Open WeBull Account
Available nationwide, Webull promotion offer allows you to earn a free stock worth $8 to $1,000 just
for opening an account and depositing $100.
Retirement Accounts
At WeBull customers have an availability to open a wide range IRA accounts (i.e. Roth, SIMPLE, SEP, and Rollover retirement accounts).
Managing the IRA follows the same commission schedule as with standard stock trading and users can close down their IRA free of charge. Mutual funds are
also available on WeBull from Allianz, BlackRock, Fidelity, and more.
Cash Management
WeBull offers an optional investment checking account for no charge. Here, users can invest directly from the same account they make debit or check
purchases from. This account requires a minimum deposit of $25k and will charge the users 3% for all OUS transactions.
WeBull Disadvantages
WeBull offers no customer support during on weekends or after hours which makes it difficult to address issues during these times. Managed accounts and
investment advice is absent on WeBull altogether. The absence of a desktop application is also a bummer but, as stated previously, the excellent online
platform almost makes up for this.
Mutual funds offered through WeBull are skimpy and therefore do not compete well with others. WeBull charges for no-load products
which is a large con as most others, such as TD Ameritrade, do not. Finally, when it comes to options chains, WeBull offers very few pre-defined
strategies whereas TradeStation offers strategies such as butterflies, strangles, and collars.
WeBull Promotion
reviewed by Brokerage-Review.com
Rating: 4
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