Webull describe themselves as "an all in one self directed investment platform that provides excellent user experience." Webull's primary focus is to use technology to better empower and equip investors with better tools, services, and lower costs. The platform primarily focuses on offering commission free trading on their mobile and web based platforms.

Webull currently offers 4 account types:

Individual brokerage account: An individual brokerage account simply allows you to deposit funds and start trading. You can opt for a cash account in which your deposited funds are your buying power, or a margin account which allows you to leverage your current funds to buy even more securities. Webull recommends every client to have an individual brokerage account, and if you are just getting started to go for a cash account.

Traditional IRA: IRAs are individual retirement accounts. A traditional IRA allows you to contribute pre-tax dollars to the account to save for retirement. In general, the amounts in your traditional IRA, as well as earnings and gains are not taxed until you take a withdrawal.

Roth IRA: A roth IRA is just the opposite of a traditional IRA. You pay taxes up front on the money you contribute to this account, but when you make a withdrawal you don't pay taxes.  

Rollover IRA: A rollover IRA allows you to transfer funds from an old employer sponsored plan to an IRA.

Please note: You must qualify for an IRA and there are limits to these accounts. Consult a licensed financial advisor or visit the IRS website below to learn more.  

Webull's trading platform offers extented trading hours which include pre markert hours (4:00 am to 9:30 am ET) and after hours (4:00 pm to 8:00 pm ET). The trading platform comes with a variety of reasearch tools to help you make more informed decisions which include:

Webull does offer a cash management account for you to store your uninvested cash. The account currently earns an APY of 4.1% and there are no fees associated with the account. A minimum balance is not required to earn the APY and you can deposit whatever amount you like when you open the account. Another great feature of the account is that withdrawals are unlimited so you always have access to your funds when you need them.

Paper trading is simply a virtual trading experience using real market data and situations without the risk of losing any real money. Webull encourages using this strategy if you don't have enough funds to trade yet, if you do have funds, but are not sure where to start, or you simply want to try a new strategy. Paper trading offers unlimited virtual cash while having access to 50 technical indicators and 12 charting tools in live simulations so you can fine tune your abilities.

Webull offers four main tradeable securities: stocks, ETFs, crypto, and options. There are currently 40+ cryptocurrencies and 3,300 ETFs that you can trade. Stocks, ETFs and options all trade commission free. It should also be noted that Webull does offer fractional shares. In other words you can buy just part of a stock with a $5 minimum on qualifying US stocks and ETFs if you don't want an entire share.

Webull offers their platform on both a mobile app and a desktop version. You can also access the platform if you have an online connection. Both the mobile app and desktop are rated well, so there is not to much to talk about here. The bottom line is that both platforms work well and offer a clean interface so you can navigate the platforms even if you are a beginner.

Webull offers 24/7 customer support over the phone and through email. They also encourage users to look in their help center on their website for additional support.

Although Webull is primarily focused on assisting self directed traders, they recently announced they will be introducing an option for automated investing with "Webull Smart Advisor." Similar to other robo advisors, Webull Smart Advisor will build an investing portfolio for you based upon your risk tolerance and keep the investments within your account balanced so you can minimize risk and maximize your return. This feature has not been launched yet, but you can reserve a spot now.

The primary advantage to Webull is that the platform is easy to use and is very affordable. The trading platform works well on both mobile and desktop versions. Although the trading tools are not the most advanced of any platform, they are still very good especially if you are a beginner to intermediate level trader. Having 24/7 customer support is an added bonus.

The primary disadvantage of Webull is that it is not as "in-depth" as other platforms. For example, it does not offer access to mutual funds, or foreign exchange markets, the educational content could be better, and the research tools are not as in depth as other platforms.

Webull is right for you if: