How To Get Approved For Webull Options Trading Level 3

How to get approved for Webull options trading for Level 3. Last time I made a video on how to get approved for options trading on Webull and that was basically for level 2 options trading. The application process is the same for level 1, and 3 as well. It’s just a matter of answering a few basic questions that doesn’t get you flag for approval. And if you haven’t checked out my last video regarding level 2 options trading, feel free to do so as I do explain why it’s probably a good idea to select a certain answer over another. But anyway, today, I’m going to show you how to get approved for Webull options trading level 3.

How To Get Approved For Options Trading On Webull (Level 2)

Also, here’s a chart of what each level covers. Feel free to pause that if you want to take a look at it. Your cash account will mainly work for level 1 and 2 with a few exceptions, but if you have a margin account, it’ll work for all types of level, but besides level 4 and 5 because it hasn’t rolled out yet. You’ll notice that for level 3 you’ll be able to do credit and debit spreads, which all the beginners like to do because they see that you don’t need to put a lot of money into it and you have the potential to make a lot more. Which is true, but then again, it’s a risky game like with any other strategies. And you’ll need a margin account to do that.

If you haven’t got approved for margin or haven’t set up margin trading, feel free to also check out these videos they might be a little outdated but the idea is still there:

How To Get Approved For Webull Margin Option Trading

Cash Account vs Margin Account Explained for Webull App

But for reals tho, trading options and also using margin is super risky. And I cannot stress this enough. If you don’t have excess funds to trade, please don’t trade options especially trading on Margin. Because you’re basically playing with borrowed money. Please educate yourself first and find strategies that works well for you before doing so.

If you don’t get approved for level 3 for any reason, but you got approved for level 2. Season your account, make sure you have margin trading on. Give it a couple of months, do some more options trading with your level 2 account, just so you actually know what you’re doing. And reapply again.

If you applied for level 2 and you check off “good” for your general investment experience, and you put down you have 3-5 years of options investment experience. Go ahead and take it up a notch saying you have extensive experience and 5+ years of experience, but of course give the system some time when reapplying. Don’t just reapply in a month and say that you all of sudden became good.

If you consistently do it back to back, you’ll keep getting rejected back to back. Just for your information though. The answer you provide must be sound and logical of course.

Collect your free stocks here with Webull:

How To Open Up A Webull Account (Step-by-Step)

Investing With Webull For Beginners (Playlist):

►Webull Options Trading For Beginners (Playlist):

Legal Disclosure: I'm not a financial advisor nor a certified public accountant. These videos are for entertainment/educational purposes based off of my personal opinions. Investing in any type of investment involves risk and you need to do your own research or seek out a licensed professional if necessary. There is no guarantee that you'll gain or lose on investments.

[khuechuong]

Applied for lvl 3, but got level 2. But I don’t really want to do buy or sell, I want spread. If I do paper trading then apply in a month does it count?

[allamericandogmom]

Thank you for taking the time to explain this, I do have a follow up question for you: On Webull I have a cash account and margin account. Even with the margin account, I'd still need Level 3 approval before I can trade spreads? I applied today for level 3, we will see what happens...

[lawrence]

I was declined for level 3 based on better standings than what you show. Why I wonder. I also wonder why on Webull level 2 I can’t do vertical spreads, great for managing risk, but I can do straddles and strangles which are basically naked trades. What am I missing?

[SamsonBiggz]

How long did you stay at Level 2 before reapplying to Level 3?

[blblawhoo]

level 3 is buying calls and selling calls, buying puts and selling puts? correct? thanks so much

[BlooHunnidz]

I applied for level 2, it’s been pending for about 5 days, is that a normal waiting time?

[_kingdavid]

Can you get approved with being unemployed? Or do you have to be employed?

[jordancarter]

Does this have to do anything with money. They just said I wasn’t approved because of my experience

[ewlinitis]

I dont even see an option to pick lvl 3. Only lvl 2

[Eric-gnol]

It says I can’t get approved because I’m only 18 and it’s impossible for me to have that much experience at this age any thing I can do?

[jwa]

I'm about to cancel my webull account. They are forcing you to get margin accounts just to trade spreads. I'm selling all my stock and I will be removing webull from my phone by the end of this month. F&ck webull this is another example of why these companies ain't shit. I'm going to TOS.

[ObiePower]

I followed these instructions to the T and was disapproved the next day