Webull App Review 2020 | How To Get 2 FREE STOCKS And Invest With $0 Fees! #Best Education Page #Online Earning

- Today, we have an array of free investing

platforms available that allow you to trade stocks

commission free with very low

to no minimum balance required.

And one of the most popular free investing apps

available today is called Webull,

which allows you to trade stocks commission free

with no minimum account balance to get started.

So we're going to review this free investing app

and talk about the features that will matter most to you.

One last thing I'd like to mention,

I am affiliated with Webull, so if you do use my link,

I earn a commission in the process, and I always thank you

for that support.

So that being said, let's get into the review right now.

All right, guys, one of the first things I wanna mention

is the sign up incentive for creating an account with Webull

and investing with this brokerage,

they by far have the most generous incentive program

out there because not only do you get one free stock

for signing up, you actually get two.

Now in terms of the value of these stocks

that changes based on different promotions they are running,

but me personally, I ended up getting a free share of Ford,

which is worth around $10, and a free share of Ambev,

which is worth $5.

So I got about $15 worth of free stock just for signing up

and opening up an account with them.

So it is literally that easy to get

two completely free stocks.

So if you end up using that link

and grabbing your two free stocks, make sure you come back

to this video in a couple of days, and let us know

what stocks you got for free.

All right guys, so now what I wanna talk about is

what has actually changed with Webull since my last review,

because I actually did a review of this brokerage

about a year and a half ago,

and quite a bit has changed indeed.

Number one, the first thing I criticize this app

saying it had kinda of a bad user interface

and that it was kinda of not the best user experience.

Well, I can fully retract that statement now

because this app is totally user friendly

and the user experience has improved significantly.

The second big change, is that webull now offers

completely free retirement accounts.

So if you're interested in the IRA'S side of investing,

you can now do so through Webull, completely free.

Another big change is that webull announced that

they will be adding options trading to the platform

in the near future, which has been a desired feature

that people have been asking for,

and then finally, because of user requests,

they also added a desktop platform,

so you can place trades and do your research

both on mobile and desktop using Webull.

So that's what's new as webull guys since my last review.

Now what we're going to do is we're gonna dive into the app

and I'm gonna show you guys what features are likely going

to matter the most to you.

All right guys, so here we are inside of my Webull account,

The main page it brings you to is your watch list,

which shows you the different indexes and stocks

you are watching.

If you click on the markets tab,

it will give you a different idea of

how the market is performing, showing you the major indexes

like the Dow Jones Industrial Average,

S&P 500 and the NASDAQ.

And the other useful feature here

is that they also will give you real time market data

on cryptos different cryptocurrencies

like Bitcoin or Ethereum, or all these different assets,

and you can also get data on global markets as well.

Now, one thing I will mention is you are not able to trade

cryptocurrencies yet on the platform,

and I'm not sure if they are going to make that

a future in the future, but it's definitely one people

would be interested in.

Beyond that, I'm gonna show you guys

what the main portfolio looks like, here is my portfolio

my one share of Ford stock that I got fo free,

I also got a share of Ambev, which I ended up selling,

And I have $100 in this account for demonstration purposes,

because I wanna show you guys exactly how to place

a trade within this app.

But before we do that, I wanna show you guys

a couple of features that you might be interested in,

and the very first one is the amount of data

available to you at your fingertips.

So what we're going to do, let's go ahead and click on Ford

and get a little bit more information about this company.

Now, this is where some people run into trouble

with this app, because you really have so much data

available to you here at your fingertips,

so if you're a complete beginner who is just getting started

with investing in the stock market, this may be a little bit

overwhelming to you.

However, if you're an intermediate

to advanced active trader, this platform was literally

designed with you in mind, giving you all the data

that you're likely looking for at your fingertips.

So I'll go ahead and scroll down just to show you guys,

there's a lot of different charting tools available,

if you like candlestick charts, they have candlestick charts

as well within this app, and there's just so much data

available here at your fingertips, analyst ratings

and all kinds of different tools like that.

So if you're looking for

a more robust data driven trading platform,

which gives you this stuff right on your phone,

this is definitely the app for you.

However, if you're looking at this and this is just going

way over your head, it may be too advanced based on

where you are at right now with your trading.

Now the other feature I really enjoy about this app

is the free trading simulator that is built right in

and it's right over here under menu and all you have to do

is click on paper trading, and there you go,

you have a million dollars of free money

to practice investing with this app.

I really liked that Webull offers this feature

because if you're a complete beginner to investing

and you don't know what it is that you're doing,

well, you can practice for free with fake money

and not have to worry about losing any money in the process.

I really like this feature,

and I'm not sure why other brokerages

haven't followed suit and offered the same exact thing.

So it's very simple,

you can literally place trades right here,

and I'll go ahead and show you guys just how easy that is,

will place a paper trade right now,

buying one share of Google.

So we wanna go ahead and do a buy order quantity

of one share, we'll go ahead and click confirm

and we will see if that order fills,

we are doing a limit order, So I'm not sure if that's going

to be filled immediately, because I have a limit price set.

So there are a couple of different market orders

available here within the app, so you may find these are

advanced trading orders that you may use,

or you may just wanna use the market order,

which means it's gonna be filled at the

immediate market price.

Now the next feature I wanna show you guys,

which I enjoy as well is the calendar feature,

which is going to show you what companies have

upcoming earnings, which is really helpful for tracking

major earnings reports for the companies that you hold

within your portfolio.

