No Regulation

Score

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/10

Webull

United States

|

2-5 years

Suspicious Regulatory License|

Medium potential risk

https://www.webull.com/

Website

Rating Index
Influence

Influence

AAA

Influence Index NO.1

United States 8.31

Better than 98.86% exchange(s)

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Influence
AAA

Licenses

No effective regulatory information has been founded yet, please pay attention to the risks!

Exchange Info

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Company Name
Webull
Phone of the company
+1 (888) 828-0618
Company website
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Customer Service Email Address
customerservices@webull.us

WikiBit Risk Alerts

1
Previous Detection 2024-06-14

It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!

Website

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Time Machine

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User Reviews

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4 ratings

Participate in evaluation
FX1074676905
Webull's trading fees are too high, clearly exceeding other trading platforms. Furthermore, their customer service response is very slow, which makes me very dissatisfied!
2024-02-09 22:11
4
zeally
Webull is a commission-free stock and exchange-traded fund (ETF) trading platform. It allows users to trade stocks, options, and ETFs without paying traditional trading fees. Webull provides a mobile app and a desktop platform, offering features such as real-time market data, technical analysis tools, and a user-friendly interface.
2023-12-20 06:33
9
FX1682311163
Webull's interface is simply top-notch! Very user-friendly making crypto trading a breeze. Plus, their customer support is super responsive and knowledgeable!
2024-03-31 23:09
8
ZogZag NaJude
Webull is a high quality, user-friendly, and reliable crypto trading platform with good customer support. and reasonable trading fees I recommend designing a cool UI!
2023-09-14 14:26
4
Aspect Information
Company Name Webull
Registered Country/Area United States
Founded Year 2016
Regulatory Authority Unregulated
Cryptocurrencies Offered/Available Bitcoin Cash, Bitcoin, Dogecoin, Ethereum, Litecoin, etc.
Trading Platforms Webull App, Webull Desktop Platform
Deposit & Withdrawal Bank transfers, ACH, Wire transfer
Educational Resources video tutorials, articles, and webinars
Customer Support phone: +1(888)828-0618, email: customerservices@webull.us, FAQs, social media

Overview of Webull

Webull is an unregulated online brokerage firm that was founded in 2016 and registered in the United States. As a virtual currency exchange, Webull offers a range of cryptocurrencies including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.

Webull provides its services through its trading platforms, which include the Webull App and the Webull Desktop Platform. Clients can access these platforms to trade virtual currencies and manage their investments.

In terms of deposit and withdrawal options, Webull accepts bank transfers, ACH, and wire transfers for deposits, while withdrawals can be made through bank transfers and wire transfers.

One of the key features of Webull is its commitment to education. The platform offers various educational resources such as video tutorials, articles, and webinars to help users gain a better understanding of virtual currency trading.

Webull also provides customer support through email and live chat channels, ensuring that users can access assistance whenever they need it. Overall, Webull offers a comprehensive range of services for individuals looking to engage in virtual currency exchange.

Overview of Webull

Pros and cons

Pros:

Webull offers a range of cryptocurrencies for trading, including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. This allows users to diversify their virtual currency portfolio and take advantage of different investment opportunities.

The trading platforms provided by Webull, such as the Webull App and the Webull Desktop Platform, offer a user-friendly interface and various tools for managing investments. These platforms allow users to execute trades efficiently and monitor their investments in real-time.

Webull prioritizes education and provides users with a variety of educational resources. These include video tutorials, articles, and webinars, which can help individuals enhance their knowledge and understanding of virtual currency trading.

Cons:

One notable drawback of Webull is the absence of valid regulatory licenses.

Another limitation of Webull is the limited deposit and withdrawal options. While the platform accepts bank transfers, ACH, and wire transfers for deposits, withdrawals can only be made through bank transfers and wire transfers. This may inconvenience some users who prefer alternative payment methods.

In summary, Webull offers a range of cryptocurrencies for trading and user-friendly trading platforms. However, it lacks valid regulation and has limited deposit and withdrawal options, which may be considered as drawbacks for some users.

Pros Cons
Range of cryptocurrencies for trading No valid regulation
User-friendly trading platforms Limited deposit and withdrawal options
Comprehensive educational resources
Multiple contact channels

Regulatory Authority

As of August 2023, Webull has no valid regulation. Unregulated virtual currency exchanges pose certain disadvantages. One significant disadvantage is the lack of legal protections for users. Without regulatory oversight, there is a higher risk of scams, hacking, and theft, as well as the potential for price manipulation and fraud. Additionally, unregulated exchanges may have less stringent security measures in place, putting users' funds and personal information at risk.

