• long running

Trade (US - Update: $0 Brokerage) and AU Stocks from $1 Minimum Brokerage, Trade US and AU ETFs with $0 Brokerage @ Webull

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Webull have had a long running $0 brokerage for US and AU ETFs offer, but they have recently sweetened the deal with a reduced 'minimum' fee for Stock trading too (reduced from $4.90 to $1). I believe they are now among lowest in the market (for sub $10,000 trades) and are basically unbeatable CHESS sponsored trading platform for small investors (i.e. those who trade in small volumes as the 'minimum' brokerage sometimes becomes a crucial factor). I switched to them from Stake last year under a 12 month free trading promotion, and found them to be quite good with a great app. Hope this helps some of you.

Australian Stocks, ETFs and Warrants
Type Charges (AUD)
Commission – Stocks : $0.0003 x Trade Value (Min. $1)
Commission – ETFs : Waived

US Stocks and ETFs
Type Charges (USD)
Commission – Stocks : Waived
Commission – ETFs : Waived

HK Stocks and ETFs
Type Charges (USD)
Commission – Stocks : Waived
Commission – ETFs : Waived

Pricing Update (Apr'26): Webull has refreshed its pricing and moved to a $0 commission model for international markets. Thanks @ashdophy

Webull Referrals

Referral: random (230)

Referrer: 10 Free US Shares if referee deposits $500, maintains balance for 30 days and buys 1 share. Limit of 10 referrals.

Related Stores

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Comments

Search through all the comments in this post.
  • $10000 =$3 = stake

    • This. About to mention it too but in most cases, my trades were less than $10k so still less than Stake.

    • I would say $10,000 for individual trades is something that would cover more than 75% of investors (if not more), who invest some amount every month from their savings/salary. Plus ETFs are free which makes them no-brainer for ETFs. If someone does larger trades (>10k) regularly, then they'll benefit from a combination of the two platforms.

      • yeah it was just a comparison. i do $20k

      • I was thinking of dropping 10 million on RTX.

    • Ah……Stake is $3 for sub-$AUD30,000 trades, 0.01% above that.

  • If you actually care about user interface - there's nothing better than Stake.
    If price is your sole concern - then there are plenty of players out there who can keep you appetised.
    However, I like my Steak - Well Done.

    • What are the other Chess-sponsored platforms with $1 or less brokerage fee?

    • So true. Have tried Pearler and SelfWealth and both seem buggy/not as intuitive.

    • Their old web interface was better than the current interface. Its annoying having to reload/refresh multiple times a day for popup to work. Their withdrawal process also gone shit as well. They verify an already verified external account.

    • I care about interface and stake for me is one of the least useful interfaces.
      I'd happily put betashares, moomoo, ibkr above them.

    • there's nothing better than Stake.

      Only someone who is an absolute noob who has only ever used a couple of Australian providers before would say this.

      • Suffice to say whats 'best' is incredibly subjective and varies from person to person. Stake's app interface is basic and simple. Others have more features etc.

  • Is it wise to extract my current RAIZ portfolio which is 20k+ and shift it into this?

    Then build the Raiz again (lower fees for lower accounts)

    • You have a 2% deposit match ending in a few days at Webull so yes

    • I wonder if cgt would apply when cashing out of these funds vs other stocks? Do you know?

      • It would trigger a CGT on the sale from Raiz

        • unless you transfer the stocks

          • @Undercut 2241: @sjp1808
            Yes, no need to sell them - unless they're some proprietary stuff exclusive to the Raiz platform. Just transfer them, get in on the 2% promo and get yourself a referral link (ideally arranging to share this)…..no CGT will apply at all on a transfer and you ONLY have to initiate it prior to 31OCT so plenty of time to get this done.

  • Commission – Stocks : $0.0003 x Trade Value (Min. $1)

    But you say

    they are now lowest in the market

    Misleading as hell. "Trade Value" is nothing to gloss over.

    • Hmm, that's selective quoting, the rest of the sentence said "for small investors (i.e. those who trade in small volumes as the 'minimum' brokerage sometimes becomes a crucial factor)". But thanks for the critique, I've now edited it to mention $10,000 in there to make it clearer. Cheers.

  • Much prefer Stake. I moved this year and its a great platform.

