TIM THOMAS

TIM THOMAS

Webull Review 2022: What You Need to Know

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Everyone should have an opportunity to build wealth. Learning the basics of investing and understanding the risks is an excellent way to pave your way to a successful financial future. It wasn’t easy to invest or trade stocks until recently without paying commissions to eat away at your profits. The plethora of zero-commission brokers has leveled the playing field for more affordable investing. Webull can be a good choice for many and an alternative to Robinhood.

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Webull Review: What Is Webull?

Webull Review: What Is Webull?

As a relative newcomer, Webull is joining the competitive field of online trading that appeals to young traders. I applaud the rise in young retail investors participating in the markets. Webull offers commission-free online trading as a mobile-oriented broker. Like other mobile apps, Webull's trading platform appeals to traders who have some financial markets’ experience and seek advanced features, including in-depth and real-time market data.

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Webull Review: What Is Webull?

Webull Review: What Is Webull?

They are a legitimate player in online trading by constant improvement in the tools they offer to their subscribers.

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Webull Background

Webull Review: What Is Webull?

Founded in 2017, Webull has about 15 million registered users in early 2021, gaining greater customer acceptance despite its lower profile than Robinhood. Comparisons to Robinhood are inevitable. When Robinhood halted trading temporarily in the GameStop frenzy, their users jumped ship to Webull, which had resumed trading more quickly. Webull is growing its customer base quickly, which may account for the rocky beginning that I share with you below.

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How To Get Started Opening A Webull Account

Webull Review: What Is Webull?

Setting up a Webull account is straightforward. You can sign up with your email address or your mobile number, and you will receive a verification code. Make sure you select your preferred brokerage account. You can choose a cash account or a margin account. Next, add your personal information, your profile, and answer regulatory and security questions. You will need to upload your proof of identity.

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My Experience - An Unnecessary Delay

Webull Review: What Is Webull?

Before they transfer money from your bank to your Webull account, they will deposit two tiny amounts. You confirm the deposit amounts to Webull. There is a 24-hour delay in the posting. The next day, I found the deposits and attempted many times to let Webull know. At this point, I reached out to customer support with emails and calls. Each time I called, I was on hold for 45-60 minutes.

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My Experience - An Unnecessary Delay

Webull Review: What Is Webull?

This setup didn’t take hours; it took days! Finally, tech support intervened, and they fixed my account. Signing up via an email account rather than a mobile version was the culprit, but that should not make a difference. I get that they are mobile-oriented, but some of us still prefer bigger screens.

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Swipe Up Now To Read The Rest Of The Review And The Pros and Cons Of Webull Plus Learn Which Instruments Can Be Traded Through Your Account

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Investing in Cryptocurrency in 2022

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