Webull review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Webull runs a commission free model where stock trades cost $0 and options contracts cost $0, with fractional shares, crypto and futures on the same account. It suits self directed investors who want wide market choice at low trading costs, and SIPC protection of SIPC up to USD 500,000 behind the account.

Key facts

Best for
Commission free stock, options and crypto dealing in one account
Stock trade fee
$0↗
Markets
Stocks, ETFs, Options, Futures, Crypto, Bonds, Funds↗
Regulators
FINRA, SEC, SIPC↗
Investor protection
SIPC up to USD 500,000↗
Options contract fee
$0↗
Deposit and withdrawal fees
$0 incoming stock transfer↗
Platforms
Desktop, Mobile, Web↗
Account types
IRA↗
Legal entity
WEBULL FINANCIAL LLC↗
Support channels
Email, Phone, Help-centre↗
Features
Crypto, Demo account, Fractional shares, Options, Futures, Mobile app
Pricing model
Commission-free
Official website
webull.com

Facts checked September 26, 2026, 3 sources

Apps and profiles

Get the app
App Store

Pros and cons

Pros

  • Stock trades cost $0 and options trades $0 under a commission free model.
  • One account spans stocks, etfs and options.
  • Fractional shares, a demo account and crypto trading sit in the same feature set (crypto, demo account and fractional shares).
  • Regulated by FINRA, SEC and SIPC, with investor protection of SIPC up to USD 500,000.

Cons

  • Most retail money is lost, with 72.03% of retail accounts losing money across the brokers ranked here.
  • The protection ceiling is SIPC up to USD 500,000, a modest cover against a larger portfolio.
  • Account types are limited to ira.
Webull

Ready to try Webull?

Scored 9.6 / 10 by SumCue.

Who it suits

  • Investors who want stocks, ETFs, options, futures, crypto, bonds and funds dealt in one place
  • Fractional share investors building a position in parts, listed under crypto, demo account and fractional shares
  • People saving into a retirement wrapper, with an IRA among ira

Who should look elsewhere

  • Traders who want forex and CFDs, since CFI lists stocks, etfs and forex
  • Anyone wanting a plain stock and crypto platform, as bunq covers stocks, etfs and crypto
  • Readers looking for a Mexico licensed provider, where CONDUSEF is the regulator listed for Fiesta Credito MX (CONDUSEF)

How Webull compares

Where Webull is available

Available
United States
Licence in United States
FINRA, checked September 26, 2026
Licence in United States
SEC, checked September 26, 2026
Licence in United States
SIPC (SIPC member 71394), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does it cost to trade stocks on Webull?+

Stock trades are commission free at $0 and options contracts cost $0. The pricing follows a commission free model, so the dealing itself carries no commission. Other charges elsewhere in the schedule, such as the cost of moving shares in, apply separately.

What account types can I open?+

The account types listed are ira, so a retirement wrapper is the option described. Alongside it, the same platform covers stocks, etfs and options, which brings bonds, funds, futures and crypto into the same account. Availability of each account depends on where you live.

Is money held in the account protected?+

The broking entity is WEBULL FINANCIAL LLC, regulated by FINRA, SEC and SIPC. Investor protection runs to SIPC up to USD 500,000, and the membership is listed as SIPC member 71394. That limit sits well below the value of a large portfolio, so it matters how much you keep in cash.

Which platforms can I use?+

You can work across Desktop, Mobile and Web, and the mobile app forms part of the feature set (crypto, demo account and fractional shares). That list also carries fractional shares and a demo account, so a position can be built in parts and the platform can be tried before committing money.

How do I move shares into the account?+

Incoming stock transfers are free on the published pricing, at $0 incoming stock transfer. The account supports stocks, etfs and options, so shares held at another broker can be brought across and then dealt alongside crypto and derivatives.

What markets are available?+

The platform covers stocks, etfs and options. Stocks and ETFs sit alongside options, futures, bonds, funds and crypto, with a commission free model listed across the range. The same range also shows up in the feature set, which adds a demo account for practice.

How do I get help if a trade goes wrong?+

Support runs on email, phone and help centre, which is phone, email and a help centre. Live chat is not part of that list, so a complicated query may take more than one exchange before it is settled.

Do most retail investors lose money?+

Most do. Across the brokers ranked here, 72.03% of retail accounts lose money, with the range running 40.3% to 88%. That figure reflects market outcomes rather than any charge by the broker.

Sources

  • sipc.org/list-of-members checked September 26, 2026

    Backs: Legal entity, Licences

    “reportingFileNumber=69978; name=WEBULL FINANCIAL LLC”

  • brokercheck.finra.org/firm/summary/289063 checked September 26, 2026

    Backs: Investor protection, Regulators

  • webull.com/pricing checked September 26, 2026

    Backs: Account types, Deposit and withdrawal fees, Features, Markets, Pricing model, Options contract fee, Platforms, Stock trade fee, Support channels

    “Retirement Accounts (IRAs)”

Compiled from 3 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Minimum deposit, Account fee, Inactivity fee, Retail accounts that lose money.

Webull

Webull

Commission free stock, options and crypto dealing in one account

9.6/10See alternatives