Supported Investments & Order Types

What investments can I trade on Webull?

At Webull, we provide a wide range of investment options to support your trading needs. You can trade U.S. exchange-listed stocks, select Over-the-Counter (OTC) stocks, Exchange-Traded Funds (ETFs), Initial Public Offerings (IPOs), stock options, index options, Money Market Funds (MMFs), bonds, and futures on our platform.

What order types are available at Webull?

The following order types are available for each asset class:

Market

A market order is executed immediately at the current market price. The fill price may differ from the price displayed at the time of order due to factors such as liquidity and bid/ask spreads. Market orders do not provide control over the execution price.

Limit

A limit order is activated at a price you specify and executes at that limit price or better. If the market price does not reach your limit, the order will not be filled. An example:

If Stock A is trading at $20 and you place a buy limit order at $18, the order will only execute if the market price drops to $18 or lower.

Stop

A Stop order converts to a market order once the stop price is reached. If the market price does not reach the stop price, the order will not be triggered. The execution price of a stop order is not guaranteed due to its market order nature. Due to market volatility, stop orders also may not execute fully or at all. An example:

If you place a buy stop order at $55 and the market price rises to $55, the order will convert to a market order and fill at the best available price near $55.

Stop-Limit

A stop-limit order activates at a stop price and executes at the specified limit price or better.

Example:

• If you set a buy stop-limit order with a stop price of $110 and a limit price of $120, the order will trigger at $110 but will only execute at a price no higher than $120.

Note: Stop-limit orders may not execute fully or at all in volatile or fast-moving markets.

Trailing Stop

A Trailing Stop order has a dynamic stop price that adjusts as the market price changes. The stop price trails the market price by a specified amount. Note, Trailing Stops are not available for GTC (Good 'Til Canceled) orders. An example:

If you set a trailing stop of $8 on a stock trading at $40, the stop price will adjust upwards as the stock price rises. If the stock rises to $48, the stop price will adjust to $40. If the price then falls below $40, the order will trigger.

Bracket (Take-Profit/Stop-Loss)

A Bracket order includes a main (parent) order along with sub-orders for take-profit and stop-loss. When the parent order is filled, the sub-orders are activated. On certain occasions, OCO orders can lead to simultaneous execution of both orders, potentially resulting in a short position. An example:

If you place a buy limit order at $60 and set take-profit at $70 and stop-loss at $50, the bracket orders will be triggered based on price movements after the parent order is executed.

Conditional Order

A conditional order triggers based on the movement of stocks, indexes, or options contracts. Conditional orders are only accessible through the Webull mobile app and work only during regular trading hours. An example:

If you set a condition for Stock ABC to exceed $4 and the S&P 500 is at or below a preset level, the main order will be placed.

What is Time-in-Force?

"Time in force" refers to the duration an order remains active before it is executed or expires. For stocks, available time in force options include:

Day

A day order automatically expires at market close (4 PM EST) if not filled. If extended hours trading is included, the order will be canceled at 8 PM EST.

Good ‘Til Canceled (GTC)

A GTC order remains active until it is either filled or canceled. Generally, GTC orders expire 60 calendar days after placement. They can be placed during both regular and extended hours and can be modified or canceled at any time. GTC orders are canceled in the event of a corporate action for the security.