r/Webull • • Nov 15 '22

Official referral thread

127 Upvotes

Get your referral code or share one for someone to use. These official threads are the only place on the Webull subreddit that you should post your referral links.

Rules:

  • No referrals to other sites and services
  • Contest mode enabled
  • Post link only once per thread

Suggestions:

  • Put some effort in, entice people to click your link because you came up with something interesting or funny to go along with it. Also it makes moderating this sub more interesting for me.
  • Share what stocks you've gotten from the promotion in the past.

r/Webull • • Nov 15 '22

ATTENTION! Increased scammer activity reported!

55 Upvotes

Multiple reports of people posing as Webull support have been coming in lately.

Webull support is NOT on Reddit. Do not respond to anyone sending you a link to a support site, it is not real. Report them so they can be banned.

I am not affiliated with Webull, only u/WEBULL-APP is an official Webull account, and they are not active. Even if they were, they do not provide support on Reddit.


r/Webull • • 9h ago

Should I let my boyfriend trade with my account?

0 Upvotes

My boyfriend has been talking about using my account to trade because his account got locked/levied apparently due to unpaid legal fees.

He already gave me cash for it and wants me to deposit it into my bank and onto Webull. To be safe I think i would unlink my bank account after depositing if possible.

I’m thinking about it but still debating on if it’s a good idea? I don’t know anything about trading but he says there’s no way for him to make my account negative.

I’m trying to hear opinions and take it all in right now.. I guess part of me wanted this to make some sort of sense.

Just to reiterate some things he’s said, I discussed taxes, he said he would be fine with me keeping the money anyway. He stated it’s not a margin account, but he would be doing options. I have spoken about it being gambling and he says he’s gambling his own money, lmao, and he is only risking the money he puts in. He says if he loses his money, I still gain something, because I can claim it on taxes apparently.

Some things make sense, some things don’t. I’m feeling like I should convince him to just pay what he owes so he can trade with his own account.


r/Webull • • 14h ago

No "flatten" button on Turbo Option Trader?

2 Upvotes

So there's the flatten button to close all positions on the "Turbo Trader", but the button does not exist on the "Turbo Options Trader". I went through the settings and is not there.

Is there a reason for that? Is There a way to include the flatten button?


r/Webull • • 1d ago

Webull refusing to let me speak with a manager.

7 Upvotes

I have an account issue since last Tuesday. I have called every couple days and the agents have not been able to help me. I have asked for escalation to a manager. They say they will put in a request to have one call me back within 24 hours, but they never do. This has happened 3 times now. How do I get proper management supervision? Should I file a FINRA complaint?


r/Webull • • 22h ago

Has anyone ever received random money?

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1 Upvotes

I’ve been on Webull over 5 years, never had a margin account it was just cash. I didn’t do any promotions for the account, it was strictly for trading. I cashed out all my stocks early this year and left $.03 in the account. I checked the account yesterday and I saw almost $32 as my balance, I checkedthe history and it was about $64 last month. I looked at my trade history/dividend history and there was nothing reflecting the $32. Has this happened to anyone?


r/Webull • • 1d ago

Help How to force Webull to process withdrawals of **Contributions** from their Roth IRAs?

1 Upvotes

Hi all!

I want to withdraw the settle cashed from my Roth IRA that compromises a fraction of my total contributions. Webull does not allow this. They only allow you to process the withdrawal as if you are withdrawing EARNINGS.

That flips the order of operations per US tax statues. It's explicitly stated that Roth contributions (aka income that's already been taxed) are always to withdrawn before any earnings.

Webull's IRA don't have that option. I can manually drop the tax withholding 0%, but Webull will still withhold penalties—only if you move it to an external account. It let me process a $10 withdrawal to my Cash account without penalty. I am not concerned with them holding the 3.5% match value; the language is more arbitrary and capricious than that.

Can someone please tell me if I am missing something? I don't even HAVE any earnings to withdraw currently. Opened relatively recently so sitting at -0.34%. That is unrelated to my reason for withdrawing the fractional value but it further shows Webull seems to only function by trying to tax a loss?

I hope this is an easy fix! I'd really rather not just liquidate it and roll it over to Fidelity.

Sources to show it's not AI slop:

https://www.irs.gov/instructions/i8606

https://www.irs.gov/publications/p590b

https://www.law.cornell.edu/cfr/text/17/240.15c3-3

https://www.law.cornell.edu/cfr/text/17/240.15c2-1

https://www.finra.org/rules-guidance/rulebooks/finra-rules/4330

https://www.fidelity.com/learning-center/trading-investing/roth-ira-withdrawal-rules


r/Webull • • 2d ago

Paper trading...

