Singapore investors love to argue about which online brokerage is “best.” But if your checklist includes cheap US trades, zero account fees, and idle cash that actually earns something, then Webull Singapore deserves a spot near the top.
Regulated by the Monetary Authority of Singapore (MAS), Webull offers global market access, a feature-rich trading platform, and one of the most generous idle cash yields around — all with no minimum deposit and no account fees.
Webull is best for:
- 💸 People who want cheap US trades – Its fees for US stocks and options are among the lowest.
- 🌏 Beginners who want to invest globally – You can start with no minimum deposit and even buy small parts of expensive US stocks (called fractional shares).
- 📊 Active traders – The app’s tools and charts are powerful, but still easy to use.
1. You Can Trade in More Than One Market
With Webull, you can invest in major markets:
- 🇺🇸 US: Stocks, ETFs, options, ADRs, and US Treasuries
- 🇸🇬 Singapore: SGX-listed stocks, REITs, ETFs, DLCs, and warrants
- 🇭🇰 Hong Kong & China: Stocks and ETFs, including China A-shares
This means you can diversify your portfolio easily.
2. Webull’s Fees Are Really Low
Here’s where Webull really stands out — it’s cheap.
📉 US Market Fees
- Stocks & ETFs: 0.025% (min. USD 0.50) during regular and extended hours or flat USD 0.90 per trade (promotional rate)
- Options: US$0.55 per contract – about 15% cheaper than other brokerages
- Fractional shares: From just USD 1
Platform fees: None
🇸🇬 Singapore Market Fees
- Free commission for your first year
- After that: 0.025% commission + 0.025% platform fee (min. S$1.60 per trade)
✅ No minimum deposit and no account maintenance fees – you only pay when you trade.
💡 My take: If you mainly buy US stocks or trade options, Webull is one of the cheapest ways to do it.
3. You Earn Interest Even When You’re Not Trading
This is my favourite feature: Moneybull.
Webull’s Moneybull automatically puts your unused money into a fund that earns interest — so even when you’re not investing, your money is still growing.
- 📈 Yield: Up to 3.98% p.a. (7-day USD yield, as of 21 Oct 2025)
- 🔁 Same-day access (T+0): Your money stays liquid — you can still use it to trade anytime for products with the same currency
- 💼 No platform fees
⚠️ Just note that the interest rate isn’t guaranteed. It can go up or down depending on the market. But it’s still much better than leaving your money idle.
If you’re saving up for your next trade, Moneybull means you’re not wasting that time.
Is Webull Safe?
Yes — Webull is MAS regulated and takes investor safety seriously:
- ✅ Licensed by MAS in Singapore. Client money is kept in trust accounts with DBS.
- ✅ Webull Financial LLC is regulated by SEC and FINRA in the US, with SIPC insurance (up to USD 500,000, including USD 250,000 for cash).
- 🔐 Extra safety: two-factor login, encryption, and separate accounts.
⚠️ Like all brokers, Webull can’t protect you from market risk — so always invest within your comfort level.
What You Should Know Before Signing Up
- 📁 SGX stocks are held under a custodian account, not CDP.
- 📉 No futures, forex, or crypto trading.
- 🌍 Smaller global market range than IBKR.
How Have I Been Using Webull:
I have recently shifted some funds to Webull because it does offer the lowest fees for US stocks and options. Since i’ve been actively trading options, I realised that I was paying double in commissions per trade with other brokerages. This was my main reason for moving my options trading to Webull. At the same time, the funds earmarked for options trading are automatically placed into Moneybull USD fund in the meantime to earn extra interest.
Current Webull Promotion: Get up to 3.5% p.a. interest bonus and up to S$280 AAPL Shares until 31 December 2025
Step-by-Step Guide To Sign Up For Rewards:
Step 1: Sign up via this link to join the promotion
- Must not have deposited funds into their account before the campaign period.
- Must not have transferred any shares into their account before the campaign period.
- Must not have previously opened and closed a Webull account.
Step 2: Earn S$280 Worth of AAPL Shares
- Deposit at least S$10,000 into your Webull account within 30 days of your first deposit.
- Maintain a daily net deposit of S$10,000 for 90 days.
- Claim the reward under the “My Rewards” within 30 days after the reward appears.
- Once completed, you’ll receive S$280 worth of Apple (AAPL) shares as your reward.
Step 3: Unlock Bonus Interest*
- Ensure your total deposits reach S$10,000 within 30 days of your first deposit.
- Complete 6 eligible buy trades within 180 days.
- Earn up to 3.5% p.a. in daily interest on your eligible deposits, valid for 180 days.
💡 Tip: You can continue trading during this period — your daily net deposit remains counted as long as it stays above the threshold.
Example Earning Scenario:
- Deposit and hold S$200,000 and complete 6 eligible buy trades within the 180-day period, you could potentially earn around S$3,500* in interest (interest paid out will be converted to AAPL shares of equivalent value) over 180 days!
*T&C apply. This advertisement has not been reviewed by the Monetary Authority of Singapore.
Final Verdict: Great for Most Singapore Investors
If your main goal is to invest in US stocks or options without paying high fees, Webull Singapore is one of the best choices available.
It’s cheap, beginner-friendly, and even helps your cash grow while you wait. It doesn’t do everything (like futures or forex), but for what most retail investors need, Webull hits the sweet spot.
