Webull Singapore

[direbmem]

revhappy and me will feedback if we later get the 100 worth of AAPL shares. TnC say within 7 business days so yesterday done the trade before 30 Jun will see got or not.

Anyway you can just apply don't fund yet take a look at the UI. I would say it has much more info than Syfe and seriously I am a bit overwhelmed but it is ok just need to get used to it. But I warn first the forex not so good so if you are a trader trades in the thousands really lose. But I am going for fractional shares so I won't see that difference alot and I am not a trader.

But the rates are still better than Syfe

 

[dappermen]

some overly worried abt PFOF (how could it be any cheaper? than any of the main players in sg)

Free things dont appeal to some

i felt so saddened reading : pp qn asking are they concerned abt hidden costs or whatnot https://forums.hardwarezone.com.sg/threads/ibkr-vs-moomoo-for-primarily-us-stocks.6756567/

How sure u know that those without hidden costs are with hidden costs ?

for sure i will stick to mine! TS changing or how is it after your trial? gotten ur free Appl?

i trust there is more than 1 webull penetrating sg, i dont dare to share some of them w gd deals as it is way too many options and endedup i will get qn for PFOF and so many invisible costs that no1 bothered
Consumers are eagle-sharp in picking up gd deals primarily

 

[tour_de_forcez]

Tried on my end as well last night:
1. Funded the minimum 2K
2. Exchanged 10 USD (this is the minimum they allow)
3. Did 6 x buy trades of VLTA consecutively (~2.24 USD per piece), selling them along the way to minimise exposure

Now have to wait at least 30 calendar days for the 60 + 40 USD worth of AAPL shares to be credited, i.e. 1-Jul-22.

Coincidentally, I was changing some USD in IBKR a few hours apart, so exchange rate comparison as such:
Webull = 0.723789
IBKR = 0.727775
Not too good, but I guess worth it just for the 100 USD AAPL shares.

And Webull cited to have really high PFOF on stocks:

 

[dappermen]

Brokerages​	PFOF on Stocks (Per 100 Share in S&P500)​	PFOF on Options (Per Contract)​	Allowed GME purchases entire time​	Other things to take in mind​
Robinhood​	YES (~$0.4674)​	YES (~$0.588)​	NO​	Known as 'RobbingHood' among redditors, partial trades, gives Margin to everyone by default, easy to get Options, very low margin rate (2.5%), confetti!​
WeBull​	YES (~$1.4897 !!!) <- WTF? Highway Robbery??​	YES (~$0.525)​	NO​	Mobile app is cool to use and has useful info, PFOF on stock fee way too high, entire extended hours for trading​
Chase​	NO​	BASICALLY NO (~$0.00)​	YES​	Redditors claim UI sucks especially for options (claims way too basic to do anything), No extended hours trading. Redditors really don't recommend​
Vanguard​	NO​	YES (~$0.173)​	YES​	Great low cost mutual fund choices, super boomer UI, banned leveraged ETFs, loved in r/personalfinance​
Fidelity​	NO​	YES (~$0.339)​	YES​	~0.08 sec trade, great low cost funds (has 0 fee mutual funds: ZERO funds), partial trades, known for good overall service, harder to get option access, checkings account no fees, loved in r/personalfinance​
Merrill Lynch​	NO​	YES (~$0.05)​	NO​	~0.012 sec trade (unreal speed. Almost rivals firms like Citadel), UI sucks for options. Recommend putting longer term assets here for preferred rewards for BoA cashback (up to 5.25%), mobile app very clean for long term holders​
IBKR Pro​	YES​	YES​	NO​	APIs, ~0.05 sec trade, very low margin rates (0.75%~1.57%). According to recent reports, IBKR Pro now practices PFOF​
IBKR Lite​	YES (Can't figure out cause merged with Pro)​	YES (Can't figure out cause merged with Pro)​	NO​	very low margin rates (2.57%​

tls for sharing! though the names are mostl from USA
but what is a "GME"??

 

[zzTiny]

Wait IB does pfof?

Are we able to get Chase or Merrill Lynch. If not are we able to get boomer vanguard?

 

[dappermen]

not all will be generous to disclose

Wait IB does pfof?

does it come as a surprise for some of u that "there is NO free lunch" at all (it is fine with me, do we xpect our brokers not to feed their admin and staff w high pay? ) so long my broker is decent w all the minimal requirements well touched on, ie gd to me

 

[ashethen]

can also buy 6x $0.01 options to get the free aapl shares right?

 

[sohguanh]

Wait IB does pfof?

Are we able to get Chase or Merrill Lynch. If not are we able to get boomer vanguard?

