WeBull Broker Review - Are the Free Trades Worth It?

Day Trading Margin Call Issue (WeBull)

Yesterday before close, I liquidated all positions and had a balance of $64,xxx. Last night, during after hours, I purchased shares of a stock to hold over night. I was not prompted that I was using Day Trade Buying Power, and had sufficient Overnight Buying Power to satisfy the purchase. This morning, I received a day trade margin call in the amount of the purchase. My questions are: 1) I currently have unsettled funds from trades, when those settle will that satisfy the margin call (assuming I make no other trades)? 2) Why did I not get a prompt that I was using Day Trade Buying Power? 3)Why did it use day trade buying power instead of overnight buying power?
submitted by Stuck_in_a_depo to Daytrading [link] [comments]

Margin trading and trading speed on webull

Hello,
I'm thinking to transfer all my money from Robinhood to Webull. But before that I wanted to get some details about webull.
  1. First I wanna ask about the margin account on webull. On their website, it says margin rate is 6.99% for account less than $25000. I'm planning to put $5500 on webull and will ONLY trade with that much money. I'm not planning to borrow more money from webull. But I will be doing 3 day trades per week. Also, wanna buy and hold stock overnight then may be sell next day or so. I was wondering if these kind of frequent trades will be charged margin interest or not. Will there be Good Faith Violation and stuff if i do that? I don't really understand this margin and GFV concept and just wanna know whether it will apply to my kind of trading.
On the other hand, I've been trading on Robinhood the same way and I don't see any margin interest charge on any of my statements. So I would really appreciate if someoene could help me out with this.
  1. I wanna know the trading speed on webull as compared to robinhood. I read in some reviews that Webull orders don't fill fast as compared to robinhood. Also, how's the extended hours trading on webull? do orders get filled fast or how long it takes? So if anyone could please talk more about it, I would appreciate it.
Thanks!
submitted by jasonbdt666 to Webull [link] [comments]

I am a non US resident and non US citizen , I have a webull margin account. Can I make as many day trade as I want and not fall under PDT rule ??

Because I heard that it only applies to US citizens ?? Am I correct ??
submitted by reddit887799 to Webull [link] [comments]

How many day trades can I make in a week if have a $4000 cash and using the margin facility of webull ??

submitted by reddit887799 to Webull [link] [comments]

Robinhood vs Webull vs TD Ameritrade (The REAL Trading & Margin Fees)

Robinhood vs Webull vs TD Ameritrade (The REAL Trading & Margin Fees) submitted by mralexwinkler to SmallCapStocks [link] [comments]

If I want to short sell a stock on webull, do I just click trade > sell/limit/qty > preview order ? I have a margin account. Just started using webull after using RH for quite some time so still trying to figure this out. Thanks

submitted by jimbobjuicy to Webull [link] [comments]

Webull Margin Call for Day Trade?

I just switched my Webull account from cash to margin and went to purchase a stock, and it's telling me that I have X amount of buying power for overnight trading, and Y amount for day trades.
When I went to do an overnight buy (not day trading during post market hours), the app tells me that the purchase needs to be an overnight, or I will be margin called in the morning. Why would it matter if I am doing a day trade or overnight trade if I have 3 trades still available?
-the name says Jesus, just call me Jeff
submitted by guitarjesus79 to Webull [link] [comments]

Finally Positive after 2.5 years of feeling ashamed and learning everything I could. That's a 15k valley. (Moving out of RH ASAP, execution is awful)

Finally Positive after 2.5 years of feeling ashamed and learning everything I could. That's a 15k valley. (Moving out of RH ASAP, execution is awful) submitted by lazy_smurf to Daytrading [link] [comments]

When they helplessly wish they could have bought in much cheaper...

submitted by HarleySportGlide to pennystocks [link] [comments]

Leaving the 'Hood

I've been finding a lot more wrong with Robinhood lately. The outages were bad enough, but between the desktop experience and the iPad experience (lazy AF), I'm about done trusting my money with them.
I'm stuck between TD Ameritrade and Fidelity, where should I move the money I'm eventually going to lose? Bonus points if their mobile app isn't a shitrock.
submitted by asshole_goose to wallstreetbets [link] [comments]

Preferred brokers?

