Is Webull safe – It is Risky To Invest on Webull in 2022 ?

Is Webull Safe in 2022 ? Webull is one of the newest online brokers, founded in 2017 and debuted in May 2018 with just a mobile app. Stocks, ETFs, options, and cryptocurrencies are all available at Webull.

This smaller collection of assets aims the younger and more self-directed clients.

Meanwhile, the more conscious investors cannot help wondering :Is Webull Safe to Invest with in 2022 ?

Is Webull Safe | What Is Webull

Webull Financial LLC provides a commission-free electronic trading platform for stocks, exchange-traded funds, options, margins, and cryptocurrencies, accessible by mobile app and desktop computer.

Who Owns Webull?

Wang Anquan owns Webull’s parent business, Fumi Technology. He controls roughly 35% of the organization. Xiaomi ranks second with roughly 14 percent, followed by Noah Holdings Ltd. with around 9%. So far, Anthony Denier’s ownership share has remained unknown.

How does Webull Make Money?

Webull is a FinTech startup that allows customers to trade financial commodities like stocks and exchange-traded funds (ETFs) without paying a fee.

Payments for order flow, short selling fees, subscription fees, interest paid on margin, and earnings gained by investing funds on balance are all ways that Webull generates money.

Webull does not charge any kind of commission. But even no-commission platforms, must generate money in some way. Here’s how Webull goes about it:

Payment for order flow

This is a contentious but frequent technique in which trading applications generate money. They do so by routing clients’ orders to high-speed traders.

Stock Loans

Some investors engage in a technique known as short-selling.

It involves betting on a company’s stock price falling. Webull generates money by lending investors’ shares to short-sellers.

They then sell the borrowed shares to third-party investors in the hopes of repurchasing them at a lower price later.

Interest on Free Credit Balances

A free credit balance is the amount of money that a broker has to pay you on-demand. This includes the money you deposit in an account or dividends. Brokerages profit from the idle cash in your account by lending it to other parties. They collect the interest on it.

Margin Interest

Users who have at least $2,000 may create a margin account. It allows them to borrow money to purchase stocks. Customers get more purchasing power, but they also take more risk. The amount of the margin loan decides the margin rate. Webull charges interest every month. A debit amount of up to $25,000, for example, has an annual margin rate of 6.99%.

Webull Growing Popularity

Webull is touching new heights of popularity in the stock market.

The criticism against Robinhood Markets’ trading limits may be sending users to Webull Financial, one of the brokerage’s fastest-growing competitors.

New account signups were 1,548 % greater than the seven-day norm, according to the Chinese-owned brokerage.

The company’s trading app, which had a previous standing at 60th. Hence, it is now the second-most popular free iPhone app in the United States, behind only Robinhood.

Google Trends Stats Worldwide Search

Before the year 2021, the Google trends for Webull were not so encouraging. However, over the course of last 12 months, there has been amazing fluctuations particularly in the month of January. We can expect the same in the January 2022. So, let’s look forward to it.

Is Webull Safe?- Webull worldwide trends over the past 12 months
Webull worldwide trends over the past 12 months

Google Trends stats USA

Similar to what we discussed for the worldwide trends, the Webull trends in the USA have been really promising. We can hope to expect some bigger things in the coming year!

Is Webull Safe? - Webull Search Trends in USA
Webull trends 2021

Compare Webull Popularity to Nemesis Robinhood

Millions of users have flocked to Webull and Robinhood, two of the most popular investing apps, for their ability to swiftly trade and monitor stocks, options, and cryptocurrencies.

In several critical areas, Webull compares well with Robinhood, if not outperforms it.

Moreover, Webull provides helpful charts, better customer assistance, and still gets the job with no fees.

Looking at the Google trends Search for the two millennials trading platforms, Robinhood is 6 to 7 times more popular that Webull as depicted on the chart below.

Is Webull Safe?- Webull vs Robinhood Web searches from 2018 to 2021 - Robinhood is 7times more popular in searches than Webull
Webull vs Robinhood Web Searches by Google Trends

Robinhood is fantastic for no-cost trading, an innovative mobile app, and fractional shares, whereas Robinhood is great for no-cost trading, a slick mobile app, and fractional shares.

Although the cryptocurrency market is open 24 hours a day.

