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Feb 28, 2024 · Webull is planning to go public through merging with a special purpose acquisition company in a deal that values the digital investing platform at $7.3 billion. The New York-based online brokerage ...
What Happened: The digital investment company will merge with publicly listed SPAC SK Growth Opportunities Corporation (NASDAQ: SKGR). The deal values the digital investment platform company at an enterprise value of $7.3 billion. If the merger is approved, the new company will list as Webull Corporation with an unannounced new ticker symbol.
- Usability
- Trade Experience
- Range of Offerings
- Order Types
- Costs
- Account and Research Amenities
- Portfolio Analysis
- Education
- Customer Service
- Security
Comparing the usability of Webull and Interactive Brokers is similar to the contest between a Honda and a Mercedes. While both platforms offer good usability, their clients are of distinct camps. Newer investors and those seeking a streamlined desktop workstation and a well-designed mobile app for stock, ETFs, and options will find what they need a...
Desktop Experience
IBKR has two comprehensive trading platforms, the desktop client portal and the downloadable Trader Workstation (TWS), as well as the new IBKR Desktop for a more streamlined experience. The client portal and IBKR Desktop are suitable for all but the most sophisticated investors. You can check your account; place trades; view quotes, news, and research; and access advanced charting. Both have more customization features than many other competing brokers's full desktop platforms. The powerhouse...
Desktop Trade Experience Verdict: Interactive Brokers
Webull can work for beginners and even intermediate traders, but IBKR, the winner of our best charting platform for day tradersand best online broker for advanced traders, offers an unmatched array of tools for sophisticated investors.
Mobile Experience
Interactive Brokers offers several mobile apps: IBKR Mobile, GlobalTrader, and Impact. The IBKR Mobile app is nearly identical to the computer-based platforms, although advanced users will find the broadest functionality on the Trader Workstation. In a recent revamp, BKR added more dashboards and bundled some of the more popular tools to make navigation easier. The Impact app enables ESG investors to screen for companies that meet specific criteria. Global traders in the U.S. and abroad can a...
Hands down, IBKR is the winner, with access to all the important asset classes and more markets than most investors can reasonably trade. Beyond the basic stocks, ETFs, and options, you’ll find bonds, futures, forex, cryptocurrency, mutual funds, warrants, hedge funds, spot gold, events contracts, and scores of managed portfolios at IBKR. Webull us...
In keeping with Webull’s scope, users can trade the typical order types, including market, limit, stop, stop limit, and trailing stops. Conditional orders like one-cancel-the-other and one-triggers-the-other are also available. Here again, Webull is not weak, but it is simply outmatched. At IBKR, users can access more than 100 order types and algos...
The cost comparison between Interactive Brokers and Webull is again complicated by the difference in the size of each trading platform’s offering. IBKR’s pricing is complex, especially for Pro account holders. There are three types of equity commissions for Pro traders: fixed per-share of $0.005 with a $1.00 minimum and 1% of trade maximum.Tiered p...
In the research category, we’re again confronted with the distinction between Interactive Brokers and Webull’s scope. IBKR’s research offerings are vast and include robust screeners and trading idea generators for stocks, ETFs, mutual funds, options, and fixed-income products. The tools include options, margin, order quantity, interest, and financi...
The high-level IBKR portfolio analysis tool serves beginners to institutional investors. The free portfolio analysis tool, which is available to the public, has continued to see major upgrades. IBKR account holders can access advanced features and real-time updates. After linking your financial accounts, you’ll receive in-depth analysis of your ent...
Those seeking both a basic and an in-depth investment education will be fulfilled at IBKR. Its vast education resources are available to customers and the public. These range from short videos to multi-language tutorials, daily webinars, and events. IBKR reworked its education offerings in 2023, bringing its well-established Traders Academy into IB...
IBKR is improving its customer service. For ready assistance, the artificial intelligence IBot is available from most screens. IBKR also provides phone support 24 hours a day and has a callback service. Live agent online chat is also accessible from within the trading platform or website.Additionally, the FAQ section is well-organized. Webull offer...
Security protocols and asset protection at IBKR go above and beyond basic industry standards. Beyond the standard $500,000 Securities Investor Protection Corporation (SIPC) coverage, excess SIPC coverage at IBKR provides up to an additional $30 million with a cash sub-limit of $900,000, subject to an aggregate limit of $150 million.Webull also offe...
Jan 2, 2024 · Webull Launches in Canada. CNW Group. January 2, 2024 · 3 min read. Award-winning app expands into new market, allowing Canadians to trade Canadian- and US-listed equities at a low cost. TORONTO, Jan. 2, 2024 /CNW/ -- Webull Corporation, the owner of the popular Webull trading platform, today announced the launch of brokerage services in Canada.
- CNW Group
2 days ago · Futures: Futures trading was rolled out in April 2024, and Webull’s pricing is very competitive. E-Mini contracts are only $0.70 and Micros are $0.25. Cryptocurrency futures are $1.50. The initial minimum deposit is $1,000, but Webull seems to be taking a conservative approach to margin.
- 2 min
- Webull
Feb 28, 2024 · (Reuters) -Online trading platform Webull said on Wednesday it has agreed to list its shares on the Nasdaq via a merger with a blank-check firm, which values the combined company at $7.3 billion. The deal with SK Growth Opportunities marks a rare multi-billion dollar merger in the blank-check market, which has been under pressure due to concerns from regulators and investors. Special purpose ...
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Jan 4, 2024 · Best Online Brokers 2024. Choosing the right online broker is one of the most challenging decisions you’ll make as an investor. We spent six months testing 21 of the leading online brokers to ...