2 Upvotes

Is there a reason bracket orders aren't showing up on screen when I'm paper trading? It doesn't show up on the chart.

Just me?

Any trouble shooting is appreciated.

TIA


r/Webull • • 2d ago

Discussion Cope + Opinions + Recommendation

4 Upvotes

So we all know the controversy over webull the last week and its safe to say im worried. I think webull is the best investment / trading app out of all of them. Webull had the best app / desktop applications and easiest to use. But with the news coming out it’s looking hazey and grey about the future of webull. Im in college right now so the possibility of my money being in trouble isnt the best news to have. So i transferred my money to IBKR ( international brokerage). Im trying to get used to it but nothing compares to webull in my opinion, and IBKR was the closes thing to webull from watching reviews on the app. Are we copping with webull being in trouble and downplaying it ? What do you guys think about webull right now, and do you guys have any recommendations for investment/ trading apps or any stories ?


r/Webull • • 2d ago

Help Transferring out fee X 2 for margin + cash account

0 Upvotes

Does Webull charge $75 to transfer out a margin account and another $75 for the cash account or is it simply one $75 fee total? I have one account with a margin an cash portion.


r/Webull • • 2d ago

Webull exercised my OTM option

0 Upvotes

I sold a $746 QQQ put exp 10/12
10/12 QQQ was 746.04

My OTM option was incorrectly exercised. What gives?


r/Webull • • 3d ago

Discussion Webull cmon!!!

13 Upvotes

-Not giving a search bar on the account tab
-making the tickets 2 slides to the right
-there no “press this button to answer yes to everything in 24 hours,”.
-I gotta search on markets then slide out to accounts press the etf three times to finally be able to sell and then go back 2x so I can go alter my ticket while the price changes.
Is this app intentionally making it so we trade slow? Does it love to get under our nerves?


r/Webull • • 4d ago

Discussion Bullish on Bull 🐂

12 Upvotes

Reported short interest rose from 36.17M to 41.60M shares while Finviz’s reported float dropped from 310.36M to 292.55M between September 15 and September 30.

That’s a pretty interesting combination, does anyone know what caused the float change? Trying to dig, we’ll have more info soon. LFG!


r/Webull • • 5d ago

Trailing Stop for Options on Desktop app

2 Upvotes

Is there no way to accomplish this on the Desktop app? I'm new to the system but banging my head on how to do this. I can do it for stocks, but the menu option disappears for options.


r/Webull • • 5d ago

Discussion Any Good Stock Broker Recommendation That Replace with Webull?

1 Upvotes

Any Good Stock Broker Recommendation That Replace with Webull? I have already signed up JPM Direct and Fidelity For a few years now. However, I would like to hear what's other options i have.


r/Webull • • 6d ago

Discussion Sofi is quick to jump in 😭

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36 Upvotes

r/Webull • • 7d ago

Webull Email about safety

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54 Upvotes

I’m sure others got the same email. But somehow it doesn’t really make me feel better. Is anyone considering transferring to another broker at this point?


r/Webull • • 7d ago

Just another political scam news so they can grab WeBull stock for cheap

26 Upvotes

r/Webull • • 6d ago

WeBull Canada Promo Code to get $50 CAD instantly

0 Upvotes

What you get: $50 Instantly(Up to $250)
Steps: WeBull Canada has a promotion where you can get $50 CAD(in trading Voucher) when you sign up using the Referral Code link below. Once you sign up, you need to deposit $500 as your initial deposit to receive $50. You will receive the $50 once your deposit has settled. Once you receive the $50 in your account, you can then withdraw ALL $550. No catch, no holding period. You can additionally fund your account $20,000 for an extra $200
Cost/catch: No catch. You receive the $50 within 3 business days. Once you receive the $50 in your account, you can withdraw it along with the principal $500
And you can get an additional $200 if you fund your account $20,000.

Who qualifies: Any Canadian with a valid ID

https://www.webull.ca/s/lBUcaAlokldBi76Ain


r/Webull • • 7d ago

Discussion Robinhood seems salty as Webull is slowly taking the market

54 Upvotes

Make Webull Great again


r/Webull • • 7d ago

Discussion Webull should start credit card and chequing account as well to grow their business

9 Upvotes

r/Webull • • 7d ago

Where is the Webull Response

9 Upvotes

It’s been 24 hours and the only response I have seen from Webull is a statement they made to CNBC. Where is their corp comms? Where are the leaders pointing out the inconsistency in the congressional findings?


r/Webull • • 8d ago

Cayman Island?

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17 Upvotes

Why would the company need to register in the Cayman Island?


r/Webull • • 8d ago

Discussion Why $BULL dropped 19% today

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43 Upvotes

r/Webull • • 9d ago

RIP Webull

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190 Upvotes