How to Use Webull Singapore to Trade, Buy and Sell Stocks? (Beginner’s Guide)
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Webull Singapore is one of the top trading platform in the world and one of the largest online brokerage in Singapore where it offers trading App, tools and features that empower both beginner and seasoned investors. The platform offers commission-free trading and advanced data analytics. This makes buying and selling stocks accessible and straightforward.
Best Beginner Friendly Platform For Traders
Minimum investment: $0
Stock/ETF Commission Fees: $0 & 0.025% thereafter for US, 0.03% for HK, 0.025% for SG
Options Fees: $0.55 Per Contract
Markets: United States, Hong Kong and Singapore
Suitable For: Beginner and Experience investors or trader looking to invest both locally and internationally.
Getting started with Webull begins with a simple 10 minutes Sign-up. Once registered, funding your account is just as simple, and with the platform’s user-friendly design, it is easy to management your funds and investments in stocks, ETFs, REITs, mutual funds and even options.
KEY TAKEAWAYS
- Webull offers a user-friendly platform for commission-free stock trading.
- Getting started is simple, with an easy sign-up process and account funding.
- Investors have access to tools for both stock trading and options strategies.
Step 1: Getting Started With Webull
Webull trading platform is a great way to get started in your investing journey. But first, you’ll need to create an account that allows access to global markets from Singapore, Hong Kong, and the United States.
Creating Your Webull Account
Opening a Webull account is a straightforward process that can be completed in less than 10 minutes. To get started,
- Visit the signup page using this LINK.
- Provide some basic personal information.
- Fund your account accordingly.
You have two options for account setup:
- Option 1 (Recommended): If you’re a Singaporean or a Permanent Resident, use your Singpass to streamline the process. Your required details will be filled automatically.
- Option 2: Foreigners residing in Singapore or those choosing not to use Singpass can enter details manually.
I’ve created a detailed step-by-step process (with screenshots) on how you can setup Webull account in my other guide here, “How to open a Webull account“.
With $0 minimum investment required and low commission fees on stock and ETF trades, Webull makes it easy and affordable to start investing.
What’s more Webull is regulated by Monetary Authority of Singapore (MAS) to ensure the safeguarding of your assets, making Webull for suitable for both beginners and experienced investors.
Step 2: Funding and Managing Your Webull Account
Next, you’ll need to ensure your Webull account is funded through depositing funds into your brokerage account.
Deposit Funds
Get started by adding money to your Webull account.
You can easily fund your Webull account by one of the following few ways:
- Bank transfer using eDDA Deposit (Recommended)
- FAST transfer to your Webull account
- Telegraphic Transfer (TT)
When initiating a transfer, select the amount you wish to deposit. Keep in mind that the funds may take a few days to appear in your Webull account.
And in my own personal experience, it takes approx. 2-5 minutes for the transfer to be completed. However do note, I use eDDA Deposit for the transfer as it is free and fast.
Navigating the Interface and Tools
Webull’s trading App interface is designed to be intuitive for beginners.
- You can find an overview of your portfolio balance and performance on your dashboard.
- You can utilize analytical tools such as charting and real-time quotes to make informed decisions when investing.
- You can access to the platform’s search function to find securities easily.
For a deep dive into investment strategies, Webull Learn is your go-to educational resource.
Understanding Fees
Webull stands out for its minimal fees, crucial for maximizing investment returns.
What I think the greatest benefit for Webull is that it offers clear and transparent pricing which let you be pretty sure you will not pay extra for services you never need.
Market | Webull SG Broker Fee | Min. Commission | Platform Fee | Custodian Fees | Avg. Commission Fee (%) | Average Min. Commission |
---|---|---|---|---|---|---|
Singapore (SGX) | 0.025% Trade Value | SGD $0.80 | 0.025% Trade Value | No custodian fees | 0.22% | SGD 25 |
United States (NYSE and NASDAQ) | USD $0 (0.025% Trade Value thereafter) | $0 (USD $0.50 thereafter) | USD $0 (Till Updated) | USD $0.01 – $0.03 per Share | 0.30% | USD 15 |
Hong Kong (HKEX) | 0.03% Trade Value | HKD $12 | HKD $0 (Till Updated) | No custodian fees | 0.25% | HKD 100 |
China H-Share (HKEX) | 0.03% Trade Value | HKD $12 | HKD $0 (Till Updated) | No custodian fees | 0.25% | HKD 100 |
China A-Share (SZSE & SSE) | 0.02% Trade Value | CNH ¥12 | CNH ¥0 (Till Updated) | No custodian fees | 0.25% | CNH 100 |
Step 3: Making Buy and Sell Trades on Webull
Not sure how much you know about Webull, but trading on the Webull platform is one of the easiest even amount the top stock trading platforms.
- Intuitive interface and big buttons for fat fingers
- Fully customizable interface for personalization and ease-of-use
- Range of free advance and useful features for market analysis and market insights
Here are how you can make trades with Webull.
Making Stocks Trades on Webull
When you’re ready to make a trade on Webull, start by selecting a stock you’re interested in. Use the “Market” section to view Top Gainers and Top Losers for stock ideas.
