Compare the Best Webull Online Investment Brokerages in Singapore 2023

Choose from MoneySmart's curated list of best brokerages in Singapore and learn how to maximise returns by investing. With rising inflation, protect your wealth by investing in assets that outpace the rate of inflation. Read More
We found 22 Webull Online Brokerages for you!
Sponsored
Webull logo

Min. Funding

S$0

Min. Funding
Online Promo
No commission
Min. Commission Fee for US Stocks
USD0*
Min. Commission Fee for HK Stocks
HKD0*
Min. Funding
S$0
Online Promo:
Trade with 0 commissions & get up to USD150 trading voucher!*
Invite 1 friend to get USD188 worth of AAPL Fractional Shares and subsequently USD80 worth of AAPL Fractional Shares up to 10 referrals!*
That's not all! There is a bonus reward of 1 AAPL Share when you complete 3 referrals*
Valid until 31 Jan 2023 - See more details below
Apply Now
Saxo logo

Min. Funding

S$0

Min. Funding
Flexible pricing plans
Min. Commission Fee US Stocks
US$1
Min. Commission Fee SG Stocks
S$1
Min. Funding
S$0
Apply Now
moomoo (by FUTU) logo

Min. Funding

$0

Min. Funding
Online Promo
Low commission fees
Min. Commission Fee US Stocks
US$0
Min. Commission Fee SG Stocks
S$0.99
Min. Funding
$0
Online Promo:
Receive up to S$220 worth of rewards when you invest with Moomoo. 
Valid until 28 Feb 2023 - See more details below
Apply Now
Tiger Brokers logo

Min. Funding

$0

Min. Funding
MoneySmart Exclusive
Min. Commission Fee US Stocks
US$1*
Min. Commission Fee SG Stocks
0.03% of Trade Value*
Min. Funding
$0
Get a S$20 Stock Voucher when you sign up through MoneySmart!
PLUS receive up to 1 GoPro Share, 5 commission free trades*, 0,88HP Inc fractional shares, 1 sure-win draw attempt (up to SGD$320), and 1 Apple share when you choose Tiger Brokers! T&Cs apply.
Valid until 28 Feb 2023 - See more details below
Apply Now
Syfe logo

Min. Funding

US$0

Min. Funding
Online Promo
No hidden fees
Min. Commission Fee for US Stocks
US$0
Min. Commission Fee for SG Stocks
N/A
Min. Funding
US$0
Online Promo:
Earn over S$200 cash credit to buy any stock of choice
New MoneySmart users to Syfe Trade will earn additional S$10 with MSTRADE. PLUS enjoy unlimited free trades for US stocks.
Valid until 31 Mar 2023 - See more details below
Apply Now
Interactive Brokers logo

Min. Funding

$0

Min. Funding
Min. Commission Fee US Stocks
US$1
Min. Commission Fee SG Stocks
$2.50
Min. Funding
$0
Apply Now
CSG-CIMB Securities logo

Min. Funding

S$0

Min. Funding
Online Promo
No minimum commission
Min. Commission Fee for US Stocks
USD5
Min. Commission Fee for SG Stocks
0.06%
Min. Funding
S$0
Online Promo:
Receive $100* cashback when you open an account with CGS-CIMB ProsperUs!
Valid until 31 Mar 2023 - See more details below
Apply Now
CMC logo

Min. Funding

S$0

Min. Funding
Min. Commission Fee US Stocks
US$10
Min. Commission Fee SG Stocks
S$10
Min. Funding
S$0
Apply Now
PhillipCapital logo

Min. Funding

S$0

Min. Funding
Online Promo
Min. Commission Fee for US Stocks
US$0
Min. Commission Fee for SG Stocks
S$0
Min. Funding
S$0
Online Promo:
Receive S$128 when you open a trading account and fund a minimum of S$3,000!
Valid until 28 Feb 2023 - See more details below
Apply Now
IG logo

Min. Funding

S$0

Min. Funding
Online Promo
Min. Commission Fee US Stocks
US$10
Min. Commission Fee SG Stocks
S$10
Min. Funding
S$0
Online Promo:
Enjoy a bonus S$168* when you open a new account with IG, and receive up to 100,000 KrisFlyer miles when you trade Forex with IG.
Valid until 28 Feb 2023 - See more details below
Apply Now
PhillipCapital logo

Min. Funding

S$0

Min. Funding
Online Promo
Min. Commission Fee for US Stocks
0.01% (min. USD5)
Min. Commission Fee for SG Stocks
0.08% (no min.)
Min. Funding
S$0
Online Promo:
Receive S$128 when you open a trading account and fund a minimum of S$3,000!
Valid until 28 Feb 2023 - See more details below
Apply Now
Saxo logo

Min. Funding

S$2,000

Min. Funding
Managed by experts & cost effective
Withdrawal Costs
S$0
Min. monthly contribution
S$100
Min. Funding
S$2,000
Apply Now
City Index logo

Min. Funding

S$150

Min. Funding
Online Promo
Min. Commission Fee US Stocks
US$8
Min. Commission Fee SG Stocks
S$10
Min. Funding
S$150
Online Promo:
Hop into a new year of trading with a S$3,888 bonus*!

