Webull unveils Webull Lite for novice traders
“We are launching Webull Lite in response to customer demand for an expanded selection of services tailored to meet the needs of a diverse range of retail investors. We look forward to reaching a broader audience of individuals with this new product and are excited for them to experience Webull.”
Webull has unveiled Webull Lite, a simplified way for users to trade through the commission-free trading platform.
According to the discount broker, users can access both Webull and Webull Lite all in one app, which means they will be able to seamlessly toggle back and forth between versions.
Webull Lite offers the same tools and educational materials as the traditional platform. The difference is that these are displayed in a simpler way, to make it more manageable for users who are new to trading.
“We look forward to reaching a broader audience”
Webull Lite’s goal is to optimize experience, and reduce complexity and decision-making costs in convenient new ways. The four main capabilities include investing, saving, goal planning, and the ability to personalize settings.
Anthony Denier, Group President and US CEO of Webull, said: “Webull has always been committed to creating a seamless trading experience for users of all levels. We are launching Webull Lite in response to customer demand for an expanded selection of services tailored to meet the needs of a diverse range of retail investors. We look forward to reaching a broader audience of individuals with this new product and are excited for them to experience Webull.”
Webull provides retail investors with 24/7 access to financial markets worldwide, including global stocks, ETFs, options, fractional shares, and futures. The broker operates in the United States, United Kingdom, Hong Kong, Singapore, Australia, South Africa, Japan, Mexico, Brazil, and Canada.
Webull Canada launched desktop platform
Last month, and after a few months of only offering a mobile trading app, Webull Canada decided to launch a desktop platform.
A desktop version allows users to have customizable multi-screens and rearrange widgets to more efficiently analyze trends and decipher market data, ultimately allowing for more informed trades. It will support Webull users at all levels, from beginners to the most experienced day traders.
Webull Canada officially launched its low-cost brokerage services in January of this year, allowing Canadian residents to trade both Canadian- and US-listed equities using the award-winning Webull app. Authorized since November 2023, has introduced order execution-only brokerage functions, offering features such as real-time quotes, comprehensive market data, 20+ charting widgets, 60+ indicators, paper trading, and educational tools.
In March, Webull Canada introduced a cash management solution for Canadian investors, offering 4% CDN interest or 3% USD interest on uninvested cash. The goal is to provide Canadian users with a means to earn passive income amid market volatility, at no extra charge.
Interest accrues monthly without the need for account minimums, lockups, or limitations. It is important to note that interest rates on settled net credit cash balances in Webull Securities (Canada) Limited accounts are subject to change without notice.
