Founded in 2017, Webull is an app-based brokerage. It features commission-free trading. The trading platform is mainly created for experienced and intermediate traders, but novices can also benefit from it. Webull offers economic calendars, technical indicators, short-selling, and margin trading for active traders.
If you are looking to start trading using Webull, then you should immediately open an account with this platform. Opening an account with Webull is fully digital and flawless. The account will be opened in a day only. Your Webull account can be opened on desktop, mobile, and web.
Steps to Open a Webull Account
Install the Webull platform or go to the official website of Webull.
Start your registration under the Webull’s “Account” Menu. There you will need to go to the sign-up option.
In the sign-up process, provide your personal information include name, address, date of birth, etc.
Provide your financial experience, employment information, etc.
Verify your identity with a photo of your passport/id
Choose an account type
Review all the provided information
Submit the application
Documents Required to Open a Webull Account
To open an account with Webull, you will need to provide proof of identity in the form of a passport/ driver’s license/ national id card/ SSN. Since the account opening process is digital at Webull, you can easily go through the whole process on its web platform. Other than this, you will also need to provide your social security number, employment information, and your financial information.
Webull Minimum Deposit
Webull has two types of accounts i.e. individual cash accounts and margin accounts. The minimum deposit required at Webull is $0 for cash accounts. But for margin accounts with limited day trading and short sale, the minimum deposit is $2000 and for margin accounts with unlimited day trading and short sale, it is $25000.
Webull is an excellent broker if you are looking to start investing as you can start with small amounts of money on this platform. You can add funds later to your account as you get more experienced in handling your investments.
Webull Free Stock
When you open a brokerage account with Webull, you will get a free stock. The value of the free stock can be anywhere from $2.5 to $250. You will also get a free stock when you make an initial deposit in your Webull account of over $100. This second free stock will be of value between $12 and $1400.
Another way to get free stocks at Webull is by referring a friend. Every free stock will be of value between $12 and $1400. But to get the free stocks, the invitee should make their initial deposit of $100 in their Webull account.