Webull Singapore

[Fiona Kan]

I recently learned about uSMART, and it seems pretty good. Webull provides real-time market data, research reports, financial news, community discussions and other services, while uSMART offers unique features such as smart order placement and grid trading.

 

[Fiona Kan]

What is the commission rate for Webull?

 

[sohguanh]

What is the commission rate for Webull?

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

 

[AlanAA7]

Just reg to webull ..

noticed SGD in/out transfer is free
USD is not...

Exchange rate is not as good as other similar service provider.
No access to SGX.

Everything free until they say not free...
Roughly can see where they make money liao...

Just my 2c worth.

If you have DBS or POSB, use oversea remit. Webull account is from DBS. So DBS to DBS account transfer for USD is no fee.

 

[chowck]

How to increase deposit limit from DBS to Webull? I opened Webull a/c recently with just a small deposit, now cannot increase beyond the limit if I want to trade certain stocks. Or how to cancel the limit? Anyone encounter it?

 

[MichealScott]

THe referral promo for webull no more liao...Now need fund at least $100.

 

[year2013]

Hi, for foreigners who trade in US market (ETFs), how much tax needs to be paid on capital gain (any difference in STCG or LTCG)?
On dividends I know they deduct 30% tax.

 

[sohguanh]

Hi, for foreigners who trade in US market (ETFs), how much tax needs to be paid on capital gain (any difference in STCG or LTCG)?
On dividends I know they deduct 30% tax.

I use Webull Spore and sell before it is as what is stated in the website.

https://www.webull.com.sg/pricing?s..._VZOSRvoEL38j9DM8mxHe-LnsZBHQIEcaAuqhEALw_wcB

 

[year2013]

I use Webull Spore and sell before it is as what is stated in the website.

https://www.webull.com.sg/pricing?s..._VZOSRvoEL38j9DM8mxHe-LnsZBHQIEcaAuqhEALw_wcB

Sorry, didn't get you. I am not talking about fee, I am talking about tax on capital gains

 

[sohguanh]

Sorry, didn't get you. I am not talking about fee, I am talking about tax on capital gains

Ooh then really don't have as I sell before. But you mention foreigner so not sure what you mean. You foreigner open Webull Spore account sell liao wonder need pay tax after sell is that your question?

 

[CaptainWu]

Hi, for foreigners who trade in US market (ETFs), how much tax needs to be paid on capital gain (any difference in STCG or LTCG)?
On dividends I know they deduct 30% tax.

I believe even WeBull may not be able to answer as this is your own declaration since they are not US broker. I would say same tax rule followed say if you are US citizen but not really sure though.

 

[greatgreenman]

Hi, for foreigners who trade in US market (ETFs), how much tax needs to be paid on capital gain (any difference in STCG or LTCG)?
On dividends I know they deduct 30% tax.

There is no capital gains tax for SG.

 

[ekardo]

anyone on webull? I cannot find the money bull option in the app..where to find this option?

tried to login via browser but clicking on the money bull also link back to my account setting only..

 

[sohguanh]

Webull withdraw quite fast. Almost immediate. moomoo,poems,endowus,syfe all not so immediate. Guess I will be with Webull for a while longer. Withdrawal speed can be crucial as some lobangs very fast disappear if no fast leg fast hand.

 

[sohguanh]

anyone on webull? I cannot find the money bull option in the app..where to find this option?

tried to login via browser but clicking on the money bull also link back to my account setting only..

I check with CS they say below. So I also don't have.

Moneybull is only for margin accounts at present, please kindly note.

 

[ekardo]

I check with CS they say below. So I also don't have.

Moneybull is only for margin accounts at present, please kindly note.

oh...then can we convert our account to margin account ?

 

[sohguanh]

oh...then can we convert our account to margin account ?

I think it is best you contact the helpdesk via Client Service Feedback through the app. They quite prompt in reply. But take note usually margin accounts come with some conditions else why isn't it the default account given for new customer?

https://www.webull.com/help/faq/351-What-s-the-difference-between-margin-and-cash-account

 

[ekardo]

I saw this. The last condition is confusing. I have free stock that I haven’t sold or redeem. So means I cannot convert?

 

[sohguanh]

I saw this. The last condition is confusing. I have free stock that I haven’t sold or redeem. So means I cannot convert?

Best you contact the Client Services Feedback. They will reply better as I never convert before and margin to me is borrow monies to trade can be good or bad.

 

[andybian]

Hi Guys, did anyone notice on 24th July 2023 Webull's Moneybull structure has changed?

Previously I was able to sell options cash secured Put, the 'cash' required need not be cash because the contracts I held was far from expiry. So previously all my funds mainly will be sitting inside Moneybull, while waiting for my options to expire worthless, the funds are also generating interest in Moneybull

But on 24th July 2023, most of all my funds has automatically been redeemed. So now they are sitting in cash in my account. (I shifted to Webull because they are able to invest Idling cash in Moneybull)

But now it doesn't make sense anymore, as it changes the dynamics of ROI.

Anyone experience this too?