Webull’s extended hours trading function allows users to trade conventional assets such as stocks and ETFs from 4 a.m. to 9:30 a.m. or 4 p.m. to 8 p.m. (The stock market’s typical hours are 9:30 a.m. to 4 p.m. Eastern Time).

This feature is making Webull more popular than Robinhood.

Is Webull a Legit Trading Platform

All of the key financial regulators regard Webull to be a legit trading platform.

In general, any brokerage’s safety may be determined by the level of protection you have as an investor and the broker’s history. And on these counts, Webull is unmistakable.

How is Webull Regulated in the USA?

Webull is a licensed broker-dealer with the Securities and Exchange Commission (SEC) and a member of the Financial Industry Regulatory Authority (FINRA) and Securities Investor Protection Corporation (SIPC). 

The SIPC, since 1970, is a non-profit, nationally required, and member-funded organization that has guaranteed funds placed with US-registered brokerages.

The Securities and Exchange Commission (SEC) of the United States has launched its official website to safeguard investors and ensure fair, orderly, and efficient markets by preventing fraud, manipulation, excessive speculation, and insider trading.

However, Webull customers may invest in over 5,000 US-listed stocks, ETFs, and other assets without paying a fee. Investors may use the app to access trading services encompassing market data from over 100 exchanges in 90 countries.

Everything is there: stocks, bonds, commodities, foreign exchange, options trading, and cryptocurrencies.

Webull Regulations in other countries?

In the USA, the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) regulate Webull. However, outside the USA i.e. in China and Hong Kong, Hong Kong Securities and Futures Commissions (SFC) are undertaking its regulation.

Which other countries have access to the platform today?

At present, other than the USA there are very few countries in the world that have access to Webull. These few countries are China and Hong Kong, Korea, India, Japan, Malaysia, Turkey, Brazil, and The Philippines. So, it is very clear that Webull operates in different countries in the world and it may become operational in some other countries also. 

How do different regulators control Webull?

Webull is regulated by federal securities regulations that guarantee that all investors are treated fairly. The SEC zealously enforces all federal securities laws and holds everyone responsible for any violation.

On the other hand, FINRA’s purpose also includes investor protection. As a government-authorized non-profit, they protect the integrity of the financial markets by monitoring all brokerage firms in the United States.

However, every business that distributes securities products and the securities of their advertising is licensed and tested by FINRA. FINRA analyzes billions of market events every day.

Is Webull Safe to Invest with?

When choosing an online trading platform, look into what financial authorities control the site to ensure its reputation. As you can see, many top-tier organizations are behind the regulation of Webull. This guarantees that it complies with all US, UK, and international laws ensuring the protection of investors.

Webull is Reliable
Webull is Reliable

How are stock investors protected? 

Webull is a member of the SIPC – Securities Investor Protection Corporation. It means that clients have a cover-up of $500,000 ($250,000 in cash) if the brokerage goes out of business. It is also relevant in the case of loss of assets.

The brokerage’s clearing business, Apex Clearing, has extra insurance coverage that covers securities and cashes up to a total amount of $150 million.

This is subject to maximum restrictions of $37.5 million in securities and $900,000 in cash for each client.

However, bear in mind that this coverage won’t prevent you from just losing money in the market, which is why investing sensibly is so crucial. 

How are Crypto investors protected? 

An account with Apex Crypto is a must-have to trade cryptocurrencies. Apex Crypto is not a broker-dealer that has the registration with the SEC.

It handles Webull’s crypto trading and custody.

Moreover, Apex Crypto performs the transaction and maintains the coin money when you purchase a cryptocurrency on Webull. 

While Apex Crypto seems to offer secure crypto storage, there are a few points to keep in mind: 

  • Its bitcoin assets are not covered by insurance.
  • Its risk statement states that in the case of technical issues, it may not have enough financial coverage to compensate for bitcoin losses.

What Do Users Say About Webull?

Webull is ideal for the trader or aggressive investor who does not want assistance.

It also appeals to individuals who wish to trade since there are no additional expenses.

There is no account minimum, competitive margin rates, and zero fees on stocks, ETFs, options, and cryptocurrencies.

Is Webull trusted by Investors?

Since its inception in 2017, Webull has seen consistent development.

Not only has it survived the COVID-19-facilitated 2020 crisis, but it has also managed to grow its service offering during that period.

