Quick Answer: Yes, you can trade futures on Webull. In March 2024, Webull announced it would begin offering futures trading capabilities as of July 2024. While it's a relatively new addition to the platform, it is available.
Why Trade Futures with Webull?
Webull is known for its comprehensive trading tools and user-friendly platform. The online brokerage is attractive to both casual investors and experienced traders. It delivers an impressive array of tools for active day trading. Now, it has added an impressive futures trading platform that gives investors tools to take their investing to the next level.
Webull's community is similar to an X (Twitter) feed, allowing you to see other users' comments on stock news, individual stocks, and price changes and post your own. There, you can also find day trading rules and other educational resources. However, the community isn't the strongest, so you'll have to check resources on other trading platforms, online forums, or even Benzinga's investing content to build your strategy.
While Webull does have some useful educational content, compared to competitors, it has room for improvement, leaving true beginners struggling. What Webull lacks in tutorials that you could find elsewhere, it makes up for in low pricing.
Webull offers commission-free stock, options, and ETF trades. If you’ve got intermediate or higher investment experience and want to develop your active trading skills, Webull offers excellent analytic tools for technical analysis.
Finally, Webull is a Commodity Futures Commission Merchant (CFCM), with a National Futures Association (NFA) membership. It provides monthly, daily, and annual disclosures and additional disclosures. For that reason, if you need a reliable platform to build and execute your futures trading strategies, Webull could be a good option.
What Futures Can You Trade on Webull?
Webull provides various types of futures contracts across asset classes, including indexes, interest rates, currencies, agriculture, metals, energies, and cryptocurrencies. Webull's futures trading features aren't only for stock brokers but can help casual to experienced investors. Features include:
- Flexible fund allocation
- Order types
- Analysis tools
- Screener
- Investment analysis tools
- Multiple analysis indicators
- Investment learning articles
To start trading futures on Webull, all you have to do is:
- Open an account
- Fill out an application form
- Fund your account
- Make your first investment
Here are Webull's current futures to search for the best futures contracts:
Eligibility for Futures Trading on Webull
Futures trading on Webull requires a separate “futures account” application within the platform. Potential eligibility requirements for opening a futures account include experience level and risk tolerance.
Once you apply for futures trading on Webull, you should get approval within minutes to a week. If you're already a Webull user, you can also request approval for futures trading within the app.
You will need a fraction of the contract’s total value to open a futures position. The initial margin requirement is the amount of money you must deposit with your broker to open a futures position, usually 3%-12% of the futures contract. For example, if the futures contract is for $100, you might need $3 to $12 deposited to open the contract.
You'll also need to maintain an account minimum, called the maintenance margin. The maintenance margin is less than the initial margin requirement but varies based on the positions held in the account.
How to Start and Open a Futures Account on Webull
The steps to apply for a futures account on Webull are simple:
- Open a new Webull futures account here. If you're already a Webull user, you can apply for a futures account in your app settings. The application should only take a few minutes to fill out.
- Once approved, you can learn how to trade futures and start trading.
You can also learn more about how futures contracts work to start building your own trading strategy, including the possibility of algorithmic trading. You can find Benzinga's full Webull review for more trading opportunities and analysis possibilities.
Frequently Asked Questions
Where can I trade futures?
You can trade futures on Webull and many other trading platforms.
Can you trade Webull futures on TradingView?
Yes, you can connect Webull to TradingView by connecting their Webull brokerage account to their TradingView profile. This allows users to trade directly from TradingView without switching platforms.
Can I trade futures with $100?
Yes, you can trade futures with $100. In fact, starting with a small amount can be a smart strategy to reduce risk.
About Alison Plaut
Alison Kimberly is a freelance content writer with a Sustainable MBA, uniquely qualified to help individuals and businesses achieve the triple bottom line of environmental, social, and financial profitability. She has been writing for various non-profit organizations for 15+ years. When not writing, you will find her promoting education and meditation in the developing world, or hiking and enjoying nature.