If you’ve been looking for a great app to trade stocks with a more technical side to it, WeBull might be perfect for you.
One of the really cool things about WeBull is that once you sign up for an account, they will send you a free stock! You don’t need to link your bank account or load any money into your account. Just sign up and they send you a free stock! When I signed up they sent me $ABEV which is currently a little over $4, but hey I’m not complaining! They offer a similar program to Robinhood in that if you share your signup link with someone and they go through the registration process you will both get a free stock! So go get some friends and start trading together! (Click here to use Ricky's link)
Alright so now into the nitty gritty. WeBull is another one of the 100% free trading platform. That means no commission on all your trades! The platform was initially a research platform, but now allows trading. This means that the app as a whole is centered around research. One of the cool features is that you can paper trade live on the app! This is a feature that can help you learn how to trade in a risk free environment without losing any money.
If you are interested in shortselling then WeBull might just be perfect for you! Through WeBull you can do commission free short selling! If you decide to trade on margin you can trade up to 4x your deposit. Margin accounts just require that you have a minimum of $2000 in your account. Another great feature is that they offer Extended Hours Trading for free.
If you are just beginning trading I wouldn’t recommend WeBull unless you just want to use it to paper trade. If you are looking for more technical analysis, then WeBull is great! There are a number of indicator that you can choose when looking at the graphs for each stock.
The biggest downsides to the platform are that you can’t invest in cryptocurrencies or options trade on the WeBull platform. Also compared to something like Robinhood, the design of the platform at times can feel cluttered. But you get way more technical information about a stock so that’s the tradeoff.
If you decide to use WeBull make sure you use Ricky’s link here:
- Nick Benko