So as you can see, here are the different

companies reporting earnings right now

and also shows you what are the upcoming dividends

for major companies and if you do the overall snapshot

for this week, it's gonna show you

what are the major companies reporting earnings

and what are the major companies paying dividends.

So if you're keeping track of your investments,

and you're tuning in for these earnings reports,

this is extremely helpful to show you

what major events are coming up.

And then the last feature I wanna show you guys

before I place a trade for you live

is the community feature, which is really cool

because in my opinion, this is like a blend

between a brokerage and Reddit,

because you have this social tab here

where you can communicate with other traders

and share different information.

So I think this social aspect is a really cool tie in,

and I haven't seen any other trading platforms do this,

and I think it's really cool because people

wanna communicate and share different ideas

about investing and trading, so that is a really

cool feature available through Webull as well.

So now I wanna go ahead and show you guys

just how easy it is to place a trade within this platform.

So as you can see here I have $98.96 of settled cash,

meaning I am eligible to place a trade,

So we're gonna go ahead and do that now,

and I'm gonna buy one more share of Ford stock

just to show you guys how easy this process is.

So we'll go ahead and click on Ford,

and then we have an array of different options available.

Well, as you saw earlier with Google, in the paper trading,

I placed a limit order, but because I want this to close,

immediately, this time, I'm gonna place a market order

to buy one share of Ford stock, and it's shown me

the maximum shares I can buy based on my buying power,

which is nine.

So for now, we're just gonna buy one share,

so we're doing a market order, and we're gonna go ahead

and click Buy, and then it tells me what I'm doing.

So I'm buying one share of Ford stock at the market price

for an estimated price of 922.

I'll go ahead and click Confirm,

and we'll see how quick that goes, and there we go,

so just like that, we bought one share of Ford,

and I now have two shares of Ford stock

within this portfolio, and it's just as easy

to sell a stock unless you're using those more advanced

order types, which are the limit order, market order,

trailing stops, or OTO, and OCO type orders.

All right guys, so that's a quick overview of Webull

and what the platform actually looks like,

now I wanna go ahead and answer a couple of other questions

that you might have.

First of all, one of the main questions people ask is,

is this brokerage really free?

And the answer is yes, it is commission free

to place trades, they also offer

commission free short selling,

and there are no fees that are passed directly to Webull.

There are some fees that the SEC and FINRA charges,

but those fees are passed directly on to those groups,

and Webull does not earn anything from those fees,

and regardless of what brokerage you invest with,

you're going to end up paying those fees.

So yes, it is free.

Now many people wonder how these apps

are actually making money, and I have a full article

about how Webull makes some money.

I'll link it up down in the description below.

But one of the ways that they do this

is by selling real time market data on global markets.

So the US data is available for free,

but if you wanted data on global markets,

they offer that for a paid subscription,

and that is one of the ways they are actually making money.

There's a couple of different ones,

but there are ways that these companies are making money

outside of charging fees and commissions to customers.

Another question people often ask me is whether or not

Webull is safe to invest with, and the answer is,

they are just as safe as any other investing platform

out there, because they have SIPC insurance

and SIPC insurance is the exact same insurance

the other big brokerages out there have

and it protects investors for the securities

and the cash held within their accounts

for the purpose of investing.

So SIPC insurance gives you up to $500,000 of insurance

for the securities held within your account,

including up to $250,000 in cash for cash that is being put

there for the purpose of investing.

Now, the other thing to note here is that

they are also using Apex Clearing house

for placing the orders and placing the trades.

And this is the exact same clearing house

that many of the other free investing platforms are using.

Now that being said, guys,

I really do like Webull for more intermediate

to advanced active traders, but now I wanna discuss

a few areas where Webull does fall short.

Number one, they do not offer any direct

dividend reinvestment, which is a feature that a lot of

people are looking for these days.

Second of all, they do not offer fractional shares,

which is a feature that new investors really like,

because it doesn't require you to have

a large amount of money to begin

investing in stocks in ETF's, particularly stocks

that trade for a high dollar value,

such as Amazon and Google.

Beyond that another area where they do fall short

is that they do not offer cryptocurrency trading

or options trading, however, they did announce

that they will be rolling out options in the near future.

Now that being said, guys,

a lot of these issues are related to long term investing

in terms of you know, dividend reinvestment

or fractional shares, and I would say that

Webull is really not a platform that's designed

for long term investing, it's really meant for

short term trading for intermediate to advanced traders.

So the whole idea of having dividend reinvestment

and fractional shares really doesn't make a lot of sense

for this platform.

It's designed for those who are more active

with their trading, looking for the research

and tools available at their fingertips.

So Webull really is one of the newest investing apps

on the scene, but they gained market share quickly

because they identified a market

that Robinhood just wasn't serving.

Robinhood is a great platform for complete beginners.

But if you're more of an intermediate to advanced trader,

you're going to find that platform is very watered down

and you just don't have a lot of the research tools

that you want to have available to you. So Webull stepped in

and they saw this potential market

and they have really done a great job

at building market share and really giving Robinhood

a run for their money at the end of the day.

So that being said, guys, that is my review of Webull.

If you wanna grab those two completely free stocks,

that's gonna be the top link down in the description below.

And even if you just wanna try it out

and see if it's a good platform for you,

you can give it a shot, get those free stocks

and see what you think of the platform,

because at the end of the day, that's completely free

and you can see if it's a good fit for you, and if it's not,

you can move on to a different brokerage

and try that one out as well.

But that's going to wrap up this video guys.

Thanks so much for watching, I hope you enjoyed it

and I will see you in the next one.

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