Webull Review: Free Options Trading With a Catch You Might Not Mind
Webull has carved out a strange niche: it's the broker that active traders use when they don't want to pay for it. Zero commissions on stocks and ETFs? Standard these days. But zero per-contract fees on stock and ETF options? That's genuinely rare — and it's the single biggest reason Webull keeps pulling traders away from Schwab, E*Trade, and even Fidelity. The platform started as a mobile-first app aimed at younger traders, but it's grown up considerably. You now get futures, crypto (back after a hiatus), IRAs with a contribution match, fractional shares, and a desktop platform with enough charting tools to keep technical traders happy. It's SEC-registered, FINRA-regulated, and SIPC-insured — all the boxes you need checked. But Webull isn't trying to be everything to everyone. There's no banking, no checking account, no physical branches, and the educational resources are thin compared to Fidelity or Schwab. If you want a broker that also replaces your bank, look elsewhere. If you want a sharp, cheap trading platform — especially for options — Webull deserves a serious look.