Webull Singapore

Quick overview of Webull Singapore

• Webull is an online brokerage that lets you invest in US, SG, HK, and China-A stocks with low fees and an intuitive trading platform. It also offers access to US options, SG REITs, mutual funds, bonds, and more.
• For US stocks, Webull currently offers a highly competitive promotional commission plan of US$0.90 per order. Outside of this promotion, the standard commission is 0.025% of the total trade amount during regular hours (min. US$0.50) and 0.03% during overnight hours (min. US$0.89). Webull does not charge any platform fee for US stocks.
• For SG stocks, the platform currently offers 0% commission for 1 year as part of a promotion. It normally charges 0.025% of the total trade amount (min. S$0.80) for both the commission and platform fee.
• Webull Singapore is licensed by the Monetary Authority of Singapore (MAS), which means it's regulated for safety and investor protection.

What is Webull?

Webull is a tech-driven, low-cost brokerage platform originally founded in the United States. It has since expanded to Singapore and other markets, offering competitive fees with a sleek mobile-first experience.

Webull Singapore is regulated by the MAS and holds a Capital Markets Services (CMS) licence, giving users peace of mind.

Products offered include stocks, ETFs, options, mutual funds, bonds, and American Depositary Receipts (ADRs) for US markets. Fees are generally low, and new users can enjoy commission waivers on SG stocks and platform fee waivers for US and HK trades.

Investment products offered

Webull offers trading access to the US, Hong Kong, Singapore, and China-A markets with a focus on stocks, ETFs, options, ADRs, mutual funds and bonds and options. It is particularly strong in US markets, with thousands of equities, ETFs, and options available.

While its US counterpart offers crypto, this feature is not yet available in Singapore. Webull does not provide access to forex or futures either, so if you’re looking to diversify into those asset classes, you’ll need another platform.

Still, for equity-focused investors, Webull’s product depth is more than sufficient. One of its best features is that it allows you to purchase fractional shares for US stocks, starting from just US$5, which is rare in Singapore.

Trading platforms available

Webull is available on both desktop and mobile platforms. The Webull mobile app is especially popular for its clean interface, charting tools, and ease of navigation. It’s ideal for users who want to trade or monitor the markets on the go.

The desktop version is more robust, offering technical analysis features, watchlists, and customisable dashboards. Both platforms support paper trading, so you can practise with virtual money before putting real funds at risk.

Why choose Webull?

1. Very low fees

Webull stands out for its low-cost structure. There are no account opening or maintenance fees.

For US stocks, commission fees are just 0.025% (min. US$0.50) and zero platform fees. Currently, Webull offers a highly competitive promotional commission plan of US$0.90 per order. Investors and traders can choose the commission plan that suits their trading goals and save on trading costs. 

For SG stocks, there’s a 0% commission promotion for the first year, although exchange fees may still apply. Afterwards, commission and platform fees are just 0.025% (min. S$0.80) each.

US options trading is priced at US$0.55 per contract with no platform fee. There are also no withdrawal and inactivity fees. With zero platform fees and low commissions, Webull offers value to a wide range of investors and traders – from new investors to high-volume traders. The savings in trading costs add up to be quite substantial.

2. Safe and well-regulated

Webull Singapore is licensed by the Monetary Authority of Singapore (MAS) under the Capital Markets Services (CMS) licence, in accordance with the Securities and Futures Act (SFA), ensuring it meets strict regulatory standards. Globally, Webull is also regulated by the US SEC and FINRA. It participates in the SIPC scheme in the US, which protects up to US$250,000 in cash and securities.

While Singapore does not offer a formal investor protection scheme like the US SIPC, MAS regulations require client funds and securities to be held in segregated custodian accounts. This ensures that your investments are kept separate from the broker’s own assets, offering a strong layer of protection.

On the user side, safety features like 2FA and biometric login offer further peace of mind. Despite being relatively new, Webull’s strong regulatory backing makes it a safe choice for investors.

3. Options trading function

Webull supports trading of US-listed options, giving investors access to more advanced strategies like buying and selling calls and puts. The platform interface simplifies the process with clear layouts and educational prompts, although it doesn’t offer in-depth training.

