Posted Filed under TT Educationby Jonathon Walker
What is Webull?
Advanced traders looking for robust charting, technical indicators, and other advanced investing tools enjoy the capabilities Webull offers. They especially love the lack of management costs. The free app offers no trading commissions and is available on both desktop and mobile applications, making it great for investors in front of a computer or investors on-the-go.
Webull focuses on helping investors make profitable trades by arming them with usable information. Any investor has access to the customizable desktop platform where you can create watchlists, customize your charts, check your portfolios, and make trades. All information is synced across all devices, so you see the same information no matter where you log into your account.
You’re in charge of what your home page shows so you have the information you need in one click. The website and mobile app are also easily maneuvered and searched, so you can get the information you need quickly. Time is of the essence when trading, but Webull makes it easier for traders.
How Does it Work?
Whether you’re looking toinvest for wealth, retirement, or some other reason, Webull has you covered. You can open up an IRA (Traditional, Roth, or Rollover) for your retirement needs and grow your balance in a tax-advantaged way. Alternatively, you can open up an individual, taxable brokerage account which allows you to buy and sell securities as you please. There’s no minimum opening balance requirement and users can log on at any time and see the latest market updates in real-time.
A feature we love is the paper trading option. Investors can try trades in real-time, but on paper only, so you can see the effects of your trades, learn the ropes, and get the hang of the platform before risking your own money.
Webull even offers paper trading competitions, helping investors up to their trading game by playing around with different techniques that they can apply in real life.
Once you’re ready to make trades in real-life, Webull makes it simple:
- Stocks/ETFs – Trade during market or extended market hours, placing market, limit, stop, or other complex orders. Webull walks you through your options once you choose your stock.
- Options – Choose your options like you’d choose your stock, but clicking ‘options’ opens up an application system. Approval usually takes one day and then you’ll view the options screening, where you can customize your order.
Webull Desktop 4.0 Stock Screener
Astock screeneris a tool that investors and traders can use to filter stocks based on user-defined metrics.Stock screenersexist either for free to a subscription price on certain websites and trading platforms. They allow users to select trading instruments that fit a particular profile or set of criteria.
Webull Desktop 4.0 Chart & Trading Setup (Completly Customizable)
Powerful Widgets
There are over 45 widgets available in this update. Add Charts, Options, Active Trade, and other widget boxes to your screen to help analyze trends, decipher market information, and ultimately, place trades more efficiently.
Build Your Trading Platform to Your Liking
With its highly customizable layout, the new desktop version allows you to rearrange, add and remove widget boxes to your liking. Personalize it to fit your needs.
In-depth Market Data
Access NASDAQ TotalView advanced quotes for a deeper look into the market. Don’t forget about the NOII (Net Order Imbalance Indicator), which provides increased transparency and insight into the true supply and demand in the market place.
Multi-channel Trading Terminal
Brand new cross-platform native versions for Windows, Mac, and Linux, with multi-screen support and better performance.
Complete Access
Open your account, fund it, trade it, transfer it. Our new desktop platform gives you complete access. Trade stocks, ETFs, and Options on Webull desktop 4.0.
Reliability
The new and improved Webull desktop 4.0 is even more stable and efficient than ever before. Access high-frequency tick data at a faster speed with less memory usage and CPU occupancy.
Webull Desktop – Active Trade Widget
There is an order placing widget on Webull Desktop 4.0 that is perfect for active traders. It can be found in the default stock layout, or you can add it to your customized layout. With the Active Trade widget, you can quickly place an order with just one click!
Build Your Watchlists on Webull Desktop 4.0
U.S. stock exchanges list more than 8,000 issues, but the typical trader or fund manager accesses just a fraction of this bounty because they’ve failed to build effectivewatchlists. Identifying stocks that fully support working strategies requires a number of skill sets but, despite the learning curve, the effort is worthwhile because it creates atrading edgethat lasts a lifetime.
FAQ
1. Is Webull good for beginners?
Webull is for the advanced investor or someone that already knows the ropes and doesn’t need help with trading. It offers robust charting and analytical tools that allow investors to take the ropes and invest themselves. Webull offers a paper trading account for beginners that want to try their hand at investing on their own before risking their funds.
2. Is Webull legitimate?
Webull is a member of SIPC, which protects all investors’ funds up to $500,000. This includes up to $250,000 for cash. They also have additional insurance through their clearing firm (Apex), which offers protection up to $37.5 million per investor (up to $900,000 cash).
3. How do you withdraw money from Webull?
Withdrawals take an average of 5 days and depend on where the funds originate. If they’re funds you deposited, they must sit in your Webull account for 7 trading days for ACH transfers and 1 trading day for wires. Any settled transactions (sold assets) must sit for 2 days after the settlement date before being withdrawn.
4. Does Webull allow pre-market or aftermarket hours trading?
Yes, Webull has full extended hours. Investors may invest before market opening 4 AM to 9:30 AM ET and aftermarket hours from 4 PM to 8 PM ET.
Check out more articles on small accounts:
Small $500 Account Challenge with Ryan ?Read More Here
Small $500 Account Challenge with Jake ?Read More Here
Can You Grow A Small Trading Account Into A Larger One? ?Read More Here
7 Step Strategy to Grow a Small Account With Options! ?Read More Here