There is a reader who like to post about PFOF alot. Wait for him come in and reply. It seems IBKR also starting to practice PFOF hmmm

 

[sohguanh]

can also buy 6x $0.01 options to get the free aapl shares right?

I think it is better you ask the Customer Service within the app. They are quite responsive. I am into Webull primarily for the fractional shares trading and 0 comm fees for US stock. But Webull exchange rate quite bad so no good for traders who trade thousands but for ppl who trade small (fractional means small mah) that difference is not much. The fractional shares is minimum USD 5 can buy already.

 

[ashethen]

I think it is better you ask the Customer Service within the app. They are quite responsive. I am into Webull primarily for the fractional shares trading and 0 comm fees for US stock. But Webull exchange rate quite bad so no good for traders who trade thousands but for ppl who trade small (fractional means small mah) that difference is not much. The fractional shares is minimum USD 5 can buy already.

ibkr can also do fractional shares isnt it?

or is it not like webull, can do 0.0001, whereas ibkr can go as low as 0.1 only?

 

[sohguanh]

Tried on my end as well last night:
1. Funded the minimum 2K
2. Exchanged 10 USD (this is the minimum they allow)
3. Did 6 x buy trades of VLTA consecutively (~2.24 USD per piece), selling them along the way to minimise exposure

Now have to wait at least 30 calendar days for the 60 + 40 USD worth of AAPL shares to be credited, i.e. 1-Jul-22.

From the TnC it state "The AAPL fractional shares stated in Clauses 11 and 12 above will be automatically added to the Client’s Account within 7 business days." so no need wait 30 calendar days later ?

 

[sohguanh]

ibkr can also do fractional shares isnt it?

or is it not like webull, can do 0.0001, whereas ibkr can go as low as 0.1 only?


how to open the account?

i downloaded the app and there's no instructions to proceed with opening the account.
nothing on webull.com.sg
login on webull.com, can proceed to open an account, but only for US residents.

IBKR can do fractional shares but is it 0 comm fees per trade?
Webull fractional shares minimum is USD 5
How to open I use this url https://sgreferralpromo.com/post/webull-referral-promo/

I have issues funding using eDDA the screen just freeze so I revert to use FAST instead.

 

[ashethen]

IBKR can do fractional shares but is it 0 comm fees per trade?
Webull fractional shares minimum is USD 5
How to open I use this url https://sgreferralpromo.com/post/webull-referral-promo/

I have issues funding using eDDA the screen just freeze so I revert to use FAST instead.

I downloaded the wrong app.

Webull has this feature where you can construct your own portfolio with different weightage of stocks in it, and you can just buy your portfolio like an ETF right?

 

[sohguanh]

I downloaded the wrong app.

Webull has this feature where you can construct your own portfolio with different weightage of stocks in it, and you can just buy your portfolio like an ETF right?

Don't think so that is Syfe Custom I think. You can still construct but you cannot say put one buy trade of 100 it auto divide and buy for each ETF in your single portfolio.

 

[ashethen]

Don't think so that is Syfe Custom I think. You can still construct but you cannot say put one buy trade of 100 it auto divide and buy for each ETF in your single portfolio.

Oh

I thought I saw this feature for webull on YouTube last time.

Got mixed up.

It's actually for M1 finance

 

[tour_de_forcez]

From the TnC it state "The AAPL fractional shares stated in Clauses 11 and 12 above will be automatically added to the Client’s Account within 7 business days." so no need wait 30 calendar days later ?

Maybe you are right, let’s see…thanks for flagging this up!

 

[sohguanh]

Maybe you are right, let’s see…thanks for flagging this up!

Sorry you are right instead. Client service get back to me need to ensure 2k remain for 30 days not withdrawn so to fulfill they will not give you the aapl shares first.

Since I join and fund late I only know mine end Jun 2022 which is when the promotion end

 

[tour_de_forcez]

tls for sharing! though the names are mostl from USA
but what is a "GME"??

Suspect “GME” is just the GameStop ticker. Given the source, I think they use that column as an indicator of how strict the controls are for each brokerage firm.

 

[revhappy]

can also buy 6x $0.01 options to get the free aapl shares right?

Can. Their intention is to just get you hooked into the trading and then they want you to keep the money for 30 days. Chances are people with itchy hands will not leave money idle and will try their hands at trading and then get used to it and keep the account for ever. So many people have done that in the past with saxo, tiger, moomoo. They apply for the free share and then trade and then fund more and keep the account forever.

I made those 6 trades and I have uninstalled the app for now. Too addictive.

 

[RedsYWNA]

Oh

I thought I saw this feature for webull on YouTube last time.

Got mixed up.

It's actually for M1 finance

Pie Chart investing (M1 Finance) is quite an amazing feature for passive investors. Too bad none of the other brokerages are offering this in SG yet.