Choosing the right brokerage platform involves more than just comparing fees. Market access, trading tools, platform functionality, and account features can all impact the investing experience.
Webull Singapore is a MAS-licensed broker-dealer offering $0 commission and $0 platform fee trading on US stocks and ETFs, fractional shares from USD 1, automated investing through its Regular Savings Plan (RSP), and access to advanced trading tools. This guide covers Webull Singapore's fees, platform features, account setup process, and trading capabilities.
Is Webull Singapore regulated and how are client funds protected?
Webull Singapore operates under the regulatory framework of the Monetary Authority of Singapore (MAS), Singapore's central financial regulator to ensure robust retail investor protection, secure custody of assets, and transparent operational processing.
Your Account is Protected
Licensed by MAS
Webull Securities (Singapore) Pte Ltd is a broker-dealer licensed by the Monetary Authority of Singapore, (License No. CMS101150).
Retail investor funds are systematically segregated from operational accounts. Client monies are placed into dedicated trust accounts maintained with specified financial institutions, such as DBS Bank Limited, serving as the custodian bank under the Banking Act 1970. This operational structure prevents any form of asset co-mingling or corporate right of set-off against customer deposits, securing capital safety independent of the brokerage entity's financial position.
Scenario-Action Framework
Scenario: A user wants to verify the regulatory compliance and holding structure of their deposited cash assets within the application interface.
Action: Open the mobile application, navigate to the account details page via the central logo button, and access the legal disclosures section to view the specific trust custody frameworks and MAS license information.
What are Webull's fees for US stocks and options?
Trading execution parameters for the United States markets are optimized to remove cost friction, offering direct cost advantages across various equity and derivative instruments.
The platform provides a highly clear cost structure for global market access:
US Stocks & ETFs: Unlimited Free Trading for US Stocks & ETFs. $0 Platform fees, $0 Commissions. No conditions.
Singapore Stocks & ETFs: New users enjoy 1 year of commission-free trading on SG stocks and ETFs, helping to lower initial costs in local equities.
US Options Trading: $0 platform fee, accompanied by a US$0.55 per contract commission fee
Separately, regulators such as the SEC and FINRA charge their own pass-through fees on sell trades. For example, FINRA's Trading Activity Fee is USD 0.000195 per share sold, subject to minimum and maximum caps. These are not Webull fees and apply industry-wide.
Scenario-Action Framework
Scenario: An investor intends to calculate the capital outlay required to execute a high-volume buy order for a US-listed exchange-traded fund.
Action: Input the desired order volume in the order entry panel, verify that the commission and platform fee rows display zero values, and confirm the trade execution knowing no brokerage costs apply.
What is the Webull App and Desktop interface like?
The ecosystem is engineered around an optimized digital architecture, available exclusively across native mobile applications and dedicated desktop terminal installations.
The application suite focuses engineering resources entirely on native software optimization. The mobile application delivers an agile, touch-responsive platform for account monitoring, multi-exchange watchlists, and instant order placement.
The desktop software application expands this framework into a customizable multi-screen terminal workspace. Users can arrange modular widgets, link analytical charts to specific watchlist rows, and build an advanced workspace matching their daily research habits. The interface includes extensive charting tools, featuring over 60 technical indicators and 17 distinct drawing tools to assist with trend analysis.
Scenario-Action Framework
Scenario: A trader needs to construct an automated multi-chart workspace tracking several market sectors simultaneously on a desktop terminal.
Action: Launch the desktop terminal, open a blank custom layout, drag and drop four independent charting widgets into a grid formation, assign distinct sector indicators to each panel, and save the layout configuration for recurring access.
What order types does Webull support for US markets?
The order-routing infrastructure supports multiple advanced order variants designed to manage execution prices, control downside risk, and capture short-term market movements.
The execution engine provides precise control over trade boundaries via the following order configurations:
Simple Order: Limit If Touched, Market If Touched and Trailing Stop Limit
Group Order: Limit + Take Profit/Stop Loss Order, Market + Take Profit/Stop Loss Order, One-Triggers-the-Other (OTO), One-Cancels-All (OCA) and One-Triggers-One-Cancels-All (OTOCA)
Limit Order: Executes buy or sell instructions at a specific pre-determined price or better, protecting the trader from adverse market gaps.
Market Order: Prioritizes immediate execution speed over price control, matching orders instantly against the prevailing best bid or offer.
Stop Order: Automatically triggers a standard market order once a user-defined stop price is breached, commonly used to limit capital exposure.
