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My Review of the Webull Platform (July 2025)

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My opinion on Webull

Last update: July 2, 2025
WebullWebull
3.2
hellosafe-logoScore
P. Laurore
P. LauroreFinance expert

Webull Canada offers a well-established trading platform for Canadian investors, known for its robust charting, user-friendly mobile experience, and comprehensive access to Canadian and US stocks, ETFs, and options.
The main appeal is its advanced trading tools and zero account minimum for individuals, but fees per trade are higher than discount rivals.
Regulation and security are strong: Webull Canada is authorized by CIRO and covered by CIPF, instilling confidence for both beginners and experienced traders since its launch in 2022; over hundreds of thousands use its services globally.
On Trustpilot, Webull has a score of 2.5/5 from 298 reviews, reflecting mixed experiences, with positives in usability tempered by feedback on fees and customer support.
Compared to mainstream competitors, Webull excels with its research tools and platform sophistication, though its flat-fee pricing and limited asset classes make it less cost-effective for frequent traders or those seeking diversification beyond stocks, ETFs, and options.

In my experience, this broker is best suited to the following trader profiles:

➡️ Beginners: Webull’s intuitive mobile and desktop platforms, plus a free paper trading account, let new traders learn and practice without risking real capital.
➡️ Active stock and ETF traders: For those trading primarily North American stocks and ETFs, Webull’s real-time data, customizable analysis tools, and variety of order types are ideal.
➡️ Intermediate users who value research: Webull’s integrated analysis tools, advanced charting, and seamless execution empower self-directed investors comfortable making independent decisions.

  • No minimum deposit required for individual accounts
  • Regulated by CIRO and covered by CIPF for strong investor protection
  • Wide range of Canadian and US-listed stocks, ETFs, options, and OTC securities
  • Multiple account types (Margin, Cash, RRSP, TFSA) cater to Canadian investors
  • Advanced charting tools and in-depth research features
  • User-friendly, modern platforms (mobile app, desktop, web)
  • Free demo (paper trading) mode for learning and strategy testing
  • No deposit or withdrawal fees for EFT transfers
  • Trading fees of CAD $2.99 (Canada) or USD $2.99 (US) per trade are higher than typical discount brokers
  • No forex, CFD, commodity, or crypto trading for Canadian users; only stocks, ETFs, options, and OTC securities
  • No copy trading or Islamic (swap-free) accounts
  • Limited customer support hours and mixed user feedback regarding response speed
WebullWebull
3.2
hellosafe-logoScore
  • No minimum deposit required for individual accounts
  • Regulated by CIRO and covered by CIPF for strong investor protection
  • Wide range of Canadian and US-listed stocks, ETFs, options, and OTC securities
  • Multiple account types (Margin, Cash, RRSP, TFSA) cater to Canadian investors
  • Advanced charting tools and in-depth research features
  • User-friendly, modern platforms (mobile app, desktop, web)
  • Free demo (paper trading) mode for learning and strategy testing
  • No deposit or withdrawal fees for EFT transfers

My opinion on Webull

Last update: July 2, 2025
P. Laurore
P. LauroreFinance expert
  • No minimum deposit required for individual accounts
  • Regulated by CIRO and covered by CIPF for strong investor protection
  • Wide range of Canadian and US-listed stocks, ETFs, options, and OTC securities
  • Multiple account types (Margin, Cash, RRSP, TFSA) cater to Canadian investors
  • Advanced charting tools and in-depth research features
  • User-friendly, modern platforms (mobile app, desktop, web)
  • Free demo (paper trading) mode for learning and strategy testing
  • No deposit or withdrawal fees for EFT transfers
  • Trading fees of CAD $2.99 (Canada) or USD $2.99 (US) per trade are higher than typical discount brokers
  • No forex, CFD, commodity, or crypto trading for Canadian users; only stocks, ETFs, options, and OTC securities
  • No copy trading or Islamic (swap-free) accounts
  • Limited customer support hours and mixed user feedback regarding response speed
WebullWebull
3.2
hellosafe-logoScore
  • No minimum deposit required for individual accounts
  • Regulated by CIRO and covered by CIPF for strong investor protection
  • Wide range of Canadian and US-listed stocks, ETFs, options, and OTC securities
  • Multiple account types (Margin, Cash, RRSP, TFSA) cater to Canadian investors
  • Advanced charting tools and in-depth research features
  • User-friendly, modern platforms (mobile app, desktop, web)
  • Free demo (paper trading) mode for learning and strategy testing
  • No deposit or withdrawal fees for EFT transfers
Webull Canada offers a well-established trading platform for Canadian investors, known for its robust charting, user-friendly mobile experience, and comprehensive access to Canadian and US stocks, ETFs, and options.
The main appeal is its advanced trading tools and zero account minimum for individuals, but fees per trade are higher than discount rivals.
Regulation and security are strong: Webull Canada is authorized by CIRO and covered by CIPF, instilling confidence for both beginners and experienced traders since its launch in 2022; over hundreds of thousands use its services globally.
On Trustpilot, Webull has a score of 2.5/5 from 298 reviews, reflecting mixed experiences, with positives in usability tempered by feedback on fees and customer support.
Compared to mainstream competitors, Webull excels with its research tools and platform sophistication, though its flat-fee pricing and limited asset classes make it less cost-effective for frequent traders or those seeking diversification beyond stocks, ETFs, and options.