Webull has allowed its traders to utilize cryptocurrencies as trading instruments from the end of November 2020.

Who is Webull Target demographic?

Webull’s most significant target demographic, millennials, were reflected in the mobile-first launch.

Webull serves the newer and more active traders.

In addition, Webull welcomes people who take interest in a platform that offers a wide variety of free services, such as no account minimums, commission-free stock/ETF, and options trading and numerous cryptocurrencies.

Moreover, customers of Webull receive a lot of bang for their buck: a beautiful platform with a lot of valuable tools and features, as well as attractive profit rates.

Is Webull Really Free?

Webull does not charge commissions on any transactions, including the purchase and sale of cryptocurrencies such as Bitcoin and the trading of options.

Robinhood popularized commission-free trading, which is now the industry standard, even among major brokerages like Charles Schwab and Fidelity.

According to Webull’s website, regulatory bodies like the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) may still charge extremely tiny fees, such as $0.02 per transaction.

Is Webull Good For Beginners?

Webull is an excellent broker for newcomers.

First and foremost, their online platform is ideal for any newcomer, as it offers a wide range of order types, good customizability (workspace, charts), and is ultimately user-friendly.

Also, with two-step authentication, the Webull mobile platform is secure.

However, many newbies to trading are afraid of expenses, so the no-fee for options, ETFs, and equities is a massive plus for them.

A simple account registration procedure is another reason why this platform is a good location for new traders to start.

There is no minimum deposit, and everything is entirely digital and very quick.

FINAL THOUGHTS

This article provided arguments to answer the question : Is Webull Safe for new investors in 2022?

Depending on your investment type, you can feel secure to invest with Webull as many regulations are in place to protect your money.

As for cryptocurrencies product, Webull current clearing firm Apex Crypto does not provide the security to the many traders who embark in this new endeavor.

Until time will tell how people will feel about that part of Webull not knowing what may happen t their money should some awry happens down the road.

How To Add Money to Webull Account

Congratulations, you just created your Webull trading account.

But Before you can place your first trading order for that stock or crypto (Shiba inu I guess ?),

you will need first to add money to your Webull account.

This easy simple tutorial will guide you step by step with the process of How to Add Money to your new Webull account.

How To Add Funds to Webull

In order to start trading on Webull for the first time, you will need to deposit funds into your account.

That process is described below and can be done from your Mobile app.

Step 1. Click on the Center icon from your main screen as shown below.

How To Add money to Webull Account - how to access the Transfers Screen
How To Access the Transfer Page on Webull App

Step 2. Select the “Transfers” Menu on the Top on the Right of Orders

On the Transfer page, you will be given the choice to enter your brand new bank account you want to link to your Webull account.

You cannot use credit cards to Fund your Webull account.

Neither can you use pre-paid cards, PayPal or other types of bank accounts at this time.

You will need a checking account to your name.

This is very important because for your first time establishing this bank account on Webull, you will need to verify your ownership of the bank account.

How To Add money on Webull Account - First time verification process options
Webull First Time Deposit verification

This can be done in real-time verification or with micro-deposit of $1 .

The second method takes 1 or 2 business days so the real-time verification process is much better.

Webull recently introduced the option to deposit money to your Webull account by wire transfer.

However, given the paperwork associated with it, you will be very likely to make a mistake so I do not recommend it at all unless you absolutely do not have any other choice.

How Much Can you Deposit on Webull Daily?

Your daily maximum deposit from your bank account to your Webull account is fixed to $50,0000.

The verification process described above is in effect for the first time only.

Therefore, for all your subsequent deposit to Webull account, the process is much easier.

How Long Do Webull Deposits Take ?

After you have followed the steps to deposit funds into your Webull account, the Webull team will send you an acknowledgment email that looks like this one below.

How To Add money to Webull Account - Webull Official confirmation Email
Webull Deposit Confirmation Email

This Email will confirm how much money you requested to transfer to your Webull account .

More importantly, you will be advised of the time it takes for your transaction to process.

It takes up to 5 business days. Yikes !

But does that mean that you have to wait until the transaction ahs cleared to start trading on your webull account ?

Can you Trade on Webull Account Before Your Transfer is Completed ?

You guessed it, you do not have to wait until the full transaction between Webull clearing house and your bank settle the funds

The very next business day or on the same day (if you initiated the funding request before 4pm EST) ,Webull is kind enough to grant you Instant buying Power.