Regulatory Authority

To mitigate the risks of trading on unregulated exchanges, it is advisable for traders to conduct thorough research before choosing an exchange. They should consider factors such as the exchange's reputation, security measures, and customer reviews. It is also important for traders to exercise caution and only invest what they can afford to lose. Utilizing secure wallets and enabling two-factor authentication can also enhance security when trading virtual currencies.

Trading Market

Margin Trading:Margin trading enables you to borrow money from Webull and leverage your holdings to purchase securities. This gives you access to additional buying power based on the value of certain securities and assets in your brokerage account.

Trading Market

¥0 CommissionOTC SecuritiesTrading:The platform enables both beginners and experienced investors to trade over-the-counter. Easy trading, anytime, anywhere.

In-depthETF Tradingwith Webull:Webull's charting tools, granular data, and independent analysis aim to empower investors through various platforms and different operating systems

Options Trading on the go:

  • 0 commission and 0 contract fees for equity options

  • Free real time OPRA and index data

  • Multiple trading strategies

  • Easy-to-use app, web and desktop platform

Trade stocks onlinewith a platform thatworks for you: Take advantage of Webull's zero commission rates, quality research, innovative tools and award-winning platform.

Trading Market

Other Services

The exchange also offers smart tools and services and rich user experience, including:

  • Trading Tools: Provide convenient trading tools, including various order types, as well as convenient trading functions.

  • In-depth Analysis Tools: Intuitive charts, various screeners, in-depth fundamental data and news to help clients analyze companies and trends.

  • Free Real-Time Quotes*

  • Multi-platform Accessibility

  • Full Extended Hours Trading

  • 24/7 Online Help

  • *Free real-time quotes provided are Nasdaq Last Sale

Other Services Provided by the Exchange

Security

Webull prioritizes the security of its users and implements various protection measures. The exchange utilizes encryption technology to secure user data and transactions, reducing the risk of unauthorized access and fraud. Additionally, Webull incorporates secure protocols and firewalls to safeguard user information and prevent hacking attempts.

Overall, Webull strives to ensure the security of its users through encryption technology, secure protocols, and firewalls.

Webull App

The Webull mobile platform, available for download on both iOS and Android models, has also made its presence on the Apple Watch. Users can check live stock quotes and charts based on their locations and their personalized watch lists. It offers a streamlined experience for staying up-to-date with custom alerts, market news, and order notifications.Key features include:

  • Convenient Trading: Webull enables trading stocks, ETFs and options for Zero Commission* with no account minimum. Upon opening and funding an account, users can receive up to 12 free fractional stocks. Fractional shares trading allows users to invest in their favorite companies based on their budget.

  • Availability: Webull provides multi-platform accessibility. Users can trade on iOS, Android, Windows, Mac, or Web using one single Webull account. It also extends its full trading hours and allows the queuing of orders at any time.

  • Accessibility for All Investors: Webull is designed for all types of investors. It offers various tools and supports recurring investments in stocks and ETFs. Different investment accounts are available to meet different investment goals.

  • Learning Tools: The Webull app integrates learning, sharing, and practicing. Webull Learn offers over 500 courses encompassing videos and training materials. A paper trading feature allows users to practice trading stocks and ETFs without risking their funds. Questions, strategies, and performances can be shared within the Webull Community.

Webull App
Webull App

Cryptocurrencies Available

Webull offers a range of cryptocurrencies for trading, including Bitcoin Cash (BCHUSD), Bitcoin (BTCUSD), Dogecoin (DOGEUSD), Ethereum Classic (ETCUSD), Ethereum (ETHUSD), Litecoin (LTCUSD), Shiba Inu (SHIBUSD), USD coin (USDCUSD). While for New York state residents, the available currencies to trade are listed below: Bitcoin Cash (BCHUSD), Bitcoin (BTCUSD), Ethereum (ETHUSD), Litecoin (LTCUSD). These cryptocurrencies are subject to price fluctuations on exchanges, meaning their values can rise or fall based on market demand and other factors. Traders can take advantage of these price fluctuations to potentially profit from their trades.

