WeBull is a trading platform that allows users to trade stocks, options and ETFs on US and Australian markets.
The trading platform launched in Australia in late December 2022 and is best known globally for its zero commission trades of US stocks and advanced trading and research features. However there are several other stock trading platforms in Australian that also offer zero or low-cost brokerage to trade US stocks. Here are six options worth considering.
WeBull is a commission-free stock trading platform that offers real-time market data. Users in the US can trade stocks, options, ETFs and ADRs on WeBull and the platform is specifically designed for mobile users.
WeBull is popular for its no-fee trading, zero account minimums and user-friendly interface. It’s a solid choice for casual investors, but also offers a range of advanced charts and analysis tools to suit more experienced traders.
eToro offers zero-commission AU, US, Hong Kong and European stock trading and a popular copy trading feature for investors.
In one of the closer alternatives, eToro, like Webull, offers $0 brokerage on its US stocks. The platform is perhaps best known for its social trading approach and the copy trading feature that lets you make the same moves as eToro's top traders. eToro also lets you access stocks, forex, CFDs and cryptocurrency from one account, opening up a wide range of trading possibilities.
Brokerage fee: $0
Inactivity fee: USD$10
Products: AU stocks, US stocks, European stocks, Hong Kong stocks, forex, cryptocurrency, commodities
Trading CFDs and forex on leverage is high-risk and you could lose more than your initial investment. It may not be suitable for every investor. Refer to the provider’s PDS and consider the risks before trading.
Open an IG share trading account and you can take advantage of zero trading fees on US and global stocks.
IG doesn’t just offer commission-free trading on US stocks and ETFs, it also offers zero-fee trades on global markets including the UK, Germany and Ireland. You can also trade shares on the ASX, though brokerage fees apply, and use your IG account to trade forex, cryptocurrencies and commodities.
Brokerage fee: From $5 for ASX shares, $0 for global shares
Inactivity fee: None
Products: Australian and international shares, forex, CFDs (forex, cryptocurrency, commodities)
CMC Invest offers fee-free stock trading on US, UK, Canadian and Japanese markets.
When you open a CMC Invest account, you can trade local and international shares, ETFs, options and more. ASX trades attract a brokerage fee, but trades on global markets (including the US) are commission free. CMC Markets also offers a separate account for CFD trading if you want to diversify even further.
Brokerage fee: From $11 for ASX stocks (CHESS), $0 for global stocks. Your first ASX buy order up to $1,000 is $0 brokerage.
Inactivity fee: $0
Products: Australian and global shares, options, managed funds, forex, commodities, cryptocurrency
Access low brokerage fees when you trade over 19,000 stocks on 40+ exchanges around the world.
If you open an online trading account with Saxo Invested, you can trade global stocks, ETFs, bonds, forex, CFDs and more. Saxo Invested offers access to shares on the ASX, the NASDAQ and the NYSE in the US, as well as a wide range of exchanges across Asia and Europe. However, be aware that brokerage fees apply.
Brokerage fee: From $3 for ASX stocks, US$1 for US stocks
Inactivity fee: $0
Products: ASX-listed stocks, global stocks, forex, CFDs, stock options
This mobile and desktop trading app offers zero-fee trading on over 3,800 US stocks and ETFs.
Stake is designed to provide Aussie investors with easy and affordable access to US stocks. Account holders can trade over 3,800 stocks and ETFs on US exchanges like the NASDAQ and the NYSE. There’s also a paid monthly plan available for traders who want to access advanced features, but Stake doesn’t offer leverage trading or access to other assets such as forex.
Brokerage fee: US$3 for US stocks, $3 for ASX stocks
Enjoy low brokerage fees on Australian and international shares, on a platform that is better suited to experienced traders than beginners.
Interactive Brokers is a US-based online trading platform that offers access to a huge range of global markets. You can trade everything from stocks and ETFs to forex and metals, with access to the ASX, NASDAQ, NYSE, London Stock Exchange and more. Brokerage fees are low, but the fee structure is complex and the advanced features of this platform are better suited to experienced traders.
Brokerage fee: From $5 for ASX stocks, from US$0.0035 per share (capped at 1% of trade value) for US stocks
Important: The standard brokerage fee displayed is the trade cost for new customers to purchase $1,000 of either Australian or US shares. Where a platform charges different fees for both US and Australian shares we show the lower of the two. Where both CHESS sponsored and custodian shares are offered, we display the cheapest option.
How do WeBull’s fees compare?
There is no minimum investment required to open a WeBull account. There are also minimal fees when using the platform:
Brokerage fees: $4.95 for ASX stocks/ETFs, US$0.00025 X total trade amount for US stocks/ETFs
Fees also apply when you transfer stocks from WeBull, while margin traders must also be aware of the interest rate that applies to their loan.
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the product on the provider's website.
Tim Falk is a writer for Finder, writing across a diverse range of topics. Over the course of his 15-year writing career, Tim has reported on everything from travel and personal finance to pets and TV soap operas. When he’s not staring at his computer, you can usually find him exploring the great outdoors.
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