Stop-Limit Order: Becomes an active limit order when the specified stop trigger price is reached, allowing the investor to establish a strict price ceiling or floor for execution.
Trailing Stop Order: Adjusts the trigger price dynamically based on a fixed dollar amount or percentage trailing behind favorable market movements.
Extended trading parameters are available to manage the unique hours of the US financial markets. The system supports pre-market trading hours from 04:00 to 09:30 Eastern Time, and after-hours trading sessions from 16:00 to 20:00 Eastern Time. Traders can check the "Include Extended Hours" toggle on their limit orders to maintain active execution parameters across these sessions. 24-Hour Market & Overnight Hours are available for selected US stocks & ETFs
Scenario-Action Framework
Scenario: An investor wants to enter an order to acquire a stock during the pre-market session if the asset drops below a specific valuation target.
Action: Open the stock quotes page, select the trade panel, set the order parameter to a limit order, input the target price, click the trading hours dropdown to select "Include Extended Hours," and submit the active instruction.
What options strategies and tools are available on Webull?
The options trading system allows eligible accounts to construct multi-leg options strategies across a range of risk profiles. To ensure investors trade products appropriate to their experience and financial background, options permissions are organized into structured approval tiers.
At Webull Singapore, options trading permissions are divided into three levels.
Level 1 permits basic covered strategies, including covered calls and cash-secured puts.
Level 2 expands access to directional and volatility-based strategies such as long calls, long puts, straddles, and strangles.
Level 3 enables more advanced multi-leg combinations, including debit spreads, credit spreads, butterflies, and iron condors.
To support these advanced instruments, the platform integrates several analytical tools:
Options Strategy Builder: Allows users to create multi-leg combination orders instantly, automatically calculating the structural parameters of complex strategies.
Interactive Profit-Loss Diagrams: Visually maps out break-even points, maximum upside potential, and maximum capital risks across a range of underlying asset prices.
0DTE Options Center: Provides real-time data tracking for option contracts expiring on the current trading day, enabling near-term risk-hedging strategies.
Scenario-Action Framework
Scenario: A seasoned options trader wants to deploy a risk-defined credit spread on an asset prior to an upcoming corporate announcement.
Action: Access the options chain for the asset, open the Options Strategy Builder, select the vertical spread template, configure the long and short strike parameters, review the interactive profit-loss diagram to verify the break-even boundaries, and execute the multi-leg order as a single transaction.
How do fractional shares and the Regular Savings Plan work?
Long-term wealth building and portfolio diversification are facilitated through systematic automation tools and fractional equity purchasing modules.
The fractional shares trading module allows investors to invest in high-priced assets using a dollar-cost averaging approach. Fractional purchases require a minimum order value of USD 1, enabling micro-allocation down to five decimal places (0.00001 shares). This capability allows investors to allocate capital based on exact fiat amounts rather than fixed share increments. Fractional trading is available during regular US market hours on the mobile platform.
Complementing this is the Regular Savings Plan (RSP), which automates recurring investments at predefined intervals. Users can establish a Fixed RSP using cash buying power or automated eDDA recurring deposits to buy shares on a daily, weekly, bi-weekly, or monthly schedule.
Alternatively, a Dynamic RSP adjusts the invested capital amount automatically based on market conditions. It compares the asset's previous closing price against its long-term moving average (such as a 120-day or 300-day period), increasing the investment allocation when the asset trades below the benchmark line and reducing the capital outlay when it trades above.
user can choose the following as a benchmark:
- S&P 500
- NASDAQ
- DJI
- {target asset/symbol}
Scenario-Action Framework
Scenario: A long-term investor wants to establish a monthly automated investment of SGD 50 into a specific exchange-traded fund using direct bank transfers.
Action: Open the account management card, select the Regular Savings Plan option, search for the target ETF, choose the eDDA payment channel, set the frequency to monthly, input SGD 50 as the recurring investment amount, and activate the automated schedule.
How does Webull compare to other brokers?
When choosing a digital brokerage platform, evaluating competitive parameters helps clarify relative cost advantages. The following table highlights the structural variations in fee schedules and platform options.
Parameter / Feature | Webull Singapore Fee Specification | Competitor Platforms (Standard Tiers) |
US Stocks Commission | $0 | Varies by broker tier |
US Stocks Platform Fee | $0 | Typically fixed or per-share fees apply |
US Options Fee | US$0.55 per contract | Often includes base platform surcharges |
Minimum Deposit | None | Varies by account class |
Supported Interfaces | Mobile Application, Desktop Application | Mobile, Desktop, and Web Browsers |
Local Regulatory License | Monetary Authority of Singapore (MAS) | Monetary Authority of Singapore (MAS) |
Data Verification Note: The comparison details listed above are compiled from official platform disclosures and public fee schedules to ensure factual integrity.