Each contract costs US$0.55, which is competitive in Singapore’s landscape. This function is great for investors looking to hedge or speculate, but beginners should tread carefully as options involve higher risk.

4. Fractional trading function

Fractional trading allows users to buy a portion of a US stock for as little as US$5. This is especially useful if you're eyeing high-priced stocks like Amazon or Tesla but don’t want to commit to a full share. You’ll still receive dividends proportionate to your holding. While this feature is only available for US equities, it opens the door for more people in Singapore to start investing without needing a large initial capital.

Where Webull could do better

1. Limited market choices

Webull doesn’t currently support access to the London Stock Exchange, Tokyo Stock Exchange, or other major global markets outside the US, SG, HK, and China-A. There are also no forex or commodities available.

This can be limiting for more experienced investors looking to diversify across asset classes or regions. Adding these markets would enhance its appeal to seasoned traders.

2. Lack of analysis tools

While Webull does offer basic charts and real-time market data, its analysis tools are relatively limited. There are no in-depth research reports.

Users who rely heavily on fundamental analysis might find themselves needing to use external sites like Yahoo Finance or Morningstar in parallel.

Webull platform & commission fees

How safe is Webull?

Webull is considered relatively safe. The company is regulated by the MAS under the Capital Markets Services licence. This licence means Webull must comply with stringent requirements around client asset segregation, financial reporting, operational risk management, and fair dealing practices. It also means client funds and securities are held in segregated custodian accounts, separate from the company’s own assets, reducing the risk of loss if the company fails.

In the US, Webull is regulated by the Securities and Exchange Commission (SEC) and FINRA, two of the most reputable financial regulators in the world. Webull is also a member of the Securities Investor Protection Corporation (SIPC), which offers up to US$250,000 in protection.

While Webull is a younger player in the brokerage space, it has established a reputation in key markets like the US and Singapore. Security features like 2FA, encrypted data storage, and biometric login enhance user protection.

Together, these layers of regulation ensure that Webull is subject to strict oversight, maintains a strong internal control structure, and implements robust security features (like two-factor authentication and encrypted data). While no investment platform is 100% risk-free, Webull’s compliance with regulatory frameworks in both Singapore and the US makes it a trustworthy option for most retail investors.

Webull customer support

Webull offers support through both online and phone channels. Online support includes live chat and email. Customer support (online and phone) is available 24 hours on trading days. Responses are prompt and professional.

You can also get help via Webull’s Learning Centre, Webull feeds (their social forum), and discussion boards where users share market insights. Features like a demo (paper trading) account are also available, making it easier to practise strategies before risking real funds.

Overall, Webull's customer service is well-suited to digital-savvy users, but those looking for branch support or in-person help might find it lacking.

Webull vs Moomoo Singapore vs Tiger Brokers: Which has the lowest fees?

When it comes to trading fees, Webull, Moomoo, and Tiger Brokers all offer competitive pricing, especially for US stocks. However, Webull currently has the edge due to its promotional 0% commission on SG stocks and 0 platform fee on US and HK trades.

Step-by-step guide to opening a Webull account in Singapore

Step 1: Apply through SingSaver

Click the “Apply Now” button on SingSaver to start your application. You’ll not only get exclusive SingSaver welcome gifts, but you may also be eligible for cash rewards, gadgets, or vouchers when you meet the funding requirements.

Step 2: Register for a new Webull account

After being redirected to Webull, download the Webull app or proceed with online registration. Submit your NRIC, proof of address, or employment details if necessary. The process is paperless and can be completed in under 10 minutes using Singpass.

Step 3: Fund your Webull account

Once your account is approved, fund it via bank transfer or telegraphic transfer in USD. Note that there are no Webull charges for deposits, but your bank may charge international transfer fees. You'll need to fund at least S$2,750 to qualify for most sign-up rewards.

To fund your Webull Singapore account, you can use eDDA or FAST transfers in SGD, both of which are instant (5–10 minutes) and fee-free on Webull’s side. For USD funding, you can use telegraphic transfers (TT) or third-party platforms like Wise or Revolut, though bank or service provider fees may apply. Webull does not charge deposit fees, but all transfers must come from an account under your name.