What you can trade on Webull in Canada<\/h4>- Canadian & US stocks<\/strong><\/li>
- Canadian & US ETFs<\/strong><\/li>
- (US options are coming soon)<\/strong><\/li><\/ul><\/div><\/article>
Account types available with Webull Canada<\/h4>- Cash<\/li>
- Margin<\/li><\/ul><\/div>
Latest Webull updates<\/h3>
January 2, 2024:<\/strong> Webull officially launched in Canada<\/a> after gaining approval to become a member<\/a> of the Canadian Investment Regulatory Organization (CIRO) on November 15, 2023. Customers in Canada can now trade US and Canadian stocks and ETFs through the Webull app. US options trading is coming soon.<\/p>February 28, 2024:<\/strong> Webull announced that it has agreed to list its shares<\/a> on the Nasdaq through a merger with SK Growth Opportunities Corporation (NASDAQ: SKGR). The combined company will be called Webull Corporation and will trade under a new ticker symbol. The combined company is valued at $7.3 billion USD.<\/p><\/div><\/article>Where Webull shines<\/h3>
Compared to the self-directed investment platforms run by many of Canada\u2019s Big Banks, Webull has some of the lowest fees in the industry. For each trade, customers pay just $0.000166 * Total Trade Volume Min $0.01 per - Max $8.30 per<\/strong>, and the account fee is only $10\/year. You can also earn 4% interest on your uninvested CAD cash balance (3% for USD balances).<\/strong><\/p>We also like Webull\u2018s new account offers. Pay .<\/strong> If that wasn\u2019t enough, you can also score some extra cash. <\/p>Beyond costs, Webull stands out for offering big broker trading tech, a sleek app design and features we\u2019ve come to expect from fintech brokers. You\u2019ll find multiple, powerful trading platforms with advanced tools and services.<\/p>
You can invest in both Canadian and US securities using multiple order types, including limit orders, market orders, stop orders (stop-loss orders) and stop limit orders. Margin trading is also supported.<\/p>
Where Webull falls short<\/h3>
Being fairly new to Canada, Webull only lets you trade stocks and ETFs (although US options trading will be available soon). If you want to trade bonds, mutual funds, crypto, or futures, you\u2019ll need to look elsewhere.<\/p>
Outside of Webull\u2018s promotions, you can\u2019t get zero-commission trading like you can with some other discount brokerages in Canada. Customer support options are currently limited to email, an in-app contact form and online help articles, but we\u2019d like to see this expand to include live chat.<\/p>
Webull Canada fees<\/h3>
Minimum deposit<\/td> $0<\/td><\/tr> Annual account fee<\/td> $10<\/td><\/tr> Stock & ETF trade fees<\/td> - Each trade costs $0.000166 * Total Trade Volume Min $0.01 per - Max $8.30 per.<\/li>
- The SEC charges $0.000008 USD X Trade Value for each US securities trade (min. $0.01).<\/li>
- The DTC charges $0.01 to $0.03 USD per ADR share.<\/li><\/ul><\/td><\/tr>
Margin account rates<\/td> 4.74% - 8.74%<\/td><\/tr> Wire transfer withdrawal<\/td> - Domestic (CAD\/USD): $25<\/li>
- International (USD): $45<\/li><\/ul><\/td><\/tr>
Foreign exchange fee<\/td> 1.5% ($10 min. exchange amount)<\/td><\/tr> Account transfer fee<\/td> Full transfers: $0 + tax
Partial transfers: $50 + tax<\/td><\/tr> Inactivity fee<\/td> $0<\/td><\/tr><\/tbody><\/table>Is Webull legit?<\/h3>
Yes, Webull is a legit US-based fintech company founded in 2017. In the US, it\u2019s registered with the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC).<\/p>
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).<\/p>
Webull\u2019s platform is easy to use<\/h3>
Here are some of the tools you can use to trade with on Webull:<\/p>
- Stock watchlist<\/li>
- Advanced charts<\/li>
- Technical indicators<\/li>
- Demo account (paper trading simulator)<\/li>
- Screeners<\/li>
- Educational videos<\/li>
- Level 2 quotes through Nasdaq TotalView ($4.99 CAD subscription fee applies unless you make one trade every 30 days)<\/li><\/ul>
Webull\u2019s app<\/h4>Webull offers a powerful mobile app that lets you manage your portfolio on the go. Stay across positions and consolidate watchlists, analyze 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. Monitor data in two primary market tabs: United States and Global.
