A Comprehensive Guide to Choosing a Stock Trading App

Investors demand robust, mobile-first platforms that offer seamless access to global markets without the friction of hidden fees. Every dollar spent on a commission or a platform fee is a dollar subtracted from potential compounded returns. Furthermore, as global markets become increasingly interconnected, the ability to trade across different time zones from a single unified account is essential. This guide explores the essential features, cost structures, and professional tools an investor should evaluate when selecting a stock trading application, focusing on how Webull addresses modern investment demands.

Seamless Access to Global Markets: The United States Market

A robust trading application must provide unfettered access to the world's most liquid markets. The US market represents the largest concentration of global market capitalization. To empower investors to tap on market opportunities anytime, Webull offers 24/5 US trading. This feature allows investors to trade selected US equities and Exchange Traded Funds (ETFs) around the clock, five days a week.

Furthermore, Webull supports Fractional Shares for the US market. Investors can allocate specific dollar amounts—as little as US$1—to purchase a fraction of a share, facilitating precise portfolio diversification.

Professional-Grade Market Data and Analytical Tools

Informed decision-making relies heavily on the quality of market data. Webull equips registered users with the following core capabilities:

• Free Level 2 US Market Data*: Level 2 Quotes is the premium data feed powered by NASDAQ TotalView. It provides the best 50 levels of bids and asks for all NASDAQ-, NYSE-, and regional-listed stocks on NASDAQ Market Center. It includes the prices and quantities of displayed quotes and orders, allowing investors to better determine the availability or demand for a stock at a certain price.

• OPRA Real-Time Options Quotes: Access real-time National Consolidated Options Last Sale and Quotation information. Ensure accurate Greeks and premium pricing for US options contracts. Upon initial activation of the Webull options trading service, you will receive 30 days of free OPRA quotes. To retain free access, simply complete at least one US stock options trade within every 30-day period.

Efficient Account Funding

Managing your capital efficiently is vital. Webull does not charge any deposit fees or withdrawal fees, though investors should note that their respective banks may impose transfer fees.

You can deposit funds into your Webull account via:

1. electronic Direct Debit Authorisation (eDDA)

2. Fast and Secure Transfers (FAST)

3. Telegraphic Transfer (TT)

4. Wise or Revolut with payment statements provided

You can withdraw funds to your individual bank account.

FAQ

Q: How do I execute pre-market and after-hours trades?

A: You can trade during extended hours on the Webull App by placing a limit order and selecting "Include Extended Hours" under Trading Hours. Pre-Market runs from 04:00 - 09:30 ET, and After-Hours runs from 16:00 - 20:00 ET.

Q: How to view the list of tradable Overnight Trading stocks?

A: Webull supports 24/5 Trading for selected US stocks and ETFs. You can view the list of tradable Overnight stocks through any of the following ways:

Markets Tab

1. Tap "Markets" at the bottom menu of the Webull App

2. Scroll down and tap "24H US Securities Trading"

3. US stocks listed on this page are eligible for Overnight Trading

Search Function

1. Search for a US stock

2. US stocks indicated with "24H" are eligible for Overnight Trading

Quotes Page

1. US stocks with an "Overnight Trading" icon on their quotes page are eligible for Overnight

Q: What is a Fractional Share?

A: A fractional share allows you to own less than one whole share of a company. This enables you to invest based on a specific dollar amount rather than the quantity of shares. Fractional trading is only available on the Webull Mobile App for US stocks/ETFs marked with a green diamond logo.

Q: What will happen to my Options contract on expiry?

A: The outcome depends on whether the option is In the Money (ITM), At the Money (ATM), or Out of the Money (OTM). For example, for ITM Long Calls, they are exercised if you have sufficient buying power, or auto-liquidated if you lack buying power or submitted a "Do Not Exercise" (DNE) request. OTM & ATM contracts generally expire worthless on the expiration date.

Learn more on the FAQ page: https://www.webull.com.sg/help/faq/1213-What-will-happen-to-my-Options-contract-on-expiry

Q: What is Open Profit & Loss (P&L)?

A: Open P&L refers to the unrealized profit or loss of an open position. For a Long Position, it is calculated as: (Last Done Price - Entry Price) x Quantity x Contract Multiplier. For a Short Position, it is calculated as: (Entry Price - Last Done Price) x Quantity x Contract Multiplier.

Learn more on the FAQ page: https://www.webull.com.sg/help/faq/1508-What-is-Open-Profit-Loss-P-L

Q: What is the difference between Physical and Cash Settlement?

A: Physical Settlement involves the actual delivery of the underlying commodity. Cash Settlement means no physical delivery occurs; instead, the difference between the entry price and the settlement price is credited to or debited from the account. Webull Policy: Physical delivery is not permitted at Webull, and policies are in place to ensure physical delivery is not incurred.

DISCLOSURES

Options trading involves significant risk and is not suitable for all investors as investors may be exposed to potentially rapid and substantial losses. The content provided above is for educational purposes only and does not constitute financial, investment, or professional advice. No information herein should be relied upon for making financial or investment decisions. For more information, please refer to our website at https://www.webull.com.sg.