In this guide

  • Our verdict
  • Details
    • Platform details
  • Your reviews
  • Ask a question
Finder makes money from featured partners, but editorial opinions are our own.
Finder score
Standard brokerage fee
Available markets
ASX, USA, Hong Kong, China (A-Shares)
Phone, Email, Live chat

Our verdict

A low-fee trading platform that offers ASX and US stocks and options with a suite of tools to help you invest.

Webull's much hyped move to Australia has not disappointed those who are looking to trade in the US, with investors gaining access to low fees and advanced trading tools.

When it comes to trading, Webull's launch will allow you to trade ASX (CHESS-sponsored) shares, US equities, ETFs, US options and fractional shares. The platform has also expanded its offerings to include shares/ETFs in Hong Kong and China (A-Shares).

However, it's worth noting that the platform's trading options are somewhat limited. For instance, Australian options are not available; only US options can be traded.


  • Cheap brokerage
  • In-built news platform and strong educational resources
  • Allows you to trade fractional shares
  • $0 commission trades for the first month
  • Trade stocks from ASX, US and Hong Kong


  • No Australian options
  • Limited markets
  • Limited order types

In this guide

  • Our verdict
  • Details
    • Platform details
  • Your reviews
  • Ask a question

Webull is a trading platform with no initial deposit requirements or commissions, making it quite beginner-friendly. Access to real-time market data and advanced tools will also appeal to more active traders and options traders.

  • Consider Webull if you want low fees on ASX and US equities or US options but don’t want to compromise on advanced trading tools.
  • Look elsewhere if you want to access Australian options or global markets outside the US or China.


Platform details

Type of broker Online
Available markets ASX, USA, Hong Kong, China (A-Shares)
Standard brokerage fee US$0.25
Support Phone, Email, Live chat
Go to site
More Info

How we rated Webull's features



It charges no commission fees for the first month, and account fees are on par with competitors.
Research and tools


Reporting tools and charts are standout platform features.
Available securities


Access ASX shares, US stocks, ETFs and US options.
Customer support


Contact support in several ways, but we waited 20 minutes to speak to a rep.

To learn how our star ratings are calculated, read our methodology at the bottom of the page. Please note our methodology is based on Webull's US offering.

Webull is best for beginner-to-intermediate traders

Webull's commission-free trading and no minimum deposit requirements give newbies a platform to trade without high fees eating into their balances. Beginners can also develop trading skills through the demo account without risking their money. Active traders should find its advanced charts, indicators and screeners attractive. That said, long-term investors looking for a tax-advantaged account might be drawn elsewhere.

What you can trade on Webull

  • US Stocks and ETFs
  • Australian Stocks and ETFs (ASX and Cboe)
  • US Options
  • Hong Kong stocks
  • Chinese A-Shares

Where Webull shines

Webull has some of the lowest fees in the industry, including no minimum deposits and zero commissions on ASX and US option, stock and ETF trades for the first month. Plus there are no annual or inactivity fees. Fractional trading gives investors access to thousands of companies that might otherwise be out of reach. Webull also offers margin accounts.

Where Webull falls short

Webull gets negative feedback from clients for a lack of quality customer service and for a slow money transfer process. If you're looking to invest in Australian equities or assets like managed funds, futures, bonds or forex, you'll be forced to look elsewhere as these aren't offered by Webull.

Webull's fees

You pay $0 commissions on ASX and US stock and options trades for the first 30 days after opening your account.

US stocks and ETFs: For stocks and ETFs, there is a commission charge of US$0.00025 X total trade amount for US stocks. All "Sell" trades incur a regulatory transaction fee of US$0.000008 X Total Trade Amount (min. US$0.01) plus a trading activity fee of US$0.000145 X total trade volume (min. US$0.01; max. US$6.49 per trade).

Australian stocks and ETFs: For trade sizes up to $16,353, you pay $4.90 per trade. For all other trades, pay $0.0003 X Total Trade Amount.

US Options: There is a commission charge of US$0.50 X no. of contracts. All "Sell" trades incur a regulatory transaction fee of US$0.000008 X total trade amount (min. US$0.01) plus a trading activity fee of US$0.00244 X total trade volume. All options trades also incur an options regulatory fee and a clearing fee.

Hong Kong stocks and ETFs: $0.0003 x Trade Value (Min $15).

Chinese A-Shares: $0.0003 x Trade Value (Min $15).

Webull doesn't charge customers any bank transfer fees for deposits or withdrawals, but there is a US$1 international wire deposit charge and a US$7 international wire withdrawal charge as well as a foreign exchange transfer fee of 50 basis points.

Is Webull legit?

Yes, Webull is a legitimate fintech. It started out in 2017 in the US and is registered with the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). With its launch into Australia, it is now also licensed under ASIC (Australian Securities & Investments Commission).

Webull's platform is easy to use

Here are some of the tools you can use to trade with on Webull:

  • Stock watchlist
  • Charts
  • Paper trading simulator
  • Market data
  • Screeners
  • Portfolio
  • Nasdaq TotalView
  • Educational videos

Webull's app

Webull offers a powerful mobile app that lets you manage your portfolio on the go. Stay across positions and consolidate watchlists, analyse charts and place orders. Create your own screener and monitor what you want by market cap, prices, percent changes, volume, turnover rates and listing dates.
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Webull's desktop tools

Webull traders have access to the platform's comprehensive suite of research and analysis tools. And its platform is intuitive and can be customised to suit your needs. Webull beginners can also practise trading online with the demo account without investing any money.

Webull's app store reviews

Google Play app reviews4.3/5 stars, based on over 150 reviews
Apple App Store app reviews4.3/5 stars based on over 240 ratings

Webull's customer support

Connect with Webull in 3 ways:

  • Email support
  • Phone
  • Secure message via app

How to open an account with Webull

  1. Hit the "Sign up now" button above (you can also download the Webull app for Android or iPhone).
  2. Select the "Open account" tab, then "Open account".
  3. Enter your personal information, employment details and investment specifics.
  4. Upload a photo of your ID to verify your identity.
  5. Answer questions about your affiliations, then agree to account terms and disclosures.
  6. Choose your account type, verify your email and submit your application.

Sign up now

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.

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Koon Seng

January 23, 2023

Webull may be great product, but at this stage you can do trading only on mobile app not on web. People do trading on a big screen not tiny mobile screen. They have to provide this feature ASAP.

I won’t be signing up until I can do on big screen.


Ren Finder

January 23, 2023

Hi Koon,

Thanks for your feedback!

You’ve made a great point, and why you prefer to trade on a big screen is understandable.

We can’t speak for Webull, but they are new to the Australian market. They may release the Webull Desktop feature in the future. Meanwhile, feel free to check the Webull’s desktop tools section in our review to check what web features are available.

You can also share your feedback and sentiments by contacting Webull Australia directly.

I hope this helps.



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