The amount is usually a fraction of the money you are transferring from your bank to Webull trading account.

In the example above, $100 was credited s instant buying power before the funds were settled.

How To Cancel Your Deposit in Webull

While your deposit is still in transit, you have the possibility should you change your mind to cancel your deposit to Webull.

I have not tried this before to tell you how effective this process is but I know that the option is there for you just in case.

Below is the screen capture showcasing how to cancel a Webull deposit while still in transit within five business after initiation.

How To Add Money to Webull Account - Screen on how to cancel an in transit deposit
How To Cancel Webull Deposit (In Transit)

Risks To Deposit Money to Webull

Because Webull provide you with trading capital before your funds are fully transferred to your trading account, there are some risks you need to be aware of.

In the event that your bank account does not have enough money to satisfy the amount of funds you requested, you will be charged a $5 reversal fee by Webull clearing firm.

You may run into this issue if your banks has a limitations on the number of ACH transactions per month.

Please check with your bank to ensure that you are authorized a sufficient number of ACH transfers each month.

How To Add money on Webull trading account - Be aware of $5 reversal fee
$5 Reversal Fee For Insufficient balance

An even worse scenario could be the one where you start trading with Webull Instant buying Power.

Then you lose some of or all of that money and your transfer never settle because of an issue as mentioned above with your financial institution.

Webull will come after you for that money and can even close your account.

You maybe thinking that $5 is not a big deal and you are probably right.

However, may I remind you that you can buy 10,000 Shiba inu coin with $5 !

How To Withdraw Money From Webull Account

Just below the Deposit icon inside the Transfer page of the Webull App, you will find the Withdraw options.

Webull will always tell you right there how much you can withdraw.

all you have to do is to click on Withdraw and enter how much of your available withdrawable balance you want to transfer to your bank.

Notice that it has to be the same bank you linked to your Webull account when you initially setup at the start of this process.

How To Add Money on Webull - How to Withdraw money from Webull account
Withdraw Option on Webull

Alternatives To Deposit on Webull

It is always good to have a backup trading account.

Chances are your main trading platform can encounter an outage one of these days.

That has happen to me many times helas 🙁

A Good alternative to deposit money on Webull is to setup a secondary trading account with E*TRADE.

E*TRADE offers the ability to do same day wire transfers.

You will not be relying on luck with your Initial Buying Power as with Webull.

FINAL THOUGHTS

I showed you how to easily add money on Webull trading account so that you can start trading.

While you are waiting for your fund to arrive, below are some of the Webull features beginner traders on Webull have found very useful.

How To Use Webull Stock Screener – Easy Step by Step guide

Webull App and Desktop provide a stock screener to help traders find suitable stocks. From long term investing through swing trading and stock or options day trading, Webull stock screener is well positioned to help you take your trading to the next level. Webull Stock Screener on Mobile App One of the biggest challenge aspiring and veteran traders share with me in my Discord room is how to pick stock to trade. Often, I discover that a lack of a …

Read More

How To Read Level 2 Market Data on Webull

Webull Level 2 Market data provides an intuitive view of the battle between buyers and sellers. In this tutorial, you will learn how to leverage Level 2 data from Webull to take your trading to the next level. What Is Level 2 Data On Webull ? Level 2 market data in trading is a view of buyers and sellers intend through their respective orders. It provides the depth of how many shares traders are buying and selling as well as …

Read More

How To Read Webull Charts – Easy 2021 Step by Step Guide

If you are new to stocks or options trading, reading stock charts is one of the most intimidating skill to master. Hopefully, Webull platform introduces very intuitive stock charts. This easy step by step guide will bring you an in depth view into how to read Webull charts so that you can easily focus on growing your account. How To Read Webull Charts | Webull Charts Settings Whether you are using the Webull App or its desktop version, setting up …

Read More

How To Use Webull Volume Analysis

How To Use Webull Volume Analysis

The new Webull Trading App offers plenty on new tools and features to help stocks and options traders. In this discussion, we will be focusing on How to Use The Webull Volume Analysis feature. With the intended goal to incorporate this tool into your trading strategy to help grow your account. How To Use Webull Volume Analysis | What Is Volume in Stock Trading Volume in stock trading is the sum of the number of shares sold plus the number …

Read More

How To Trade Options on Webull : 2021 Step-by-Step Guide

Webull Options trading has been lacking for a long time. Finally, the platform has decided to step up to its many customers requests and introduce a slew of features in 2021 including Options Tradings. By the end of this tutorial on How to Trade Options on Webull App or Desktop, you will be equipped with the knowledge to set up your Webull options trading App or the Dashboard, access the the training course offered on the App version of Webull, …

Read More

How To Buy Shiba inu Coin on Webull

Shiba inu coin is the latest crypto currency to take the investing world to the next level.

