Webull Review 2026: Trading Tools, Investment Options, Fees, and Features

What is Webull?

Webull is more than just a place to buy and sell stocks. It is a US online brokerage platform that brings different financial markets together. You can trade stocks, ETFs, options, futures, cryptocurrencies, and prediction market contracts. It also has charts and market data to help you follow price movements.

One thing I like about Webull is that it gives you many ways to participate in the markets. Beyond investments, you can trade contracts based on events like sports results, economic announcements, and cryptocurrency prices. Webull makes this possible through its partnership with Kalshi, a federally regulated US exchange that lists prediction market contracts.

However, event trading works a little differently from regular investing on Webull. You need an eligible Individual Cash or Individual Margin brokerage account before you can apply for a separate Event Contract account. Once it is approved, you can try out available markets, choose Yes or No on an outcome, and place your trade.

You can use Webull on your phone, computer, or web browser through its mobile app, desktop software, and WebTrade browser platform. Just keep in mind that not every prediction market feature is available across all three. All in all, I think Webull is perfect if you want a platform that combines everyday investing with opportunities to trade on the prediction markets.

Is Webull legit and safe?

Yes, Webull is a legitimate and regulated US trading platform. However, the level of protection you receive will depend on what you trade. Webull Financial LLC handles stocks, ETFs, and other securities. It is registered with the US Securities and Exchange Commission (SEC) and is a member of FINRA and the Securities Investor Protection Corporation (SIPC). Eligible brokerage accounts receive SIPC protection of up to $500,000, and that includes $250,000 cash. However, this protection only covers missing customer assets if a brokerage fails, and not money you lose from trading.

Prediction markets are a little different. Webull offers these contracts through Webull Futures LLC, which is registered with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA). The contracts themselves are listed on KalshiEX and cleared through Kalshi Klear. However, event contract accounts are not covered by SIPC protection. You also risk losing your entire contract purchase amount and fees if your prediction turns out to be wrong.

There are also location restrictions for you to consider. Sports event contracts are unavailable in Nevada, Maryland, Connecticut and Michigan. I also like that Webull offers a Voluntary Opt-Out feature that allows you to block yourself from opening new event contract positions for a chosen period. So, while I consider Webull a regulated platform, I would still recommend that you check the trading rules and know what protections apply before putting money into any market.

How does Webull work for prediction markets?

Webull makes prediction market trading straightforward. You trade contracts based on whether a real-world event will happen instead of buying shares in a company. These events can involve sports, cryptocurrency prices or economic decisions, and you choose Yes or No depending on your prediction.

To get started, you need an eligible Webull brokerage account and approval for a separate Event Contract account. You can browse markets, check contract details and place your trades after it has been approved.

Understanding yes and no contracts

Event contracts cost between $0.01 and $0.99, and each winning contract pays $1. For example, if you buy a Yes contract for $0.40 and your prediction is correct, you earn $0.58 in profit after the $0.02 opening fee. If you are wrong, you lose your $0.40 purchase price and the fee.

The price also gives you an idea of what the market expects. A $0.65 contract will suggest a 65% chance of that outcome, although it is not guaranteed. Webull does not allow leverage, but you can sell your contract before settlement if a buyer is available.

Webull markets and contracts

Variety is where Webull’s prediction markets stand out. You can trade more than just sports outcomes, with categories that cover crypto, financials, economics, culture, climate and science and technology. Webull divides its prediction markets into seven categories so as to give you different events to trade on. Contract prices rise or fall as new information becomes available.

Each category comes with different questions to trade on. For example, sports contracts can ask which team will win a match, and financial contracts could ask whether a stock index will reach a certain price. The available markets change regularly as events conclude and new contracts become available.

Although Webull offers round-the-clock access to prediction markets, individual contracts have different trading hours. These will depend on the exchange rules, contract schedules and maintenance periods.

I also like that Webull displays contract prices, trading volume, expiration dates and settlement rules before you trade. However, availability varies by state and account eligibility. I advise that you check these details and understand the risks before placing a trade.

Webull fees and pricing

One thing you should know in this Webull review is that not all trades come with the same fees. Even though you can trade eligible stocks and ETFs without paying commissions, prediction market contracts have their own fees. I think understanding these charges is important before you start trading.

Webull charges $0.01 per event contract, and the exchange adds another $0.01. This means you pay $0.02 per contract each time you buy or sell. The fees are easy to calculate, which I like because you can estimate your costs before placing an order. Look at the overview of Webull’s main trading fees.

Let me put those fees into perspective. If you buy 100 Yes contracts at $0.45 each, you will spend $47, including fees. A correct prediction will get you a $53 net profit. If you are wrong, you lose $47. Selling before settlement also attracts additional fees.

Other charges apply to futures, crypto and certain securities trades. So if you are interested in comparing cryptocurrency trading costs, my Gemini review explains how another platform’s trading fees work.

Webull Premium offers extra brokerage benefits, but you do not need a subscription to trade prediction markets. What I suggest is that you always check the full costs before placing an order so you know what to expect.

Webull promotions and bonuses

I saw on the Webull official site that there is currently a $20 voucher for new event contract users in the US. The offer is promoted with the message “New to Event Contracts? A $20 Voucher Awaits,” followed by three steps: Claim, Trade and Redeem. However, the promotion comes with terms and conditions, so check for the requirements before participating. Here is what you should know about the promotion:

• Voucher amount – $20.
• Eligibility – New event contract users who meet Webull’s eligibility requirements.
• How to claim – Follow the Claim, Trade and Redeem steps.
• Additional conditions – Specific requirements can apply before you can redeem the voucher.
• Withdrawals – Do not assume the voucher is the same as $20 in cash that you can withdraw immediately.