In my experience, this broker is best suited to the following trader profiles:

➡️ Beginners: Webull’s intuitive mobile and desktop platforms, plus a free paper trading account, let new traders learn and practice without risking real capital.
➡️ Active stock and ETF traders: For those trading primarily North American stocks and ETFs, Webull’s real-time data, customizable analysis tools, and variety of order types are ideal.
➡️ Intermediate users who value research: Webull’s integrated analysis tools, advanced charting, and seamless execution empower self-directed investors comfortable making independent decisions.
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Why trust Hellosafe?

I personally opened and funded a Webull account, using both the app and desktop platform to place real trades and test out every available feature. I spent time comparing charting tools, researching both US and Canadian stocks, and evaluating how transparent the fee structure actually felt while I traded.

During my review, I made deposits and withdrawals, contacted customer support through the app and by phone, and checked how fast and helpful the responses were. I didn’t just look at what Webull advertises—I compared my experience with other regulated brokers in Canada, including how Webull’s platform and pricing stack up for both beginners and more active traders.

My impressions are shaped by real usage: where Webull delivers smooth execution and market data, where the fee structure stands compared to the competition, and what might be missing for those wanting more asset choices or quicker support. Everything here reflects my direct, hands-on test—not just what’s on the website or in marketing materials.

Webull at a glance

FonctionnalitéDétail
💰 Dépôt minimumNo minimum (individual accounts); $100,000 for entity accounts
🛡️ RégulationCIRO (Canadian Investment Regulatory Organization)
🪙 Licence cryptoNot available; only crypto market data and charts (no trading)
📃 Enregistrement FSMANot registered
📈 Actifs disponiblesCanadian/US stocks, ETFs, US-listed options, 450+ OTC securities
📊 Plateformes de tradingWebull App (iOS, Android), Webull Desktop, Webull Web Platform
🛠️ Outils de tradingReal-time data, advanced charting, watchlists, paper trading, research
📝 Compte démoYes (paper trading, no specified time or capital limit)
🕌 Compte islamiqueNot available
🏁 Ordres clésMarket, limit, stop, stop-limit, trailing stop, OCO
⚡ Effet de levierNot specified; margin trading available but details not public for Canada
💸 Frais$2.99 CAD/trade (Canada); $2.99 USD/trade (US); $50 NSF fee
📞 Support clientPhone, email, in-app message; available during market hours
🌟 Avis Trustpilot2.5 / 5 (approx. 298 reviews)
Récapitulatif des fonctionnalités de Webull
💰 Dépôt minimum
Détail
No minimum (individual accounts); $100,000 for entity accounts
🛡️ Régulation
Détail
CIRO (Canadian Investment Regulatory Organization)
🪙 Licence crypto
Détail
Not available; only crypto market data and charts (no trading)
📃 Enregistrement FSMA
Détail
Not registered
📈 Actifs disponibles
Détail
Canadian/US stocks, ETFs, US-listed options, 450+ OTC securities
📊 Plateformes de trading
Détail
Webull App (iOS, Android), Webull Desktop, Webull Web Platform
🛠️ Outils de trading
Détail
Real-time data, advanced charting, watchlists, paper trading, research
📝 Compte démo
Détail
Yes (paper trading, no specified time or capital limit)
🕌 Compte islamique
Détail
Not available
🏁 Ordres clés
Détail
Market, limit, stop, stop-limit, trailing stop, OCO
⚡ Effet de levier
Détail
Not specified; margin trading available but details not public for Canada
💸 Frais
Détail
$2.99 CAD/trade (Canada); $2.99 USD/trade (US); $50 NSF fee
📞 Support client
Détail
Phone, email, in-app message; available during market hours
🌟 Avis Trustpilot
Détail
2.5 / 5 (approx. 298 reviews)
Récapitulatif des fonctionnalités de Webull

Security & Regulation

Webull offers security and reliability that align with the standards set by Canadian regulatory authorities. As a CIRO-regulated broker and a member of the Canadian Investor Protection Fund (CIPF), Webull provides institutional-level client protection for Canadian accounts, delivering confidence in the event of firm insolvency. All customer funds are held in segregated accounts and are not mixed with the broker’s operational capital—a required best practice in the Canadian investment industry.

