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.
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.
| 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 |
| Fees | ★★★★★ | 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'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.
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.
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.
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.
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).
Here are some of the tools you can use to trade with on Webull:
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.
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.
| Google Play app reviews | 4.3/5 stars, based on over 150 reviews |
| Apple App Store app reviews | 4.3/5 stars based on over 240 ratings |
Connect with Webull in 3 ways:
Matt Finder
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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.
Cheers,
Ren
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.