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When is Webull Coming to Europe? Alternatives for 2023

Franklin Carneiro da Silva| Updated January 5th, 2023
Webull Europe

Webull Europe – Expansion Plans and Alternatives

You have probably heard about the Webull app on YouTube and want to know if it’s available in Europe, right?

Webull is a modern and easy-to-use investment app from the US. 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.

Want to know if Webull is available in Europe, the company’s expansion plans, and the alternatives available? We’ve got you covered!

Is Webull Available in Europe?

Unfortunately, Webull is not yet available in Europe. Currently, Webull can be used in the following markets: United States, Hong Kong, China, Singapore, Japan and Australia.

This means that if you are a resident of Germany (Deutschland), Sweden, Italy, Poland, Ireland, France, Spain, Romania, the UK, Belgium, or any other European country, you won’t trade through the Webull app.

Webull has not yet made any public announcement about a possible expansion to the European market. Although this market is interesting, it is also highly regulated and already has similar solutions (which we will cover below).

Can you use Webull in Europe with a VPN?

No, you cannot use a VPN to open a Webull account from Europe. After registration, Webull will ask for specific documents that prove you are a valid user.

Webull account opening – Webull doesn’t work in Europe

Webull Alternatives in Europe

To help you find a Webull Europe equivalent, we focused on low-cost online brokers available in Europe. Here are our suggestions:

eToro

With over 25 million users, eToro is the leading social investing platform (copy and follow other traders/investors). It offers commission-free stock trading.

Interactive Brokers

Founded in 1978, IBKR is one of the world’s most trustworthy brokers. It offers an enormous range of financial products (stocks, ETFs, Options,…), and low currency conversion fees (FX fees).
💡 Interactive Brokers also launched IBKR GlobalTrader, a modern mobile trading app to trade Stocks, Options and ETFs, ideal for novice investors.

Freedom24

A European broker known for its exclusive offering of new stocks at their IPO (initial) price with an average return of 52% in three months. It also offers shares and ETFs on major American, Asian and European exchanges, the lowest price for US stock options in the EU, and the USD savings account with 3% interest and daily accrual.
Disclaimer: Capital is at risk.

Plus500

Plus500 is one of the leading CFD brokers. It offers no commissions when trading CFDs in Indices, Forex, Commodities, Cryptocurrencies, Shares, Options and ETFs. It also recently launched Plus500 Invest for those who want to invest in real shares.
Disclaimer: 81% of retail CFD accounts lose money when trading with this provider.

XTB

XTB offers free stock trading of up to €100.000 monthly volumes in some European countries (Portugal, Italy, Poland, Slovakia, Czech Republic, France, Spain, Romania, and Germany). It also allows you to invest in CFDs, cryptocurrencies, and forex with low fees.
Disclaimer: 81% of retail CFD accounts lose money when trading with this provider.

DEGIRO

A discount broker from Europe with a super low commission structure. Offers commission-free stock and ETF trading. It has +2 million customers.
Disclaimer: Investing involves risk of loss.

Top tier regulators supervise all the companies mentioned here, like the UK’s Financial Conduct Authority (FCA) and Cyprus Securities and Exchange Commission (CySEC).

1# eToro

etoro logo
Visit eToro
81% of retail CFD accounts lose money.

eToro at a glance

0% Commission(only on Stocks and ETFs)
Mobile App
ProductsCFDs, ETFs, Stocks, Commodities, Forex, and Cryptocurrencies
Minimum Deposit$50 (it varies between countries)
RegulatorsCySEC, FCA, and ASIC

Founded in 2006, eToro is a well-known worldwide fintech startup and leader in the social trading field (following other people’s trades), with over 30 million users worldwide. You can also invest in other products such as CFDs, ETFs, stocks, commodities, Forex, and cryptocurrencies through its platform, which is intuitive and straightforward to use, making it a good choice for beginners. It has also started offering commission-free stock and ETF trading in Europe (not all ETFs are commission-free).

Opening an account and depositing is easy, and you can even try it out with virtual money. On the downside, withdrawing cash is slow, and spreads can be high for some products, like cryptocurrencies.

Want to know more about eToro? Read our eToro review.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

2# Interactive Brokers

interactive brokers logo
Visit Interactive Brokers

Interactive Brokers at a glance

0% Commissions
Mobile App
ProductsStocks, ETFs, Bonds, Forex, Funds, Commodities, Options, Futures and CFDs
Minimum deposit€0
RegulatorsFINRA, SIPC, SEC, CFTC, IIROC, FCA, CBI, AFSL, SFC, SEBI, MAS, MNB

Founded in 1978 and publicly listed in NASDAQ (ticker: IBKR), Interactive Brokers is a global online broker which surpassed major financial crises, showing resilience and a rigorous risk management process.

