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How Long Does Webull Take to Approve Application? (2024)
How long does Webull take to open a Webull account?
How long does Webull take to approve an account application?
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Webull Application Approval
Signing up for a Webull account is typically quick, with most accounts opened within a day or two. Delays can occur if document verification or application modifications are needed. Here are the details you need.
Key Takeaways
• Generally, setting up a Webull account is quick, taking about a day or two. It may take longer if there are issues with your documents or verification.
• To ensure a smooth process, make sure you meet all of Webull’s requirements before applying.
Webull Application Timeline
Opening a new brokerage account at Webull is usually swift. Below, we outline what you can expect during each step of the process. Delays may occur if any step requires additional attention.
Initial Sign-Up: Start by using a phone number or an email address. This part only takes a few minutes.
Once logged in, you’ll fill out a detailed application form. If you have all your information ready, this should take about ten minutes.
Webull Account Approval: Most accounts are approved in less than a day.
If there’s a need for further review, Webull will request additional documents or information, which can extend the approval time.
Webull Account Activation: Once approved, your account is instantly activated.
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Webull Application Requirements
To ensure a quick approval, make sure you meet all of Webull's requirements before you begin your application. Here’s what you’ll need:
1. A valid email address and phone number.
2. Proof of address, like a utility bill or bank statement.
3. A tax number such as an SSN or ITIN.
4. A government-issued ID such as a passport, driver’s license, or state ID. Note: military IDs are not accepted.
Webull Account Types
Webull offers various accounts including individual cash or margin accounts, as well as IRAs (Traditional, Roth, and Rollover IRAs). Regardless of the account type, the setup time remains the same.
Note that you can only have two individual accounts at Webull if one is a cash account and the other is a margin account.
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Updated on 11/28/2024.
I work in investment analytics and have been investing in the market since I was in high school. I enjoy anything that involves lots of strategy (i.e. a good game of chess), which is why I was naturally drawn to investing and researching companies. Outside of investing, I’m a big fan of the outdoors. In summer, you’re most likely to find me kayaking, camping, and hiking in the mountains.
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