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
I am a beginner what app would you recommend for me if not webull?
ReplyDeleteThis information is so useful and informative which you have shared here. It is beneficial for beginners to develop their knowledge. It is very gainful information. Thanks for sharing stock analysis subscription.
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