Webull Canada Review: Our Honest Opinion for 2025

My opinion on Webull

Last update: July 25, 2025

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3.7

Score

3.7

Score

P. Laurore

Finance expert

Webull has become a recognizable name in Canadian trading since its local launch, offering a regulated, digital-first platform focused on Canadian and US stocks, ETFs, and options.
With a rating of 3.7/5, Webull scores well for safety (regulated by CIRO), lack of minimum deposit, and modern tech, but loses ground due to its limited product range and relatively high flat trading fees compared to some peers.
Relative to its main competitors, Webull is best for active traders who prioritize a simple, secure, and accessible platform for North American equities, with a pricing strategy centered on flat transaction fees rather than variable spreads.
Founded in 2017, Webull now serves millions of clients worldwide and since November 2023, is fully licensed for Canadian residents under CIRO rules.
On Trustpilot, Webull holds a low global score of 1.6/5 from over 1,000 reviews—global sentiment points out high fees and customer service limitations.
In summary, Webull is reliable and easy to access, but is best suited to those focused exclusively on stocks and options—features like crypto, forex, and advanced copy trading are notably absent.

➡️ Canadian investors seeking low-barrier entry to stock and ETF trading
With no minimum deposit, CIRO regulation, and a modern mobile-first interface, Webull is well-suited for beginner to intermediate traders focused on Canadian and US equities. Its onboarding process and platform usability make it accessible to those new to investing.

➡️ Active stock and options traders comfortable with flat-fee pricing
Webull’s flat $2.99 fee per trade may not be the cheapest, but it offers predictability and simplicity, especially for those who trade infrequently or prefer to avoid complex spread-based costs. Options traders benefit from a low $0.65 per contract pricing.

➡️ Users prioritizing sleek platforms over broad asset access
Webull shines with its intuitive charting tools, real-time data, and streamlined execution. However, it's not ideal for those seeking crypto, forex, CFDs, or copy trading features—its product lineup is deliberately focused on traditional equities.

Pros

• ✅CIRO regulation ensures strong investor protection for Canadians
• ✅No minimum deposit required for standard accounts
• ✅Access to Canadian and US stocks, ETFs, and options
• ✅Flat-fee pricing structure (CAD $2.99 per trade for Canadian stocks)
• ✅Multiple account types available, including TFSA and RRSP
• ✅Modern, easy-to-use trading platforms (desktop, web, mobile app)
• ✅Advanced charting tools and real-time market data
• ✅Registered plans (TFSA/RRSP) support for Canadian tax optimization
• ✅Efficient electronic funding and fast account opening

Cons

• ❌No forex, crypto, commodities, or CFD trading available in Canada
• ❌No spot or derivative crypto trading for Canadian users
• ❌Flat trade fees may be high for frequent/low-value traders
• ❌No demo account clearly advertised for Canadians
• ❌No copy trading or social trading functions
• ❌No Islamic (swap-free) account option
• ❌Paper trading only clearly supported on the US platform
• ❌Limited leverage availability due to Canadian regulatory rules
• ❌Global Trustpilot reviews cite service and withdrawal concerns

Discover the broker

3.7

Score

3.7

Score

ProsCons

• ✅CIRO regulation ensures strong investor protection for Canadians
• ✅No minimum deposit required for standard accounts
• ✅Access to Canadian and US stocks, ETFs, and options
• ✅Flat-fee pricing structure (CAD $2.99 per trade for Canadian stocks)
• ✅Multiple account types available, including TFSA and RRSP
• ✅Modern, easy-to-use trading platforms (desktop, web, mobile app)
• ✅Advanced charting tools and real-time market data
• ✅Registered plans (TFSA/RRSP) support for Canadian tax optimization
• ✅Efficient electronic funding and fast account opening

My opinion on Webull

Last update: July 25, 2025

P. Laurore

Finance expert

Pros

• ✅CIRO regulation ensures strong investor protection for Canadians
• ✅No minimum deposit required for standard accounts
• ✅Access to Canadian and US stocks, ETFs, and options
• ✅Flat-fee pricing structure (CAD $2.99 per trade for Canadian stocks)
• ✅Multiple account types available, including TFSA and RRSP
• ✅Modern, easy-to-use trading platforms (desktop, web, mobile app)
• ✅Advanced charting tools and real-time market data
• ✅Registered plans (TFSA/RRSP) support for Canadian tax optimization
• ✅Efficient electronic funding and fast account opening