![\"Webull](\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2024\/04\/Webullmobileapp2_Finder_1200x708.jpg\" "\\"Image:")
Webull\u2019s app store reviews in Canada<\/h4>
App store<\/th> Rating<\/th> Total reviews<\/th><\/tr><\/thead> Google Play<\/strong><\/td>4.1 out of 5 stars<\/td> 242 reviews<\/td><\/tr> Apple Store<\/strong><\/td>3.0 out of 5 stars<\/td> 24 reviews<\/td><\/tr><\/tbody><\/table>Webull Desktop<\/h4>Webull customers have free access to a customizable desktop platform and its suite of research and analysis tools, which includes screeners, alerts, trading widgets and 20+ charting widgets that support over 60 indicators.Webull\u2019s customer support<\/h3>
Currently, customers in Canada can connect with Webull via email and an in-app contact form.<\/p>
How to open a Webull account in Canada<\/h3>- Go to Webull\u2018s website or download the mobile app and select Sign up<\/strong>.<\/li>
- Enter your phone number, and create and account password.<\/li>
- Select Open Account<\/strong>.<\/li>
- Verify your identity by taking a photo of your ID and a selfie. If everything checks out, it shouldn\u2019t take more than a minute or two.<\/li>
- Enter your personal information, employment details and financial information. Confirm whether you\u2019re a professional trader.<\/li>
- Indicate your shareholder communication preferences, and confirm your tax residency.<\/li>
- Select the account you want to open (cash or margin).<\/li>
- Read and electronically sign the required documents.<\/li>
- Submit your application. You might be approved almost instantly, although it could take up to two business days. Supplementary information may be required.<\/li><\/ol>
Eligibility and required information<\/h4>- Be at least the age of majority in your province or territory (18 or 19 years old)<\/li>
- Be a Canadian resident<\/li><\/ul><\/div>
- Have valid government-issued ID<\/li>
- Have a valid Social Insurance Number (SIN)<\/li><\/ul><\/div><\/div>
How safe is Webull?<\/h3>
According to Webull\u2018s privacy policy, it \u201cuses reasonable, industry standard security measures to protect information\u201d and regularly conducts audits of its system. Through its membership with the CIPF, brokerage customers are insured up to $1 million if Webull becomes insolvent. Learn more about CIPF coverage here<\/a>.<\/p>Compare Webull to other platforms<\/h3>
Account types available with Webull Canada<\/h4>- Cash<\/li>
- Margin<\/li><\/ul><\/div>
Latest Webull updates<\/h3>
January 2, 2024:<\/strong> Webull officially launched in Canada<\/a> after gaining approval to become a member<\/a> of the Canadian Investment Regulatory Organization (CIRO) on November 15, 2023. Customers in Canada can now trade US and Canadian stocks and ETFs through the Webull app. US options trading is coming soon.<\/p>February 28, 2024:<\/strong> Webull announced that it has agreed to list its shares<\/a> on the Nasdaq through a merger with SK Growth Opportunities Corporation (NASDAQ: SKGR). The combined company will be called Webull Corporation and will trade under a new ticker symbol. The combined company is valued at $7.3 billion USD.<\/p><\/div><\/article>Where Webull shines<\/h3>
Compared to the self-directed investment platforms run by many of Canada\u2019s Big Banks, Webull has some of the lowest fees in the industry. For each trade, customers pay just $0.000166 * Total Trade Volume Min $0.01 per - Max $8.30 per<\/strong>, and the account fee is only $10\/year. You can also earn 4% interest on your uninvested CAD cash balance (3% for USD balances).<\/strong><\/p>We also like Webull\u2018s new account offers. Pay .<\/strong> If that wasn\u2019t enough, you can also score some extra cash. <\/p>Beyond costs, Webull stands out for offering big broker trading tech, a sleek app design and features we\u2019ve come to expect from fintech brokers. You\u2019ll find multiple, powerful trading platforms with advanced tools and services.<\/p>
You can invest in both Canadian and US securities using multiple order types, including limit orders, market orders, stop orders (stop-loss orders) and stop limit orders. Margin trading is also supported.<\/p>
Where Webull falls short<\/h3>
Being fairly new to Canada, Webull only lets you trade stocks and ETFs (although US options trading will be available soon). If you want to trade bonds, mutual funds, crypto, or futures, you\u2019ll need to look elsewhere.<\/p>
