Webull Philippines: Expansion roadmap and alternatives

You have probably heard about the Webull app on YouTube and want to know if it’s available in the Philippines, 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, options, and ETFs.

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

Unfortunately, Webull is not yet available in the Philippines. Currently, Webull can be used in the following markets: 

• United States,
• Hong Kong,
• Canada,
• Singapore,
• Japan,
• The UK,
• Australia,
• Brazil,
• South Africa,
• Thailand,
• Indonesia,
• Malaysia,
• Mexico (with Flink).

In the past, Philippino investors used to have access to Webull. However, since August 16, 2021, the Webull clearing house Apex has stopped supporting accounts from the Philippines. This happened because the country lacked policies and laws against money laundering and terrorist financing and thus became one of the countries on the grey list.

Webull has not yet made any public announcements about returning to the Philippines.

Can you use Webull in the Philippines with a VPN?

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

To help you find a Webull alternative in the Philippines, we have focused on a low-cost broker. Here is our suggestion:

Other Webull alternatives in the Philippines

Want to explore other alternatives?

Check our BrokerMatch tool, to get matched with your right broker based on your country and preferences, and explore our Broker Comparison, Broker reviews, Bonuses, and best brokers for earning interest.

It is difficult to choose the best Webull alternative for every investor, as the best broker will depend on which country you live in, your investor experience, the financial products you want to trade, and more.

Explore the websites mentioned here, our tools, and decide for yourself!

And if you need any help, feel free to reach out to us.

Webull alternatives reviewed

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 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.

Webull is an investment app based in the United States, which does not charge a commission when investing in stocks, ETFs, options, 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, making this company a world first.

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.