Webull Singapore

[sohguanh]

is it possible to deposit USD from DBS via FAST transfer to webull?

their TT deposit account is also DBS

I think it is better you chat with the CSO inside the app. I am using fast but transfer as SGD not USD

 

[ashethen]

I think it is better you chat with the CSO inside the app. I am using fast but transfer as SGD not USD

Okay thanks.

Webull Singapore isn't covered by SIPC insurance right?

 

[sohguanh]

Okay thanks.

Webull Singapore isn't covered by SIPC insurance right?

When you ask the CSO you can ask this question also correct? Unless they open one ticket for one question?

 

[ashethen]

When you ask the CSO you can ask this question also correct? Unless they open one ticket for one question?

Okay thanks

 

[sohguanh]

Okay thanks

Forget to inform you using fast transfer option to deposit, for me I meet some "bug" in ui display. After I tap Notify Webull of Transfer Completion the screen show white colour Processing and never turn to Received or Completed. I usually wait for about 10-15 secs then manually exit the screen back to main Webull app and then it refresh deposit received

 

[ashethen]

Forget to inform you using fast transfer option to deposit, for me I meet some "bug" in ui display. After I tap Notify Webull of Transfer Completion the screen show white colour Processing and never turn to Received or Completed. I usually wait for about 10-15 secs then manually exit the screen back to main Webull app and then it refresh deposit received

You deposit SGD and exchange on webulll for USD?

Deciding whether to use ibkr or webulll to DCA monthly for very long term investment. Webulll don't have SIPC insurance unlike ibkr, somemore webulll owner is China.

1k USD monthly if exchange sgd to USD on tiger vs ibkr, the difference is about SGD 4+. if exchange on webulll, I think the difference is sgd 6. Seems like use ibkr better, since $6 can cover the $2 conversion fee and most of the stock commission.

 

[revhappy]

You deposit SGD and exchange on webulll for USD?

Deciding whether to use ibkr or webulll to DCA monthly for very long term investment. Webulll don't have SIPC insurance unlike ibkr, somemore webulll owner is China.

1k USD monthly if exchange sgd to USD on tiger vs ibkr, the difference is about SGD 4+. if exchange on webulll, I think the difference is sgd 6. Seems like use ibkr better, since $6 can cover the $2 conversion fee and most of the stock commission.

IBKR will always be better. In the past the only reason to shun IBKR was the $10 minimum monthly commission. Now with that removed, there is no reason to look anywhere else. The FX fees saved itself will be massive.

 

[ashethen]

IBKR will always be better. In the past the only reason to shun IBKR was the $10 minimum monthly commission. Now with that removed, there is no reason to look anywhere else. The FX fees saved itself will be massive.

Yeah. I hope they bring ibkr lite to Singapore

 

[sohguanh]

You deposit SGD and exchange on webulll for USD?

Deciding whether to use ibkr or webulll to DCA monthly for very long term investment. Webulll don't have SIPC insurance unlike ibkr, somemore webulll owner is China.

1k USD monthly if exchange sgd to USD on tiger vs ibkr, the difference is about SGD 4+. if exchange on webulll, I think the difference is sgd 6. Seems like use ibkr better, since $6 can cover the $2 conversion fee and most of the stock commission.

I mention very early Webull currency change is not good so do own research. For my case it does not matter a lot since I am using small capital for each trade. USD 5 per trade assume I use IBKR 35 cents comm fee each trade is a lot! So ppl want to use Webull Spore to go for fractional shares at 0 comm fee usually small player slowly accumulating. Ppl who are big fish angler better to stick with IBKR. At least Webull Spore give a chance to small player to enter the US market and for that I am grateful for their appearance in Spore broker scene.

Actually to be frank Webull Spore 0 comm fee and minimum USD 5 per trade encourage investor to keep doing many trades. I just tabulate my previous month total number of transaction wow can reach 100+! So ppl careful of Webull Spore marketing strategy also. They can slowly get you hooked for life. One way to keep yourself in check is keep a note of the cumulative total amount you deposited into your Webull account. Never go outside of that and get hooked. Spore SSB, T-bill etc still do the larger investment.

My strategy. Stock trading is like your soccer field out and out strikers. Your bulk monies should focus on defensive midfield and defenders (Spore SSB, T-bill, SGX REIT stocks, UT etc).

 

[dappermen]

bring ibkr lite to Singapore

what is special w that?

 

[ashethen]

what is special w that?

0 commission

 

[dappermen]

0 commission

Why cant they do it for IBKR heavy (non-lite) ? and IBKR lite will have much better interface ?
if not , i rather not

 

[ashethen]

Why cant they do it for IBKR heavy (non-lite) ? and IBKR lite will have much better interface ?
if not , i rather not

dunno. only usa and india have ibkr lite

i'm sure the UI is the same

 

[dappermen]

dunno. only usa and india have ibkr lite

i'm sure the UI is the same

eeeeeeeeeeeewwwwwwwwwwwwww then forget it! Nothing comes free , w hidden costs

 

[ashethen]

eeeeeeeeeeeewwwwwwwwwwwwww then forget it! Nothing comes free , w hidden costs

Higher PFOF

 

[dappermen]

@ 1 point, all time fav topic: PFOF!!!!!!!!! lol
now all chiong to go for the most "attractive" aka Cheapest: be it an animal broker or bullish webull,
Olanda etc


but how is the UI of Webull? if compared to bad UI Ibkr?

 

[sohguanh]

0 commission

IBKR lite adopt pfof same as Webull to get their revenue so if you ok with that then can wait

 

[direbmem]

Anyone tried to fulfill the 6 trades by buying 6 x USD5 (min. value of fractional shares) worth of fractional shares?

 

[sohguanh]

Anyone tried to fulfill the 6 trades by buying 6 x USD5 (min. value of fractional shares) worth of fractional shares?

Yes I did just that. Now the new user promotion is no more AAPL but MSFT is it?

 

[sohguanh]

Btw new user will get 100 points automatically but it serve no purpose for Webull Spore customer currently as informed by CSO. Earlier still thought the points can redeem monies but no hmmm