In addition to cryptocurrencies, Webull also provides various other trading products. This includes stocks, ETFs, options, and other investment options. This allows users to diversify their investment portfolio and pursue different investment strategies.

Cryptocurrencies Available

Webull also offers margin trading, which allows users to borrow funds to amplify their trading positions. This can potentially increase both profits and losses, so traders should carefully consider the risks associated with margin trading before engaging in it.

Overall, Webull provides a comprehensive range of investment options, including cryptocurrencies, stocks, ETFs, options, and margin trading. Traders can benefit from the price fluctuations of cryptocurrencies while also exploring other investment opportunities.

How to open an account?

The registration process of Webull can be described in the following steps:

1. Visit the Webull website or download the Webull App from your mobile device's app store. Create an account by providing your email address and setting a password.

2. Complete the account verification process by providing your personal information, such as your name, date of birth, and Social Security number (SSN). This information is required to comply with regulatory requirements.

3. Agree to the terms and conditions of Webull by reading and accepting the user agreement. This agreement outlines the rights and responsibilities of both the user and Webull.

4. Set up additional security measures, such as enabling two-factor authentication (2FA) and setting security questions. These measures add an extra layer of protection to your account.

5. Choose your account type, such as an individual account or joint account, and provide any additional information that may be required for that account type.

6. Verify your email address by clicking on the confirmation link sent to your registered email. This step confirms that the email address provided during registration is valid.

Once these steps are completed, you will have successfully registered an account with Webull and can begin using their services for virtual currency trading and other investment activities.

Promotional campaign

How to Get your FREE Fractional Shares

  • STEP 1:Fund Your Account

During the promotion period, open and fund a Webull individual brokerage account.

  • STEP 2:Claim Ultimate Rewards

When your deposit settles(Usually takes 4-5 businessdays), claim your rewards from the prize board based on the amount of your settled fund.This promotion is only valid for first-time Webull brokerageaccount deposits only.

Promotional campaign

Fees

Webull is stepping up the game with its fee structure, particularly in the crypto realm. What catches attention immediately is their zero-trading-fee policy for crypto transactions, offering traders a hassle-free experience without the worry of fees eating into their gains. Moreover, their 100-basis point spread on both sides of a crypto trade adds a layer of transparency, making it clear and straightforward.

The platform extends its trader-friendly approach by not charging any commissions on stock, ETF, and option trading, making it an attractive choice for a wide range of traders. For those who crave more in-depth information about their fees, Webull provides comprehensive details on their website, setting a transparent standard in an industry that often tends to be complex and opaque.

Deposit & Withdrawal

Webull offers several deposit and withdrawal methods for users. Deposits can be made through bank transfers, ACH, and wire transfers. For withdrawal, users can also choose bank transfers and wire transfers.

Webull does not charge any fees for deposits made via bank transfers, ACH, or wire transfers. However, there may be fees associated with wire transfer deposits, but these fees are imposed by the banks and not by Webull. For withdrawals, Webull charges a fee for bank transfer withdrawals. The fee amount may vary depending on the withdrawal amount and the bank involved. It is important to note that these fees are applied by the banks and not by Webull.

The processing time for deposits and withdrawals may vary depending on the method chosen. Bank transfers and ACH deposits typically take 2-4 business days to process, while wire transfers may take up to 1-2 business days. For withdrawals, bank transfers and wire transfers may take 2-4 business days to process. It is important to note that the processing time also includes any additional time required by the banks involved in the transaction.

Educational Resources

Webull provides comprehensive educational resources to support traders and enhance their knowledge and skills. These resources include trading guides, video tutorials, and webinars. These materials cover a wide range of topics, including technical analysis, fundamental analysis, and trading strategies.

In addition to these educational materials, Webull also offers a community support and communication platform through its social media channels and forums. Traders can join these platforms to interact with fellow users, share insights, ask questions, and learn from each other's experiences.

These educational resources and community platforms provide valuable resources for traders to enhance their understanding of virtual currency trading and make informed investment decisions. It is advisable for traders to take advantage of these resources to improve their trading skills and knowledge.

Target group analysis

Webull is the best trading platform for its rich experience.

Leadership has extensive experience in both the Internet and financial industries, and is committed to the integration of technology and finance to provide reliable, specialized, intelligent and efficient products and services. Enjoy technology, enjoy investment.These factors become ideal for traders.

