Webull: Best Broker for Scalping
• Webull offers many tools for scalping, though it has some weaknesses.
• Scalpers can find good value at Webull because the broker charges no commissions on many assets.
• Scalp traders have excellent software at Webull.
Overview of Scalping at Webull
With advanced software and low fees, Webull is great for scalping, though it has a few downsides. Here’s the breakdown:
Resources for Scalping
Scalpers at Webull will find helpful tools for placing orders. The broker offers a strong mobile app, desktop program, and web platform. Charting and order entry are advanced on all three platforms.
Margin Availability
Webull accounts can be set up as cash or margin accounts. Margin accounts allow trading with borrowed money and unsettled cash. While Webull offers IRAs, they are cash-only and don’t support limited margin.
Taxable individual and joint accounts have low margin rates:
| Margin Loan | Premium | Non-Premium |
|---|
| Less than 25K | 5.95% | 8.74% |
| 25K to 100K | 5.75% | 8.74% |
| 100K to 500K | 5.2% | 8.74% |
| 500K to 1M | 5.15% | 8.74% |
| 1M to 10M | 4.95% | 8.74% |
| 10M to 25M | 4.9% | 8.74% |
| 25M+ | 4.65% | 8.74% |
Short positions have varying rates depending on the day and security. Margin accounts get up to 4x buying power for day trades (2x for overnight trades).
Asset Classes for Scalping
Scalpers can trade various assets at Webull, including futures, options, stocks, ETFs, closed-end funds, and bonds. Not all these assets are highly volatile, so they may not be ideal for scalping. Some trades also have commissions.
Fees and Minimums
Webull accounts have no recurring fees or minimums. Fractional-share trading allows for small-dollar orders.
There are no commissions on equity options, stocks, ETFs, or closed-end funds. Futures, however, have commissions ranging from $0.25 to $1.50 per contract.
Index options cost $0.55 per contract, per side. Bond trades cost 0.07% to 0.7% of the trade value, depending on the security.
Exchange and regulatory fees are passed on to customers. Depending on the trades, scalping at Webull can be cost-efficient or expensive.
Webull Promotion
Visit Webull Website
Scalping on Webull’s Desktop Platform
Webull’s desktop program works on Windows, Linux, and Mac. After downloading, a one-time login is required, followed by a simple PIN for future access.
Orders can be placed using multiple trade tickets. Some useful ones for scalping include:
TurboTrader
TurboTrader Options
TurboTrader Futures
TurboTrader Entry
Price Ladder
These trade tickets allow for fast order entry.
Orders can also be placed directly from charts by right-clicking and selecting buy or sell. This submits a limit order at the best bid or ask price, typically filling immediately without a confirmation window.
Webull’s desktop platform has a demo mode for practicing with virtual money. To access it, click the Paper Trading icon in the left-hand menu.
The platform also tracks day trades. To check this, click the Account icon in the menu and look for “Day Trades Left.”
Scalping on Webull’s Browser Platform
Webull’s browser-based platform is similar to the desktop version. Click the Webtrade link at the top of the site to launch it. The Account section shows day trades, day-trading buying power, and overnight buying power.
Both the desktop and browser platforms offer voice quotes, which can be enabled or disabled. The icon for this feature is in the upper-left corner.
Bracket orders (entry with take profit and stop loss) are available on some order tickets. However, features like order-flow details are only on the desktop platform.
Scalping on Webull’s Mobile App
The mobile app also supports scalping. Charts include many tools, such as technical studies. Orders can be placed directly from charts by holding down a finger to bring up trade buttons. A turbo order form is also available.
Judgment
Webull offers extensive resources for scalping at little to no cost.
Updated on 2/9/2025.
Chad Morris is a financial writer with more than 20 years experience
as both an English teacher and an avid trader. When he isn’t writing
expert content for Brokerage-Review.com, Chad can usually be found
managing his portfolio or building a new home computer.
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