Webull review
- Stock Trading Fee
- $0
- Monthly Account Fee
- $10/year
- FX Fee
- 1.5%
- Min. Deposit
- $0
- Available Asset Types
- Stocks, ETFs
Our verdict
Webull is a solid option if you want to trade Canadian and US stocks commission-free, but look elsewhere if you want access to a wider range of investments.
Discount brokerage Webull offers plenty to impress Canadian investors. We like the fact that it offers commission-free trading along with free deposits and withdrawals, and its suite of advanced charting tools will please more experienced traders.
On the downside, Webull doesn't offer access to as many markets and assets as some other platforms, and we could also do without the $0.70 monthly account fee. But if you're focused on investing in Canadian and US stocks and ETFs as well as US options, Webull is worth considering.
Best for: Beginners and intermediate investors who want $0 commission trading.
Pros
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$0 commission trading
-
Free deposits and withdrawals
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Dual CAD/USD currency support
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Advanced charting tools
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Supports 24/5 US trading
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User-friendly mobile app
Cons
-
1.5% currency exchange fee
-
$0.70 monthly account fee
-
Limited account types
-
No fractional shares
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Limited tradeable assets compared to some other platforms
What is Webull?
Webull is a discount brokerage that offers stock, ETF and options trading online as well as via desktop and mobile apps. This order execution only brokerage lets you trade Canadian and US stocks and ETFs with zero commissions, while US options trading is also available with low fees.
Founded in 2016 in China, Webull is now headquartered in the United States. Its Canadian head office is located in Toronto.
Webull’s features
| Fees | $0 commission trading of Canadian and US stocks and ETFs. US options trades cost $0.99 per contract, and a 1.5% currency conversion fee applies. |
| Available securities | Trade Canadian and US stocks and ETFs, US options and over 450 OTC stocks. |
| Customer support | Contact support by phone, email, or in the desktop or mobile app. |
| Mobile app | The Webull mobile app scores well in user reviews across the App Store and Google Play. However, some features of the US Webull app are not yet available in Canada. |
| Research and tools | Webull Canada offers solid research and advanced charting tools, but access to third-party analysis is limited. |
| Reliability | We found minimal reports of downtime and app errors. |
Webull is best for beginner-to-intermediate traders who want $0 commissions
With no minimum deposit requirements and no fees on stock and ETF trades, Webull gives beginners a platform where they can trade without having to worry about high fees eating into their balance.
Beyond costs, Webull stands out for offering big-broker trading tech, a sleek app design and features we’ve come to expect from fintech brokers. It offers a user-friendly trading experience and a convenient paper trading account too.
Active traders should also find Webull’s dedicated desktop platform and advanced charts, indicators and screeners attractive. But experienced traders may not like being limited to stock, ETF and options trades.
What can you invest in with Webull?
- Canadian stocks and ETFs
- US stocks and ETFs
- US options
- Over-the-counter (OTC) securities
Pros and cons of Webull
Pros
- $0 commission trading. Webull doesn't charge any commissions when you trade US and Canadian stocks and ETFs.
- 24/5 trading. In June 2026, Webull announced that it was launching overnight trading of US stocks and ETFs from 8:00pm Sunday to 4:00am Friday ET. At the time of writing, 24/5 trading was still in Beta for a limited selection of Webull Canada users.
- Free deposits and withdrawals. You can deposit and withdraw funds to and from your account without incurring any fees.
- CAD/USD support. When you open a Webull account, you can automatically access a CAD account and a USD account.
- $0 options fees for the first 3 months. New users don't pay any options trading fees for the first 3 months, after which time a fee of USD$0.99 per contract applies.
- Market data. Webull offers access to a range of real-time market data subscriptions—Nasdaq Basic, Nasdaq Totalview and National Best Bid and Offer (NBBO)—to provide traders with a detailed view of market depth and movements.
- Free Level 2 data for up to 4 months. New users receive 1 month of free Nasdaq Level 2 market data, with an extra 3 free months available when you deposit at least $500.
- Analyst ratings. Access analyst ratings to help research different stocks, and use screeners as well as fundamental and technical analysis indicators to help you choose investments.
- Customizable alerts. You can set up custom alerts to be notified of price movements, news announcements, triggered technical signals and more.
- Advanced charting tools. Webull offers a suite of customizable charting tools with 60+ indicators and over 20 drawing tools, and it also provides a range of built-in technical signals to help you identify trends and trading opportunities.
- Earn interest. You can earn 1% interest on the uninvested CAD and USD in your Moomoo account
- . There is no minimum balance required to start earning interest.
- Welcome bonus. Webull offers a welcome bonus of up to $250 cashback when you fund your account, while a $150 bonus is offered if you transfer your assets to Webull.
- Paper trading platform. Webull offers a paper trading feature so you can practise trading strategies without risking any real money. You can start paper trading in the mobile or desktop app without creating a Webull account.
Cons
- 1.5% currency conversion fee. If you need to convert from CAD to USD or vice versa, Webull charges a fee of 1.5%
- Monthly maintenance fee. Webull charges a monthly maintenance fee of $0.70 per account. That's not a huge amount, but it's 70 cents more than we'd like to pay each month.
- Limited assets and markets. Some other brokerage platforms provide access to a much wider range of tradeable assets and international markets.
- Limited account types. While Webull supports cash and margin trading as well as TFSAs and RRSPs, it does not support any other types of registered accounts.
- No support for Norbert's Gambit. Webull does not support Norbert's Gambit, so you can't avoid currency conversion fees on the platform.
