Webull: A Great New Investment App Or "Cr"app?

Related article: Launching As a White Label Broker

When I was first asked to review this app, I was not looking to use a new investment app for my stock trading as I already use Charles Schwab's mobile app and thought it worked just fine. In fact, I agreed reluctantly, after all, what could a new investment app from a company I never heard of offer that I didn’t already have from a well-known investment company. I could not have been more wrong.

Webull has the usual information that any investment app would include: graphical data about a stock, information on ETFs and stocks, and links to articles about that stock. The app is also properly secure with standard two-factor authentication and a pattern lock to prevent other people with access to your phone from accessing your account. It also requires a passport or a driver's license, as well as one's SSN in order to open an account and to deposit funds. I was pleased to see how seriously the company takes safety and security.  However, what immediately impressed me was that stock prices are updated in real-time without needing to refresh the app page which is very useful for someone who is an active trader.  Despite this continuous updating of real time data, the app runs very smoothly.

Of course I need to mention Webull’s zero commission which encourages its users to actually invest in stocks. The app also has a Community area where users can comment about the stock you are looking at which, while common on investment sites,  I have not seen nearly as often on investment apps. Charles Schwab's, for instance, does not have this feature.

I was particularly impressed with the customization options for charts. In fact, when reviewing a stock’s price history, I appreciated the ability to view a stock's lifetime value; I have not seen this nifty feature on other sites and apps. But that was only one of numerous customization options for the charts. Virtually any option I could think of was a possibility. Webull really seems to have put in great effort to ensure that users had the ability to analyze data on individual stocks in any way the user wants. In addition to all of the above, the more basic features users have come to expect weren’t forgotten either. For example, Webull gives users the option to turn on alerts for when a stock reaches a specific price set by the user. Those new to investing may wonder why that’s so important, but this would obviously be critical for anyone who is looking to buy or sell a stock at a specific price but doesn't have the time to constantly track their stock all day long.

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Disclosure: This review is sponsored by Webull. However, the review is my unbiased opinion and was written by me after reviewing the application.

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Comments

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Charles Howard 1 month ago Member's comment

Good review, I'll check it out.

Currency Trader 10 months ago Member's comment

Sounds interesting, I'll check it out.