Is Webull Available in the United Kingdom?
Yes, Webull is accessible in the United Kingdom through its subsidiary “Webull Securities (UK) Ltd” (FRN: 961286). The official introduction took place on July 12, 2023.
Previously, Webull was only available in the United States, Australia, Hong Kong, Japan, Singapore, and South Africa. After obtaining its official authorization from the Financial Conduct Authority (FCA) in October 2022, Webull UK has spent the past six months assiduously assembling a locally seasoned team.
This well-known trading application has received multiple accolades, including “Best Brokerage App” at the 2022 Benzinga’s Global Fintech Awards and “Best Options Trading Platform” at the Finder Stock Trading Platform Awards.
Are the terms of the UK app identical to those of the US version?
While we detest to be the bearer of bad news, we must be frank. No, the terms are not identical to the US Webull app. There are two major distinctions:
- UK investors have no access to American equities or fractional shares.
- There is access to ETFs, options, and over-the-counter (OTC) securities in other nations.
Each trade incurs a commission of 2.5 basis points. This differs significantly from the commission-free operation in the United States.
Despite the fact that the platform initially only offers U.S.-listed securities, plans are already in place to rapidly expand its services and introduce new global investment opportunities.
Before we examine alternatives, let’s examine Webull’s referral programme in the United Kingdom, which gives you the opportunity to earn two complimentary shares.
How to Earn up to 4 Free Shares with the Webull Free Stock UK Referral Programme
To participate in Webull’s complimentary share promotion, you must take the following actions:
Use this referral link or the Webull UK Invite Code tefLIa80xhoz to sign up for Webull.
Install the Webull Securities application and create an account.
Upon successful registration, make a deposit of any amount and complete one Learn Course to earn two free shares.
To be eligible for the remaining two free shares, you must complete at least one trade within 30 days.
In addition, once your account is activated, you can invite others to Webull, but the rewards for doing so are limited to 10 referrals.
Now, if you’re looking for an investment app that provides commission-free trading, like the US version of Webull, you’re in luck! We have compiled an inventory for you! Here are our best alternatives to Webull UK.
eToro is a comparable substitute for Webull with an added twist. eToro offers commission-free investing, similar to Webull in the United States. It includes stocks, ETFs, cryptocurrencies, and additional financial instruments.
eToro is not only an investment application, but also a social platform. Think of it as Twitter, but for trading enthusiasts! You can converse, learn, and even track the transactions of the world’s leading investors. With the eToro app for iOS and Android, you can stay connected whether you’re at your desk or on the go.
eToro is broadly accessible, particularly in the United Kingdom and Europe. Check out my eToro review for a more comprehensive analysis.
CFDs are sophisticated instruments that carry a high risk of rapid financial loss due to leverage. 74% of retail investor accounts that trade CFDs with this provider lose money. You should consider whether you comprehend how CFDs operate and whether you can afford the substantial risk of losing money.
