Webull, an online investment platform, has announced the launch of Webull Premium, a new subscription-based membership. This offering combines a range of features, including competitive margin rates, deposit promotions, and reduced trading fees, into a single, upgraded experience for users.

This move follows Webull’s recent partnership with Kalshi, a CFTC-regulated prediction market exchange. Through this partnership, Webull expands its services to include binary event contracts, a response to growing demand for alternative trading options. This development comes amid regulatory scrutiny surrounding Robinhood, which also offers similar products.

Webull Premium Includes Margin Rates and Data

"Bringing Webull Premium to market is the next iteration of Webull's high caliber offerings, providing a new benchmark for retail investors," said Anthony Denier, Group President and US CEO of Webull.

Webull Premium includes benefits such as industry-leading margin rates, competitive cash management rates, IRA transfer matching, preferred pricing on derivatives, and advanced market data, including Nasdaq Level 2 and OPRA data. According to the firm, early reactions from beta testers have been positive, and the waitlist for the service has surpassed expectations.

"We continue to listen to our customers' feedback and firmly believe Webull Premium will deliver solutions that enhance their experience to strengthen their trading and investing decisions," commented Arianne Adams, Chief Strategy Officer and Head of Derivatives at Webull.