Webull is an online trading platform that offers commission-free stock trading. Webull can be accessed from a desktop computer as well as via a mobile app. With Webull you will get full extended hours trading, real-time market quotes, exchange-traded funds, margins, and Cryptocurrencies. It was founded on May 24, 2017, by Wang Anquan. The main advantage of Webullis that you can invest in stocks for a $0 minimum deposit.
What are the main Webull features
- Webull offers zero commission for trade Stocks, ETFs, and Options
- Zero per contract fee when you trade Options
- Require Zero minimum deposit for brokerage accounts and IRAs
- Webull gives an opportunity to buy and sell Cryptocurrencies at a $1 minimum
- You will be able to trade Bitcoin (BTC), Dogecoin (DOGE), Ethereum (ETH), ETC. with Webull
- Webull provides crypto real-time data, customizable charts, and indicators
- Webull makes possible the fractional shares so you can buy or invest in your favorite companies and ETFs without purchasing a whole share
- You will get free stocks for a limited time after you open and add funds to your Webull account
- You will get free stocks when you refer friends
- After you sign up with Webull you will receive a 3-month complimentary subscription to Level 2 Advance (Nasdaq TotalView).
- Webull allows you to place orders by only using your voice
- Webull app is available for mobile, tablet, etc.
What is the instant buying power of Webull
The Webull offers instant buying power for your ACH deposit which is in transit. It means that you can trade before the deposits settle. Webull provides you provisional cash as instant buying power before your deposit is fully settled so that your trading will remain continuous.
The instant buying power makes it possible to trade stocks and ETFs but you are not allowed to trade options or Cryptocurrencies. The provisional credit from Webull will give you buying power but it won’t increase your cash balance.
In fact, if you trade with provisional credit, your cash balance will become negative. However, the best part of Instant buying power is, there is no interest charged for trading on provisional cash. So when is your deposit settles, your cash balance will become positive and you will be able to see your available balance.
How to deposit fund on Webull account
After opening the Webull account, you have to deposit money on your account to start trading. Webull supports quite a few deposit methods that include bank transfer, credit or debit card, and online wallets like Paypal, Skrill, Neteller, etc. If you want to add funds via your bank account then you have to add your bank account number in the deposit interface of Webull.
You have to make sure that the bank account is in your name, if not, Webull won’t accept the bank account. Then you will need to initiate the bank transfer. Webull will give you a reference number that you should write as a comment in your transaction. The reference number will help Webull identify your deposit.
In addition to this, you may add funds to your Webull account using your debit or credit card. This procedure is very similar to normal online payment. Here, you have to provide the regular card details. While using a card you have to make sure that the card is in your name. Making the deposit with a debit or credit card is the simplest way to add funds on Webull.
Furthermore, the funds can also be added to your Webull account from different online wallets and the process is the same as making a simple online payment. When making the payment, you have to enter the credentials of your online wallets and carry out your transaction. It depends on the payment type how many days it may take for your deposit to show up on your brokerage account.
Splaitor doesn’t provide any investment, money management, or trading advice. Read our Disclaimer to know more.
