the good news is you can customize it to show only the tools and data you care about.

  • While Webull doesn't charge commissions, there are a couple other fees to keep in mind -- like index options fees and transfer fees for moving your account. Nothing out of the ordinary, but worth noting.

  • Webull is regulated by top financial authorities, so it's considered a safe platform to use.