- Click on “Markets” to view the markets and choose your desired stocks to trade
- Click on your desired stocks and view the details
- Click on trade and enter the quantity of shares you want to buy or sell.
- Next, choose your Time-in-Force. A “day” order expires if not filled by market close, whereas “GTC” (Good ‘Til Canceled) remains active until you cancel.
- Select Extended Hours to allow executions before or after regular trading hours.
- After you review your order details, submit it by tapping the green “Buy” button. Check the “open orders” tab to monitor your active trades.
When you are buying any shares, you’ll encounter different order types:
- Limit orders are set to execute at your specified price or better.
- A Market order quickly buys at the current market price.
- Stop orders help limit potential loss by setting a sell trigger.
Don’t overlook the Take Profit/Stop Loss feature. It enables you to set predetermined profit levels or stop losses to manage risk efficiently.
Making Options Trades on Webull
When you’re ready to dive into options trading with Webull, here’s a simple step-by-step guide to get you started:
- Account Verification: Ensure your Webull account is verified and approved for options trading.
- Funding Your Account: Deposit funds to your Webull account via your preferred method.
- Navigating to Options: Access the options trading section within the platform.
- Select Options: Choose between Call Options (Buy if you believe the underlying asset’s price will rise) and Put Options (Buy if you expect the underlying asset’s price to fall).
- Enter the number of quantity you want to buy or sell.
Do take note that when you are trading options on Webull, you need to understand the few trading details on the platform:
- Underlying Asset: Select the asset for your options trade.
- Expiration Date: Choose when the option will expire.
- Strike Price: Set the price at which you can exercise the option.
- Contracts: Decide on the number of options contracts you want to trade.
- Pro Tip: Webull offers real-time market data, helping you to make informed decisions.
Be aware that options trading is not for everyone and should only be used if you know what you are doing. You can read more about options trading in my other article, “Beginner’s Guide to Options Trading“.
Subscribing to Mutual Funds and Cash Funds on Webull
With Webull, you get to access a range of mutual fund as well as the ability to subscribe to cash funds to help grow your portfolio.
Cash Management Account
Webull offers a special Cash Management Account called the Moneybull, with this account, your uninvested cash can earn interest.
- Open your Webull trading App and click on Webull Cash Fund.
- Understand the risk of buying funds and proceed to accept the access to cash funds.
- Navigate to Cash Funds and choose which cash fund you want to subscribe.
- Enter the amount you want to subscribe and the frequency you want to subscribe
- Click subscribe and you’ll reach a confirmation page that confirmed you’ve subscribed to the fund.
Utilize the Moneybull feature to grow your uninvested cash, and if you want, you can even setup Regular Saving Plan (RSP).
A Regular Saving Plan can to automate your investments into mutual funds, allowing you to invest a fixed amount periodically. This is convenient and can help in dollar-cost averaging your investments.
Purchase Mutual and Cash Funds
And for those who are “ok” with higher risk but also wants more return on your investment, you can choose to subscribe to mutual funds. Choose the mutual fund that aligns with your investment goals. Then, proceed to buy shares directly through the Webull platform.
Here’s some things to consider when subscribing to mutual funds:
- Mutual and cash funds provide diversification but also comes with higher expense ratios.
- All investments can fluctuate, with no guaranteed profit or protection from losses, thus past performance doesn’t guarantee future results.
- Always review risks and consult a financial adviser if necessary.
Webull offers a easy way for you to buy and sell any of the fund, which makes it a great tools for both beginner and seasoned investors who are interested in controlling their own finance.
Personally, I prefer to put my money into ETFs rather than mutual funds, as it have much lower expense ratio and much lower risk (IMO).
Want To Read More About Webull Singapore?
If you want to know more about Webull Singapore, I’ve created a while library of articles on Webull simply because I think Webull is one of the best trading platform and you will probably be interested in knowing more about it. You can start exploring about Webull Singapore platform below.
- Investing: Full Webull investing and trading platform Webull Singapore Review
- CMA: Webull cash management account Moneybull Review
- Transferring: Step by step process transferring stocks to Webull account
- Promotion: Webull latest promotion
- Account Opening: How to open a Webull Account
- Claim up to $3,000 FREE Share when you sign up a new account here.
- $0 commission free for US stocks, ETFs, and options.
- 3-Years $0 commission for SG stocks, ETFs, and options.
- Low commission fee for SG, US and HK stocks, ETFs, mutual funds and options.
Webull Promo: Low Commission + Free Stock
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Disclaimer: All views expressed in the article are independent opinion of the author, based on my own trading and investing experience. Neither Webull Singapore or its affiliates shall be liable for the content of the information provided. This advertisement has not been reviewed by the Monetary Authority of Singapore.
* T&C Applies
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Antony C. is a dividend investor with over 15+ years of investing experience. He’s also the book author of “Start Small, Dream Big“, certified PMP® holder and founder of IncomeBuddies.com (IB). At IB, he share his personal journey and expertise on growing passive income through dividend investing and building online business. Antony has been featured in global news outlet including Yahoo Finance, Nasdaq and Non Fiction Author Association (NFAA).