Risk management features are reasonable for an equities and options broker, with a robust suite of order types including stop and stop-limit, and strong two-factor authentication options. However, Webull does not support trading in forex, commodities, or cryptocurrencies for Canadian clients, so there is no need for cold wallet storage or crypto-specific safeguards.

Webull’s reputation in Canada is solidifying, though user feedback is somewhat mixed, often reflecting platform usability and fee structure rather than security issues. Its global track record is well established, and the broker’s ongoing compliance with tier-1 North American standards reinforces its trustworthiness, particularly for stock and ETF investors.

IndicatorDescriptionEvaluation
Regulatory complianceRegulated by CIRO, CIPF member, operates fully under Canadian capital markets regulation5/5
Fund securityClient funds segregated with major banks; no crypto custody for Canadian users4.5/5
Risk management toolsComprehensive equity/ETF order types, 2FA, no negative balance on equities4/5
Notoriety and coverageGrowing presence, moderate user reviews (2.5/5 Trustpilot), established North American brand3.5/5
Regulatory compliance
Description
Regulated by CIRO, CIPF member, operates fully under Canadian capital markets regulation
Evaluation
5/5
Fund security
Description
Client funds segregated with major banks; no crypto custody for Canadian users
Evaluation
4.5/5
Risk management tools
Description
Comprehensive equity/ETF order types, 2FA, no negative balance on equities
Evaluation
4/5
Notoriety and coverage
Description
Growing presence, moderate user reviews (2.5/5 Trustpilot), established North American brand
Evaluation
3.5/5

Fees, Spreads & Commissions

Webull’s fee structure in Canada centers around flat commissions for stock and ETF trading, setting it apart from commission-free models popular with some competitors. For every Canadian or US-listed stock or ETF, I pay $2.99 per trade, which is simple and transparent but may be less competitive for active or high-frequency traders. There are no account opening or maintenance fees, which helps keep entry costs low, but the per-trade charges can add up, particularly for smaller transactions or those who execute frequent trades.

Hidden costs are minimal—there are no deposit or withdrawal fees when using EFT. However, currency conversion rates can be a significant consideration for Canadians trading US-listed assets, as exact rates are not disclosed in advance. This is typical for the market, but still affects overall returns, especially for those who switch between CAD and USD frequently. For those trading ADRs, a small custody fee of $0.01–$0.03 per share applies, which is standard in the industry.

Webull distinguishes itself with zero inactivity fees and no explicit custody or management charges, making it attractive for occasional traders or those holding investments long term. That said, options like RRSP and TFSA accounts share the same commission structure, which is competitive but not the lowest available for Canadian investors.

Webull does not offer access to forex, commodities, or CFD trading in Canada, and there is no crypto trading functionality. As a result, its fee framework is best suited to straightforward stock and ETF investors rather than multi-asset or active day traders looking for the tightest spreads and lowest per-trade costs.

What are the account-related fees?

Fee TypeConditions at WebullMarket Average
Opening fee$0$0–$50
Maintenance fee$0$0–$10/month
Withdrawal fee$0 (EFT)$0–$35
Inactivity fee$0$5–$30/month
Currency conversion feeNot disclosed (spread applies)0.3%–1%
Opening fee
Conditions at Webull
$0
Market Average
$0–$50
Maintenance fee
Conditions at Webull
$0
Market Average
$0–$10/month
Withdrawal fee
Conditions at Webull
$0 (EFT)
Market Average
$0–$35
Inactivity fee
Conditions at Webull
$0
Market Average
$5–$30/month
Currency conversion fee
Conditions at Webull
Not disclosed (spread applies)
Market Average
0.3%–1%
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Tip

For long-term investors who trade infrequently, Webull’s transparent flat fee structure means you don’t need to worry about hidden costs. But if you plan to make frequent or high-volume trades, compare total commission costs versus brokers offering free trades—especially when buying US-listed securities using CAD.

What are the fees on stocks and ETFs?

Stock and ETF trading is the core at Webull in Canada. The $2.99 per-trade commission (US or Canadian securities) is clear and predictable. There are no custody or overnight fees, and UK stamp duty is not relevant. A minor ADR fee may apply when holding US-listed foreign securities.

Fee TypeConditions at WebullMarket Average
Commission$2.99/trade (CAD or USD)$0–$9.99/trade
Spread feeMarket spread, no mark-upMarket spread
Overnight fee$0 (no margin interest on cash)$0 (cash), varies on margin
Custody fee$0; $0.01–$0.03/share for ADRs$0–$2/month
UK stamp duty taxNot applicable0–0.5% (if applicable)
Commission
Conditions at Webull
$2.99/trade (CAD or USD)
Market Average
$0–$9.99/trade
Spread fee
Conditions at Webull
Market spread, no mark-up
Market Average
Market spread
Overnight fee
Conditions at Webull
$0 (no margin interest on cash)
Market Average
$0 (cash), varies on margin
Custody fee
Conditions at Webull
$0; $0.01–$0.03/share for ADRs
Market Average
$0–$2/month
UK stamp duty tax
Conditions at Webull
Not applicable
Market Average
0–0.5% (if applicable)

What are the fees on cryptocurrencies?