Hey guys, just wondering what brokers you guys are currently using on penny stocks. I have been looking for one to trade more than 3 times a week if possible but with a low account balance under $1k. Currently i am using robinhood and thinkorswim. Any suggestions? Thanks in advance!
[Edit] Thanks for replying guys. And sorry for another question but any with good leverage?
submitted by serchobo to pennystocks [link] [comments]

Day trade buying power

Is the day trade buying power “per trade”
Or
“Per day”
I’m about to hit 25k margin account and trying to figure out just how “unlimited” unlimited day trades really is ..
Also, I’m currently in RH - is RH or Webull better for day trading and why in your opinion?
Currently I do 3 relatively high volume day trades a week 6-10k shares ... I occasionally swing trade but I’ve been burned tremendously holding overnight too many times so I prefer not to. Which platform in your opinion is better for this. The reason I haven’t ditched RH yet is because I don’t want to lose a week or so transferring money and now they have cash management which is pretty dope to get up to 15k in margin for spending on 5% interest ... plus I like the interface ... but the lack of PRE and AFTER market hours has cost me big recently.
submitted by Iedyn_elodie to Webull [link] [comments]

Attention!!! Webull has screwed those of us who bought PSTH.U on their platform. Forcing us to sell out of our positions

Attention!!! Webull has screwed those of us who bought PSTH.U on their platform. Forcing us to sell out of our positions submitted by GrowStrong1507 to SPACs [link] [comments]

There's stupid, and then there is RobinHood stupid...

There's stupid, and then there is RobinHood stupid... submitted by torrentialtacos to RobinHood [link] [comments]

POLL: What platform do you use for mobile trading?

I'm curious what people use here for managing their trades on their mobile phones only. I have what I believe to be are the 5 most popular mobile app brokerages. I was limited to 6 poll options otherwise I'd list more.
View Poll
submitted by absurdnoise to thetagang [link] [comments]

Robinhood is a joke of a brokerage app

I need to express my concern and vent for a second. Over the last week and a half I have legitimately lost $1000s of dollars because of Robin Hood. Not even because of bad trades but because of glitches. When stop losses are set, the app just completely bypasses the request and accumulates losses with no regard to selling. For example, I invested in modal like many others earlier this week and set a stop loss for 4%. It dipped 6% and then 10% and by then a sec circuit breaker. And then when trading resumed it tanked. Luckily I was able to secure $250 profit through a manual trade but at one point I was up $3000. I understand I shouldn't complain because It could have been much worse, but come on. Today, Robin Hood decided to take $750 from the sale of a stock and lock it up in margin withheld (mind you I freed up those funds to invest in a stock which I kid you not jumped 5 minutes after I tried to invest) I don't even have a margin account lol. I will be pulling all of my money from this joke of a ”broker” and try out webull.
submitted by HowardHughes529 to pennystocks [link] [comments]

WEBULL SCAM Update to Transfer from RH to Webull, Have Images to email convo I had with them

WEBULL SCAM Update to Transfer from RH to Webull, Have Images to email convo I had with them
Long story short, I transferred all my stocks from RH to Webull. Meantime, I deposited 500$ on Webull to continue investing. Once my stocks were transferred, they claimed I have a RM call, and my cash balance was 1,500 negative. I never setup a margin account. All my stocks were bought with my own cash, never borrowed. Now that the deposit went through for that 500$, now I owe a cash balance of -1,000. What is interesting is my net value of my account, doesn't match up with the current value of stocks, on the nose. Webull yet, refuses to correct the situation and claims to say I have a margin account, which I never set up. What should I do?

Here are the pieces of evidence, rm call unchanged and transcripts of the email conversation chain I had with them.


This was before the 500$ deposit went through.

This is the new negative cash on hand after the deposit went through


My rm call still hasn't changed even after the 500$ deposit went through.