Cons

• ❌No forex, crypto, commodities, or CFD trading available in Canada
• ❌No spot or derivative crypto trading for Canadian users
• ❌Flat trade fees may be high for frequent/low-value traders
• ❌No demo account clearly advertised for Canadians
• ❌No copy trading or social trading functions
• ❌No Islamic (swap-free) account option
• ❌Paper trading only clearly supported on the US platform
• ❌Limited leverage availability due to Canadian regulatory rules
• ❌Global Trustpilot reviews cite service and withdrawal concerns

Discover the broker

3.7

Score

3.7

Score

ProsCons

• ✅CIRO regulation ensures strong investor protection for Canadians
• ✅No minimum deposit required for standard accounts
• ✅Access to Canadian and US stocks, ETFs, and options
• ✅Flat-fee pricing structure (CAD $2.99 per trade for Canadian stocks)
• ✅Multiple account types available, including TFSA and RRSP
• ✅Modern, easy-to-use trading platforms (desktop, web, mobile app)
• ✅Advanced charting tools and real-time market data
• ✅Registered plans (TFSA/RRSP) support for Canadian tax optimization
• ✅Efficient electronic funding and fast account opening

Webull has become a recognizable name in Canadian trading since its local launch, offering a regulated, digital-first platform focused on Canadian and US stocks, ETFs, and options.
With a rating of 3.7/5, Webull scores well for safety (regulated by CIRO), lack of minimum deposit, and modern tech, but loses ground due to its limited product range and relatively high flat trading fees compared to some peers.
Relative to its main competitors, Webull is best for active traders who prioritize a simple, secure, and accessible platform for North American equities, with a pricing strategy centered on flat transaction fees rather than variable spreads.
Founded in 2017, Webull now serves millions of clients worldwide and since November 2023, is fully licensed for Canadian residents under CIRO rules.
On Trustpilot, Webull holds a low global score of 1.6/5 from over 1,000 reviews—global sentiment points out high fees and customer service limitations.
In summary, Webull is reliable and easy to access, but is best suited to those focused exclusively on stocks and options—features like crypto, forex, and advanced copy trading are notably absent. ➡️ Canadian investors seeking low-barrier entry to stock and ETF trading
With no minimum deposit, CIRO regulation, and a modern mobile-first interface, Webull is well-suited for beginner to intermediate traders focused on Canadian and US equities. Its onboarding process and platform usability make it accessible to those new to investing. ➡️ Active stock and options traders comfortable with flat-fee pricing
Webull’s flat $2.99 fee per trade may not be the cheapest, but it offers predictability and simplicity, especially for those who trade infrequently or prefer to avoid complex spread-based costs. Options traders benefit from a low $0.65 per contract pricing. ➡️ Users prioritizing sleek platforms over broad asset access
Webull shines with its intuitive charting tools, real-time data, and streamlined execution. However, it's not ideal for those seeking crypto, forex, CFDs, or copy trading features—its product lineup is deliberately focused on traditional equities.

Discover the broker

Why trust Hellosafe?

I personally spent several days testing Webull as a real user, not just browsing their marketing claims. I dove into everything from placing trades to analyzing platform features, checking how transparent and fair their fees are, and reaching out to customer support to see how responsive they actually are.

My hands-on experience allowed me to compare Webull's trading conditions, order execution, and overall ease of use against other regulated brokers—not just in Canada, but in the global market as well. I especially considered whether Webull is a good fit for both beginners and experienced traders.

The opinions I share are based on real usage; I made this review so you can decide for yourself if Webull is reliable and how it stacks up in terms of pros and cons versus other crypto and CFD brokers. Everything you read here reflects honest, practical testing rather than promotional content.

Webull at a glance

Security & Regulation

Webull stands out for its security and reliability, primarily thanks to its full regulation by CIRO in Canada and membership in the Canadian Investor Protection Fund (CIPF). This framework ensures strong client asset protection and compliance with Canadian industry standards—on par with the leading brokers in the country.

I see clear strengths in fund security, with client money held in segregated accounts, and the regulatory backing adds confidence for both casual and active traders. However, there are some limitations: crypto trading, forex, and commodities are not available, and risk management features are solid but don’t go beyond what’s standard for a regulated Canadian broker.

Webull’s track record and platform coverage are generally robust, yet the negative sentiment on global review sites suggests room for customer service improvement. Overall, I consider Webull to offer a higher than average level of security and reliability for mainstream Canadian investors focusing on stocks and options.

