Open an account and get 1 free Zoom + Kellogg Shares and HKD$200 Park n Shop Voucher

Webull is a securities firm that launched in the United States in 2018. It recently landed in Hong Kong with zero-commissions for Hong Kong stocks and A-share trading services. It is expected to provide US stock trading functions very soon. We tried Webull‘s mobile app and found that in addition to its low fees, it also has a surprisingly good UX and functionality which makes it stand out among the many other low-fee securities firms.

Introduction to Webull
Webull’s Welcome Offer
Open a Webull account in 3 minutes
Professional yet simple user interface
Market & Cryptocurrency Data
Transaction Fee Details

Introduction to Webull

Background	Launched in the United States in 2018.
Fees and products	$0 commission, support Hong Kong stocks, A shares, ETFs, warrants, IPOs and odd lot shares Dual licensed in US and Hong Kong stocks (Over 10 million US and Hong Kong stock choices for users)
Real-time market information	Free real-time quotes for Hong Kong stocks (BMP quotes) and quotes from major global exchanges
Analysis tools	Provides 8 chart tools and 50 technical indicators, including Xiaomi’s strategic investment technology.
Trading platforms	Supports iOS and Android. Windows, Mac and Web versions are coming soon
Security	Licensed by the SFC, uses Citibank and CMB Wing Lung as custodian bank, protected by the Investor Compensation Fund

Webull Highlights

The First Option for US Stock Trading: Zero Commission/Zero Platform Fee/Zero Membership Fee/ Zero Clearing Fee
Competitive Costs for HK Stock: Zero Commission/Zero Membership Fee/Free IPO Subscription in Cash
Great User Experience: Online account opening is fast, platform offers real-time quotes and multi-terminal trading
Trusted by Users: More than 20 million users globally
Safe and Secure: Registered with the Securities and Futures Commission of Hong Kong for type 1 regulated activity. Client funds are held in separated trust accounts with banks and are safeguarded by ICC.

Webull’s Welcome Offer

HK Market

US Market

Robo Advisors

Futubull

Other Fee

N/A

Avg. Trade Cost

HKD 15

Welcome Offer: Welcome Offer: Enjoy up to HK$1,800 welcome offer Register a new account on or before 30th November 2024 by using Planto exclusive promo code “PLANTO” can enjoy the below rewards: 1) Planto exclusive offer : Enter promo code “PLANTO” BEFORE account opening can enjoy HK$200 cash coupon 2) Lifetime commission-free for HK stocks and US stock LV2 real-time streaming quotation services 3) Open an account, deposit a total of HK$10,000 or above into the Futu HK account. Maintain 60 days daily average asset* of HK$10,000 or above to receive : Nvidia (NYSE:NVDA) - 0.5 share or HK$600-equivalent BTC or HK$400 supermarket e-voucher 4) Open an account, deposit a total of HK$80,000 or above into the Futu HK account. Maintain 60 days daily average asset* of HK$80,000 or above to receive : Nvidia (NYSE:NVDA) – 1 share or HK$1,000 equivalent BTC Redemption procedures : Download Futu app; Register an account and go to Activity Centre; Enter “PLANTO” in redemption centre before account opening. Detailed procedures can refer to review article All rewards can be stacked. As of the closing price on 14 Oct 2024, Nvidia (NYSE: NVDA) stock price was US$138.07/share Asset calculation method: Sum of the everyday assets/60 days; Including Cash/ Stocks/ Funds/ Options/ Futures Investment involves risks. The fund price may move up or down. Investor should thoroughly study the funds' offering documents and other related documents (including risk disclosure statements). Terms and Conditions apply

Pros & Cons

Basic Info

Transaction Fees: Commission-free for HK stocks and Cryptocurrency. HKD 15 / trade as a platform fee only. For a HKD 10,000 trade, that's: HKD 15 per transaction (excl. mandatory costs by the HK Exchange, etc.). Tiered pricing also available for people with larger number of trades (min. HKD 1 / trade)
Futu will provide users with free LV1 real-time streaming quotation services (including Hong Kong stocks, options, and futures)
Products Available:: HK, US and China stocks, ETFs and Crypto Currency. Selected funds available via Futu MoneyPlus.
Crypto Currency Trading : : support direct trade with HKD and USD without USDT exchange before trading
Margin Trading: Annual interest rate as low as 3.98% (for advanced investors)
License: Registered member of the HKEX and licensed by the SFC (Type 1, 2, 4, 5, 7, 9)

