"text": "Recently, Webull has launched options trading for its traders from 2020, where the users can trade options trading on its platform. On the website, no chat support is mentioned. Each valued between $8-$1600. Their approval process does not take more than one day. His primary focus areas include Ethereum and Ripple and crypto mining. When will my crypto day order be cancelled if it has not been filled? As per Webull reviews, it does not charge fees to open and maintain an account. See a side by side comparison of Robinhood vs Webull. Webull does not ask for a minimum deposit, moreover, the account opening process is free. Apart from U.S. based stocks, Webull can track ETFs, Canadian stocks, cryptocurrencies, commodities, futures and options and indices. Options trading privileges subject to Webull Financial LLC review and approval. WeBull trading inactivity and monthly fee, additional transaction charges. Webull does not profit from these fees. Overview of Hidden Fees at WeBull If you are considering opening a Webull brokerage account but are not sure what kinds of costs and fees you should expect you’ve come to the right place. Options trading privileges subject to Webull Financial LLC review and approval. The Clearing Fee is charged by The Options Clearing Corp (OCC) who provides central counterparty (CCP) clearing and settlement services to 16 exchanges. These incorporate stop-loss/take-profit bracket orders, OTOCO, OCO, and OTO. Please ensure that you fully understand the risks involved before trading.No content on the Webull Financial LLC website shall be considered a recommendation or solicitation for the purchase or sale of securities, options or other investment products. Trade stocks, options, ETFs and even crypto for $0.00 with no account minimums on Robinhood – one of the best mobile brokerages. This platform is designed mainly for trading ETFs, and stocks and very recently it has launched its options trading. Learn More>, The Clearing Fee is charged by the OCC which provides central counterparty (CCP) clearing and settlement services to 16 exchanges. Please refer to our Fee Schedule for more details.Check the background of Webull Financial LLC on FINRA's BrokerCheck. We get to know from Webull review 2020, this broker does not offer retirement accounts, custodial accounts, joint accounts, business accounts, or trust accounts. One of the major advantageous features is, rather than charging $0.65 as commission for a contract as other brokerages do, this broker offers its trader's options trading with zero commission and with zero contract fees." Please read Characteristics and Risks of Standardized Options before investing in options.Webull provides crypto trading through Apex Crypto. Webull reserves the right to add, change or modify the fee schedule at its own discretion from time to timewithout prior notice. From the technical point of view, the application gives a real-time bar, line charts, and candlestick that have periods going from 1 minute to 1 hour and a set of data that backtracks to the past 5 years. A 1.25% fee is added to every crypto transaction and all crypto trades need to be above $10 in value and have a maximum of $50,000. Webull primarily focuses on intermediate and experienced independent investors and traders. In order to keep the lights on, we optimize the back-end revenue streams that every other broker (traditional or non) utilize to generate revenue. Specific timing for extended trading is-, Pre-market trading hours are from 4:00 a.m. to 9:30 a.m. EST, After-hours trading hours are from 4:00 p.m. to 8:00 p.m. EST. 1. "acceptedAnswer": { I chose Webull because I absolutely love the mobile app and desktop application. Webull and Robinhood have the same fees for trading stocks and equities which is $0. All fees in the table above are subject to change without notice as per our clearing partner, Apex Clearing. Enjoy Investing. Moreover, both the SIPC protection and the additional insurance policy held by Apex Clearing Corp, does not cover Webull’s customers from a loss of the market value of their securities. Please ensure that you fully understand the risks involved before trading.No content on the Webull Financial LLC website shall be considered a recommendation or solicitation for the purchase or sale of securities, options or other investment products. The bonus amount of details offered by Webull are given below –. Please refer to our Fee … Webull’s commission-free structure is mainly designed for active and short-term traders, who can save a substantial sum on commissions when compared with other. In conclusion, when comparing the two online brokers, we should pay our attention to the year and country of foundation, the regulatory authorities and ways to withdraw funds. All rights reserved by the platform for its tools and features. Webull does not charge commissions for trading options listed on U.S. exchanges. Webull Securities Limited is licensed with the Securities and Futures Commission of Hong Kong (CE No. Should have a valid social security number, They should have a U.S. citizenship, Valid U.S visa or permanent residency, The first step would be to create an account by providing the details like name, email address, phone number. You can read more detailed information on commission fees in the online broker reviews. While we may receive compensation for the process of our Webull reviews, we follow strict standards while reviewing brokers. "acceptedAnswer": { Make an initial deposit of $100 or more and receive 2 FREE stocks, each valued between $8-$1600! Moreover, stocks that are under 1 dollar or potentially have a market cap of 10 million dollars or less are also restricted. of Contracts(Max $55 per Trade), Withdraw via Wire Transfer(International). } Does Webull any promotions for its clients? The Options Regulatory Fee is a fee assessed by exchanges on their members. All fees in the table above are subject to change without notice as per our clearing partner, Apex Clearing. Webull does not charge commissions for trading stocks, ETFs and options listed on U.S. exchanges. Another noteworthy advantage is Webull’s 4x leverage on margin day trades and 2xleverage on overnight positions. Moreover, leverage of 4:1 on margin trades on the same day and leverage of 2:1 on trades held overnight. Now, let’s compare commission fees in Forex, the commission fee of eToro is from 3 pips, and the commission fee of Webull is n/A. First of all, we’ll compare the commission fees of the two brokers. "@type": "Answer", Let us discuss of the features offered by Webull’s platform –, Few advantages offered by Webull are discussed below –. Explanatory brochure available upon request or at www.sipc.org.Our clearing firm Apex Clearing Corp has purchased an additional insurance policy. However, fees are still applied by the SEC, FINRA and OCC, the regulatory agencies. { ©2020 Webull Securities Limited. It is collected by The Options Clearing Corporation (OCC) on behalf of US options exchanges. Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities.Free trading of stocks, ETFs and options refers to $0 commissions for Webull Financial LLC self-directed individual cash or margin brokerage accounts and IRAs that trade U.S. listed securities via mobile devices or Web. Also, options contracts for Webull and robin hood are the same as $0, which is good. Relevant regulatory and exchange fees may apply. This compensation may impact how, where and in what order products appear. Webull provides technical indicators, ratings from research companies, economic calendars, short-selling, and margin-trading for its active clients. "acceptedAnswer": { SEC fees consist of 13 dollars as a charge for a sum of 1,000,000 dollars on only stock sales, with a 0.01dollars minimum. Please read Characteristics and Risks of Standardized Options before investing in options.Webull provides crypto trading through Apex Crypto. It is collected by The Options Clearing Corp (OCC) on behalf of the U.S. options Exchanges. { Overview of Hidden Fees at WeBull If you are considering opening a Webull brokerage account but are not sure what kinds of costs and fees you should expect you’ve come to the right place.