M1 Finance

Webull: Partial (Fractional) Shares Stock Trading


2021: Does Webull offer buying of partial shares of high value stocks such as Berkshire Hathaway (BRK.A), Amazon (AMZN), Tesla (TSLA), Google (GOOG), or Facebook (FB)?



Buying Fractional Shares of Stock on Webull


You cannot directly buy a fractional share of stock (such as Berkshire Hathaway or Google) on Webull or any of its traditional competitors such as TD Ameritrade, Etrade, or Vanguard. However, you can invest in partial shares of stocks by using a $0-commission brokerage firm called Sofi Invest.


Open Sofi Invest Account


Trade stocks, including partial shares, at no cost. There are no account minimums.

Open Sofi Account


Overview of Webull


Have you seen a Webull commercial on TV? The broker has been advertising its zero-commission trading services. You’ll definitely want to know the following facts before opening an account:


FINRA, SIPC, and SEC Memberships


Webull is registered with the Securities and Exchange Commission with I.D. # 8-69978 and with FINRA with I.D. # 289063. On its FINRA profile, we found zero disclosures, a very good sign; although the brokerage firm has only been in business since 2018.

Webull is also a member of SIPC, which means every brokerage account is insured up to $500,000. An auxiliary policy provides additional protection.


Available Products


One of the great things about Webull is its commitment to $0 commissions. On the downside, Webull currently offers trading only in stocks, options, cryptocurrencies and ETF’s. Believe it or not, that’s the maximum range for now. There are no mutual funds, bonds, closed-end funds, futures, or forex.


Unbeatable Commissions


Webull was offering $0 transaction fees before the big players in the industry jumped on the bandwagon. Hard to find a cheaper broker, although there are some fees at Webull that most investors should not worry about.


Accounts Types


Besides its taxable brokerage accounts, Webull also offers Roth and traditional IRA’s. An old plan from a previous employer can be rolled over. Margin accounts are available, too.


WeBull fractiobal shares


Investment Education


But Webull does deliver quite a bit in the research category. On the mobile app, there are cryptocurrency rates shown. The same is true for global securities markets. For example, stock profiles and indexes are shown for Germany, the UK, and Hong Kong. Strangely, the stocks can’t be traded; but there’s a great deal of information on them, including news articles, order flow, analyst ratings, and trade data.

A community forum is a great place on the app for Webull customers to connect with each other and discuss the day’s market news.

A unique feature on Webull’s app is regular paper trading competitions. Customers can sign up for simulated trading games and view the results of past contests.

The broker’s desktop platform offers a decent selection of research materials, including a condensed equity screener.


Mobile App Has Unique Features


Webull’s mobile app has a paper trading mode (with regular contests among customers), crypto rates, a community bulletin board, and information on global stocks. Charting is very good with multiple tools.


Webull partial shares


Some Good Features on the Trading Platform


Despite the flaws mentioned in the previous section, we did find some beneficial features. For example, major forex rates are shown (although the currencies aren’t tradable). There’s also a simulated trading feature where clients can get some extra practice. Finally, the trade ticket has a take-profit order type, something not commonly found elsewhere.


Good Research Tools


Both the platform and mobile app offer some good research tools. For example, a stock’s profile shows key stats like EPS, free float, and market cap. Time & sales information is shown along with order flow.

Perhaps the best feature on the platform is margin information for each entered ticker symbol. The platform states what the long and short requirements are for both day-trading and overnight positions.


WeBull Fractional Shares Disclaimer


WeBull partial shares details can change without notice. Please visit broker's website for a more up-to-date information.