Webull does not offer cryptocurrency trading, custody, or wallet services in Canada, so there are no fee implications for crypto traders.

Fee TypeConditions at WebullMarket Average (crypto or CFD brokers)
Buy/sell feesNot available0.1%–0.5% (spot), 0.5%–2% (CFDs)
Spread feesNot available0.1%–2%
Overnight feesNot availableYes, variable
Custody feesNot available$0–$5/month
Transfer feesNot available$0–$20 (CFD); withdrawal/mining at exchanges
Buy/sell fees
Conditions at Webull
Not available
Market Average (crypto or CFD brokers)
0.1%–0.5% (spot), 0.5%–2% (CFDs)
Spread fees
Conditions at Webull
Not available
Market Average (crypto or CFD brokers)
0.1%–2%
Overnight fees
Conditions at Webull
Not available
Market Average (crypto or CFD brokers)
Yes, variable
Custody fees
Conditions at Webull
Not available
Market Average (crypto or CFD brokers)
$0–$5/month
Transfer fees
Conditions at Webull
Not available
Market Average (crypto or CFD brokers)
$0–$20 (CFD); withdrawal/mining at exchanges

What are the fees on CFDs?

CFDs are not available on Webull Canada, so there are no related fees.

Underlying AssetMaximum LeverageSpread at WebullOvernight FeeMarket Average (CFD brokers)
CFD StocksNot availableNot availableNot available$0.01–$0.08/share + swap
Gold (XAU/USD)Not availableNot availableNot available0.5–1.5 points
Silver (XAG/USD)Not availableNot availableNot available0.05–0.15 points
Oil (WTI)Not availableNot availableNot available0.03–0.10 points
EUR/USDNot availableNot availableNot available0.5–1.5 pips
EUR/GBPNot availableNot availableNot available0.7–2.0 pips
USD/JPYNot availableNot availableNot available0.7–1.5 pips
GBP/USDNot availableNot availableNot available0.7–2.0 pips
BEL 20 (BEL20)Not availableNot availableNot available1–3 points
BTC/USD (crypto CFD)Not availableNot availableNot available0.5%–2%
CFD Stocks
Maximum Leverage
Not available
Spread at Webull
Not available
Overnight Fee
Not available
Market Average (CFD brokers)
$0.01–$0.08/share + swap
Gold (XAU/USD)
Maximum Leverage
Not available
Spread at Webull
Not available
Overnight Fee
Not available
Market Average (CFD brokers)
0.5–1.5 points
Silver (XAG/USD)
Maximum Leverage
Not available
Spread at Webull
Not available
Overnight Fee
Not available
Market Average (CFD brokers)
0.05–0.15 points
Oil (WTI)
Maximum Leverage
Not available
Spread at Webull
Not available
Overnight Fee
Not available
Market Average (CFD brokers)
0.03–0.10 points
EUR/USD
Maximum Leverage
Not available
Spread at Webull
Not available
Overnight Fee
Not available
Market Average (CFD brokers)
0.5–1.5 pips
EUR/GBP
Maximum Leverage
Not available
Spread at Webull
Not available
Overnight Fee
Not available
Market Average (CFD brokers)
0.7–2.0 pips
USD/JPY
Maximum Leverage
Not available
Spread at Webull
Not available
Overnight Fee
Not available
Market Average (CFD brokers)
0.7–1.5 pips
GBP/USD
Maximum Leverage
Not available
Spread at Webull
Not available
Overnight Fee
Not available
Market Average (CFD brokers)
0.7–2.0 pips
BEL 20 (BEL20)
Maximum Leverage
Not available
Spread at Webull
Not available
Overnight Fee
Not available
Market Average (CFD brokers)
1–3 points
BTC/USD (crypto CFD)
Maximum Leverage
Not available
Spread at Webull
Not available
Overnight Fee
Not available
Market Average (CFD brokers)
0.5%–2%

Assets & Markets

Webull stands out in the Canadian landscape for its comprehensive access to both Canadian and US-listed stocks as well as a robust selection of ETFs, all available for direct spot trading. I value the fact that the platform facilitates both cash and margin accounts, and even offers RRSP and TFSA options, giving investors the flexibility to build portfolios within registered accounts. Webull’s inclusion of hundreds of OTC securities adds further depth to its equity universe, making it practical for those interested in small-cap or less mainstream names.

For options traders, Webull provides direct access to US-listed options, which is a rare strength among commission-based Canadian brokers. The commission structure is straightforward, though not the cheapest in the space, and the absence of stock or ETF CFDs means users are always interacting with underlying assets rather than derivatives—well-aligned with regulated Canadian brokerage practices.

