When we think of investing in the stock market we imagine Professional stockbrokers spending hours each day watching stock market activity. We all have busy lifestyles and don’t have hours to spend glued to our computer screens to keep an eye on market performance though. Webull allows you to watch the market at your convenience through an easy-to-use graphical interface. You can monitor the performance of your favorite stocks from either your desktop or mobile device.
In the old days, whenever someone wanted to invest they had to take into account fees to trade. This is why I absolutely LOVE Webull. It gives you all the tools that you need to invest, without any annoying costs.
In fact, there are no commissions charged on your trades and the app makes it easy to keep an eye on both the market and your stock portfolio. This makes it an amazing option whether you’re new to investing or an experienced investor.
Webull specializes in the following three types of investment products:
Once your account is set up, funded, and stocks have been purchased you can monitor everything from its easy to understand dashboard. You can monitor the overall market and add stocks to a watchlist as you do your DD (Due Diligence) to find the best performing stocks. When you find a stock that you want to add to your portfolio, you can add it directly from the dashboard, either from your desktop or via your mobile app, which makes things both convenient and quick!
How does Webull work?
You’ll first need to set up an account. You can sign up via your e-mail address or mobile number. Once you’ve provided this, you’ll be required to input the verification code that is sent to you.
You’ll need to be at least 18 years of age to open an account with Webull. During the next state of Webull’s sign-up process you’ll be asked your age, gender, and marital status.
Having a legal residential address in the United States is another requirement to open an account. This information will be requested in addition to your Social Security number. An alternative option is to provide your Individual Taxpayer Identification Number.
You’ll need to provide employment information. If you’re still a student, you can select that option from the Employment Status drop-down box. If you’re employed, you’ll select your industry and enter in your employer’s name.
Next, you’ll need to give Webull information that will help them to understand your investment strategy. You’ll simply state your investing objectives and time frame.
The last thing that is needed is information about your finances which includes your total net worth and annual income. This will help Webull gather the necessary information to make the site work best for you.
Webull will then verify your identity which is required to be compliant with SEC and FINRA regulations. You’ll need to upload your driver’s license or state ID and upload a picture of yourself.
There are no commissions for trades and there is no required minimums to invest with Webull. As with any trading platforms though, you’ll need to pay regulatory fees for certain transactions. These fees are minimal.
Webull’s Features and why you’ll love it
Account Approval is Quick and Easy
Just provide the basic information I told you about earlier along with your state-issued ID and it’ll be a breeze to get approved.
You don’t have to worry about putting a lot of money into fees. You’ll pay no commissions and have no monthly deposit minimums. This allows you to put more money into your portfolio due to the savings.
You are in Control
You are in control of building and managing your portfolio by using either the mobile or desktop app. You can monitor your investments and watch the market while updating your portfolio as you improve as an investor.
Access to top-quality resources
Webull gives you a dashboard that presents a real-time visual representation of how the market is performing. You can add stocks to a watch list to see how well they are performing before you make the jump to invest in them.
Want an edge over the competition? Webull can help you do so as you can take advantage of after-hours trading, starting at 4AM (EST) each trading day and going up to 8PM (EST).
Who should use Webull?
Webull has an easy-to-use interface that makes it ideal for young investors that are just starting out. It’s a great way to learn the market and stay on top of your investments. I almost wish Webull came out years ago when I first started to invest.
Webull is great because of its dashboard and research tools. Those who plan to spend a considerable amount of time managing their investments will benefit greatly. You don’t need to log in every day, but monitoring your progress on an ongoing basis is ideal for risk management.
Who shouldn’t use Webull?
Investors that need direction
If you want to just set up your portfolio and let things go from there, then Webull isn’t the best option for you as it’s a self-directed investment platform. It’s geared towards those who want to build and manage a portfolio in a hands-on manner.
Investors who want personal management
Traditional investing had a trusted broker that built and managed your portfolio. This was great if you were able to find someone who was good at it. If you prefer the old school way of picking up a phone and calling a broker, then Webull isn’t for you.
Webull specializes in stocks in the United States. If you want a more global investing approach then you may not find what you want here. However, you can combine Webull with an app that specializes in global investing to garner the maximum investing benefit and get the best of both worlds.
Pros & Cons of Using Webull
No commissions: Trades that you make through Webull will have no fees except for the specific cases we outlined above.
No minimum balance requirement: You can get started with a very small account and work your way up to a bigger account if you so desire.
Research Resources are Plenty: While making money you’ll learn the market as you go in your self-directed investment journey.
Online Only: Your Webull experience is limited to the app.
Support is Limited: Limited Customer Support is provided, but you won’t get the guidance that you can get with some of Webull’s competitors.
Completely Self-Guided: You have to build and manage your portfolio on your own.
My Webull Experience
Webull’s dashboard allowed me to see at a glance how a particular stock performed. Their dashboard allows you to see how stocks trended over time to determine if they’re a good buy. You can easily search for stocks using the search bar at the top of the center console. Once you’re account is set up, you can sell and buy directly from within the dashboard. If you want to check out the overall market, you can click on the globe icon on the left taskbar to get a real-time overview.
I found Webull to be very intuitive to use. I really enjoyed checking out my watchlists and seeing how well my stock picks performed at a glance.
Stock Lending Income Program
Another great feature that I ABSOLUTELY LOVED about Webull was the Stock Lending Income Program. This program gives you the opportunity to earn extra income on fully-paid stocks held in your account by allowing Webull to borrow certain stocks. While your shares are loaned out, you get paid an income that is accrued daily and credited to your account on a monthly basis. I’ve personally used the extra income to purchase additional stocks. It’s great!!!
Did you learn how Webull can help you to invest?
Webull allows you to take charge of your investments and monitor the market. If you’re someone that likes to manage your financial activities while conducting your own research, Webull is a great online trading platform that will help you to easily manage your stock portfolio. I hope you enjoyed reading this blog post and if you’d like 2 free stocks after a $100 deposit to your account with Webull you can sign-up via my affiliate banner link below! (Click on the Banner)