In this tutorial, I will show you how you can easily buy Shiba inu coin on Webull.

Plus, I have a free Shiba Excel Calculator you can download to help you manage your investing in Shiba crypto.

Can You Buy Shiba inu Coin On Webull ?

Webull offers traders and investors to buy crypto on their trading paltform.

In fact, you do not even need a ton of money to get started in investing in crypto on Webull.

With as little as $1, you can become owner of shares or cons of you favorite crypto today.

Which Crypto Coins Can you Buy on Webull

As of this writing, Webull offers you 15 different Coins you can trade.

These range from Bitcoin (BTCUSD) , Dodge, Ethereum , Shiba inu (SHIBUUSD) , Dash, Litecoin just to name a few.

How To Buy Shiba inu coin on Webull - List of Crypto coin you can Trade on Webull
Available Crypto Coins tradable on Webull

Is Trading Shiba inu Coin on Webull Safe?

Webull warns every investor in crypto that the clearing firm the used called Apex Crypto is NOT FDIC insured therefore you must understand the risk in this investment.

Nevertheless, should you decide to assume the risk, let’s introduce a simple Shiba inu coin calculator you will need to buy Shiba coins.

Buy Shiba Coin on Webull Using My Free Calculator

I introduced this free calculator to help you determine how many Shina coins you can afford with your budget.

You simply enter the Dollar amount you want to invest and my Excel spreadsheet gives you how may coins you will get with that money.

Otherwise, you will have to guess every time how many coins to enter on your order form.

Here is what it looks like:

How To Buy Shiba inu Coin on Webull - Shiba Coin Excel Calculator
Easy Shiba inu Coin Excel Calculator to Buy Shiba on Webull
Download Shiba Calculator Below

The chart on the right hand side of the Shiba inu coin calculator gives you a quick answer to the question : How many Shiba inu coins can you buy for different investment amounts.

For instance, we can quickly glance that with $5, you can buy over 70000 coins of Shiba inu coins.

Watch Me Buy Shiba inu Coin On Webull Live

I recorded a Live purchase of Shiba inu Coin on Webull today.

Here is the full video for you to follow Along.

When on the Webull order Ticket for Crypto, the ticket has a button with a percentage of your buying power.

Let’s say to have $100 of buying power on your Webul laccount.

If you want to buy Shiba inu coin, you can slide the cursor to signify that you want t ouse 10% of your buying Power for this transaction.

10% of $100 is $10 and therefore you will expect using the above Shiba inu Excel calculator to buy over 140,000 coins of Shiba.

How Much Is a Shiba inu Coin ?

To help you up to the minute Live quotes on the the price of Shiba inu, here is a Live Chart you can come to and follow along regularly.

This daily chart of Shiba inu auto update and you can follow the technical indicators for Shiba inu right on it.

You can compare Shiba inu coin to other Altcoins readily provided in our Watchlist.

Should you need to see more Crypto not listed above, please send me a note live on this website or in the comments section.

Why Should You Buy Shiba inu Coin in 2022 ?

If you are looking for high return on investment, consider the recent performance of Shiba inu coin.

Suppose you invested $1000 in Shiba inu coin in Early October 2021.

Just a mere 30 days later, your investment would have returned 700%.

We know well that past performance are not an indicator of future returns.

However, in the sphere of crypto, early adopters hold a prime position compared to late arrivals.

The price of Shiba inu coin which you can track from our above auto updatable chart is so attractive compared to any potential upside, it is a no brainer of an investment.

You can start with as little as $1.

The Excitement of it is that you will quick hold millions of Shiba inu coins with just a few hundred dollars.

Alternatives to Buying Shiba inu Coin on Webull

If you are not ready to start trading Shiba inu coin on Webull, here are some alternatives to buy Shiba from Webull.