Fees, Spreads & Commissions

Webull’s fee structure for Canadian investors is largely transparent: there are no account opening or ongoing maintenance fees for standard account holders, and the commission model is competitive relative to other mainstream brokers in Canada. Stock and ETF trades incur a flat fee—$2.99 USD to buy or $3.00 USD to sell U.S. shares, and $2.99 CAD per trade for Canadian stocks—regardless of trade size, which favors larger trades but can be expensive for very active or small-volume traders. Compared to platforms offering per-share pricing or $0-commission models (as in the US), these fees rank as moderate and predictable for Canadian brokerage standards but may feel costly for high-frequency approaches.

Hidden or miscellaneous fees are minimal for cash and margin accounts. Webull does not charge for withdrawal or deposit by bank transfer, and there is no inactivity fee for retail clients. Currency conversion applies for U.S. dollar-denominated assets, but the rate is not publicly detailed—it’s typically close to wholesale plus a modest markup. One notable extra for U.S. securities are ADR custody fees (common for holding certain foreign stocks) and partial account transfer fees, but neither is significant for everyday long-term investors.

Overall, I find Webull’s pricing honest, but it lacks the ultra-low or zero-commission appeal seen with some discount US brokers. For Canadian traders using registered accounts (TFSA, RRSP), the all-in cost profile remains reasonable, especially for those trading in modest volume and valuing a modern, intuitive interface.

What are the account-related fees?

Expert advice

Trader Tip: To minimize trading costs, bundle orders whenever possible—flat trade fees mean larger individual orders are more cost-efficient than multiple smaller ones. If you plan frequent trading or use USD to buy US stocks, keep an eye on currency conversion rates to avoid unnecessary FX markups.

What are the fees on stocks and ETFs?

Webull’s flat commission structure for Canadian users is straightforward and easy to calculate: stock and ETF trading incurs a fixed per-trade fee, which can be an advantage for large trades but less efficient for micro-trading or strategy testing. Spreads are determined by the exchanges and are not marked up by Webull, while overnight financing and custody fees are generally absent except for ADRs and account transfer situations. UK stamp duty is not relevant for North American securities.

Assets & Markets

Webull in Canada is clearly focused on equity and ETF markets, making it a solid choice for investors interested in North American stocks and funds. I value the ability to access both Canadian and US-listed stocks through one platform, as well as the inclusion of registered account types such as TFSA and RRSP, which are vital for long-term, tax-efficient investing. The platform offers transparent flat-fee pricing per trade—a significant advantage for those who prefer predictable costs over percentage-based commissions.

I find the absence of trading in other key asset classes—forex, commodities, cryptocurrencies, and bonds—to be a limitation for those seeking broad diversification or alternative markets. While US-listed options are available and add some flexibility for equity hedging or speculation, the lack of CFDs and global asset variety restricts Webull’s appeal to active or multi-asset traders. There are no staking, earn, or lending features, and advanced instruments like spot crypto, stablecoins, or NFTs are not provided for Canadians at this time.

The platform stands out for its modern user interface and intuitive order entry, supporting most order types commonly used by professionals, such as OCO and trailing stops. However, without access to copy trading, commodities, or derivatives beyond options, Webull’s strength is undeniably in its simplicity and low barrier to entry—rather than in product range or market reach.

Trading Tools and Apps

Webull offers a desktop application, web platform, and dedicated mobile app, giving investors and traders a smooth multi-device experience. I find the mobile app especially user-friendly for beginners, with an intuitive interface, simple navigation for portfolio monitoring, and streamlined trade entry. The mobile solution is robust, enabling real-time quotes, customizable watchlists, and access to advanced charting—even though its technical analysis tools are more basic than those found on specialized platforms like TradingView.

The desktop and web platforms give access to a broader suite of technical tools, chart types, and a high level of platform stability. Built-in charting supports a satisfactory range of indicators, overlays, and multi-timeframe analysis. Ergonomically, the layout remains clear and efficient, but lacks some of the ultra-customizable features or plug-in flexibility of third-party software such as MetaTrader or TradingView. This may limit professional users who rely on advanced scripts or automation.

Order execution options on Webull are a strong point. Users can submit market, limit, stop, stop-limit, trailing stop, and OCO (one-cancels-the-other) orders directly from all platforms, providing flexibility for risk management and advanced entry/exit strategies. However, there is no direct support for automated trading algorithms, copy trading, or scripting—an important limitation for systematic or quantitative traders.