Webull’s platform, while visually attractive and rich in analytics, is limited by the absence of certain asset classes: there is no access to forex, commodity futures, standard indices for trading, or any cryptocurrency or DeFi functionality for Canadians. Crypto price data is available for research, but trading, staking, or wallet services are not supported. For users seeking multi-asset or derivatives exposure, this narrow focus does leave a gap when compared to global full-service or CFD brokers.

Bond trading, stablecoins, and NFT access are not available on Webull Canada. The focus remains squarely on equities, ETFs, and options, which makes the platform more geared toward traditional active investors than those seeking exposure to alternative asset classes, yield generation, or digital asset innovation.

Asset ClassTypeNumber at WebullMarket AverageExample Assets
StocksSpot2,000+ (CA/US/OTC)2,000–5,000+Shopify, RBC, Tesla, Apple
ETFsSpot100+50–200+iShares S&P/TSX 60, SPDR S&P 500, QQQ
CryptocurrenciesNot available0 (data only)10–50+
CurrenciesNot available020–70
CommoditiesNot available05–25
IndicesNot available05–15
BondsNot available03–10
StablecoinsNot available02–5
NFTsNot available00–2
Other derivativesUS stock options500+ (US listed)50–1,000+SPY options, TSLA calls/puts
Stocks
Type
Spot
Number at Webull
2,000+ (CA/US/OTC)
Market Average
2,000–5,000+
Example Assets
Shopify, RBC, Tesla, Apple
ETFs
Type
Spot
Number at Webull
100+
Market Average
50–200+
Example Assets
iShares S&P/TSX 60, SPDR S&P 500, QQQ
Cryptocurrencies
Type
Not available
Number at Webull
0 (data only)
Market Average
10–50+
Example Assets
Currencies
Type
Not available
Number at Webull
0
Market Average
20–70
Example Assets
Commodities
Type
Not available
Number at Webull
0
Market Average
5–25
Example Assets
Indices
Type
Not available
Number at Webull
0
Market Average
5–15
Example Assets
Bonds
Type
Not available
Number at Webull
0
Market Average
3–10
Example Assets
Stablecoins
Type
Not available
Number at Webull
0
Market Average
2–5
Example Assets
NFTs
Type
Not available
Number at Webull
0
Market Average
0–2
Example Assets
Other derivatives
Type
US stock options
Number at Webull
500+ (US listed)
Market Average
50–1,000+
Example Assets
SPY options, TSLA calls/puts

Trading Tools & Apps

Webull’s multi-platform ecosystem—ranging from a robust desktop application to a full-featured mobile app and web interface—offers a cohesive trading experience suitable for modern investors in Canada. The user interface across all devices is intuitive: navigation is streamlined, market data is delivered in real time, and the workspace is highly customizable with advanced charting, personalized watchlists, and a clear portfolio view. This makes the platform equally accessible for beginners and attractive for more experienced retail traders seeking efficiency.

Technical analysis capabilities on Webull are well developed, especially for a direct-access broker rather than a pure trading tool. The platform integrates dozens of technical indicators, drawing tools, and multi-chart layouts, supporting strategies from simple moving averages to more complex overlay studies. Chart interactions are smooth, both on desktop and mobile, and essential order management tools are easily accessible within the chart interface.

Order execution includes a strong set of order types: market, limit, stop, stop-limit, trailing stop, and OCO (One Cancels the Other), matching what is expected from a professional equity and ETF broker. While not as expansive as MetaTrader or TradingView in terms of third-party automation, Webull offers a reliable and responsive system for traditional stock, option, and ETF trading.

A notable limitation for algorithmic and automated traders is the absence of an open API, Expert Advisors, or automated bot trading. Copy trading and social investing functions are also missing from the Canadian offering, putting the focus strictly on individual research and decision-making. For advanced users who prioritize automated strategies, this may be a restrictive aspect compared to more open fintech brokers or specialized algorithmic platforms.

Webull does not currently enable spot or CFD crypto trading, staking, or earn products for Canadian accounts. There is no support for DeFi, crypto wallets, or digital asset integration—only crypto asset price data and charts for research purposes. The platform is strongly oriented toward equity and options markets, rather than multi-asset or alternative asset functionality.