#1. Coinbase

Can you buy Shiba inu coin on Coinbase ?

#2. Binance

#3. Robinhood

#4.KuCoin

THOUGHTS

Finding the right and safe platform to invest in Shiba inu coin is still a challenge.

However, Webull enables you to start trading Shiba inu coin on their platform with a warning.

Are you willing to take the chance?

Can You Paper Trade Options On Webull in 2022

Paper Trading Options is a great Way to build confidence in your strategies.

Either you are a beginner options trader or a veteran who is testing to validate a brand new trading strategy,

you will need options paper trading before going Live.

In this discussion, we will show you the best place to paper trade Options as an alternative to Webull.

Paper Trading Options on Webull

The first time I opened my Webull Trading account and saw that there was a $1 Million for paper trading, my eyes opened quite bright.

I do not know about you but the thought to see my account grow to higher amount even if it is not really money was enough to get me super motivated in using Webull paper trading.

Is Webull Paper Trading Worth It ?

However, that enthusiasm was quickly dampened by the lack of Paper trading Options on Webull.

Can You Paper Trade Options on Webull - Webull US Stocks Paper Trading Account with over 1.027 Million
How I have been able to Grow My US Stock Paper Trading Account

I knew then and there that my days on Webull paper trading options will be very short.

Instead, I focus on other options Trading platforms that provide paper trading for options.

Why Is Paper Trading Options So Important

The first reason for paper trading for veteran traders is to test and validate brand new trading system.

With the goal to see how effective a specific trading methodology is – traders can avoid loss of time and time while pursuing a new way to make money trading options.

The sometimes forgotten reason is for beginners traders to build their confidence even on already proven options strategies.

Recently, n new trader joined our Discord room and started learning about out our 10-Baggers trading System.

My advice to her was to spend a few weeks at least getting familiar with the ordering process and the nuances of trading options.

We agreed that she would be doing so without risking really money.

Trader in Our Discord Room made over $400 Day Trading BABA Options after Paper Account Trading Boost

Therefore, she started Paper trading options with Successultradings 10-Baggers Trading system.

She traded #AFRM options on her paper account for so much profit that the next day, she decided to trade with really money.

Just to give you an idea about our system, here are the last few weeks summary results.

Great confidence in the strategy led this trader to make over $500 the very next day on BABA and #AFRM on her live account

Just like this trader, you can easily emulate our successful trading strategies first on Paper trading account which Webull does not provide for options but from the alternatives to Webull Options Paper Trading below.

Alternative # 1 To Paper Trading Options On Webull

The easiest options Trading Paper account you can start today is E*Trade.

It comes with $100000 for Paper trading Options and stocks.

You will be able to reset it anytime for an unlimited funding so that you can practice and refine your options trading strategies.

Here is my Full tutorials on how to Trade Options on Etrade from your Paper account.

To View the Full Watch List on How TO Trade Options on E*TRADE, click here

Alternative #2 to Webull Options Paper Trading

I was undecided on which options trading platform to recommend as number 2 for paper trading.

But after a few second, I opted for the newcomer FUTU MOOMOO App.

This one is as progressive as Webull but It offer $1 Million dollars for Options Paper trading.

Can you Paper Trade Options On Webull - Futu Moomoo account comes with $1Million for Options Paper Trading
Futu MooMoo $1Million Options Paper Trading Account

Wait until I tell you that this amount is separate from the Stocks Trading paper account which coems with its own $1 Million.

Futu MooMoo App is gaining popularity in a great of countries around the globe as described in our Futu MooMoo Review.

How To Use Webull Stock Screener – Easy Step by Step guide

Webull App and Desktop provide a stock screener to help traders find suitable stocks. From long term investing through swing trading and stock or options day trading, Webull stock screener is well positioned to help you take your trading to the next level. Webull Stock Screener on Mobile App One of the biggest challenge aspiring and veteran traders share with me in my Discord room is how to pick stock to trade. Often, I discover that a lack of a …

Read More

How To Read Level 2 Market Data on Webull

Webull Level 2 Market data provides an intuitive view of the battle between buyers and sellers. In this tutorial, you will learn how to leverage Level 2 data from Webull to take your trading to the next level. What Is Level 2 Data On Webull ? Level 2 market data in trading is a view of buyers and sellers intend through their respective orders. It provides the depth of how many shares traders are buying and selling as well as …

