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https://www.webull.com/

Webull

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U.S.-focused multi-asset online brokerage offering self-directed stocks, ETFs, options, futures and crypto access via Webull Pay, plus advisory/robo-advisor services through Webull Advisors. Regulatory protections and entities differ by product: securities accounts are SIPC/Excess SIPC eligible, futures accounts are not SIPC protected, and crypto is not FDIC or SIPC insured.

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86

/100

Overall score

Overall score looks strong, with high-confidence evidence. Still verify country/entity terms.

Based on evidence13 sources
Trust
97
Cost
70
Withdrawal
86

Read first

Decision summary

86

/100

Overall

Overall looks strong, with high-confidence evidence. Still verify country/entity terms.

Headline score from research fields, regulation evidence, and scoring payload.

Best for

Forex/CFD traders comparing cost, platforms, trust, and withdrawal terms.

Watch out

Entity, country restrictions, and high-risk fee fields should be checked carefully.

Trust signal

Trust looks strong, with high-confidence evidence. Still verify country/entity terms.

Withdrawal signal

Withdrawal looks strong, with high-confidence evidence. Still verify country/entity terms.

Deposit
No minimum deposit requirement disclosed for Webull Financial accounts.
Pricing
Not applicable/not disclosed for commission-free U.S. securities brokerage; futures/crypto execution costs may vary and are product-specifi…
Withdrawal
Domestic wire same day/1-2 business days and international up to 5 business days; ACH withdrawal references indicate typically 1-2 business…
Safety
Not disclosed as a general policy; margin and options disclosures state customers can lose more than the original investment/deposit.

Availability

Countries and restrictions

Availability can vary by legal entity, account type, and local regulation. Treat this as a shortlist signal and verify details with the broker before opening an account.

Restricted Countries

Restrictions are product- and account-dependent; complete availability list not disclosed on checked official pages.

Source

Evidence

Source-backed details

Trust5 fields

Regulators

Webull Financial LLC is SEC-registered and FINRA/SIPC/NYSE/NASDAQ/Cboe EDGX member; futures are CFTC/NFA; Webull Pay LLC is a licensed money transmitter for crypto.

Source

License Numbers

FINRA CRD 289063; NFA BASIC profile 0528018; Webull Pay NMLS 1886762; Bakkt NMLS 1890144.

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Regulated Entities

Webull product entities include Webull Financial LLC for securities, Webull Futures LLC/Webull Financial LLC futures disclosures, Webull Advisors LLC for advisory, Webull Pay LLC for crypto, and Bakkt as a crypto service provider in some states.

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Negative Balance Protection

Not disclosed as a general policy; margin and options disclosures state customers can lose more than the original investment/deposit.

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Investor Compensation

SIPC and Excess SIPC apply to Webull Financial LLC securities accounts only; futures and other assets outside the securities account are not covered, and crypto is not FDIC or SIPC insured.

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Cost7 fields

Minimum Deposit

No minimum deposit requirement disclosed for Webull Financial accounts.

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Spread From

Not applicable/not disclosed for commission-free U.S. securities brokerage; futures/crypto execution costs may vary and are product-specific.

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Commission

Zero stock/ETF/options commissions on U.S.-listed securities, with index option and oversized order contract fees plus pass-through fees.

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Maximum Leverage

Webull margin accounts disclose up to 4x day-trading leverage and 2x overnight leverage.

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Deposit Fee

Deposit costs vary by method and failure/return; current pricing page emphasizes transfer/stock transfer fees but ACH deposit fee is not disclosed as charged.

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Withdrawal Fee

Wire and ACAT/outgoing stock transfer fees are disclosed; ACH withdrawal fee not disclosed in checked pages.

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Inactivity Fee

No inactivity fee found in checked official pricing/disclosure pages.

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Availability1 fields

Restricted Countries

Restrictions are product- and account-dependent; complete availability list not disclosed on checked official pages.

Source
Product5 fields

Tradable Assets

Stocks, ETFs, options, OTC/fractional/ADR securities, futures, crypto, fixed income/money market and managed ETF portfolios are disclosed, with eligibility caveats.

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Trading Platforms

Desktop, web, mobile app, and iPad access are disclosed; Desktop supports Mac, Windows and Linux Ubuntu downloads.

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Account Types

Individual cash/margin, IRAs, futures, advisor, entity, joint, event, custodial, and crypto account types.

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Deposit Methods

ACH, wire, direct deposit, debit card, rollover check and internal transfer/crypto-to-brokerage flows appear in official funding/help pages.

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Withdrawal Methods

ACH and wire withdrawals are disclosed; crypto sale proceeds outside NY/Guam/Northern Mariana Islands must be transferred to brokerage before withdrawal.

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Before you decide

Things to verify

Negative Balance Protection

Not disclosed as a general policy; margin and options disclosures state customers can lose more than the original investment/deposit.

Restricted Countries

Restrictions are product- and account-dependent; complete availability list not disclosed on checked official pages.

Spread From

Not applicable/not disclosed for commission-free U.S. securities brokerage; futures/crypto execution costs may vary and are product-specific.

Withdrawal Processing Time

Domestic wire same day/1-2 business days and international up to 5 business days; ACH withdrawal references indicate typically 1-2 business days after processing.

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Important disclosure

Broker research, not investment advice

Availability, fees, investor protection, and regulation can vary by country and legal entity. Verify the broker and regulator details directly before opening an account.

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