Singaporean trading platform Webull has announced unlimited free trading on US-listed stocks, ETFs and American Depositary Receipts (ADRs) for all Singapore-based investors, in a move that intensifies competition among low-cost investment platforms in Asia.
Webull Singapore customers will pay no commissions and no platform fees when trading US equities, regardless of trading frequency or strategy. The fee-free structure also applies to Regular Savings Plans (RSPs) built around US-listed investments.
The Singaporean investment app said the pricing change is designed to make investing more accessible while bringing Singapore in line with Webull’s broader international pricing model, which already includes commission-free trading in other regions.
Webull Singapore is regulated by the Monetary Authority of Singapore (MAS) and holds a Capital Markets Services (CMS) licence under Singapore’s Securities and Futures Act 2001.
Webull also highlights that it is part of a wider global business operating across 14 markets with more than 26 million registered users worldwide, and that its parent company is listed on the Nasdaq under the ticker BULL.
For active traders, the removal of dealing charges could result in significant savings over time, particularly for investors trading US shares frequently or using dollar-cost averaging strategies. Long-term investors may also benefit from lower transaction costs when building portfolios through regular monthly investments.
Webull said its offering combines zero-fee US stock and ETF trading with features including fractional shares, 24/5 trading, options trading, futures access and automated recurring investments through its Dynamic RSP product.
The announcement adds further pressure on established crypto trading platforms in Singapore, many of which still charge dealing commissions, custody fees or platform charges for access to US markets. Webull’s own comparison table claims rivals including Moomoo, Tiger Brokers and Interactive Brokers still levy minimum commissions or platform fees on US stock trading.
While the offer removes trading commissions and platform fees, investors should still be aware that other costs can apply when trading US assets, including currency conversion charges, regulatory fees and bid-offer spreads.
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as The Sunday Times, BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
