Webull Europe: Expansion Plans and Free Trading Alternatives 1

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, which has introduced the concept of commission-free trading in financial products such as stocks and ETFs.

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

What is Webull?

Webull is an investment app based in the United States, which does not charge a commission when investing in stocks or other financial products.

Due to its user-friendly and modern app and the fact that it does not charge fees when investing in stocks and other products, this company has become well known worldwide, alongside its biggest rival, Robinhood.

Once again, the Internet has democratized access to investments. Through apps like Webull or Robinhood, anyone can invest in the stock market without a lot of money or having to pay high fees for that.

Its success was due to its innovative product and its referral program, which encourages users to recommend others and receive a reward for doing so, making this company a world first.

Is Webull Available in Europe?

Unfortunately, Webull is not yet available in Europe. Currently, Webull can only be used in the United States and Hong Kong.

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).

Webull Alternatives in Europe

To help you find a Webull Europe equivalent, we have only focused on commission-free brokers available in Europe. Here are our suggestions:

  • eToro: Commission-free stock and ETF trading. You can also copy other traders/investors. Slick, modern, and easy for anyone to use. It is trusted by more than 20 million clients worldwide.
    67% 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.
  • Nextmarkets: A commission-free trading platform with no foreign exchange fees. It has +7,000 shares and +1,000 ETFs. Besides, you have access to “curated investing” (similar to social trading).
    56.65% of retail CFD accounts lose money when trading with this provider.
  • Trading 212: A commission-free stock and ETF trading (+10,000 global stocks and ETFs), 0.15% of foreign exchange fees, and presents fractional shares. Over 1.5 million customers.
    76% of retail CFD accounts lose money when trading with this provider.

All the companies mentioned above are regulated and/or registered with the Financial Conduct Authority (FCA) in the UK.

1# eToro

etoro logo
Visit eToro

67% of retail CFD accounts lose money.

eToro at a glance

  • 0% Commission: ✔ (Stocks and ETFs)
  • Mobile App:
  • Products: CFDs, ETFs, Stocks, Commodities, Forex, and Cryptocurrencies
  • Minimum deposit: $50 (it varies between countries)
  • Regulators: CySEC, 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 20 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 simple 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 money is slow, and spreads can be high for some products, like cryptocurrencies.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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# DEGIRO

Degiro logo
Visit DEGIRO

Investing involves risk of loss.

DEGIRO at a glance

  • 0% Commission:
  • Mobile App:
  • Products: Stocks, Funds, ETFs, Futures, Leveraged Products, Bonds, and Warrants.
  • Minimum deposit: €0
  • Regulators: AFM, 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 €0.50 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!

3# Nextmarkets

nextmarkets logo
Visit Nextmarkets

56.65% of retail CFD accounts lose money.

Nextmarkets at a glance

  • 0% Commissions:
  • Mobile App:
  • Products: Shares, ETFs and CFDs on shares, ETFs, indices, forex, bonds, cryptocurrencies, and commodities.
  • Minimum deposit: €0
  • Regulators: MFSA, FCA, BaFin

Founded in 2014, Nextmarkets is an online broker well-tailored for those with a basic understanding of the financial markets. It has a very intuitive and hassle-free mobile app. You can invest in financial products such as shares, ETFs and CFDs on shares, ETFs, indices, forex, bonds, cryptocurrencies, and commodities.

In addition to the “Do-it-yourself” segment, Nextmarkets sets itself apart from its competitors because it offers “curated investing”. You have probably heard about social trading, where you follow other peoples’ trades. Nextmarkets wants to take the idea of social trading further by allowing you to benefit from the experience of proven experts (called “coaches”) and stock market professionals.

The fee structure is also unique: you only pay spreads. So, there are no fees on deposit, withdrawal, inactivity, currency conversion fees and even no overnight fees in CFDs (something not usual in most brokers). On the downside, the web platform is quite “buggy”, you have no educational materials, and there is a €1 commission for orders below €250.