    • I have used both and haven't noticed and key features which I miss after switching. The charts are easy to follow, has got watchlist and alert features, PayTo transfers are quick and sale proceeds get transferred out efficiently too. In terms of aesthetics the black theme of Stake app was quite cool, but Webull too has it now which is much nicer than the boring default of white and blue. Should work fine for an average investor, but each to their own I guess. It can feel like a hassle to switch platforms for minor fee savings.

  • Where does your money sit when you're out of the market? I know a guy who lost over 1 mill in the Rosewell broker collapse a few years back. Therefore I only use a big 4 broker.

    • https://www.webull.com.au/help/faq/1630

      Your funds are securely held in Client Money Trust Account(s) with our trusted banking partner, JP Morgan Chase, Sydney Branch.

    • Better to keep only bare minimum cash for trading in broker accounts. For ASX, Webull PayTo is quick so should be fine for daily trading.

    • Where does your money sit when you're out of the market

      Mine sits in Macquarie and National Bank's.

    • Pro-tip: for the combo of a decent interest rate and security for your cash when not invested buy some Betashares AAA, is a cash ETF, good interest rate, no brokerage at Webull and super low spreads. Much better than their CMA product.

      • Pro tips
        An investment in Betashare AAA does not receive the benefit of any government guarantee.

        So there are risk and you always get rates less than most online deposit taking institution due to management fees.

        Why bother taking on more risk for less return

        • @MrMarket

          You're correct it does not….but I did not imply otherwise. We are discussing what one's cash exposures can get whilst with your broker. Now some folks will want to keep in their HISA, with all that entails on the conditions side etc - and transfer over adhoc. Fair play.

          I prefer to keep in my brokerage account - especially as I'm currently taking advantage of the Webull 2% bonus. The extra I have not invested and essentially in 'cash' I buy units in AAA. That gets me ~4.25%, plus as its in Webull I get 2% on top of that. So there's no HISA in the land getting anywhere near that.

          Brokerage free and as the spread is so tight, I can sell what I need for each trade as required. I get it not everyone wants to handle that way but this is a Webull discussion and IMHO its vastly superior on returns and functionality to do this way rather than Webull's Cash management accounts.

          For all intents and purposes there is no more risk from this that sitting it in a regular bank account - we're really splitting hairs IMHO. but each to their own. :-)

          • @Daniel Plainview: Thanks for the reminder about this. Might tip in an additional $100k from my ubank account into AAA for the additional 2%.
            Will take 12 months to get the bonus though.
            Anyone know what the bonus is considered as from a tax perspective? Gift? Share related gains? Interest?

            • @danielh: @danielh
              You are welcome (lol I knew eventually SOMEBODY would appreciate the idea) - I did try and flag this in the HISA thread in the forums and for my trouble all I got was a neg vote or two. Quite the pat on the back. As I said to folks if you're putting cash in and using AAA, MMKT or BILL - as cash ETFs - just think of it (the 2% on top) as getting in on the highest paying 12mth term deposit in the country.

              Funny you ask about what the bonus is going to be deemed as by Webull in any ATO reporting they do - I literally asked this of them yesetrday, still waiting on a reply though they have said they've got the appropriate dept looking into it. Word amongst some financial boffins over at WP is that for individual accounts it's likely not seem as taxable - but for SMSFs etc that have to be audited etc it will likely go down as interest.

              • @Daniel Plainview: Very tempted to use this as the push I need to start my non super / non HISA investment journey, but I have a niggling feeling that a considerable market correction is on the way and my personal risk appetite is currently on the very low side. I also cannot see how the 2% inducement will not be taxable, but seems like a great offer all the same. :)

                • @Stalker: Hey.

                  RE: market correction. Well I will spare you the 'time in vs timing' lecture - I am sure you are aware of it or should be. My suggestion would be to DCA into the market then over say 12 x monthly buys. BUT put your entire fund allocation into Webull and put the balance from the 1st DCA buy into AAA ( which barring an end of world calamity is not going to be affected by such things) - thus 2% on all balance.

                  Well if it's taxed depends on if/how Webull reports it - apaprently past trade bonuses were not reported to ATO. And even if taxed as interest this is not enough to ruin a deal.

                  Hit me up if you want more info etc.

                  • @Daniel Plainview: Thanks mate - really appreciate the reply. Will give it some more thought. ;)

              • @Daniel Plainview: I soooo hope that it is not taxable! Looking to get back over $10k over 12 months. I ended up adding in $120k yesterday. Bought $20k of AAA yesterday and $100k of YMAX today (as I decided that I'd prefer the higher yield of 7.8% (+2% bonus) and could suck up potential risk of that decision).