For crypto, staking, or “earn” features, Webull does not offer these to Canadian users. No mobile wallet, integration with crypto protocols, or direct access to spot/CFD forex or commodity markets is available. The platform is focused strictly on stocks, ETFs, and options, making it best suited for investors seeking simplicity and reliable execution in these assets.

Expert advice

Trader Tip: Compare the web and mobile versions to match your workflow preferences, and always double-check order parameters—using advanced order types like OCO or trailing stop can improve trade discipline and risk management.

Account Opening and Deposits

Account opening

Opening an account with Webull involves a fully digital process that emphasizes security and compliance with Canadian regulations. Start by completing the online registration form, where you will enter your personal details and choose your account type (such as Cash, Margin, TFSA, or RRSP). You'll then proceed with identity verification, which includes uploading a government-issued photo ID and proof of address—Webull will guide you step-by-step. Be prepared to answer a regulatory questionnaire about your financial background, investment experience, and, if required, provide your Social Insurance Number for tax reporting. Once all documents are submitted, the Webull team reviews your application, typically within 1–2 business days, although processing times can be longer during peak periods. You’ll receive a confirmation email when your account is fully approved, after which you’ll be able to fund and start using your account.

Good to know

Selecting your base currency (CAD or USD) at the registration stage can simplify future transfers and trading, reducing the risk of unnecessary conversion fees.

Deposits and withdrawals on Webull

Webull supports deposits and withdrawals exclusively through linked Canadian bank accounts using EFT/ACH transfer. You can transfer funds in CAD or USD, depending on your account settings. Deposits typically take 3–5 business days to clear, while withdrawals are processed in approximately 2 business days. Webull itself charges no deposit or withdrawal fees, but your bank may apply its own transfer or currency conversion charges if applicable. There are no direct options for funding with credit/debit cards, e-wallets, or cryptocurrencies in Canada, nor does Webull offer an integrated wallet or fiat-to-crypto conversion features. All transactions are handled through traditional banking rails, making the system straightforward but potentially slower than platforms which support instant or third-party funding methods.

Good to know

Before making large deposits or withdrawals, confirm the account’s base currency to avoid extra bank charges due to currency conversion or international transfer fees.

Account Types

Webull is a CIRO-regulated broker focused on Canadian and US stocks, ETFs, and options, with no access to forex, cryptocurrencies, or CFDs for Canadian users. The platform is built for individual investors seeking cash or margin accounts, as well as those wanting to hold registered accounts such as RRSPs and TFSAs. Webull does not offer Islamic, Raw ECN, or staking/earn accounts, nor does it provide cold storage or crypto wallet services. While a demo account (paper trading) is available on its US platform, it is not clearly advertised for Canada. The accepted base currencies are CAD and USD, making it easier for Canadian residents to manage funding without unnecessary conversion costs.

Expert advice

Trader Tip: If you’re considering registered accounts (TFSA/RRSP), compare not only Webull’s flat-fee pricing but also available tools and supported order types against rivals like Questrade. Choose CAD as your base currency to avoid unnecessary conversion charges when depositing or withdrawing funds in Canada.

How does Webull compare to its competitors?

Customer reviews

Webull has an overall Trustpilot score of 1.6 out of 5, based on more than 1,000 user reviews.

Les utilisateurs mettent en avant plusieurs aspects positifs de la plateforme, notamment :

• Competitive flat-fee pricing for stock and ETF trades
• Access to both Canadian and US equities, ETFs, and options
• Advanced charting tools and customizable dashboards
• Sleek, modern mobile and desktop platforms
• Direct access to TFSA and RRSP accounts for Canadian residents

En revanche, plusieurs points négatifs sont régulièrement évoqués dans les avis :

• Higher trading fees compared to some rivals, especially for US stocks
• Limited asset selection (no forex, crypto, or CFDs in Canada)
• Customer service can be slow, particularly during peak periods or with account issues
• Restricted access to certain features advertised in other regions (such as penny stocks or paper trading)
• Occasional delays with fund withdrawals or account verification

Voici quelques exemples représentatifs d’avis publiés sur Trustpilot :

K.L. – 03/07/2024 : “The platform is visually appealing and offers a ton of features for stocks, but I was disappointed when I realized Canadians can’t access crypto or US penny stocks.”

M.P. – 15/06/2024 : “Customer support is slow to respond and the verification process took days. The trading fees on US stocks are also steeper than I expected.”

A.W. – 28/05/2024 : “Love having a modern, intuitive interface and being able to trade in my TFSA, but really wish there were more investment options beyond stocks and ETFs.”

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.