Webull

Webull Financial LLC is a part of SIPC, which provides up to $500,000 in protection for consumers of its members who purchase securities (including $250,000 for claims involving cash), that is one of the best stock brokerage firms.. A description brochure is offered upon request or online at www.sipc.org. The clearing company, Apex Clearing Corp., has added another insurance coverage.

Through a software licensing arrangement with Webull Pay LLC, Apex Crypto LLC (NMLS ID 1828849) offers cryptocurrency execution and custody services. Trading in cryptocurrencies is possible with an Apex Crypto account. Your cryptocurrency holdings are not FDIC or SIPC insured because Apex Crypto is neither a licensed broker-dealer nor a FINRA member. Before trading, please be sure you completely comprehend the dangers involved.

Risk is a component of all investments, and not all risks are acceptable to all investors. Because securities' values might change, clients run the risk of suffering losses over and beyond their initial investment. A security's or financial product's previous performance is not a guarantee of its future performance or returns. Recall that while diversification may aid in reducing risk, neither a profit nor protection from loss in a bear market is guaranteed by it. If you invest in securities or other financial items, you could always lose money. Before making an investment, investors should carefully assess their investment goals and risks.

Webull's sleek desktop and mobile app interfaces will appeal to the mobile-first generation of casual investors, but the brokerage also offers an outstanding selection of tools for serious traders. However, it lacks access to some basic asset classes and has only a limited amount of teaching content, which may leave real beginners in the dark.

Pros:

• Low costs.
• Easy-to-use platform.
• Advanced tools.
• Access to cryptocurrency.

Cons:

• No mutual funds.
• Thin educational support.

Founded: May 24, 2017

Revenue: $8 Million

Website: https://www.webull.com/

NerdWallet rating: 4.9/5.0