FeatureVerified Details
Mobile appWebull app for iOS/Android (no MT4/MT5/TradingView/crypto wallet integration)
UsabilityFluid, modern interface across desktop, mobile, and web
Compatible softwareProprietary Webull platforms only; no MetaTrader, TradingView, or crypto wallet API connection
Order typesMarket, limit, stop, stop-limit, trailing stop, OCO orders
Charting and technical analysis50+ built-in indicators; multi-chart view; drawing tools; no external scripting or TradingView plugin
Auto trading / Automated strategiesNot available; no bot trading, EAs, or copy trading
Algorithmic tradingNot available
Negative balance protectionCovered by CIRO/CIPF rules and platform risk controls
Trading signalsBasic alerts, news, and reporting; no integrated third-party signal provider
Asset search and filtersAdvanced search, custom watchlists, sector screens
Spot stock purchaseAvailable; direct execution on Canadian and US stocks/ETFs
Staking and earnNot available
Webull Features and Verified Details
Mobile app
Verified Details
Webull app for iOS/Android (no MT4/MT5/TradingView/crypto wallet integration)
Usability
Verified Details
Fluid, modern interface across desktop, mobile, and web
Compatible software
Verified Details
Proprietary Webull platforms only; no MetaTrader, TradingView, or crypto wallet API connection
Order types
Verified Details
Market, limit, stop, stop-limit, trailing stop, OCO orders
Charting and technical analysis
Verified Details
50+ built-in indicators; multi-chart view; drawing tools; no external scripting or TradingView plugin
Auto trading / Automated strategies
Verified Details
Not available; no bot trading, EAs, or copy trading
Algorithmic trading
Verified Details
Not available
Negative balance protection
Verified Details
Covered by CIRO/CIPF rules and platform risk controls
Trading signals
Verified Details
Basic alerts, news, and reporting; no integrated third-party signal provider
Asset search and filters
Verified Details
Advanced search, custom watchlists, sector screens
Spot stock purchase
Verified Details
Available; direct execution on Canadian and US stocks/ETFs
Staking and earn
Verified Details
Not available
Webull Features and Verified Details
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Tip

Make use of Webull’s paper trading feature to test strategies and get comfortable with order types, especially if you are new to multi-leg options or advanced order management. This risk-free practice environment can help you optimize your desk and mobile navigation for live markets without costly errors.

Account Opening & Deposits

Account opening

Opening an account with Webull in Canada is a fully online process. You begin by filling out the registration form through the Webull app or web platform, providing personal information and selecting your desired account type (cash, margin, RRSP, TFSA). Next, you must verify your identity by submitting a government-issued photo ID, proof of address (such as a utility bill or bank statement), and your Social Insurance Number (SIN). You’ll also need to complete a regulatory questionnaire regarding your financial background and investment experience, as required by CIRO. After uploading the necessary documents, your application will be reviewed by Webull’s compliance team. Validation can take from a few hours up to several days, depending on the accuracy and completeness of your submitted documents. Once your account is approved, you’ll receive a confirmation email with next steps for accessing your account and making your first deposit.

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Good to know

For the fastest account approval, ensure your address documents clearly show your name and current address, and that your ID is valid and photo is clear. During periods of high demand, such as market volatility or IPOs, validation times may increase.

ItemDetails
Opening procedureOnline registration, identity verification, document upload, regulatory questionnaire, compliance review
Validation timeTypically a few hours to several days, depending on documentation and market conditions
Accepted deposit methodsEFT (Electronic Funds Transfer)
Minimum required depositNo minimum (individual accounts); entity accounts require $100,000
Required documentsGovernment-issued ID, proof of address, SIN (for Canadian residents)
Practical tipUse the paper trading (demo) account to familiarize yourself with the platform before trading with real funds
Account Opening Details
Opening procedure
Details
Online registration, identity verification, document upload, regulatory questionnaire, compliance review
Validation time
Details
Typically a few hours to several days, depending on documentation and market conditions
Accepted deposit methods
Details
EFT (Electronic Funds Transfer)
Minimum required deposit
Details
No minimum (individual accounts); entity accounts require $100,000
Required documents
Details
Government-issued ID, proof of address, SIN (for Canadian residents)
Practical tip
Details
Use the paper trading (demo) account to familiarize yourself with the platform before trading with real funds
Account Opening Details

Deposits and withdrawals on Webull

Webull simplifies deposits and withdrawals for Canadian users by accepting only Electronic Funds Transfer (EFT) linked to a Canadian bank account. Deposits are made in Canadian dollars (CAD), with no conversion fees for CAD funding and withdrawal. There are no deposit or withdrawal fees charged by Webull when using EFT, making the process cost-effective for most users. However, deposit processing can take three to five business days for funds to clear, and withdrawals are typically completed within two business days. Webull does not offer credit card, e-wallet, stablecoin, or cryptocurrency deposit or withdrawal options. There is also no integrated crypto wallet or fiat-to-crypto conversion available for Canadian accounts. All transactions are conducted in CAD, and users should ensure their bank details are entered correctly to avoid delays.

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Good to know

Verify that the name on your bank account matches your Webull account exactly to prevent rejected transfers. Plan ahead for deposit/withdrawal delays, especially if you need funds available for time-sensitive trades.