Tiger Brokers

Other Fee

Avg. Trade Cost

HKD 0

Welcome Offer: Successfully open an account through Planto’s exclusive link then complete certain tasks from 12th October 2024 to enjoy up to HK$2,700 worth of reward: - Exclusive HK$400 supermarket vouchers from Planto after depositing HK$10,000 , plus: 1. Time-limited Commission-Free Rewards - Permanent 0 commission on Hong Kong stock trades - 0 platform fee for Hong Kong stock trades (until December 31, 2024) - 0 Commission on US Stock Options Trading (until December 31, 2024) - 0 Commission on Crypto Trading (until December 31, 2024) - 0 Platform Fees on Crypto Trading until December 31, 2024) - NYSE Arca Level 2 Deep Quote streaming for US stocks (valid until December 31, 2024) - US stock options Level 1 real-time quotes (until December 31, 2024) - 365-day A-share commission-free coupon (available if you open an account before December 31, 2024) 2. New clients account opening awards, fund more for 60 consecutive days to get more (please refer to T&Cs for detailed qualifications) - Net deposit* HK$10,000 or US$1,500 or above : to activate HK$300 stock voucher (3x HK$100 vouchers) - Net deposit* HK$100,000 or above : to activate HK$600 stock vouchers (6x HK$100 vouchers) 3. New Client Trading Rewards - Complete 5 U.S. stock purchases (excluding fractional shares) within 60 days of account opening : Activate total worth HK$300 Trading Cash Vouchers (3 x HK$100 vouchers) - Complete 10 U.S. stock purchases (excluding fractional shares) within 60 days of account opening : Activate total accumulated worth HK$600 Trading Cash Vouchers (6x HK$100 vouchers) - Complete 20 U.S. stock purchases (excluding fractional shares) within 60 days of account opening : Activate total accumulated worth HK$1,200 Trading Cash Vouchers(12x HK$100 vouchers) 4. Crypto Trading Rewards Complete 5 cryptocurrency purchases within 60 days of account opening : Activate total worth HK$500 Crypto trading vouchers (5x HK$100 vouchers) * Offers are subject to terms and conditions

Welcome Offer: On or before 31 October 2024, apply via Planto by using promo code「614701」, successfully open an account and deposit HK$10,000 to receive : 1) Planto exclusive HK$200 supermarket coupon 2) Extra HK$100 cash rebate 3) Life-time commission free for HK and US stock 4) APR 6% offer for deposit 5) Deposit HK$10,000 for 60 days with 4 tradings : NVDA.US - 1 share OR deposit HK$60,000 for 60 days with 4 tradings : AAPL.US - 1 share New customers who transfer the stock to LongBridge and meet designated requirement can get either 1) AirPods 4 ; or 2) an iPad mini 6 ; or 3) iPhone 16 Pro Max Terms and conditions apply

Pros & Cons

Basic Info

- Transaction Fee: For US stocks, commissions of US$0.0049 per share (min. US$0.99), and platform fees of US$0.005 per share (min. US$1) - 0 commission during promotion period. - For a US$1,000 trade with 5 shares, that's about: US$2 (excl. mandatory costs by the SEC, etc.). - Product available: HK and US stocks and ETFs - Margin trading: Annual interest rate of 4.8% - License: Licensed by the SFC (Type 1, 4, 9)

Interactive Brokers

Other Fee

Avg. Trade Cost

Welcome Offer: Earn up to 4.83% annual interest rate on positive settled cash balance for accounts with total NAV of US$100,000 or higher. (Accounts with NAV of less than US$100,000 receive interest at rates proportional to the size of the account. Interest rate if for reference only, it may change any time according to market condition)

Pros & Cons

Basic Info

- Transaction Fees: For US stocks, commission fee of US$0.005 / share to US$0.0005 / share - Product available: Stocks, options, futures, currencies, bonds from 150 exchanges in 34 regions including the U.S., Canada, Mexico, Israel, Germany, Netherlands, Japan, Hong Kong, Taiwan, Singapore and India - Margin Trading: as Low as 5.3% - Hong Kong SFC license: SFC license Type 1,2,3

Open a Webull account in 3 minutes

Like other online securities firms, the process of applying for a Webull account is very simple and it only takes a few minutes to complete.

