Webull review

Zero commission and all-in-one brokerage for US and HK markets.

Enjoy fast and easy access to US and HK-listed stocks, ETFs and options on-the go with Webull, a one-stop mobile trading app.

Some of its most prominent features include zero commission, free real-time quotes and full extended hours trading.

Find out if Webull is suited to your investment needs in our review.

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Stocks, ETFs, Options,ADRs

What you can trade?




Quick verdict

Good for
  • Zero commission and transparent fee structure
  • Fractional share trading
  • Intuitive platform with advanced tools
Not so great for
  • Limited range of investment products
  • No access to digital assets
  • Thin educational support and resources

Ongoing promotions

Welcome rewards

New users or existing users without a previously funded account may enjoy the following welcome rewards from 1 August to 1 September 2022:

RewardEligibility criteria
Zero commission for US stocks, options and ETFs trading
  • None
3-month Level 2 US market data subscription
  • Register for a Webull account
USD60 worth of GOOG fractional shares

50% off FWD Travel Insurance Plans (first 500 subscribers)

  • Register a Webull account
  • Initial funding of minimum SGD1,965
  • Execute at least 1 buy trade of either Stock, ETFs or Options on the US market within the campaign period. Note that there is a minimum trade value of USD100 for Stocks and ETFs trades
Bonus: Additional USD40 worth of GOOG fractional shares
  • Register a Webull account
  • Initial funding of minimum SGD1,965
  • Execute at least 1 buy trade of either Stock, ETFs or Options on the US market within the campaign period. Note that there is a minimum trade value of USD100 for Stocks and ETFs trades
  • In addition, execute 5 buy trades of either Stock, ETFs or Options on the US market within the campaign period

Referral rewards

Benefit from the following rewards when you refer a friend to Webull (up to 10 referrals) from 1 August to 1 September 2022:

RewardEligibility criteria
Up to US$390 worth of AMZN fractional shares
  • Invitee must register for a Webull brokerage account using a unique referral link from the inviter; AND
  • Invitee must make an initial deposit of at least SGD1,965 during the campaign period via the Webull app

Note: Offer is subject to change without prior notification. Terms and conditions apply.

About Webull

Headquartered in New York, Webull Financial LLC is a Chinese-owned stockbroker that was originally founded in 2017. The mobile-first trading platform was subsequently launched in the United States in 2018 and entered Hong Kong in 2020.

As part of its global expansion plan, the firm announced in May 2022 that it was extending its services to Singapore under Webull Securities (Singapore) Pte Ltd.

Webull is regulated by the MAS

Webull Securities (Singapore) Pte. Ltd. (“Webull Securities”) is a Capital Markets Services Licence holder under the Securities and Futures Act 2001, licensed and regulated by the Monetary Authority of Singapore.

Key features of Webull App

Take a look at some of Webull’s features before deciding if this is the right broker for your trading needs:

Charting tools

Make better investment decisions with Webull’s 17 line chart options along with 60 technical indicators.

Real-time market data

Gain better insights into the market’s demand and supply with NASDAQ TotalView and NBBO quotes.

Fractional shares

Enjoy the flexibility to own shares based on the dollar amount you wish to invest instead of a whole share. Do note that you can only purchase fractional shares using market orders, spot trades and during trading hours.

Option trading

Minimise your risk with limit and market orders during regular trading hours. Simply submit an application through the Webull app to enable options trading on your account.

Margin trading

Leverage the value of your securities to magnify your gains. However, bear in mind that margin trading entails higher risk.

Which markets can I access with a Webull account?

Webull only supports trading in 2 markets:

  • Hong Kong
  • United States

With a Webull account, you’d be able to trade the following financial instruments:

  • Stocks
  • Options
  • Exchange traded funds (ETFs)
  • American depository receipts (ADRs)

What account types are available on the Webull app?

Webull only offers 2 account types:

  • Individual cash account
  • Individual margin account

Do note that while you’re only allowed to open 1 account, you can always choose to convert it to either a cash or margin account in the future. Account conversion typically takes 2 business days to be processed.

What fees are charged when using Webull?

While Webull doesn’t charge any commission when you trade the accessible products on its platform, do keep an eye out for various fees imposed by external authorities.

What are the pros and cons of using Webull?


  • Zero commission. Enjoy commission-free trading for US and HK-listed stocks, ETFs and options. Webull also doesn’t charge any commission, platform or membership fees.
  • Ability to trade fractional shares. Own shares based on the dollar amount you wish to invest instead of having to own an entire share.
  • Fast account opening process. Opening a Webull account with SingPass is quick and hassle-free. Accounts are typically approved and expected to be ready within 24 hours.


  • Limited financial products. Common asset classes such as mutual funds, futures, forex and bonds are not supported.
  • No cryptocurrency support. Webull does not offer any crypto trading services for users in Singapore.
  • Not-so-competitive exchange rates. Webull’s exchange rates are slightly lower compared to its competitors, making it less attractive for active traders with high volume trade.

How do I apply for a Webull account?

You can open a Webull account easily through the Webull app. If you have access to SingPass, simply select this option to retrieve all the required information quickly.

Alternatively, you may also complete an in-app application manually, which will require you to provide your identification documents and proof of residential address.

How to fund your account

Webull offers a number of ways to fund your stock trading account:

  • Electronic Direct Debit Authorisation (eDDA)
  • Fast And Secure Transfer (FAST)
  • Telegraphic Transfer (TT)

The registered name of the bank account holder and Webull account holder must be the same for all deposits and withdrawals. Be aware that due to anti-money laundering regulations, funding from joint accounts or third-party payment platforms will not be accepted by Webull.

How do I contact support?

Webull has a comprehensive help section on its website that features a long list of frequently asked questions and answers. However, if you need to speak to a representative, you may contact Webull directly through the following contact details:

  • Phone: +65 6013 3322
  • In-app support: Access Webull’s help centre directly from the Webull app
  • Email: clientservices@webull-sg.com

Compare with other brokers

Name Product Brokerage Fee Tradeable Assets Market Access Trading Platform Offer
SGX stocks: N/A
US stocks: $1.49 per trade (regular pricing)
Stocks, ETFs
Syfe Trade
Get $60 when you sign up on Syfe Trade (minimum deposit of $2,000 and make one trade). Promo code: 'TRADENEW'.T&Cs apply.
Interactive Brokers
SGX stocks: $2.50 per order
US stocks: $1 per order
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SG, US, CA, AU, UK, IN, JP, HK, MX, FR & 17+ more
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CFD service. Capital at risk.
Take advantage of low trading fees, multiple platform support, and an extensive list of asset classes across global markets, including stocks, options, futures, forex, bonds, and funds.
SGX stocks: N/A
US stocks: $0
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Webull App
Get US$60 GOOG fractional shares when trading with initial funds of $1,965. 50% off FWD travel insurance and complimentary market data for new sign-ups. T&Cs apply.
Saxo Markets
SGX stocks: $5
US stocks: $4
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CFD service. Capital at risk.
Trade 22,000+ international stocks on global exchanges with brokerage fees as low as $5. Low-risk account is also available for beginners.
Tiger Brokers
SGX stocks: $1.99 per order
US stocks: $1.99 per order
Stocks, ETFs, Options, Futures
Tiger Trade
Sign up and enjoy unlimited zero commission trades for US stocks for 180 days. T&Cs apply.
SGX stocks: $0.99 per order
US stocks: $0.99 per order
Stocks, ETFs, Funds, Futures
Access Singapore, Hong Kong, US stocks and ETFs with one account. Enjoy free level 2 market data and lifetime commission-free trading on US stocks.

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Frequently asked questions

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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