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Webull Debit Card in 2024
Webull checking account and APR interest rate. Does Webull have a debit card
with ATM fees rebates, bill pay, and credit card rewards?
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Webull Debit Card and Checking Account
Unfortunately, Webull does not offer debit card or checking account right now. If you
want to get all this and more, we recommend
Robinhood. Learn more about
Robinhood Spending Account.
Robinhood Incentive
Free stock up to $200 and 1% IRA match when you open an account.
Open Robinhood Account
Webull Incentive
Open Webull Account
Webull Overview
Webull now advertises its brokerage services on television. A thirty-second commercial, however,
doesn’t have enough time to inform you of important details. This article does.
Webull Pros
- Webull’s stock, option, and ETF commission is $0.00. Can’t get much lower than that.
- The broker has a very good mobile app with advanced charting, information on UK and German stocks, cryptocurrency rates, a simulated trading mode, a community forum, and much more.
- Besides the mobile platform, the broker also has a new desktop platform. Like its mobile cousin, there are no account minimums or trading requirements. Full-screen charting offers a lot of great tools, paper trading makes another appearance, and we definitely like the security research the software offers.
- There is an equity screener on Webull’s desktop platform. It is able to look for stocks on both U.S. and foreign exchanges (the latter aren’t tradable). Some of the criteria are unusual. For example, it’s possible to search by analyst sentiments (strong buy, neutral, etc.) and technical indicators. We found MACD golden cross and moving average, 5 cross over 10.
- Despite being a low-cost broker, Webull does manage to offer some good security research tools. Analyst ratings are available along with detailed information from a stock’s financial statements.
- The company delivers better margin rates than most competitors.
- Webull is one of the few brokers to offer virtual trading simulator.
- The broker offers free stocks for funding an account, referring friends, and adding more money.
Webull Cons
- Although Webull’s ETF and stock commission is great, it comes with a couple of caveats. The first is the fact that Webull puts stocks under $1 in price on a restricted list. Stocks with market caps below $10 million go on the same list.
- Many investment vehicles aren’t available for trading at Webull. Closed-end funds aren’t part of
the ETF lineup. Also missing on the list of tradable assets are forex, futures, mutual funds, global stocks, and bonds.
- The website doesn’t offer an online chat function, either in human or digital format. The company
has no branch locations. The only two contact options are a service e-mail and a contact form on the mobile app. Given the emphasis on customer support, don’t expect a quick response from either avenue.
- Solo 401(k)’s, annuities, and education accounts aren’t available here.
- Checks and a debit card are unavailable at Webull.
- Although we liked Webull’s desktop charting program, it does have some weaknesses compared to other brokers.
For example, there are only 25 technical indicators. Ally Invest’s software, by comparison, delivers over 100 indicators.
Webull Debit Card Conclusion
Although Webull has some weaknesses, it is the fastest growing and most rapidly improving company
in the industry right now. Over the last year, Webull's pros have grown in numbers while Webull's
cons have shrunk. The broker is now a major player to keep an eye on.
Webull Incentive
Open Webull Account
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