Webull at a glance
Financial services trading platform offering commission-free trading in US listed equities, fractional shares, exchange-traded funds (ETFs), options, and index futures with advanced charting and extended-hours market access.
Webull reports a founding year of 2017 and a head office in New York, United States. It lists 3 regulators and 3 trading platforms.
BrokerBazaar verdict
Webull is a Tier-1 regulated US broker-dealer and UK FCA-authorised securities firm offering zero-commission trading across equities, ETFs, and options. It is well suited for self-directed technical and retail options traders seeking analytical charts and extended-hours trading, backed by SIPC and FSCS asset protection schemes.
Legal entities, regulation and licences
Webull operates through 2 legal entities, each supervised separately. Your account is with one specific entity, so the protections you receive depend on which one onboards you, not on the group's strongest licence. Overall, the group is supervised by no regulator we could map to a public register.
Licence check: Not independently checked. This broker has submitted its details. BrokerBazaar has not yet independently checked them. A company registration or general business licence is not permission to offer regulated brokerage services; only the register entries linked in the table count.
Countries accepted and restricted
Webull states that it accepts clients from United States, Global. Availability is decided per entity and can change without notice; residents of jurisdictions such as the USA, and often the EU and UK, are frequently excluded from offshore entities.
Known restrictions flagged in our review: Deposit and withdrawal rails are restricted to formal banking channels (ACH and Wire).
Trading products, platforms and account types
Instruments: US Stocks, Fractional Shares, ETFs, Options, Futures, Cryptocurrencies. Platforms: Webull Desktop, Webull Mobile, Webull Web App. Account types: Individual Cash Account, Individual Margin Account, Traditional IRA, Roth IRA, Rollover IRA.
Best-for tags assigned by our team: Commission-Free Trading, US Equities, Options Trading, Extended Hours Trading, Advanced Charting.
Minimum deposit, spreads, commissions and other charges
The minimum deposit is $0. Spreads start from Market spread and commission is $0 on US stocks and ETFs. Maximum leverage is Up to 1:4 (by entity), subject to the cap of the entity that holds your account.
Swap-free / Islamic account: not specified. Swap type: not specified. Headline spreads are usually quoted for the most expensive account tier's cheapest instrument; compare total cost for your typical trade.
Deposits and withdrawals
Deposit methods: ACH Transfer, Bank Wire Transfer. Withdrawal methods: ACH Transfer, Bank Wire Transfer.
Withdrawal speed and fees are set by the entity and payment provider. Withdrawal delays are the most common complaint category on BrokerBazaar across all brokers; keep identity documents current and withdraw to the same method you deposited with where required by anti-money-laundering rules.
Execution model, negative balance protection and client money
Negative balance protection: Not specified. Scalping allowed: Not specified. Algorithmic trading allowed: Not specified. News trading allowed: Not specified. Hedging: not specified.
None of the recorded entities holds an active licence to keep client accounts, so no regulator's client-money rules can be assumed.
Not covered: Webull Financial LLC (Financial Industry Regulatory Authority (FINRA) / SEC); Webull Securities (UK) Ltd (Financial Conduct Authority (FCA)). This licence covers a different activity (such as securities, wealth or payments), so its client-money rules do not apply to a forex or CFD account.
Complaints and dispute process
Formal complaints: clientservices@webull.us. Phone: +1 929 484 0816. US client disputes must be submitted to the Webull compliance desk. If unresolved, complaints can be escalated through the FINRA Investor Complaint Center or binding FINRA arbitration. US accounts are protected by SIPC insurance up to $500,000 (including $250,000 for cash claims). UK account holders under Webull Securities (UK) Ltd may escalate disputes to the Financial Ombudsman Service (FOS) with statutory FSCS compensation up to £85,000.
If the broker does not resolve a complaint, escalate to the ombudsman or regulator of the entity that holds your account. BrokerBazaar's Dispute Support Desk can help you document and escalate a case.
Strengths and limitations
- Strength: Zero commissions on US exchange-traded stocks, fractional shares, ETFs, and options contracts
- Strength: Full extended trading hours support (Pre-market from 4:00 AM to Post-market until 8:00 PM EST)
- Strength: Advanced proprietary desktop and mobile interface with Level 2 Nasdaq quotes and technical indicators
- Strength: Tier-1 regulatory protection via US SEC/FINRA (SIPC insured up to $500,000) and UK FCA (FSCS covered)
- Limitation: High customer support wait times and automated phone routing reported on consumer review boards
- Limitation: Does not provide traditional retail MT4 or MT5 platform integrations
- Limitation: Overnight margin borrowing rates can be high for non-tiered balance tiers
- Limitation: Deposit and withdrawal rails are restricted to formal banking channels (ACH and Wire)
Who this broker suits, and who it does not
Webull is most relevant to traders looking for: Commission-Free Trading, US Equities, Options Trading, Extended Hours Trading, Advanced Charting.
It is less suitable for anyone who needs a strict-tier regulator in their own country of residence, for residents of restricted jurisdictions, and for beginners who have not yet understood leverage and margin. Nothing on this page is personal financial advice.
Webull change history
Every published fact change, with the previous value and the date it took effect. Each entry says whether the broker made the change itself or our editors checked it against an official source. Regulation and licence claims are always checked by an editor.
No fact changes recorded for Webull yet. Changes appear here as soon as the broker updates its profile or our editors confirm a change.
Frequently asked questions about Webull
Data sources. Broker submission, the regulator registers linked above, web-archive and domain records, and third-party traffic data. No independent licence check date is recorded yet. External ratings: Google Play Store 4.4/5; Trustpilot 1.4/5; WikiFX 6.84/10.
Commercial disclosure. BrokerBazaar is independent and not owned by any broker. We may receive a referral fee if you open an account with Webull through our links; this never affects scores or verification. How we make money. Trading leveraged products carries a high risk of loss.