stub WeBull Singapore Review - Is it Legit? (February 2024)
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Webull Singapore Review (February 2024)

Singapore Regulated Broker to Trade Stocks & ETFs

Reviewed By |

Overall Rating



Fees: From $0

Best For: Low Trading Fees

Webull entered the market in 2017. The company is Chinese-owned but based in New York. The company is also expanding to other markets globally, particularly in Asia where they have opened office locations in South Korea and Singapore. Webull runs a low-cost model that appeals to younger traders and those starting out in particular.

WeBull is our most recommended stock broker for residents of Singapore. Powerful and intuitive charting tools on the Webull App allow investors to tap into a diverse range of investment opportunities. including Hong Kong & USA stocks & ETFs.

Here, we will take a closer look at all the key aspects of the broker and what it can offer to help you make the best-informed decision when choosing who to trade with. 


  • Extremely low fee model
  • Intuitive trading platfrom
  • Well-regulated
  • Strong range of ETFs


  • Limited asset choice
  • High withdrawal fees



Reputation is a crucial element of any broker or company you choose to trade with. At Webull, you will find a company that is relatively new to the space with just over 5 years in the industry. With that said, the company has worked quickly to establish itself in key bases such as New York which improves credibility. 

Webull Singapore is MAS regulated in the country. The company also holds a Capital Markets Services (CMS) Licence under the Securities and Futures Act 2001.  A further boost to credibility is that they are regulated by the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) in the United States. These are regulatory authorities that are known as having an extremely high threshold for safety and security. 

Webull participates in the Securities Investor Protection Corporation’s (SIPC) protection scheme in the United States providing protection for up to $250,000 in cash. In Singapore, traders can rely on the MAS (Monetary Authority of Singapore) regulation the company has in place. 

These measures are in addition to the 2FA and biometric login features that the company provides when accessing its services. Overall, traders can expect the utmost in protection when trading with Webull and when accessing the company network and platforms.

Investment Products


Webull offers stocks, ETFs, options, and ADRs for trading in Singapore. They provide access to a large amount of US assets in these categories and also to Hong Kong markets. When it comes to stocks and ETFs, there is good depth in the asset range available. Webull Singapore does not yet offer any crypto trading possibities as the US-entity does.

While there is a good range available in certain specific asset classes, there is also no access to some other markets such as the forex market, bond, mutual funds, or any futures trading. This may mean that new traders feel somewhat limited in what they can trade with Webull but there is generally a good selection of assets available for those Singaporean traders interested in trading US and HK markets. They are one of the only brokers to also offer fractional shares in Singapore.

Trading Platforms


The Webull website is well-developed and easy to navigate. With that said, the broker does not currently have a desktop trading platform or app available to traders in Singapore. This means that you should proceed directly to using their mobile app and platform. You can also use Singpass MyInfo to quickly complete the process and get started using the app. The platform is available both to Singaporeans and those from abroad living in Singapore with a residence permit. 

There are a number of tools that can be engaged to assist with trading through the platform. This includes screeners to help with research and trading of stocks and other assets. A number of order types can also be selected. The app is overall very easy to navigate and intuitive. 

The lack of a desktop platform may restrict some traders, but in general, Webull Singapore aims to attract younger and more tech-savvy traders who most likely will already be looking to trade on mobile.

Customer Support


Webull is very much focused on the online market and those individuals who spend most time online. With this in mind, their support offering reflects this position. The support team can be contacted through online live chat and via phone if needed. 

The answers from the support service are prompt and professional with the phone service being available during business hours only.



In all, Webull Singapore, just like its counterpart in the US, aims at the millennial market who are tech-savvy and spend the majority of their time online. The company has been successful to date in this approach, gaining popularity. The company is also extremely well-regulated, not only by MAS in Singapore, but around the world.

Combined with trading costs that are virtually zero across the board and it is easy to see why this service has become one of the most popular choices, especially for younger traders. Continuing this approach should see Webull keep growing in the marketplace.

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