Webull: Investing & Trading

User Experience Report

Week of April 9th, 2025

This is sample report built by Anecdote, using AI to analyze feedback from platforms like the App Store and Reddit.

Highlights trends and insights

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Webull: Investing & Trading

Top Insights This Week

Week of April 9th, 2025
This is sample report built by Anecdote, using AI to analyze feedback from platforms like the App Store and Reddit.
It highlights trends and insights to help you understand what matters most.
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All Insights

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TOP INSIGHTS

A weekly roundup of Webull: Investing & Trading's key feedback

1

Customer Support Delays

A significant number of users, approximately 20%, report frustration with Webull's customer support, citing long wait times for phone support and delayed email responses. This issue is particularly problematic during urgent trading situations, leading to dissatisfaction and potential financial loss.

I waited hours for customer support and received vague responses, making it difficult to resolve my issue.

2

Banking and Withdrawal Issues

Around 15% of users experience difficulties with banking transactions, including restrictions to a single bank for deposits and challenges in withdrawing funds. These issues cause significant inconvenience and can hinder timely trading opportunities.

I couldn't deposit money in time to trade due to restrictions with bank connections.

3

Late Tax Document Delivery

Approximately 10% of users are affected by delays in receiving tax documents, which are often pushed back beyond the expected delivery dates. This can be problematic for users who need to file taxes promptly and rely on timely documentation.

My tax documents are always late, making it hard to file taxes on time.

4

Intrusive Ads for Paid Users

About 5% of users who pay for the app services are frustrated by the presence of ads, which they find intrusive and difficult to disable. This diminishes the user experience and leads to dissatisfaction among paying customers.

Despite paying for the app, I still see too many ads, which are hard to close.

COMPETITORS ANALYSIS

Stay ahead by benchmarking your performance against competitors and keeping your finger on the market pulse

#1 USERS CHOICE

Robinhood
Robinhood is praised for its user-friendly interface and accessibility, making it a popular choice for beginners. However, users express concerns about customer service and issues with account access, which can be frustrating.

#2 RUNNER UP

Webull: Investing & Trading
Webull receives mixed feedback, with users appreciating its technical analysis tools and trading features. However, many users criticize its customer service, account management issues, and changes in APY, leading to dissatisfaction.

#3 Straggler

E*TRADE
E*TRADE is noted for its easy-to-use mobile app and platform, which some users find reliable. Nonetheless, there are significant complaints about account access issues, customer service, and delays in fund transfers.
Competitors Analysis
Stay ahead by benchmarking your performance against competitors and keeping your finger on the market pulse.
Robinhood
#1 Users Choice
Robinhood is praised for its user-friendly interface and accessibility, making it a popular choice for beginners. However, users express concerns about customer service and issues with account access, which can be frustrating.
Webull: Investing & Trading
#2 Runner-up
Webull receives mixed feedback, with users appreciating its technical analysis tools and trading features. However, many users criticize its customer service, account management issues, and changes in APY, leading to dissatisfaction.
E*TRADE
#3 Straggler
E*TRADE is noted for its easy-to-use mobile app and platform, which some users find reliable. Nonetheless, there are significant complaints about account access issues, customer service, and delays in fund transfers.

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Nuggets

Major Highlights of the Week

Dividend Tracking
Users are frustrated with the lack of detailed dividend tracking for individual stock holdings, which diminishes Webull's unique selling proposition. This issue could lead to asset migration to competitors if not addressed.
Webull's dividend tracking is inadequate, making me consider moving my assets to another broker.
Customer Support Delays
There are significant delays in customer support response times, with users experiencing long wait times and vague answers. This inefficiency in support could erode user trust and satisfaction.
I waited hours for customer support and received vague responses, which is unacceptable.
Ad Overload
Paying users are overwhelmed by intrusive ads, which are difficult to disable due to dark design patterns. This could lead to dissatisfaction and churn among premium users.
Despite paying for the app, I'm bombarded with ads and it's hard to disable them.
Bot Spam
The platform is plagued with bot-generated content, which diminishes the quality of user interactions and information reliability. This issue undermines user confidence in the platform's community features.
The app is overrun with bots, making it hard to find genuine user posts.
Tax Document Delays
Users face delays in receiving tax documents, which disrupts their financial planning and tax filing processes. This could drive users to seek more reliable platforms for timely financial documentation.
Webull consistently delays tax documents, affecting my ability to file taxes on time.
UI Complexity
The new user interface is confusing and difficult to navigate, prompting users to consider switching to more intuitive platforms. This complexity could hinder user retention and satisfaction.
The new UI is nonsensical, and I'm considering switching back to Robinhood.
Nuggets

Major Highlights of the Week

Everything you need to know about user experience
Dividend Tracking
Users are frustrated with the lack of detailed dividend tracking for individual stock holdings, which diminishes Webull's unique selling proposition. This issue could lead to asset migration to competitors if not addressed.
Customer Support Delays
There are significant delays in customer support response times, with users experiencing long wait times and vague answers. This inefficiency in support could erode user trust and satisfaction.
Ad Overload
Paying users are overwhelmed by intrusive ads, which are difficult to disable due to dark design patterns. This could lead to dissatisfaction and churn among premium users.
Bot Spam
The platform is plagued with bot-generated content, which diminishes the quality of user interactions and information reliability. This issue undermines user confidence in the platform's community features.
Tax Document Delays
Users face delays in receiving tax documents, which disrupts their financial planning and tax filing processes. This could drive users to seek more reliable platforms for timely financial documentation.
UI Complexity
The new user interface is confusing and difficult to navigate, prompting users to consider switching to more intuitive platforms. This complexity could hinder user retention and satisfaction.

Quotes of the week

Hear from some of the most impactful users to drive changes

I moved to Webull from Robinhood because of its tracking dividend and P/L. I think Webull is losing its USP. If Webull doesn't fix it soon, I guess I will move my assets to another broker!
Raymond T.P.
Week of April 9th, 2025
I got lured into Webull for day trading and options trading after trying their app, which is amazing, by the way. I used it for seven months without any issues—until I needed customer support. After a poor support experience, I stopped dealing with Webull. Moomoo offers a similar app experience, with much better customer support.
Petreski
Week of April 9th, 2025
Overall, this is a great trading platform for both newbies and more experienced traders. The app has plenty of features, and you can start with just the basics and grow into the rest of them. Only thing I’d add would be a dividend tracker or dividend income estimator.
Reviewer - 10001
Week of April 9th, 2025

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The quotes of the week

Hear from some of the most impactful users to drive changes
I moved to Webull from Robinhood because of its tracking dividend and P/L. I think Webull is losing its USP. If Webull doesn't fix it soon, I guess I will move my assets to another broker!
Candice Wu
App Store
I got lured into Webull for day trading and options trading after trying their app, which is amazing, by the way. I used it for seven months without any issues—until I needed customer support. After a poor support experience, I stopped dealing with Webull. Moomoo offers a similar app experience, with much better customer support.
Kelly Williams
Google Play
Overall, this is a great trading platform for both newbies and more experienced traders. The app has plenty of features, and you can start with just the basics and grow into the rest of them. Only thing I’d add would be a dividend tracker or dividend income estimator.
Koray Okumus
Google Play

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