Webull Financial, the Zero-Commission Broker-Dealer Announces Paper Trading Competition
Webull Financial LLC, an independent, self-directed broker dealer focused on zero commission trading
and granular market data, released its first paper trading competition today. In an effort to democratize trading, the brokerage will incentivize users to learn and trade through daily and weekly competitions. The top three traders everyday and every week will receive monetary prizes. See Terms and Conditions.
The Webull Paper Trading Competition is done in preparation for a much bigger, real-money trading competition in the second-half of 2019. While paper trading competitions allow users to trade on a T+0 basis, real-money trading competitions adhere to market rules. Both competitions are designed to improve people's financial literacy and reward those that put forth time and effort into their trading strategy.
Webull Financial LLC has been in the retail trading space since only May of last year, but they already boast hundreds of thousands of trading accounts. The company's market data app is used globally by over 9 million users for real time stock quotes
updates as well as paper trading. The paper trading feature allows users to test out investment strategies and see what hypothetical positions and portfolios would look like.
Webull's comprehensive market data platform makes sure that users do not have to leave the app in order to get all the technical and fundamental information that they need. Webull's charts hold over 25 different indicators and the time interval data can be boiled down to minute-by-minute intervals. With side-by-side chart comparisons, traders can even compare individual stocks against industry ETFs.
Once users have practiced enough on the paper trading feature of the platform, they can stay logged into Webull to execute on their learnings with real funds in their Webull Financial account. With the app's built-in trading platform, users can open a cash or margin account with zero minimums and trade with zero commission. If Webull traders have the risk appetite for it, they can open a margin account with Webull. []
All these features are supported by Webull's Live Help desk, which ensures Webull's customer issues, no matter how big or small, are resolved. Users can reach our customer service representatives through the Live Help button, social media, or email us at firstname.lastname@example.org
To learn more about Webull Financial LLC, the free stock trading platform
, or to book an interview, contact Gabriel Cao at 917-267-5556 or email email@example.com
, or visit the website at www.webull.com
[ ] Margin accounts need $2000+ in net equity in order to take advantage of 2X or 4X leverage. Some tickers cannot be bought with leverage or can only be bought with 2x leverage.
About Webull Financial LLC
Webull Financial LLC is a broker-dealer registered with the Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). The headquarters of Webull Financial LLC is located at 44 Wall Street, New York, NY, USA.
System response and account access times may vary due to a variety of factors, including trading volumes, market conditions, system performance, and other factors. Risk Disclosure: Trading of stocks and all other investment products involves substantial risk of loss and it is not suitable for every investor. The value of stocks may fluctuate and as a result, clients may lose more than their original investment.
Free online stock trading
refers to $0 commissions for Webull Financial LLC self-directed individual cash or margin brokerage accounts that trade U.S. listed securities via mobile devices or Web. Relevant SEC & FINRA fees may apply.
Zero Commission Brokerages – How Do They Make Money?
By Anthony Denier, CEO of Webull Financial
As I travel around the country speaking to users, trading clubs, partners and peers, without fail, the first question I get after I explain our trading platform is simply: "How do you make money?" I am writing this letter to answer this question once and for all with the hopes that people will instead start asking: "Why Webull?" This, after all, is much more fun to answer.Without further ado,let's finally lift the veil of secrecy that has shrouded the zero commission trading brokerages for so long,and show you why we are disrupting the traditional online brokerage model.
If you haven't yet heard of us, Webull Financial is a zero commission, zero fee, no minimums, self-directed US broker dealer. Like many of our peers, our platform is app-based and utilizes thelatest tech in the retail trading space, creating a seamless and easy-to-navigate user experience.
I want to be very clear with my 'unveiling' that I do not speak for all zero commission brokerages, as some may incorporate monthly fees to supplement their revenue models. Trade clearing, regulatory compliance, and system maintenance costs are extremely taxing on any brokerage, but Webull believes in the Internet model. We believe that our superior platform will attract so many users that the tiny amounts of revenue we do generate per account will add up to make our business model profitable. Webull's founders revolutionized mass scale retail during their time with Alibaba, the largest online retailer in the world, and strive to emulate this mass approach with the investing and trading world.
Now, onto the unveiling…
Get ready for the big secret….
We make money the same way every other broker makes money, but with one less revenue line item: commissions. Trade commissions account for a vast majority of a traditional broker's revenue stream. In some cases, commissions can make up 75% of the total revenue stream of a broker.Webull's commission revenue iszero! In order to keep the lights on, we optimize the back-end revenue streams that every other broker (traditional or non) utilize to generate revenue. Simply put, these are Payment for Order Flow, Stock Loan, interest on free credit balances, and margin interest.
Traditional brokers can easily fall into the trap of finding ways to get their customers to trade more to boost trading commissions. Webull does not have this conflict of customer interests.
Again, I want to be extremely clear and transparent. Every single stock broker
in the United States generates revenue using these non-commission-based methods. Our live stock quotes
executions are the exact same as any traditional brokerage. How do I know? All US brokerages mustfollow the best execution principles mandated by regulators. If your order is filled at a price that is outside the NBBO, it is flagged and we make a best effort for priceimprovement.
I have made it our mission to help de-mystify Wall Street. This is why on our Webull Financial homepage (www.webull.com) we have listed all the ways we try to make money on your trading activity that is executed on our platform. Of course, without commissions!
I hope this letter helps shed some light on how zero commission brokerages operate, and I can now begin the conversation with: Why have you not yet tried Webull?
Webull strives to give every user on our platform the most current technology for security, speed, and smart decision-making tools, all for free. Zero Commission. Zero Compromise.
About Webull Financial:
Webull Financial LLC is a broker dealer registered with the Securities and Exchange Commission (SEC), is a member of the Financial Industry Regulatory Authority (FINRA), and the Securities Investor Protection Corporation (SIPC).
The headquarters of Webull Financial LLC is located at 44 Wall Street, New York, NY, USA. System response and account access times may vary due to a variety of factors, including trading volumes, market conditions, system performance, and other factors.
Risk Disclosure: Trading of stocks and all other investment products involves substantial risk of loss and it is not suitable for every investor. The value of stocks may fluctuate and as a result, clients may lose more than their original investment.
Free trading of stocks refers to $0 commissions for Webull Financial LLC self-directed individual cash or margin brokerage accounts that trade U.S. listed securities via mobile devices or Web. Relevant SEC & FINRA fees may apply.
Download the Webull stock trading app
in the Apple App Store or Google Android Store, completely free.
stock broker, stock trading app, realtime stock trading