Valid until 12 Feb 2023 - See more details below
Apply Now
CSG-CIMB Securities logo

Min. Funding

S$0

Min. Funding
Min. Commission Fee for US Stocks
US$20
Min. Commission Fee for SG Stocks
S$25
Min. Funding
S$0
Apply Now
PhillipCapital logo

Min. Funding

$0

Min. Funding
Min. Commission Fee US Stocks
US$3.88
Min. Commission Fee SG Stocks
0.08% (no min.)
Min. Funding
$0
Read More
TD Ameritrade logo

Min. Funding

US$3,500

Min. Funding
Commission Fee US Stocks
US$0
Options Commission Fee Per Trade
US$ 0.70
Min. Funding
US$3,500
Read More
uSMART Securities logo

Min. Funding

S$0

Min. Funding
No minimum commission
Min. Commission Fee for US Stocks
From USD0.50
Min. Commission Fee for SG Stocks
S$0
Min. Funding
S$0
Read More
Plus500 logo

Min. Funding

S$200

Min. Funding
Min. Commission Fee US Stocks
US$1
Min. Commission Fee SG Stocks
S$1
Min. Funding
S$200
Read More
OCBC logo

Min. Funding

S$0

Min. Funding
Min. Commission Fee US Stocks
US$20
Min. Commission Fee SG Stocks
S$25
Min. Funding
S$0
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Maybank logo

Min. Funding

S$0

Min. Funding
Min. Commission Fee for US Stocks
USD20
Min. Commission Fee for SG Stocks
0.275%
Min. Funding
S$0
Read More

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Webull Singapore

Looking to invest in stocks in Singapore? If you're a beginner or a seasoned trader considering ETFs, options, US stocks or mutual funds, you may want to get the ball rolling via our list of best online brokerages available in Singapore.

What is Webull?

Webull, also known as Webull Securities (Singapore) Pte. Ltd., is an award-winning digital brokerage which is rather popular in the US, and it’s also a partner of the NASDAQ stock exchange.

Who is Webull best for?

If you’re keen on trading US and HK stocks, especially in fractional shares, or options trading, consider taking advantage of Webull’s sign up promo and bonus rewards.

Key features

Enjoy access to trade US and HK stocks in fractional shares with zero commission fee, plus there’s no minimum requirements, no limits on commission-free trades, and no platform fees. In addition, you can benefit from Webull’s interest rates of as low as 0%* for USD and HKD margin trading. *Terms and Conditions apply. For detailed terms and conditions and full disclaimer, please refer to Webull’s website at https://www.webull.com.sg/.

Why Consider Webull?

Zero commission and platform fees

There’s unlimited commission-free stock trading for US and HK markets with a cash or margin account, and there’s no limited duration for this promotion unlike many other brokerages which have a limited time sign up offer for their zero commission benefit.

Fractional trading

Webull lets you own a fractional share of your preferred US or HK stock for as little as US$5, with no fees or commissions, but of course there are terms and conditions that apply. Note that some assets like cryptocurrency, forex and bonds are not available at the moment. If you’re looking to invest in other products, you can check out more online brokerages listed on MoneySmart.

Cryptocurrency trading

However, if you happen to be a New York state resident, you’ll be entitled to access trading of cryptocurrency via Webull’s platform. You can trade a wide variety of cryptocurrencies including Bitcoin(BTCUSD), Litecoin (LTCUSD), Ethereum (ETHUSD), Bitcoin Cash (BCHUSD), Aave(AAVEUSD), Basic Attention Token (BATUSD), Chainlink (LINKUSD), Synthetix(SNXUSD), and BNTUSD (BNTUSD).

Bonus options trading features

As options trading is more risky and requires speculation, it is more suitable for experienced investors and Webull’s real-time data including Options Price Reporting Authority (OPRA) and Cboe Global Indices Feed (CGIF), and multiple order types (LIMIT, MARKET, STOP, STOP LIMIT) will appeal to those who are into options trading. What’s more, there’s no minimum deposit required and there are no contract fees, commission fees, assignment fees, and exercise fees.