Payment methodAccepted currenciesMinimum amountProcessing timePossible fees
Credit cardNot available
Bank transfer (EFT)CADNo minimum (individual); $100,000 (entity)Deposit: 3–5 business days; Withdrawal: 2 business daysNo fee (unless NSF/reversal: $50)
E-walletsNot available
Stablecoins/cryptosNot available
Other local optionsNot available
A summary of payment methods, their accepted currencies, minimum amounts, processing times, and potential fees.
Credit card
Accepted currencies
Minimum amount
Processing time
Possible fees
Not available
Bank transfer (EFT)
Accepted currencies
CAD
Minimum amount
No minimum (individual); $100,000 (entity)
Processing time
Deposit: 3–5 business days; Withdrawal: 2 business days
Possible fees
No fee (unless NSF/reversal: $50)
E-wallets
Accepted currencies
Minimum amount
Processing time
Possible fees
Not available
Stablecoins/cryptos
Accepted currencies
Minimum amount
Processing time
Possible fees
Not available
Other local options
Accepted currencies
Minimum amount
Processing time
Possible fees
Not available
A summary of payment methods, their accepted currencies, minimum amounts, processing times, and potential fees.

Account Types

Webull offers a selection of account types specifically geared towards Canadian investors, focusing on direct trading of stocks, ETFs, and US-listed options. While Webull is not a CFD, forex, or crypto platform in Canada, it supports both cash and margin accounts as well as popular registered accounts like RRSP and TFSA. Demo (paper trading) accounts are also available, providing access to a risk-free trading environment for both newcomers and seasoned traders seeking to hone their strategies.

Account typeAvailableMain features
Demo accountRisk-free paper trading, simulate trades before using real funds
Standard accountCash and margin options, no minimum deposit, access to Canadian and US stocks/ETFs
Raw ECN accountNot available; no direct ECN or low-latency forex/CFD trading
Islamic accountNot available; no swap-free or Shariah-compliant accounts
Professional accountNot available; specialized professional accounts not offered in CA
CFD accountNot available; no stock CFDs, forex CFDs, or index CFDs
Classic securities accountDirect trading of Canadian/US stocks and ETFs
Staking/earn accountNot available; no crypto or staking/DeFi features
Cold storage accountNot available; no crypto custody or physical digital asset storage
Tax-advantaged accountRRSP and TFSA options available for Canadian residents
Accepted base currenciesCAD and USD accounts depending on asset type
Account types and their features.
Demo account
Available
Main features
Risk-free paper trading, simulate trades before using real funds
Standard account
Available
Main features
Cash and margin options, no minimum deposit, access to Canadian and US stocks/ETFs
Raw ECN account
Available
Main features
Not available; no direct ECN or low-latency forex/CFD trading
Islamic account
Available
Main features
Not available; no swap-free or Shariah-compliant accounts
Professional account
Available
Main features
Not available; specialized professional accounts not offered in CA
CFD account
Available
Main features
Not available; no stock CFDs, forex CFDs, or index CFDs
Classic securities account
Available
Main features
Direct trading of Canadian/US stocks and ETFs
Staking/earn account
Available
Main features
Not available; no crypto or staking/DeFi features
Cold storage account
Available
Main features
Not available; no crypto custody or physical digital asset storage
Tax-advantaged account
Available
Main features
RRSP and TFSA options available for Canadian residents
Accepted base currencies
Available
Main features
CAD and USD accounts depending on asset type
Account types and their features.
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Tip

If you’re deciding between a cash, margin, or tax-advantaged account at Webull, consider your trading frequency, risk tolerance, and long-term goals. For active short-term traders, margin accounts can offer added buying power, while RRSP and TFSA accounts are great for building wealth with tax benefits. Take advantage of demo trading to familiarize yourself with the platform before funding a live account.

Customer reviews

Webull has an overall Trustpilot rating of 2.5 out of 5, based on 298 reviews. Les utilisateurs mettent en avant plusieurs aspects positifs de la plateforme, notamment :

  • Easy account opening with no minimum deposit for individuals
  • Simple and intuitive trading app and desktop interface
  • Access to Canadian and US stocks, ETFs, and US-listed options
  • Robust paper trading (demo) functionality
  • Solid suite of charting and market analysis tools

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

  • Customer support can be slow to respond or provide solutions
  • Higher trading fees compared to some Canadian competitors
  • Limited asset selection (no forex, crypto trading, or commodities)
  • Some technical glitches reported on mobile and desktop platforms
  • No advanced features like copy trading or real-time international markets

Voici quelques exemples représentatifs d’avis publiés sur Trustpilot :

S.G. – 21/06/2024 : “The platform is easy to use, but customer service can be slow to respond.”

K.T. – 07/05/2024 : “Fees are higher than some competitors, especially for Canadian users.”

J.W. – 14/03/2024 : “Great for US stocks, but limited options for other asset classes.”

FAQ

Is Webull regulated in CA?

