Webull launched in the US in 2018 as an alternative to Robinhood, targeting a slightly more sophisticated audience with advanced charting tools, extended trading hours, and a paper trading simulator. The platform has grown to 20+ million registered users and offers commission-free stock, ETF, options, and crypto trading. This review covers what Webull does well, where it falls short, and who should use it in 2026.
Bottom line: Webull is best for self-directed traders who want free advanced charting and extended-hours trading without paying for a premium platform. For long-term buy-and-hold investing or retirement accounts, Fidelity or Schwab offer more complete feature sets.
Webull at a Glance
Feature
Details
Stock/ETF commissions
$0
Options
$0 per trade + $0 per contract
Crypto trading
Yes — 40+ coins
Account minimum
$0
Fractional shares
Yes ($5 minimum)
Extended hours
4:00 AM - 8:00 PM ET
Paper trading
Yes — full simulation
Mobile app
4.7/5 (iOS), 4.5/5 (Android)
Desktop platform
Webull Desktop (downloadable)
Customer service
Email, in-app chat (no phone)
Physical locations
None
Accounts Available
Account Type
Available
Notes
Individual brokerage
✅
—
Joint brokerage
❌
—
Traditional IRA
✅
—
Roth IRA
✅
—
SEP-IRA
❌
—
Solo 401(k)
❌
—
529 plan
❌
—
HSA
❌
—
Custodial (UGMA/UTMA)
❌
—
Trust
❌
—
Cash management
❌
—
Notable gaps: Account type selection is very limited compared to established brokerages. No joint accounts, no custodial, no trust, no HSA.
Investment Options
Asset
Available
Cost
US stocks
✅
$0
ETFs
✅
$0
Fractional shares
✅
$0 ($5 minimum)
Options
✅
$0 (no per-contract fee)
Crypto
✅
$0 commission (spread applies)
OTC / penny stocks
✅
$0
Mutual funds
❌
—
Bonds
❌
—
Futures
❌
—
International stocks
❌
—
Charting and Technical Analysis
This is Webull’s standout feature — the charting tools rival paid platforms.
Feature
Details
Chart types
Candlestick, line, bar, Heikin-Ashi, hollow candle
Technical indicators
50+ (RSI, MACD, Bollinger, moving averages, etc.)
Drawing tools
Trend lines, Fibonacci, channels, shapes
Timeframes
1 min to monthly
Multi-chart layout
Yes — up to 4 charts simultaneously
Extended hours on charts
Yes — full pre/post market data
Comparison charts
Yes — overlay multiple tickers
Volume analysis
Yes — volume profiles, VWAP
Overall charting
4.5/5 — excellent for a free platform
Charting vs Competitors
Feature
Webull
Robinhood
Fidelity ATP
thinkorswim
Indicators
50+
~10
100+
400+
Drawing tools
Good
Basic
Good
Excellent
Multi-chart
✅
❌
✅
✅
Customization
Good
Minimal
Good
Excellent
Free
✅
✅
✅
✅
Ease of use
Best
Very easy
Moderate
Complex
Extended Trading Hours
Session
Hours (ET)
Notes
Pre-market
4:00 AM - 9:30 AM
5.5 hours before open
Regular market
9:30 AM - 4:00 PM
Standard hours
After-hours
4:00 PM - 8:00 PM
4 hours after close
Total
4:00 AM - 8:00 PM
16 hours of trading
Extended Hours vs Competitors
Brokerage
Pre-Market Start
After-Hours End
Total Hours
Webull
4:00 AM
8:00 PM
16 hours
Robinhood
7:00 AM
8:00 PM
13 hours
Fidelity
7:00 AM
8:00 PM
13 hours
Schwab
7:00 AM
8:00 PM
13 hours
Interactive Brokers
4:00 AM
8:00 PM
16 hours
Paper Trading
Webull’s paper trading simulator gives you a virtual account with $1,000,000 to practice:
Feature
Details
Starting balance
$1,000,000 (virtual)
Real-time data
Yes — same feeds as live trading
All asset types
Stocks, ETFs, options
Full charting tools
Yes — identical to live platform
Community rankings
Yes — compete with other paper traders
Risk
None — virtual money only
This is a genuinely useful feature for learning to trade and testing strategies, and Webull executes it better than most competitors.
Community Features
Feature
Details
Comments on stocks
Yes — user discussions per ticker
Analyst ratings
Yes — aggregated consensus
News feed
Yes — real-time per stock
Earnings calendar
Yes — upcoming and historical
Short interest data
Yes
Institutional holdings
Yes — 13F filings
Fees Breakdown
Fee
Amount
Stocks / ETFs
$0
Options
$0 (no per-contract fee)
Crypto
$0 commission (~1% spread)
Account maintenance
$0
IRA maintenance
$0
Paper statements
N/A (digital only)
Wire transfer (domestic out)
$8
Wire transfer (international out)
$45
Account transfer (ACAT out)
$75
Regulatory fees (on sales)
<$0.01/share (SEC/FINRA pass-through)
Pros and Cons
Pros
Advantage
Why It Matters
Advanced charting (free)
50+ indicators, multi-chart, drawing tools
Extended hours (4AM-8PM)
16 hours of trading access
$0 per-contract options
Cheapest options trading available (tied with Robinhood)
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