You may already know about Webull, a modern and user-friendly investment app from the US, founded in 2017. It has introduced the concept of commission-free trading in financial products such as stocks and ETFs alongside its biggest rivals, Robinhood, TD Ameritrade, and E*TRADE.
On Webull, you can choose between investing in stocks, options, ETFs, fractional shares, and even Over-The-Counter (OTC) stocks. New users get up to 12 free stocks.
Want to know if you can trade Forex on Webull? Wondering about alternative investment platforms to invest in Forex? We’ve got you covered!
Can you trade Forex on Webull?
Unfortunately, you are not able to trade Forex on Webull! As of this writing, Webull doesn’t offer forex trading.
However, they’ve added a new section to their platform where users can check out detailed Forex data. It’s important to note that this feature is only for viewing data; you can’t make actual forex trades with it.
This addition has led to some speculation about Webull possibly adding forex trading to their services. But, as of now, there’s been no official confirmation from Webull about this potential expansion.
Which products can you trade on Webull?
Webull has a restricted product range, featuring only stocks, ETFs, and options, primarily focusing on US markets1.
Best Webull alternatives for investing in Forex
75% of retail CFD accounts lose money.
Brokers’ comparison table
|Broker||Minimum Deposit||Number of currency pairs||Spreads starting at
|Interactive Brokers||$0||100+||0.1 (subject to commission)||FINRA, SIPC, SEC, CFTC, IIROC, FCA, CBI, AFSL, SFC, SEBI, MAS, MNB|
|TD Ameritrade||$50 (electronic transfers); no account minimum||80+||$0, but spreads starting 1.1 pip apply||SEC, FINRA, CFTC|
|IG||$0 (only for bank transfers)||80+||0.6||ASIC, FCA, NFA, MAS, FSCA, FINMA, FMA|
|Oanda||$0||65+||0.6||FCA, PFSA, ASIC|
|Forex.com||$100||80+||0 (subject to commission);
1 (no commission)
|CySEC, CFTC, NFA, FCM, RFED, CIRO, FSA, FCA, CIMA, SFC, ASIC, MAS|
1Customers in Hong Kong have the opportunity to trade stocks and ETFs listed on the Hong Kong, Shenzhen, and Shanghai stock exchanges.