Webull operates in Canada as Webull Securities (Canada) Ltd and is regulated by the Canadian Investment Regulatory Organization (CIRO). It is a member of the Canadian Investor Protection Fund (CIPF), offering a level of regulatory security for investors.

What is the minimum deposit on Webull?

For individual accounts in Canada, Webull does not require any minimum deposit to open or maintain your account. This allows new investors to start with any amount they are comfortable investing.

Does Webull offer a welcome bonus?

Webull Canada does not currently advertise a welcome bonus or trading credits for new users as of July 2025. Promotion types may vary over time, so it’s advised to check Webull’s latest offers directly on the platform.

How does leverage work on Webull?

Webull offers margin accounts for eligible Canadian users, allowing certain trades on borrowed funds. However, specific maximum leverage ratios for Canada are not detailed on the site, so investors should review the margin disclosure and account agreement during signup.

How does Webull make money?

Webull earns revenue primarily through trading commissions on stocks and ETFs, as well as other fees like ADR custody charges or margin interest. There are currently no fees for deposits and withdrawals via EFT for individual users.

Who is behind Webull?

Webull Securities (Canada) Ltd is the Canadian entity of Webull, an international fintech company with headquarters in Toronto for its Canadian operations. The broader company is part of the Webull global network, known for its technology-driven investment platforms.

When was Webull launched?

Webull was founded internationally in 2017 and expanded to the Canadian market more recently, with Webull Securities (Canada) Ltd providing regulated brokerage services tailored to Canadian investors.

Does Webull offer copy trading or social trading?

Copy trading and social trading features are not available on Webull Canada. Users can access advanced tools for research and trading, but automated copying of other investors’ strategies is not supported at this time.

How can I contact Webull’s customer service?

Customer support is available to Canadian users by phone during market hours at 888-228-0958, via in-app messaging, or by email at [email protected]. Response times may vary depending on market activity and inquiry volume.

Does Webull offer any promotions or referral programs?

As of July 2025, Webull Canada does not publicly advertise referral or promotional programs specific to Canadian users. Promotional offerings may change, so users are encouraged to review the latest on Webull’s website or app.

Does Webull provide insurance or proof-of-reserve for customer funds?

Webull Canada clients’ assets are protected by CIPF insurance, which covers eligible client accounts up to set limits if the broker fails. Webull does not offer proof-of-reserve attestations, as it does not hold or trade crypto assets for Canadian clients.

Is Webull regulated in CA?

Webull operates in Canada as Webull Securities (Canada) Ltd and is regulated by the Canadian Investment Regulatory Organization (CIRO). It is a member of the Canadian Investor Protection Fund (CIPF), offering a level of regulatory security for investors.

What is the minimum deposit on Webull?

For individual accounts in Canada, Webull does not require any minimum deposit to open or maintain your account. This allows new investors to start with any amount they are comfortable investing.

Does Webull offer a welcome bonus?

Webull Canada does not currently advertise a welcome bonus or trading credits for new users as of July 2025. Promotion types may vary over time, so it’s advised to check Webull’s latest offers directly on the platform.

How does leverage work on Webull?

Webull offers margin accounts for eligible Canadian users, allowing certain trades on borrowed funds. However, specific maximum leverage ratios for Canada are not detailed on the site, so investors should review the margin disclosure and account agreement during signup.

How does Webull make money?

Webull earns revenue primarily through trading commissions on stocks and ETFs, as well as other fees like ADR custody charges or margin interest. There are currently no fees for deposits and withdrawals via EFT for individual users.

Who is behind Webull?

Webull Securities (Canada) Ltd is the Canadian entity of Webull, an international fintech company with headquarters in Toronto for its Canadian operations. The broader company is part of the Webull global network, known for its technology-driven investment platforms.

When was Webull launched?

Webull was founded internationally in 2017 and expanded to the Canadian market more recently, with Webull Securities (Canada) Ltd providing regulated brokerage services tailored to Canadian investors.

Does Webull offer copy trading or social trading?

Copy trading and social trading features are not available on Webull Canada. Users can access advanced tools for research and trading, but automated copying of other investors’ strategies is not supported at this time.

How can I contact Webull’s customer service?

Customer support is available to Canadian users by phone during market hours at 888-228-0958, via in-app messaging, or by email at [email protected]. Response times may vary depending on market activity and inquiry volume.

Does Webull offer any promotions or referral programs?

As of July 2025, Webull Canada does not publicly advertise referral or promotional programs specific to Canadian users. Promotional offerings may change, so users are encouraged to review the latest on Webull’s website or app.

Does Webull provide insurance or proof-of-reserve for customer funds?

Webull Canada clients’ assets are protected by CIPF insurance, which covers eligible client accounts up to set limits if the broker fails. Webull does not offer proof-of-reserve attestations, as it does not hold or trade crypto assets for Canadian clients.

P. Laurore
P. Laurore
Finance expert
HelloSafe
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.

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