I called support and they said they were having issues and they suggested I switch to margin, lol. You can update your options trading application every 30 days. report. In addition, there are some regulatory fees you’ll want to be aware of. Have y’all have had problems with robinhood being “deactivated” during the transfer? Just curious as I am switching over from Robin Hood. Thank you to anyone willing to take the time! 14. I just moved cash into my account and got approved for level 1 options trading, but you apparently can't even do covered calls without switching to margin. Here is where these two platforms stand apart. Free trading of stocks, ETFs and options refers to $0 commissions for Webull Financial LLC self-directed individual cash or margin brokerage accounts and IRAs that trade U.S. listed securities via mobile devices or Web. If your application only grants you trading permission for Level 1, you can reapply for Level 2. Just got an email back from WeBull. New comments cannot be posted and votes cannot be cast. Options. share. There are also SIPC (Securities Investor Protection Corporation) protections in place for investors which top out at $500,000 and include a $250,000 cash limit. System response and account access time may vary due to a variety of factors, including trading volumes, market conditions, system performance and other factors.Risk Disclosure: Trading of stocks and all other investment products involves substantial risk of loss and is not suitable for every investor. Please refer to our Fee Schedule for more details.Check the background of Webull Financial LLC on FINRA's BrokerCheck. For instance, our Robinhood review noted the lack of research available through the app. This should help ease any concerns of those looking to signup for an account. Webull offers 0% commission trades and no minimum deposits. I signed up for options about a week ago and this is a portion of the email I received. I hope I still have money left to try it out. I'm thinking maybe once the funds have settled in a couple days I can reapply and they'll approve it. Options trading is available from 9:30 a.m. – 4:00 p.m. However, if you think your investment profile does not accurately reflect your options trading experience and risk tolerance, you can choose to reapply. What do I need to know about Options Trading? share. Looks like you're using new Reddit on an old browser. I would like to trade options but I'm still getting my portfolio up to par. Press question mark to learn the rest of the keyboard shortcuts. Options trading privileges subject to Webull Financial LLC review and approval. Generally, there is no way to upgrade your trading level. “Webull does not charge commissions for trading stocks, ETFs and options listed on U.S. exchanges. Just got an email back from WeBull. Press J to jump to the feed. Options trading privileges subject to Webull Financial LLC review and approval. Your trading level will be reviewed and approved according to the updated risk assessment result in one business day. Therefore, if you’re less hands-on, Webull is probably not for you. Please read Characteristics and Risks of Standardized Options before investing in options. The coverage limits provide protection for securities and cash up to an aggregate of $150 million, subject to maximum limits of $37.5 million for any one customer’s securities and $900,000 for any one customer’s cash. It seems like that's the thing most people wish they added. hide. New comments cannot be posted and votes cannot be cast. Current Option Strategies at Webull The first level of options trading at Webull is long puts and long calls. Free trading of stocks, ETFs and options refers to $0 commissions for Webull Financial LLC self-directed individual cash or margin brokerage accounts and IRAs that trade U.S. listed securities via mobile devices or Web. Sweet. I have a margin account but haven’t met the 2k minimum so it’s just treated like a cash’s count, I applied and was approved for level 2. Should I just contact them? I primarily use the mobile app and find it to be very streamlined, well organized and easy to use. Your trading level will be reviewed and approved according to the updated risk assessment result in one business day. What can I do if my option contract is going to expire? The value of stocks may fluctuate and as a result, clients may lose more than their original investment.Options involve risks and are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses. Steps to update your options trading level: 1) Tap the Webull icon (bottom center). What are the options trading fees on Webull? You can update your options trading application every 30 days. No content on the Webull Financial LLC website shall be considered a recommendation or solicitation for the purchase or sale of securities, options or other investment products. As with any product or service, individual investors should determine if Webull is a good fit for them. What are the option trading levels and their terms and conditions? 2) Tap "More" (middle right). Currently, Webull is working to expand into Level 3 Options Trading to bring more complex order types to its 11 million users worldwide. WeBull Options. Please read Characteristics and Risks of Standardized Options before investing in options. A friend of mine put it this way…”If Webull had fractional shares, there would be no reason to use any other trading platform.” Was hoping to see it by now. Selling cash-secured puts and covered calls is available at the second level, although a margin account is required. I just moved cash into my account and got approved for level 1 options trading, but you apparently can't even do covered calls without switching to margin. Webull subreddit, a commission-free, stock trading app. As with any brokerage platform, you’ll need to setup an account. I like the interface a lot better than Robinhood and the premarket and after-hours trading is the full time, man, now my Webull account is gonna be destroyed just like my RH account. The platform supports both Level 1 and Level 2 options trading, with Level 3 poised launch in the future. © 2020 Webull Financial LLC, All rights reserved. ET every trading day, until the option is set to expire. Options trading in Webull is void of fees as well. Enjoy Investing.” The amount of research provided by Webull also lends itself well to new investors. Current Option Strategies at Webull The first level of options trading at Webull is long puts and long calls. In conclusion, I definitely recommend giving Webull a try. Webull offers access to a bit of that flexibility right out of the gate with level 1. Apex Crypto is not a registered broker-dealer or FINRA member and your cryptocurrency holdings are not FDIC or SIPC insured. Please ensure that you fully understand the risks involved before trading.No content on the Webull Financial LLC website shall be considered a recommendation or solicitation for the purchase or sale of securities, options or other investment products. What do I do if the underlying stock of my options contract is suspended. What will happen to my options position if there is a split or reverse split towards the underlying stock? How much do I have to have and are there any other requirements? Options trading privileges subject to Webull Financial LLC review and approval. The problem I am having is that in the paper trading platform everything is dumbed down and simplified; I don't see an option to set your stop loss or take profit. WeBull Options. What is single option or single-leg option? Above all, Webull is a fantastic app. Apex Crypto is not a registered broker-dealer or FINRA member and your cryptocurrency holdings are not FDIC or SIPC insured.