Webull

Webull is a commission-free brokerage supporting stocks and options trading.

Supported Equity Types

• ✅ Stocks
• ✅ Options (single legs and spreads)
• ❌ Futures
• ❌ Cryptocurrency

Account Types

• Paper Trading - Simulated trading environment
• Live Trading - Real money trading

Connecting Webull

1. Navigate to Integrations tab
2. Click Add Integration
3. Select Webull
4. Choose Paper or Live
5. Complete OAuth authorization
6. Your Webull account will appear in integrations

Features

Commission-Free Trading

• $0 commissions on stocks and ETFs
• $0 commissions on options (per contract fees may apply)
• No account minimums

Options Trading

• Single leg options
• Multi-leg spreads
• Standard spread types supported

Order Types

• Market orders
• Limit orders
• Extended hours trading

Margin Requirements

Webull uses standard Reg T margin:

• Long Stock - 100% of purchase price
• Short Stock - 150% of stock value (margin account required)
• Long Options - Premium paid
• Spreads - Max loss

Limitations

• No futures or crypto support
• No fractional shares
• Options in whole contracts only
• Margin account required for short selling

Troubleshooting

"Account not approved for options"

Enable options trading in your Webull account settings and complete the options agreement.

"Pattern Day Trader restriction"

If you have less than $25,000 and make 4+ day trades in 5 days, PDT restrictions apply. Nyria respects these restrictions.

"Insufficient buying power"

Check your available cash. For spreads, ensure you have margin for max loss.

Next Steps

• Create a Strategy
• Understanding Options