Is Webull a Good Exchange for You?

Webull is suitable for a variety of trading groups, including beginners, experienced traders, and those looking for a user-friendly platform with access to a wide range of investment options.

For beginners, Webull provides comprehensive educational resources, such as trading guides, video tutorials, and webinars, which can help them learn the basics of virtual currency trading and develop their trading skills. The user-friendly interface and intuitive design of the Webull platform make it easy for beginners to navigate and execute trades.

Experienced traders can benefit from the advanced features and tools offered by Webull. These include real-time market data, advanced charting and analysis tools, and customizable trading layouts. The platform also provides access to a wide range of investment options, including cryptocurrencies, stocks, ETFs, options, and margin trading, allowing experienced traders to diversify their portfolios and pursue different investment strategies.

Is Webull a Good Exchange for You?

Webull is also suitable for those seeking a community-oriented platform. The social media channels and forums provided by Webull allow traders to connect with other users, share insights, and learn from each other's experiences. This can be particularly beneficial for traders looking to engage in discussions, receive feedback on their trading strategies, and stay updated with the latest market trends.

Overall, Webull is suitable for beginners, experienced traders, and those seeking a community-oriented trading platform. Its educational resources, user-friendly interface, advanced features, and access to a wide range of investment options make it a versatile platform for traders of different levels of expertise.

Webull User Review

User 1:

Alright, so Webull's crypto exchange – let's talk about it. The interface? Sleek as heck! Navigating and making trades is like a walk in the park. And they've got a decent bunch of cryptocurrencies to play with, which is a big thumbs-up. But here's the kicker – the trading fees. They're not exactly wallet-friendly, especially if you're doing frequent trades. Customer support, though? Pretty solid. They've bailed me out a couple of times. On the privacy front, I feel pretty secure, but I wish they'd be more transparent about regulations. Overall, it's a cool spot, but those fees, man!

User 2:

Yo, Webull's crypto exchange is my jam. The interface – seriously, it's like they read my mind. Easy-peasy to use and visually appealing. But let's dive into the meaty stuff. Cryptocurrencies? They've got a variety that keeps my trading itch satisfied. Now, those trading fees. Gotta admit, they're on the higher side, especially for us casual traders. But I'm willing to give it a pass because their deposit and withdrawal speeds are on point. I've blinked, and my transactions were done! Stability-wise, no complaints – no sudden crashes messing with my trading mojo. Customer support is a mixed bag – sometimes they're super responsive, other times not so much. Privacy feels solid, but again, clearer info on regulations would be nice. Overall, Webull's got swag, but there's room for polishing those fees and support.

Conclusion

In conclusion, Webull is a virtual currency exchange that offers a range of advantages and disadvantages. Some of its advantages include a user-friendly trading platform, comprehensive educational resources, and access to a wide range of investment options. Traders appreciate the fast access speed and competitive trading fees.

However, there are also some disadvantages, such as lack of regulation, issues with access speed during high market volatility and concerns about fee transparency for certain virtual currencies. Overall, traders should carefully evaluate their individual needs and preferences before choosing Webull as their preferred exchange.

FAQs

Q: How does Webull compare to other exchanges in terms of fees?

A: Webull offers competitive trading fees for virtual currency transactions, calculated based on a percentage of the transaction value. They do not charge fees for most deposits, but there may be fees associated with wire transfers.

Q: What are the deposit and withdrawal methods and processing times on Webull?

A: Webull allows deposits and withdrawals through bank transfers, ACH, and wire transfers. The processing time for deposits varies from 2-4 business days for bank transfers and ACH, and up to 1-2 business days for wire transfers. For withdrawals, bank transfers and wire transfers take 2-4 business days to process.

Q: What educational resources and tools does Webull offer?

A: Webull provides trading guides, video tutorials, and webinars covering technical analysis, fundamental analysis, and trading strategies. They also offer a community support platform through social media channels and forums, allowing traders to interact, share insights, ask questions, and learn from others' experiences.

Q: What are the available customer support channels and hours on Webull?

A: Phone: +1(888)828-0618, email: customerservices@webull.us.

Q: Which trading groups are suitable for Webull?

A: Webull is suitable for beginners, experienced traders, and those looking for a user-friendly platform with access to a wide range of investment options. It provides educational resources for beginners, advanced features for experienced traders, and community platforms for those seeking interaction and insights.

Risk Warning

Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.