The world of online trading platforms has exploded in recent years, making it easier than ever for individuals to dive into the stock market. Among the prominent players, Webull has carved out a significant niche. But exactly how many people use Webull? And what does that mean for you as a potential or current user? Let's break it down!
How Many People Use Webull? Unveiling the User Base
Step 1: Let's Get Curious! Have YOU Ever Wondered About Webull's Reach?
Tip: Reading in short bursts can keep focus high.
Have you ever found yourself scrolling through financial news, seeing mentions of various trading apps, and then pausing to ponder just how many people are actually using them? Perhaps you're considering Webull yourself, or maybe you're already a user and are simply curious about the community you're a part of. Understanding a platform's user base can offer insights into its popularity, liquidity, and even its overall stability. So, let's satisfy that curiosity and delve into Webull's impressive numbers!
Step 2: The Global Snapshot: Millions Strong and Growing
Webull has shown remarkable growth since its inception, rapidly expanding its footprint across the globe.
QuickTip: Look for contrasts — they reveal insights.
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A Worldwide Presence: As of February 2024, Webull stated it has approximately 20 million users worldwide. This number reflects their global reach, spanning North America, Asia-Pacific, Europe, and Latin America. This international diversification is a key characteristic that sets Webull apart from some of its competitors.
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Registered vs. Funded Accounts: It's important to distinguish between "registered users" and "funded accounts." While Webull served over 23.3 million registered users at the end of 2024, it had 4.7 million funded accounts with $13.6 billion in customer assets. This means a significant portion of registered users are still exploring the platform or haven't yet committed capital.
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Continued Growth in Q1 2025: Webull continued its user base expansion into Q1 2025, with registered users increasing 17% year-over-year to 24.1 million. Funded accounts also saw a healthy growth of 10% to 4.72 million. This indicates consistent positive momentum.
Step 3: Diving Deeper into Webull's User Growth Trajectory
Webull isn't just about big numbers; it's about sustained growth and strategic expansion.
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Year-over-Year Increases: In 2024, Webull's registered user base grew by 18%, its funded accounts increased by 9%, and its total assets under custody (AUC) saw a significant jump of 66%. These figures underscore the platform's ability to attract and retain users, as well as grow their invested capital.
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Asia-Pacific Dominance: Webull has particularly strong growth in the Asia-Pacific (APAC) region. As of July 31, 2024, Webull's assets under management (AUM) in APAC had grown by 100% year-over-year. This strategic focus on international markets is clearly paying off.
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High Retention Rates: A crucial metric for any platform is user retention. Webull boasted consistently high quarterly retention rates of above 97% throughout 2024, indicating that once users join, they tend to stick around.
Step 4: Webull vs. The Competition: Where Does It Stand?
Tip: The details are worth a second look.
When discussing trading platforms, it's natural to compare them. One of Webull's most frequently cited competitors is Robinhood.
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A "Distant Underdog" in Funded Accounts (Globally): While Webull has a substantial global registered user base, when looking at funded customers at the end of 2024, Robinhood had 25.2 million funded customers with $193 billion in assets under custody. This positions Webull as a "distant underdog" in terms of funded accounts and assets under custody, especially in comparison to Robinhood's larger, more established U.S. presence.
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Targeting Different Investor Profiles: Webull's CEO, Anthony Denier, has stated that Webull's user base tends to attract more advanced and experienced investors compared to platforms like Robinhood. This suggests a potentially different demographic, seeking more sophisticated tools and features.
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Feature-Rich Platform: Webull differentiates itself by offering a robust suite of tools, including advanced charting, Level 2 market data, and a wider range of tradable assets like futures, which may appeal to more active traders.
Step 5: What Does This Mean for You? The Impact of User Numbers
The size and growth of Webull's user base have several implications:
Tip: Read aloud to improve understanding.
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Liquidity: A larger user base often translates to higher trading volume and better liquidity in the market. This means it can be easier and quicker to buy and sell securities at desired prices.
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Community and Support: A vibrant user community can offer valuable insights, discussions, and shared experiences. While not directly tied to the number of users, a large and active user base often supports a stronger community aspect.
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Platform Development: A growing user base provides Webull with more resources and incentive to continually improve its platform, add new features, and expand its offerings. This can lead to a richer and more comprehensive trading experience for users.
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Stability and Longevity: While not a guarantee, a healthy and expanding user base generally indicates a more stable and financially sound company, which is reassuring for users entrusting their investments to the platform.
In conclusion, Webull has firmly established itself as a major player in the online brokerage space, boasting a significant and continuously expanding global user base. While it may trail some competitors in terms of funded accounts, its rapid growth, international diversification, and focus on advanced tools suggest a strong trajectory in the years to come.
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| How Many People Use Webull |
10 Related FAQ Questions
Here are 10 frequently asked questions, all starting with "How to," along with their quick answers, to further enhance your understanding of Webull and its ecosystem:
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How to open a Webull account?
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To open a Webull account, you typically need to download the Webull app or visit their website, provide personal information (name, address, social security number), and link a bank account for funding. The process is generally straightforward and can often be completed within minutes.
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How to fund my Webull account?
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You can fund your Webull account via ACH transfer from your bank, wire transfer, or by transferring an existing brokerage account to Webull. ACH transfers are usually free, while wire transfers may incur fees.
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How to trade stocks on Webull?
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Once your account is funded, you can search for stocks using their ticker symbol in the app or on the web platform. Then, select "Trade," choose your order type (market, limit, stop-limit, etc.), enter the quantity, and confirm your order.
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How to access advanced charts and tools on Webull?
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Webull is known for its advanced charting and analytical tools. These are generally accessible directly within the stock's detail page on the app or desktop platform. Look for options to customize indicators, drawing tools, and view real-time market data.
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How to use Webull's paper trading feature?
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Webull offers a paper trading account that allows you to practice trading with virtual money without risking real capital. You can usually activate this feature within your account settings or by selecting the "Paper Trading" option in the app.
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How to contact Webull customer support?
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Webull provides customer support primarily through its in-app help center, email (support@webull.com), and phone during business hours. The in-app chat feature is often available 24/7 for general inquiries.
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How to transfer an existing brokerage account to Webull?
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Webull supports Automated Customer Account Transfer Service (ACATS) for transferring accounts from other brokerages. You'll typically initiate this process from within your Webull account by providing details of your existing brokerage and the assets you wish to transfer.
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How to enable options trading on Webull?
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To trade options on Webull, you usually need to apply for options trading privileges within your account. This involves answering questions about your trading experience and financial situation to ensure you meet regulatory requirements.
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How to get free stocks on Webull?
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Webull frequently offers promotions for new users, such as free stocks for opening and funding an account. These promotions change, so it's best to check their official website or the app's promotions section for current offers.
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How to set up price alerts on Webull?
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You can set up price alerts for specific stocks on Webull directly from the stock's detail page. Look for an "Alerts" or "Notifications" icon, where you can customize criteria like price targets, percentage changes, or news events.
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