{"buttonLabel":"Learn More","productCollection":"online_brokerages","productId":"25","productLink":"https:\/\/www.webull.com.sg\/i\/ValueChampionSG","productName":"Webull Online Brokerage"}
{"buttonLabel":"Learn More","productCollection":"online_brokerages","productId":"25","productImage":"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/v1687257814\/webull_logo_2.png","productLink":"https:\/\/www.webull.com.sg\/i\/ValueChampionSG","productName":"Webull Online Brokerage"}

Webull Online Brokerage Review: Lowest Fees On the Market?

Webull has some of the lowest trading fees currently available, making it suitable for those who are just getting started with investing or those with a small investment budget.

Webull Online Brokerage Review: Lowest Fees On the Market?

Webull has some of the lowest trading fees currently available, making it suitable for those who are just getting started with investing or those with a small investment budget.


ValueChampion Rating ValueChampion Icon


  • No commission and no management fees for US stocks and ETFs (terms and conditions apply)
  • Supports fractional trading for US stocks
  • Allows you to earn interest on your idle cash
  • Allows you to automate your investing


  • Provides access to US, HK and CN markets only; does not trade SG stocks
  • Low fees to trade are valid during the promotional period and are subject to change
  • Limited investment features
Valuechampion mailing list
Summary of Webull Online Brokerage
Low commission fees and no platform fees
Supports fractional trading of US stocks and ETFs
Earn competitive interest on idle cash in your margin account
Allows you to automate your investing for convenience

Table of Contents

What Makes Webull Stand Out to Investors

Webull is a good option for investors who are just getting started out in their investing journey as the brokerage platform offers little to no fees to trade stocks and ETFs. The commission and platform fees for Webull are amongst the lowest currently on the market. With zero commissions on trading in US markets as well as zero platform fees for trading in all US, HK and CN markets, it is hard to find other brokerages in the market that can beat these current rates.

MarketFee TypeCharges
US Stocks and Exchange Traded Funds (ETFs)CommissionUSD0*
Platform feeUSD0
HK Stocks and Exchange Traded Funds (ETFs)Commission0.03% of total trade amount (min. HKD12)
Platform feeHKD0
China A-Shares Stocks and ETFsCommission0.02% of total trade amount (min. CNH12 per trade)
Platform feeCNH0
Note: Zero commission for US stocks and ETF is a promotional rate and is valid till 30/09/2023

There is, however, a caveat to Webull’s fee structure. Webull’s zero commission structure for US stocks and ETF is only for the current promotional period and is subject to change. While unclear if or when the brokerage will raise its fees, it is important to stay up to date with any changes in Webull’s fee policies as it is not unreasonable to think that Webull may introduce some trading fees later down the road.

Another limitation of Webull is that it currently does not offer trading of SG stocks and ETFs. If you are an investor who is primarily interested in investing in the Singapore market. Webull would not be the right brokerage platform for you.

That being said, Webull has competitively priced fees for their available markets compared to other brokers. This is mainly because Webull does not currently charge any platform fees.

Despite similar commission rates as other discount brokers, the overall cost to buy and sell stocks on Webull is currently lower after factoring in Webull’s zero platform fees, making it enticing to those who are investing small amounts and need to minimise their fees so as to not eat into their profit margins.

WeBullTiger Brokersmoomoo
US MarketCommissionUSD0USD0.005 per share

Min. USD0.99 per order

Max. 0.5% * of trade value per order
Platform FeeUSD0USD0.005 per share

Min. USD1 per order

Max. 0.5% of trade value per order
USD0.99 per order
HK MarketCommission0.03% of trade amount

Min HKD12
0.03% of trade value

Min HKD7 per order
0.03% of Trade Value

Max HKD3
Platform FeeHKD00.03% of trade value

Min HKD8 per order
HKD15 per Order
China MarketCommission0.02% of trade value

Min CNH12 per trade
0.03% of trade value

Min CNH7 per order
0.03% of trade value

Min CNH3 per order
Platform FeeHDK00.03% * of trade value

Min CNH8 per order
CNH15 per order

Trading Fractional Shares

On top of Webull’s low fees, what makes Webull particularly beginner-friendly is that the platform supports fractional shares. You are able to trade US stocks in as small a denomination as 0.01 shares or US$5. Hence, if you are just starting out in your investing journey and do not have a large pool of funds to invest, this is a great tool for you to gain exposure to markets on a smaller budget.

Earn Interest On Your Idle Cash

Webull’s “Moneybull” feature allows you to earn interest on your idle cash balances in your brokerage account so that you are not losing out on potential gains while you wait on the next suitable trade. You are able to earn up to 4.52%* 7-day yield p.a. on both your SGD and USD cash balances.

Do note that the Moneybull feature is specifically designed for margin trading accounts where your idle cash is automatically invested into low-risk cash funds. Hence, the interest you earn is not guaranteed. It is subject to the performance of the underlying cash funds, which means that you will be exposed to a low level of investment risk.

That being said, the minimum account balance to earn interest on your idle cash is significantly lower than other competitor online brokerages like Interactive Brokers, which require thousands in cash balances to earn interest. With Webull’s Moneybull, the minimum amount of idle cash required to start earning interest is only S$1 or US$1.

  • Rates advertised are based on the 7-day yield p.a. as of 13 March 2023 and are not indicative of future performance. See website for more information.

Webull’s Regular Savings Plan

Webull also offers a service called the Regular Savings Plan. It is an automated service that buys US stocks, ETFs and mutual funds as per your predetermined amount and frequency with the goal to make dollar-cost averaging into your favourite stocks effortless for you.

The regular savings is similar to robo-advisors in their ease of use as everything is automated. This means that there is no work required on your part to buy into your favourite stocks, ETFs and mutual funds. However, unlike robo-advisors, there is no financial advisory taking place. You are in full control of what stocks are being bought and the frequency (weekly, bi-weekly or monthly) that they are being bought at.

Thus, the Regular Savings Plan is a good tool for those who want to automate their investment while still maintaining a hands-on approach to what exactly they are investing in.

Webull Investor Eligibility & Sign-Up Requirements

Consider this if you prioritise being able to trade US, HK and CN stocks for little to no commission and platform fees

To sign up for a Webull account, users just have to download the mobile application or go onto their website and proceed with opening an account. Singapore citizens, PRs, and passholders can sign in using their Singpass accounts, with no additional documents required.

Non-Singpass users will need to prepare the following documents to complete the in-app application process: Identity document or Passport Proof of residential address Tax residency and tax identification number (if any).

You can fund your account via Electronic Direct Debit Authorisation (eDDA), Fast and Secure Transfers (FAST) and Telegraphic Transfer (TT) to start trading today.

Valuechampion telegram

Read More

Enya Rodrigues

Enya is a budding Research Analyst at ValueChampion. She has a BA in Economics from the University of Melbourne and has previously worked in the banking sector. Enya combines her experience and passion for personal finance to bring digestible and enriching financial content to readers.