Webull Singapore

[ashethen]

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.

yeah. could be a patented feature thats why.

i thought webull would have it since they're doing fractional shares

 

[sohguanh]

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.

You are not wrong in your analysis. But for me the reason is fees. I already have Syfe Custom which is DCA and I incur a 0.65% p.a for my tier. Now with Webull, I can do the same saving that 0.65% fees since it is 0 comm fees and support fractional shares. Furthermore Syfe Custom only allow us to invest on a list of ETF they curated. With Webull basically all the NYSE,NASDAQ listed ETF as long as support fractional shares I can buy.

The only downside so far is the scheduled and portfolio DCA as some ask which is not easily done via Webull. For me my Syfe Custom is 1 portfolio 1 ETF so it map seamlessly to Webull per buy trade. As for scheduled DCA I guess once a week or month manually login to place the buy trade.

 

[sohguanh]

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.

Actually they have so many features that overwhelm me as I was coming from Syfe trade UI. But I slowly learn and those additional good features I just look but dunno how to use it as I am a passive investor not trader. But the fact such features is available free? for us means we are lucky?

 

[~sabaisabai~]

Verified fractional shares supported but compared to Syfe I find the difference.
1 Syfe fractional shares many digit after the dot. Webull only 5 digit after the dot so actually is smaller?
2 Syfe price is more close to what you see even it is Market order. Webull can differ abit see luck as I try two fractional shares trade buy
3 Webull I hit fractional shares partially filled can you believe? Syfe I never hit such issues.

Lastly really 0 fees for US stock,ETF buy

can buy fractional shares in webull?

 

[dappermen]

i supposed

not just webull

 

[sohguanh]

can buy fractional shares in webull?

Yes verified. So far I know IBKR Syfe has and Webull is the most recent found at 0 comm fees. So essentially I am buying the same ETF I have in Syfe Custom in Webull. Subsequently I will use Webull to DCA can save paying Syfe 0.65% p.a fee

 

[Hot_Dog]

My next app gona be Webear, chop first.

 

[~sabaisabai~]

Yes verified. So far I know IBKR Syfe has and Webull is the most recent found at 0 comm fees. So essentially I am buying the same ETF I have in Syfe Custom in Webull. Subsequently I will use Webull to DCA can save paying Syfe 0.65% p.a fee

wah like that not bad leh.. cos i know ibkr can buy fractional share also

 

[~sabaisabai~]

I applied for the account this afternoon and my account is open already. I funded the account with 2k SGD. Funding is very similar to Tiger brokers direct debit. I prefer this because it is sure to hit my account, rather than doing the account transfer from my DBS account, there is always a fear whether my money will actually reach "my" account. The deposit was also instantaneous.

Webull offers 0% margin interest rate upto 50k. For my 2k SGD deposit my purchasing power is 7k. With margin account I dont need to convert to USD and also I dont need to pay any interest. I think this is an awesome convinience, which trumps brokers like Moomoo and Tiger.

I plan to buy 6 sharesof ARKK on Tuesday when markets open, just for fun. So I fulfil the 6 trades requirement to earn $100. ARKK is so cheap now, worth a punt and the amount is so small, it wouldnt really matter. I plan to keep the account for 1 month and after that withdraw everything.

how is the withdrawal? any charges? direct back to DBS MA?

 

[tour_de_forcez]

how is the withdrawal? any charges? direct back to DBS MA?

I personally have not tested it yet, but based on FAQ, it is FOC for SGD

https://www.webull.com.sg/help/faq/1062-Are-there-any-withdrawal-fees
This is a vast improvement over the other zero-comms competitor (TDA), since they charge USD 25 per withdrawal and your receiving bank would probably also charge an extra 10 SGD or so for the incoming TT. But then again, there probably isn’t a free lunch since Webull is apparently associated with a much higher extent of PFOF than TDA, based on my source above. And potentially FX charges associated with the spread as well?

 

[sohguanh]

wah like that not bad leh.. cos i know ibkr can buy fractional share also

IBKR need pay 35 cents per trade. If I got many ETF to DCA it add up

 

[Mia Nanasawa]

Which Singapore brokers offers fractional shares for U.S stocks?

WeBull, Syfe and Interactive Brokers

Are there anymore?
No idea why tiger and moomoo don't wanna offer fractional shares. Dumb business decision

 

[0218crawford]

their deposit is easy with DDA
but withdrawal a bit mafan. need to give bank statement. but at least one time setup.
customer service helpful though.

 

[0218crawford]

they should also change their SMS partner. always got problem to receive their SMS code.

 

[sohguanh]

their deposit is easy with DDA
but withdrawal a bit mafan. need to give bank statement. but at least one time setup.
customer service helpful though.

For me I have issues with eDDA. So revert to use FAST which is just as fast

 

[ashethen]

Anyone got their free aapl shares already?

Take how long for you to get since making your trades?

 

[sohguanh]

Anyone got their free aapl shares already?

Take how long for you to get since making your trades?

I feedback before your 2k and your first trade date + 30 days. Why is becuz need to maintain your 2k for 30 days criteria. For me will be late Jun.

 

[rpgfreak]

Can I ask about the free interest margin 50k. What is the leverage to this? Lets say I have USD2K I can utilize how much margin to do the trade thanks.

 

[churnmaster]

Can I ask about the free interest margin 50k. What is the leverage to this? Lets say I have USD2K I can utilize how much margin to do the trade thanks.

In a recent interview, the Webull CEO mentioned that the average AUM per account has dropped from 5K to 3K . .

 

[ashethen]

Can I ask about the free interest margin 50k. What is the leverage to this? Lets say I have USD2K I can utilize how much margin to do the trade thanks.

my SGD 2k have a buying power of USD 7k