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Webull review: Best for active investors who also want to save for retirement

Webull offers commission-free trading, plus tax-advantaged IRAs to grow your nest egg.

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Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We earn a commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners.

Webull, like Robinhood, is a popular stock trading app where newbie and experienced investors alike can buy and sell stocks for free, also known as commission-free trading.

Webull stands out, however, for its access to tax-advantaged IRAs so users can also make sure that they're safekeeping funds for retirement.

Below, Select reviews Webull's current offerings to give you the details on the investment options, features and fees so you can decide if it's right for your needs.

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Webull review


  • Minimum deposit and balance

    Minimum deposit and balance requirements may vary depending on the investment vehicle selected. No minimum required to open an account or to start investing

  • Fees

    Fees may vary depending on the investment vehicle selected. Commission-free trading; regulatory transaction fees and trading activity fees may apply

  • Bonus

    Get 5 free stocks when you open and fund a new account: Sign up with Webull to get your 2 free stocks, each valued up to $300, and deposit any amount to receive 3 free stocks, each valued up to $3,000

  • Investment vehicles

    Brokerage account: Webull commission-free investing IRA: Traditional, Roth, Rollover IRAs

  • Investment options

    Stocks, ETFs, options trading, fractional shares, IPOs, ADRs, plus certain cryptocurrencies through Webull Crypto

  • Educational resources

See our methodology, terms apply.


  • $0 minimum deposit to open an account and invest
  • Commission-free trading
  • Access to tax-advantaged IRAs
  • Free stock welcome bonus
  • Plenty of investment options for active traders


  • Fees outside of commissions may apply
  • Users rely on their own knowledge when building their portfolio
  • Limited educational tools

Investment options

With Webull, you can trade stocks, options, ETFs and crypto with zero commissions. Investors also have access to IPO and fractional shares, making it easy to get in on a company before it goes public or buy a fraction of a share belonging to a big-name (and potentially expensive) stock. Webull currently offers trading for more than 5,000 stocks and ETFs and over 30 different types of cryptocurrencies.

While active investors will enjoy the commission-free trading, they can also open a traditional, Roth or Rollover IRA with Webull, giving themselves the option to manage their retirement funds along with their stocks all in one place.

It's important to note that there's no mutual fund investing through Webull. While an ETF can still provide that instant investment diversification you may be looking for, those looking for mutual funds can otherwise set up a separate brokerage account with someone like Fidelity, Charles Schwab or robo-advisor Betterment.


Webull stands out mostly for its easy-to-use, commission-free trading platform and retirement-saving accounts. If you are new to stock trading, there is a helpful Webull blog where, under the "education" section, you can read about understanding cryptocurrency or the basic 101 of trading.

Currently, Webull users can get a bonus of five free stocks when they open and fund a new account: Sign up with Webull to get your two free stocks, each valued up to $300. Deposit any amount to receive three free stocks, each valued up to $3,000.

The platform also offers users a customizable desktop version of its platform if you prefer to trade on a bigger screen and investors have extensive extended trading hours before and after the market closes: 4:00 a.m. to 9:30 a.m. ET and 4:00 p.m. to 8:00 p.m. ET, Monday to Friday. However, you can trade crypto seven days a week for 23 hours a day (crypto trading is unavailable between 5:30 p.m. and 6:30 p.m. ET) on Webull.

Compared to Robinhood and some other more basic investing apps, WeBull offers more advanced trading indicators, charts, screeners and customization which can be useful for intermediate to advanced traders.

Webull's app is available to download for free in both the App Store (for iOS), where it has 4.7/5 stars, and on Google Play (for Android), where is has 4.4/5 stars at the time this article was written.


Webull has no minimums to open an account and users don't need to reach a minimum to start investing, either.

Webull doesn't charge commission fees to trade stocks, options, ETFs or crypto.

Bottom line

Webull is a great investing platform, especially if you're an active trader who want lots of options, low costs, advanced trading tools and the ability to save for retirement all in one place.

More hands-off investors may want to consider mutual fund investing through the brokers we mentioned above, or an automated investing solution. SoFi Invest®, for example, has a robo-advisor option with zero account management fees and no minimum requirements. It offers a broad range of low-cost ETFs and will automatically rebalance your portfolio on a quarterly basis. Read our full SoFi Invest review.

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Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.
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