Scenario-Action Framework
Scenario: An investor wants to verify that their high-frequency trading strategy won't accumulate unexpected platform or maintenance fees over time.
Action: Review the brokerage fee schedule table, confirm that the platform charges $0 in commission and platform fees for US equities, and structure the transaction frequency according to their personal capital goals.
How do you fund your account and contact support?
Managing account transactions and accessing support systems relies on clear operational protocols. Below are the precise frameworks for account funding, withdrawal processing, and support availability.
Deposits & Withdrawals
You can deposit funds into your Webull account via:
Electronic Direct Debit Authorisation (eDDA)
Fast and Secure Transfers (FAST)
Telegraphic Transfer (TT)
PayNow
Wise or Revolut with payment statements provided (information such as your name and transaction reference number must be displayed).
Please note that Webull Singapore does not facilitate for the withdrawal of funds back to these payment service providers such as Wise or Revolut etc.
The remitter's name and Webull account must match for all deposits. Deposits must not be from a 3rd party.
Any transfer fees incurred, including but not limited to, handling commissions, cable charges and agent bank charges, relating to the deposit, shall be borne by the Client.
Withdrawals can only be made to your individual bank account. Before initiating the withdrawal, please ensure you have saved your bank account details in the App. Any transfer fees incurred, including but not limited to, handling commissions, cable charges and agent bank charges, relating to the deposit, shall be borne by the Client.
Note: Your withdrawal request will take 1 to 5 business days to complete. The exact settlement time may vary between banks. TT withdrawals have a minimum withdrawal amount of USD50, SGD50 and HKD300, respectively.
Customer Support
General hotline is open from:
Daylight saving time
Monday, 06:00 SGT to Saturday, 08:00 SGT.
Non-daylight saving time
Monday, 07:00 SGT to Saturday, 09:00 SGT.
Note: The general hotline will not be available when the US market is closed for the holidays.
Scenario-Action Framework
Scenario: A client needs to initiate a secure withdrawal of settled funds from their brokerage profile directly back to their linked local individual bank account.
Action: Navigate to the "Transfers" interface within the mobile application, select the "Withdraw" function, specify the currency and withdrawal amount, confirm that the recipient account details match their individual name, and submit the request for processing.
FAQ
Q:How do I open an account?
A:You can open an account through the Webull App. If you’re a Singapore Citizen (SC), Singapore Permanent Resident (SPR) or a Foreigner with Singpass, you can open your account using Singpass to shorten the process. However, you’ll need to complete the in-app application manually if you do not have access to Singpass.
Q:What documents do I need to prepare to open an account?
A:If you’re a Singapore Citizen (SC), Singapore Permanent Resident (SPR) or a Foreigner with Singpass, we recommend you to use your Singpass to fill out the required account opening information. However, if you’re a SC/SPR but do not have Singpass, you’ll need to prepare your NRIC. If you’re a foreigner with or without Singpass, you’ll need to prepare your Passport and Proof of Address. Applications will be rejected if your Name, NRIC number, Passport details and Residential Address listed in your application differ from the provided documents.
Q:How long is the settlement period for US trades?
A:The US stock exchanges follow a T+1 settlement cycle. Settlement and delivery of stocks occur 1 business day after the order is executed. For example, if you sell your US stocks on a trading day, the settlement date will be the following business day, allowing you to then initiate a withdrawal or currency exchange instruction. If the settlement date falls on a holiday, it will be postponed accordingly.
Q:Can I trade in the US or HK markets with Singapore Dollars?
A:Overseas securities such as US or HK stocks must be settled in their domestic currencies. You can convert your Singapore Dollars (SGD) to United States Dollars (USD) or Hong Kong Dollars (HKD) on the Webull App to facilitate these trades.
Q:What are Specified Investment Products (SIPs)?
A:Specified Investment Products (SIPs) are financial products with structures, features, and risks that may be more complex than other products. Therefore, it may not be as widely understood by retail investors. Listed SIPs offered by Webull include Exchange Traded Funds (ETFs) and Options. To trade these, a Customer Account Review (CAR) must be completed.
DISCLOSURES
The content provided above is for educational purposes only and does not constitute financial, investment, or professional advice. No information herein should be relied upon for making financial or investment decisions. For detailed terms and conditions, please refer to website at https://www.webull.com.sg.
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