Brokers  /  Webull

Webull

Moderate risk
🇺🇸 United States · 5-10 years · since 2020-09-04 · Webull Financial LLC
FSA
Visit site ↗
1.3/5
★★★★★ ★★★★★
397 reviews ›
1
Licenses ›
36
Withdrawal issues ›
—
Min. deposit ›
—
Max leverage ›
0
Account types ›
28/100
Scam risk ›
0
Clone sites ›
▲ 5% positive▼ 90% negative
Independent ratingshow third parties score this broker
WikiFX7.86/10
Trustpilot1.3/5
Forex Peace Army—/5
28
Moderate risk
Scam Risk Scoremonitored · 2026-07-05
Lower riskHigher risk
  • Authorised by Tier-1 regulator(s): FSA
  • 3 user exposure/complaint reports filed
  • Withdrawal complaints in ~17% of recent reviews
Exit Risk
91/100
32 reviews in the last 3 months, 97% negative, 11 withdrawal complaints
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing835%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints10012%
Offshore registration108%
Transparency (site/info/social)2210%
Real-user sentiment908%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameWebull Financial LLC
Headquarters🇺🇸 United States
Founded2020-09-04
Years operating5-10 years
Employees0
Official websitewebull.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods—
Withdrawal methods—
Instruments—

Regulation & licenses · 1

RegulatorLicense typeLicense No.RegionStatus
FSAMarket Making License (MM)関東財務局長（金商）第48号JapanRegulated
Full reviewIn-depth editorial analysis Scam or safe?Risk score & red flags AccountsTypes · min deposit · how to open Deposit & withdrawalMethods · payout reliability

Review analysis AI

Rating mismatch — Industry-tracker scores run far higher than real users do (gap 2.63)

User reviews are overwhelmingly negative across all categories, with the strongest complaints targeting withdrawals, customer support, and trustworthiness. Concrete situations include ACH deposit acceptance followed by frozen withdrawals, unpaid promotional bonuses, and allegations that sell orders are deliberately blocked during volatile moves while buy orders execute instantly. The few positive reviews praise the data-rich platform and commission-free structure, but they are vastly outnumbered by reports of fund seizure and unresponsive support.

Best for
  • Data-savvy retail traders who primarily trade US stocks and value comprehensive financials in one platform
Not for
  • Traders who require prompt withdrawals and responsive support
  • Investors concerned about fund safety and regulatory compliance
  • Traders of smaller accounts who rely on bonuses and promotions
Period:
What users complain about
Where reviewers are from
🇺🇸 US148
🇬🇧 GB15
🇨🇦 CA9
🇦🇺 AU3
PT3
🇯🇵 JP2
Positive vs negative · last 12 months Pos Neg
Jul
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Real user reviews

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What Webull says about itself as stated by the broker · not independently verified by FXCanary

Company Overview

Webull Financial LLC states that it is a FINRA-registered broker-dealer providing access to various opportunities across global financial markets with free commission, including stocks, ETFs, and options.

Account Types

According to the company, Webull offers six account types to accommodate different trader preferences, though specific details on each are not disclosed in the provided data.

Trading Platform

The broker promotes its proprietary trading platform, which it claims provides every piece of data or information a trader could ask for in one platform, including company financials, analyst ratings, and hedge fund portfolios.

Regulation

Webull asserts that it holds a Market Making License from the FSA in Japan (license no. 関東財務局長（金商）第48号), and that its US entity is FINRA-registered.

Funding & Fees

The company highlights that it has no commission, no minimum deposit requirements, and offers a wide variety of trading instruments. Funding methods include ACH and card, though full details are not provided.

About Webull

Overview

Webull Financial LLC is a US-based brokerage founded on 4 September 2020. The company provides commission-free trading across a range of financial instruments, including stocks, ETFs, and options. It is known for its proprietary trading platform that offers extensive market data and analytics. Webull targets retail traders seeking a modern, data-driven trading experience.

Regulation

Webull holds a Market Making License (MM) from the Financial Services Agency (FSA) of Japan, license number 関東財務局長（金商）第48号. This license confirms that the broker is regulated in Japan. In the United States, Webull Financial LLC is registered with FINRA, further establishing its regulatory standing. The FSA license in Japan oversees its operations there, while FINRA provides oversight in the US.

Account Types

Webull offers six distinct account types to cater to different trader needs. The specific features of each account are not detailed in the provided data, but the variety suggests options for various levels of trading activity. No minimum deposit is required, making the broker accessible to beginners.

Trading Platform

The broker provides a proprietary trading platform available on desktop and mobile. The platform is designed to deliver comprehensive market data, including real-time quotes, financial statements, and analyst ratings. The mobile app is popular among traders who value 24/7 market access and a user-friendly interface.

Instruments & Fees

Webull offers trading in US equities, ETFs, and options. The broker advertises zero-commission trading on these instruments, with no account minimum. Other instruments and fees are not disclosed in the provided data. Funding can be done via ACH transfer or card.

Customer Support

Webull provides customer support through its platform, but specific support channels and hours are not described. The broker states it aims to assist traders with account and trading issues.

Who It's For

Webull is aimed at retail traders who prioritize a feature-rich platform and commission-free trading, particularly in US stocks and options. The broker's extensive data tools may appeal to traders who perform fundamental and technical analysis. However, potential users should be aware of user-reported issues with withdrawals and support.

Overview compiled by FXCanary from regulatory records and public data. full Webull review