Read More

How To Read Webull Charts – Easy 2021 Step by Step Guide

If you are new to stocks or options trading, reading stock charts is one of the most intimidating skill to master. Hopefully, Webull platform introduces very intuitive stock charts. This easy step by step guide will bring you an in depth view into how to read Webull charts so that you can easily focus on growing your account. How To Read Webull Charts | Webull Charts Settings Whether you are using the Webull App or its desktop version, setting up …

Read More

How To Use Webull Volume Analysis

How To Use Webull Volume Analysis

The new Webull Trading App offers plenty on new tools and features to help stocks and options traders. In this discussion, we will be focusing on How to Use The Webull Volume Analysis feature. With the intended goal to incorporate this tool into your trading strategy to help grow your account. How To Use Webull Volume Analysis | What Is Volume in Stock Trading Volume in stock trading is the sum of the number of shares sold plus the number …

Read More

How To Trade Options on Webull : 2021 Step-by-Step Guide

Webull Options trading has been lacking for a long time. Finally, the platform has decided to step up to its many customers requests and introduce a slew of features in 2021 including Options Tradings. By the end of this tutorial on How to Trade Options on Webull App or Desktop, you will be equipped with the knowledge to set up your Webull options trading App or the Dashboard, access the the training course offered on the App version of Webull, …

Read More

FINAL THOUGHTS On Paper Trading On Webull

We have proven strategies that we have tested 1000 times on Options Paper trading and Live account.

May I suggest you consider leveraging them with hands on 1 vs 1 Coaching while we teach you how you can build your own consistent strategies.

Join our 10-Baggers Trading System for a Successful 2022 Trading year.

How To Read Level 2 Market Data on Webull

Webull Level 2 Market data provides an intuitive view of the battle between buyers and sellers.

In this tutorial, you will learn how to leverage Level 2 data from Webull to take your trading to the next level.

What Is Level 2 Data On Webull ?

Level 2 market data in trading is a view of buyers and sellers intend through their respective orders.

It provides the depth of how many shares traders are buying and selling as well as their corresponding prices.

This means that if you are able to correctly read Level data, then you can infer the direction of the trade on any stock, commodity or instrument you are trading.

Therefore, you can turn this Webull Level 2 market data into an edge since it provides you an advice view of price levels.

How To Get Webull Level 2 Market Data

Webull Level2 market data features Level2 Advance, a premium data feed from Nasdaq Total View.

The easiest way to get the Webull Level 2 Subscription is to go to “Help Center”.

  1. Then you click on “Subscribe to Level” as shown on the Screen below.
How To UseLEvel2 Market data on Webull - Hubsciption to Level 2 from The Help Center
How To Subscribe to Webull Level 2 From the Help Center

2. The following screen shows up and you can Choose Level 2 Subscription at the bottom of the page

How To Use Level 2 Market Data on Webull - Features of Level 1 vs Level 2 Market Data on Webull
Difference between Level 1 and Level 2 Market Data on Webull

Level 2 market data from Webull provides further in-depth view of orders.

Up to 30 bid and ask prices are used to generate orders distribution chart we will be dissecting in the next section.

How Much Does Webull Level 2 Cost ?

If you are a new trader on Webull, there is a 3-month free access to Level 2 Advanced market data.

After which, your monthly cost will be $2.95.

I really think this extra cost is worth the price for traders who want to get an edge in their trading.

What To Look For In Webull Level 2 Data

Webull representation of Level data is meant to further help traders compared to other providers.

Let’s break down the different insights you need to look for when studying Webull Level 2 market data.

Buyers vs Sellers Orders Volume on Webull Level 2

The originality of Webull Level 2 Advance market data is from the Top chart of the orders Level.

It looks as shown in the image below.

How To Use Level 2 MArket Data on Webull - Sellers Orders volume vs Buyers Orders volume
QQQ Level 2 Market Data on Webull | October 6 2021 Pre-Market

On the right hand side in red, the sellers orders (30 orders are used to summaries this view) volume is what is represented on the vertical axis.

The horizontal axis describes the price of the stock, in this case, QQQ was trading at $352.06.

The left hand side column captures the volume of all buying orders.

In the above view, the red shaded area (volume of selling orders) is much higher than the left green area.

This means that there is more selling volume that buying volume.