                • @danielh: @danielh

                  Its your lucky day my friend, I chased Webull for a clarification and got this from them on whether they would be reporting it to the ATO - and I quote:

                  We do not report this Reward to the Australian Taxation Office.

                  You will need to seek your own tax advice regarding the proper tax treatment of this income.

                  We are unable to provide tax advice on this matter and recommend consulting with qualified tax professionals for guidance.

                  Kind regards,
                  Oliver
                  Webull Representative

                  So from that I gather Webull have with their superior knowledge decided it is NOT a taxable item under Australian tax law i.e or they would be required to report it to the ATO.

                  So that should be a nice surprise. Look at me doing the hard yards for ya'll. ;-)

  • I was tempted a few years ago by the fees and interest paid with Interactive Brokers but played it safe with Commsec then 18 month later CBA moves form Pershing Bank to….Interactive Brokers. Commsec tells me my funds are insured to make me feel better about the USD 20 trades

  • How’s their exchange rate for US stocks?

    • Not good

      • No deal then. IBKR works the best for US stocks.

    • cant you use something like wise to transfer and convert before hand?

  • I’m with CMC for Australian stocks ($0 brokerage on first $1000 per stock per day, great for DCA) and Interactive Brokers (IBKR) for US stocks (which beats almost all Australian competitors which rip you off with the currency spread).

    CMC’s fees are not as good when it comes to selling but I don’t sell much and if I was going to sell large amounts I could just transfer my CHESS holdings to Stake and use the $3 brokerage.

    • man, CMC is terrible. I used to use it, first off money took 2 days to arrive, fees were super high, $11 per trade for ASX, then they falsely advertise it being 0 commission international trading when you absolutely snake you off a commission every time you buy or sell in terms of FX rate.

      • Its instant now

        $0 brokerage for buying if you don't exceed $1000 once per day

        Not sure about international trading.

      • snake you off a commission every time you buy or sell in terms of FX rate

        They all do. But it depends on how long you are going to hold it for. Not good for trading.

        • but with webull it's a one time thing until you wanna convert back, each time you sell or buy CMC takes a cut of the FX rate

    • I believe there is a cost to transfer out broker to broker. Its not free anymore. Even superhero is starting to charge broker to broker transfers.

      • WeBull is free to transfer in or out.
        Superhero is $20 out but I have not yet been charged for the shares I shifted out last week.

  • Thanks OP, made my switch for the cheaper brokerage and this 2% cash bonus offer for share transfer or cash deposit min $2000.

    • Yup, that more folks are not all over this is crazy.

      2% which is risk free, plus chance to split the referral bonus of up to $3,000 if you know somebody nice ;-)

      FWIW there is still time to do this before 31OCT as transfers in just need to be INITIATED (thats the exact wording used in the T&C). Is an astonishingly snoozed on promotion.

      • +1. up to $20k of free bonus money has got to be one of the greatest ozbargain bargains of all time.

        • Yup, utterly bizarre that deals on saving a few bucks on this or that get massive votes and click throughs and this has gotten barely a whisper.

          Personally I've gotten around $30,000 from it - if it plays out as expected. - Have done my best to assist others to get into it but it's oddly crickets. Folks seem to think its too good to be true…..
          These are NOT referral links - just the general promo info etc:
          https://www.webull.com.au/activity
          https://www.webull.com.au/ko-yield/1756188678258-bc90e4

          There is still time to get in on it folks, opening your Webull account (ideally via a pre-arranged referral sharing) transfer from your current broker (which is the main thing as you have then from the Webull side INITIATED the transfer & met the promo conditions). A risk free 2.xx% on top of your normal return all for an hour or so of work!

  • Just getting into investing and looking for a platform.

    Why is stake preferred over say something like WeBull, Moomoo trading, Interactive brokers vs CommSec? Any recommendations?

    • @lexlean

      First thing is to educate yourself - IMHO this site is the best for sustainable investing: https://passiveinvestingaustralia.com/

      Umm look all platforms have their pros and cons. Stake is middle of the road on a lot of stuff. Kind of a safe pair of hands. The Webull promos are so good they have to be acted upon - I moved temporarily to Webull to access them, you should do the same while you can.

