Securities trading is offered to self-directed customers by Webull Financial LLC, a broker dealer registered with the Securities and Exchange Commission (SEC). Webull Financial LLC is a member of the Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC), The New York Stock Exchange (NYSE), NASDAQ and Cboe EDGX Exchange, Inc (CBOE EDGX).
Webull Financial, LLC is a CFTC registered Futures Commission Merchant and NFA Member. Futures and futures options trading involves substantial risk and is not suitable for all investors. Please read the Risk Disclosure Statement and other relevant Futures Disclosures located at www.webull.com/fcm-disclosures prior to trading futures products. Futures accounts are not protected by the Securities Investor Protection Corporation (SIPC).
Advisory accounts and services are provided by Webull Advisors LLC (also known as "Webull Advisors"). Webull Advisors is an Investment Advisor registered with and regulated by the SEC under the Investment Advisors Act of 1940. Registration does not imply a level of skill or training. See additional information on the Disclosures webpage. Trades in your Webull Advisors account are executed by Webull Financial LLC.
Webull Financial LLC is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 in any cash awaiting reinvestment). An explanatory brochure is available upon request or at www.sipc.org. Webull Financial LLC’s clearing firm Apex Clearing Corp has purchased an additional insurance policy. The coverage limits provide protection for securities and cash up to an aggregate of $150 million, subject to maximum limits of $37.5 million for any one customer’s securities and $900,000 for any one customer’s cash. Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities.
Options trading entails significant risk and is not appropriate for all investors. Option investors can rapidly lose the value of their investment in a short period of time and incur permanent loss by expiration date. Losses can potentially exceed the initial required deposit. You need to complete an options trading application and get approval on eligible accounts. Please read the Characteristics and Risks of Standardized Options before trading options.
All investments involve risk, and not all risks are suitable for every investor. The value of securities may fluctuate and as a result, clients may lose more than their original investment. The past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit or protect against loss in a down market. There is always the potential of losing money when you invest in securities or other financial products. Investors should consider their investment objectives and risks carefully before investing.
Diversification does not eliminate the risk of experiencing investment losses. Margin trading increases risk of loss and includes the possibility of a forced sale if account equity drops below required levels. Margin is not available in all account types. Margin trading privileges are subject to Webull Financial, LLC review and approval. Leverage carries a high level of risk and is not suitable for all investors. Greater leverage creates greater losses in the event of adverse market movements.
Investors should be aware that system response, execution price, speed, liquidity, market data, and account access times are affected by many factors, including market volatility, size and type of order, market conditions, system performance, and other factors. Market volatility, volume and system availability may delay account access and trade executions.
Free trading of stocks, ETFs, and options refers to $0 commissions for WebullFinancial LLC self-directed individual cash or margin brokerage accounts and IRAs that trade U.S. listed securities via mobile devices, desktopor website products. A $0.55 per contract fee applies for certain index options and a $0.10 per contract fee applies for oversized option orders.Relevant regulatory and exchange fees may apply. Please refer to our Fee Schedule for more details.
No content on the Webull Financial LLC website shall be considered as a recommendation or solicitation for the purchase or sale of securities, options, or other investment products. All information and data on the website is for reference only and no historical data shall be considered as the basis for judging future trends.
FAQs
It shows the prices and volumes that traders in the market are willing to buy and sell the security for. With Level 2, you can see up to 50 best bids and asks and an order book depth chart to show the accumulated volume depending on price level.
What are level 2 quotes on Webull? ›
Unlike Level 1 Quotes, which only displays one bid & ask, Level 2 Quotes can provide in-depth quotations of up to 50 bids & asks. Investors can get a fuller picture of the market and better insight in forecasting the potential direction of near-term moves as well as potential floors and ceilings.
What are level 2 options on Webull? ›
Level 1 option account investors can sell cash-secured puts to generate income in their portfolio. Level 2 supports options buying strategies – buying calls or buying puts. More multi-leg options strategies are available if you have a Level 3 margin account.
