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Webull Canada Review


Fact Checked

Webull is a U.S.-based stock trading platform that offers commission-free trading of stocks, ETFs, options, and a few other investment products.

It has over 40 million users worldwide and is popular for its zero-commission trading, as well as its user-friendly web, desktop, and mobile trading platforms.

Recently, Webull entered the Canadian market, but with limited features. This article explores Webull Canada’s top features, investment products, account types, trading commissions, and more.

Is Webull Available in Canada?

Yes, Webull launched in Canada in January 2024 and is now available for use by Canadian investors. Currently, the platform offers Canadians over 10,000+ CA and US stocks and ETFs. There’s also a cash management service that allows you to earn up to 4% APY on uninvested cash in your account.

Webull Canada Account Types

Webull currently offers individual non-registered cash and margin brokerage accounts.

Canada-specific registered accounts like TFSA, FHSA, RRSP, and RESP aren’t supported yet, which may be a turnoff to Canadian investors looking to invest with tax-advantaged accounts.

Investment Products

Webull investment products in Canada are pretty limited.

Canadians can only trade and invest in US and Canadian stocks & ETFs, plus a cash management solution. However, the US platform offers a relatively wide selection of investment products, including:

  • Stocks
  • ETFs
  • Options
  • Futures

It also offers several other investment services, including OTC services, margin trading, fractional shares, cash management, paper trading, robo advisor, and recurring investing.

Most of these have yet to launch in the Canadian market, so keep checking. Webull plans to add US options and other products/services to the platform.

Trading Platforms and Features

Webull offers 3 trading platforms, including:

  • WebTrade: A web-based platform with advanced charting and tools for stocks, ETFs, and options trading.
  • Desktop Native: This is a desktop app with advanced charting, in-depth analysis, customizable widgets, order types, and other advanced tools and features.
  • Mobile apps: Android and iOS mobile apps to research markets, learn, and trade on the go.

Webull Canada Top Features

  • 90-day commission-free trading of CA & US stocks
  • Earn up to 4% APY on uninvested cash
  • No minimum deposit is required
  • Powerful charting and comprehensive analysis tools
  • Free access to level 2 quotes from Nasdaq, TMX, and CBOE NEO  to make informed decisions
  • Free paper trading, extended trading hours, and multiple order types for US markets
  • A legit platform regulated by CIRO
  • A generous welcome bonus of $100

Trading Commissions and Fees

While Webull offers commission-free trading in the U.S., it levies a fee of $2.99/trade in Canada. However, new Canadian traders enjoy 3 months of commission-free trading from account opening, after which the fee is levied.

For US trades, a flat $2.99 trading fee applies. Webull may also charge regulatory fees, including an SEC fee of 0.00008% when selling and an ADR custody fee of $0.01-$0.03 per share. 

Other Webull fees that may be applicable in Canada include:

  • FX fee: Exchange Rate + 1.5%
  • Account Transfer out fee: $150
  • Partial Transfer: $50
  • Domestic wire: $50
  • International wire: $100
  • NSF/Reversal Fee for ETF Transfer: $50
  • Admin/maintenance fee: $10/year

Webull Canada Margin Rates

Webull margin interest rates in Canada range between 9.2%-11%. Debit balance interest for USD positions of $0-$99,999 stands at 11% and 9.7% for CAD positions. 

USD positions of $100,000+ incur an interest of 10.5% and 9.2% for CAD positions.


Webull is offering a limited-time welcome bonus of $100 to Canadian investors.

If you create a Webull account and deposit at least $1,000, you get $50, and if you maintain your funds for 30 days, you receive an additional $50. You’ll also enjoy commission-free trading of CA and US stocks for 90 days.

Alternatively, you get a $25 bonus if your deposit is less than $1,000 and an additional $25 if you maintain the funds for at least 30 days.

Pros and Cons


  • A competitive flat fee of $2.99 per transaction. Many other brokers charge $5-$10 per trade.
  • Offers web, desktop, and mobile trading platforms to fit the needs of different users
  • 24/7 customer support via email and phone


  • It doesn’t offer tax-advantaged registered accounts
  • Limited investment products in Canada
  • It’s not commission-free in Canada, like in the U.S.
  • It doesn’t offer free ETFs, a popular feature among Canadian discount brokers

Who is Webull Canada Best For?

Webull is a solid stock trading platform if you want access to low trading fees and free Level 2 real-time data for US markets. 

That said, you can’t currently open registered investment accounts like the RRSP or TFSA, and the investment product list is limited.

Should You Sign Up for Webull?

If you want to experiment and test current Webull features available in the Canadian market and closely monitor the addition of new features, you may want to create a Webull account. It offers up to a 10% cash back on your money via sign-up bonuses (e.g., a $100 bonus for a $1,000+ deposit).

If you’re looking for a wide selection of investment accounts, products, sophisticated trading features, and market research tools at competitive prices, a Webull alternative may better suit you for now.

Top Webull alternatives in Canada include:

  • Moomoo


moomoo logo-img

Trade stocks, ETFs, options, etc.

Up to $2,400 in welcome bonuses

Very low competitive trading fees

Free Level 2 data and access to paper trading to test strategies

Earn interest on uninvested cash

No monthly or quarterly fees

  • Questrade


questrade logo

Trade stocks, ETFs, options, FX, bonds, CFDs, mutual funds, etc.

Get $50 trade credit with $1,000 funding

Low and competitive trading fees

No quarterly inactivity fees

Access to advanced tools and trading data

Top platform for advanced traders

Transfer fees waived

  • Qtrade


qtrade logo 2

Up to $150 sign-up bonus

Trade stocks, ETFs, options, bonds, etc.

Excellent platform for newbies and seasoned investors

Competitive trading fees

Excellent customer service

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Editorial Disclaimer: The investing information provided here is for informational purposes only and is not intended as individual investment advice or recommendation to invest in any specific security or investment product. Investors should always conduct their own independent research before making investment decisions or executing investment strategies. Savvy New Canadians does not offer advisory or brokerage services. Note that past investment performance does not guarantee future returns.

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Enoch Omololu, MSc (Econ)

Enoch Omololu, personal finance expert, author, and founder of Savvy New Canadians, has written about money matters for over 10 years. Enoch has an MSc (Econ) degree in Finance and Investment Management from the University of Aberdeen Business School and has completed the Canadian Securities Course. His expertise has been highlighted in major publications like Forbes, Globe and Mail, Business Insider, CBC News, Toronto Star, Financial Post, CTV News, TD Direct Investing, Canadian Securities Exchange, and many others. Enoch is passionate about helping others win with their finances and recently created a practical investing course for beginners. You can read his full author bio.

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