Webull Switzerland: Expansion Plans and Free Trading Alternatives

Franklin Silva| Updated January 18th, 2022
webull alternatives logos

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

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

Webull has not yet made any public announcement about a possible expansion to the Swiss or 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 Switzerland

To help you find a Webull Switzerland equivalent, we have only focused on low-cost commission brokers available in Switzerland. 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 over 20 million clients worldwide.
Disclaimer: 67% of retail CFD accounts lose money when trading with this provider.

DEGIRO

A discount broker from Europe with a low commission structure. Offers commission-free stock and ETF trading.
Disclaimer: Investing involves risk of loss.

Revolut Trading

One free trade every month. Mobile app only.

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

Webull Alternatives in Switzerland

1# eToro

Webull Switzerland: Expansion Plans and Free Trading Alternatives 1
Visit eToro
67% of retail CFD account lose money.

eToro at a glance

0% Commission
Mobile App
ProductsCFDs, ETFs, Stocks, Commodities, Forex, and Cryptocurrencies
Minimum Deposit$50
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 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 ETFs trading in Switzerland (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. For more information, read our article about eToro in Switzerland.

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.

Webull Alternatives in Switzerland

2# DEGIRO

Webull Switzerland: Expansion Plans and Free Trading Alternatives 2
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 deposit1€
RegulatorsAFM, DNB, FCA

Founded in 2013, Degiro is a low-cost brokerage firm that has become very popular due to its low rates! With almost 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 EUR 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 EUR 100,000 under the German Deposit Guarantee Scheme.

Still any doubts? Go through our Degiro Review!

Webull Alternatives in Switzerland

3# Revolut Trading

Webull Switzerland: Expansion Plans and Free Trading Alternatives 3
Visit Revolut

Revolut at a glance

0% Commission
Mobile App
ProductsStocks, Cryptocurrencies, Gold, and Silver
Minimum Deposit1€
RegulatorsSEC, FCA, and FINRA

Founded in 2019, Revolut Trading is part of the Revolut app (existing since 2015) and provides its users with an efficient way to invest (all in one place). It only allows investment in American stocks (+750 companies) free of charge up to one transaction per month, cryptocurrencies with a spread of 1.5%, and gold and silver with a spread of 0.25% when the market is open. On the other hand, there are no inactivity or withdrawal fees.

The app is super intuitive, and the account opening process is 100% digital, fast, and secure. Unfortunately, it still has a very low selection of financial products, and the account can only be denominated in dollars. Some of the non-accessible assets are ETFs, CFDs, Forex, bonds, and options. Furthermore, it does not have any educational or market research material, and it charges an annual custody fee of 0.12%.

Learn more in our in-depth Revolut Trading 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!