Webull is a business and productivity application developed by Webull Technologies Limited for handy trading on iOS devices. Once you open a Webull brokerage account or make an initial down payment that conformed to their minimum deposit requirement, you will be able to get two free stocks on each deal you meet. On top of that, if you've successfully referred a friend, you'll get additional two free stocks. Although, this deal is currently available for US citizens only.

Is Webull legitimate?

All the trading transactions executed under this mobile app are Securities Investor Protection Corporation (SIPC) insured. It is also regulated by the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) thus, you can guarantee its legitimacy and trust it with your investments. This trading platform is actually best known for the undercapitalized active traders. With this system, new traders will easily find a way to play ball and learn how to trade actively.

This crypto service provider is perfect for swing traders of all stripes as they don't usually require flawless execution. The only thing they look for within the day is a large market move rather than a small fluctuation. This kind of trader is quite simplistic especially in terms of their analysis. They rarely need a good charting platform and screener. However, if you are the kind of trader that is full-time, this app is not for you.

Highly active traders need to have direct market access in order to best play out their trading strategy. If the trading platform they are using is slow in execution, there's a high chance that the commissions they've earned will be lost. Furthermore, the capability to make refined keyboard macros—a feature that day traders rely most upon—can't be found in this trading app. Not only that but, its library of technical indicators is severely lacking, as well.   

Perfect for Swing traders

The types of systems that Webull provides to its users suit swing traders the most. This kind of traders is not as high demanding as compared to full-time traders. Hybrid traders might be annoyed with this trading app as it tends to be slow in execution at times, which can't be tolerated in the investing practice they have. Many finance authorities and commissions regulate it thus, its legitimacy is guaranteed though.