Outside of Webull\u2018s promotions, you can\u2019t get zero-commission trading like you can with some other discount brokerages in Canada. Customer support options are currently limited to email, an in-app contact form and online help articles, but we\u2019d like to see this expand to include live chat.<\/p>
Webull Canada fees<\/h3>
Minimum deposit<\/td> $0<\/td><\/tr> Annual account fee<\/td> $10<\/td><\/tr> Stock & ETF trade fees<\/td> - Each trade costs $0.000166 * Total Trade Volume Min $0.01 per - Max $8.30 per.<\/li>
- The SEC charges $0.000008 USD X Trade Value for each US securities trade (min. $0.01).<\/li>
- The DTC charges $0.01 to $0.03 USD per ADR share.<\/li><\/ul><\/td><\/tr>
Margin account rates<\/td> 4.74% - 8.74%<\/td><\/tr> Wire transfer withdrawal<\/td> - Domestic (CAD\/USD): $25<\/li>
- International (USD): $45<\/li><\/ul><\/td><\/tr>
Foreign exchange fee<\/td> 1.5% ($10 min. exchange amount)<\/td><\/tr> Account transfer fee<\/td> Full transfers: $0 + tax
Partial transfers: $50 + tax<\/td><\/tr> Inactivity fee<\/td> $0<\/td><\/tr><\/tbody><\/table>Is Webull legit?<\/h3>
Yes, Webull is a legit US-based fintech company founded in 2017. In the US, it\u2019s registered with the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC).<\/p>
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).<\/p>
Webull\u2019s platform is easy to use<\/h3>
Here are some of the tools you can use to trade with on Webull:<\/p>
- Stock watchlist<\/li>
- Advanced charts<\/li>
- Technical indicators<\/li>
- Demo account (paper trading simulator)<\/li>
- Screeners<\/li>
- Educational videos<\/li>
- Level 2 quotes through Nasdaq TotalView ($4.99 CAD subscription fee applies unless you make one trade every 30 days)<\/li><\/ul>
Webull\u2019s app<\/h4>Webull offers a powerful mobile app that lets you manage your portfolio on the go. Stay across positions and consolidate watchlists, analyze 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. Monitor data in two primary market tabs: United States and Global.
Webull\u2019s app store reviews in Canada<\/h4>
App store<\/th> Rating<\/th> Total reviews<\/th><\/tr><\/thead> Google Play<\/strong><\/td>4.1 out of 5 stars<\/td> 242 reviews<\/td><\/tr> Apple Store<\/strong><\/td>3.0 out of 5 stars<\/td> 24 reviews<\/td><\/tr><\/tbody><\/table>Webull Desktop<\/h4>Webull customers have free access to a customizable desktop platform and its suite of research and analysis tools, which includes screeners, alerts, trading widgets and 20+ charting widgets that support over 60 indicators.Webull\u2019s customer support<\/h3>
Currently, customers in Canada can connect with Webull via email and an in-app contact form.<\/p>
How to open a Webull account in Canada<\/h3>- Go to Webull\u2018s website or download the mobile app and select Sign up<\/strong>.<\/li>
- Enter your phone number, and create and account password.<\/li>
- Select Open Account<\/strong>.<\/li>
- Verify your identity by taking a photo of your ID and a selfie. If everything checks out, it shouldn\u2019t take more than a minute or two.<\/li>
- Enter your personal information, employment details and financial information. Confirm whether you\u2019re a professional trader.<\/li>
- Indicate your shareholder communication preferences, and confirm your tax residency.<\/li>
- Select the account you want to open (cash or margin).<\/li>
- Read and electronically sign the required documents.<\/li>
- Submit your application. You might be approved almost instantly, although it could take up to two business days. Supplementary information may be required.<\/li><\/ol>
Eligibility and required information<\/h4>- Be at least the age of majority in your province or territory (18 or 19 years old)<\/li>
- Be a Canadian resident<\/li><\/ul><\/div>
- Have valid government-issued ID<\/li>
- Have a valid Social Insurance Number (SIN)<\/li><\/ul><\/div><\/div>
How safe is Webull?<\/h3>
According to Webull\u2018s privacy policy, it \u201cuses reasonable, industry standard security measures to protect information\u201d and regularly conducts audits of its system. Through its membership with the CIPF, brokerage customers are insured up to $1 million if Webull becomes insolvent. Learn more about CIPF coverage here<\/a>.<\/p>Compare Webull to other platforms<\/h3>
Latest Webull updates<\/h3>
