Webull under 18

Webull Age Requirement. How Old Do You Have To Be To Open a Webull Account in 2022


Webull age limit. How old do you have to be to open an investment or IRA account at Webull brokerage in 2022? Webull account for under 18 years old.


Minimum Age to Open a Webull Account


The minimum age to open a brokerage account at Webull is 18. The firm does not permit minors under that age to open accounts. Moreover, Webull does not offer custodial accounts, so minors are pretty much left out in the cold.

However, there are other brokerage firms out there that do offer custodial accounts, and these could be a viable alternative to Webull. The most popular of these brokers is TD Ameritrade. Learn more about the TD Ameritrade custodial account.


Webull Website



Open WeBull Account

TD Ameritrade Website



Open TD Ameritrade Account

TD Ameritrade Review


TD Ameritrade is one of the leading brokerage companies in the United States. Competitive fees, excellent customer service, and independent third-party research compliment their wide spectrum of investment products. TD Ameritrade is an effective brokerage firm for long-term, medium-term, and short-term investors. First time traders and investors will find plenty of educational resources to get started. Intermediate and advanced traders will have access to major news events and market changes.


ACCOUNT TYPES


Every trader has their own unique style of trading and investing. TD Ameritrade offers a plethora of account varieties to choose from in order to meet the requirements of every trader.

TD Ameritrade offers dozens of account types that are separated into five basic categories: standard, retirement, education, specialty accounts, and managed portfolios. Within each category, traders have the opportunity to choose from even more specific account types, each one crafted to meet the demands of almost any investor.

Common accounts, like IRA, small business plans, individual cash accounts, margin accounts are easily managed through their easy-to-use interface. Managed portfolios are carefully monitored and balanced by professionals. This type of an account is ideal for investors who have active lifetstyes and don’t have the time to adjust to market news and changes.


TD Ameritrade Funds Investing


PLATFORMS


TD Ameritrade offers multiple trading platforms for a trader’s convenience. The first platform is their web platform. Trading on the web platform may be a bit more challenging for an intra-day trader that enters and exits the market within seconds. The execution speed is quick, but page loading time can be very slow. This is partially due to the amount of clutter TD Ameritrade puts on their web platform page. Graphic-heavy advertisements in the corners, unnecessary widgets at the top and bottom of the page, and irrelevant clutter such as texts and images scattered throughout slow down the page loading times. The forms required to place a trade can be a bit tedious as well. Orders are a 2-3 step process involving multiple page loads. This can be a serious problem for intra-day traders who need to enter and exit a market in seconds.

TD Ameritrade’s second platform is the mobile app. The mobile app is a similar to the web platform with a few minor differences. The pages are cleaner and feel less cluttered and the execution speed is much faster.

The third platform is TD Ameritrade’s ThinkorSwim platform. The app is simple and without clutter. Because the app functions in its own window, a trader can easily move from the app to the browser to access news and charts quickly, or even split the screen so that a trader can see both browser and app at the same time. The app would be ideal, however some users may find the app to be too glitchy. This is especially true for Mac users. The app occasionally freezes and will close randomly. To fix this, the trader must restart the app. Sometimes multiple times. Last, trades may not be executed which is a critical issue for intra-day traders.


PRICES AND FEES


TD Ameritrade’s prices and fees are competitive. To purchase an equity, a trader should expect to pay $0 USD to buy or sell, per order.

Option contracts are similar priced to TD Ameritrade’s competitors. The standard $0 fee applies to both buying and selling orders, plus $0.65 per contract.


Ameritrade


Open TD Ameritrade Account



Open TD Ameritrade Account

RECOMMENDED REQUIREMENTS


Due to the rates and fees, a long-term trader should have a portfolio value of $5,000 or more for proper diversification and risk management. An active intra-day trader should have more than $25,000 to avoid the breaking the pattern day trader rule. Any trader with less than the recommended $2,000 will run the risk of seeing their accounts deteriorate due to TD Ameritrade’s fees.

Managed portfolios with the automated trading accounts have a $5,000 minimum requirement and a 0.3% fee. A broader range of automated investing through mutual funds and ETFs requires a $25,000 minimum portfolio size.


EDUCATION AND TOOLS


Every investor understands that news can impact market fluctuations. This is especially useful for short-term and intra-day traders. TD Ameritrade offers independent third-party news reports that, for the most part, are timely published (though not always.) For intra-day traders, a news article published twenty minutes too late can mean the difference between a successful trade and a failed one.

When it comes to education, TD Ameritrade surpasses the competition. New investors who have never traded or invested can read through hundreds of pages that teach rudimentary fundamentals of trading to become highly skilled. TD Ameritrade also offers beginners step-by-step videos, articles, and a guide. These guides are simple, easy to understand, and introduces traders to new vocabulary as well as investment tips and strategies. Advanced traders have easy access to a thorough technical and fundamental analysis of various markets and equities. TD Ameritrade even offers Forex trading with a 1:50 leverage. Standard commission rates and swap fees still apply to TD Ameritrade that vary depending on the currency pairs.


BEATING THE COMPETITION


TD Ameritrade is one of the most popular brokerage firms in the United States. Their excellent customer service, reliable platforms, competitive fees, and wide spectrum of accounts has earned the respect of successful professional traders in the United States. Even a new trader can use TD Ameritrade’s simple, but informative guides and resources to steadily grow their portfolio with proper risk management.


Open TD Ameritrade Account



Open TD Ameritrade Account

About the Author
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.