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Webull Review

Stands out by its genuine $0 commission and $0 platform fee on U.S. stock trades

Webull is an online all-in-one self-directed investment platform that provides excellent user experience, advanced and intelligent tools and services.

What does WeBull do?

Webull is an all-in-one investment platform offering a comprehensive suite of investment products including stocks, fractional shares, options, ETFs, OTC, and ADRs. Webull is well-known for its commission-free US stock trading service.

What products/tools does Webull support?

Products/ToolsSupported by Webull
US stock
  • Yes
HK stock
  • Yes
FOREX
  • No
ETFs
  • Yes
Funds
  • No
Bonds
  • No
IPO
  • Yes
Options
  • Yes
Futures
  • No
CFD
  • No
Commodities
  • No
Cryptocurrencies
  • No

Features of Webull

  • Trade stocks & long options with $0 commission: $0 commission, $0 platform fee and $0 membership fee for US stocks, and also $0 commission and $0 platform fee for long option.
  • Full extended hours trading: Webull supports pre-market and after-hours-trading, where customers could capture trade opportunities any time and anywhere.
  • One-stop convenient investment: One account to trade US/HK shares, ETFs, warrants, US long options & fractional shares, CBBCs, HK odd lots and IPOs.
  • U.S. and HK streaming quotation: Webull provides BMP real-time quotes for HK stocks, Level 2 Advance Nasdaq Totalview FOCS and OPRA option millisecond real-time quotes.
  • Powerful analytic tools: Webull supports 61 technical indicators and 17 different line types.
  • Multi trading platforms: Webull trading service is available on mobile app, tablet, PC and Web.
  • Fast online account opening and order execution

Is Webull safe?

Webull is SFC licensed corporation (CE number: BNG700). Investors are eligible for up to HK$500,000 in compensation under the Investor Compensation Fund (ICF). Client funds are independently hosted by Citibank and CMB Wing Lung Bank.

Webull’s fee

ProductsFee
HK stock
  • Commission: 0.02% of the transaction amount, minimum HK$2/order
  • Platform fee: HK$10 per order

*Applicable to Hong Kong Equities Securities, ETFs, Warrants, CBBCs, Inline Warrants, etc.

US stock
  • Commission: $0
  • Platform fee: $0

*Applicable to U.S. market stocks and ETFs and other listed securities transactions

A-shares
  • Commission: 0.02% of the transaction amount, minimum RMB¥2 per order
  • Platform fee: RMB¥12 per order

*Applicable to China Connect (Shanghai Connect & Shenzhen Connect) Trading

IPO
  • Through cash: HK$50/application
  • Through margin: HK$100/application

Remarks: The fees above are accurate as of 20 October 2022.

How do I sign up?

Webull supports account opening by online transfer.

  1. Prepare the required documents, e.g, HKID card and address proof (within the last 3 months).
  2. Download their app on Google Play or App Store or access via Webull homepage.
  3. Fill in the application with your personal information.
  4. Choose the account type.
  5. Read and confirm the risk disclosures.
  6. Complete the identity verification.
  7. You will be required to pass the online transfer authentication with an initial deposit of HK$10,000 or more from the Hong Kong bank account under your own name.

    In a nutshell

    Pros

    • Low cost
    • Commission-free for US stock and long options trading
    • Easy account opening
    • Advanced analytics tools
    • Fractional shares are available
    • Access to extended hours and pre-market trading

    Cons

    • Popular investment products such as mutual funds, bonds or futures are not available
    • Lack of educational resources

    Frequently asked questions

    Compare Share Trading Platforms in Hong Kong

    1 - 8 of 8
    Name Product 網上交易最低佣金 網上交易佣金 可交易之股票 關聯
    Futu
    HK stocks: HK$0 + HK$15 platform fee
    US stocks: US$0.99 + US$0.005 platform fee
    HK stocks:HK$0
    US stocks: US$0.0049
    Hong Kong stocks, US stocks
    Up to HK$1,500 Welcome Rewards
    Ends 30 November 2022: Open an account, deposit HK$10,000 and keep for 60/90 days to receive a welcome reward valued up to HK$1,400 (choose 1 out of 6), plus an extra HK$100 supermarket coupon when you apply via Finder. T&Cs apply.
    uSMART Securities
    HK: HK$0 + HK$12 platform fee
    US: US$0 + US$1.88 platform fee
    HK: HK$0
    US: US$0
    Hong Kong stocks, US stocks
    Up to HK$1,800 Cash Coupon & Tesla Stocks
    Choose between six HK$150 cash coupons (worth HK$900) and six HK$300 cash coupons (worth HK$1,800). Get TESLA stock exchange coupons, 30-day Nasdaq Basic quotes and $0 commission for HK and US stocks. T&Cs apply.
    Valuable Capital
    HK stocks: HK$3 + HK$15 platform fee
    US stocks: US$0.99 + US$1 platform fee
    HK stocks: 0.03%,
    US stocks: US$0.0049
    Hong Kong stocks, US stocks
    ECHO Music Festival or SWICH Promotions
    Ends 30 November 2022: Choose between HKTVMall gift coupons worth up to HK$1,200 and ECHO Music Festival tickets (valued up to HK$980) when you sign up using the code “WISH23”. Plus, get cash rebates worth up to HK$6,000. T&Cs apply.
    Saxo Markets
    HK $18
    0.05%
    US, CA, DE, IE, UK, IT, DK, FI, SE, NL, BE, PT, FR, NO, CZ, CH, AT, PL, SA, AU, HK, MY, CN, SG, JP, GR, ES
    CFD Service. Your capital is at risk.
    Saxo Markets provides an online platform for trading stocks, shares, CFDs, and forex around the world
    Libertex
    Libertex
    $0
    0%
    US
    CFD Service. Your capital is at risk.
    Offers tradable CFDs for a range of underlying assets, such as commodities, Forex, ETFs, cryptocurrencies and more. It also offers commission-free investments in real stocks.
    Zacks Trade
    HK$120
    0.3%
    US, CA, MX, AUT, BEL, FR, DE, IT, NL, ES, NO, SE, UK, CH, HK, JP, SG, RU, AU
    Longbridge
    HK stocks: HK$0
    US stocks: US$0
    HK stocks: HK$0
    US stocks: US$0
    Hong Kong stocks, US stocks
    Lifetime $0 Commission for HK & US Stocks
    Ends 30 November 2022: Enjoy HK$1,000 worth of stock cash cards and up to HK$400 vouchers for trading 1 option contract. Plus, HK$1,000 coupon for you and your friend for a net transfer of HK$100,000. T&Cs apply.
    Webull
    HK stocks: HK$0 + HK$10 platform fee
    US stocks: US$0
    HK stocks: HK$0,
    US stocks: US$0
    Hong Kong, China stocks, US stocks
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    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.
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