Webull usability and user experience

What I first did for this review was to look at how easy it is to navigate the platform and find information before placing a trade. Webull combines prediction markets with regular trading tools, charts, account balances and research features. This will give you plenty of information, but it will feel like a lot if you are only interested in Yes/No contracts. On the mobile app, you can head to Markets, choose Predictions and browse available contracts by category or search for a specific event.

The important details are easy to check once you find a contract. You can see the Yes and No prices, read the event rules, check the expiration date and review market activity. Before confirming your trade, the order ticket will show your chosen outcome, quantity, estimated cost and fees. You can also view buy and sell orders at different prices to get a better idea of market activity. If Webull feels too busy, my Rolr review looks at an alternative.

Webull also has watchlists, screeners, research tools, paper trading, community features and tools for automated trading. These can be useful for experienced traders but can feel overwhelming to beginners. Once you get used to the layout, the clear contract details and visible fees make it easier for you to understand a trade before placing an order.

Webull mobile vs desktop – which should you use?

Webull lets you trade using your phone, computer or web browser. You can access the platform through its iOS and Android apps, desktop software, or the browser version called WebTrade. However, each version can give a different experience, especially when it comes to prediction markets. Mobile gives you the widest selection of event contracts. You can easily browse markets, check prices and manage your positions from home.

You get a different experience on the desktop. Instead of giving you the full range of prediction markets, it currently focuses on selected hourly stock index and cryptocurrency contracts. You can find these through supported charts, event mode or the events widget. With a desktop, you have more space to study charts and follow market movements. Check out my Moomoo review to see another platform with similar tools.

WebTrade offers another way to use Webull without installing software. You can access general investing tools and manage your account through a web browser, although its prediction market features differ from those on mobile and desktop. I like that Webull gives you different ways to trade, but choosing the right version comes down to the markets you follow and the features you need.

Which Webull platform is right for you?

Your choice depends on what you want to trade and how you prefer to use the platform. Here is my recommendation:

• Mobile app: Best for exploring prediction markets, checking prices, and managing trades wherever you are.
• Desktop: Good for viewing larger charts, studying markets and trading supported hourly event contracts.
• WebTrade: Best for managing your investments and account through a web browser.

Webull deposits and withdrawals

Getting money into Webull is fairly straightforward. You can fund your brokerage account through ACH bank transfers, wire transfers or debit cards as long as you are eligible. For prediction markets, you add money to your linked Individual Cash or Margin brokerage account instead of funding your event contract account separately. I find this convenient because you do not have to transfer money between accounts yourself. However, remember that a deposit showing in your balance does not always mean the funds are ready for trading.

When it comes to withdrawals, Webull sends money from your event trades back to your linked brokerage account. This happens after you sell a contract or the exchange completes settlement. Keep in mind that an event ending does not always mean your money is immediately available. You can transfer them to your verified bank account through ACH immediately the funds are ready for withdrawal. According to Webull, ACH withdrawals can usually take two to three business days to reach your bank.

There are also holding periods for you to consider. Webull places a four-business-day hold on ACH deposits, a one-business-day hold on wire deposits and a two-business-day hold on debit-card deposits before withdrawal. Other account checks or settlement delays can extend these timelines. My advice for you is to check your available-to-withdraw balance before making a request.

Webull customer service

If you run into problems while using Webull, there are several ways you can get help. The platform offers customer support through its Help Center, email and phone. I like that Webull also provides separate contact details for prediction markets so you can reach the team responsible for event contracts.

These are the main ways to contact Webull customer service:

• Help Center – Browse guides on account setup, trading, deposits, withdrawals, and common problems.
• General email support – Reach Webull at support@webull.com.
• General phone support – Call +1 (888) 828-0618 for account-related assistance.
• Prediction market email support – Contact futures@webull.com for event-contract questions.
• Prediction market phone support – Call +1 (888) 816-0040, Monday to Friday, from 8:00 am to 5:00 pm ET.

Before contacting support, I would advise that you first check Webull’s Help Center. It explains how event contracts work, why your buying power might be limited and what happens during settlement. You can also find possible reasons why a trade is not going through like insufficient funds, low liquidity or market restrictions. Having these answers readily available can save you the trouble of contacting an agent for every small issue.

The main thing I cannot confirm is how quickly Webull responds to customers. I have not personally tested its email or phone support, so I would not make claims about response times. Still, I think the available support channels and detailed Help Center are useful, but the actual quality of customer service is something you will need to judge from your own experience.

Final thoughts – is Webull right for you?

After reviewing Webull, I concluded that it is a good choice if you want to trade prediction markets and manage other investments in one place. The platform offers different event contracts, trading tools and a mobile app that makes it easy to follow markets. I also like that Webull operates through regulated financial companies.

That said, Webull is not perfect for everyone. The platform can feel a little busy if you are a beginner, and you will find fewer event contracts on desktop than on mobile. There are also trading risks and account requirements to consider, so you just need to understand the fees, account requirements and risks before placing a trade.

If that sounds like what you are looking for, click any of the Webull banners on this page to browse the available event contracts and decide if Webull is the right choice for you.

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