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Alternatives to WeBull in South Africa

South Africans can’t access WeBull, so here are 6 affordable alternatives if you want to trade US stocks.

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By

Tim Falk

Updated

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WeBull is a zero-commission trading platform that allows users to trade stocks, options and ETFs on US markets. Unfortunately, it’s only available to US residents and in a handful other countries, so you can’t access WeBull from South Africa.

The good news is that there are several other US stock trading platforms that offer zero or low-cost brokerage for South Africans. Here are six options worth considering.

What is WeBull?

WeBull is a commission-free stock trading platform that offers real-time market data. Users in the US can trade stocks, options, ETFs and ADRs on WeBull and the platform is specifically designed for mobile users.

WeBull is popular for its no-fee trading, zero account minimums and user-friendly interface. It’s a solid choice for casual investors, but also offers a range of advanced charts and analysis tools to suit more experienced traders.

You can find out more in the WeBull review from Finder US – just remember that you can’t access the platform unless you’re a US resident.

Alternatives to WeBull

  1. eToro
  2. IG
  3. CM Trading
  4. Saxo Capital Markets
  5. EasyEquities
  6. Interactive Brokers

1. eToro

eToro offers zero-commission US, Hong Kong and European stock trading and a popular copy trading feature for investors.

Just like WeBull, eToro doesn’t charge any commissions when you trade stocks. The platform is perhaps best known for its social trading approach and the copy trading feature that lets you make the same moves as eToro’s top traders. eToro also lets you access stocks, forex, CFDs and cryptocurrency from one account, opening up a wide range of trading possibilities.

  • Brokerage fee: $0
  • Inactivity fee: $0
  • Products: US stocks, European stocks, Hong Kong stocks, forex, cryptocurrency, commodities
  • Access: Mobile app and desktop

More info

Trading CFDs and forex on leverage is high-risk and you could lose more than your initial investment. It may not be suitable for every investor. Refer to the provider’s PDS and consider the risks before trading.

2. IG

Open an IG share trading account and you can take advantage of zero trading fees on US and global stocks.

IG doesn’t just offer commission-free trading on US stocks and ETFs, it also offers zero-fee trades on global markets including the UK, Germany and Ireland. You can also trade shares on the Australian Securities Exchange (ASX), though brokerage fees apply, and use your IG account to trade forex, cryptocurrencies and commodities.

  • Brokerage fee: $0 for global shares
  • Inactivity fee: $50 per quarter
  • Products: International shares, forex, CFDs (forex, cryptocurrency, commodities)
  • Access: Mobile and desktop

More info

CM Trading

3. CM Trading

CM Trading is a low-cost South African broker that offers both US and South African shares, currencies, commodities, and CFDs.

CM Trading is not the cheapest on the list for US stocks as it does charge relatively high transaction fees but it does distinguish itself by being reputable local option. CM Trading comes with solid portfolio tools and intuitive trading interfaces, making it suited to long-term investors.

  • Brokerage fee: Takes a fee from the spread, ranging from around 1.5 pips and 2.6 pips.
  • Inactivity fee: $15 per month
  • Products: JSE shares, ASX shares, US shares, ETFs
  • Access: Desktop or mobile

More info

4. Saxo Capital Markets

Access low brokerage fees when you trade over 19,000 stocks on 40+ exchanges around the world.

If you open an online trading account with Saxo Capital Markets, you can trade global stocks, ETFs, bonds, forex, CFDs and more. Saxo Capital Markets offers access to shares on the ASX, the NASDAQ and the NYSE in the US, as well as a wide range of exchanges across Asia and Europe. However, be aware that brokerage fees apply.

  • Brokerage fee: $9.90 for US stocks
  • Inactivity fee: $0
  • Products: Global stocks, forex, CFDs, stock options
  • Access: Full-service broker, desktop platform

EasyEquities

5. EasyEquities

EasyEquities is a South African trading app that lets you create a USD account (in addition to your ZAR account) and gives you access to various trading instruments in the US.

Users can trade hundreds of stocks and ETFs listed on the NYSE and NASDAQ on their mobile or desktop. Unlike Robinhood, it doesn’t allow trading with leverage but users do have access to other assets such as forex or cryptocurrency. The platform has no monthly fees and no minimum deposit amounts.