Nextmarkets Trading Ltd, the legal name of Nextmarkets, is registered in Malta and, consequently, authorised and regulated by the Malta Financial Services Authority (MFSA). You are protected up to a maximum of €20,000 on your money and assets.

If you want to learn more, check our Nextmarkets Review.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 56.65% 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.

4# Trading 212

trading 212 logo
Visit Trading 212

76% of retail CFD accounts lose money.

Trading 212 at a glance

  • 0% Commission: ✔ (Stocks and ETFs)
  • Mobile App:
  • Products: CFDs, Stocks, ETFs, Commodities, Forex, and Cryptocurrencies
  • Minimum deposit: €1
  • Regulators: FCA and FSC

Founded in 2006, Trading 212 is a fintech based in London that aims to democratize the entire investment process through a simple mobile application. The company aims to do this by allowing anyone to invest in over 10,000 stocks and ETFs, Forex, commodities, CFDs, and cryptocurrencies. Over 15 million people have already downloaded the app. In 2017, it was the trading app with the most downloads in Germany and, since 2016, it has remained 1st in the United Kingdom.

In Trading 212, you will find commission-free stock and ETF trading, fractional shares, and even an automatic investment system (Robo-advisor). Opening an account is extremely quick and easy. On the downside, it shows limitations regarding available products, such as the lack of bonds and options. It charges a 0.15% currency conversion fee when buying assets in a currency different from your base account.

Within the app, you will notice two distinct sub-platforms: Trading 212 Invest, where you can trade a range of assets free of charge and trading 212 CFD, where you may trade leveraged financial products (CFDs).

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this broker. It is important to understand how CFDs work and the risks involved in trading, such as losing all invested capital.

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!

Join the discussion 9 Comments

  • Gez says:

    Thank you very helpful. Trading options which would you say is the best ?

    • Franklin Silva says:

      Hello!

      For trading options, we would suggest another broker: Interactive Brokers.

      All the best,
      Franklin

  • Dani Almousa says:

    We need webull in Europe, love the platform and the interface and love the broker , too bad because I would for sure move from etoro to you guys

    • Franklin Silva says:

      Hey, Dani!

      We are not associated with Webull. We are just a website dedicated to helping you find the best broker for your needs.

      Thank you,
      Franklin

  • James says:

    a pity, however, I’m looking for the possibility to trade before and after markethours, any suggestions, much appreciated!

  • trader says:

    tastyworks and tradestation accept client from all the world they have all u need and options too

  • Dan says:

    I use IBKR (Interactive Brokers) in the EU. It has my two basic needs, Options and (phenomenal) speed. Comissions are low.
    I don’t know how other brokers allow for trading ETFs in the EU as those are against regulations, but IBKR doesn’t. However they do allow options on ETFS, so you could own ETFs through them if you exercise calls, for example. And you can play SPY 0DTEs if that’s your thing 😉
    Their web platform is fine, maybe their most intuitive piece of software. Their desktop platform called Trader Workstation has an atrocious User Interface, straight from the early 90’s, and IBKRs’ excuse for it is that it’s for professionals – utter BS. For charts, while it’s true that it offers a huge palette of studies, it’s much better to do charting on Tradingview (very complete) or Webull (very easy). For me, they can get away with this issue thanks to their amazing speed, that is just… wow!
    Their mobile app is sufficient. Has an ok learning curve, you’ll still forget where that one thing is even after some time using it, but you’ll get used to it. In my eyes they get away with this thanks to – you guessed it – their speed.
    Hope this helps, cheers

    • Hello Dan,

      Thank you for taking the time to write this comment!

      Our criteria involved a selection of more “directed” competitors. Since most people in Europe look for stocks and ETFs, we believe that the four alternatives presented will fit most people.

      Could you please elaborate on this part: “I don’t know how other brokers allow for trading ETFs in the EU as those are against regulations, but IBKR doesn’t”? Are you talking about US-domiciled ETFs?

      Thank you,
      Franklin

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