      Once you know the type of investing your are doing you will get a better idea of the platform to suit your needs. :-)

  • How does WeBull compare with IG?

    https://www.ozbargain.com.au/node/917141

    • Chess vs Non-chess

  • I tried signing up - gave up
    Requires drivers license photo (and selfie), rejected endlessly - out of focus, too much light, glare, blurred , can't read address etc etc
    Have a pixel 7, not the best camera, but far from the worst

    Sadly seems the way it is all going
    Be good if technology worked before forcing it on us with no alternative

    • Bummer - that part of their tech is a tad glitchy, perhaps try under natural light and you can go into manual mode to do it - allowing it to 'scan' was problematic for me as well - I had to try it a number of times and usual manual mode to get a photo to work. :-)

    • Requires drivers license photo (and selfie), rejected endlessly

      Did you try another ID ?

    • It's a bit tricky with driver's license. Try to take it with your license against a stand (in a vertical position), so the light doesn't glare on the card.

      I just did it today and it worked.

    • I can relate to this.
      I almost gave up too after so many retakes of my ID but finally, it went through.
      Their system was just so annoying …
      Couldn't they use a simpler one like many other brokers?
      Theirs was the most stringent sign up process I've had to go through :(

  • How this compare in terms of the cost for US stock with etoro and IBKR?

    IBKR doesn't have instant deposit, and eToro doesn't offer outside of trading hours buying option, so I am stuck between a rock and a hard place when I want to do a trade when the stock looks attractive before market open, and it's late after that.

  • Is the waived commission for ETFs just buy only? Or sell as well?

    • $0 brokerage for buy or sell on any ASX listed ETFs.

      • And US

        • Oh? US ETFs too? Ok didn't know as I'm purely on the ASX but thats good to know.

  • I don't see any option to transfer stocks under the transfer tab? It says to click portfolio transfer according to their website
    Am I missing something

    • What account type did you open?

      • Individual which is active. Support told me I have to activate AU shares and ETF under account which has been pending for 9 hours now

        • Thats odd. Doesn't reflect the same interface of my Webull app at all (android FWIW). You open app, then click in the middle down the bottom on the Webull logo, which gets you into your trading account area - then transfers, 2nd from the bottom is Share Transfer. If I was you I would call Webull's 1300 number and get walked through.

    • Transferring from Superhero? Stake? ?

  • How is the Forex (AUD to US) fees for comparison?

    • Is discussed to reasonable degree earlier in the post - IBKR are the best for FX rates, Webull is not as good as them but better than CMC, Stake and most others.

      I will sound like a broken record here but present discussions of anything on Webull other than their 2% + referral bonuses is kind of missing the headline. Their overall offering is good in all areas, best in some, but above aaverage in all (IMHO). Any negatives they have will be completely offset by the aforementioned bonuses, so I would make hay on those while there is still time. :-)

  • is IB still the best for trading options on US stock market?

    both optionsxpress and thinkorswim closed their doors to Aussies years ago….sigh

    • I find Schwab to be better than IBKR for options web UI, personally. And Schwab was the company who bought optionsxpress.

  • The 2% Match Bonus offer has been extended — you now have until 30 November 2025 to deposit or transfer more to your account.
    With the new AUD $5 million cap, you can potentially earn up to AUD$100,000* in total rewards.

  • FYI: Webull have extended their 2% cash match bonus promo to 30NOV25 for people to get in on.
    https://a1uweb.wbausecurities.com/content/approval/file/e872…

    AND………they have increased the eligible portfolio size you can bring over under the promo to $5m, so potentially you can get $AUD100,000 tax free on top of whatever returns your holdings also deliver.

    If folks want the broker to broker transfer form to expedite the process etc or just tips on how to ensure you open the right account type for your SMSF etc - happy to assist. :-)

    • hey mate, just stumbled onto this and pretty keen to get onboard but never transferred shares between brokers before.

      Do we submit the transfer request in Webull and Webull pulls the shares over automatically, or do we submit the transfer requests to our existing broker to transfer the shares to Webull?

      Any tips or advice on the transfer process is appreciated.

      Cheers.

      • @TwoDolla
        Submit direct to Webull, sometimes its best to let your incumbant broker know you've initiated a transfer away from them to Webull - I did this with mine, Stake. To Stake's credit they still did a verification process on me to validate the transfer request. But they were very rapid about it - 2-3 working days from submission of transfer form to Webull to holdings being in my Webull account. Lots of bad stories about Commsec being very tardy with transfers - having to be chased.

