Webull is the best investing app for those on a modest budget. It also brings an impressive assortment of tools to the table. However, the reason it isn’t higher on our list is that it leaves a bit to be desired when it comes to educational content for beginners.
Webull’s minimalistic interface makes it very easy to navigate. Seeing as minimalism may not sound particularly appealing to some, we should mention that adding any more details to its design would make it far too complicated, even for an advanced user.
We don’t believe that Webull should be regarded as one of the best investing apps for beginners simply because it provides an abundance of charts and graphs, which can be confusing for someone without any experience. That said, the issue could easily be remedied with some informative guides.
On the positive side, everything we’ve mentioned so far makes Webull a great option for intermediate or advanced investors.
You can invest in stocks, ETFs, options, ADRs, as well as cryptocurrencies, and although these are some of the most popular trading options, it’s a shame that mutual funds, futures, and bonds aren’t at your disposal.
On the other hand, Webull might actually be the best app to invest in cryptocurrencies. It allows crypto trading at any hour, seven days a week, and currently supports Bitcoin, Bitcoin Cash, Ethereum, Dogecoin, Litecoin, Zcash, Ethereum Classic, and Stella Lumens with more options on the way.
Many investment platforms are free-to-use but charge trading and per contract fees. Webull doesn’t; there are absolutely no commissions that you’ll need to cover. The company makes money through payments for order flow, interest credit balances, stock loans, and margin interest. Due to the lack of commissions, we feel comfortable giving Webull a spot among the best investment apps for college students, more specifically, college students who are putting themselves through school and thus have limited funds.
When using the app, you’ll incur some fees from certain regulatory agencies. However, Webull doesn’t profit from those charges.
Opening a Webull brokerage account comes with a free stock valued between $3 and $300. But that’s not all. If you deposit at least $100, you’ll receive one more stock with an ever higher value (between $8 and $2,000).
You’ll have a chance to acquire stock from well-known companies such as Google, Procter & Gamble, Kraft Heinz, Facebook, Starbucks, and Snap.
Good investing apps must be accompanied by a quality customer support team, and Webull checks this box. Its representatives can be reached 24/7 by phone, email, and various social media channels. But thanks to the extensive information available in the Help section, you may not need the additional assistance.