Trading has changed a lot over the years. People once had to call brokers or rely on newspapers to follow the market.
Now, anyone can learn and practice trading online with easy-to-use tools.
This change has made it simpler for beginners to understand how investing works before using real money.
Many apps now offer ways to practice and build skills, and Webull is one of them.
It gives users a chance to learn in a safe, realistic setting. With these tools, trading is no longer just for experts; it’s something anyone can try and get better at over time.
What is Webull Paper Trading and Why Use It?
Webull paper trading is a free tool that allows you to practice trading without using real money.
It works just like real investing, but you trade with virtual funds. You can buy and sell stocks, track market movements, and see how your strategies perform in real time.
This helps you learn how the market works and understand how different choices affect your results.
Because there’s no real risk, it’s a safe way to practice and build skills before investing real cash.
Paper trading is perfect for beginners who want to test ideas, manage risk, and gain experience.
Over time, it helps you build confidence and develop smart habits that can prepare you for real-world trading.
Steps to Create a Webull Paper Trading Account
Getting started with Webull paper trading is simple and beginner-friendly. You can use it on your phone, tablet, or computer to practice trading safely with virtual funds. Follow these easy steps to begin learning how the market works.
1. Visit Webull
Go to the official Webull website or download the Webull app on your preferred device.
It works on computers, phones, and tablets, allowing you to practice trading anywhere. Once installed, open the app or site to access the login page.
Make sure you are visiting the correct official site or app to keep your information safe and ensure that you are using the real Webull platform.
2. Sign Up
Click “Open an Account” and fill in your personal details, such as your name, phone number, and email address.
Webull will send a verification code to confirm your identity. Once verified, you’ll create a secure password and finish registration.
Signing up gives you full access to Webull’s tools, including paper trading, charts, and watchlists, to help you learn about the market without using real funds.
3. Open Paper Trading
After logging in, locate the paper trading feature on your dashboard.
On the desktop, click the dollar sign ($) icon in the side menu. On mobile, open the Menu, tap “More,” and select “Paper Trading.”
This section lets you trade using virtual funds while following real market prices. It’s a safe way to practice making trades and understand how investments perform in real time.
4. Set Virtual Balance
Webull automatically gives you $1 million in virtual funds to start paper trading. This balance can be adjusted to match your comfort level or learning goals.
Lowering the amount can make the experience more realistic, while increasing it allows you to test larger strategies.
The adjustable balance helps you experiment with different investment styles, track outcomes, and better prepare for real-world trading situations.
5. Study the Dashboard
The Webull paper trading dashboard includes helpful tools for tracking your practice trades.
You’ll find your watchlist, stock charts, account summary, and open positions all in one place. Spend time learning what each feature does so you can understand how your trades affect your portfolio.
Studying and researching these sections builds your confidence and helps you get comfortable navigating Webull’s layout before moving to live trading.
6. Start Placing Trades
Use the search bar to find a stock or ETF you want to trade. Click on it, then choose “Paper Trade.”
Select the number of shares and whether you want to buy or sell. Confirm the trade to complete your order.
Once placed, you can see how your position performs as prices move. Practicing with different types of orders helps you understand how market actions affect results.
7. Analyze Your Trades
Review your portfolio and trading history after each trade to understand what worked and what didn’t. Look at price changes, timing, and your decision-making process.
This helps you identify patterns and refine your approach for future trades.
Tracking your results over time builds awareness and discipline, turning paper trading into a valuable learning experience that strengthens your overall investing strategy and decision-making skills.
What You Need to Open a Webull Brokerage Account
To open a Webull brokerage account, you’ll need a few basic items and details.
First, have a valid email address or phone number ready to register your account. You’ll also need a government-issued ID, such as a driver’s license or passport, to verify your identity.
For address verification, Webull may ask for a recent utility bill or bank statement.
U.S. users will need to provide their Social Security number for tax and security purposes. The approval process usually takes only a short time.
Once your account is confirmed, you’ll have full access to all Webull features.
You can easily switch between your real and paper trading accounts from the same dashboard, allowing you to practice trading safely while preparing to invest real money.
Tips for Effective Paper Trading
- Treat Virtual Funds Seriously: Act as if the money is real to build smart habits and avoid careless trades.
- Make a Clear Trading Plan: Set goals, entry points, and exit rules before you trade, and follow them closely.
- Use Risk Controls: Practice using stop-loss and limit orders to manage potential losses and protect your balance.
- Track Every Trade: Keep a simple trading journal to record your choices, results, and what you learn from each trade.
- Review and Adjust Regularly: Study your past performance to see patterns and refine your strategy over time.
- Stay Patient and Avoid Overtrading: Don’t rush or trade too often; focus on learning and improving steadily.
The Future of Webull Paper Trading
Webull currently serves more than 24 million registered users globally and operates across more than 14 markets.
In 2025, the company reported strong trading activity with approximately $161 billion in equity notional volume and 127 million options contracts traded in Q2 alone, showing significant growth year-over-year.
Webull’s financial momentum continues, with Q2 2025 revenue rising 46% year-over-year to $131.5 million.
As Webull grows, its paper trading tool may evolve too. We might see more realistic simulations tied to these huge volumes, deeper analytics, and greater integration with live market tools.
With their market presence and expanding user base, Webull has the resources to make paper trading more powerful and educational for beginners and experienced traders alike.
Conclusion
Webull paper trading offers more than just practice; it’s a powerful learning experience that helps you understand market behavior and test real strategies in a no-risk setting.
Over time, you can track progress, recognize trends, and gain discipline that translates to smarter investing.
As Webull continues adding advanced tools and insights, users can expect an even more realistic trading environment.
Whether you’re new to investing or sharpening your skills, paper trading is the perfect place to start.
Open Webull, try a few trades, and watch your confidence grow with every decision you make.