We think it’s safe to say that once this Robinhood fiasco is over, investors everywhere will be looking for an alternative trading platform. The biggest threat to Robinhood has always been Webull. With so much shady business surrounding the former app, it’s no wonder why investors are beginning to learn how to trade options on Webull instead.
Zero commissions and an advanced analytical platform also play a huge role in enticing intermediate and millenial traders to learn the ways of the stock market… without a huge risk of going bankrupt.
And as far as we know, Webull hasn’t enforced limited/halted buying on uncertain stocks due to “a risk-management decision,” gotten a one star rating within 24 hours (that Google has already removed) or forced traders out of their positions without consent to the share price given to them… unlike Robinhood.
In today’s video, I’m going to take you step-by-step through navigating and learning how to trade options on Webull.
Webull is an investment app (both mobile and web-based) that gives users the ability to trade commission-free — just like Robinhood. Unlike Robinhood, Webull allows traders to perform a technical analysis on their charts.
The investment platform offers technical indicators, fibonacci retracements, the ability to draw trendlines and so much more.
At first glance, I’m seeing:
And while I’m already really impressed with how much I’m able to analyze my charts on the app, I’m not surprised: Webull started out as a research firm before it evolved into a brokerage firm, and that means that its research and analytics are outstanding and far more developed than other trading platforms.
And something Robinhood couldn’t even begin to compete against… and why you should learn how to trade options on Webull.
Webull is also good for beginning traders — I started my account with just $5,000 — and leveraging is available to all margin accounts.
But is trading options on Webull as simple and hassle-free as it has been advertised…?
Make sure to watch my video below to watch part two of my “Webull vs. Robinhood” discussion and learn how to trade options on Webull. As always, leave your thoughts in the comments section below and don’t forget to subscribe to my YouTube channel to stay up to date with all things options trading.
P.S. Check out Alpha Trades Head Strategist Adam Sarhan’s short video on the real reason why brokers like Robinhood, TD Ameritrade, Charles Schwab and others are restricting or outright banning new trades on GameStop, AMC, BlackBerry, American Airlines, Bed Bath & Beyond, Nokia and others.
Did you lose money or miss out on any big wins because of the restrictions? Are you considering changing brokers now? Share your thoughts on the ongoing short squeeze mania with us at email@example.com, and we could feature your story in an upcoming piece.