Finder makes money from featured partners, but editorial opinions are our own.

Alternatives to WeBull in Australia

Here are 6 affordable alternatives to Webull in Australia if you want to trade US stocks on a budget.

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.

Check out our review of WeBull Australia.

What is WeBull?

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.

Alternatives to WeBull

  1. eToro
  2. IG
  3. CMC Invest
  4. Saxo Invested
  5. Stake
  6. Interactive Brokers

1. eToro

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
  • Access: Mobile app and desktop
Go to site

More info

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.


2. IG

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)
  • Access: Mobile and desktop

More info


3. CMC Invest

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: Desktop or mobile app
Go to site

More info


4. Saxo Invested

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
  • Access: Full-service broker, desktop platform
Go to Saxo's website

More info


5. Stake

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
  • Inactivity fee: $0
  • Products: US shares, ASX shares, ETFs
  • Access: Online only

More info


6. Interactive Brokers

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
  • Inactivity fee: None
  • Products: ASX-listed stocks, global stocks, options, futures, forex, currencies, commodities, bonds, ETFs, mutual funds
  • Access: Online only

More info


Compare share trading platforms

Looking for something else? Compare a range of other share trading platforms in the table below.

1 - 7 of 36
Name Product ASX brokerage fee US brokerage fee Available assets
eToro
Finder AwardExclusive
eToro
$0
US$0
  • ASX shares
  • Global shares
  • US shares
  • ETFs
Finder exclusive: Get 12 months of investment tracking app Delta PRO for free when you fund your eToro account (T&Cs apply).
CFD service. Capital at risk.
Join the world's biggest social trading network when you trade stocks, commodities and currencies from the one account.
Moomoo Share Trading
$3
US$0.99
  • ASX shares
  • Global shares
  • US shares
  • ETFs
Finder exclusive: Get an additional 30 days on top of the regular brokerage-free period for new accounts. T&Cs apply.
Trade shares on the ASX, the US markets and buy ETFs with Moomoo. Plus join a community over 20 million investors.
Spaceship US Investing
N/A
US$0
  • US shares
  • ETFs
Dive into US markets with $0 brokerage, starting with just a $10 investment.
Unlock US stocks and ETFs with minimal entry barriers, offering straightforward, low-cost options for new and seasoned investors.
Tiger Brokers
$5.50
US$2
  • ASX shares
  • Global shares
  • US shares
  • ETFs
Trade Australian, US and Asian stocks with no minimum deposit on Tiger Broker’s feature-packed platform.
CMC Invest
Finder Award
CMC Invest
$0
US$0
  • ASX shares
  • Global shares
  • Options trading
  • US shares
  • ETFs
$0 brokerage on US, UK, Canadian and Japanese markets (FX spreads apply).
Trade over 45,000 shares and ETFs from Australia and 15 major global markets. Plus, buy Aussie shares or ETFs for $0 brokerage up to $1,000 (First buy order of each security, each day - excludes margin loan settled trades).
Webull
$4.90
US$0.25
  • ASX shares
  • Global shares
  • Options trading
  • US shares
  • ETFs
Sign up & deposit $200 to get $100 of rewards value, or deposit $1,000 to get $200 worth. Up to $5,450 value available. T&Cs apply.
Trade ASX and US stocks and US options, plus gain access to inbuilt news platforms and educational resources. You can also start trading for less with fractional shares.
Saxo Invested
Saxo Invested
$3
US$1
  • ASX shares
  • Global shares
  • Options trading
  • US shares
  • ETFs
Access 22,000+ stocks on 50+ exchanges worldwide
Low fees for Australian and global share trading, no inactivity fees, low currency conversion fee and optimised for mobile.
loading

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
  • Inactivity fee: None
  • Products: ASX-listed stocks, global stocks, options, futures, forex, currencies, commodities, bonds, ETFs,
  • Access: Online only

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.

More guides on Finder

Ask a Question

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our 1. Terms Of Service and 6. Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Go to site