Webull has been around in Singapore for some time now and is the cheapest brokerage firm to use at the moment because it is Free to trade with them. No commission fees and zero platform fees. Of course, normal fees still apply (such as GST, clearing fee, individual country’s fees and other miscellaneous fees) – Usually, quite a small amount.
There have been a number of brokerages to date and all of them are funded by big names. Most likely to get people onboard.
Who is Webull
Webull Securities (Singapore) Pte. Ltd. is regulated by MAS and holds a Capital Markets Services (CMS) Licence to operate here.
In terms of its background, Webull was founded by ex-Alibaba employee Wang Anquan, and its parent company is Fumi Technology – a Chinese holding company with financial backing from Xiaomi, Shunwei Capital, and other private equity investors in China
Welcome Offer
As part of their sign-up offer...