Fill in personal information: including name, date of birth, ID number, work status, investment experience, etc.
Select account: Currently, Hong Kong users can only choose cash account, and Hong Kong or Shanghai-SZ-HK Stock Connect account. Margin accounts and US stock accounts are coming soon.
Identity verification: Upload your ID card and proof of address, and transfer HK$ 10,000 to your Webull account (as per regulations HK SFC to complete online identity verification).

After completion, the account can be opened within one working day at the earliest. Don’t forget to complete the above-mentioned welcome offer conditions to received up to HKD1,700 worth of offers!

The application is more or less the same as other securities brokers.

Professional yet simple user interface

Webull is not the first securities firm to use in-depth data as a selling point – and it isn’t the broker with the most number of data points. The real advantage of Webull is that it can display important data and charts in a very simple to understand way. Retail investors without professional training will not find it overwhelming!

After selecting any stock, in addition to the necessary data such as market value, turnover rate and dividend rate, you can also see the flow of funds and related news reports. In the Hong Kong stock market, reports come from local media such as Economic Daily, Hong Kong Economic Journal and Economic News; news sources for U.S. stocks include Bloomberg, CNBC, SeekingAlpha, Bloomberg, etc., to help users easily understand what news may be affecting the stock.

Webull also provides analysts’ comprehensive rating data, dividing stocks into five levels: “strong recommendation”, “buy”, “neutral”, “lagging market” and “sell”, as well as target value prediction, support level and resistance analysis. Of course, the analyst’s views are for reference only and should not be the only thing you rely on.

Webull is one of the Hong Kong stock trading apps with good analysis functions.

In the financial column, there are key data such as business analysis, earnings per share, balance sheet, and cash flow. You may have used similar financial data analysis functions on other securities trading platforms, but Webull’s unique because the chart design and color are easy to read and understand. It feels like the product was designed with an attention to the customer’s needs.

Other unique stock analysis functions that are rare in the mobile apps of similar securities firms in Hong Kong include:

Comparison: Select up to 3 stocks or indexes, and automatically make comparison charts
Replay: At a speed of 1 to 120 times, look back at the stock price of the specified date and time period like a movie
Double Chart: Split the mobile interface into two and watch the charts of two stocks at the same time

Users can make their own comparison charts on Webull. The picture shows the performance comparison of Meituan (3690), Tencent (0700) and the Hang Seng Index

Market & Cryptocurrency Data

In the quotation column, you can see macro overview of the three markets of Hong Kong, Shanghai-Shenzhen-Hong Kong Stock Connect and US stocks, including the market index trend, market fluctuation distribution, net capital inflow, and the trend of different industry sectors and leaderboard.

In addition to the most popular stock markets, there are also the Japan FTSE 100 Index, the Canadian S&P/TSX Composite Index, and basic data on multiple major currencies. Surprisingly, they also list the price trends of more than a dozen cryptocurrencies such as Bitcoin and Ethereum. Although Webull does not allow you to trade cryptocurrencies, it’s a good way for investors to keep an eye on crypto-currency prices in the same platform!

Webull provides cryptocurrency quotes, but does not have trading functions.

Transaction Fee Details

Webull supports investing in Hong Kong stocks, Shanghai-Shenzhen-Hong Kong Stock Connect A shares, as well as ETFs, warrants, CBBCs and inbound securities in the Hong Kong stock market. Hong Kong stock trading supports three types of orders: market order at auction, limit order at auction, and enhanced limit order.

Like online securities firms that have emerged in recent years, Webull has taken a lower fee route.

