You have probably heard about the Webull app on YouTube and want to know if it’s available in Indonesia, 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 Indonesia, the company’s expansion plans, and the alternatives available? We’ve got you covered!
Is Webull Available in Indonesia?
Unfortunately, Webull is not yet available in Indonesia. Currently, Webull can be used in the following markets: Australia, Hong Kong, Japan, Singapore, South Africa, the United Kingdom and the United States.
Webull has not yet made any public announcement about a possible expansion to the Indonesian 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 Indonesia with a VPN?
No, you cannot use a VPN to open a Webull account from Indonesia. After registration, Webull will ask for specific documents that prove you are a valid user.
Webull Alternative in Indonesia
Interactive Brokers | Best for intermediate and advanced investors
Online broker with a sophisticated trading platform that offers a wide range of products. The company, founded in the US, provides the app IBKR GlobalTrader, which is ideal for beginners.
#1 Interactive Brokers (IBKR GlobalTrader)
Interactive Brokers at a glance
Interactive Brokers has proven to be one of the most reliable brokers in the market. The company was founded over 40 years ago and survived many financial crises, making it a well-established and trustworthy broker regulated by many top-tier regulators.
They offer some of the best stock trading apps in Indonesia, where you can trade stocks using sophisticated and powerful tools and find a wide range of products available for trading with low prices, including forex instruments. The broker offers different mobile apps and web-based platforms that should be used according to your knowledge and experience. The mobile app IBKR GlobalTrader is a user-friendly app suitable for beginners because it simplifies investments without losing the powerful tools for which the broker is famous.
If you want to make the most out of the powerful tools the broker provides, you can use the IBKR Mobile, a complete and sophisticated trading app to trade stocks, ETFs, and options. As the features of this app can be overwhelming for beginners, we would recommend the IBKR GlobalTrader if you do not have a lot of experience.
In addition to the mobile apps, you will also find a desktop app and web-based apps where you have sophisticated trading tools to access the global financial markets. Overall, we believe that Interactive Brokers offers the best stock trading apps in Indonesia, and you can find what you are looking for, irrespective of your needs!
Please check our Interactive Brokers review to find out more about the broker.
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, 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.
Happy investing!