Interactive Brokers offers an advanced investment platform that includes a wide range of products (stocks, options, mutual funds, ETFs, futures, bonds, and currencies) from 150 markets, solid trade execution (IB SmartRouting), and a set of technical and fundamental tools to help you in your investment decisions.

Beginners and intermediate investors have educational tools to explore, but the learning curve will be steep. That´s why we mainly endorse it to more advanced traders. Besides, the customer service gives crystal clear answers to your doubts, so there is no need to go back and forth.

On the downside, Interactive Brokers’ fee structure is quite complex, the registration process is lengthy but fully online, and the broker doesn’t offer commission-free trading. However, when considering FX fees, narrower spreads, and the stock loan program, Interactive Brokers’ clients still get significant savings compared to most brokers.

Interactive Brokers also launched IBKR GlobalTrader, a modern mobile trading app to trade Stocks, Options and ETFs, ideal for beginner investors. Some of the features of IBKR GlobalTrader include automatic currency conversions, fractional shares, demo account, and more.

Want to know more about Interactive Brokers? Check our Interactive Brokers Review.

3# Freedom24

When is Webull Coming to Europe? Alternatives for 2023 3
Visit Freedom24

Freedom24 at a glance

0% Commissions
Mobile App
ProductsStocks, ETFs, Bonds, Futures and Options, new shares at initial (IPO) price
Minimum Deposit€/$0
RegulatorsCySEC, BaFin, SEC

Founded in 2015, Freedom24 has already offered to its 400,000+ worldwide clients the stocks of 260+ new companies at the IPO price, as well as 40,000+ stocks, 1,500+ ETFs, 800,000+ US Stock Options, and 147,000+ bonds on the largest exchanges in Europe, Asia, and the US.

Freedom24 trading platform can be accessed through PC and mobile App versions. Both trading platforms are adequate for executing trades. They are well designed and intuitive but lack customization options. You are provided with additional features such as “InvestIdeas” and “News”.

Freedom24 flagship product is clearly its offering of the new stocks at the IPO price to hundreds of companies awaiting their opportunity to trade on major stock exchanges. There is excitement around this feature since it was only available for institutional investors.

In addition to the above, all Freedom24 clients have D-accounts – USD saving accounts at 3% per annum, which is higher than most European saving accounts (let´s be fair, we are comparing to EUR accounts that are at 0%). Besides, the customer service gives understandable answers to your doubts, so there is no need to go back and forth.

On the downside, it requires a minimum of $2,000 for IPOs participation, charges €7 per withdrawal, and presents an above-average currency conversion fee.

Want to know more about Freedom24? Check our Freedom24 Review.

Disclaimer: Investments in securities and other financial instruments always involve the risk of loss of your capital. Buying stocks at IPO prices may involve additional restrictions.

4# Plus500

When is Webull Coming to Europe? Alternatives for 2023 4
Visit Plus500
81% of retail CFD accounts lose money.

Plus500 at a glance

0% Commission(only in Plus500 CFD)
Mobile App
ProductsCFDs and, on Plus500 Invest, Real Shares
Minimum Deposit€/£/$100
RegulatorsFCA, CySEC, MAS, ASIC, FMA

Founded in 2008, Plus500 is an online broker offering a wide range of financial products, including real shares and CFDs on forex, indices, shares, commodities, options, ETFs, and cryptocurrencies. It is available in over 50 countries and is listed on the London Stock Exchange.

There are two distinct account types:

  • Plus500 CFD: It only focuses on CFD products;
  • Plus500 Invest: Where you can trade stocks (real shares);

As a side note, Trade Sniper, a platform only available for US users and where you can trade Futures, is also part of the Plus500 group.

The web platform you will use is the WebTrader, Plus500’s proprietary platform, offering a stable trading experience and easy access from multiple devices, including a mobile app. All platforms are easy to use and responsive, and you can start testing the features by opening a demo account.

Their customer support is helpful and easy to assess through a chat that is always shown on the trading platform. Their spreads are low, and they offer accounts in sixteen currencies, including USD, EUR, and GBP. Still, they charge a 0.70% currency conversion fee and a $10 monthly fee following three months with no activity. On Plus500 Invest, they only charge a small commission per trade (US market: $0,006/share).