US stock trading items	Rate	Charged By
Commission (electronic channel)	0	Webull
Platform Fee	0	Webull
Commission (Forced Sale)	0.25% (min. HK$100)	Webull
Transaction Fee (Sells Only)	0.00051% (Min US$0.01)	The U.S. Securities and Exchange Commission (SEC)
Trading Activity Fee (Sells Only)	US$0.000119Total Trade Volume (Min US$0.01，Max US$5.95)	Financial Industry Regulatory Authority (FINRA)

(Applicable to U.S. market stocks and exchange traded funds (ETF) transactions)

Hong Kong stock trading items	Rate	Charged By
Commission (electronic channel)	0	Webull
Platform Fee	HK$10/order	Webull
Commission (telephone)	0.25% (min. HK$100)	Webull
Stamp Duty	0.10% (If it is less than HK$1, it will be calculated as HK$1. Not charged when trading ETFs, warrants, CBBCs, and inbound securities)	HKSAR
Transaction Levy	0.0027%	SFC
Clearing Fee	0.002% (min. HK$2，max. HK$100)	HKSE
Transaction Fee	0.005%	HKSE
Trading System Usage Fee	HK$0.5/order (min. HK$0.50)	HKSE
Investor Compensation Levy	0.002% (has been suspended until further notice since 2005)	Investor Compensation Fund

(Applicable to Hong Kong market stocks, exchange-traded funds (ETF), warrants, CBBCs, inbound securities, etc.)

Hong Kong stock trading supports three types of orders: market order at auction, limit order at auction, and enhanced limit order.

Summary: A unique challenger in the investment broker market

In recent years, low-fee mobile securities firms have become popular. Since transaction costs have nearly hit rock-bottom and brokers are pushing welcome rewards, whether they can eventually keep their users depends more and more on the user experience, research functionality and content available in their apps.

We’ve reviewed almost all the major mobile securities firms in the Hong Kong market, but we’re surprised by Webull’s UX. You may find similar analysis information on other websites or platforms, but what Webull excels at is displaying data in a concise and simple way. It is by no means another ‘generic’ trading platform and we think it has a bright future in the Hong Kong market

HK Market

US Market

Robo Advisors

Futubull

Other Fee

N/A

Avg. Trade Cost

HKD 15

Pros & Cons

Basic Info

Transaction Fees: Commission-free for HK stocks and Cryptocurrency. HKD 15 / trade as a platform fee only. For a HKD 10,000 trade, that's: HKD 15 per transaction (excl. mandatory costs by the HK Exchange, etc.). Tiered pricing also available for people with larger number of trades (min. HKD 1 / trade)
Futu will provide users with free LV1 real-time streaming quotation services (including Hong Kong stocks, options, and futures)
Products Available:: HK, US and China stocks, ETFs and Crypto Currency. Selected funds available via Futu MoneyPlus.
Crypto Currency Trading : : support direct trade with HKD and USD without USDT exchange before trading
Margin Trading: Annual interest rate as low as 3.98% (for advanced investors)
License: Registered member of the HKEX and licensed by the SFC (Type 1, 2, 4, 5, 7, 9)

Tiger Brokers

Other Fee

Avg. Trade Cost

HKD 0

Pros & Cons

Basic Info

- Transaction Fee: For US stocks, commissions of US$0.0049 per share (min. US$0.99), and platform fees of US$0.005 per share (min. US$1) - 0 commission during promotion period. - For a US$1,000 trade with 5 shares, that's about: US$2 (excl. mandatory costs by the SEC, etc.). - Product available: HK and US stocks and ETFs - Margin trading: Annual interest rate of 4.8% - License: Licensed by the SFC (Type 1, 4, 9)

Interactive Brokers

Other Fee

Avg. Trade Cost

Pros & Cons

Basic Info

- Transaction Fees: For US stocks, commission fee of US$0.005 / share to US$0.0005 / share - Product available: Stocks, options, futures, currencies, bonds from 150 exchanges in 34 regions including the U.S., Canada, Mexico, Israel, Germany, Netherlands, Japan, Hong Kong, Taiwan, Singapore and India - Margin Trading: as Low as 5.3% - Hong Kong SFC license: SFC license Type 1,2,3