        As the big referral benefits seem over only, $50 on offer! :-( so here is the transfer form template:
        1. Transfer form - https://limewire.com/d/zgUD4#nLjQE7M1Vq - you need this form for complex account transfers, like SMSF, trusts, companies etc
        1a. Individual accounts DO NOT NEED to use this form - generally they will have a SHARE TRANSFER option in the trading account section of the app. All in one process within the app (the rest of the steps only apply for non-individual accounts).
        2. Download, complete, if you need more space for holdings etc reprint the page and attach multiple copies.
        3. Has to be accompanied by copies of photo ID (I used NSW drivers licence and front only was needed) - if the ID does not exactly match the name on the Webull account you may have to get it certified etc.
        4. Copy of a report from your incumbant broker showing the holdings you have & wish to transfer i.e with Stake this was a portfolio report, has names of holdings, name of account holder, HIN (may or may not be shown) etc.
        5. Email the completed forms to support@webull.com.au (the email address on the form is WRONG, lol I had to tell them this and have them correct it!)

        Hope that helps.

        • Thanks for the detailed info. Mine is an individual account so sounds pretty straight forward.

          Will sign up to Webull and take a look 👍🏻

  • Just had an email come through – if there's anyone who is still tempted by the 2% match bonus offer but hasn't jumped in yet there's a new referral bonus for Black Friday that might assist some folks who can find someone to work with on the referral to share the benefit.

    In short on top of the 2% match bonus which is for the invitee until the end of NOV25 – there is from 07NOV-30NOV25 a 1% referral fee paid to the inviter on what the person they refer brings over into their account up to a maximum of $AUD10,000.

    The shares transfered over have to be maintained until 31MAY26 for the 1% to be paid….and then the invitee will have to follow the rules of the 2% match bonus to get their payments for that. Note that ONLY their first share transfer is used to calculate any bonus.

    So for example, transfer a $1m portfolio over – using a friendly referral who says to go halves in whatever comes through . Invitee gets his $20,000 from the 2% plus $5,000 on top. Inviter gets $5k as well.

    Here's the links for the info for this 1% referral bonus – the usual 2% rules apply as discussed earlier and are also linked within it.
    1% referral promo info:
    https://www.webull.com.au/ko-yield/1761727088099-ef775c (this is a GENERIC link, has NO REFERRAL code in it!)

    T&C's in top right corner.

  • Does this work for ASX shares? I have mine in SelfWealth from a few years ago that I want to transfer out

    • Did you look at the T&C's? Works for ASX and US listed equities. :-)

  • Nobody seems to have mentioned Webull's Black Friday 1% referral bonus which runs through the end of NOV. Can be used with the 2% match bonus for the invitee.

    Is a nice combo if you can organise with the referral.
    https://www.ozbargain.com.au/comment/17062869/redir

  • FWIW I can personally attest that some of the pretty big sized referral payouts from promotions back in late 2025 have started to be actually paid out in cash by Webull.

    I also received my first installment of a bonus match from earlier in 2025, alas it was only a 1% promo - but again I have cash in my Webull account from it and purchased some more equities with it today.

    The negative is that of these referrals I've found that I've had to chase Webull up about the majority of them - this despite the 90 day funding requirements being exceeded by the invitees already. They advised that if it was not paid out already that it would have to be done MANUALLY by their promotions team, which they did for a few of the ones I asked to have checked - but there's been no explanation or basis given as to WHY these payments were missed by their system.

    I'm not saying it was deliberate but it's not a good look - as if the conditions are met, pay them out! If not, sure don't - but they can't fudge it hoping users don't chase up. I used the Live Support Chat - but they had to forward the request to their Promotions team for actioning, this took ~24hrs for a resolution but again there was no explanation given and of the 3 referrals I asked them to check they only did 2, meaning I had to place another request for the third one again today.

  • Pricing Update:

    Webull has refreshed its pricing and moved to a $0 commission model for international markets..

    • US Shares and ETFs: $0 brokerage
    • ASX ETFs: $0 brokerage
    • Hong Kong Shares and ETFs: $0 brokerage
    • China A-Shares and ETFs:$0 brokerage

    • ASX Shares: $0.0003 x Trade Value (Min. $1)

    • FX fee: 50 bps (A conversion fee applies when funds move between multiple currency accounts. No FX charges are incurred
      when trading within the same currency.)

    https://www.webull.com.au/pricing

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