- Market data costs. Once your 4 free months of advanced Level 2 data end, you'll need to sign up for a paid subscription package.
- No recurring buys. Webull does not support recurring buy orders for stocks or ETFs, so you can't automate your investing with a dollar-cost averaging strategy.
- No fractional shares. Webull does not offer fractional share trading in Canada, so you'll need to be able to cover the full price of a stock to start trading.
Webull fees
Check the table below for a breakdown of Webull’s key fees and charges in Canada.
| Fee | Amount |
|---|---|
| Canadian stock and ETF trades | $0$0 |
| US stock and ETF trades | $0 |
| US options | USD$0.99 per contract |
| EFT deposits and withdrawals | $0 |
| e-Transfer deposits and withdrawals | $0 |
| Wire withdrawals | Domestic: $50 International: $100 |
| Currency exchange | 1.5% |
| Admin/maintenance fee | $0.70 per month, per account |
| Partial account transfer out | $50 |
| Full account transfer out | $150 |
Is Webull legit?
Yes, Webull is a legit US-based fintech company founded in 2017. In the US, it’s registered with the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC).
In Canada, Webull is registered with the Canadian Investment Regulatory Organization (CIRO) and must comply with security standards set out by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).
Webull Desktop
You can trade online with Webull, and beginners will find all the essentials they need to get started on the browser-based platform. But if you want advanced trading tools, you can download Webull Desktop.
Available for Windows, Mac and Linux, this desktop app allows you to access subscription services for in-depth quotes, professional charting tools, technical indicators, drawing tools, watchlists and custom alerts.
You can also access investment screeners or build your own stock screener based on the key features you’re looking for in an investment. Active traders will also appreciate the ability to customize trading buttons, plus use Hotkeys to place quick trades.
Webull mobile app
Webull’s mobile app is free to download from the App Store and Google Play. We were impressed by its sleek design and professional feel straight away, and found it quite easy to navigate. It’s not as streamlined or simple as some other investing apps that focus solely on beginners, but anyone with an intermediate level of investing experience should soon feel right at home.
You can use the Webull app to place trades, track the performance of your portfolio, and access the latest market data. Charting tools are also easily accessible in the app, as are customizable alerts and an AI investment screener. There are plenty of tools worth exploring, and the app has generally scored quite well in user reviews.
Webull app store reviews
| Google Play app reviews |
4.1 –
★★★★★ 80,820 reviews |
| Apple App Store app reviews |
4.2 –
★★★★★ 128,999 reviews |
* Reviews as of June 16, 2026
Webull customer support
There are three ways to contact Webull’s customer support team:
- Email support: support@webull.ca
- Phone support: 1-888-228-0958
- In app/desktop support:
Phone support is available between 9.00am to 4.15pm ET. If you need help during extended market hours, you can access support through the in-app help centre or by emailing support@webull.ca.
How to open a Webull account and start investing
If you’re ready to start trading with Webull, here’s what you need to do.
Step 1: Start an application
Click through to the Webull Canada website and click Sign Up. You’ll need to enter and verify your phone number to start the application process.
Step 2: Provide your details
Choose the type of account you want to open and then provide your personal details and contact information. You’ll also need to upload a valid, government-issued photo ID, and in some cases Webull may also ask you to provide proof of address and proof of your SIN.
Once you’ve submitted your application, Webull says that most accounts can be opened in a matter of minutes. However, some applications may need to be reviewed for 1 – 2 business days.
Step 3: Make a deposit
Log into your account and navigate to the Accounts tab. Under the Banking widget, click Deposit, enter your trading password and choose the account you want to deposit funds into. Choose your deposit method and complete the transaction.
Step 4: Place a buy order
Search for the stock or ETF you want to trade and select Buy. Choose the type of order you want to place and the quantity or amount you wish to purchase. Review all transaction details before submitting your order.
How safe is Webull?
Webull is a member of the Canadian Investor Protection Fund (CIPF), which provides up to $1 million of protection for your eligible assets in the event that the broker becomes insolvent.
The platform supports two-factor authentication for an extra layer of protection, and you can also set up a trading password for a higher level of security. According to Webull’s privacy policy, the broker also “uses reasonable, industry-standard security measures to protect information under our control from loss, misuse, unauthorized access, disclosure, alteration, and destruction.”
Compare Webull with other platforms
8 Great
Available Asset Types
Stocks, ETFs
Stock Trading Fee
$0
Min. Deposit
$0
Signup Offer
N/A
9.6 Excellent
Available Asset Types
Stocks, Bonds, Options, Mutual Funds, Index Funds, ETFs, Forex, GICs, Precious Metals, IPOs
Stock Trading Fee
$0
Min. Deposit
$0
Signup Offer
Get $50 cash back when you open a Questrade self-directed investing account through Finder. T&Cs apply.
7.9 Great
Available Asset Types
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, Precious Metals, IPOs
Stock Trading Fee
$6.95
Min. Deposit
$0
Signup Offer
Get 200 free trades for 2 years, using promo code EDGE2026. Valid until September 30, 2026.
Bottom line
Webull only provides access to a limited range of assets and markets compared to some other brokers, but that won’t matter to a lot of people. We like that it offers commission-free, beginner-friendly trading for new users, plus plenty of advanced tools to suit more experienced traders.
There are downsides, such as the monthly account fee and currency conversion fee. But if you’re looking for a discount brokerage, there are plenty of good reasons to consider Webull.
Frequently asked questions
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