Finally, it is regulated by financial regulators like the FCA and CySec, meaning that Plus500 is appropriately supervised and that there is an investor protection scheme under the entity you open an account with. For instance, If you open an account as a European investor through Plus500CY Ltd, you are protected up to €20,000. Additionally, Plus500 provides negative balance protection for CFD trading on a per-account basis – only to retail clients from the European Union.

Want to know more about Interactive Brokers? Check our Plus500 Review.

81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

5# XTB

XTB Review - XTB Logo
Visit XTB
81% of retail CFD account lose money.

XTB at a glance

0% Commission(Stocks, only in selected countries)
Mobile App
ProductsCFDs, Stocks, Commodities, Forex, and Cryptocurrencies
Minimum Deposit€0
RegulatorsCySEC, FCA, KNF, CNVM, and IFSC

Founded in 2002, XTB presents itself as a market player with extensive worldwide experience, regulated by several bodies such as the Financial Conduct Authority (FCA) and listed on the Warsaw Stock Exchange. The platform offers 0% commissions on stocks in some countries. However, its software is more oriented to CFDs and forex trading with competitive costs. XTB also provides other financial products such as commodities and cryptocurrencies.

Opening an account and transferring money is a quick and hassle-free process (demo account available). XTB charges high commissions on CFDs of cryptocurrencies but low costs for Forex. Besides, you will face an inactivity fee of €10/month after one year of non-trading and if you have not made any deposit in the last 90 days.

That’s XTB in a nutshell! If you want a more detailed review, read our XTB Review.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investors lose money when trading CFDs with this broker. It is important to understand how CFDs work and the risks involved in trading, like losing all the invested capital.

6# DEGIRO

Degiro Review – Degiro Logo - Investing in the Web
Visit DEGIRO
Investing involves risk of loss.

DEGIRO at a glance

0% Commission
Mobile App
ProductsStocks, Funds, ETFs, Futures, Leveraged Products, Bonds, and Warrants
Minimum Deposit€0
RegulatorsAFM, DNB, FCA

Founded in 2013, Degiro is a low-cost brokerage firm that has become very popular due to its low rates! With over 2 million users, the innovative platform has become widely known for its “do-it-yourself” philosophy in the sense that you have everything at your disposal to start investing on your own. It offers a wide range of financial assets to trade, including stocks, ETFs, bonds, options, futures contracts, warrants, investment funds, and some leveraged products (not quite the same as CFDs. More info here).

For instance, you can trade some stocks and ETFs for free (a €1.00 flat handling fee – external costs – still applies). You also have a list of 200 ETFs where you may trade once a month completely free with no minimum amount required. The web trading platform is basic, but it is efficient and straightforward to use. In a matter of minutes, you get used to it. The same applies to its mobile app. On the downside, there is an absence of any significant fundamental research, a €2.50 connectivity fee applies and pricing alerts are missing.

Regarding security, Degiro is the Dutch branch of flatexDEGIRO Bank AG (a German regulated bank). In the unlikely event that the segregated assets cannot be returned to clients, Degiro falls under the German Investor Compensation Scheme, which compensates any losses from non-returned assets up to 90% (with a maximum of €20,000), so do bear this in mind if you are planning to invest much larger volumes. Furthermore, any money deposited on a DEGIRO Cash Account with flatexDEGIRO Bank AG will be guaranteed up to an amount of €100,000 under the German Deposit Guarantee Scheme.

Still any doubts? Go through our Degiro Review!

Which platform should you choose?

Some factors you should be aware of when choosing an online broker are the fees charged if it is regulated by top-tier institutions such as the FCA in the UK and the range of products it allows you to trade (not all platforms allow you to trade cryptocurrencies or stocks listed on the London Stock Exchange, for instance), among other factors.

The best online broker in your specific case will depend on your profile, preference, and objectives. Explore the websites above and decide for yourself!

A reminder that the above should not be construed as investment advice and should be considered information only. Investors should do their own research and due diligence about the services and opportunities best suited for their risk, returns, and impact strategy.

We hope this has helped – please leave your comments below.

Happy investing!

Franklin Carneiro da Silva
Co-Founder & Fintech Analyst

Franklin is a CFA Level III Candidate with 3 years of experience in Wealth Management as a Fund Research Analyst and the Host of the "Edge Over Hedge" YouTube Channel.

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