Here are the transcripts of the email conversation I had with Webull.


https://preview.redd.it/sqvade05h3a51.jpg?width=1080&format=pjpg&auto=webp&s=3b7f21e46e70cfa5e4c91d0e4f8c2b5f1df37bc5
https://preview.redd.it/tpekwj05h3a51.jpg?width=1080&format=pjpg&auto=webp&s=83ca07700cf19b3a1f8db84baada48e970ea1575
Im tired

What should I do?
submitted by JudgeBad to Webull [link] [comments]

Why does the Robinhood app show a vastly different graph than others?

For instance, Robinhood shows these huge spikes and dips on the 5Y chart for Achieve Life Sciences; however, when I google it other sources show a steady decline from 5 years ago.
submitted by abearthateatstrash to StockMarket [link] [comments]

Was gonna make the switch from rh to webull, but wtf is gfv?

I literally just made a deposit, but I think I'm about to cancel.
So webull doesn't let you sell anything until funds settle? Robinhood doesnt have that at all does it?
The first thing I was gonna do w the new webull account was sell a put, but as soon as I do and get that credit is that automatically a gfv?
Maybe I should stick with rh
submitted by Guilty-Marzipan to options [link] [comments]

I know Robinhood fills for orders are trashy. How does Webull compare?

submitted by HowlLaika to Webull [link] [comments]

Margin Account similar to Robinhood Instant?

So I transferred my account from Robinhood and love WeBull but I have a Cash Account right now. Would switching to a margin be similar to Robinhood instant? I don’t plan on using margin just whatever cash is available to me
submitted by boston121534 to Webull [link] [comments]

PDT Loophole

What are some ways that you all got around the PDT initially?
submitted by Zack_Bandit to pennystocks [link] [comments]

WEBULL OPTIONS TRADING IS HERE (How To Trade Options On ... How to Trade your First $100 with WeBull My First Options Trade On Webull Options Beta Webull: Correct Way To Use This Powerful Broker - YouTube How To Trade Options On Webull (FULL 2020 TUTORIAL) - YouTube

Winner: WeBull. Margin trading is available for Webull users when their account balance exceeds $2,000. Then, they’ll have the option to short select stocks. Robinhood offers margin trading, but investors can’t short stocks on the platform. Bonus Stocks. Winner: WeBull Another feature that makes the Webull app stand out from the rest is the 4x intra-day margin trading and the 2x overnight margin trading. Webull's rule on automatically-forced liquidation margin calls when the account balance falls below $2,000. Margin trading requires a minimum account balance of $2,000. If balance/value falls under net value of $2,000, then forced liquidation will be implemented. Webull Commissions and Fees. Webull offers commission-free trading for over 5,000 U.S. stocks and ETFs with no charges to open or maintain an account. Margin trading and trading speed on webull. Hello, I'm thinking to transfer all my money from Robinhood to Webull. But before that I wanted to get some details about webull. First I wanna ask about the margin account on webull. On their website, it says margin rate is 6.99% for account less than $25000. I'm planning to put $5500 on webull and Pattern day traders must have a minimum equity of $25,000 in order to continue day trading. However, this rule only applies to margin trading accounts, not cash accounts. Read More: Beginner’s Guide to the Pattern Day Trading Rule. Webull Account Options for Day Trading. Webull has two main account options: cash and margin.

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WEBULL OPTIONS TRADING IS HERE (How To Trade Options On ...

In this video I am going to be giving a full tutorial on how to trade options on Webull in 2020. Webull is another free investing platform (that I use myself... Charlie dives into Webull, how to set it up, some of its hidden features, and how to use it the correct way to grow your account and become a better trader. ... Webull options trading is finally here! This is the very first time I traded options using Webull. I know this is just a beta but there are a lot of features it lacks but the fills were fast. What is margin trading? What is a margin? What is the difference between a cash account and a margin account? In episode #34 of Real World Finance we dive de... Get a free stock with webull use this link plus remember options will be available soon https://t.co/DvWXaFcCHz?amp=1 We talk about what is driving price fun...

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