Webull Review
Webull is a financial technology company and an online Trading Broker platform that provides commission-free trading services for stocks, ETFs, options, foreign exchange, OTC, ADRs, shares, and cryptocurrencies.
The company was founded in 2017 and is based in the United States. Per our research, Webull maintains compliance with the regulations set by U.S. Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA). Additionally, the broker has expanded its operations and established subsidiaries in different countries, so also operates under the oversight of ASIC in Australia, SFC in Hong Kong, and MAS in Singapore. Being fully regulated in top-tier financial destinations it operates.
Overall, the firm provides a suite of advanced trading tools, including real-time market data, technical indicators, and customizable screeners, along with quite powerful trading conditions and offering overall, empowering users with the resources to conduct thorough market analysis and make informed trading decisions.
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I’ve had the unfortunate experience of dealing with this forex broker, and it’s been a masterclass in frustration and disappointment. From the get-go, their ‘account managers’ bombard you with high-pressure sales tactics to deposit more and more funds. Once you’re in, they turn a blind eye to your concerns and start manipulating your trades. It’s as if they have a crystal ball predicting your every move, but only so they can counter it and ensure you lose. And if you think you can salvage any semblance of dignity by withdrawing your remaining funds, think again. Their withdrawal process is intentionally convoluted, filled with red tape, and conveniently delayed. This broker’s entire operation is a cesspool of greed and exploitation, and I regret ever getting involved.
I can’t even begin to express the level of anger and disappointment I have towards this forex broker. Their operations reek of deceit and manipulation. It’s like they have a secret playbook to ensure that your trades result in losses. Their spreads magically widen at the most inconvenient times, and their slippage is always against you. But that’s not the worst part. The worst part is their withdrawal process, which is intentionally labyrinthine and designed to discourage you from getting your money back. It’s as if they take pleasure in seeing their clients suffer. If you have any ounce of self-preservation, steer clear of this broker. They’ll rob you blind and laugh in your face while doing it.