Therefore, the current momentum in bearish.

Price for QQQ is then expected to slide lower to the left should the bearish momentum continues.

This graphical representation of Level 2 Market data on Webull is dynamic as buyers and sellers orders come in.

As an example, later on, I capture this similar view when buyers took control and the price moved up from $352 to $353.6.

How To Use Level 2 MArket Data on Webull - View of QQQ Level 2 data when Bulls orders volume is greater than Sellers
Buyers in Control on QQQ Level 2 Market Data from Webull

Dynamic of Level 2 Market Data on Webull

Unlike Level 1 where you can only see the best Bid and Ask prices and the corresponding shares, Level 2 Advance on Webull provides a deeper view of the market.

What I like to pay attention is the dynamic movement of the orders.

Typically, when there is a strong momentum on either side (buying pressure or selling pressure), the chart updates very quickly.

This is a sign for traders to know that the stock or instrument they are trading is attracting a great deal of traders.

Thus, we can expect bigger moves compared to a stock where the movement of the orders is not as rapid.

Here is short video depicting this phenomenon on QQQ towards the closing.

How Many Orders Can You See on Webull Level 2 Market Data

We know that Webull Level 2 Advance orders are ranked 1 through 30.

How many a trader need to display is a matter of personal preference.

I personally prefer to to show only the first 10 orders on the view below as you saw in the video.

Webull Level 2 gives you the choice to decide how much depth of the order book to display.

How To Use Level 2 Market Data On Webull - How to change the numbers of Orders Displayed on Webull Level 2 Advance
How To Change The Number of Orders displayed on Webull Level 2

Here is how you can modify how many orders on both sides as depicted on the above image.

  1. Click on the blue number to the right of shares – current numbers of orders
  2. A Small window popup that offers multiple choices menu: 1, 3, 5, 10, 20 and 30
  3. Select one of the 6 choices above – I Always Use 10

How To Spot a Bullish Momentum on Webull Level 2

Whenever I am analyzing Webull Level 2 Advance market data on a stock I would Like to trade on the bullish side, my focus is on the bottom right hand side.

So a bullish momentum with great strength is confirmed when order number 9 and 10 start flashing higher and higher prices.

This means that the Ask prices are getting accepted and the stock is likely to sustain a great buying pressure.

In this scenario, the left hand slope (green line volume) needs to be higher than the red line slope as depicted on the second image above for QQQ.

How to Recognize Bearish Momentum On Webull Level 2

For the bearish momentum or selling pressure, the slope of the red line must be above the slope of the green line.

Such is the case on the first image.

Now, using the same technique as above, I am looking at orders 9 and 10 and need to see lower prices flashing in there.

Then we can anticipate that the price is likely to reach those lower prices should the selling pressure continue.

How To Use Level 2 Market data on Webull - Importance of Orders # 9 and 10 at the bottom
Orders 9 and 10 Help Anticipate Future Price Levels

It also must be noted that the higher the size of the shares at this lower prices the more conviction is in the bearish momentum.

Last but not least, in both the bullish and bearish momentum, the range difference between Order # 1 and the bottom orders 9 and 10 is also forthtelling of the amplitude of the move.

How To Use Webull Level 2 Market Data In Options Trading

Since I mostly trade options through our proven 10-Baggers Trading System, I usually find myself scrutinizing Level 2 to help determine of I need to scale into a position further.

Let’s say I am trading Calls/Puts on QQQ or SPY in the middle of the Expiration day , Level 2 market data on Webull can quickly help me confirm whether I should buy more contracts in that winning direction.

Alternatives to Webull Level 2 Data

I have seen other level 2 market data with as few as five market orders depth view.

Such most prominent example is Power Etrade.

As a trader, you are basically left to guess what may be coming price wise.

I do not know about you but that makes me feel very vulnerable if I can not see the full depth of the market I am trading.

========> Related Video: Webull vs ETrade Review

Final Thoughts

Webull calls its Level 2 market Data Level 2 Advanced and deserves this appellation.

You will be able to get great insights in tot he depth of the orders for any instrument you are trading.

This feature is of a great help in opening a position or providing a confirmation to further scale into an already existing position.

IF you are serious about taking you trading to the next level, I can coach you master technical analysis like Level 2 breakdown we described in this article. Click on the Link below to get started Today.