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Webull Singapore Platform and Commission Fees

Commission Fee

Platform Fee

Withdrawal Fee

Other Fees

None

None

Webull does not charge any withdrawal fees only for SGD withdrawals to receiving banks within Singapore. As for USD and HKD withdrawals, there will be a handling fee of SGD20 charged by the remitting bank.

Webull does not charge any membership fees or settlement fees.

Types of Webull Accounts

There are two types of accounts on Webull Singapore — cash account and margin account.

Cash account

Unlike the margin account, you’ve got to pay the full amount for the stocks or other assets that you’ve bought with your cash, and the number of trades you can buy will naturally be limited to how much you have in your cash account. Similar to many online brokerages in Singapore, the minimum age requirement is 18 years old to open this account.

Margin account

Webull’s margin account lets you finance your trades using leverage which basically means borrowing money from Webull Singapore to purchase additional securities and it involves interest payments. There’s a net account value range that starts from $0 to more than $25,000 for a margin account, so your net account value will determine how many times you can do a day trade or overnight trade, and whether you can carry out short selling or not.

How To Open A Webull Account In Singapore

Step 1

Apply through us

To apply via MoneySmart, all you have to do is scroll up to the top of this page and click on "Apply Now", before you’ll be directed to Webull Singapore's online application page.

Step 2

Register for a Webull account

Once you’re there, click on the “Get started” button to register for a Webull account and you’ll receive 1-month Level 2 US Market Data (Nasdaq TotalView) subscription, provided that you’ve fulfilled a minimum trade value of USD100 for US or HK stocks and ETFs trades.

Frequently Asked Questions

What are the fees that Webull charges?

Webull does not charge any commission, platform, membership and settlement fees. As for withdrawal fees, Webull does not charge any withdrawal fees only for SGD withdrawals to receiving banks within Singapore, but for USD and HKD withdrawals, there will be a handling fee of SGD20 charged by the remitting bank.

How do I open a Webull account?

You can open an account with Webull in 4 simple steps.

  • 1. Apply via MoneySmart’s page and click on "Apply Now", and you’ll be directed to Webull Singapore's online application page.
  • 2. Select the “Get started” button to register for a Webull account.
  • 3. Fund your Webull account with an initial funding of at least SGD2,000 and maintain this amount in your account.
  • 4. Begin trading with your Webull account and earn bonus rewards.

Am I eligible to open an account with Webull if I’m not a Singaporean?

Yes. However, due to Webull’s regulatory restrictions, its cryptocurrency trading products are only available to New York state residents and not available to Singapore citizens and residents.

Must I own a Singapore SGD bank account before I can trade via Webull?

No, you do not need to own a Singapore SGD bank account in order to trade via Webull’s platform as you may do an international wire transfer. Do note that there may be international wire transfer fees as Webull’s clearing firm charges $12.50 for each deposit. You may be subject to pay extra fees according to the policy of your remitting bank and the intermediary bank.

What is fractional trading?

In fractional trading, you’ll be able to own a fraction of a share, so you can invest in your preferred company regardless of its share price. Thus, you have the choice to either invest in less than a whole unit of a share of your preferred company or a whole number of shares.

Will I be able to transfer shares from another brokerage to Webull and vice versa?

Yes. Currently, this feature is available on Webull only for transfers from/to brokerages who support ACATS (Automated Customer Account Transfer Service) transfers, such as Robinhood, Fidelity, Charles Schwab, TD Ameritrade, Scottrade, E*trade, Interactive Brokers, Merrill Lynch, Vanguard, Firstrade, and SogoTrade. It will take about 7 working days to transfer from other brokers to your Webull account.

Is it safe to invest via Webull’s platform?

Yes, it is relatively safe as Webull is licensed by the Monetary Authority of Singapore (MAS), and Webull is a partner of the globally renowned NASDAQ stock exchange.

Can I do margin trading using my Webull account?

Yes. However, there’s a net account value range that starts from $0 to more than $25,000 for a margin account, so your net account value will determine how many times you can do a day trade or overnight trade, and whether you can carry out short selling or not.

What type of account will my funds in Webull be kept in?

All Webull accounts holders’ securities are kept in either a cash or margin account.

Do I need to have a CDP account to trade using Webull?

No. No separate brokerage or CDP account is required.

Are options available on Webull?

Yes, Webull’s bonus options trading features include real-time data such as those on Options Price Reporting Authority (OPRA) and Cboe Streaming Market Indices (CSMI), and multiple order types (LIMIT, MARKET, STOP, STOP LIMIT). What’s more, there’s no minimum deposit required and there are no contract fees, commission fees, assignment fees, and exercise fees.