Webull Singapore Review: Free Stock Promotion, Pros and Cons

Webull is a new online stock broker in Singapore that allows investors and traders to access the stock market in US and Hong Kong. It is regulated by the Monetary Authority of Singapore (MAS).

Webull offers zero platform fee for US stocks, exchange traded funds (ETFs) and Options. This certainly stands out among the popular Singapore online brokers such as moomoo, Tiger Brokers, and even ThinkOrSwim (TD Ameritrade), which makes me wonder how sustainable it is for the long run. More to this in the later part.

Webull Promotion — Free Stock Bonus

In order to compete with other Singapore online brokers, Webull is currently offering USD 100 worth of Apple (AAPL) fractional shares when you open a Webull account. Click the link below and follow the 3 steps as shown to qualify for the Apple free stock promotion by Webull.

→ https://a.webull.com.sg/i/offer

As the promotion by Webull Singapore changes from time to time, please check out the link above to find out the latest promotion.

New Webull Commissions Charges (Updated on 1 March 2023)

The following charges by Webull Securities (Singapore) will be revised and scheduled to take effect from 3 April 2023 onwards.

Please refer to the table below for the changes to the respective commissions:

• New Charges will be effective for trades done from 3 April 2023 onwards.

It is important to note the changes in the commissions charges for Webull Singapore. Webull is no longer a zero commission broker.

The Cheapest Online Broker Singapore: Webull or moomoo or thinkorswim or Tiger Brokers?

In terms of the fee structure, Webull charge low commission and zero platform fee for US stocks, ETF and even the options and also in the Hong Kong market.

You might be wondering how Webull survive without charging. I am curious too so I dig out more information from its website (US version). It spells out clearly that Webull makes money via stock loans, interest on the deposit balances…