  • Brokerage fee: EasyEquities charges a 0.56% per buy/sell option for its USD accounts. There’s also a bank charge per money transfer, as you have to move money from your ZAR account to your USD account to be able to invest.
  • Inactivity fee: R0
  • Products: US shares, ETFs
  • Access: Desktop or mobile

6.Interactive Brokers

Enjoy low brokerage fees on international shares on a platform that is better suited to experienced traders than beginners.

Interactive Brokers is a US-based online trading platform that offers access to a huge range of global markets. You can trade everything from stocks and ETFs to forex and metals, with access to the ASX, NASDAQ, NYSE, London Stock Exchange and more. Brokerage fees are low, but the fee structure is complex and the advanced features of this platform are better suited to experienced traders.

  • Brokerage fee: From $0.0035 per share (capped at 1% of trade value) for US stocks
  • Inactivity fee: $10 per month
  • Products: Global stocks, options, futures, forex, currencies, commodities, bonds, ETFs, mutual funds
  • Access: Online only

Compare share trading platforms

Looking for something else? Compare a range of other share trading platforms in the table below.

1 - 8 of 8
Updated regularly
Name Product Number of Stocks CFDs Shares Markets
AvaTrade
AvaTrade
Access to global markets
Yes
No
Worldwide with exception.
CFD Service. Your capital is at risk.
Trade over 1,200 instruments online with Avatrade, including stocks, cryptocurrencies, forex, commodities and indices. The minimum deposit with Avatrade is US$100.
Go to site
Plus500
Plus500
2,000+
Yes
No
Worldwide with exception.
CFD Service. Your capital is at risk.
Trade over 2,500 financial instruments with one of the largest CFD providers in the world.
Go to site
More Info
Zacks Trade
Zacks Trade
Access to global markets
No
Yes
US, CA, MX, AT, BG, FR, DE, IT, NL, ES, NO, SE, SW, UK, HK, JP, SG, RU, AU
Trade stocks, bonds, ETFs, options, and more on 90+ international exchanges. Offers customizable trading platforms with over 120 technical indicators for your charting needs.
Go to site
More Info
Eightcap
Eightcap
Access to global markets
Yes
No
UK, DE, AU
CFD Service. Your capital is at risk.
Trade a wide variety of instruments on the award-winning MT4/5 platforms with this Australia-based CFD and forex broker.
Go to site
Firstrade
Firstrade
Access to US stocks
No
Yes
US
CFD Service. Your capital is at risk.
Enjoy $0 commission trading for stocks, options, funds, and more with this internationally-acclaimed discount broker.
Go to site
CM Trading
CM Trading
N/A
Yes
No
US, FR, DE, UK, AU, ZA, CH. HK, JP, ES, NL, IT
CFD Service. Your capital is at risk.
Licensed international brokerage and CFD provider that offers advanced trading solutions designed for both new and experienced traders alike.
Exness
Exness
N/A
Yes
No
CH, VN, TH, PH, SG, ID, IN, UAE, ZA, SA, EG, BR, CR, MX
CFD Service. Your capital is at risk.
Enjoy fast trade executions at competitive fees with this award-winning retail forex broker.
Interactive Brokers
Interactive Brokers
Access to global markets
No
Yes
US, MX, RU, ES, UK, DE, IL, HK, SG, IN, KR, AU, CH, HU, CA
CFD Service. Your capital is 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.
More Info
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How do WeBull’s fees compare?

There is no minimum investment required to open a WeBull account. There are also minimal fees when using the platform:

  • Trading fee: $0
  • Annual fee: 0%
  • Option trade fee: $0
  • ACH deposit from US bank account: $0
  • ACH withdrawal to US bank account: $0

However, fees do apply in some circumstances:

  • Deposit via wire transfer from US bank account: $8
  • Withdrawal via wire transfer to US bank account: $25
  • Deposit via wire transfer from international bank account: $12.50
  • Withdrawal via wire transfer to US bank account: $45

Fees also apply when you transfer stocks from WeBull, while margin traders must also be aware of the interest rate that applies to their loan.

Important information: Powered by finder.com. This information is general in nature and is no substitute for professional advice. It does not take into account your personal situation. 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 most investors. You do not own or have any interest in the underlying asset. Capital is at risk, including the risk of losing more than the amount originally put in, market volatility and liquidity risks. Past performance is no guarantee of future results. Tax on profits may apply. Consider your own circumstances, including whether you can afford to take the high risk of losing your money and possess the relevant experience and knowledge. We recommend that you obtain independent advice from a suitably licensed financial advisor before making any trades.

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