Webull paper trading is free. Webull's paperTrade simulator uses virtual money, so you can practise buying and selling without depositing or risking real cash. The simulated account has a $0 cost, and Webull says you can reload or reset its virtual funds.
Webull Paper Trading at a Glance
| Feature | Webull paper trading |
|---|---|
| Cost | $0 |
| Money used | Virtual cash only |
| Real financial risk | None from simulated trades |
| Supported assets | Stocks, ETFs, options, crypto, futures and event contracts |
| Access | Webull mobile app, desktop app and WebTrade |
| Virtual funds | Reloadable and resettable |
| Withdrawals | Not possible because the balance is not real money |
Webull says paper trading is available for stocks, ETFs, options, crypto, futures and event contracts. You cannot withdraw the simulated balance because it is virtual money.
What Does Webull Paper Trading Include?
Webull paperTrade recreates parts of the live Webull trading experience. Depending on the product and platform, you can use:
- Market, limit, stop and stop-limit orders
- Trailing stops and conditional orders
- Options strategies
- Charts and technical indicators
- Simulated profit and loss tracking
- Practice portfolios
- Market-data-based simulated execution
- Futures and crypto practice trading
Webull says its newer paper-trading system supports the options strategies available for live trading. Its legacy system has more limited options functionality.
How Do You Access Webull Paper Trading?
You can access Webull paper trading through the mobile app, desktop app or WebTrade.
- Open Webull.
- Go to Paper Trading or paperTrade.
- Choose a layout or trading product.
- Place simulated trades with virtual funds.
On the mobile app, Webull directs users to Markets, then paperTrade. On desktop and WebTrade, paper trading appears in the platform navigation menu.
Is Webull Paper Trading Realistic?
Webull paper trading is useful for practising order entry and testing strategies, but it does not perfectly reproduce live trading.
Webull says paper-trading orders are processed using trading activity and the last traded price. An order might not fill if there is no trading volume after you place it.
Live results can differ because of:
- Liquidity
- Slippage
- Price movement
- Order queues
- Market conditions
PaperTrade also has no pattern day trader restrictions, according to Webull. A live brokerage account can have different rules, margin requirements and trading limits.
Does Free Paper Trading Mean Webull Live Trading Has No Costs?
No. The paper-trading simulator is free, but live trading can involve charges.
Webull advertises $0 commissions for many U.S.-listed stock, ETF and options trades. Its disclosures also state that some options, regulatory and transaction fees may apply. These charges affect live brokerage accounts, not the paper-trading simulator.
Is Webull Paper Trading Worth Using?
Webull paper trading can help you:
- Learn the Webull interface
- Practise different order types
- Test a stock, options or futures strategy
- Track simulated profit and loss
- Build a trading routine before using real money
The results have limits. Simulated trades do not expose you to financial loss, emotional pressure or every execution problem that can occur with live orders. A profitable paper account is not proof that the same strategy will make money in a real account.
Bottom Line
Use Webull paper trading to learn the platform, practise order entry and test a trading plan without risking cash. Treat the results as practice data, not as a forecast of live performance.