What is a Level 2 quote in the stock market? ›
Level II is essentially the order book for stocks that trade on the Nasdaq exchange. Orders are placed through many market makers and other market participants. Level II displays a ranked list of the best bid and ask prices from each of these participants. This gives you detailed insight into the price action.
How to get to level 2 on Webull? ›
Menu
- Menu.
- Below Shortcuts, select Market Quotes.
- Under Level 2 (Nasdaq TotalView), choose Subscribe.
- Follow the prompts to complete payment.
Level 2 is often viewed as a complex dashboard that shows the order flows in the market. It shows how buyers and sellers are placing their trades. Depending on the broker, level 2 data shows at least five of the best bid and ask prices. They also show the market maker who is offering the price.
Can you get level 2 data for free? ›
Level 2 (NYSE Arcabook) data is free for Moomoo Financial Inc. accounts with a minimum 30-day average account value of $100+.
What can I do with Level 2 options? ›
Level 2: Long Options
Level 2 trading lets you access long puts and calls. Puts are contracts that gain value when the underlying stock's price decreases, while calls gain value when a stock experiences bullishness.
What is options approval level 2? ›
Level 2 options trading offers a bit more leeway in terms of what investors can and cannot do with options. Specifically, Level 2 options approval permits investors to buy calls and puts on stocks that support options, as well as exchange-traded funds (ETFs).
What is the difference between Level 1 and 2 options? ›
The key difference between level 1 and level 2 is that traders are able to make directional bets with level 2. And since they can only buy and not write options, a trader's risk is limited to only the money used when buying the options.
Level 2 data is important for traders because it shows the full range of open orders for a stock, not just the current best bid and ask price. Using Level 2 data, you can identify potential trades before they become apparent on technical charts or get additional information about a trade you have planned.
What is the difference between Level 1 quotes and Level 2 quotes? ›
Level 1 quotes provide basic price data for a security including the best bid and ask price + size on each side. Level 2 quotes provide more information than Level 1 quotes by adding market depth. Level 2 shows market depth typically up to the 5-10 best bid and offer prices.
What does Level 2 investments mean? ›
Level 2 assets are financial assets and liabilities that are difficult to value and can be determined based on other data values or market prices, however, these assets don't have regular market pricing. Level 2 asset values are sometimes called "mark-to-model" assets.
What is a Level 2 quote on Webull? ›
Order book of Level 2 Quotes
It shows the prices and volumes that traders in the market are willing to buy and sell the security for. With Level 2, you can see up to 50 best bids and asks and an order book depth chart to show the accumulated volume depending on price level.
How much does Webull charge for level 2? ›
At Webull, the Level 2 cost is only $1.99 per month. If you trade at least one options contract monthly at Webull, you get free real-time options data (OPRA); otherwise it's $2.99 per month. Other brokers often provide this data for free.
How do you trade successfully on Webull? ›
The process doesn't take long, but it helps to have a few key items nearby as you complete the following steps.
- Step 1: Open a Webull account. ...
- Step 2: Log in to your Webull account. ...
- Step 3: Fund your account. ...
- Step 4: Research options. ...
- Step 5: Place an order.
Users can also see other real time information such as volume, last price, and best bid/ask size. This is sufficient for most investors. Level 2 data builds on Level 1 data by also displaying market depth. Market depth means the market's ability to trade large orders without impacting the price of a security.
What are Level 1 and 2 quotes? ›
While level 1 quotes display the basic factors like last price, bid, and ask, level 2 quotes give you a glimpse into the motivations of all trades that haven't yet occurred.
What do quotes mean in Webull? ›
What are Nasdaq level 1 and level 2 quotes? Level 1 Quotes: Provides the best bid & offer prices on NASDAQ. Level 2 Quotes: Offers the best 50 levels of bids and asks on NASDAQ, NYSE, and regional-listed stocks, including prices and quantities of displayed quotes.
What is the difference between Level 2 and TotalView? ›
With TotalView, you have access to all of the depth available for immediate execution in NASDAQ, which includes quotes and orders not visible in Level 2. TotalView displays more than 20 times the liquidity of Level 2 and three times the liquidity within five cents of the inside market.