January 2, 2024:<\/strong> Webull officially launched in Canada<\/a> after gaining approval to become a member<\/a> of the Canadian Investment Regulatory Organization (CIRO) on November 15, 2023. Customers in Canada can now trade US and Canadian stocks and ETFs through the Webull app. US options trading is coming soon.<\/p> February 28, 2024:<\/strong> Webull announced that it has agreed to list its shares<\/a> on the Nasdaq through a merger with SK Growth Opportunities Corporation (NASDAQ: SKGR). The combined company will be called Webull Corporation and will trade under a new ticker symbol. The combined company is valued at $7.3 billion USD.<\/p><\/div><\/article> Compared to the self-directed investment platforms run by many of Canada\u2019s Big Banks, Webull has some of the lowest fees in the industry. For each trade, customers pay just $0.000166 * Total Trade Volume Min $0.01 per - Max $8.30 per<\/strong>, and the account fee is only $10\/year. You can also earn 4% interest on your uninvested CAD cash balance (3% for USD balances).<\/strong><\/p> We also like Webull\u2018s new account offers. Pay .<\/strong> If that wasn\u2019t enough, you can also score some extra cash. <\/p> Beyond costs, Webull stands out for offering big broker trading tech, a sleek app design and features we\u2019ve come to expect from fintech brokers. You\u2019ll find multiple, powerful trading platforms with advanced tools and services.<\/p> You can invest in both Canadian and US securities using multiple order types, including limit orders, market orders, stop orders (stop-loss orders) and stop limit orders. Margin trading is also supported.<\/p> Being fairly new to Canada, Webull only lets you trade stocks and ETFs (although US options trading will be available soon). If you want to trade bonds, mutual funds, crypto, or futures, you\u2019ll need to look elsewhere.<\/p> Outside of Webull\u2018s promotions, you can\u2019t get zero-commission trading like you can with some other discount brokerages in Canada. Customer support options are currently limited to email, an in-app contact form and online help articles, but we\u2019d like to see this expand to include live chat.<\/p> Yes, Webull is a legit US-based fintech company founded in 2017. In the US, it\u2019s registered with the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC).<\/p> 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).<\/p> Here are some of the tools you can use to trade with on Webull:<\/p> Currently, customers in Canada can connect with Webull via email and an in-app contact form.<\/p> According to Webull\u2018s privacy policy, it \u201cuses reasonable, industry standard security measures to protect information\u201d and regularly conducts audits of its system. Through its membership with the CIPF, brokerage customers are insured up to $1 million if Webull becomes insolvent. Learn more about CIPF coverage here<\/a>.<\/p>Where Webull shines<\/h3>
Where Webull falls short<\/h3>
Webull Canada fees<\/h3>
Minimum deposit<\/td> $0<\/td><\/tr> Annual account fee<\/td> $10<\/td><\/tr> Stock & ETF trade fees<\/td> Margin account rates<\/td> 4.74% - 8.74%<\/td><\/tr> Wire transfer withdrawal<\/td> Foreign exchange fee<\/td> 1.5% ($10 min. exchange amount)<\/td><\/tr> Account transfer fee<\/td> Full transfers: $0 + tax
Partial transfers: $50 + tax<\/td><\/tr>Inactivity fee<\/td> $0<\/td><\/tr><\/tbody><\/table> Is Webull legit?<\/h3>
Webull\u2019s platform is easy to use<\/h3>
Webull\u2019s app<\/h4>Webull offers a powerful mobile app that lets you manage your portfolio on the go. Stay across positions and consolidate watchlists, analyze 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. Monitor data in two primary market tabs: United States and Global.
Webull\u2019s app store reviews in Canada<\/h4>
App store<\/th> Rating<\/th> Total reviews<\/th><\/tr><\/thead> Google Play<\/strong><\/td> 4.1 out of 5 stars<\/td> 242 reviews<\/td><\/tr> Apple Store<\/strong><\/td> 3.0 out of 5 stars<\/td> 24 reviews<\/td><\/tr><\/tbody><\/table> Webull Desktop<\/h4>Webull customers have free access to a customizable desktop platform and its suite of research and analysis tools, which includes screeners, alerts, trading widgets and 20+ charting widgets that support over 60 indicators.
Webull\u2019s customer support<\/h3>
How to open a Webull account in Canada<\/h3>
Eligibility and required information<\/h4>
How safe is Webull?<\/h3>
Compare Webull to other platforms<\/h3>